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  • #275,121
  • Edited 9:12pm Jul 26, 2010 8:53pm | Edited 9:12pm
Quoting SaviorSix
Bull flag on the 1H ? Could this be consolidation before another move up towards at least 3028....
At the begining of this week I was looking for a higher price to short and on Sunday night I took a short on Euro only to see it go to 400 USD profit and than turning into a 600 USD loss.

I did a cutloss and now I am long from 129.67 with SL at BE, which I might edit from time to time lower if I see just a consolidating drop. I think we are heading to 133.50 area this week and might see 132 today NY mid afternoon, 2PM EST.
  • #275,122
  • Jul 26, 2010 9:15pm Jul 26, 2010 9:15pm
Guess you have to be happy so far.
  • #275,123
  • Jul 26, 2010 9:25pm Jul 26, 2010 9:25pm
hi
Attached Image (click to enlarge)
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Founder of Sutherland Wave Principle
  • #275,124
  • Jul 26, 2010 9:28pm Jul 26, 2010 9:28pm
Quoting suthmo
hi
so you think it will go down?
  • #275,125
  • Jul 26, 2010 9:33pm Jul 26, 2010 9:33pm
Quoting DeafPipster
so you think it will go down?
I am guessing and preying on this one. Was mainly pointing out the wedge as incase u couldn't see it.
Founder of Sutherland Wave Principle
  • #275,126
  • Jul 26, 2010 9:45pm Jul 26, 2010 9:45pm
I think that euro can't go higher, until the resistance on EUR/GBP is strong, so how this formation will realise: By the Pound rising or euro will go down?
That's the question
http://4.bp.blogspot.com/_LbKfbdL8RY...0%BD%D1%82.gif
  • #275,127
  • Jul 26, 2010 9:46pm Jul 26, 2010 9:46pm
G'day folks.

Back from my mini-vacation. How y'all been?

Quoting Jay Walker
No time to elaborate or to argue on the method...or the madness.

I'm long from 1.2951 as of a couple minutes ago on the daily chart.
I know, that was such a bad idea
Not all sins are created equal
  • #275,128
  • Jul 26, 2010 9:56pm Jul 26, 2010 9:56pm
You are too funny to be hating on Jay. Now the question is... who's number are you posting?
  • #275,129
  • Jul 26, 2010 9:57pm Jul 26, 2010 9:57pm
Quoting SNS, Inc
You are too funny to be hating on Jay. Now the question is... who's number are you posting?
It's really my number. Try if you don't believe me.

It worked for Ronnie.

Quoting Ronald Raygun
Just called the number.

It's confirmed legitimate.
Not all sins are created equal
  • #275,130
  • Jul 26, 2010 10:04pm Jul 26, 2010 10:04pm
Quoting Jay Walker
G'day folks.

Back from my mini-vacation. How y'all been?



I know, that was such a bad idea
what up jay? where'd you go for vaca?

good call on the long btw
  • #275,131
  • Jul 26, 2010 10:06pm Jul 26, 2010 10:06pm
Now that i can post and don't have to wait for the moderator to read and "approve, maybe I'll get a response to this question.

I am trying to decide between doing spot and futures. I know people who do both. Both have done well enough to make a living at it. What do many of you trade and do you have an opinion of which one is better? Or.. is it the old 6 in one, 1/2 dozen in the other.

Thanks. by the way.. I admit to being a newbie at this... but hoping to learn slow and steady.
  • #275,132
  • Jul 26, 2010 10:11pm Jul 26, 2010 10:11pm
it is my chart .give me your suggestion .thinks
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A chart helps those who can read it.
  • #275,133
  • Jul 26, 2010 10:12pm Jul 26, 2010 10:12pm
My current trade (11pm EST) is for a short on EUR/USD @ 1.3011 which I'm just planning to hold for the next 3-4 hours to scalp some pips, but from the looks of things, when that market opens in london at 3am EST things are gonna get very bullish so I'm gonna do a buy order around that time when I get to the lowest point. Its definitly channeling right now and trying to pass previous resistances. I'd say for the next few hours we're gonna see it come down a bit, maybe to the 2960-ish level and at that point after I scalp my pips i'm gonna reverse and do a buy order at around that point with a SL of around 30 pips.

Lets see what happens
  • #275,134
  • Jul 26, 2010 10:12pm Jul 26, 2010 10:12pm
Quoting mfoste1
what up jay? where'd you go for vaca?

good call on the long btw
I went to watch speedy cars in Edmonton, Alberta Canada to the Indy race.

I was right behind Simona DeSilvestro's pit. She's pretty.
Not all sins are created equal
  • #275,135
  • Jul 26, 2010 10:19pm Jul 26, 2010 10:19pm
Oye... the trading gods just do not want to give a break lately do they... hehe.
  • #275,136
  • Jul 26, 2010 10:27pm Jul 26, 2010 10:27pm
Quoting Venice
Oye... the trading gods just do not want to give a break lately do they... hehe.
http://i3.photobucket.com/albums/y88..._hates_you.jpg
Not all sins are created equal
  • #275,137
  • Jul 26, 2010 10:28pm Jul 26, 2010 10:28pm
This is weird, the euro is making new highs on the assian sessions and doesnt give a break.
  • #275,138
  • Jul 26, 2010 10:31pm Jul 26, 2010 10:31pm
Quoting Jay Walker
http://i3.photobucket.com/albums/y88..._hates_you.jpg
lol
  • #275,139
  • Jul 26, 2010 10:34pm Jul 26, 2010 10:34pm
there is no trend next few hours ,until the london open ..
A chart helps those who can read it.
  • #275,140
  • Jul 26, 2010 10:35pm Jul 26, 2010 10:35pm
Quoting geniusztc
there is no trend next few hours ,until the london open ..
We are goin to 1.32- 1.33 heres an easy 3k
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