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  • #245,121
  • May 20, 2010 1:57am May 20, 2010 1:57am
eh.. so I guess long is the party for now.
  • #245,122
  • May 20, 2010 1:59am May 20, 2010 1:59am
Quoting cheagil
agreed.. the candles fail to penetrate the upper cup line.
forget it.

now it looks like an ass with a big hole.
i undertake not to swear on my chart ever agai...
  • #245,123
  • May 20, 2010 2:00am May 20, 2010 2:00am
Did not go high enough, more to come i suppose. No short yet.
They think they are smarter than I am.
  • #245,124
  • May 20, 2010 2:00am May 20, 2010 2:00am
Quoting Trading Cat
yes man that saved my A$$ as well yesterday otherwise it would have been a bad day. All this intervention sucks, but I guess we have to get used to it and include those kind of freak moves into our strategy... Right now I should go long but wont, will wait a little longer there is no need to rush, if ECB and SNB go nuts again we will get enough opportunities....
take care and trade safe,
Tcat
well said.

After yesterday's painful reminder. Flat until the market finished off with their shitty intervention after LO.
  • #245,125
  • May 20, 2010 2:00am May 20, 2010 2:00am
Assuming price action doesn't break beyond 1.2450, may be setting up be better shorts. 1.2450 is near a s/r level.
  • #245,126
  • May 20, 2010 2:02am May 20, 2010 2:02am
let s see now... i rode the euro yen down to the support at 112.2... closed it there... will watch the euro usd if it breaks decisevely now at 1.234 otherwise i will go short
Andreyou
  • #245,127
  • May 20, 2010 2:03am May 20, 2010 2:03am
On Twitter, everyone is screaming Bullish.
  • #245,128
  • May 20, 2010 2:04am May 20, 2010 2:04am
Malc can clarify but that may have just been an upthrust on 30 M if you're into VSA
  • #245,129
  • May 20, 2010 2:05am May 20, 2010 2:05am
Quoting PriceVolume
Good luck with that. Seriously. Whattcha gonna do if we see it within the next 72 hours?
It's not about luck in Forex, it's about following the big guys who manipulate this market.
  • #245,130
  • May 20, 2010 2:05am May 20, 2010 2:05am
EURO-DOLLAR: Spikes up to $1.2437 as traders noted 'magnet orders' in
the market, the move taking the rate above the neckline of an inverse
H&S pattern on the hourly charts at $1.2428 (important on the hourly
close). Rate currently trades back around $1.2415. Offers seen placed
between $1.2445/50 with stops being reported above. Further offers noted
at $1.2465.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #245,131
  • May 20, 2010 2:06am May 20, 2010 2:06am
I'll scream Short! My short entry would be somewhere below 1.24. I think pa is setting up for better shorts. Won't know anything until next hour, I have my "waiting cap" on.
  • #245,132
  • May 20, 2010 2:07am May 20, 2010 2:07am
Quoting Jhig
I'll scream Short! My short entry would be somewhere below 1.24. I think pa is setting up for better shorts. Won't know anything until next hour, I have my "waiting cap" on.
probably not a bad plan
  • #245,133
  • May 20, 2010 2:07am May 20, 2010 2:07am
Quoting Jhig
On Twitter, everyone is screaming Bullish.
hehehhehe ooh man you really get my laughing please continue with this twitter stuff it makes my day .... ooh and please dont get offended by my comment.
Best regards,
TCat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #245,134
  • May 20, 2010 2:08am May 20, 2010 2:08am
Quoting Jhig
On Twitter, everyone is screaming Bullish.
The more they all scream one direction, the more I am interested in going the other way.
Still short...and added.
  • #245,135
  • May 20, 2010 2:09am May 20, 2010 2:09am
Quoting Trad3r
It's not about luck in Forex, it's about following the big guys who manipulate this market.
Are you saying you know the big guys? If not, how do you know what they're doing?
  • #245,136
  • May 20, 2010 2:09am May 20, 2010 2:09am
Quoting Trad3r
It's not about luck in Forex, it's about following the big guys who manipulate this market.
Precisely why I told you good luck. 790 Billion isn't crap in this market. Bullets will run out. Wait until enough go long.......
  • #245,137
  • May 20, 2010 2:11am May 20, 2010 2:11am
Quoting Freddyfx
The more they all scream one direction, the more I am interested in going the other way.
Still short...and added.
Ditto. Sold the spike. Half off the table. Rest at breakeven.
  • #245,138
  • May 20, 2010 2:12am May 20, 2010 2:12am
Still fighting with that monthly 200 EMA - it's stronger than I thought:

Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 20 KB


this is one of those things you really have to watch for when trading.
  • #245,139
  • May 20, 2010 2:12am May 20, 2010 2:12am
Quoting Trading Cat
hehehhehe ooh man you really get my laughing please continue with this twitter stuff it makes my day .... ooh and please dont get offended by my comment.
Best regards,
TCat
TCat, why do you think I post it. It's 2'oclock in the morning in Houston, we need something to laugh at.
  • #245,140
  • May 20, 2010 2:13am May 20, 2010 2:13am
now we have a great cup&holder pattern on the 1hr chart. A break of 2443 could bring us to 2640~ Sl should be not lower then 2290 or to be more aggressive 2318. Now that the pattern is there and very obvious for all of us, I will be looking at the entry area and SL area for a trade the other stuff wont be concerning me. I will not post a chart as it is so clear if one cant see it .......
Trade on your own risk Plan your trade&trade your plan dont be a
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