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  • #319,561
  • Nov 4, 2010 11:28am Nov 4, 2010 11:28am
Quoting druckenmillr
already in.

sl near .4180.

sl probably too tight but time will tell.
Hello stan ,

Can i ask your reasons for entering long, as price is still making lower highs and lower lows.
As you are a fund manager your entry criteria would be much appreciated thankyou paul
making green pips large and red pips small this is my goal.
  • #319,562
  • Nov 4, 2010 11:34am Nov 4, 2010 11:34am
Quoting druckenmillr
already in.

sl near .4180.

sl probably too tight but time will tell.
Good entry, it may be that it won't drop that low
They think they are smarter than I am.
  • #319,563
  • Nov 4, 2010 11:37am Nov 4, 2010 11:37am
Quoting paul1
Hello stan ,

Can i ask your reasons for entering long, as price is still making lower highs and lower lows.
As you are a fund manager your entry criteria would be much appreciated thankyou paul
the day is very bullish and so is the week.

we are at R1 which happens to be close to .4200 which is the most important of the psych levels.

the market will often pull back around the euro fix and test the upper range during the afternoon session.

PS - i am a fund manger but I'm not the real Stanley Druckenmiller. I'm just using his name. stan quit this year after his fund was down around 10%. No doubt his name and legacy will go down as one of the guys who helped kill the pound and as one of the great hedge fund guys of all time.
  • #319,564
  • Nov 4, 2010 11:44am Nov 4, 2010 11:44am
Wave red 4 might be over, but it might even so run sideways for the rest of the day. Who knows.....


I am not sure if blue 4 is over, because wave blue 5 on 1h chart looks a little bit strange as an impulse.

We can only wait and see, if we are in blue or red 4. Please keep that in mind.....
  • #319,565
  • Nov 4, 2010 11:47am Nov 4, 2010 11:47am
Quoting MisterTrader
http://img87.imageshack.us/img87/6245/eu8h.jpg

Resistance :

1) 1.3982
2) 1.4072
3) 1.4161
4) 1.4271
5) 1.4490

Support :
1) 1.3872
2) 1.3694
3) 1.3489
4) 1.3227


Long 1.3961. Trend is your friend.
For the record : 1.4271 hit today. Must be coincidence....
________________________________ Errare humanum est
  • #319,566
  • Nov 4, 2010 11:52am Nov 4, 2010 11:52am
IRELAND: Finmin giving budget projections, sees fiscal consolidation
of E3-4 bn in 2012, , E3-3.5 bn in '13 and E2-2.5 bn in '14. Gen'l gov't
dent of 101% in 2014. Sees GDP of 1.7% in 2011.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #319,567
  • Nov 4, 2010 11:54am Nov 4, 2010 11:54am
based on candle pattern there was no three white soliders in H1 only two and then the drop and spike before the EU guys talk . Could be a political statment that obama does not whant weak $. Charts reflects everything
Attached Image (click to enlarge)
Click to Enlarge Name: eu5.gif Size: 14 KB
  • #319,568
  • Nov 4, 2010 12:01pm Nov 4, 2010 12:01pm
Quoting druckenmillr
the day is very bullish and so is the week.

we are at R1 which happens to be close to .4200 which is the most important of the psych levels.

the market will often pull back around the euro fix and test the upper range during the afternoon session.

PS - i am a fund manger but I'm not the real Stanley Druckenmiller. I'm just using his name. stan quit this year after his fund was down around 10%. No doubt his name and legacy will go down as one of the guys who helped kill the pound and as one of the great hedge fund guys of all time.
Thanyou stan,

What are the probabilities now we are close to 1.4200 that we may test for the stops below this"00" level say 1.4190/80 .
making green pips large and red pips small this is my goal.
  • #319,569
  • Nov 4, 2010 12:08pm Nov 4, 2010 12:08pm
Given the high market expectations, the US Federal Reserve had no choice but to announce a second tranche of quantitative easing, nicknamed QE2. But the measure is an inevitably blunt instrument for the difficult task of restoring growth and generating jobs. The benefits accruing to America come with burdens for other countries, and both could soon be swamped by the unintended consequences of this unavoidably imperfect policy approach
{Promotion Removed}
  • #319,570
  • Nov 4, 2010 12:10pm Nov 4, 2010 12:10pm
Quoting paul1
Thanyou stan,

What are the probabilities now we are close to 1.4200 that we may test for the stops below this"00" level say 1.4190/80 .
not looking so good for my longs though.

i did add another lot at .4200

there "should" be some bulls coming in now but the herd may be moving to the sidelines.

stan
  • #319,571
  • Nov 4, 2010 12:11pm Nov 4, 2010 12:11pm
may back to 4239 before try further down though higher tf still in strong bull.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #319,572
  • Nov 4, 2010 12:16pm Nov 4, 2010 12:16pm
Quoting druckenmillr
not looking so good for my longs though.

i did add another lot at .4200

there "should" be some bulls coming in now but the herd may be moving to the sidelines.

stan
londons closed may be it was the daily longs closing sent it down.
making green pips large and red pips small this is my goal.
  • #319,573
  • Nov 4, 2010 12:22pm Nov 4, 2010 12:22pm
Print Print Print, Debt Debt Debt, inflation inflation inflation = US dollar trash
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #319,574
  • Nov 4, 2010 12:26pm Nov 4, 2010 12:26pm
Quoting Bootleger
Print Print Print, Debt Debt Debt, inflation inflation inflation = US dollar trash
Tsssss.....Don't tell them.. Shorts still waiting for 0.75...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #319,575
  • Nov 4, 2010 12:27pm Nov 4, 2010 12:27pm
Quoting SkyzerFX
Tsssss.....Don't tell them.. Shorts still waiting for 0.75...
what u mean 0.75
  • #319,576
  • Nov 4, 2010 12:29pm Nov 4, 2010 12:29pm
they dont understand even if we tell them haha

Silver hit 26, nice little move up
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #319,577
  • Nov 4, 2010 12:30pm Nov 4, 2010 12:30pm
u realy hate the dollar..it is so cheap right now..i totally agree
  • #319,578
  • Nov 4, 2010 12:32pm Nov 4, 2010 12:32pm
i am thinking the olny time to trade tomorow is asian...the news will be interesting
  • #319,579
  • Nov 4, 2010 12:33pm Nov 4, 2010 12:33pm
Quoting Bootleger
they dont understand even if we tell them haha

Silver hit 26, nice little move up
ok , will close shorts at 4202 & will look for 4239 befire further down if .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #319,580
  • Nov 4, 2010 12:33pm Nov 4, 2010 12:33pm
Stocks, oil, gold not taking that much hit but EUR crosses (JPY, CHF) are, so once they find support, pair will bounce.
They think they are smarter than I am.
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