AUD, Dow, S&P all crashing down after activation of the equity double top and bad data.
- #271,742
- Jul 15, 2010 9:07am Jul 15, 2010 9:07am
Abysmal US industrial data, and a very good day for equity shorts and ... EUR bullsExcellent!
- #271,743
- Jul 15, 2010 9:08am Jul 15, 2010 9:08am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #271,744
- Jul 15, 2010 9:11am Jul 15, 2010 9:11am
trying to interpret what's that mean...are ready to go Long? (is that what you are trying to say)...because wanted to open sell
- #271,746
- Jul 15, 2010 9:14am Jul 15, 2010 9:14am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #271,747
- Jul 15, 2010 9:15am Jul 15, 2010 9:15am
..............As for the EUR I've been forecasting longs there since the consolidation yesterday. Now the moves are almost over though and I suggest we wait before entering postions. If you don't have any open positions, better stay aside till these moves are over and later you can decide what to do.
- #271,750
- Jul 15, 2010 9:18am Jul 15, 2010 9:18am
thanks for the advice mate...i'll remember that to stay aside. I wish I had a real mentor to learn trading, face to face. But learning here is fun too, it was great learning process here...
- #271,753
- Jul 15, 2010 9:19am Jul 15, 2010 9:19am
MASRIM, how long are you going to hold you AUD short??
- #271,757
- Jul 15, 2010 9:26am Jul 15, 2010 9:26am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
EU is rallying and probably will until we get closer to 7/23/10. Funny how they choose a Friday to disclose "stress test" results. Will they wait till late afternoon for news release and hope everyone forgets once the weekend comes.
Anyway my daily chart is anticipating a possible reversal around 7/21/10 give or take a day. 6 time cycles land on 20th or 21st as well as the Wave C target zone.
Remember though it is better to be profitable than to be right. I see a lot of posts about how everyone doubted me and look how right I was - kind of sh*t. The naysayers are always around. Trade your plan, plan your trade, ignore the rest.
Anyway my daily chart is anticipating a possible reversal around 7/21/10 give or take a day. 6 time cycles land on 20th or 21st as well as the Wave C target zone.
Remember though it is better to be profitable than to be right. I see a lot of posts about how everyone doubted me and look how right I was - kind of sh*t. The naysayers are always around. Trade your plan, plan your trade, ignore the rest.
