The Market pays you to be disciplined
- #21,322
- Nov 5, 2010 2:25pm Nov 5, 2010 2:25pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
You know Karmo? He had a lot patience pills...I took a few times too...
I carry bags of them with me every day
Don't be a hero. Don't have an ego. Always question yourself
- #21,323
- Nov 5, 2010 2:31pm Nov 5, 2010 2:31pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
..... and back to supply, think this will keep till next week
- #21,324
- Nov 5, 2010 2:42pm Nov 5, 2010 2:42pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
l do have a short on cadjpy - will hold this
- #21,326
- Nov 5, 2010 10:06pm Nov 5, 2010 10:06pm
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #21,327
- Edited 8:58am Nov 6, 2010 1:58am | Edited 8:58am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
JP is still shackled with the "Hiroshima complex"...
Call me callous if you want, but that's the truth.
edit : cheeky
- #21,330
- Nov 6, 2010 6:39am Nov 6, 2010 6:39am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
Jesus Christ is my only Lord !
- #21,331
- Edited 9:00am Nov 6, 2010 8:46am | Edited 9:00am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
What do I see here ?
- bulish candlle pattern on weekly, and inverted H&S on daily, price moving in the channel so far...
Peter
let's see if it unfolds as we see it ..
but i still think that this long-term supertanker will take some time to turn the course ... need to do inverse H&S or double or triple bottom on higher time-frame eg. weekly/monthly charts to change course ....
the once clear/ideal path has become abit murky with the QE2 ... need to be on the look out for some uncertainities now ...
- #21,332
- Edited 11:29am Nov 6, 2010 8:56am | Edited 11:29am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
I meant more in the way they still act like vassal to some "other" countries. They were once proud people who now act more like clowns in their effort not to displease their "masters".
forgot to add my usual " cheeky
" in that post .. and oh yeah ... they are replacing themselves with less humans and more robots ...!
cheeky
---------------
but , seriously look at their demograph and their homogenous make-up , and reluctance to allow skilled, semi-skilled and even unskilled immigrants population .....
- #21,334
- Edited 9:42am Nov 6, 2010 9:25am | Edited 9:42am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Interesting that you apply physical laws like inertia to the forex markets...
...but I would say its much more about mass psychology and different interest groups.... once the main psychological barrier has changed, we might see the dam burst in just a few hours/days...
I am just saying: that the downtrend channel is so intact means that there is high stability in this channel that has to be disrupted first.
cheeky
- #21,335
- Nov 6, 2010 9:33am Nov 6, 2010 9:33am
- | Joined Apr 2008 | Status: Trader | 1,171 Posts
u have taken the words out of my mouth ... or rather taken the charts out of my book ...
let's see if it unfolds as we see it ..
but i still think that this long-term supertanker will take some time to turn the course ... need to do inverse H&S or double or triple bottom on higher time-frame eg. weekly/monthly charts to change course ....
the once clear/ideal path has become abit murky with the QE2 ... need to be on the look out for some uncertainities now ...
H&S can make enough to touch the red TL and bounce off it
Peter
Jesus Christ is my only Lord !
the mass also take time to change course ... some will jump first , some will wait and see , some will be doubtful and turn back , when the momentum picks up the others will join ... and of course, like u said , they could also swish like the school of fish in an instant .... well, we have to be ready for anything ..
cheeky
right!
this pig cannot be slaughtered for ever...
or can it? 
- #21,337
- Nov 6, 2010 9:40am Nov 6, 2010 9:40am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
what's that saying again ... ?
oh yeah ... "Genius think alike " or is it "Fools think the same " ?
double cheeky
oh yeah ... "Genius think alike " or is it "Fools think the same " ?
double cheeky
- #21,338
- Nov 6, 2010 12:15pm Nov 6, 2010 12:15pm
Good day traders
from the point of view of the elliot waves usd yen may fall to 75 is a strong chance because it has not paid a monthly contractionary triangle as a requirement to pay 75% of the longest wave of the triangle would be the contractionary wave as shown in the chart.
another possibility is that a possible failure of wave 5 which in theory would make to back off from all the bearish wave 4
I could not make a post for a beginner
from the point of view of the elliot waves usd yen may fall to 75 is a strong chance because it has not paid a monthly contractionary triangle as a requirement to pay 75% of the longest wave of the triangle would be the contractionary wave as shown in the chart.
another possibility is that a possible failure of wave 5 which in theory would make to back off from all the bearish wave 4
I could not make a post for a beginner
