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  • #293,101
  • Sep 16, 2010 7:34pm Sep 16, 2010 7:34pm
Quoting The Fool
oil is just bouncing around $75 last 3 months - kind of a snooze. Supposedly inventories been down, but who trusts those numbers? You'd exepect a little action with hurricnes in the oil patch, but even that has been adagio. All of the oil data is just made up and agreed to over coffee on a daily basis anyway.

And E/U - its just barbwire until somebody sneak attacks a breakout on the back of some earth-shattering news - PIIGs bond spreads Goldman Basel III BoJ etc blahdeblah.

You just flip a coin & hope to be on the right side with big hands...
Haha at least their consuming coffee and thus "stimulating" the economy. I agree with you its all a scam, it looks like they are all just waiting for some "event" they know about but we don't.
  • #293,102
  • Sep 16, 2010 7:37pm Sep 16, 2010 7:37pm
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif

2010-09-16_18h35_ EURUSD _ 240min _ (MACD).PNG (27.3 KB)


20 minutes aprox. left ... and this H-4 candle will close ...

This is not a candle pattern which suggests having a lot of fun with the upside ...

http://cdn.forexfactory.com/images/attach/png.gif

2010-09-17_02h31_ EURUSD _ 180min _ (MACD).PNG (18.4 KB)



As you can see ... the upwards potential is limited atm ... but as long as 1.3063 - 1.3057 or 1.3030 might hold ... one more push towards 1.3106/13 or 1.3131/38 is still in the cards ... but later we do expect a move towards below 1.3030 - 1.3009 and even a move towards below 1.2997/93 is in cards in case of an extention at least.

Only a breach of above 1.3161 (which is an Elliott projection from 1.264x area) and our beloved FIB-RETRACE 78.6% at least, sitting in at 1.3174 (!), could lead us higher ... unlikely atm imho ...

;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-17_02h31_ EURUSD _ 180min _ (MACD).PNG Size: 18 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #293,103
  • Sep 16, 2010 7:47pm Sep 16, 2010 7:47pm
watching 30612 then possibly 30547 for rejection
those who can, do. those who cant, talk about those who can
  • #293,104
  • Sep 16, 2010 7:52pm Sep 16, 2010 7:52pm
Quoting Masrim
So the economy is just a huge scam and bully contest. Now the question is , does it really matter? Surely you could argue about the rationality of this all, or ethical issues etc, but the only relevant question is just how effective is it? So far the track record is good.
Yah, i think that world economy is like a bunch of idiotic, drunk children squabling over a few meters of pavement covered in theyre own feces.

However if the track record is good? Do you think that the mind of the general public is healthy? Do you consider the wievs of youre fellow countrymen well founded and sane? Do you consider what we teach our kids in school all good stuff? If yes to this, then yes, the track record is good. Im not so convinced though.
My signature is: "Classified".
  • #293,105
  • Sep 16, 2010 7:56pm Sep 16, 2010 7:56pm
Quoting gatorinla
watching 30612 then possibly 30547 for rejection
bears have respect. now lets see if bull have a gasp..
those who can, do. those who cant, talk about those who can
  • #293,106
  • Sep 16, 2010 8:00pm Sep 16, 2010 8:00pm
Quoting yaed
Yah, i think that world economy is like a bunch of idiotic, drunk children squabling over a few meters of pavement covered in theyre own feces.

However if the track record is good? Do you think that the mind of the general public is healthy? Do you consider the wievs of youre fellow countrymen well founded and sane? Do you consider what we teach our kids in school all good stuff? If yes to this, then yes, the track record is good. Im not so convinced though.
With good I meant effective. I'm not talking ethical issues at all. And effective means exactly the stuff you've been talking about, pacifying the masses and keeping them as confused as possible. That's the way to sustain the system. And then I think people actually like it. Look at them, most are relatively happy with their lives. At least happy enough not to be angry. It's the social contract.
The only threats arise when the public mood drops due to some unforeseen event such as a Wall Street casino(read Lehman Brothers) failing or something, that's what the swindlers call a "recession", but it really is just a strain in the system, because the public mood isn't pacified enough. So they conjure some more illusionary money, scam and bully the masses and it's okay again. From a morally neutral point of view it looks like an effective, self sustaining system.
  • #293,107
  • Sep 16, 2010 8:05pm Sep 16, 2010 8:05pm
either 31188 or 30059.. st both plus slip..
those who can, do. those who cant, talk about those who can
  • #293,108
  • Sep 16, 2010 8:11pm Sep 16, 2010 8:11pm
Quoting Masrim
With good I meant effective. I'm not talking ethical issues at all. And effective means exactly the stuff you've been talking about, pacifying the masses and keeping them as confused as possible. That's the way to sustain the system. And then I think people actually like it. Look at them, most are relatively happy with their lives. At least happy enough not to be angry. It's the social contract.
The only threats arise when the public mood drops due to some unforeseen event such as a Wall Street casino(read Lehman Brothers) failing or something,...
I see, well then we are on the same page. A funny sidenote is this: I was at Lehman brothers office 3 weeks before they went belly up, doing some work with my company for a another company that they hired, which in turn hired my company to do the actual work. My invoice got paid, but not the one that the company that hired me who had to bill Lehman didnt

There where a lot of chessplaying and sighing going on when i was there. The only dudes actually working seem liked the boss and one project manager out of 20 people. The boss was on the phone and i overheard him saying: "We need to keep it going for a few weeks more." Its a funny thing that the company that hired med to go there didnt even know what they did at this office. It would seem they where coding EAs there, and such.
My signature is: "Classified".
  • #293,109
  • Sep 16, 2010 8:14pm Sep 16, 2010 8:14pm
Quoting gatorinla
bears have respect. now lets see if bull have a gasp..
bulls, bears - where? 12-pip range Tokyo Friday just Mrs. Watanabe & her extra noodle money
"If The Fool persists in his Folly he will become wise." - William Blake
  • #293,110
  • Sep 16, 2010 8:14pm Sep 16, 2010 8:14pm
Quoting yaed
I see, well then we are on the same page. A funny sidenote is this: I was at Lehman brothers office 3 weeks before they went belly up, doing some work with my company for a another company that they hired, which in turn hired my company to do the actual work. My invoice got paid, but not the one that the company that hired me who had to bill Lehman didnt

There where a lot of chessplaying and sighing going on when i was there. The only dudes actually working seem liked the boss and one project manager out of 20 people. The boss was on the phone...
Hahaha, that's hillarious man Wish I was there to see them
  • #293,111
  • Sep 16, 2010 8:18pm Sep 16, 2010 8:18pm
Quoting gatorinla
watching 30612 then possibly 30547 for rejection

dp is 3055 as well
  • #293,112
  • Sep 16, 2010 8:18pm Sep 16, 2010 8:18pm
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now
who raped silver !
  • #293,113
  • Sep 16, 2010 8:23pm Sep 16, 2010 8:23pm
http://www.actionforex.com/markets/p...2010040848154/
  • #293,114
  • Sep 16, 2010 8:30pm Sep 16, 2010 8:30pm
Quoting enterfx
dp is 3055 as well
yes its close. 3061 is higher... both are paths to 30057 as well as 30677.. but bulls may not be finished.. they may still want the 1.5 pips they were denied. 3061 is the center of st mofu. lots of unwilling sex there.
Attached Image (click to enlarge)
Click to Enlarge Name: bear 1.PNG Size: 26 KB
those who can, do. those who cant, talk about those who can
  • #293,115
  • Sep 16, 2010 8:33pm Sep 16, 2010 8:33pm
Quoting kfx3001
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now
You're in the wrong place - traders are all over the map here, you'll just get confused. Try one of the threads where a more or less consistent method is preached - the following as good as any:

http://www.forexfactory.com/showthread.php?t=2331

Then, just trade tiny amounts. You should assume you are going to lose whatever it is you put up, so just keep it small.

Good luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #293,116
  • Sep 16, 2010 8:38pm Sep 16, 2010 8:38pm
Quoting gatorinla
yes its close. 3061 is higher... both are paths to 30057 as well as 30677.. but bulls may not be finished.. they may still want the 1.5 pips they were denied. 3061 is the center of st mofu. lots of unwilling sex there.
see.. im sure some scalpers just got burned. just a trap
those who can, do. those who cant, talk about those who can
  • #293,117
  • Sep 16, 2010 8:40pm Sep 16, 2010 8:40pm
Quoting kfx3001
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now
Hi

Follow youre mind and let that make the patterns. Have you considered long or short term trading to begin with?
My signature is: "Classified".
  • #293,118
  • Sep 16, 2010 8:43pm Sep 16, 2010 8:43pm
Quoting gatorinla
yes its close. 3061 is higher... both are paths to 30057 as well as 30677.. but bulls may not be finished.. they may still want the 1.5 pips they were denied. 3061 is the center of st mofu. lots of unwilling sex there.


LOL. 61 held. Looks like bull want their share now.
  • #293,119
  • Edited 8:59pm Sep 16, 2010 8:49pm | Edited 8:59pm
Quoting kfx3001
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now

Ha ...

I just saw your suggestion ... and took that as a reason to plot out a BAR CHART here ...

Well ... good question ... do you really believe this is a place to find such things ?

Anyway ... here is a Bar Chart of EU ... with my kind of views ...

And you are right somehow ... as long as I do remember ... Bar Charts was mainly used in our rooms ... btw ... I am doing that as long as you ...



http://cdn.forexfactory.com/images/attach/png.gif

2010-09-17_03h40_ EURUSD _ 180min _ (BAR CHART).PNG (25.3 KB)


As you can see ... the upwards potential is limited atm ... but as long as 1.3063 - 1.3057 or 1.3030 might hold ... one more push towards 1.3106/13 or 1.3131/38 is still in the cards ... but later we do expect a move towards below 1.3030 - 1.3009 and even a move towards below 1.2997/93 is in cards in case of an extention at least.

Only a breach of above 1.3161 (which is an Elliott projection from 1.264x area) and our beloved FIB-RETRACE 78.6% at least, sitting in at 1.3174 (!), could lead us higher ... unlikely atm imho ...

;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-17_03h40_ EURUSD _ 180min _ (BAR CHART).PNG Size: 25 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #293,120
  • Sep 16, 2010 8:51pm Sep 16, 2010 8:51pm
Quoting kfx3001
Hi All,

I am a newbie to trading and despite forking out for a course and made some good trades i am back to losing again and cannot seem to find patterns to follow. Is there anyone ok to help me out on this Thread as to are we looking for breaks of support to sell or buy.... I hope someone can guide me out of this rut now
Like thefool said, it's not the right thread here, everyday half people are short, the other half is long.
What kind of system do you use ? any indicators ? naked chart ?
COT: The precious data ignored
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