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  • #301,221
  • Oct 5, 2010 4:49pm Oct 5, 2010 4:49pm
Quoting mfoste1
do you want my honest opinion?
me do ; p
Hero calls followed by margin calls...
  • #301,222
  • Oct 5, 2010 4:54pm Oct 5, 2010 4:54pm
Quoting mfoste1
ive heard a lot of people calling for 1.50 and 2.0 now!

I top is near, just when? Can I stay sane and solvent till then? time will tell.......
then dont trade.. we got a train wreck coming worse then 2008.
the cheaper usd is just killing Europe's exports. europe is weaker today then they were in 2008. weaker usd makes u.s. exports cheaper.. it takes months (about a quarter) for this to start showing up in gdp/ pmi/inventories/ and employment. and by then its too late.

. but this alone is not so bad. the kick in the nutz is s. korea has taken market share from japan and europe. This kinda sucks cause its durable goods..

the real kick in the nutz is the cheaper usd makes the china real much cheaper then the euro. so even the cheap crap is cheaper. so European consumers will buy cheap china crap rather then ez produced products.

dont worry another crises coming soon.. find the wave and ride it.
those who can, do. those who cant, talk about those who can
  • #301,223
  • Oct 5, 2010 5:01pm Oct 5, 2010 5:01pm
I agree with you!
  • #301,224
  • Oct 5, 2010 5:04pm Oct 5, 2010 5:04pm
atm the day, week, month, pp is below us.
those who can, do. those who cant, talk about those who can
  • #301,225
  • Oct 5, 2010 5:06pm Oct 5, 2010 5:06pm
Quoting forextine
I'm not saying the uptrend can't stay intact, I'm saying straight up uptrend's I feel aren't healthy. I won't argue with you and say I'm right and you're wrong. I don't think the channel EU has had for the past month is sustainable. Straight up, vs up down and then up, is different.

From my experience, it's very difficult to call a top (obviously) but these straight up with not even a small retrace (and no a day of red doesn't mean retrace) isn't sustainable.
Quoting enterfx
There is already. Both Macd and rsi has clear div on h4 and now RSI divergence on the daily.

It's very rare to see the daily RSI over the 70 line for this long period. This combined with over 97% bulls this week should mean something, perhaps dramatic.
The Fall will b dramatic and huge and when happens many will say C the damn big player did it and most of us will b Long and many will lose.

I already have Plan for this but won't rush to say, let's go step by step.
It's all about Time & PA

PS:
I express about my own view and i could b wrong
  • #301,226
  • Oct 5, 2010 5:17pm Oct 5, 2010 5:17pm
Quoting mfoste1
do you want my honest opinion?
I want , Please.
A little beginner trader since 2006
  • #301,227
  • Oct 5, 2010 5:18pm Oct 5, 2010 5:18pm
Look at my view for sell and earn some pips.

http://www.forexrainbow.com/files/sq...gc75qopaht.jpg
A little beginner trader since 2006
  • #301,228
  • Oct 5, 2010 5:23pm Oct 5, 2010 5:23pm
Quoting Mr Hatch
yes, but it's confusing me. areas vary from bottom of trading range to extreeeemly overbought. p=256 that is, but not much different if p=64. i can't call a top convincingly...
I got you :-)

I think, that your historical data on your MT4 goes back to 1997 or so.

Since that time gold nearly always went up, without a trend change in the bigger picture. Here MM can not reasonably calculate the lines. For that we would need more data.

Here is a long time chart of gold. We have to manually draw the lines.

http://www.rohstoff-trader.de/histor...chart_gold.htm
  • #301,229
  • Oct 5, 2010 5:27pm Oct 5, 2010 5:27pm
Quoting Naseri13
I want , Please.

I really don't know when or where a top will be.......could be tomorrow could be a month from now. Its extremely difficult to pick a top. By the time you've actually picked it, you've blown more than half your account, so then with the gains that you make from the fall, you'll just about break even.

The higher and faster this goes the more it hurts EZ. The best thing they can do to survive right now is incite a few more riots, punt some bad numbers out, downgrade some debt, and say they're broke.

Maybe they have been trying to do that? Then the US comes out with this QE bullshit everyday. This is certainly a currency war, a race to the bottom of the currency barrel. All to pay down years of governments spending money they dont have. Markets take no prisoners.
  • #301,230
  • Oct 5, 2010 5:27pm Oct 5, 2010 5:27pm
Quoting infinitus
I got you :-)

I think, that your historical data on your MT4 goes back to 1997 or so.

Since that time gold nearly always went up, without a trend change in the bigger picture. Here MM can not reasonably calculate the lines. For that we would need more data.

Here is a long time chart of gold. We have to manually draw the lines.

http://www.rohstoff-trader.de/histor...chart_gold.htm
that way eliminating p? well, be back in minute.
  • #301,231
  • Oct 5, 2010 5:28pm Oct 5, 2010 5:28pm
http://www.bloomberg.com/news/2010-1...y-spiral-.html
  • #301,232
  • Oct 5, 2010 5:33pm Oct 5, 2010 5:33pm
Hello altogether,

with the count in my last post on my blog I have headache. Yes, one can count it this way if you do not look to close.

Sometimes a not so close look may help. But this time, even on 5 or 15 min TF I find this count a little bit streched.

If you can not count a clear impulse, it is likely correctiv. Repeat this 100 times.........

So I want provide this count. The difference is, that the wave down, which is now underway, may retrace much deeper.


Now it depends, if we get a running flat or a expanded flat.

If it will make a expanded flat, target could very well be 1.3550.

If it will trace out a running flat, than I think it will stop at the base channel, maybe between 1.3794 (which is Pivot on MM at several P values) or 1.3733


I give it a high likelihood, that it will respect the base channel.

If you need the pictures, visit my blog, which address can be find below.
  • #301,233
  • Oct 5, 2010 5:36pm Oct 5, 2010 5:36pm
Quoting gatorinla
atm the day, week, month, pp is below us.
Holy crap...what kind of crack is the Fed smoking? I'd be worried if I didn't have every Euro short balanced with a long gold position.....
  • #301,234
  • Oct 5, 2010 5:37pm Oct 5, 2010 5:37pm
Quoting mfoste1
I really don't know when or where a top will be.......could be tomorrow could be a month from now. Its extremely difficult to pick a top. By the time you've actually picked it, you've blown more than half your account, so then with the gains that you make from the fall, you'll just about break even.

The higher and faster this goes the more it hurts EZ. The best thing they can do to survive right now is incite a few more riots, punt some bad numbers out, downgrade some debt, and say they're broke.
eu setting should be start a fresh entry after next week monday close for a clear direction...for those who looking lower risk trade..

atm for swinger like me is just for closing some n bank in some while its already touch weekly 50%...n balance are for locking while waiting this week close....

i believe look at other pair like UJ & AUDUSD should be good with some oppurtunity i think....

GU for me should be becarefull with today London open as it still in ranging between 1.57-1.59 area...still unclear decision as market waiting for the interest rate decision n 'something'...

but i totally not suprice if BOE cut the rate n could change all the trend....cutting interest is one of the trend for some central bank atm...why? because BOJ started then the rest follow....mm..more than that...too long to elaborate...RBA,RBZ,BOE & BOC under fire atm after shock action from BOJ yesterday....

Am pause EU n GU starting by today n shift to audusd n UJ for my swing setting if i could get it....

Yesterday is a good day for me especially on AUDUSD...scalping a few pips on Uj n GU also look not bad....but not today....scalping is quite risky i think....

bb in Asian Lunch....something interesting should happen today between asian open to london open with +/- ~1-2 hr....
  • #301,235
  • Oct 5, 2010 5:40pm Oct 5, 2010 5:40pm
1.3913 looks like a good short on eu to me for a couple of weeks. I don't see the next big fall coming till early next year though. DX should not find a solid bottom till January or February 2011.
  • #301,236
  • Oct 5, 2010 5:42pm Oct 5, 2010 5:42pm
Quoting infinitus
I got you :-)

I think, that your historical data on your MT4 goes back to 1997 or so.

Since that time gold nearly always went up, without a trend change in the bigger picture. Here MM can not reasonably calculate the lines. For that we would need more data.

Here is a long time chart of gold. We have to manually draw the lines.

http://www.rohstoff-trader.de/histor...chart_gold.htm
it just finished at 1316.11... i got 1350.88 next... but the boxes and levels in them will be tough..w/o retrace.
Attached Image
those who can, do. those who cant, talk about those who can
  • #301,237
  • Oct 5, 2010 5:42pm Oct 5, 2010 5:42pm
Quoting mfoste1
ive heard a lot of people calling for 1.50 and 2.0 now!

I top is near, just when? Can I stay sane and solvent till then? time will tell.......
When?.....
A lot of 5min charts into the future
  • #301,238
  • Oct 5, 2010 5:47pm Oct 5, 2010 5:47pm
Quoting amyc
1.3913 looks like a good short on eu to me for a couple of weeks. I don't see the next big fall coming till early next year though. DX should not find a solid bottom till January or February 2011.
NO..it have 2 point..one is from here n another one from my gate# 4...but definetely not 1.5 or 1.6

what is my gate # 4?..go n find out from my previous post or at my blog....wont mentioned the same thing again n again....


so current situition is in the junction...short/long with tight SL for those who brave enough with good mm....good luck

g
  • #301,239
  • Oct 5, 2010 5:48pm Oct 5, 2010 5:48pm
Quoting grashid
eu setting should be start a fresh entry after next week monday close for a clear direction...for those who looking lower risk trade..

atm for swinger like me is just for closing some n bank in some while its already touch weekly 50%...n balance are for locking while waiting this week close....

i believe look at other pair like UJ & AUDUSD should be good with some oppurtunity i think....

GU for me should be becarefull with today London open as it still in ranging between 1.57-1.59 area...still unclear decision as market waiting for the interest...
dont they call this a death cross? when 100 200 week mas cross above price........dow crossing as well this week. In fact, just about every world index looks similar. Oil looks to have completed a diamond top on the weekly.
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  • #301,240
  • Oct 5, 2010 5:49pm Oct 5, 2010 5:49pm
Quoting gatorinla
atm the day, week, month, pp is below us.

We have a downsloping RSI channel on H4. It topped on Sept 22nd. Also notice that since the week of Sept 13th, eu has traded above the mid boilinger band which is highly unusual. tic toc .



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