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EURUSD

  • #261,541
  • Jun 22, 2010 5:28am Jun 22, 2010 5:28am
long euro, for rest of the day

edit: aussi is safer bet. long AT .8760, sl .8710, tp .9000
  • #261,542
  • Jun 22, 2010 5:30am Jun 22, 2010 5:30am
Quoting MrWhipple
thanx. Yea about the IRS, I was producing films and tv and financing it with legal tax shelters. The IRS doesn't think it is funny when you pick up 8mil in tax dolars and divert them to the entertainment industry, so they fined the crap out of me and then said I didn't do anything wrong. But the fines stuck, and all I could have done is to admit that I was guilty, pay the fine and then sue the goverment to get it back. Remember, with the IRS you are guilty until proven inocent.

i moved to trading from being in the movie industry too... that industry is getting harder and harder... the money is getting less and less... though i still love it - i think alot of the ethics in the industry are wrong..
  • #261,543
  • Jun 22, 2010 5:31am Jun 22, 2010 5:31am
BB on H4 sayin could be time for a EUR USD Long now...at least for a technical reaction...to short back later....
  • #261,544
  • Jun 22, 2010 5:36am Jun 22, 2010 5:36am
Quoting MrWhipple
Thanx a lot. My son and I got to talking about Forex and I decided to dive in with a Demo. I had to take bankrupcy because of $50k in medical bills and a bunch of other debit on top of that. Good news is I kept the wife, the cars and the house this time. ( I got wiped out by the IRS in the eighties, owed 'em about half a mil)

It is good to be back on the horse. I just jumped in and started staring at price. Feels good!
That sucks big time man! But I believe you're on a good way.

What doesn't kill you only makes you stronger
  • #261,545
  • Jun 22, 2010 5:37am Jun 22, 2010 5:37am
Quoting jaylovin
i moved to trading from being in the movie industry too... that industry is getting harder and harder... the money is getting less and less... though i still love it - i think alot of the ethics in the industry are wrong..
Can you give some examples of wrong ethics? I know about someone who took acting classes for years and wanted to go to Hollywood but also wanted to get into music.
  • #261,546
  • Jun 22, 2010 5:39am Jun 22, 2010 5:39am
MACD Div
Stoch Oversold

Im waiting 4 retracement to go short again :-)
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Follow the Trend, thats all
  • #261,547
  • Jun 22, 2010 5:39am Jun 22, 2010 5:39am
wrong ethics, i guess every industry has em.
  • #261,548
  • Jun 22, 2010 5:42am Jun 22, 2010 5:42am
Quoting witsnpips
why don't u continue that rather than fx?
They kinda took all my stuff. We had about 2mil out in accounts receivible. That was our distribution money. They wrote lettrs to all my clients saying they were going to get audited. So the money dried up. My wife bailed. Marriage 2 failed. I got back on my feet by selling computers to computer stores for a major computer company. Remember during this 10yr period I couldn't own a house or car because the Irs would just take it. That type of stress can kill a guy. (literlaly) In 2000 I finally took disibility.
So now I have a great wife and 8 kids (all grown) and live in Rio Linda with a bunch of chickens and a big dog and I am happier than I have been in my life.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #261,549
  • Jun 22, 2010 5:42am Jun 22, 2010 5:42am
I'd be careful with the longs. We're building yet another bear continuation wedge on the 5M...until we're not.
  • #261,550
  • Jun 22, 2010 5:44am Jun 22, 2010 5:44am
Quoting Purple
long euro, for rest of the day

edit: aussi is safer bet. long AT .8760, sl .8710, tp .9000

Why long euro for the rest of the day?
  • #261,551
  • Jun 22, 2010 5:48am Jun 22, 2010 5:48am
ill wait for a larger sell off to enter short
  • #261,552
  • Jun 22, 2010 5:48am Jun 22, 2010 5:48am
Quoting PriceVolume
I'd be careful with the longs. We're building yet another bear continuation wedge on the 5M...until we're not.
I would not go long here. I am shorting the upticks and doing fine.
This thing is going to drop a lot more before it bounces.
The trend is our friend. Say it with me now the trend is our friend. That last run-up from about 1.185 is JUST a correction.
Long trend = down
short trend = down

short thay mutha till it bounces with vigor.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #261,553
  • Jun 22, 2010 5:49am Jun 22, 2010 5:49am
Going long @ 1.2250, in anticipation of some support in the 40's

anyone else on this?
  • #261,554
  • Jun 22, 2010 5:49am Jun 22, 2010 5:49am
Quoting hyperion1980
Why long euro for the rest of the day?
i didnt, PA was looking a little bit supportive back there.. went long at aussie instead.. aussi wont cover the gap imo..
  • #261,555
  • Jun 22, 2010 5:51am Jun 22, 2010 5:51am
Waiting for break of bear flag to go short
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  • #261,556
  • Jun 22, 2010 5:53am Jun 22, 2010 5:53am
Quoting MrWhipple
I would not go long here. I am shorting the upticks and doing fine.
This thing is going to drop a lot more before it bounces.
The trend is our friend. Say it with me now the trend is our friend. That last run-up from about 1.185 is JUST a correction.
Long trend = down
short trend = down

short thay mutha till it bounces with vigor.
Hi guys,
Im pretty new to Forex...been there few years before total newbie lost 50k...so Ill give it a new try...right now Im looking for trend indicators.Im using BB and RSI right now but more for Range Trading then for Trend Trading..didnt figure out what indicators to use to define a trend...can you help me out here....
  • #261,557
  • Edited 6:16am Jun 22, 2010 6:00am | Edited 6:16am
I don't have fate in long today ..we already had test of strength in early session today & it didn't pass 23.6 from yesterday ....... i am stuck with shorts till 2150 or below if it somehow menage to brake that level .... now just hopping cowboys will go in my favor
  • #261,558
  • Jun 22, 2010 6:11am Jun 22, 2010 6:11am
Quoting The flame
have a 2263 fibo s2 and 2254 standard s1 support...
I really don't know how to use these fibo things!!! I click at the top of one reasonable candle and finish by clicking on the lowest (nearest to current) candle and I come up with some crap info - nothing ever like you are all talking about. One day I might work it out :-(

Meantime, I shorted at 12266.6 (at 11:11) and seems to be doing ok so far, with a little glitch just now. Am just letting it do its own thing (with some loud warning bells to signal potential disaster) and it seems to be a better idea than sitting on top of things wondering if I should pull out or not. It has till 2 o'clock till I have to quit anyway :-). Let's hope the budget speech doesn't mess with the day!!

Hey it's actually sunny here, have a nice day guys .....
  • #261,559
  • Jun 22, 2010 6:18am Jun 22, 2010 6:18am
My first target is almost reached. Took one lot off the table. Looking for price to bounce near soon, which in case I'll close out the entire short position or price could continue and break past this whole number level in which I'll continue to let my short ride.
  • #261,560
  • Jun 22, 2010 6:20am Jun 22, 2010 6:20am
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should chop of my fingers after i enter a trade....
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