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  • #339,521
  • Dec 5, 2010 7:34pm Dec 5, 2010 7:34pm
Quoting MuddBuddha
The best strategy always has been and always will be to : Fundamentally Plan Your Trade; Technically Execute It.

So while I'll tighten stops and rethink target levels based on fundamentals, I'll reverse my LONG when the chart tells me to.

LONG - SHORT, personally I couldn't care less. I'm neither bull nor bear. I'm just karma's bitch.
As a 100% tech trader....

I would be whole heartedly fawked if I had to rely on my ability to interpret the bullshit behind the fundamentals, because in all seriousness, what reason is there to go long on anything these days???

Hit and run at the TF of your choosing. Cut the losses without tears, celebrate your victories without too much drink and keep on as you have been keeping on...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #339,522
  • Dec 5, 2010 7:37pm Dec 5, 2010 7:37pm
Quoting MuddBuddha
Honestly, if you think the Board of Governors has any real say in the economy, then your fundamental approach is in real trouble.

Bernanke is just the Federal Reserve Chairman. A position that in itself has no real power but that to serve the whims of those on the Hill and manage the investments of the U.S. Government.

Since the reserve is both a private and public entity, he's going to say whatever necessary to instill confidence regardless of the true fundamentals.

But you keep drinking that cool-aid....
No, you didn't understand what I said, I said, until YOU are on the board of governors, when YOU use phrases like

"The best strategy always has been and always will be to"

I have to look past it, who are you .. the same as everyone else, someone sitting at their computer on a Sunday night or whatever time {if you live somewhere else} and UNTIL you move up in the 'Forex' world past online communities that don't mean anything when it comes to actual Forex, then I will not take notice to 'This is the way it is' comments.

There is no correct way to use fund. & tech. analysis {plus whatever kind of analysis you use ... divine maybe?}. , you develop your own THEORY on how it works and it is impossible to have a theory that is 'set-in-stone' fact.

who are you again?
  • #339,523
  • Dec 5, 2010 7:37pm Dec 5, 2010 7:37pm
Quoting Magix
As a 100% tech trader....

I would be whole heartedly fawked if I had to rely on my ability to interpret the bullshit behind the fundamentals, because in all seriousness, what reason is there to go long on anything these days???

Hit and run at the TF of your choosing. Cut the losses without tears, celebrate your victories without too much drink and keep on as you have been keeping on...
Attached Image (click to enlarge)
Click to Enlarge Name: motivator2222804sj0.jpg Size: 61 KB
Thank You
  • #339,524
  • Dec 5, 2010 7:38pm Dec 5, 2010 7:38pm
Quoting mikej2010

& 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.
There will be a QE3, a QE4 and QE to infinity. The US has to finance more debt than the world has savings. The FED has no other choice than to monetize the debt.
  • #339,525
  • Dec 5, 2010 7:38pm Dec 5, 2010 7:38pm
Quoting wormboy
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #339,526
  • Dec 5, 2010 7:39pm Dec 5, 2010 7:39pm
Board of Governors are nobody? HA

they are only the heads of the nations Fed banks and ONLY vote on the nations future in certain financial aspects.

Last time I checked, no one including Mr. BB or the president can 'veto' every power given to the board of governors, in my book, the Board of Gov's is more then you are!
  • #339,527
  • Dec 5, 2010 7:41pm Dec 5, 2010 7:41pm
Quoting gatorinla
usdx support should be near when the eu hits these areas....
didnt post this before. but all #s ending in 69 or 19 atm are trigger #s.. theres always a 50 pips difference. i posted the wrong lower one earlier. it should of been 3419.. they float. so if we go down, they will slowly lower. and vice verso. now lets put the eu to bed...tonight, till next may..
those who can, do. those who cant, talk about those who can
  • #339,528
  • Dec 5, 2010 7:42pm Dec 5, 2010 7:42pm
Quoting winfast
There will be a QE3, a QE4 and QE to infinity. The US has to finance more debt than the world has savings. The FED has no other choice than to monetize the debt.
What are we in debted in ... think about this?

are in we in debt IN gold? silver? lumber? oil? nope

we are in debt with PAPER and BONDS!!!

China owns our bonds and we just refinance those and hand them new bonds.

'world has savings' ... only if you count paper value, if you count assets, the world has a lot more.

QE3, QE4, etc. .... that is just passing the bucket around to make the rich ... richer.
  • #339,529
  • Dec 5, 2010 7:43pm Dec 5, 2010 7:43pm
Expectations this week:

A possible drop to 3250 to begin the week

http://img820.imageshack.us/img820/2959/get.gif

Or even 3141

And if it gets some support here then a move to attack 3780 in t he later part of the week, entirely depending on whether last week high holds or not .

http://img253.imageshack.us/img253/8472/getw.gif

Roughly 800 pips move in straight lines, zigzag will be more.
  • #339,530
  • Dec 5, 2010 7:43pm Dec 5, 2010 7:43pm
Quoting Magix
good to see you here brother

orite, catch you later. breakfast time.Ta!
Thank You
  • #339,531
  • Dec 5, 2010 7:44pm Dec 5, 2010 7:44pm
Quoting MuddBuddha
Here's your Bernanke: his Twitter account

On unemployment: It could be 4-5 more years before we're at full employment.

On Inflation: Bernanke says he's 100% sure he can contain it (um, famous last words?).

On bond purchases: "Oh, it's certainly possible there will be more purchases." AKA Fed buying Gov't debt.

On the economy: It's recovery, but it's not guaranteed we won't double dip.

On the Fed's past actions: If it hadn't acted, unemployment could be 25% Could...
This wasn't about them, this was ONLY about you saying

"The best strategy always has been and always will be to" ... in which you are wrong because there is no 'BEST ... STRATEGY'
  • #339,532
  • Dec 5, 2010 7:45pm Dec 5, 2010 7:45pm
oooh clear as night and day I love it
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
Know when to hold em, Know when to fold em!
  • #339,533
  • Dec 5, 2010 7:45pm Dec 5, 2010 7:45pm
Quoting mikej2010

There is no correct way to use fund. & tech. analysis {plus whatever kind of analysis you use ... divine maybe?}. , you develop your own THEORY on how it works and it is impossible to have a theory that is 'set-in-stone' fact.

who are you again?
That is one of the most naive comments I have ever heard about trading. You should stop trading immediately.

You have already chosen the path to failure out of absolute hubris and disguising your lack of knowledge with sarcasm.

There have always been correct methods to use both fundamentals and technicals. The methods of price analysis have not changed in a hundred years. I can't even recall how many traders have come along in this forum over the years with your exact same attitude and exact same hard headed method of learning. Your just another cog in the belt that will eventually snap off at some point IF you don't change. Non of the other cogs are still here.

Are you still looking for that magic MT4 indicator that is going to solve all your trading problems as well?
Capital Preservation is key to long term wealth accumulation
  • #339,534
  • Dec 5, 2010 7:48pm Dec 5, 2010 7:48pm
Quoting knuckledrag
Ok this is about where I leave every week. Before I leave; one last chart. The trend is still up and until it turns------ its still up.

Attachment

Noobs,,,,,,,,, please go somewhere else to learn
my marbles are on the other side till 3475 is put to bed. after the act finishes, back to class. 0.858 is closer then it apears in the rear-view mirror.
those who can, do. those who cant, talk about those who can
  • #339,535
  • Dec 5, 2010 7:49pm Dec 5, 2010 7:49pm
Quoting mikej2010
Oh' snap

http://www.irishtimes.com/newspaper/...breaking6.html

some better rethink their strat!

Thanks Ben for the great interview, at this point, I would be willing to bet we easily see 1.31 by Next weekly close ... if it keeps going this way.
since when does MORE qe 2 = strong usd . He may drop 1 trillion .. they essentially have the green light
Blogging daily now at www.volume.zone
  • #339,536
  • Dec 5, 2010 7:51pm Dec 5, 2010 7:51pm
Quoting Ifmyante
Thanks for that, but is it not just two HL's connected?
That's why it's a posible one lol!! In any case, it's a parallell TL lol!!!
  • #339,537
  • Dec 5, 2010 7:52pm Dec 5, 2010 7:52pm
Quoting MuddBuddha
Honestly, if you think the Board of Governors has any real say in the economy, then your fundamental approach is in real trouble.

Bernanke is just the Federal Reserve Chairman. A position that in itself has no real power but that to serve the whims of those on the Hill and manage the investments of the U.S. Government.

Since the reserve is both a private and public entity, he's going to say whatever necessary to instill confidence regardless of the true fundamentals.

But you keep drinking that cool-aid....
Hill ? as in US Government .. and who is pulling their strings .. i give you a clue their religion is Jewish and they begin with G
Blogging daily now at www.volume.zone
  • #339,538
  • Dec 5, 2010 7:53pm Dec 5, 2010 7:53pm
Quoting malcolmb14
since when does MORE qe 2 = strong usd . He may drop 1 trillion .. they essentially have the green light
As far as installing confidence. One can only interpret the internet's words of wisdom one way ... and that is their way.

IF I could show the way it was meant it be interpreted , it would be like this ..

"Bernanke boosted confidence" , EUR/USD is now at 1.3360 ... hence why I said, if it keeps going this way ... we will see 1.31xx, and if it doesn't keep going this way ... we don't.
  • #339,539
  • Dec 5, 2010 7:54pm Dec 5, 2010 7:54pm
Quoting Magix
As a 100% tech trader....

I would be whole heartedly fawked if I had to rely on my ability to interpret the bullshit behind the fundamentals, because in all seriousness, what reason is there to go long on anything these days???

Hit and run at the TF of your choosing. Cut the losses without tears, celebrate your victories without too much drink and keep on as you have been keeping on...
many ...did not hear .. us economy is awesome .. dj back to 13500 by 1st quarter 2011
Blogging daily now at www.volume.zone
  • #339,540
  • Dec 5, 2010 7:56pm Dec 5, 2010 7:56pm
Intra day chart for Monday





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