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  • #330,461
  • Nov 22, 2010 10:24am Nov 22, 2010 10:24am
Quoting Mr Hatch
the last sentence of the message bothered me, i left this morning when frankie approached the upper trendline and thought, "well, stoploss is stoploss, don't touch anything".
ok ... well it need some time to get used to it ...

I was stopped out as well two times ... but re-logged again ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #330,462
  • Nov 22, 2010 10:27am Nov 22, 2010 10:27am
nope... big mistake. we need to wait for them to accumulate first, and then start asking for higher prices before we can go long.

Quoting goods
Finally getting the hang of this.

M5, M15, M30, H1 all have confluence of this vsa buying, I closed out shorts and went long.
Nihil Sine Deo.
  • #330,463
  • Nov 22, 2010 10:27am Nov 22, 2010 10:27am
This 5th wave needs go more to down before end .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #330,464
  • Nov 22, 2010 10:27am Nov 22, 2010 10:27am
Quoting gatorinla
the usd is strengthening lately. as soon as it is not china will raise. they would have raised more but the usd was gaining. the usd was gaining and yet they still raised. 60% rise in food prices means a lot to a emerging economy. they spend more for food % wise to live... less money = less gold.commodity buying ect.. higher food prices are just starting to hit.. it takes time. meanwhile everyone wants a raise to cover higher food cost. these raises cause more inflation... 60% will be cheap soon.. snow ball affect.
You gotta a point with China inflation and the Usd. However, China inflation is caused because overheating in the economy, while the US will take a little bit longer because it comes from a [excessive IMO] monetary policy (printing money).

Hyperinflation in China will be catastrophic not only for them but for the world economy given the current circumstances. True than in the short term the USD should rise from that perspective, but if hyperinflation ever happens in China it will actually uncover the cost of US printing money like mad because Chinese will have to even play harder in the currency war and I don't have a doubt that they will artificially keep unsustainable levels (even if it destroy some of the rural and poor Chinese) leaving the FED hanging on air.

In any case, let see how it goes.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #330,465
  • Nov 22, 2010 10:28am Nov 22, 2010 10:28am
Quoting mercy seat
ok ... well it need some time to get used to it ...

I was stopped out as well two times ... but re-logged again ...
i just saw that you scalped the shit out of the tiny range this morning, before the take-off.
  • #330,466
  • Nov 22, 2010 10:28am Nov 22, 2010 10:28am
I just recalled that almost exactly 1 year ago - on US Thanksgiving - this coming Thursday - GBPJPY and I believe GBPUSD fell about 300 pips in the hour after the NY 5pm close. It traveled from about 142 to 139. Sterling has done this a few times in the year, another time was after 2pm NY time ... would have to check my trade logs for when that was.

I've not been trading euro for that long; has it ever done something similar, either in low liquidity times or other extreme pessimism periods? (The May 6 crash doesn't count, since most pairs were affected.)
  • #330,467
  • Nov 22, 2010 10:34am Nov 22, 2010 10:34am
when i said they started buying, that actually meant no more SELLING... or no more ASKING, in other words - so no more up trend, because smart money is not interested in getting a better price as they sold everything... hence price is dropping.

Quoting grashid
nope...am watching ~ 1.35830-1.35530 atm
Nihil Sine Deo.
  • #330,468
  • Nov 22, 2010 10:34am Nov 22, 2010 10:34am
locke bros. raided in boston by fbi....

1 of three today....
  • #330,469
  • Nov 22, 2010 10:35am Nov 22, 2010 10:35am
Quoting Scrat
nope... big mistake. we need to wait for them to accumulate first, and then start asking for higher prices before we can go long.
yeah man...tru tin...patience....we just found the bottom like i said no more lower lows let see if it holds.
very nice support area i think
  • #330,470
  • Nov 22, 2010 10:38am Nov 22, 2010 10:38am
bounce....how far is the question?

they have been pretty shallow today so far, Im hoping to get back near dp for a short again....

gotta go to class bbl
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  • #330,471
  • Nov 22, 2010 10:39am Nov 22, 2010 10:39am
Quoting Scrat
nope... big mistake. we need to wait for them to accumulate first, and then start asking for higher prices before we can go long.

I see what you are saying so waiting till bid/offer increases during this accumulation.
Know when to hold em, Know when to fold em!
  • #330,472
  • Nov 22, 2010 10:41am Nov 22, 2010 10:41am
best post of the day IMHO.

http://www.forexfactory.com/showthre...04#post4187704

I opened a long term long position @3581 with SL 3560
  • #330,473
  • Nov 22, 2010 10:42am Nov 22, 2010 10:42am
Quoting Pipwanderer
yeah man...tru tin...patience....we just found the bottom like i said no more lower lows let see if it holds.
very nice support area i think

T His is the area where trend change occurred for the bull run
Know when to hold em, Know when to fold em!
  • #330,474
  • Nov 22, 2010 10:42am Nov 22, 2010 10:42am
Quoting Mr Hatch
i just saw that you scalped the shit out of the tiny range this morning, before the take-off.
Yes ... always active ... had some rest runners ... but reversed it too early then ... added something at lower levels ... 5-fache menge ... and managed to close it in green zone just before it dropped further ...

Now I had several long counter trend starts ... all green ...

Last entry has been at 1.3579 ... nicht so lange her ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #330,475
  • Nov 22, 2010 10:45am Nov 22, 2010 10:45am
Quoting mercy seat
Yes ... always active ... had some rest runners ... but reversed it too early then ... added something at lower levels ... 5-fache menge ... and managed to close it in green zone just before it dropped further ...

Now I had several long counter trend starts ... all green ...

Last entry has been at 1.3579 ... nicht so lange her ...
take care of the irish statement in 15 mins.
http://www.forexlive.com/148103/all/...at-top-of-hour

i'll stay flat til then.
  • #330,476
  • Nov 22, 2010 10:47am Nov 22, 2010 10:47am
Quoting Beljevina
I just recalled that almost exactly 1 year ago - on US Thanksgiving - this coming Thursday - GBPJPY and I believe GBPUSD fell about 300 pips in the hour after the NY 5pm close. It traveled from about 142 to 139. Sterling has done this a few times in the year, another time was after 2pm NY time ... would have to check my trade logs for when that was.

I've not been trading euro for that long; has it ever done something similar, either in low liquidity times or other extreme pessimism periods? (The May 6 crash doesn't count, since most pairs...
December 2008 was the craziest month this pair has ever seen. I remember being so happy when November ended and my 2000 pip gain scalping all day long every day then December came....lost my entire account with crazy pa all day every day...NY close or not. That month truly defied all logic even though when looking back now it "appears" as a smooth bull uptrend. Spreads were as high as 40pips....truly insanity. Then there was a few months ago when USD/JPY went from 85 straight down.....for about 2 weeks there pa on Eur/USD went crazily higher only during Asian session with few correlations with other pairs. Other then that....not too many examples in the last 3 years where Eur/Usd acts on its own.
Different opinions highly valued, ignorant to slander.
  • #330,477
  • Nov 22, 2010 10:52am Nov 22, 2010 10:52am
We might see a fakeout coming on the m5 soon, a cross of the 30 ema and then back down. In all probability, after crossing them 30 ema, I would think the trend will be lower.
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  • #330,478
  • Nov 22, 2010 10:53am Nov 22, 2010 10:53am
Quoting egkid
Pushing the problem to future not the way to solve the case if they fail let them fail that not the end.I totally agree with him.
As long as politicians running that things not gonna work out.
because the bankers running wall street and the rest of the "free" markets are as corrupt as any politician.

as a matter of fact... wall street owns Washington.

stan
  • #330,479
  • Nov 22, 2010 10:53am Nov 22, 2010 10:53am
Quoting sisse
You gotta a point with China inflation and the Usd. However, China...
each tick the usd goes down so does the china wan. tick for tick. the u.s. doesn't have core inflation atm. china does. when/if inflation does hit the u.s. china will be light years ahead. china has to raise. they don't want a lower usd because of inflation. hyper inflation in china could lead to a civil war. they don't all live in rural areas farming. there are big cities depending on food imports. im waiting for the movie before i read the book.. i doubt the powers in china will give up the fight w/o raising. BB is doing this on purpose. i have said this for a while. BB admitted it last week.
those who can, do. those who cant, talk about those who can
  • #330,480
  • Nov 22, 2010 10:55am Nov 22, 2010 10:55am
Quoting Mr Hatch
take care of the irish statement in 15 mins.
http://www.forexlive.com/148103/all/...at-top-of-hour

i'll stay flat til then.
mr hatch good call on that news...it should have an impact on the euro i believe...i 'm seeing some sudden volatility quite unusual this time of the ny session
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