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  • #332,001
  • Nov 24, 2010 7:22am Nov 24, 2010 7:22am
news might give us the next leg
  • #332,002
  • Nov 24, 2010 7:22am Nov 24, 2010 7:22am
Quoting Perky
10 mins to news
8.5 mins.
  • #332,003
  • Nov 24, 2010 7:22am Nov 24, 2010 7:22am
Quoting Perky
news might give us the next leg
wouldn't mind an arm either.
  • #332,004
  • Nov 24, 2010 7:23am Nov 24, 2010 7:23am
sorry quick question. i'm new to this. what's PA and where can i read about it?
  • #332,005
  • Nov 24, 2010 7:23am Nov 24, 2010 7:23am
Quoting Perky
theres an old market saying

"if you try to pick tops and bottoms all you get is a brown finger"
this is what they tell beginners to make them follow the myth of the trend.
I SEE YOU !!
  • #332,006
  • Nov 24, 2010 7:23am Nov 24, 2010 7:23am
Quoting T@rantula
still is the key. break could get us higher up to 3390
I would like to confirm this Elliott-wise LOL
  • #332,007
  • Nov 24, 2010 7:23am Nov 24, 2010 7:23am
Quoting Perky
theres an old market saying

"if you try to pick tops and bottoms all you get is a brown finger"
It can be done profitably, but you must be an experienced PA reader and the key is to not get greedy, close out as soon as the retrace stalls...
  • #332,008
  • Nov 24, 2010 7:25am Nov 24, 2010 7:25am
Quoting dbfusion
bottom pickers are alive and kicking ass big time !

already up on 2 positions by 60 pips each that got booked and have third running for a target that looks theoretically nice .

and this chart for whom it may concern

.

bottom and top picking is an art , not very difficult but you have to do it extreemly well not to get burned .
nothing more than luck.

no art. no science.

there's no skill to it my friend... you simply got lucky.

stan
  • #332,009
  • Nov 24, 2010 7:26am Nov 24, 2010 7:26am
Everyone is screaming buy. So looks like we will tank hard.
Know when to hold em, Know when to fold em!
  • #332,010
  • Nov 24, 2010 7:27am Nov 24, 2010 7:27am
Quoting Perky
theres an old market saying

"if you try to pick tops and bottoms all you get is a brown finger"
Don't know about brown fingers but here is a possible top on usd/chf daily chart

parity may prove to be a hard top

potential bear flag

we'll see

Attached Image (click to enlarge)
Click to Enlarge Name: chf.GIF Size: 30 KB
Mind over matter..I don't mind and you don't matter.
  • #332,011
  • Nov 24, 2010 7:27am Nov 24, 2010 7:27am
Quoting T@rantula
Above 3359 we could test 3400 levels. On the contrary 3250 is possible.
That is a coin toss - with Elliott you likely would weight the chances LOL
  • #332,012
  • Nov 24, 2010 7:27am Nov 24, 2010 7:27am
Eyes down for the Economic Data B*llsh*t Bingo...
  • #332,013
  • Nov 24, 2010 7:28am Nov 24, 2010 7:28am
Quoting goods
Everyone is screaming buy. So looks like we will tank hard.
i read that a lot... who is this everyone? anyone sane is positioned already, the one way or... errm, the other.
  • #332,014
  • Nov 24, 2010 7:28am Nov 24, 2010 7:28am
Quoting athenaesword
sorry quick question. i'm new to this. what's PA and where can i read about it?
pa stands for price action no indicators
just sup/res lines and trendlines etc
  • #332,015
  • Nov 24, 2010 7:29am Nov 24, 2010 7:29am
Quoting T@rantula
Above 3359 we could test 3400 levels. On the contrary 3250 is possible.
I've got 3 longs at the moment that are 25pips up (that's 100% each). Should I close them and buy again, or let them run (SL is just below 1.33? Just asking, interested in your point of view...

Thanks.
  • #332,016
  • Nov 24, 2010 7:29am Nov 24, 2010 7:29am
Quoting goods
Everyone is screaming buy. So looks like we will tank hard.
Ah, is that how it works?
  • #332,017
  • Nov 24, 2010 7:29am Nov 24, 2010 7:29am
Quoting druckenmillr
nothing more than luck.

no art. no science.

there's no skill to it my friend... you simply got lucky.

stan
go back to the chart I posted it . and check it before posting such words.

I can post you tops and bottoms on any time frame as low as 1 minute for as long as you want and I will have 80%-90% success ratio with r/r 1-3 at least on any trade.

in my view its a bottom for three freaking reasons on that chart

just if you took more time looking at the charts rather than posting . you will have more success.
I SEE YOU !!
  • #332,018
  • Nov 24, 2010 7:30am Nov 24, 2010 7:30am
Quoting athenaesword
sorry quick question. i'm new to this. what's PA and where can i read about it?
Personal Assistant. Lol.
  • #332,019
  • Nov 24, 2010 7:31am Nov 24, 2010 7:31am
RELEASE.
  • #332,020
  • Nov 24, 2010 7:32am Nov 24, 2010 7:32am
Ahhh, stupid server overload!
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