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  • #445,361
  • May 19, 2011 3:46pm May 19, 2011 3:46pm
Quoting clambill
This is utter bullshit. Can anyone tell me why this pig is flying?

What fucking REASON is there for this to go up?
none... its rigged remember?
  • #445,362
  • May 19, 2011 3:47pm May 19, 2011 3:47pm
Quoting RamsesII
good luck
lol...

From now on, in case I miss your original posts before modification, could you please PM them to me...

1996...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #445,363
  • May 19, 2011 3:49pm May 19, 2011 3:49pm
Quoting Magix
lol...

From now on, in case I miss your original posts before modification, could you please PM them to me...

1996...
Don't have an ego. Always question yourself and your ability.
  • #445,364
  • May 19, 2011 3:50pm May 19, 2011 3:50pm
Quoting Magix
Short Covering.

Profit Taking.
volume to be taken with a grain of salt here (since I am using IBFX so I only get to see their "volume")

that said, I noticed how we get an uptick in activity each time we head on down into the 1.42s and start snoring above 1.43

what that tells me is that there is still some big money either defending longs or just jumping in on what is perceived as a relative low in an uptrend

summary is that the market is undecided, and 1.43 seems to be a fair price right now.

zooming out to the daily chart for a moment, it looks like we have some $ strength building on this and other major $ crosses. So from today to tomorrow, keep on buying the relative lows, but on the weekly time frame, this trader thinks you want to sell.

personally, I am short at 1.4125 (ouch!), with a stop over 1.44 and anticipating 1.37. I am not so convinced of it myself right now, but patience usually rewards itself (if at least for a break-even).

final thought: we tested 1.5 and failed, so isn't it logical that we test 1.4 next?
  • #445,365
  • May 19, 2011 3:55pm May 19, 2011 3:55pm
Quoting rainmaker77

final thought: we tested 1.5 and failed, so isn't it logical that we test 1.4 next?
if its fair to say 1.4940 was a test of 1.50.... then wouldn't 1.4050 pass as a test for 1.40??

that said... break of 1.4350 up and we're going yet higher... but below we should eventually break 1.4 and get into the 1.39 area..
  • #445,366
  • May 19, 2011 3:55pm May 19, 2011 3:55pm
Quoting RamsesII
good luck
No, the fact that you said you thought it sounded like I was caught short was not "general cruelty" (saw you edited).

It's true I've taken a while to develop a method. Although I'm still trying to adapt to the new methods I'm now trying out. I haven't confirmed the validity of the methods yet. But, I believe I have the most realistic ideas I've ever had.

I actually didn't take a single trade last couple of days but not all due to the market movements. I was waiting for some people to make a decision that would affect my personal life and I just felt like putting things on hold while I was waiting. I got what I believe is a positive outcome though. But in any case, I just felt hesitant to try shorting in these kinds of fluctuations.

I just figured maybe someone with some fundamental knowledge had some kind of insight as to how the market was going up.

Ah well, I'll be heading out for a run in a bit.
  • #445,367
  • May 19, 2011 4:00pm May 19, 2011 4:00pm
...........................
Quoting RamsesII
  • #445,368
  • May 19, 2011 4:01pm May 19, 2011 4:01pm
cable short anyone? just got in

stop is 60 btw
Don't have an ego. Always question yourself and your ability.
  • #445,369
  • May 19, 2011 4:01pm May 19, 2011 4:01pm
Quoting rainmaker77
final thought: we tested 1.5 and failed, so isn't it logical that we test 1.4 next?
No.

What makes sense is that we back fill the chart.

Without liquidity, price cheerleaders and large money taking profit and defending their positions, this whole market would trade like a lot of Canadian stocks.

with 3 trillion leaked into and out of market daily, there is bound to be a tug o war.

Each session will fill a price range and all prices will be bought and sold by each relevant session...

Download i-sessions indicator. break each session into a seperate chart. scroll back as far as you can on an hourly and start printing them bitches out. When finished, pull out the wifes, "Good Scissors", and start cutting them sessions and glueing them together...you will see...

The books always get cleared.

Personally, I could give a shit less where we head...I am only in it for the ride.

Just because you think something, say your prayers, be a good person, drink your milk and take your vitamins, don't mean you will get what you want....specially from this market.

Don't pick sides. Trade the immediate direction until it is time not to....

And when the fit hits the shan...

Get the Fuck outa Dodge!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #445,370
  • May 19, 2011 4:09pm May 19, 2011 4:09pm
Quoting RamsesII
cable short anyone? just got in

stop is 60 btw

was looking at it earlier, not my time of day, plus my mofus just rolled over...good luck with it though
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  • #445,371
  • May 19, 2011 4:11pm May 19, 2011 4:11pm
Quoting Larseg
we are going up guys, I reckon this is it... SL hunting continues
And here we are, good morning guys...

I see we are taking a dip towards 4245-55 again... how nice
shall we say 1-2 hours?
  • #445,372
  • May 19, 2011 4:12pm May 19, 2011 4:12pm
Magix - how long, would you say, until the various sessions fill the gaps? TIA TT
  • #445,373
  • May 19, 2011 4:19pm May 19, 2011 4:19pm
Quoting Larseg
And here we are, good morning guys...

I see we are taking a dip towards 4245-55 again... how nice
shall we say 1-2 hours?
hey buddy, well rested I hope...4235/63 my level below...
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  • #445,374
  • May 19, 2011 4:20pm May 19, 2011 4:20pm
Quoting TurboTrader1
Magix - how long, would you say, until the various sessions fill the gaps? TIA TT
At their own pace...market has no clock and money never sleeps.

The time isn't as important as is the actual chart gaps...who is doing what and when? Where is the general direction and what needs to be covered is what I look for.

Up next in the active sessions...Tokyo

Here is the Chino Chart...I know what I am looking at for support...and I know where I am looking for the ultimate backs to fill...
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  • #445,375
  • May 19, 2011 4:22pm May 19, 2011 4:22pm
Quoting T@rantula
going for some pips again risking only 20. shorted @ 8834
still active 2nd one

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  • #445,376
  • May 19, 2011 4:33pm May 19, 2011 4:33pm
Thanks a lot Magix - looking at the chart, does it show a gap only down to 4305 since their last session? or is there a gap from 4200-4250 area from a couple days ago? TT
  • #445,377
  • May 19, 2011 4:35pm May 19, 2011 4:35pm
Quoting PayTheLimit
hey buddy, well rested I hope...4235/63 my level below...

No hangover so all good

yep, even 35 can happen,
again today there is still to many placed short below 1.4200 so an up move is needed before down move...

However, last night bull move sucked in some longs which are 50/50 profit and slightly negative... we need to take them out so down we go first
  • #445,378
  • May 19, 2011 4:39pm May 19, 2011 4:39pm
Why it went up ?
Here is an idea... =>

Simply,check bigger time frames! It`s still didn`t reach EMA 150 on H4, so I would say it wont go down at least before price rich that... + Look at daily chart I`m talking about last down trend, it has to go back till Fibo 38.2 - 50 level at least before it has a chance to go down again....So summarise and you will get the answer... !
  • #445,379
  • May 19, 2011 4:42pm May 19, 2011 4:42pm
Quoting TurboTrader1
Thanks a lot Magix - looking at the chart, does it show a gap only down to 4305 since their last session? or is there a gap from 4200-4250 area from a couple days ago? TT
H4....but rough idea.

I-sessions indicator attached. Go into settings and correct it for your Meta4 Broker charts.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #445,380
  • May 19, 2011 4:49pm May 19, 2011 4:49pm
Quoting Larseg
No hangover so all good

yep, even 35 can happen,
again today there is still to many placed short below 1.4200 so an up move is needed before down move...

However, last night bull move sucked in some longs which are 50/50 profit and slightly negative... we need to take them out so down we go first
Well, I'm seeing some mixed signs. My red chart closed well through 4240, which could sugest 4410. I claimed earlier today that I was not going to atempt any buys in this Euro for the rest of the month, might head to the sidliness for a day or two.
GBP/USD had a nice push up late, into an area which I would like to sell, might move my focus there, well see...at any rate, I'm cashed, time for a nap, good luck, PTL
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