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  • #401,401
  • Mar 4, 2011 2:06pm Mar 4, 2011 2:06pm
Quoting Venice
This is how I feel about the market at times... lol


http://www.youtube.com/watch?v=T8Xb_7YDroQ
There is a lot of time between today and next month when EU raises rate. I don't think this level has much attraction for fresh buying after dealers locking in profits on not so good NFP numbers. That means there is one valid direction in the next few days: Upside Down.
The Thief of Wall Street
  • #401,402
  • Mar 4, 2011 2:09pm Mar 4, 2011 2:09pm
Quoting AllyB
My computer took a dump on me last week and after trying to reinstall blah blah blah I gave up on it and got another one. My first Windows 7 operating system and have spent the last couple days getting to know it. Copying all my templates and indies over (at one point I thought I lost them) and I am now good to go so it's a happy TGIF for me. Now to make some pips so I can pay for it

The daily chart I posted earlier is what I am going by and thinking the same as you ... "should" go down!
ally, if not, promise not to let go...

http://www.lovelylovesayings.com/ima...t-Dicaprio.jpg
  • #401,403
  • Mar 4, 2011 2:12pm Mar 4, 2011 2:12pm
Quoting Mr Hatch
ally, if not, promise not to let go...

http://www.lovelylovesayings.com/ima...t-Dicaprio.jpg
I promise Hatch ... together all the way!
  • #401,404
  • Mar 4, 2011 2:15pm Mar 4, 2011 2:15pm
Quoting Mr Hatch
ally, if not, promise not to let go...

http://www.lovelylovesayings.com/ima...t-Dicaprio.jpg
Hatch... I literally am laughing my ass off... my coworkers are looking at me like I am a bloody fool..... lol
  • #401,405
  • Mar 4, 2011 2:17pm Mar 4, 2011 2:17pm
Quoting Venice
Hatch... I literally am laughing my ass off... my coworkers are looking at me like I am a bloody fool..... lol
You and me both Venice!!! I love his humor ...

Time for cocktails and y'all have a great weekend and catch you later.
  • #401,406
  • Mar 4, 2011 2:19pm Mar 4, 2011 2:19pm
have a good one, cu next week.
  • #401,407
  • Mar 4, 2011 2:21pm Mar 4, 2011 2:21pm
DOW is getting tired of the climb...equities will start to sell off THIS week to reflect quarterly profits. Mark it down.
  • #401,408
  • Edited 2:37pm Mar 4, 2011 2:21pm | Edited 2:37pm
So the upraising still continues , very cautious & rangee though , not unlikely .I see my long still safe & passed through nfp ( not seen yet what result ) not seeing much though .
fontu
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Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #401,409
  • Mar 4, 2011 2:26pm Mar 4, 2011 2:26pm
Quoting T.E.Lawrence
I have 4 longs opened (2 from yesterday, 2 from today) - risking my weekly profit. I will try to exit earlier, of course, but not sure if it would be possible, fxcm slows down during such news. Will post my loss.
I've just finally closed all of my trades, +117 pips.
  • #401,410
  • Mar 4, 2011 2:30pm Mar 4, 2011 2:30pm
Quoting T.E.Lawrence
I've just finally closed all of my trades, +117 pips.
The chart (m15):

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  • #401,411
  • Mar 4, 2011 2:33pm Mar 4, 2011 2:33pm
Quoting Redeemed1
DOW is getting tired of the climb...equities will start to sell off THIS week to reflect quarterly profits. Mark it down.
may be , still not , need confirmation breaks below 1197 & 1168. otherwise may back again , more ranges expected there .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #401,412
  • Mar 4, 2011 2:46pm Mar 4, 2011 2:46pm
Quoting SunTrader
I don't trade these type of patterns but aren't you supposed to wait for them to complete otherwise they are not valid? And also once they complete that is where to enter.
Sorry for late reply , was out . I found it very very usefull and accurate if you can find 3 legs , then you can play the fourth leg to finish the pattern and then reverse. Here is the trick. Pull a fib from X to A to find the point B . Now, wait and see if the price goes up and hit the .236 line of the same fib and reverse, If it does , Price will go to point D 95 % of the time . Try to find a pattern up to C point @ .236 line and then watch what i am talking about.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #401,413
  • Mar 4, 2011 2:53pm Mar 4, 2011 2:53pm
Quoting samdani786
Sorry for late reply , was out . I found it very very usefull and accurate if you can find 3 legs , then you can play the fourth leg to finish the pattern and then reverse. Here is the trick. Pull a fib from X to A to find the point B . Now, wait and see if the price goes up and hit the .236 line of the same fib and reverse, If it does , Price will go to point D 95 % of the time . Try to find a pattern up to C point @ .236 line and then watch what i am talking about.
One more point ( If you dont know already ) . If the first ret. @ point B is .618 or or less, point D will most likely make a Gartley or Bat . and if point B is .786 or .886. Point D will most likely make Butterfly or Crab Pattern .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #401,414
  • Mar 4, 2011 2:55pm Mar 4, 2011 2:55pm
Quoting Leche Mocha
Nice USDCHF chart work, samdani786.
Thanks man Now i think is the time to go bull on that . We will see to it next week. GL
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #401,415
  • Mar 4, 2011 3:01pm Mar 4, 2011 3:01pm
Quoting samdani786
Thanks man Now i think is the time to go bull on that . We will see to it next weak. GL
Well, at least I know I am not alone on that one then... lol, I have been loading a long position this week bit by bit and on the rejections to the south. Nice little average position is built and now I just gotta wait for it to get off it's arse and get moving.

I'm just expecting a small retrace, but we will see as it comes.
  • #401,416
  • Mar 4, 2011 3:01pm Mar 4, 2011 3:01pm
Just checking the last wave 5th , seems still to go high & high to end or fail.not enough or nearer yet ,and in that case usdx may break trendline support at 76.14.if let go below there ?

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #401,417
  • Mar 4, 2011 3:18pm Mar 4, 2011 3:18pm
Quoting SunTrader
I don't trade these type of patterns but aren't you supposed to wait for them to complete otherwise they are not valid? And also once they complete that is where to enter.
Presenting one more example of playing leg 4 from point C to D after price bouncing @ .236 line of the same fib . This way, you get 2 good and big trades . 1, finishing the 4th leg of the Pattern and 2nd , the reaction of the Pattern .
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #401,418
  • Mar 4, 2011 3:20pm Mar 4, 2011 3:20pm
Quoting fontu
Just checking the last wave 5th , seems still to go high & high to end or fail.not enough or nearer yet ,and in that case usdx may break trendline support at 76.14.if let go below there ?

fontu
my count.
the pest is monday count may be over so i am short already.
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  • #401,419
  • Mar 4, 2011 3:22pm Mar 4, 2011 3:22pm
Quoting Venice
Well, at least I know I am not alone on that one then... lol, I have been loading a long position this week bit by bit and on the rejections to the south. Nice little average position is built and now I just gotta wait for it to get off it's arse and get moving.

I'm just expecting a small retrace, but we will see as it comes.
I myself already stop shorting this pair and expecting a reversal soon . Will start building longs after confirmation. Good luck with your Trade bro .

The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #401,420
  • Mar 4, 2011 3:27pm Mar 4, 2011 3:27pm
Quoting samdani786
Sorry for late reply , was out . I found it very very usefull and ..........
Thanks but as I said I don't trade these and entering on 3rd leg before 4th completes pattern is like "putting the cart before the horse".

Good trading none the less.
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