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  • #305,261
  • Oct 12, 2010 4:49pm Oct 12, 2010 4:49pm
Quoting gatorinla
im waiting for agreement.. until i posted already what i saw.
How many hours do you trade gator?
  • #305,262
  • Oct 12, 2010 4:56pm Oct 12, 2010 4:56pm
just something here.
i don't take contrarian trades but i like to keep that in mind.

Nothing last forever that means trends too.
So over the time I like to look on forums sentiment.
Since something like 25-30% of forex trades are E/U most of the traders/investors/hedge look to same TA everybody knows it's a bull run.

So a lot of time we see people at tops or bottoms. people coming in who don't really post a lot. saying.

"don't fight the trend"
"trend is your friend"
and so on.

or
"what happen to all shorts"

The more we go into one direction the louder they get.

Is not the fact that people are not right is the fact that media hype brainwashes traders mind.

Do you guys realize that a JUST a few months ago everybody was saying EUR/USD to parity, EZ is done, Greece is bankrupt. Germany is going out of EUR. Same thing will happen here. USD is trash, toilet paper, don't accept dollar trades, crude oil to be traded in EUR, EUR to be main reserve currency. Amero is coming.

So just keep that in mind.

A trend is a friend until it's not.

Good Trading.

See you guys later.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,263
  • Oct 12, 2010 4:59pm Oct 12, 2010 4:59pm
Jimi Hendrix describes it well.
Inserted Video


Quoting egkid
Current situation of the Market LOL
http://www.youtube.com/watch?v=UFnTq...eature=related
  • #305,264
  • Oct 12, 2010 5:13pm Oct 12, 2010 5:13pm
Quoting Pipwanderer
How many hours do you trade gator?
i don't know..im not a scalper.
those who can, do. those who cant, talk about those who can
  • #305,265
  • Oct 12, 2010 5:15pm Oct 12, 2010 5:15pm
Quoting DMA Trader
just something here.
i don't take contrarian trades but i like to keep that in mind.

Nothing last forever that means trends too.
So over the time I like to look on forums sentiment.
Since something like 25-30% of forex trades are E/U most of the traders/investors/hedge look to same TA everybody knows it's a bull run.

So a lot of time we see people at tops or bottoms. people coming in who don't really post a lot. saying.

"don't fight the trend"
"trend is your friend"
and so on.

or
"what...
Great point. I was trained to look at cot extremes and play the opposite, as cot extremes either mean smart money accumulation or distribution, and a reversal could be imminent.
"when the man on the street is giving me stock advice, it's time to sell" J. Paul Getty
If only I knew then what I know now...
  • #305,266
  • Oct 12, 2010 5:17pm Oct 12, 2010 5:17pm
Well Asia took it up the "harris" yesterday. I wonder if they can repeat yesterday's stella performance..
  • #305,267
  • Edited 5:42pm Oct 12, 2010 5:26pm | Edited 5:42pm
Quoting Leche Mocha
Jimi Hendrix describes it well.
http://www.youtube.com/watch?v=gPveh...1&feature=fvwp
Hendrix, one of the coolest blokes to have ever walked on the planet...

Couple of thoughts re. sentiment, this steep bull climb is now over a month old, it ain't gonna turn on sixpence (dime). Also largest 4 hour tick volume spike since at least early Aug (I don't have older data) came in around last Friday's NFP release.

Good night all, happy pipping...
  • #305,268
  • Oct 12, 2010 5:42pm Oct 12, 2010 5:42pm
a few months ago I was saying buy euro long term ..and i did ,a alittle early at 1.2400 but am reaping the rewards on that now.

Now we have this bull run and it seems that all dips are still being bought for now on the hope of QE@ of 1 trillion being annouced. EU may well maintain its up trend till Nov 3rd fomc meeeting . If there is no qe2 forth coming we can expect a healthy retrace

Target for bull run could be as high as 1.4460 , 1.4000 is major resistance level but if for some reaosn we get a rapid mark up and daily close thru that level then we can expect to see 1,4200 to 1.4460 ish

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 209 KB


Quoting DMA Trader
just something here.
i don't take contrarian trades but i like to keep that in mind.

Nothing last forever that means trends too.
So over the time I like to look on forums sentiment.
Since something like 25-30% of forex trades are E/U most of the traders/investors/hedge look to same TA everybody knows it's a bull run.

So a lot of time we see people at tops or bottoms. people coming in who don't really post a lot. saying.

"don't fight the trend"
"trend is your friend"
and so on.

or
"what...
Blogging daily now at www.volume.zone
  • #305,269
  • Oct 12, 2010 5:47pm Oct 12, 2010 5:47pm
Quoting malcolmb14
a few months ago I was saying buy euro long term ..and i did ,a alittle early at 1.2400 but am reaping the rewards on that now.

Now we have this bull run and it seems that all dips are still being bought for now on the hope of QE@ of 1 trillion being annouced. EU may well maintain its up trend till Nov 3rd fomc meeeting . If there is no qe2 forth coming we can expect a healthy retrace

Target for bull run could be as high as 1.4460 , 1.4000 is major resistance level but if for some reaosn we get a rapid mark up and daily close thru that...
Hi Malcolm. I was thinking of you when I wrote this. another good point about people forgetting how sentiment can change really fast.

What about VSA, how healthy is the uptrend here near 1.39 -1.4 without any retrace.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,270
  • Edited 5:48pm Oct 12, 2010 5:47pm | Edited 5:48pm
Just got home from work, had a browse of me voodoo chicken bones system and it's showing pullback to 3855/60? Is there any evidence to support such a move?
Founder of Sutherland Wave Principle
  • #305,271
  • Oct 12, 2010 5:49pm Oct 12, 2010 5:49pm
Quoting goods
Was this classical buy the rumor sell the news?

There are two trains of thought in the market now that QE2 (despite the protestations of one Fed member) seems inevitable with numbers to the tune of around $500billion being most commonly used: The number is less than this and there is no mention of further action early next year. This would lead to a buy-rumour-sell-fact [...] http://www.forexlive.com/138795/all/...n-and-how-much
Know when to hold em, Know when to fold em!
  • #305,272
  • Oct 12, 2010 5:53pm Oct 12, 2010 5:53pm
ECB's Weber Says China Manipulated Its Currency


NEW YORK (Dow Jones)--A key European Central Bank policy maker said Tuesday that China manipulated its currency.

Speaking at an event hosted by the Foreign Policy Association in New York, Bundesbank President and ECB Governing Council member Axel Weber said China manipulated its currency.

He was addressing China's currency policy in relation to the country's current account surplus and explained that Germany's surplus shouldn't be compared to China's. He credited Germany's surplus to strong production and technology, and stressed the policy differences between the two nations.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #305,273
  • Oct 12, 2010 5:55pm Oct 12, 2010 5:55pm
I am sorry Guys I am short to 13670 , I am maybe wrong
Attached Image (click to enlarge)
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  • #305,274
  • Oct 12, 2010 5:57pm Oct 12, 2010 5:57pm
Short bias here as well... not yet ready to pull the trigger though.
  • #305,275
  • Oct 12, 2010 5:59pm Oct 12, 2010 5:59pm
For those that like Fibs... we are at the 61.8% retracement point for this week.
  • #305,276
  • Oct 12, 2010 6:00pm Oct 12, 2010 6:00pm
After a crazy week ... probably a crazier week coming up ! Patience is key and not to over trade
  • #305,277
  • Oct 12, 2010 6:03pm Oct 12, 2010 6:03pm
Sell 950 buy 855 have to work out what order they'll be
Founder of Sutherland Wave Principle
  • #305,278
  • Oct 12, 2010 6:07pm Oct 12, 2010 6:07pm
Quoting DMA Trader
ECB's Weber Says China Manipulated Its Currency


NEW YORK (Dow Jones)--A key European Central Bank policy maker said Tuesday that China manipulated its currency.

Speaking at an event hosted by the Foreign Policy Association in New York, Bundesbank President and ECB Governing Council member Axel Weber said China manipulated its currency.

He was addressing China's currency policy in relation to the country's current account surplus and explained that Germany's surplus shouldn't be compared to China's. He credited Germany's surplus to...
I do laugh at Central bankers saying that other nations manipulate their currencies..
Its like an alcoholic saying that guy is pissed..
  • #305,279
  • Oct 12, 2010 6:09pm Oct 12, 2010 6:09pm
I really like your quote !
Quoting suthmo
Sell 950 buy 855 have to work out what order they'll be
  • #305,280
  • Oct 12, 2010 6:13pm Oct 12, 2010 6:13pm
Quoting DMA Trader
Hi Malcolm. I was thinking of you when I wrote this. another good point about people forgetting how sentiment can change really fast.

What about VSA, how healthy is the uptrend here near 1.39 -1.4 without any retrace.
all down day on eu futures so far have been tests .. low volume down days
Blogging daily now at www.volume.zone
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