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  • #338,061
  • Dec 2, 2010 3:29pm Dec 2, 2010 3:29pm
here is my analysis,
it hit 100% fib extension meaning there is a high probability it will retrace to 38-50% before falling lower.
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  • #338,062
  • Dec 2, 2010 3:34pm Dec 2, 2010 3:34pm
the MACD crossing alert has appear since Dec 01, 2010.
I didn't buy the position because the main trend is Bearish.

I open the long position when some of my indicator is match.

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  • #338,063
  • Dec 2, 2010 3:35pm Dec 2, 2010 3:35pm
I am a rookie here but this is my train of thought and technical analysis. I would apprectiate any critisizm and insight from others.

I am looking for shorts after I see how price behaves at the 38 fib of this last leg down around the 1.3280 area. This area is also the 23 fib retrace of the last two legs down. retace up on 11/16 from 1.3345 to 1.3785 on 11/22 was about 340 pips. perhaps this retrace up will be about the same. If price does turn at these fib areas that would be a retrace of +/- 314 pips. I am not much of a Eliott wave guy put perahps someone her is and could chime in on this. If this is wave 4 does it tend to be about the same as the earlier wave 2 retrace that was 340 pips?

I forgot to post a chart. There is one i added a few posts below this one
Thanks in advance
  • #338,064
  • Dec 2, 2010 3:36pm Dec 2, 2010 3:36pm
Am Genöle und Gemecker kann man bereits gut erkennen, dass bestimmte Teilnehmer nicht besonders erfolgreich hier operieren ...

Freut mich irgendwie ...



2010-12-02 _ 21h55 CET _ EUR-USD : RECAP (nach 23 Stunden)


EUR-USD : 1.32227


0.0187 Écart
1.2968 Elliott Reversal
1.3281 Elliott Projection

pivots + spezi

1.3480 1.3333
1.3363 1.3266
1.3247 1.3195
1.3293 1.3163

1.3177 1.3154 <= central pp

1.3106 1.3144
1.3061 1.3113
1.2990 1.3042
1.2920 1.2975


Entry-limits (ex hidden)
1.3097 + 1.3087 + 1.3068
Key-points
1.3201 + 1.3215 + 1.3223


Highest been given :
1.32472
Lowest been taken :
1.30605

Yesterday's estimation :

Next step should be a move towards 1.3204 - 1.3223 while 1.3091 - 1.3080 should offer support at first. Cross of below 1.3051 would dampen the upside. Stops below 1.3013 - 1.3003 zone ...


;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #338,065
  • Dec 2, 2010 3:37pm Dec 2, 2010 3:37pm
Chart for my previous post.
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  • #338,066
  • Dec 2, 2010 3:42pm Dec 2, 2010 3:42pm
Quoting mikej2010
That is good, but I guess the 'other' biggest factor I learned in my life & especially in the military is this.

'college students take note for this future lesson'

90% do nothing, 10% do everything. In other words ... people are lazy & those who get up & going are the ones who get ahead.
It's not really like that... Generational Wealth is one of the largest sources of future wealth...

Alot of people work very hard but have no "Know How" on becoming "RICH"...

Knowledge is power mate... But knowing rich people is even better...

By knowing Rich people and what they do, you get to know how they do things, like Mr Kyosaki says.
@pawpaw1000 on Twitter
  • #338,067
  • Dec 2, 2010 3:44pm Dec 2, 2010 3:44pm
Quoting mercy seat
Am Genöle und Gemecker kann man gut erkennen, dass bestimmte Teilnehmer nicht besonders erfolgreich hier operieren ...

Freut mich irgendwie ...



2010-12-02 _ 21h55 CET _ EUR-USD : RECAP (nach 23 Stunden)


EUR-USD : 1.32227


0.0187 Écart
1.2968 Elliott Reversal
1.3281 Elliott Projection

pivots + spezi

1.3480 1.3333
1.3363 1.3266
1.3247 1.3195
1.3293 1.3163

1.3177 1.3154 <= central pp

1.3106 1.3144
1.3061...
Nice and simple

I also aim on the down to 190 and if break to 56-60 and 100.
  • #338,068
  • Dec 2, 2010 3:44pm Dec 2, 2010 3:44pm
I think 1.3297/1.3300 will be good place to short, strong resistance, a lot of confluence around that level - 38% fibo, test of a broken daily trend line.

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  • #338,069
  • Edited 3:47pm Dec 2, 2010 3:46pm | Edited 3:47pm
Quoting Scrat
i see quite a few posts about targets and wanted to say a few words.

while i don't disagree with taking profits along the way, i can certainly tell you that closing entire position while in a trend is not necessarily a very profitable thing. we never know when a trend reaches its most extreme value - in other words, this is not a sniper job. we know, however, when the trend reverses, and that's where stops should be placed.

what i'm trying to say is that, instead of taking profits, moving stops is more profitable and gives a lot of room to breathe....
Good evening Scrat. I am a complete noobie so please be gentle with me.
What you said makes sense but may I ask; if your moving your stop to stay in the trend, how far away do you put the stops?
Many thanx to you and all on here that are patient with us 'noobies'. Am learning. Much appreciated.
  • #338,070
  • Dec 2, 2010 3:48pm Dec 2, 2010 3:48pm
looks like price action forming on h2.

wonder if it will manage to go thru 326 then...
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  • #338,071
  • Dec 2, 2010 3:50pm Dec 2, 2010 3:50pm
Quoting pawpaw1000
It's not really like that... Generational Wealth is one of the largest sources of future wealth...

Alot of people work very hard but have no "Know How" on becoming "RICH"...

Knowledge is power mate... But knowing rich people is even better...

By knowing Rich people and what they do, you get to know how they do things, like Mr Kyosaki says.
"Alot of people work very hard but have no "Know How" on becoming "RICH""
-but they don't work hard to get rich, they work hard to work & provide a living, working hard doesn't translate into being or becoming rich.

Like I said, don't take offense to this, but you are still in college & haven't had your 'career' job yet, I just meant that 90% do nothing. ESPECIALLY gov't workers. bureaucratic work is the WORST because there is always 'something' to be done with no timeline and no one to fire you.

Just wait until you have to go wait at the local court for whatever paperwork or proceedings for your business adventure, You will see bureaucratic work at it's finest.

I wasn't talking the 'get rich' side of it, I was talking about the so called 'enslaved' side of it. The reason why most won't make it. A lot of people are lazy.

& you can't tell me I am wrong, because this is based off my experience, you might have experienced or might experience different in the future.

Just in my experience, most people are lazy & 10% do most of the work.

Just like if you want to be a banker, you can go to the finest school, but until you sort through stubs & checks for a week ... you don't know what banking is.
  • #338,072
  • Dec 2, 2010 3:54pm Dec 2, 2010 3:54pm
Quoting mikej2010
"Alot of people work very hard but have no "Know How" on becoming "RICH""
-but they don't work hard to get rich, they work hard to work & provide a living, working hard doesn't translate into being or becoming rich.

Like I said, don't take offense to this, but you are still in college & haven't had your 'career' job yet, I just meant that 90% do nothing. ESPECIALLY gov't workers. bureaucratic work is the WORST because there is always 'something' to be done with no timeline and no one to fire you.

Just wait until you have to go wait at...
Fair enough

I agree on the lazy bit, reckon we were talking past each other. Me about becoming rich and you about being successful?

anyways, am watching my EUR/GBP short closely, formed 123 pattern on m15 and m30 but will close if it goes above 8478...

Lekker
@pawpaw1000 on Twitter
  • #338,073
  • Dec 2, 2010 3:54pm Dec 2, 2010 3:54pm
Quoting mikej2010
"Alot of people work very hard but have no "Know How" on becoming "RICH""
-but they don't work hard to get rich, they work hard to work & provide a living, working hard doesn't translate into being or becoming rich.

Like I said, don't take offense to this, but you are still in college & haven't had your 'career' job yet, I just meant that 90% do nothing....
I do generally agree here but I don't believe in laziness as such. People that appear that way just don't have inspiring goals. I think the distinction is important. In other words none of us is lazy if the reason to do something matters enough to us.
  • #338,074
  • Dec 2, 2010 4:00pm Dec 2, 2010 4:00pm
Quoting pawpaw1000
Fair enough

I agree on the lazy bit, reckon we were talking past each other. Me about becoming rich and you about being successful?

anyways, am watching my EUR/GBP short closely, formed 123 pattern on m15 and m30 but will close if it goes above 8478...

Lekker
NVM, moved s/l to BE...

Gonna catch some ZZZzzz's unless there's some more interesting banter here
@pawpaw1000 on Twitter
  • #338,075
  • Dec 2, 2010 4:04pm Dec 2, 2010 4:04pm
Quoting Piters
exactly .. my point.. He is "THE BOSS" in EU...
pride is a bad thing at times. it makes you blind. he doesn't want to be blamed for the coming ship wreck. neither does the politicians. when the coffers are mt it will crash or he will print. captain ej smith was the boss also.

those who can, do. those who cant, talk about those who can
  • #338,076
  • Dec 2, 2010 4:05pm Dec 2, 2010 4:05pm
another greece down grade. after market.
those who can, do. those who cant, talk about those who can
  • #338,077
  • Dec 2, 2010 4:06pm Dec 2, 2010 4:06pm
stubs and cheques ...banker ???

More like how do you set the algo to make your bank 10 billion in hft that morning. That takes about 10 min ...then rest of day you go for lunch. lol

Or if you are not a techie then go to lunch at 10 am and think of new schemes to hide your losses , schemes that are as good as abolishing mark to market ..or better.

Quoting mikej2010
"Alot of people work very hard but have no "Know How" on becoming "RICH""
-but they don't work hard to get rich, they work hard to work & provide a living, working hard doesn't translate into being or becoming rich.

Like I said, don't take offense to this, but you are still in college & haven't had your 'career' job yet, I just meant that 90% do nothing. ESPECIALLY gov't workers. bureaucratic work is the WORST because there is always 'something' to be done with no timeline and no one to fire you.

Just wait until you have to go wait at...
Blogging daily now at www.volume.zone
  • #338,078
  • Dec 2, 2010 4:06pm Dec 2, 2010 4:06pm
Quoting Guitarfx
I do generally agree here but I don't believe in laziness as such. People that appear that way just don't have inspiring goals. I think the distinction is important. In other words none of us is lazy if the reason to do something matters enough to us.
Sorry, but in my experience, I disagree. People are only motivated when they have nothing ... unless they get unemployment for 99 months or whatever it is now.

In the military, a lot of 'pretending to work' went on.

I think people are lazy, some people are unmotivated, but a majority of people in my experience are just lazy ... might be inspired to put a 2-3 week of hard work in, but then it is lazy mode after that.

Your experience might be different then mine, enough of this though, everyone has a different experience..
  • #338,079
  • Dec 2, 2010 4:07pm Dec 2, 2010 4:07pm
I had a good day today, managed to carve out 119 pips on EURUSD by buying long right after the bear spike. Also scored 43 pips on USDJPY retracement.

For tomorrow, I'm staying out till NFP report. Although multiple signals point to bear breakout.
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  • #338,080
  • Dec 2, 2010 4:07pm Dec 2, 2010 4:07pm
Quoting gatorinla
another greece down grade. after market.
You beat me to it. Nothing is manipulated of course.
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