daily trendline + resistance at 135
- #9,543
- Mar 5, 2011 4:27am Mar 5, 2011 4:27am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #9,548
- Mar 5, 2011 10:13am Mar 5, 2011 10:13am
about psychology there is a nice book called "trading in the zone" by mark douglas. i suggest this one to read. there are few techniques. i think i have a pdf somewhere. if anyone wants it can send me email to PM and i will try to find it and and send it.
Something else I would recommend all traders read is "Phantom of the Pits". Its a PDF file that you can download by clicking on the link in my signature. It will open your eyes about how to survive in the long run.
Happy reading/discovering!
Peace,
SatchFan
Mark Douglas has another book I would recommend. It's called "The Disciplined Trader, Developing Winning Attitudes".
Something else I would recommend all traders read is "Phantom of the Pits". Its a PDF file that you can download by clicking on the link in my signature. It will open your eyes about how to survive in the long run.
Happy reading/discovering!
Peace,
SatchFan
- #9,554
- Mar 6, 2011 10:03am Mar 6, 2011 10:03am
I HAD TO underline it.... thank u for the compliment, but u can believe me, i am not even close of being a pro... but i put much effort in it and soon i will be (i must be!). Around here the bous is Azim (he even is a show off like bosses do
)
You are fortunate to have a boss like this - make the most of his teachings! One of these days he may disappear, buy an island or two and become a philanthropist. Then you will have to be the boss and teach me
It's a dirty job but someone's gotta do it!
- #9,555
- Mar 6, 2011 11:59am Mar 6, 2011 11:59am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #9,558
- Mar 7, 2011 12:55am Mar 7, 2011 12:55am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
ok fellas... let's go back to some analysis....
On Friday USDX confirmed the break of 76.73 which now become even the weekly pivot (meaning for the first time it didn't touch that level at all), which confirm the weakness of dollar... the next minor resistence is at 76.12 and the next huge resistence is 75.77. so basically.. till now dollar looks like being in deep crap
Eurx gave us some nice upside last thursday and on friday we even touched 1.4000 on EURUSD. So the overall sentiment is still of course on the upside, but today we might see some retracement. Wouldnt surprise me if we will see today 108.83 (current price around 109.14), that is a line of resistence+ weekly pivot+monthly r2. Interesting how these levels line up together...
GBPLFX is still struggling around monthly pvt and weekly pvt... but as i said some days ago there is a formation that might look like bullflag. with that weak dollar if it's triggered, we might see 64 in a blink!
GBPUSD and EURUSD still in bull mode (even though as it has been spotted.. EU is facing some huge HTL)... so don't get caught on the other side till there isn't any clear signal... Personally i would like to see some downside on both pair.. to load some longs.. but time will tell.
as usual comments are welcome! (if anybosy wants chart of USDX or EURX or GBPLFX just ask and i will put them here... this post is already long without charts
)
On Friday USDX confirmed the break of 76.73 which now become even the weekly pivot (meaning for the first time it didn't touch that level at all), which confirm the weakness of dollar... the next minor resistence is at 76.12 and the next huge resistence is 75.77. so basically.. till now dollar looks like being in deep crap
Eurx gave us some nice upside last thursday and on friday we even touched 1.4000 on EURUSD. So the overall sentiment is still of course on the upside, but today we might see some retracement. Wouldnt surprise me if we will see today 108.83 (current price around 109.14), that is a line of resistence+ weekly pivot+monthly r2. Interesting how these levels line up together...
GBPLFX is still struggling around monthly pvt and weekly pvt... but as i said some days ago there is a formation that might look like bullflag. with that weak dollar if it's triggered, we might see 64 in a blink!
GBPUSD and EURUSD still in bull mode (even though as it has been spotted.. EU is facing some huge HTL)... so don't get caught on the other side till there isn't any clear signal... Personally i would like to see some downside on both pair.. to load some longs.. but time will tell.
as usual comments are welcome! (if anybosy wants chart of USDX or EURX or GBPLFX just ask and i will put them here... this post is already long without charts
)
I don't want a job, i want money!
- #9,560
- Mar 7, 2011 1:26am Mar 7, 2011 1:26am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!