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  • #307,441
  • Oct 15, 2010 4:50am Oct 15, 2010 4:50am
My scenario for today first 1,399 then 1,418, maybe 1,42 and thats where this week ends..
It's friday today
Next week up to 1,435 and on wednesday the real retrace starts.
My intuition tells me that SP500 needs to reach new highs for this year,
before a real retrace starts both on stocks and euro.
  • #307,442
  • Oct 15, 2010 4:51am Oct 15, 2010 4:51am
Quoting uptrendup
Sorry asking this question here, but as more profetionals are here i did.

I want to know who organize the price direction going up or down , is it longs & shorts, or central banks, or brokers ?
Thank you.
The person that told me explained there is a kind of ladder .

I think it starts with the various economys central banks then the normal banks then institutions ,commercials.

As a group retail play a big part but the above can move price on there own.
I might not be totally correct but thats generally what i was told.
making green pips large and red pips small this is my goal.
  • #307,443
  • Oct 15, 2010 4:52am Oct 15, 2010 4:52am
Hey fellow traders… Can anyone here comment about the release of AUD New Motor Vehicle Sales, which would be for release on Monday? I am thinking that the forecast will prove otherwise, and will boost in the next week’s session… Thanks!
  • #307,444
  • Oct 15, 2010 4:53am Oct 15, 2010 4:53am
I know you guys like to go with the trend but... how can you still be comfortable with longs in this ridiculous market???

Yes yes, i know uncle Ben is giving money and its not millions or billions, its much more... Yes i know.
But, do you know how big are the problems here in Europe??

Germany is more worried about the imported inflation ratter than the sustainability of their neighbours, the ones that buy their Audi's, BMW, VW, Opel, Mercedes, .... and also submarines LOL

What they cant see is the result of the kind of speech they are having.
An hawkish speach will move EUR higher and f*** the trade balance, even in Germany.
In US, without a single coin, Ben just gave a bost of 15% on S&P.
Hear, instead of being quiet, they spend their time with sentences like this one:
"ECB's Stark: Keeping Rates Low Too Long May Be Risky"


But the EUR is just part of the problem. I can assure you that Portugal is going into a huge recession, like Greece and Ireland.
This will be the start of the end of the social state here in Europe.

Finally, forget for a while the story of the end of the dollar.
If the dollar ends as the reference currency just tell me where you will be trading commodities.

  • #307,445
  • Oct 15, 2010 4:57am Oct 15, 2010 4:57am
Im done for friday.. Extra cash for my bills.
Going out for a drink.. roti canai.. murtabak n such



Happy trading everyone.. have a nice weekend..

Trade safe.
Attached Image (click to enlarge)
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<<|[[Making $$Money$$ is the matter of Strategy and Opportunity]]|>>
  • #307,446
  • Oct 15, 2010 4:59am Oct 15, 2010 4:59am
Quoting syamrock
Im done for friday.. Extra cash for my bills.
Going out for a drink.. roti canai.. murtabak n such



Happy trading everyone.. have a nice weekend..

Trade safe.
dude you scalpin for 1-2 pips, sweet action
Look Sharp/Trade Tight
  • #307,447
  • Oct 15, 2010 5:00am Oct 15, 2010 5:00am
Quoting j_d
I know you guys like to go with the trend but... how can you still be comfortable with longs in this ridiculous market???

Yes yes, i know uncle Ben is giving money and its not millions or billions, its much more... Yes i know.
But, do you know how big are the problems here in Europe??

Germany is more worried about the imported inflation ratter than the sustainability of their neighbours, the ones that buy their Audi's, BMW, VW, Opel, Mercedes, .... and also submarines LOL

What they cant see is the result of the kind of speech they are having.
An...
  • #307,448
  • Oct 15, 2010 5:05am Oct 15, 2010 5:05am
Quoting syamrock
Im done for friday.. Extra cash for my bills.
Going out for a drink.. roti canai.. murtabak n such



Happy trading everyone.. have a nice weekend..

Trade safe.
donor...
  • #307,449
  • Oct 15, 2010 5:08am Oct 15, 2010 5:08am
Quoting j_d
I know you guys like to go with the trend but... how can you still be comfortable with longs in this ridiculous market???

We are not in control of the market.. we just follow it.. As long as the signs are in there for bull run.. why go against it? A couple a days ago we saw the first sign of weaknes in the bull trend, the bears got stopped and bulls are now running again but need a lot of energy drinks to keep pushing. AND thats why you start to read, in this forum, that people is starting to look for short positions...
We can think all the things we want about the macro data, pounding our chests like cavemen and think we know better.. We still don't have the billion accounts that move the markets..

So don't fight the trend or the big players.. play along and you make money also..
  • #307,450
  • Oct 15, 2010 5:10am Oct 15, 2010 5:10am
Ready for a downmove ?
1,4025 again would be so sweet for a long entry
COT: The precious data ignored
  • #307,451
  • Oct 15, 2010 5:11am Oct 15, 2010 5:11am
Bulls still in control that what i see , I'm only interested in Daily and weekly close.
Can it go 1.42 ? Time will tell
Catch u later & Trade Safe
  • #307,452
  • Oct 15, 2010 5:12am Oct 15, 2010 5:12am
Quoting PayTheLimit
dude you scalpin for 1-2 pips, sweet action
Quoting cannarek
donor...

Just giving my broker extra cash.. they are all my friends anyway..

No harm, its friday..
<<|[[Making $$Money$$ is the matter of Strategy and Opportunity]]|>>
  • #307,453
  • Oct 15, 2010 5:14am Oct 15, 2010 5:14am
Quoting kuroro001
Ready for a downmove ?
1,4025 again would be so sweet for a long entry
Still at Bull threshold. Trade safe bro
Quoting special0nefx
Found Magic no. 4066---> Above long, below short
  • #307,454
  • Oct 15, 2010 5:14am Oct 15, 2010 5:14am
Some weak PA on the 15min just there...
Look Sharp/Trade Tight
  • #307,455
  • Oct 15, 2010 5:17am Oct 15, 2010 5:17am
Quoting PayTheLimit
Some weak PA on the 15min just there...
i managed to get out of my longs after some bullshit thought it was gonna turn around but didn't looking for a nice retracement and go long again
Good Luck FOREX tRADERS
  • #307,456
  • Oct 15, 2010 5:21am Oct 15, 2010 5:21am
Quoting Pipwanderer
Good Fib me too i got out my long pocketed some 60 pips waiting for the news or after. may be a breakout strategy or enter after the news

Good Luck
Watch for whip-saw on breakout...

Good hunting...
  • #307,457
  • Oct 15, 2010 5:24am Oct 15, 2010 5:24am
Quoting special0nefx
Still at Bull threshold. Trade safe bro
Yeh bulls are everywhere, but i'm looking to buy a dip below 1,4050 at least...ideally 1,4025 if it isn't broken
Since the end of the first hour of london, bulls are weaks, and they proved it by trying to go higher without strength
Bulls might let the price fall before taking control again.

We'll see
COT: The precious data ignored
  • #307,458
  • Oct 15, 2010 5:27am Oct 15, 2010 5:27am
Quoting bluesoul
Can you recommend some book on Elliot Wave?
Elliott Wave Principle: Key To Market Behavior by A.J. Frost and Robert R. Prechter
Dynamic Trading: Dynamic Concepts in Time, Price & Pattern Analysis With Practical Strategies for Traders & Investors by Robert C. Miner
  • #307,459
  • Oct 15, 2010 5:29am Oct 15, 2010 5:29am
1.41 failed ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #307,460
  • Oct 15, 2010 5:32am Oct 15, 2010 5:32am
Quoting kuroro001
Yeh bulls are everywhere, but i'm looking to buy a dip below 1,4050 at least...ideally 1,4025 if it isn't broken
Since the end of the first hour of london, bulls are weaks, and they proved it by trying to go higher without strength
Bulls might let the price fall before taking control again.

We'll see
Great, as low no lower low, dig buy is more advantage. I wait for NY open 1st. GL bro
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