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  • #410,061
  • Mar 18, 2011 3:44pm Mar 18, 2011 3:44pm
Quoting SirMcPip
No problem buddy...but if you have to go long now consider a 500 pip SL. Good luck .

oh don't worry about me. I scalp.
  • #410,062
  • Mar 18, 2011 3:46pm Mar 18, 2011 3:46pm
Quoting gatorinla
you already know the math... pull up a chart.. any chart study it.. forget all you know. go to the high and low of that chart.. then find the mid point.. its the same on smaller tf... ok pair goes from point a to point b.... it will return to a or make a new path to c... a+b =c (add to the direction from b)
a to b has a mid point.. on the bounce from b to a its what i call the mofu.. it may never make it to a... the same is true at the same distance on the way to the predicted c. the mid area to c is a mofu also
sounds like your trading the sixth lines
like this:
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  • #410,063
  • Mar 18, 2011 3:48pm Mar 18, 2011 3:48pm
We have clearly formed a Batman on the M15....

I think we can all see where this is going...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #410,064
  • Mar 18, 2011 3:49pm Mar 18, 2011 3:49pm
Quoting attila
for people trying to short this longer term, let me point your attention to the fact that this e/u bull trend started around june of last year(I only see two bear candles on the monthly)...
You won't be finding me trying to start a southbound trip by getting on a northbound train and staying on when it reaches the end of its line to reverse direction, but I would advance one reason some caution here might be prudent.

Some might think references to commodities, mostly by PTL and myself, are folly and perhaps inappropriate. In fact, whenever USD appears in the denominator of a currency pair, commodities denominated in USD have a good deal of information on the longer TF behavior of that pair.

Here's a one year graph of December 11 corn futures, and also the E/D. While the correlation is not perfect (it's not supposed to be for this purpose) the mid-'10 bottom can be seen lining up pretty well, as can the November retractment, and the subsequent trending rise.

In general, major tops and bottoms in major US export commodities and tops and bottoms of major XXX/USD pairs correspond quite well.

While it's not possible to untangle Japan effects from other causes, there has been in the last weeks, sequences of sharp down moves in the major US exports products. They've recovered, mostly, but, they are looking a little toppy.

That said, the correlation is not great enough that unless someone has very very deep pockets, and clanks when he walks, this is no time to call the E/D "top," earthquakes, debt crises, USD problems, or Mayan calendars notwithstanding.

This is just FWIW. NOTE THAT THE TIME ALIGNMENT BETWEEN THE CHARTS IS NOT PERFECT.

All, have yourselves fine days off.
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  • #410,065
  • Mar 18, 2011 3:50pm Mar 18, 2011 3:50pm
Quoting SirMcPip
No problem buddy...but if you have to go long now consider a 500 pip SL. Good luck .
just a favor for you. remember these two numbers 4280 and 4820. nice symmetrical numbers
  • #410,066
  • Mar 18, 2011 3:51pm Mar 18, 2011 3:51pm
Quoting SkyzerFX
Of course, you geniuses hold EU since January... Keep holding..

I was 2 days ago been long UJ without stop loss and half of the board call me names..

EUR overvalued and overbought. 1.30 coming, cause at 1.50 Trichet will die from hard attack.

With higher interest rate all those PIGGS will start jumping off 10000 feet high, without parachute..

I'm well prepare for the show.. Hope they do rise rates, but ain't gonna happened.
Weren't you calling for EU 1.7 or something a lil while back lol
  • #410,067
  • Mar 18, 2011 3:53pm Mar 18, 2011 3:53pm
Quoting gatorinla
you already know the math... pull up a chart.. any chart study it.. forget all you know. go to the high and low of that chart.. then find the mid point.. its the same on smaller tf... ok pair goes from point a to point b.... it will return to a or make a new path to c... a+b =c (add to the direction from b)
a to b has a mid point.. on the bounce from b to a its what i call the mofu.. it may never make it to a... the same is true at the same distance on the way to the predicted c. the mid area to c is a mofu also
thanks, you're the man. will study the charts over the weekend.

i've noticed that you use the word 'mofu' in your post pretty often, but had no idea what it means. that is why i think you should write it somewhare where everyone could read it. otherwise you will just get pissed everytime someone who just came here asks you what it means
Everyone has a plan 'till they get punched in the mouth.
  • #410,068
  • Mar 18, 2011 3:53pm Mar 18, 2011 3:53pm
Quoting attila
nice symmetrical numbers
Even Nicer Symmetrical Numbers

8008

Not only perfect symmetry, spells B00B on a calculator!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #410,069
  • Mar 18, 2011 3:53pm Mar 18, 2011 3:53pm
thank you for your analysis. this is what should be expected from a senior member.

Quoting OldQuant
You won't be finding me trying to start a southbound trip by getting on a northbound train and staying on when it reaches the end of its line to reverse direction, but I would advance one reason some caution here might be prudent.

Some might think references to commodities, mostly by PTL and myself, are folly and perhaps inappropriate....
  • #410,070
  • Mar 18, 2011 3:54pm Mar 18, 2011 3:54pm
Quoting OldQuant
mostly by PTL and myself, are folly and perhaps inappropriate.
sounds like a good nite out on the town...lol, thanks for sharing some of you work and thoughts, have a good weekend brother, PTL
Look Sharp/Trade Tight
  • #410,071
  • Mar 18, 2011 3:55pm Mar 18, 2011 3:55pm
Quoting attila
just a favor for you. remember these two numbers 4280 and 4820. nice symmetrical numbers
Nothing wrong with these targets buddy...guess i am always seeing things thru the lens of the timeframes i trade....but if you wanna shoot for the second target entering now, you will probably need that kinda SL. Cheers!
  • #410,072
  • Mar 18, 2011 3:55pm Mar 18, 2011 3:55pm
Quoting Magix
Even Nicer Symmetrical Numbers

8008

Not only perfect symmetry, spells B00B on a calculator!
so you're going long there? i guess if you're talking about boobs.... LOL.
  • #410,073
  • Mar 18, 2011 3:56pm Mar 18, 2011 3:56pm
Quoting Magix
We have clearly formed a Batman on the M15....

I think we can all see where this is going...
no photoshop please.
  • #410,074
  • Mar 18, 2011 3:57pm Mar 18, 2011 3:57pm
Quoting KennyZ
I suspect lately he has been watching too many of Charles Bronson movies as he keep using the word vigilant.

He didn't confirm the April 2011 rate hike.. yet. Just a vigilant possibility.
I picked up on a comment he made when he was asked about rates ," I have nothing to withdraw"

no one said anything about him withdrawing his earlier rate comments .
So why would he say that.

One thing i know is they will put rates up if oil stays high because it will have i high impact on inflation.

But As its been reported that various contries are sending in the military to make sure he sticks to cease fire .
Early next week the worries over oil supply could receed and oil move back to the $90 mark.
Too early to tell depends what happens when they get there .

Does anyone remember the last time "Cross this line and you die " They did "Ok cross THIS line an you die " they did .
Lots of jokes about that at the time .

Technically nothing supporting these fundies at moment but nice to be aware of the potential .
If the tecnicals start to back up the background fundies ,its help give a little confidence to the trade.
making green pips large and red pips small this is my goal.
  • #410,075
  • Mar 18, 2011 3:57pm Mar 18, 2011 3:57pm
Quoting KennyZ
I suspect lately he has been watching too many of Charles Bronson movies as he keep using the word vigilant.

He didn't confirm the April 2011 rate hike.. yet. Just a vigilant possibility.
lol, thought not...

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  • #410,076
  • Mar 18, 2011 3:58pm Mar 18, 2011 3:58pm
Quoting attila
so you're going long there? i guess if you're talking about boobs.... LOL.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #410,077
  • Mar 18, 2011 3:59pm Mar 18, 2011 3:59pm
that axe wounded bat looks tempting, but I ain't holding over the weekend, not after last week!!
  • #410,078
  • Mar 18, 2011 3:59pm Mar 18, 2011 3:59pm
lol, nice chart batman...
Look Sharp/Trade Tight
  • #410,079
  • Mar 18, 2011 4:03pm Mar 18, 2011 4:03pm
Quoting SirMcPip
Nothing wrong with these targets buddy...guess i am always seeing things thru the lens of the timeframes i trade....but if you wanna shoot for the second target entering now, you will probably need that kinda SL. Cheers!
LOL. I am crazy but not that crazy. like i said today, I usually scalp the 30 seconds chart. the highest TF i'm trading is m15 when tings get really fast.

these numbers are a curiosity for me. however we're heading there.
  • #410,080
  • Mar 18, 2011 4:04pm Mar 18, 2011 4:04pm
Quoting pkimnyc
no photoshop please.
Not photoshop pk...

Its the Skyzer Batman formation.

I was just trying to enlighten the minds of our close of day members...



Enjoy your weekend guys!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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