I wonder how many eternal dollar bears have been buried throughout the years.
Technical Analysis Fallacy
- #14,702
- Edited 1:37am Apr 28, 2010 1:07am | Edited 1:37am
- Joined Oct 2007 | Status: Trader | 4,269 Posts
- #14,703
- Apr 28, 2010 1:17am Apr 28, 2010 1:17am
Schiff in one of his videos blogs. But anyway I am not going to argue that. Like I said earlier I am more interested in how this saga unfolds in the young EU as problems will arise again in the future.
Nothing personal friend.
I've come to the same realisation as Setebos,
"each one of us needs to find his own understanding of what's happening in the markets. Or suffer using someone else's understanding."
I suffered someone else's before and am not willing to do so again, that's all.
One Mind, Any Market
- #14,705
- Apr 28, 2010 1:54am Apr 28, 2010 1:54am
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
- #14,707
- Apr 28, 2010 2:47am Apr 28, 2010 2:47am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
dunno wats happening out there , but we r goin down n downer ...
let's see if FED changes that today, lol.
- #14,708
- Apr 28, 2010 2:55am Apr 28, 2010 2:55am
- | Joined Aug 2007 | Status: Senior Member | 1,798 Posts
nothing out of the ordinary..
let's see if FED changed that today, lol.
they have to raise someday ...
looks like todays action gonne be subdued till feds minute ...
To Live is the rarest thing in the world , Most people exist , that is all
- #14,709
- Apr 28, 2010 3:31am Apr 28, 2010 3:31am
I'm find it interesting (and a bit nervous) lately that the movement away from the euro has had a positive effect on Gold prices, not surprised but previously dollar strength was negative gold but the correlation has broken. May not be a good sign of things to come.
). No more gold, Dow, oil in the way they used to behave before in terms of the dollar. Rules have changed there...or should I say... are gone? 
@Cyrus - hey man, we should start a syndicate in the trading systems section
- #14,710
- Apr 28, 2010 4:55am Apr 28, 2010 4:55am
I'm find it interesting (and a bit nervous) lately that the movement away from the euro has had a positive effect on Gold prices, not surprised but previously dollar strength was negative gold but the correlation has broken. May not be a good sign of things to come.
Gold is the "OHSHITT!" asset. The debt situation fits into this. Asian Crisis during 1997, 1998 Russian Debt Default gold also did an "ohshit!" as well.
Not to forget the Saudis and Chinese like gold as an asset class. So do the Indians.
Doll strong mainly due to the Euro getting smashed. Bi-polar as ccys can get.
@Cyrus - hey man, we should start a syndicate in the trading systems section
One Mind, Any Market
- #14,711
- Apr 28, 2010 5:02am Apr 28, 2010 5:02am
...
Nothing personal friend.
I've come to the same realisation as Setebos,
"each one of us needs to find his own understanding of what's happening in the markets. Or suffer using someone else's understanding."
I suffered someone else's before and am not willing to do so again, that's all.
- #14,712
- Apr 28, 2010 6:09am Apr 28, 2010 6:09am
Hi guys
Are you trading the range on EUR/USD. I tried 2 attacks south. The second attack got in trouble since PA didn't break out of the range, but my rescue attempt turned it into a winner. I flipped and got out just above 1.3200. Everything work out perfectly. I don't know if I'm just lucky or I am getting better at my trading Anyway, I want to thank fti for this thread. Chief, if I become a consistently profitable trader some day, it would because of you and your thread.
Many thanks to the seniors here also. I really enjoy your discussion about intermarket relationships. I also see bonds break now, they also broke some months before, but then came into sync.
Good luck to your trading guys
P.S. My foreign capital for today is 1.5%, lets see if I lose it later. At least I'll be risking their money( quoted GEfx here)
Are you trading the range on EUR/USD. I tried 2 attacks south. The second attack got in trouble since PA didn't break out of the range, but my rescue attempt turned it into a winner. I flipped and got out just above 1.3200. Everything work out perfectly. I don't know if I'm just lucky or I am getting better at my trading
Anyway, I want to thank fti for this thread. Chief, if I become a consistently profitable trader some day, it would because of you and your thread. Many thanks to the seniors here also. I really enjoy your discussion about intermarket relationships. I also see bonds break now, they also broke some months before, but then came into sync.
Good luck to your trading guys
P.S. My foreign capital for today is 1.5%, lets see if I lose it later. At least I'll be risking their money( quoted GEfx here)
- #14,713
- Apr 28, 2010 6:36am Apr 28, 2010 6:36am
- Joined May 2009 | Status: Trader | 3,730 Posts
Hi guys
Are you trading the range on EUR/USD. I tried 2 attacks south. The second attack got in trouble since PA didn't break out of the range, but my rescue attempt turned it into a winner. I flipped and got out just above 1.3200. Everything work out perfectly. I don't know if I'm just lucky or I am getting better at my trading
Many thanks to the seniors here also. I really enjoy your discussion...
- #14,714
- Apr 28, 2010 9:19am Apr 28, 2010 9:19am
I was referring to this - most of the guys browsing Forex Factory's Trading Systems forum should get a massive headache from such a statement
It's like the pic in picolo's signature.
Let me go off an a mini philo-quote rant since we're on this topic.
Ayn Rand:
“To achieve, you need thought.
You have to know what you are doing and that's real power.”
“The truth is not for all men, but only for those who seek it.”
“The question isn't who is going to let me; it's who is going to stop me.”
Frank Herbert:
" To be able to doubt supremely enables one to act with utmost conviction when convinced. Doubt is necessary to the truth seeker, sifting the Truth from the wavering chaff of false perceptions"
"Seek freedom and become captive of your desires. Seek discipline and find your liberty"
Edit: Man, the formatting really screwed up!!
One Mind, Any Market
- #14,715
- Edited 11:12am Apr 28, 2010 10:59am | Edited 11:12am
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #14,716
- Apr 28, 2010 11:25am Apr 28, 2010 11:25am
I knew it! All the action is happening during the NY session again! Only this time I brought my laptop with me in the office and there's wi-fi access here. It's not exactly "legal" in this company, but there's no one around, right 
@MyTbo - hope you made it out of your counter-trend flip before she reversed to storm 1,31 again
@MyTbo - hope you made it out of your counter-trend flip before she reversed to storm 1,31 again
- #14,717
- Apr 28, 2010 12:28pm Apr 28, 2010 12:28pm
I knew it! All the action is happening during the NY session again! Only this time I brought my laptop with me in the office and there's wi-fi access here. It's not exactly "legal" in this company, but there's no one around, right
@MyTbo - hope you made it out of your counter-trend flip before she reversed to storm 1,31 again
How are you, mate? I entered north at 1.3228 to risk the foreign capital
and made one successful attack. Now I have 2,5% foreign capital. I didn't leave a position to ride(Damn) since I went away from the charts. No baby sitting, no trading. The credit rating agencies made the market wild today. We had such nice swings up and down and FEDs are still to come into the spotlight. The action ain't over for today.However, I'm gonna miss the FEDs, I've got to go out.Good luck to all in that roller coaster
- #14,719
- Apr 28, 2010 3:23pm Apr 28, 2010 3:23pm
- Joined Jan 2008 | Status: Trader | 1,043 Posts
there we go again.....
- #14,720
- Apr 28, 2010 3:24pm Apr 28, 2010 3:24pm
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
