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  • #320,361
  • Nov 5, 2010 2:17pm Nov 5, 2010 2:17pm
the price is sitting on the trendline , no strong rejection so i guess we will break down soon
i like the pin bars on the trend line indicating that trend line is strong
i dont see it here
besides usd index going up
so short should not worry to much in my opinion
have a nice weekend
  • #320,362
  • Nov 5, 2010 2:20pm Nov 5, 2010 2:20pm
Quoting thorr
the price is sitting on the trendline , no strong rejection so i guess we will break down soon
i like the pin bars on the trend line indicating that trend line is strong
i dont see it here
besides usd index going up
so short should not worry to much in my opinion
have a nice weekend
agreed. Descending wedge pattern. I think it's consolidating right now to break the lower trendline clean.
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  • #320,363
  • Nov 5, 2010 2:26pm Nov 5, 2010 2:26pm
Quoting DKallDAY
agreed. Descending wedge pattern. I think it's consolidating right now to break the lower trendline clean.
hope we are right
- gold is hight need to retrace a bit
- usd stocks and eur stock preatty hight as well
- we know how,when and how much QE2 we will have, buy rumors sell the news
- some bad data from EU
- some good from US ( in 2009 good unemployment data have changed the trend)
the problem is i cant sell more
  • #320,364
  • Nov 5, 2010 2:28pm Nov 5, 2010 2:28pm
Pics on my blog which ca be accessed through my signature


I can not say, if this down-move since yesterday is the beginning of a new trend down or if it is only a very deep retracing wave 4 action. I can find arguments for both. If this waves down are a wave 4 correction, wave 4 would now reach into territory of wave 1. Then we would have a ending diagonal for the up-move since end of triangle. That would make perfectly sense. Particularly because the up-move out of the triangle was difficult to count as an impulse. Remember: Ending Diagonals are 3-3-3-3-3



The waves down since yesterday do not count very well as an impulse. On some TF's you can see, for example, 7 waves down, were 9 waves for an impulse should be.



See the excellent work of EWS at http://theelliottwavesufer.blogspot....c-is-done.html for another opinion.



At this point it is best to stay open minded and to not bet the farm.......

Look at Awesome Oscillator and RSI (it is the red line in Awesome Oscillator window). Inside of wave red 1 and 3 we have no clearly highest reading in both of them. Interestingly, even when you look at Awesome Oscillator on the above shown chart where wave C,D and E of the triangle are, you can see Awesome Oscillator levels throughout the chart with nearly the same readings at the peaks. Where are our wave threes? :-)

Now I would like to see a new run up very much, because I missed the oportunity to go short like many other bears which thought, that we were in a wave 4 action with a wave 5 to come.

This Ending Diagonal count is invalidated with a move under 3863.

To short from here has a bad risk reward ratio, especially because we have Friday.
  • #320,365
  • Nov 5, 2010 2:34pm Nov 5, 2010 2:34pm
Quoting kassec
This is possible and I'm sure several people here do achieve this goal. The only issue (in manual trading) for me to close every day on the plus side is self control. My best day during last weeks is 289 pips. Unfortunately, I made so many mistakes the following days, I gave away 300 pips. When analysing my loosers, I usually find I could avoid 90% of them (10% only are "normal" loosers). It's just a matter of not entering too quickly, too late, be in the right trend, having valid targets, etc. I became an expert for closing trades at BE instead...
10,000/pips month

lollllllllllllllllllllllllllllllllll
  • #320,366
  • Nov 5, 2010 2:40pm Nov 5, 2010 2:40pm
Quoting tonyo524
3760 Retest of daily trend!
buy order set for 3600 will manually trigger if need arises, sl will be 3500 tp 4500. Test of 68 fib. Have a nice weekend!
All that is left in FF is just plain garbage. "Cloggie"
  • #320,367
  • Nov 5, 2010 2:40pm Nov 5, 2010 2:40pm
Nah ! can't sit more , all shorts tp set for weekend at 3965 & sl 4048 , not to loose any pips doing so , sl at be , in profit .
trade well all, have good weekend.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #320,368
  • Nov 5, 2010 2:41pm Nov 5, 2010 2:41pm
Quoting GulfCoastPip
Looks like Soros is trying to put us retail guys out of business or at least make it more difficult to earn a buck.

http://www.infowars.com/soros-panel-...e-climate-aid/
What a bunch of a-holes: taxing fx transactions and auctioning pollution permits to pay for global warming? What do fx transactors have to do with global warming? And isn't there something called capital gains and existing tax rates that every citizen of every country pays? And all because the hijacked UN made a pledge for $100B that they had no clue how to pay for?

It's already hard enough to handle pompous asswipes like Soros. Reminds me of that other asswipe Louis Gerstner (of IBM) who last year said: “If you buy something -- a stock or a bond -- in the morning, and you sell in the afternoon, the tax probably ought to be 80 percent. If you hold it for six months, maybe it ought to be 60 percent.” (cited on Bloomberg TV)

It's very telling that this is coming from pretentious pricks who sucked hundreds of millions out of corporations in their lifetime, and are now looking to change the rules not for their replacement comrads, but rather the little people those corporations pay thousands of times less than their own salaries.

Hell, why not just print that money too? Where's the criteria on choosing to take it from the pocket of you & me, who's salaries are declining every day, with cost of living increasing, and only more to come of each? Pricks.

(P.S. - Thanks for point out the news item ... something to think about.)
  • #320,369
  • Nov 5, 2010 2:52pm Nov 5, 2010 2:52pm
Quoting egkid
I always divided my position now last one to add
[email protected]

Catch u next week
PS:If my plan goes fine we will break 1.45 this month November
Well mate, according to swing chart that is also possible. I have closed NFP trade in profit.

I just need a little swing confirmation and a weekly close and Its possible long for me also targeting 4300 at first then 4500 next.

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  • #320,370
  • Nov 5, 2010 2:53pm Nov 5, 2010 2:53pm
I love buying dips in uptrends Don't forget we have a bullish trend and trend is friend Happy weekend
You got to know when to hold 'em, know when to fold'em
  • #320,371
  • Nov 5, 2010 2:53pm Nov 5, 2010 2:53pm
missed the friday rally last few fridays so am taking a chance long for 10 minutes only.
making green pips large and red pips small this is my goal.
  • #320,372
  • Nov 5, 2010 2:55pm Nov 5, 2010 2:55pm
Quoting thorr
the problem is i cant sell more
I think your problem will be the Volume, maybe. Why ? because, currently, the volume is lowest that yesterday and 1.4030 is strong support.

I think, this candle is not reversal signal. Just a repositionning action.
  • #320,373
  • Nov 5, 2010 2:56pm Nov 5, 2010 2:56pm
Sincerely
I dont know what will happen next week
My analysis tell me we test 61% retracement and next come back test 38%...
this is clear to me.

today we had good news, very good, to USD and i saw move down slowly. So the banks did not sell it with strength.

2 - we still are in a trend up channel.

So, i am flat for now but 60% up

good weekend
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  • #320,374
  • Nov 5, 2010 3:01pm Nov 5, 2010 3:01pm
What up fool?
Look Sharp/Trade Tight
  • #320,375
  • Nov 5, 2010 3:03pm Nov 5, 2010 3:03pm
Quoting forexpt
Sincerely
i saw move down slowly. So the banks did not sell it with strength.
+1
  • #320,376
  • Nov 5, 2010 3:08pm Nov 5, 2010 3:08pm
Grabbed 40Pips on Dow and still holding EU

Quoting pipper
Gone long on Dow & EU for a few pips
Disclaimer: Check your 1m charts
  • #320,377
  • Nov 5, 2010 3:11pm Nov 5, 2010 3:11pm
Quoting grashid
http://forex-grashid.blogspot.com/20...arch-2011.html

good luck and happy weekend

g
I am with you . Glad to see some long term traders. Just coz EU drops 250 pips a day, all forums users start to short this pair as usual lol ....

DO NOT SHORT THIS JUST YET. BEWARE!!!
  • #320,378
  • Nov 5, 2010 3:12pm Nov 5, 2010 3:12pm
Japanese doing QE next week... Dow on way to near 12,000 before pull back.. Should see EU rise to 1.44+

P.S. Ireland doesn’t need to raise money this year, its 20 billion euro ($28 billion) cash pile will last until the middle of 2011
Disclaimer: Check your 1m charts
  • #320,379
  • Nov 5, 2010 3:16pm Nov 5, 2010 3:16pm
Quoting Honored
I am with you . Glad to see some long term traders. Just coz EU drops 250 pips a day, all forums users start to short this pair as usual lol ....

DO NOT SHORT THIS JUST YET. BEWARE!!!


1. i dun bother up or down for 100-200pips..wtf...i love quite n safe trade
2. as long as u r not in ranging trade, u r damm bloody safe n less stress
3. i like swing because i have more time to have fun in FF (jking)..but now no more fun as busy with other stuff.
4. long term/swing trader need more patient pill aka karmo pill
5. check this...simple, quite n less stress...how long? n how many pips?
http://forex-grashid.blogspot.com/20...gust-2010.html

good luck n am back to taking my long rest.....zzzzzzzz

g
  • #320,380
  • Nov 5, 2010 3:17pm Nov 5, 2010 3:17pm
Quoting courtt5
I am targeting 1.4035 by close of trading tomorrow
precise shot from the hip
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