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  • #343,381
  • Dec 9, 2010 9:34pm Dec 9, 2010 9:34pm
Quoting samdani786

if this is a flag on eur--then down we go --- i try not to see it as a flag --here is many tops that look like this--bullshyt many traders
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  • #343,382
  • Dec 9, 2010 9:34pm Dec 9, 2010 9:34pm
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.
mfoste,
havent seen you in the forum for sometime now. may be finals are around the corner. good luck on your trades

Pipwanderer
  • #343,383
  • Dec 9, 2010 9:35pm Dec 9, 2010 9:35pm
Quoting samdani786
Look at the similarity in these two Pattern
1 is from April 2009
2 is right now.

Wish me GL.

your chart comparison is good but its different time altogether now :

And above all your first chart shows a longor time frame but this year chart is of almost just one month i hope

any way good find : try to get better with time
history repeats but not completely I think
finding A M S
  • #343,384
  • Dec 9, 2010 9:46pm Dec 9, 2010 9:46pm
Quoting The Fool
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.
whats that got to do with the original statement? you brought in the spot market, not me. and just remember any fool can write anything he wants on Wikipedia. Copernicus and Columbus both in the bloodline. 4 trillion is the last i heard estimated in forex.
those who can, do. those who cant, talk about those who can
  • #343,385
  • Dec 9, 2010 9:46pm Dec 9, 2010 9:46pm
Quoting prashant7
......history repeats but not completely I think
Yes, each time it gives lesson to a different nation ............... arogant ones benefit the most
The Thief of Wall Street
  • #343,386
  • Dec 9, 2010 9:47pm Dec 9, 2010 9:47pm
Quoting gatorinla
and even the largest is extremely small. a grain of sand on a beach.
OK, the Prince makes a record trade of around $25 billion. Do that 60 times in a day and you're at $1.5 Trillion. Still a grain of sand? Not quite.

$25 billion trades are record-breaking, but $1 billion trades are not, obviously. Do 1,500 of the latter, and you're at $1.5 Trillion. How many discrete spot fx trades do you think are getting done in a day?

The spot fx market is large and liquid but it is not infinite and it is not as large as you seem to think it is. And large traders purposefully move the market every day, many times a day.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #343,387
  • Dec 9, 2010 9:48pm Dec 9, 2010 9:48pm
Quoting prashant7
your chart comparison is good but its different time altogether now :

And above all your first chart shows a longor time frame but this year chart is of almost just one month i hope

any way good find : try to get better with time
history repeats but not completely I think
I was just looking at Pattern it regardless of time Cause just like EW you find them in every TF from 1m to daily and they are there. Just like that these Pattern also builds in every TF thats Y it is always good to know them. I dont know if it is a bull flag or not but i was facinated by the similarity .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,388
  • Dec 9, 2010 9:49pm Dec 9, 2010 9:49pm
Quoting gatorinla
whats that got to do with the original statement? you brought in the spot market, not me. and just remember any fool can write anything he wants on Wikipedia. Copernicus and Columbus both in the bloodline. 4 trillion is the last i heard estimated in forex.
hard to educate somebody who already knows everything
"If The Fool persists in his Folly he will become wise." - William Blake
  • #343,389
  • Dec 9, 2010 9:50pm Dec 9, 2010 9:50pm
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
What time is that ? GMT ?
COT: The precious data ignored
  • #343,390
  • Dec 9, 2010 9:51pm Dec 9, 2010 9:51pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
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
This is spot on, good job.
  • #343,391
  • Dec 9, 2010 9:52pm Dec 9, 2010 9:52pm
Quoting gucci1
if this is a flag on eur--then down we go --- i try not to see it as a flag --here is many tops that look like this--bullshyt many traders
lol I didnt say its a flag or not and TBO, when i was posting it, i didnt have that in my mind at all, I was just pionting out the similarity . Lets see where it goes. I am short now but watching it with eagles eye.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,392
  • Dec 9, 2010 9:53pm Dec 9, 2010 9:53pm
Quoting The Fool
hard to educate somebody who already knows everything
dito
those who can, do. those who cant, talk about those who can
  • #343,393
  • Dec 9, 2010 9:53pm Dec 9, 2010 9:53pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting kuroro001
What time is that ? GMT ?
I dunno, but I am starting off on that with 3/4 EST instead of 4/5.

Frankie always fakes up 20-50 pips either during that first hour and 30 minutes.

Then London open either continues it, or reverses for the trend that will take place the next 3 hours.

NY open then retraces 50-100 pips.
  • #343,394
  • Dec 9, 2010 9:54pm Dec 9, 2010 9:54pm
Quoting kuroro001
What time is that ? GMT ?
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #343,395
  • Dec 9, 2010 9:54pm Dec 9, 2010 9:54pm
Quoting apt
This is spot on, good job.

those predictions are rarely correct....dont bet ur bank on it.
  • #343,396
  • Dec 9, 2010 9:55pm Dec 9, 2010 9:55pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting mfoste1
those predictions are rarely correct....dont bet ur bank on it.
Betting my whole checking account and my apartment. LETS GO. I NEED TO BUY XMAS PRESENTS.
  • #343,397
  • Dec 9, 2010 9:57pm Dec 9, 2010 9:57pm
Quoting apt
Betting my whole checking account and my apartment. LETS GO. I NEED TO BUY XMAS PRESENTS.
http://herd.typepad.com/.a/6a00d8345...71c3970b-800wi
Not all sins are created equal
  • #343,398
  • Dec 9, 2010 10:00pm Dec 9, 2010 10:00pm
Quoting Jay Walker
http://herd.typepad.com/.a/6a00d8345...71c3970b-800wi
Hey Jay....you buying paper silver or physical?
  • #343,399
  • Dec 9, 2010 10:04pm Dec 9, 2010 10:04pm
Quoting PriceVolume
Hey Jay....you buying paper silver or physical?
that silver market is another entirely speculation-fueled bubble that is going to pop
"If The Fool persists in his Folly he will become wise." - William Blake
  • #343,400
  • Dec 9, 2010 10:07pm Dec 9, 2010 10:07pm
Quoting PriceVolume
Hey Jay....you buying paper silver or physical?
Physical!
Not all sins are created equal
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