those who can, do. those who cant, talk about those who can
- #413,521
- Mar 25, 2011 8:40am Mar 25, 2011 8:40am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
- #413,523
- Mar 25, 2011 8:43am Mar 25, 2011 8:43am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #413,525
- Mar 25, 2011 8:45am Mar 25, 2011 8:45am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Erm....
Nothing like throwing your account away for a market bias is there?
There were a few of us discussing the rejection off of last weeks close and this weeks open. The fact that we held below the week being positive for the vast amount of the week could mean that we could see a little profit taking and a bit of a retrace before heading for higher highs...
Now, some of us have even been discussing this since before the week opened...
There will always be the perma bears and the perma bulls, but wouldn't it infinitely make more sense...
hi
i did not post my chart coz need some time to spend...
anyway, i agree with your weekly analyze.
now i closed my long picked @61,8% exactly @4136 (few pips...)
as it is friday i go in steps im never able to pick a position in med term in friday. maybe one day i will be
below is my chart
will again buy if closes above upper green trendline
or will again buy near lower green trendline
90% of traders use TA, indicators and prediction
- #413,526
- Mar 25, 2011 8:47am Mar 25, 2011 8:47am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
I agree with you view Magix. Once a weekly chart highs get rejected back during the week the odds are always on a red close. The only think that allows a potential rebreak back up is that monthly range is in mania mode well above last high....
Given the bullish buy yesterday, I do believe that a lot of bears are sheepish, much the same as the bulls on a weekly open rejection...
I dunno where we are headed, but still see this as a red day on a red week...
I crashed early last night, after watching the dogshit range of 20-30 pips with no follow through on the long and short triggers. Though range was still below last weeks close, I never took the shorts...really, I didn't want to trust this as a sole indicator.
Woke up this morning to realize that I was correct in that we would see a bit of a bearish day, but really, it is just a few hours of market on a not so strong range.
I don't marry trades nor direction, so where we head is really moot...I just like to take a ride on the tour bus, no matter where it heads...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #413,527
- Mar 25, 2011 8:49am Mar 25, 2011 8:49am
it will be back for its pip
done
Hats Off to you...........you hv been SO ACCURATE!!!!!
to the sub-pip!!!!!Could u be kind enough to answer my query below:-
On the 1H chart all indications are BEARISH!!!! Bearish Candle, Graveyard Doji, Bearish Continuation pattern with the last candle being a 'Marubozu' one.....do u infer this to be very very bearish and continuing till ur tp #6 at least, particularly having broken 125 level, DPP as per me..
Kindly share ur thoughts on the above..
Many thanks!!
W Rgds,
HJ
- #413,528
- Mar 25, 2011 8:50am Mar 25, 2011 8:50am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #413,531
- Mar 25, 2011 8:55am Mar 25, 2011 8:55am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #413,532
- Mar 25, 2011 8:55am Mar 25, 2011 8:55am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #413,533
- Mar 25, 2011 8:56am Mar 25, 2011 8:56am
Only time will tell who shouts like a fool or sounds like a fool.... 
Same...
Where on a 1m chart do you see next weeks high of 1.44...
Quit while you are behind, the more you add here, the more you come off like a micro know it all...
Drop Sorros your resume and ROE, I am sure he will be impressed...
Here, with a forecast of 1.44 trading off a 1m chart, you just come off sounding like a complete fool.
- #413,534
- Mar 25, 2011 8:57am Mar 25, 2011 8:57am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #413,536
- Mar 25, 2011 9:02am Mar 25, 2011 9:02am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Only time will tell who shouts like a fool or sounds like a fool....
Maybe your family and friends can be impressed by you making a couple hundred bucks off of a 100 investment in market.
That shit don't fly here.
Again, if you understood trading and the 1M chart, you could boast your gains for today, not about what you think will happen tomorrow.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #413,537
- Mar 25, 2011 9:03am Mar 25, 2011 9:03am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #413,540
- Mar 25, 2011 9:11am Mar 25, 2011 9:11am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Nice post. In my case as long as H4 is aligned with daily is for longs only so I am not riding the push down it they break below H4 Support. I am closing week on forex as soon as next H4 close with or without trigger....
sisse
Though I observe the longer time frames and can build a market range from this, I still prefer to trade the lower tfs on triggers.
Top side chart, 15m trigger, bottom chart subsequent 5m trigger...I re-entered into my shorts based on these charts and will watch for a completion of our daily ATR, taking the quickies as market provides...
Today is like any other day...if price goes up, I buy, when price comes down, I sell...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!