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Price is everything

  • #7,461
  • Feb 2, 2011 1:02am Feb 2, 2011 1:02am
Quoting Dropped Onion
lets go USD bulls. drive that Dollar. tank EU!!!
hi Orion.same view.but egypt still mess.any thought?
Gold Expedition Return This Year: -16.4%
  • #7,462
  • Feb 2, 2011 1:08am Feb 2, 2011 1:08am
Quoting budak baru
hi Orion.same view.but egypt still mess.any thought?
Egypt may affect Europe more than US right now. more Euro consumed oil comes through Suez canal, US bound oil goes around cape of good hope. also plenty of supply from canada for US market. this could technically push EU lower, although many other factors to consider.

that's why Red says its all in the bars. all this speculation, news, economic data get absorbed in the bars. read the charts, trade the bars/candles/PA
  • #7,463
  • Feb 2, 2011 1:12am Feb 2, 2011 1:12am
Quoting Dropped Onion
Egypt may affect Europe more than US right now. more Euro consumed oil comes through Suez canal, US bound oil goes around cape of good hope. also plenty of supply from canada for US market. this could technically push EU lower, although many other factors to consider.

that's why Red says its all in the bars. all this speculation, news, economic data get absorbed in the bars. read the charts, trade the bars/candles/PA
identify opportunity
click buy/sell
win some. lose some

just make sure win > lose and bob's your uncle. just dont bet the farm on any one trade (or set of trades) and don't aim for home runs every time. hey presto - you're a trader
  • #7,464
  • Feb 2, 2011 1:16am Feb 2, 2011 1:16am
Quoting Dropped Onion
approaching UTL now. also area that may be R turned S. London opens shortly...
cable.

so far R turned S, holding prices North. although that could change quickly. previous 5 15m BARS have not closed below support.

maybe one last rocket to the upside?
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  • #7,465
  • Feb 2, 2011 1:17am Feb 2, 2011 1:17am
Quoting Dropped Onion
hey Mfx. cable ripe for a correction at the very least. even conservative traders would expect a pullback after recent run...
A correction SHOUL be on the cards, but as we know what SHOULD and ACTUALLY happens differ quite a bit LOL!!
I expect support @ black ascending TL. It's the paralell TL of the lower lows one, and it has worked as support to the pip as we can see. i won't trade until i see some action around it.
In 60 pips we got a lot of S&R levels, TL's, fibos and S$D clusters all aorund.
Sitting on my handds atm. Good luck!
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  • #7,466
  • Feb 2, 2011 1:18am Feb 2, 2011 1:18am
Quoting maurofx
A correction SHOUL be on the cards, but as we know what SHOULD and ACTUALLY happens differ quite a bit LOL!!
I expect support @ black ascending TL. It's the paralell TL of the lower lows one, and it has worked as support to the pip as we can see. i won't trade until i see some action around it.
In 60 pips we got a lot of S&R levels, TL's, fibos and S$D clusters all aorund.
Sitting on my handds atm. Good luck!
interesting.

off topic: a Messi fan? surely
  • #7,467
  • Feb 2, 2011 1:23am Feb 2, 2011 1:23am
Quoting maurofx
A correction SHOUL be on the cards, but as we know what SHOULD and ACTUALLY happens differ quite a bit LOL!!
agreed. the difference between them is having an account and having an empty or heavily bruised trading account, if you trade what should happen........

we live in the real world during the week. weekend is a different story. no charts, no markets, no trades, no research, nothing but fun
  • #7,468
  • Feb 2, 2011 1:37am Feb 2, 2011 1:37am
Quoting Dropped Onion
interesting.

off topic: a Messi fan? surely
LOL!! Yeah, damn Messi!! He's the best, but in my country it doesn't matter how good you're in your team, you have to show your skills on the National Team...hope he can get us another world cup.
  • #7,469
  • Feb 2, 2011 1:41am Feb 2, 2011 1:41am
Quoting Dropped Onion
Hey Red,

any outlook on euro dollar? my long term options plays are underwater. i need to see lower prices. can anyone sink this thing to under 1.30. time is one my side....PA, so far is not.

Thx,
D.O.
DO,

You might wanna read this before you go long.

http://www.forexfactory.com/showpost...&postcount=463
  • #7,470
  • Feb 2, 2011 1:46am Feb 2, 2011 1:46am
Quoting Dropped Onion
Egypt may affect Europe more than US right now. more Euro consumed oil comes through Suez canal, US bound oil goes around cape of good hope. also plenty of supply from canada for US market. this could technically push EU lower, although many other factors to consider.

that's why Red says its all in the bars. all this speculation, news, economic data get absorbed in the bars. read the charts, trade the bars/candles/PA
Gold Expedition Return This Year: -16.4%
  • #7,471
  • Edited 2:06am Feb 2, 2011 2:04am | Edited 2:06am
How far more can it go??? I doin't think commodities ralliyng against USD can last much more. Pull a weekly chart and you'll see it clearer. My guess is on the next day some PIIGS history or EURO problem news willl raise again on the media, and suddenly everyone will be talking about parity again.
In the meantime, trust your TL's, fibos, S&D levels and in Mr Red "pipman" Sword11 LOL!!!
Seriously, it's been a long time since we're not trading trending markets, a little shift in sentiment and it will be gone, even more when there's no strong reason for USD weakness.
My two cents.
Have a good one everyone!
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  • #7,472
  • Feb 2, 2011 2:14am Feb 2, 2011 2:14am
Quoting maurofx
How far more can it go??? I doin't think commodities ralliyng against USD can last much more. Pull a weekly chart and you'll see it clearer. My guess is on the next day some PIIGS history or EURO problem news willl raise again on the media, and suddenly everyone will be talking about parity again.
In the meantime, trust your TL's, fibos, S&D levels and in Mr Red "pipman"...

Agreed and this is a strong trend U-P - 1.6 anyone?

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  • #7,473
  • Feb 2, 2011 2:26am Feb 2, 2011 2:26am
Hi to all,
GBPAUD and AUDUSD PA watch.
I think we are getting strong confluence on many pairs that DX might find its demand zone.
  • #7,474
  • Feb 2, 2011 2:27am Feb 2, 2011 2:27am
hi folks.demand area?im looking for long..
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Gold Expedition Return This Year: -16.4%
  • #7,475
  • Feb 2, 2011 2:35am Feb 2, 2011 2:35am
Quoting Sdvsa
Hi to all,
GBPAUD and AUDUSD PA watch.
I think we are getting strong confluence on many pairs that DX might find its demand zone.
GA:
http://img820.imageshack.us/img820/7...shortsetup.png
  • #7,476
  • Feb 2, 2011 2:56am Feb 2, 2011 2:56am
Hi all. Trying long swissy and UJ.
Hello.
  • #7,477
  • Feb 2, 2011 3:06am Feb 2, 2011 3:06am
bought loony @ 0.98785



....... and thanks everyone, comments aand thoughts


lets get to it
  • #7,478
  • Feb 2, 2011 3:11am Feb 2, 2011 3:11am
Quoting redsword11
Attachment



see all the bulls in the triangle - GIVING YOU THE IMPRESSION ITS BULLISH AS ALL HELL - thats a trap

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can't not be hidden in the bars
  • #7,479
  • Feb 2, 2011 3:11am Feb 2, 2011 3:11am
long EJ @ 112.56
Hello.
  • #7,480
  • Feb 2, 2011 3:17am Feb 2, 2011 3:17am
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