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EURUSD

  • #263,061
  • Jun 24, 2010 4:44pm Jun 24, 2010 4:44pm
morning all
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #263,062
  • Jun 24, 2010 4:47pm Jun 24, 2010 4:47pm
i got stopped out two times the third i closed with a loss then got angry and left the pc... could believe how quick the 17 sl had been hit...
  • #263,063
  • Jun 24, 2010 4:49pm Jun 24, 2010 4:49pm
Quoting Vladimir1987
i got stopped out two times the third i closed with a loss then got angry and left the pc... could believe how quick the 17 sl had been hit...
Makes you feel like "they're" gunning for you, eh? May I ask what timeframe you trade?
  • #263,064
  • Jun 24, 2010 4:55pm Jun 24, 2010 4:55pm
I normally trade the 5MIN myself, and have fallen back on the 30MIN due to the EUR acting in a whipsaw on the smaller charts.

So, it's udnerstandable. It took me 3-4 stops loss strikes before I realized it was time to move.

Once volatility settles down, as it always does, then I will move back to the fives.
Capital Preservation is key to long term wealth accumulation
  • #263,065
  • Jun 24, 2010 4:58pm Jun 24, 2010 4:58pm
The Holy Grail is this: to know when NOT to trade.

E/U is in a bitchy zone


I couldn`t find any entry today





Quoting Vladimir1987
i got stopped out two times the third i closed with a loss then got angry and left the pc... could believe how quick the 17 sl had been hit...
Follow the Trend, thats all
  • #263,066
  • Jun 24, 2010 4:58pm Jun 24, 2010 4:58pm
Attached Image (click to enlarge)
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  • #263,067
  • Jun 24, 2010 5:00pm Jun 24, 2010 5:00pm
Quoting gatorinla
i guess alls fair in love and war. the guys who plotted this from charts are wrong. the guys with a crystal ball and knew intervention was gonna happen there, took this one. it happens. but to believe intervention is on your charts before it happens is a fantasy. but alls fair in love and war. they should pat their backs. i was lucky enough to exit before. but it was luck. nothing more for me.
the red dot helped too.
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those who can, do. those who cant, talk about those who can
  • #263,068
  • Jun 24, 2010 5:00pm Jun 24, 2010 5:00pm
i do 5min trades... but must admit it was also my fault for that didnt obey the rules of entry...
  • #263,069
  • Jun 24, 2010 5:01pm Jun 24, 2010 5:01pm
Quoting gatorinla
i guess alls fair in love and war. the guys who plotted this from charts are wrong. the guys with a crystal ball and knew intervention was gonna happen their took this one. it happens. but to believe intervention is on your charts before it happens is a fantasy. but alls fair in love and war. they should pat their backs. i was lucky enough to exit before. but it was luck. nothing more for me.
Gator, from what I've seen (and read from others), central bank intervention tends to occur at logical TA points. This makes sense, because central banks are going to have traders that are familiar with technical analysis executing those trades. Intervening at those points gets central banks the most bang for the buck, as you and I aren't going to know that a central bank's intervening.
The one central bank that I've seen simply using brute force is SNB. At various times when the EURCHF hit critical levels over the last six months, their intervention was very obvious.

As far as which central bank intervened, I disagree with zerohedge that it was the ECB; my guess is that it was likely China (converting USD to EUR) as the EU is China's largest trading partner, or even the Federal Reserve. It's really in the ECB's best interest to devalue the EUR - just not too fast.

Just my 2 centavos; take it for what it's worth. Not tradeable; the pessimists out there can file this post in the Cliff Claven category.
  • #263,070
  • Jun 24, 2010 5:10pm Jun 24, 2010 5:10pm
Quoting gatorinla
s/p and dow. things are not looking peachy atm.
the blue box to the left show last time the indi popped.
the difference this time is we are much lower then the last time.
unlike last time (we were above then) we are under the 50. 100, 200, 365 sma.
also the 50sma has crossed all those.
the 100 is also attempting to cross the 200 on the dow.
it has already crossed on the s/p..
make of it what you like.
it dont look pretty.
quarter close next week.
things may get crazy.
update. not looking good. even with intervention things got worse. what would have happened w/o it?
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those who can, do. those who cant, talk about those who can
  • #263,071
  • Jun 24, 2010 5:13pm Jun 24, 2010 5:13pm
Hi your upTL is a minor support



Quoting Grom
Attachment
Follow the Trend, thats all
  • #263,072
  • Jun 24, 2010 5:15pm Jun 24, 2010 5:15pm
Quoting iflyjetzzz
Gator, from what I've seen (and read from others), central bank intervention tends to occur at logical TA points....
ecb? maybe... but who's stock market was saved?
those who can, do. those who cant, talk about those who can
  • #263,073
  • Jun 24, 2010 5:18pm Jun 24, 2010 5:18pm
removed cause it was a shit post
those who can, do. those who cant, talk about those who can
  • #263,074
  • Jun 24, 2010 5:22pm Jun 24, 2010 5:22pm
Quoting gatorinla
update. not looking good. even with intervention things got worse. what would have happened w/o it?

What do you think next quarter will bring us?
I think that these talks about recovery are just mud around real depresion that is yet to come.
  • #263,075
  • Jun 24, 2010 5:28pm Jun 24, 2010 5:28pm
First is zoomed out 4hr chart then zoomed in.
Attached Image(s) (click to enlarge)
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  • #263,076
  • Jun 24, 2010 5:28pm Jun 24, 2010 5:28pm
Quoting guzda
What do you think next quarter will bring us?
I think that these talks about recovery are just mud around real depresion that is yet to come.
*L* we have been in a depression since 2008.. the market went up to 14k in 2007 by raping the usd. it was all bs.. now the bill is do..
those who can, do. those who cant, talk about those who can
  • #263,077
  • Edited 6:24pm Jun 24, 2010 5:28pm | Edited 6:24pm
watching the yellow trend line for break it seems tough
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ブードゥー教
  • #263,078
  • Jun 24, 2010 5:32pm Jun 24, 2010 5:32pm
THANKS MAN

this avatar is much better than your last

BTW you can delete this TL.

Take the one from h4

Quoting Voodoo
watching the yellow trend line for break it seems tough

http://img690.imageshack.us/img690/5365/an7.gif
Follow the Trend, thats all
  • #263,079
  • Jun 24, 2010 5:36pm Jun 24, 2010 5:36pm
Quoting pauly
THANKS MAN

this avatar is much better than your last

BTW you can delete this TL.

Take the one from h4
yes i like this avatar too looks cool . you mean the up red one ? it is already there i made it visible on H1 .
ブードゥー教
  • #263,080
  • Jun 24, 2010 5:37pm Jun 24, 2010 5:37pm
Quoting gatorinla
*L* we have been in a depression since 2008.. the market went up to 14k in 2007 by raping the usd. it was all bs.. now the bill is do..
We have been in a recesion in the end of the 2007 when mortgage crisis came out, then depression, and now in recesioned depression...
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