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  • #354,961
  • Dec 30, 2010 11:31am Dec 30, 2010 11:31am
Quoting pinkiaiii
there might be bigger target if people scalled out,I see 3030,what about others ?
its possible, the 23.6% Fib of the Nov 4th move down is a strong resis.
may see a lower high into Friday if price stays below 330X,
if not I am targeting 336X, market has a decision to make, either way
not expecting price to hang around this area for long...stay flexible and
have targets and SL for either case, good trading
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"Your Best trade is a loss with minimum risk"
  • #354,962
  • Dec 30, 2010 11:32am Dec 30, 2010 11:32am
Quoting piptornado
Has anybody here used someone else's calls that they thought were completely useless and gone against them to make money?

I have been reading through some pages and identified some people that just shout crazy stuff, for the sake of saying something.

I was already in a trade today when one of these guys shouted the opposite of what I was doing. This just made me feel more confident in my trade.

It would be a nice experiment on a demo maybe
There are two possible outcomes with every trade;

1) Profit
2) Loss

Following this thread for trading signals is no different than tossing a coin to determine buy/sell direction. I have been lurking here for almost two years, and know some frequent posters that are more right than wrong in some instance. However, everything you see here are just random opinions.
  • #354,963
  • Dec 30, 2010 11:34am Dec 30, 2010 11:34am
Quoting Magix
All good in the hood Killer...

East for the time my friend, M5 support on deck.

About the only thing that would make me worry about taking a long is the H4 sharp rejection off the 200....
true it was a one time touch , was watching the EG all day and cable was fun to deal with , it was the same play as yesterday but reversed
  • #354,964
  • Dec 30, 2010 11:35am Dec 30, 2010 11:35am
Quoting skozyuk
Here are some fundamentals for USD to consider;

1) Jobless claims below 400K - http://www.marketwatch.com/story/wee...000-2010-12-30
2) Chicago manufacturing gauge leaps in December - http://www.marketwatch.com/story/chi...ber-2010-12-30
3) Pending home sales up 3.5% in November - http://www.marketwatch.com/story/pen...-12-30-1011270


Now ask yourself, how come EURUSD is bullish with such news?
actually, it tends to be bad numbers that lead to the $ becoming stronger as many will think it is a world market trend and buy dollars. Through out most of last fall until the Greece situation, better US news led to higher euro prices.
  • #354,965
  • Dec 30, 2010 11:36am Dec 30, 2010 11:36am
Quoting skozyuk
There are two possible outcomes with every trade;

1) Profit
2) Loss

Following this thread for trading signals is no different than tossing a coin to determine buy/sell direction. I have been lurking here for almost two years, and know some frequent poster that are more right than wrong in some instance. However, everything you see here is just random opinions.

and people that feel in love with their open trades in loss and trying/praying to market go to their trades!
  • #354,966
  • Dec 30, 2010 11:36am Dec 30, 2010 11:36am
Magix, I'm still looking to the hourly for clues. Even if we close under 3266, it will depend on how we do it. Right now this hourly is rather unimpressive.

ps, if we close under 3255/3249, I'll give it to the bears...
Look Sharp/Trade Tight
  • #354,967
  • Dec 30, 2010 11:36am Dec 30, 2010 11:36am
Good that I can express my thoughts and news

Banks In India

News has come yesterday where the relationship manager of citi bank India has swindled 400 crore RS. The mode of operation is 20 high worth customers has joined a scheme where he promised handsom return. Citi bank has not officially announced any such scheme

He collected money from these customers and opened fictitious Account and deposited the money in these Account and diverted the money to Indian stock market.

Second

The manger of the bank put up application for two wheeler loan in many names and pocketed 2.5 crore RS

Third

One lady has a locker in the bank for gold and one day she opened the locker and she saw the whole thing is empty. The bank manager is saying the staff of the bank has hand on these missing gold.

Come on Auditors what the hell you are doing when you go for Audit.
  • #354,968
  • Dec 30, 2010 11:37am Dec 30, 2010 11:37am
Quoting infinitus
Hi Gator,

I have experienced the same with Dukascopy vs. GCI vs. Broco and a few others. It seems that it depends on how they calculate the opening on Sunday night.

That produces strange effects. When one compares GCI and Dukascopy you get, that on 1min, 15min, 30min and 60min the candles are similiar, but on 5 min, 240min and daily it sucks.

This problem shoots me a big hole in my Elliott-Wave. I do not know how to circumvent this problem. Neely in his book "Objective Elliott Wave" adressed this problem with markets which are opened 24h a...
a sight with accurate numbers would help.
those who can, do. those who cant, talk about those who can
  • #354,969
  • Dec 30, 2010 11:37am Dec 30, 2010 11:37am
Apt are you there? I pmed the link to the charts ... did you receieve it?
There is no royal road to anything.
  • #354,970
  • Dec 30, 2010 11:39am Dec 30, 2010 11:39am
Quoting skozyuk
There are two possible outcomes with every trade;

1) Profit
2) Loss

Following this thread for trading signals is no different than tossing a coin to determine buy/sell direction. I have been lurking here for almost two years, and know some frequent poster that are more right than wrong in some instance. However, everything you see here is just random opinions.
You forgot BE.

Just messing with u.

I hope nobody really takes this thread as a signal service, but like a platform to discuss different views. I know in reality many people do follow some of the most known traders here, but that is on them. What gets to me is when they start reacting aggressively against the people they were following when they get it wrong.

Human nature, I guess. We all want something for nothing.
  • #354,971
  • Dec 30, 2010 11:39am Dec 30, 2010 11:39am
Quoting gatorinla
a sight with accurate numbers would help.
gator, have you given it to the bears yet?
Look Sharp/Trade Tight
  • #354,972
  • Dec 30, 2010 11:40am Dec 30, 2010 11:40am
Quoting Magix
All good in the hood Killer...

East for the time my friend, M5 support on deck.

About the only thing that would make me worry about taking a long is the H4 sharp rejection off the 200....
I am in agreement with your analysis, my opinion is not to long until this area is
broken http://www.forexfactory.com/showthre...03#post4275503
"Your Best trade is a loss with minimum risk"
  • #354,973
  • Dec 30, 2010 11:40am Dec 30, 2010 11:40am
Quoting gatorinla
i expect a wtf... atm usdx at 7963. 7965 is a fib.. over 7971 will start the ball.. its about 8 pips away on usdx.. that about 18 on eu.. about 3244.. no tp in mind ...atm eu 3259 is support..
careful with longs below 59.. where in a thin market.. we broke 65... wtf.... could be way down.. i dare to say again 2969/80 2804.. when it sinks in
those who can, do. those who cant, talk about those who can
  • #354,974
  • Dec 30, 2010 11:41am Dec 30, 2010 11:41am
Quoting PayTheLimit
Magix, I'm still looking to the hourly for clues. Even if we close under 3266, it will depend on how we do it. Right now this hourly is rather unimpressive.

ps, if we close under 3255/3249, I'll give it to the bears...
The clock ticking into the last few trading hours of the year...London now closed, Yank movement as of current sucks...

We could just go into a 10 pip sideways channel for the next 12 hrs...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #354,975
  • Dec 30, 2010 11:41am Dec 30, 2010 11:41am
Quoting Zink
and people that feel in love with their open trades in loss and trying/praying to market go to their trades!
We all do, once a trader enters a position we obviously have a bias to bull or bear. This is basic psychology. Like someone said earlier, "My buy button works just as well as sell".

For me personally this thread is way to express my bias as a trader and see what others are doing. I'm usually already in the trade or closed one by the time post goes up.
  • #354,976
  • Dec 30, 2010 11:42am Dec 30, 2010 11:42am
Quoting Forexbiz
I am in agreement with your analysis, my opinion is not to long until this area is
broken http://www.forexfactory.com/showthre...03#post4275503
Post... http://www.forexfactory.com/showthre...02#post4275502
"Your Best trade is a loss with minimum risk"
  • #354,977
  • Dec 30, 2010 11:43am Dec 30, 2010 11:43am
Quoting cloggie
testing 3245 is a possibility here

It only took 2 hours, but we are getting there.
  • #354,978
  • Dec 30, 2010 11:44am Dec 30, 2010 11:44am
Quoting Magix
The clock ticking into the last few trading hours of the year...London now closed, Yank movement as of current sucks...

We could just go into a 10 pip sideways channel for the next 12 hrs...

I am not trading anymore this year, lol
Look Sharp/Trade Tight
  • #354,979
  • Dec 30, 2010 11:44am Dec 30, 2010 11:44am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/png.gif 2010-12-30_00h17_EURUSD _ x-Daily _ 000.PNG (115.5 KB)

Okey-dokey ... we have closed our short positions around 1.3219 - 1.32185 ...

Not much pressure to the downside atm ... and overall trend potential has been neutralized by this move to the upside ...

Rollover and new value date has been at 1.3225/26 ...

Further upside attempts are still in the cards ......

http://cdn.forexfactory.com/images/attach/png.gif 2010-12-30_18h06_EURUSD _ x-Daily _ 000.PNG (117.9 KB)


Okey-dokey ... time for a RECAP from yesterdays Outlook ...


Not much pressure to the downside atm ... and overall trend potential has been neutralized by this move to the upside ...

Rollover and new value date has begun at 1.3225/26 ...

Further upside attempts are still in the cards ...

Elliott points up from 1.3084 reversal zone ... with projection and possible objectives at 1.3276 and 1.3320 zone ...

Immediate range is seen between 1.3202 and 1.3228/ 1.3239 ...

Third class long entries between 1.3202 - 1.3195 ... and 1.3186 - 1.3174 ...

Supports at 1.3154 - 1.3126 should hold at first ... while 1.3254 - 1.3281 or beyond that even 1.3310 - 1.3338 will be eyed ...

Cross of below 1.3120 - 1.3102 would re-open the downside ...

Only cross of below ... he he ^^


Mehr gibt es erst mal nicht ... wozu auch ... ich brauch diesen Stall hier nicht wirklich ...

Ach ... ehe ich es vergesse ... we reversed it at 1.33097 ... and then we pipped it down again ...

So our beloved market rythm has been first up ... then downside correction again ...

Jede Menge Punkte gemacht ... und Netto plus 9010 Tacken kurz vor Jahresschuß ... und ohne Stress ... und very low leverage ... und die ganze Zeit den Kiosk-Dreck hier noch nicht einmal gelesen ...

Evtl. hole ich das später noch nach ... würg ...

Und tschüss dann ...



;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-12-30_18h06_EURUSD _ x-Daily _ 000.PNG Size: 118 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #354,980
  • Dec 30, 2010 11:44am Dec 30, 2010 11:44am
Quoting piptornado
You forgot BE.

Just messing with u.

I hope nobody really takes this thread as a signal service, but like a platform to discuss different views. I know in reality many people do follow some of the most known traders here, but that is on them. What gets to me is when they start reacting aggressively against the people they were following when they get it wrong.

Human nature, I guess. We all want something for nothing.
Break even is a loss in my book. Its loss of time and opportunity!
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