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  • #324,381
  • Nov 11, 2010 6:05pm Nov 11, 2010 6:05pm
With you, Skyzer, setting up my longs also along the line, soon they will pay nicely!

Getting closer to buying my penthouse and then start a trading team here in Mexico.


Quoting SkyzerFX
You wanna check back next week? While that G-20 Mafia talking in Seoul

Dollar will be kept strong and markets hammered.. That's why I'm buying

now.. ok? And you can sell for another I don't know 20-30 pips... It's ok..

Dollar is dead. Period.
  • #324,382
  • Nov 11, 2010 6:08pm Nov 11, 2010 6:08pm
Watch other currencies as well. What you think EU will go to 1.33

and others just going to go up? Check Cable, Check AUD, check I don't

know CAD, whatever.. This is only some EUR pouning for some

reason.. Anyways, shorts, Friday is your last day.. Enjoy..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #324,383
  • Nov 11, 2010 6:09pm Nov 11, 2010 6:09pm
"Remember that liquidity is poor so moves will be exagerated"
  • #324,384
  • Nov 11, 2010 6:10pm Nov 11, 2010 6:10pm
Quoting Freddyfx
With you, Skyzer, setting up my longs also along the line, soon they will pay nicely!

Getting closer to buying my penthouse and then start a trading team here in Mexico.
Ok, Freddy, sounds good
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #324,385
  • Nov 11, 2010 6:11pm Nov 11, 2010 6:11pm
Quoting SkyzerFX
Watch other currencies as well. What you think EU will go to 1.33

and others just going to go up? Check Cable, Check AUD, check I don't

know CAD, whatever.. This is only some EUR pouning for some

reason.. Anyways, shorts, Friday is your last day.. Enjoy..


aud is next in line for a fall....goldman came out earlier today and said they are recommending to clients and pulling out of china.
  • #324,386
  • Nov 11, 2010 6:12pm Nov 11, 2010 6:12pm
Quoting Freddyfx
Getting closer to buying my penthouse and then start a trading team here in Mexico.
Hey, keep me in mind, Freddy. I speak spanish, look good in a thong, and I can make coffee.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #324,387
  • Nov 11, 2010 6:12pm Nov 11, 2010 6:12pm
Quoting SkyzerFX
Watch other currencies as well. What you think EU will go to 1.33

and others just going to go up? Check Cable, Check AUD, check I don't

know CAD, whatever.. This is only some EUR pouning for some

reason.. Anyways, shorts, Friday is your last day.. Enjoy..
sky.... i have shown this chart 100dreds of times. why dont you just look... look at the tops and bottoms.. plain and simple..it aint rocket science. i don't do that anymore. bears and bulls use different paths.
Attached Image
those who can, do. those who cant, talk about those who can
  • #324,388
  • Nov 11, 2010 6:13pm Nov 11, 2010 6:13pm
Quoting Freddyfx
With you, Skyzer, setting up my longs also along the line, soon they will pay nicely!

Getting closer to buying my penthouse and then start a trading team here in Mexico.

trading team in mexico? sounds like a good time
  • #324,389
  • Nov 11, 2010 6:16pm Nov 11, 2010 6:16pm
Quoting FibbinArchie
stopped for no loss, fresh long from 3612, sl @ b/e
1/2 off +25, rest to ride...

Alright B, pm'd you about next week...
  • #324,390
  • Nov 11, 2010 6:17pm Nov 11, 2010 6:17pm
Quoting gatorinla
sky.... i have shown this chart 100dreds of times.
Ok bro, this must be Yearly time frame Thanks I got my own charts..

43 to 37 it's 600 pips, and you ain't gonna get many more, before

EU hit 1.40+ again. Personally for me targets are still 1.45 and then 1.55

No rocket science, dollar will go much lower.. I know.

Ask Fred, I'm sure Mexican Peso is rocking against the Buck..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #324,391
  • Nov 11, 2010 6:20pm Nov 11, 2010 6:20pm
Quoting wormboy
done.

healthy retrace is not far, I'm halting all shorts from here on. Will buy when the opportunity arises.

Good luck to all.
done.

bought @618, emergency stop set @450

good luck to me
Thank You
  • #324,392
  • Nov 11, 2010 6:20pm Nov 11, 2010 6:20pm
Finally
A few hours sleep makes you really feel better.
Okay whats going on, where can we make money?
I still got this 1 lot Canadian but that's trouble now @ 31 pips loss.
Who cares? I need to get some patience, I'm sure I'll win here within 3 months or so. Or maybe a year. I've got as much time as the market.

But I need some pocket money and I want it fast.
I met this beauty and I'm shopping Victoria's Secret's website now.
Lol she's 25 years younger than I am but hey, you only live once!!!!!
(Or was it twice???)
Can't remember anymore.

Well Happy Trading To All

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #324,393
  • Nov 11, 2010 6:23pm Nov 11, 2010 6:23pm
Quoting rosssurf
Pardon my ignorance, but could someone explain what "running stops' means? Speciifically in this case so I can better understand?
Quoting Mr Hatch
there are a lot people that went long when we reached the last low, and those must put their stoplosses somewhere, possibly to <3640.

ps: i'd be happy to see a kind of wtf...
And, with low liquidity as tends to be the case during this time - and particularly as reported tonight - New Zealand being the first operation up and running after the NY close, purposefully whips things around to stop out the 20/30/50 or more pip stops and pay the house, while they pick up the supply, in this case buying. If the price plummets more quickly, there are few/no buyers, and it slows/stops when demand or buyers show up. It's been proven NZ houses do this.

So far it looks like it was short lived, of about 50 pips; still need to get back to 1.3655 and see what they choose to do next. The next 40 minutes are crucial ... they did this a few weeks ago ... think it was GBPUSD then. You can see buyers on the 1m, and quickly deduce the fib they're following.
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  • #324,394
  • Nov 11, 2010 6:26pm Nov 11, 2010 6:26pm
Quoting wormboy
done.

bought @618, emergency stop set @450

good luck to me
I'm with you ... got up the courage to do it at 1.362 ... but I'm not sure we're done ... this one's gotta be a BE.
  • #324,395
  • Nov 11, 2010 6:26pm Nov 11, 2010 6:26pm
Quoting SkyzerFX
Ok bro, this must be Yearly time frame Thanks I got my own charts..

43 to 37 it's 600 pips, and you ain't gonna get many more, before

EU hit 1.40+ again. Personally for me targets are still 1.45 and then 1.55

No rocket science, dollar will go much lower.. I know.

Ask Fred, I'm sure Mexican Peso is rocking against the Buck..
well you asked about 1876.. i was just showing you... it was on the chart.. just off a little at 1869.. as was 4280... at 4277.9 shoot me... all info on the chart is from 2008..
those who can, do. those who cant, talk about those who can
  • #324,396
  • Nov 11, 2010 6:27pm Nov 11, 2010 6:27pm
I don't really get this remark about this being a thin market......or that banks were closed in many countries.

I trade the movements I see on MY charts and collecting the pips as easy as can be.

Scalping the M1 is just a lot of fun if you know how to do it..........and on a M1 chart, who cares what the trend is anyhow.

On the other hand, it pays nicely leaving a position open at the start of a trend and let it run. Then it is not scalping anymore, of course.

A trader needs to do SOMETHING to stay awake in front of his screens.
  • #324,397
  • Nov 11, 2010 6:27pm Nov 11, 2010 6:27pm
Quoting FibbinArchie
1/2 off +25, rest to ride...

Alright B, pm'd you about next week...
I will bell you next week. Wednesday, Thursday or Friday evening look quite quiet for a nice pint of lager down your local. Wednesday is my preferred day as I am out Thursday and I might be playing poker on Friday.
  • #324,398
  • Nov 11, 2010 6:30pm Nov 11, 2010 6:30pm
Just from my observations it appears Euro is in a free fall zone at least until 3450 area which offered temporary resistance right under 1.3440 on september 22, and is also 50% retracement of the move from 1.2586-1.4281 (approximately 1.3434). Not that it matters but I will wait to buy dips around the 1.3435-50 area, with a fairly tight stop somewhere from 20-40 pips depending on where I enter. Either way, if we see a continuation of the trend from those levels, we can have an extremely favorable risk:reward scenario going for us. I figure if I enter at 1.3450 with a 30 pip stop @ 1.3420, and am looking to exit around 1.4025 area, that leaves me with risking 30 pips to gain 575 pips which is a R:R of 1:19.2. Of course managing the trade is a different story altogether and this is assuming we see a bounce from this area. If not I'll be looking to further buy on dips at 61.8% level @ approximately 1.3235, maybe risk 1.25% of account on that trade, if I lose my 1% on buying @ 1.3450.
  • #324,399
  • Nov 11, 2010 6:30pm Nov 11, 2010 6:30pm
Quoting Beljevina
And, with low liquidity as tends to be the case during this time - and particularly as reported tonight - New Zealand being the first operation up and running after the NY close, purposefully whips things around to stop out the 20/30/50 or more pip stops and pay the house, while they pick up the supply, in this case buying. If the price plummets more quickly, there are few/no buyers, and it slows/stops when demand or buyers show up. It's been proven NZ houses do this.

So far it looks like it was short lived, of about 50 pips; still need to get...
I think it will go up to 1.3685 - 1.3710 before another swing down.
  • #324,400
  • Nov 11, 2010 6:31pm Nov 11, 2010 6:31pm
Quoting bbakker
QE2 was an excellent time to offload those Euros that were bought over the Summer. Now they have the ball rolling in the opposite direction.
You ain't kidding.
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