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  • #339,481
  • Dec 5, 2010 6:03pm Dec 5, 2010 6:03pm
Quoting wheelie
Thankyou for posting this. I hadnt seen it . Some dork around here was taking the piss out of my analysis for no good reason. you've just proved me spot on. Thankyou
Well, it coincided with a LONG I had just taken on the 3 HOUR, so I was pleased it see it as well.

I'm currently in +166 and looking to extend this before a cash-n-grab.
Capital Preservation is key to long term wealth accumulation
  • #339,482
  • Dec 5, 2010 6:03pm Dec 5, 2010 6:03pm
Quoting Magix
Agreed on the words of caution brother....

Got one stuck in my throat, had a sore neck all night...
my brother in law had a stiff neck and almost chocked to death when his tongue swelled.
those who can, do. those who cant, talk about those who can
  • #339,483
  • Dec 5, 2010 6:05pm Dec 5, 2010 6:05pm
Cheers Guys,

Thanks for the usual Sunday night / monday morning banter

Just to end, Got a pending sell on USD/JPY at 8296 with s/l at 8315

Above top of range and PP...

RELEVANCE TO FIBRE:

After all the crosses I've Posted, gotta say that Fibre is gonna have a HARD time going much higher than the weekend High...

If it does, will just have to jump on the train

Good night all
@pawpaw1000 on Twitter
  • #339,484
  • Dec 5, 2010 6:06pm Dec 5, 2010 6:06pm
Quoting Magix
You are all of 5 posts in here Ace....

Don't start getting all sensitive n stuff...
Noted. Will abstain from the sensitive stuff in future. Thankyou for your advice.
  • #339,485
  • Dec 5, 2010 6:08pm Dec 5, 2010 6:08pm
Quoting Purple
http://www.cnbc.com/id/24494689/
Thanks, didn't realize it was on TV!
  • #339,486
  • Dec 5, 2010 6:09pm Dec 5, 2010 6:09pm
Quoting mfoste1
lol....people trying longs?

christmas come early?
Heheheh it sure did. As posted, I took every shakeout since then. 2 trades, 1 BE and 1 x 400 pipper.

Timing is everything...

No trading for me for the rest of the year. I'm off to Hawaii for the pipe masters

http://surfmusic.blogsome.com/images...awaii_2008.jpg
Speculator is just a fancy word for gambler
  • #339,487
  • Dec 5, 2010 6:10pm Dec 5, 2010 6:10pm
landed couple of hours ago in Chicago from Barcelona.. now I have to change my trading hours to GMT -7... damn!

Btw, is touching back the daily trendline it broke on Friday!
  • #339,488
  • Dec 5, 2010 6:11pm Dec 5, 2010 6:11pm
Quoting gatorinla
here is what i got. im surprised where on the same page.
eu chart has the 0.858 (2008) continuation. i invite you to do some math of the levels (50%) between levels. usdx is normal fibs. eu is predictive.
Well, that chart makes a lot of sense(First one).

The fundamentals would support it as well going into the fourth quarter.
Capital Preservation is key to long term wealth accumulation
  • #339,489
  • Dec 5, 2010 6:13pm Dec 5, 2010 6:13pm
HAHA...

Dunno what magic B is doing but he sure is helping my positions along...

I got 3360 on fibre, 110 on E/J and 3050 on E/C...

Fibre and eur/chf very close to those levels, if they break we gonna have a bear day

EDIT: EJ PP at 110.62 so it is also close to there... Make or break?
@pawpaw1000 on Twitter
  • #339,490
  • Dec 5, 2010 6:13pm Dec 5, 2010 6:13pm
Have this levels on, will go to bed just sharing who trades right now..

Night
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  • #339,491
  • Dec 5, 2010 6:14pm Dec 5, 2010 6:14pm
Quoting gatorinla
here is what i got. im surprised where on the same page.
eu chart has the 0.858 (2008) continuation. i invite you to do some math of the levels (50%) between levels. usdx is normal fibs. eu is predictive.
l'M on the side of dollar strength, this should accelerate in the coming weeks as a major index and its components is showing signs of topping out, in turn should drive down euro...
imo it will be $ strength not euro weakness
  • #339,492
  • Dec 5, 2010 6:14pm Dec 5, 2010 6:14pm
Quoting gatorinla
my brother in law had a stiff neck and almost chocked to death when his tongue swelled.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #339,493
  • Dec 5, 2010 6:17pm Dec 5, 2010 6:17pm
Quoting Magix
An interesting site to be sure, but when you check the GU trades, it has it as a sell...

EU buy, GU sell...

Appreciating that the movement as of current is based on weakness of the USD, you really have to wonder where to hedge your bets....

Over the years of trading, sign up to enough sites and you will get massive amounts of this kind of tripe sent to you. In end, you are probably just as well to flip coins instead of following what any site, group or spammed email says, especially if it is in conflict with your own trade technical analysis......
Yes ... I agree ... a curiosíty the fact that they have two contrarian setups there ... that is BS somehow ... but I do like to travel around and whatch some of those sites ...

Most of them are more or less skimpy bill like ... but I have noticed ... that BarChart site is changing every few minutes ...

It is a push to push server ... not a pull server like here ... and they update it several times ...

I like to see or watch the methods they use ... as I do some of own work on algos using own methods as well ... so more or less ... I am interested to see how they do their work ...

So I should have mentioned ... that the 'Spread Cheat Sheed' there is my favorite ...

http://www.barchart.com/cheatsheet.php?sym=^EURUSD

This one for example ...

It is dynamic ... not static like the normally, common used pivot tables ...

Such things do exist in seperate systems as well ... not very wide spread ... I know ...

It is the overview of various levels they use there ... and their pivotal approach ... which is very precise ...

I have compared it with my own calculations ... and as far as levels and dynamic pivots is concerned they are very good ... specially as they do update them during a trading day ... and their pivotal levels are changing later then ...

Excuse me ... it is a bit too complicated for me to explain in a language which is not mine ... what I mean with that particularly ...

But the fact that they show two different main directions in GU and EU ... that is sadly odds there ... BS at least ...


;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #339,494
  • Dec 5, 2010 6:25pm Dec 5, 2010 6:25pm
Quoting mercy seat
Yes ... I agree ... a curiosíty the fact that they have two contrarian setups there ... that is BS somehow ... but I do like to travel around and whatch some of those sites ...

Most of them are more or less skimpy bill like ... but I have noticed ... that BarChart site is changing every few minutes ...

It is a push to push server ... not a pull server like here ... and they update it several times ...

I like to see or watch the methods they use ... as I do some of own work on algos using own methods as well ... so more or less ... I...
Everything with a grain of salt here my friend.

We will all find our own way in market and use the tools that we see fit. I was most certainly not trying to talk you out of using this site as a reference by any stretch, just thought the different outlooks on the EU/GU seemed worth a mention.

Depending on the time frame or length of time you choose to sit in a trade...the euro vs gbp does have a bit of a current bullish chart, so having the 2 on different sides of the coin isn't completely whack...but....

As they are moving on the strength and weakness of the USD, they should be moving in the same direction with different proportionate moves....

Meh...there are worse things to be following.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #339,495
  • Dec 5, 2010 6:29pm Dec 5, 2010 6:29pm
Quoting Martingale
landed couple of hours ago in Chicago from Barcelona.. now I have to change my trading hours to GMT -7... damn!

Btw, is touching back the daily trendline it broke on Friday!
How do you like our frrreeezzziiiinnnggg weather? LOL.
Btw, I was in Barcelona last year, I loved it.
  • #339,496
  • Dec 5, 2010 6:35pm Dec 5, 2010 6:35pm
Quoting wheelie
Noted. Will abstain from the sensitive stuff in future. Thankyou for your advice.
Givens that you are a less then 10 post member, maybe be a good time to welcome you to being in print.

Lotsa voices out there my friend, make sure you are one of the ones worth listening to.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #339,497
  • Dec 5, 2010 6:36pm Dec 5, 2010 6:36pm
EJ gap filled for me. Took profit on that short trade. I expect a bounce up in EU now and a test of 3430-50 area. I'll short there again.
Gone to dinner. See you guys in a while!
Good trades to all!
  • #339,498
  • Dec 5, 2010 6:40pm Dec 5, 2010 6:40pm
bouncing down towards 3337
  • #339,499
  • Dec 5, 2010 6:41pm Dec 5, 2010 6:41pm
Ut-Oh,

I am a bear on the EUR/USD for the time being, but there seems to be a possibility that we are headed for a defentive bear set-up. Look at the daily chart & lets hope that with the ECB's news on how many bonds they purchased that the EUR/USD just drops down south.

No other news really coming out over next 24 hours, looks promasing for a bear formation IMO.

& what I took from Bernanke is that it 'can't get much worse' and there was NO mention on QE3 unless i missed some while away from TV.

Also noticed he was clear to point out there 'no money was printed' and that 'most QE debt has been paid'.

Looks like promising words for the USD for the time being.
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  • #339,500
  • Dec 5, 2010 6:41pm Dec 5, 2010 6:41pm
Got a possible Channel going on here. Grey supply area worked so far. Ultimate resistance @ 3475. until ther I'm a bear, lot of potencial to the downside. Possible partial support @3290-3300.
No I'm gone, be back in a while! I wish you all good trades!
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