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  • #343,361
  • Dec 9, 2010 10:51pm Dec 9, 2010 10:51pm
Quoting Chicky
Year before last, I made hefty profits during the holidays, ...........scalping only. But everyday is not Sunday.

ps. if this time it breaks 1.3300 and stays above it for a couple of days, will again scalp to the up during the holidays.
dec. was up to that point was my best month last year.
those who can, do. those who cant, talk about those who can
  • #343,362
  • Dec 9, 2010 10:51pm Dec 9, 2010 10:51pm
Quoting Chicky
The one that is valid now.
The current one still need to come down to .618 @ piont D and sure it will be a LL
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,363
  • Dec 9, 2010 10:55pm Dec 9, 2010 10:55pm
I predict 270 point drop and 100 pip bounce
Founder of Sutherland Wave Principle
  • #343,364
  • Dec 9, 2010 10:56pm Dec 9, 2010 10:56pm
Quoting samdani786
Sorry , I didnt understand ? Invalidate waht ?

the bull flag will be invalidated if we break 3163

in march 09 is when qe1 began....hence dollar selloff after the bull flag.

we are currently in the same bullflag you had pointed out in the chart, but if we make a new low the downtrend should continue.
  • #343,365
  • Dec 9, 2010 10:56pm Dec 9, 2010 10:56pm
December is good... just go with the flow

people blame too much on the markets... it ain't just gonna roll over and give you profits... ya go to work for them...
I'll pick up the crumbs don't need the whole pie
  • #343,366
  • Dec 9, 2010 10:58pm Dec 9, 2010 10:58pm
Quoting mfoste1
the bull flag will be invalidated if we break 3163
.618 is @ 3140 so very close. GL
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,367
  • Dec 9, 2010 10:59pm Dec 9, 2010 10:59pm
Quoting Quickiepip
December is good... just go with the flow

people blame too much on the markets... it ain't just gonna roll over and give you profits... ya go to work for them...
Million dollar words
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,368
  • Dec 9, 2010 11:00pm Dec 9, 2010 11:00pm
As much as I hate to say it.....

If I ignore the fundies, I have to take a scalp long here. Crap. I'm on team Skyzer. I'm still leaving my higher shorts open.
  • #343,369
  • Dec 9, 2010 11:01pm Dec 9, 2010 11:01pm
Quoting gatorinla
l know i will get shot for saying this. but there is not a player in the world that can move this thing one way or the other a single pip. . at least in the market situation. with talk they can.. but not in the market. market is based on commerce. not a single bank or player. excluding central banks..
Spot fx market is almost entirely speculative. Virtually all spot moves are the result of speculative plays. Understand that the spot fx market is only around 35% of the daily fx flows. What you attribute to "commerce" - the conduct of routine fx business between international banks - is largely accomplished with interbank swaps.

The same goes with many commodities, like oil. The spot market in oil is miniscule and oil futures account for only a small fraction of actual oil sales.


http://en.wikipedia.org/wiki/Foreign_exchange_market

"About 70% to 90%[citation needed] of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Hedge funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and may borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic fundamentals are in the hedge funds' favor."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #343,370
  • Dec 9, 2010 11:04pm Dec 9, 2010 11:04pm
1819 GMT [Dow Jones] The Treasury market is rallying on the 30-yr bond sale. "A great, great auction to end the week and the recent outperformance in 30-year bonds was a strong hint that buyers lurked," says William O'Donnell, head of U.S. government bond strategy at RBS Securities Inc in Stamford, Connecticut.
([email protected])
  • #343,371
  • Dec 9, 2010 11:06pm Dec 9, 2010 11:06pm
Quoting mfoste1
the bull flag will be invalidated if we break 3163

in march 09 is when qe1 began....hence dollar selloff after the bull flag.

we are currently in the same bullflag you had pointed out in the chart, but if we make a new low the downtrend should continue.
Bull Flages & Bearish Flags are Valid until Break of 78.6 Fib according to what I have learned over the years & they are one of my specialties.
  • #343,372
  • Dec 9, 2010 11:09pm Dec 9, 2010 11:09pm
Quoting ak4x
Sorry chicky, while I have Respect for you, I have to wonder about this one especially in light of your vouch which is your business of course... as is the one from cindyxxxx.

I just went back well over 250 of his back posts (it didn't take long) into early October (on the off chance I missed something) and even including his posts under all of his other (banned) usernames... well...

Since we all get to express our opinions here, i'll add mine... I ain't seein' the "productive" part.

Not since Post #1 actually... Not even a little...
Plzzz help! Why insult Elghoz like that?

How you doing Ak?

G'day everybody else!
Not all sins are created equal
  • #343,373
  • Dec 9, 2010 11:20pm Dec 9, 2010 11:20pm
Quoting Allseeingeye
Bull Flages & Bearish Flags are Valid until Break of 78.6 Fib according to what I have learned over the years & they are one of my specialties.

sometimes when you think its a flag then its not,,and break right through the otherside ---my own words "zigzag top" loook where is the momentum in bullflags ? obv on the bullish side --- look at this current eur/usd ''' bullflag" momentum look bearish ? we struggle to get to the top,then bang it get sold--- see the differance in the candles ?

i am also bullish--but trust is still low until we break 1.3400 -- i can post plenty examples of these kinda tops that looks like flags,but its not ---

the longer we go nowwhere now--- its gonna drop like a bomb!
  • #343,374
  • Dec 9, 2010 11:24pm Dec 9, 2010 11:24pm
Quoting The Fool
Spot fx market is almost entirely speculative. Virtually all spot moves are the result of speculative plays. Understand that the spot fx market is only around 35% of the daily fx flows. What you attribute to "commerce" - the conduct of routine fx business between international banks - is largely accomplished with interbank swaps.

The same goes with many commodities, like oil. The spot market in oil is miniscule and oil futures account for only a small fraction of actual oil sales.


http://en.wikipedia.org/wiki/Foreign_exchange_market...
banks don't hold cash (electronic or not) in waiting for a better price. its in and out after they skim their cut. anyway.. a few billion in any particular place at a given time is a pimple on a gnats ass. other then central banks. multiple billions are rarely moved in a single transaction. in a 4 trillion $ market per day ..
those who can, do. those who cant, talk about those who can
  • #343,375
  • Dec 9, 2010 11:25pm Dec 9, 2010 11:25pm
Quoting gucci1
its gonna drop like a bomb...
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,376
  • Dec 9, 2010 11:26pm Dec 9, 2010 11:26pm
Quoting gatorinla
banks don't hold cash (electronic or not) in waiting for a better price. its in and out after they skim their cut. anyway.. a few billion in any particular place at a given time is a pimple on a gnats ass. other then central banks. multiple billions are rarely moved in a single transaction. in a 4 trillion $ market per day ..

except this transaction

http://www.telegraph.co.uk/finance/n...ncy-trade.html
  • #343,377
  • Dec 9, 2010 11:29pm Dec 9, 2010 11:29pm
3180 4/5
3136 6/7
3100 8am
3060 9am
3020 10am
2980 11am

3060 12pm
3080 2pm
3060 4pm
3100 6pm
3000 8pm
3060 close range
Founder of Sutherland Wave Principle
  • #343,378
  • Dec 9, 2010 11:32pm Dec 9, 2010 11:32pm
Quoting suthmo
3180 4/5
3136 6/7
3100 8am
3060 9am
3020 10am
2980 11am

3060 12pm
3080 2pm
3060 4pm
3100 6pm
3000 8pm
3060 close range
do you work for a market maker hourly forecast.
  • #343,379
  • Dec 9, 2010 11:33pm Dec 9, 2010 11:33pm
Quoting gucci1
except this transaction

http://www.telegraph.co.uk/finance/n...ncy-trade.html
and even the largest is extremely small. a grain of sand on a beach.
those who can, do. those who cant, talk about those who can
  • #343,380
  • Dec 9, 2010 11:34pm Dec 9, 2010 11:34pm
Quoting gatorinla
banks don't hold cash (electronic or not) in waiting for a better price. its in and out after they skim their cut. anyway.. a few billion in any particular place at a given time is a pimple on a gnats ass. other then central banks. multiple billions are rarely moved in a single transaction. in a 4 trillion $ market per day ..
it's not a $4 trillion per day market. Spot is around $1.5T daily avg. Do you understand the difference between spot transactions and those in swaps and forwards? Does your broker let you trade in swaps? No. This must be the third time we have had this convo, but its all good. You can believe the earth is flat and still make it from A to B in the same time as Copernicus.
"If The Fool persists in his Folly he will become wise." - William Blake
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