I actually went through just about all your post on james16 thread and studied your charts and your words. Your a great trader.
Maybe not great, but I'm wiser than I was a year or so ago...
- #301
- Jan 14, 2011 2:12pm Jan 14, 2011 2:12pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Maybe not great, but I'm wiser than I was a year or so ago...
- #302
- Jan 14, 2011 2:35pm Jan 14, 2011 2:35pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
One last thing before I go hiking...
I met young fellow few days ago (a vivid stock trader I should say), who trades based on.... yes, news casters. Poor kid is down 10% since jan 2009 and considers himself lucky, cause his friend (10year veteran) lost 60% during the same period.
I showed him few 'gurus' from FF's news division. We went through several of their predictions and concluded that if we I listened to Yo, Mu and others, we'd be 80% down last year
(The only one, we respect here is Jason, who trades his own money).
No, I didn't told him what I do, but referenced few good posts on J16chart thread, which deal with importance of support and resistance.
That's 'crap' he said, maybe news casters on FF are full of it, but those who speak on bloomberg know what they're talking about...
Oh well, I tried...
In the meantime, a short term trade we took last night was closed @ 0.9970. (Yes, I know Mike... no space and into the ppz LOL, but... last night euro move is the hint here.. )
CRAP!..
Enjoy your weekend and start studying the CRAP. Trusts me (or don't
), your trading will never be the same.
Cheers!
CRAP!
I met young fellow few days ago (a vivid stock trader I should say), who trades based on.... yes, news casters. Poor kid is down 10% since jan 2009 and considers himself lucky, cause his friend (10year veteran) lost 60% during the same period.
I showed him few 'gurus' from FF's news division. We went through several of their predictions and concluded that if we I listened to Yo, Mu and others, we'd be 80% down last year
(The only one, we respect here is Jason, who trades his own money). No, I didn't told him what I do, but referenced few good posts on J16chart thread, which deal with importance of support and resistance.
That's 'crap' he said, maybe news casters on FF are full of it, but those who speak on bloomberg know what they're talking about...
Oh well, I tried...
In the meantime, a short term trade we took last night was closed @ 0.9970. (Yes, I know Mike... no space and into the ppz LOL, but... last night euro move is the hint here.. )
CRAP!..
Enjoy your weekend and start studying the CRAP. Trusts me (or don't
), your trading will never be the same. Cheers!
CRAP!
- #303
- Edited 3:19pm Jan 14, 2011 2:38pm | Edited 3:19pm
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
As far as I see in the latest posts, I supposed that you did well this week,
I wish I could say the same about me but took multiple losses.
I was caught on the wrong foot on several pairs.
Need a new start next week with an open mind and much more flexibility in thinking regarding the price movement.
all the best!!
edit: who is jason? bc didn't saw his post anywhere
I wish I could say the same about me but took multiple losses.
I was caught on the wrong foot on several pairs.
Need a new start next week with an open mind and much more flexibility in thinking regarding the price movement.
all the best!!
edit: who is jason? bc didn't saw his post anywhere
- #304
- Jan 14, 2011 2:50pm Jan 14, 2011 2:50pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
As far as I see in the latest posts, I supposed that you did well this week,
I'll post a link if I find him and don't forget.
- #305
- Jan 17, 2011 7:01am Jan 17, 2011 7:01am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
What do you think about gold,is it due to a reaction? we are in a secular primary up trend for the last 10 years, look at the recent volatility over the last 2 months it is behaving like she is topping.
She need for a rest so a correction is necessary,is like the old cycle and a period of readjustment is needed. In the long term by bias are still up till it will tell me is over, but in the meanwhile just go with the flow.
OIL: took a long position but if it will not break upward this week, I'm not sure that in the medium term it will go higher. But if will break higher only God will know how higher it will go. I'm open for any kind of action, the market will tip her hands up in which direction she will follow, the line of least resistance is not clear,yet
short position on fiber.......liquidate......waiting.......reload.....and shot for a long position
She need for a rest so a correction is necessary,is like the old cycle and a period of readjustment is needed. In the long term by bias are still up till it will tell me is over, but in the meanwhile just go with the flow.
OIL: took a long position but if it will not break upward this week, I'm not sure that in the medium term it will go higher. But if will break higher only God will know how higher it will go. I'm open for any kind of action, the market will tip her hands up in which direction she will follow, the line of least resistance is not clear,yet
short position on fiber.......liquidate......waiting.......reload.....and shot for a long position
- #307
- Jan 18, 2011 4:44am Jan 18, 2011 4:44am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
your a good dude rac.
thanks for visiting.
What do you think about gold,is it due to a reaction? we are in a secular primary up trend for the last 10 years, look at the recent volatility over the last 2 months it is behaving like she is topping.
She need for a rest so a correction is necessary,is like the old cycle and a period of readjustment is needed. In the long term by bias are still up till it will tell me is over, but in the meanwhile just go with the flow.
OIL: took a long position but if it will not break upward this week, I'm not sure that in the medium term it will go higher....
- #309
- Jan 19, 2011 2:11am Jan 19, 2011 2:11am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
.....
OIL: took a long position but if it will not break upward this week, I'm not sure that in the medium term it will go higher. But if will break higher only God will know how higher it will go. I'm open for any kind of action, the market will tip her hands up in which direction she will follow, the line of least resistance is not clear,yet
oil she already tips her hands up, and she disclose what will do next.(this is by far my biggest position that I have ever build up). My blood pressure and
heart rate are not to normal level, I'm ready to kill it if she doesn't break upward
Price always follow the line of least resistance.
you are only pay if you take the risk, so I'm putting my money where my mouth is.
timing your entry and being patience is mandatory for being able to be in the right mindset.
on gold there is was no intention of a big correction,yet ......so instead I followed the flow to the upside
edit: enough of posting have already speak to much
- #311
- Jan 19, 2011 9:42am Jan 19, 2011 9:42am
- Joined May 2009 | Status: LIFE ITSELF | 1,058 Posts
she was giving me some headache, the door for the downside move had open at that moment and wasn't willing to take any risk.(see first chart)
I'm very flexible,and from points that I pick up there is only two possibility,or she will go in my direction or she will go opposite my bias in a strong fashion way. The reason that she didn't break as it should be done,give me some thinking, if they didn't let her play higher was reason enough to change my bias and go with the flow, had forced to close my long and shorted the march contracts. I'll babysit this position and stay nimble maybe is due to a reaction
This flip flap was a tough one.
hope that didn't do any harm with my post, but thats the way I'm doing my operation.
I'm very flexible,and from points that I pick up there is only two possibility,or she will go in my direction or she will go opposite my bias in a strong fashion way. The reason that she didn't break as it should be done,give me some thinking, if they didn't let her play higher was reason enough to change my bias and go with the flow, had forced to close my long and shorted the march contracts. I'll babysit this position and stay nimble maybe is due to a reaction
This flip flap was a tough one.
hope that didn't do any harm with my post, but thats the way I'm doing my operation.
- #315
- Jan 19, 2011 10:10pm Jan 19, 2011 10:10pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Imho, oil will meet its faith as the US housing market did two years ago..
awesome-rrific!
that would be good for gas prices, specially in my place
the gas giants here are draining us dry.
- #316
- Jan 19, 2011 10:38pm Jan 19, 2011 10:38pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
u mean it'll crash?
awesome-rrific!
that would be good for gas prices, specially in my place
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #317
- Jan 20, 2011 1:15am Jan 20, 2011 1:15am
u mean it'll crash?
awesome-rrific!
that would be good for gas prices, specially in my place
Oil is going to 150-200. Wouldn't bet on a crash anytime soon.
this is one ive been watching for a while....lets see how it pans out.
Simplicity is the key to success
- #320
- Jan 20, 2011 5:17am Jan 20, 2011 5:17am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Kaboom . . . . hmmm . .
.. I need more gun power.
. . hmmm . . .. I need more gun power.
Indicators show the past. Price Action "Indicates" the future.