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  • #458,921
  • Jun 9, 2011 6:09pm Jun 9, 2011 6:09pm
Quoting johncen
last asain low 1.4585??
just to make it easy, I'll watch the support at 45622 becoming resistance if revisited.

edit: the 61.8-fib of the whole drop from 49xx is at 4568ish. I'd rather check on that number soon and then close the week below 4505, but that would be way too easy...
  • #458,922
  • Jun 9, 2011 6:10pm Jun 9, 2011 6:10pm
Quoting carbonclass
Blown my accounts today due to Heavy buy scalp without s/l before the news...Now drinking pepsi with the loss of 3400USD..
Welcome to the Club my friend...

I've blown 6....

Accounts that is...

You crazy fuckers get yer head out the gutters now!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #458,923
  • Jun 9, 2011 6:10pm Jun 9, 2011 6:10pm
Quoting Mr Hatch
just to make it easy, I'll watch the support at 45622 becoming resistance if revisited.
same here.....
50% fibbon also...
may look to short here again...
with tight sl
Patience, Emotion Control and Discipline.
  • #458,924
  • Jun 9, 2011 6:13pm Jun 9, 2011 6:13pm
long or short what you think guys ? goiler indicator saying buy
  • #458,925
  • Jun 9, 2011 6:15pm Jun 9, 2011 6:15pm
Quoting Mr Hatch
I agree on the speculation part.

For me, this whole learning process and clarification of all the 'whys' and 'what-the-fucks' is a kind of mosaic. I'm collecting pieces to this puzzle from a huge amount of sources to have a pretty image in the end.

the thing I want to prevent is (my personal bane) to get trapped in bloody stupid positions, because I didn't see a necessary retracement coming for example.
man tell me about it, went sub 550 and all I was thinking about was trickshit said vigilance (his code for a hike next month) and how it was following the same pattern as the nfp price action last week, so went long with size swinging for the fences with an extra wide stop, then spent the rest of the day trading my way out of a world of sh!t...

finished 3 hours later in profit, and to be honest, the fact that i'd calmly and level headedly traded my way out of it, made me feel as good as i do on a major pip win...
  • #458,926
  • Jun 9, 2011 6:16pm Jun 9, 2011 6:16pm
on my sig i try to convince myself that consistency WILL come. some times i must admit i doubt that.

just i couple of months ago i was in fire. made 26 consecutive wins TWICE. during that month (it was when i started my cycles method) i was doing 80% winning trades. had a couple of hundred on that ration.

then something must have changed (can't really identify what) and all of a sudden i am losing again, making the same mistakes...

in a word: FUCKING HARD (oh, that's 2 LOL)

still... just a matter of when!

green pips to u

Quoting Mr Hatch
I agree on the speculation part.

For me, this whole learning process and clarification of all the 'whys' and 'what-the-fucks' is a kind of mosaic. I'm collecting pieces to this puzzle from a huge amount of sources to have a pretty image in the end.

the thing I want to prevent is (my personal bane) to get trapped in bloody stupid positions, because I didn't see a necessary retracement coming for example.
dreams do come true.
  • #458,927
  • Jun 9, 2011 6:17pm Jun 9, 2011 6:17pm
  •  BaIdur
  • | Joined Apr 2011 | Status: Among the blind the oneeyed is king | 94 Posts
Quoting johncen
same here.....
50% fibbon also...
may look to short here again...
with tight sl
I have pending at 456x..that's what i wanted to read to have a quiet sleep.
Good night all!
i'm long n'till i'm short
  • #458,928
  • Jun 9, 2011 6:20pm Jun 9, 2011 6:20pm
Quoting pipper
Going to call it a nite until direction is clear. This could go either way

Safe trading guys
im not sure if i c it correctly on your upper tl "B". but i find when a tl is missed after a attempt to reach it. then in the rejection the center is crossed. i find it many times as a change in that particular trend direction.
those who can, do. those who cant, talk about those who can
  • #458,929
  • Jun 9, 2011 6:23pm Jun 9, 2011 6:23pm
Quoting Mr. Aldi
I'll send you pm with my paypal address. I will even send you bottle of champagne for that money. Better than pepsi You are one of the few that tell about their loss.

Guess you learned the hard way to check calendar...

Yap now i learned alot..Btw Thanks for ur nice reply, it helps me alot..
  • #458,930
  • Jun 9, 2011 6:23pm Jun 9, 2011 6:23pm
4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: eur 6911.gif Size: 11 KB
  • #458,931
  • Jun 9, 2011 6:25pm Jun 9, 2011 6:25pm
Quoting FibbinArchie
man tell me about it, went sub 550 and all I was thinking about was trickshit said vigilance (his code for a hike next month) and how it was following the same pattern as the nfp price action last week, so went long with size swinging for the fences with an extra wide stop, then spent the rest of the day trading my way out of a world of sh!t...

finished 3 hours later in profit, and to be honest, the fact that i'd calmly and level headedly traded my way out of it, made me feel as good as i do on a major pip win...
there is nothing better than that. everyone can trade in the right direction, but getting out of bad trades without having to throw in the towel is some bad-azz shit.

what will happen once qe2 comes to an end, not only concerning e/u, but the crosses as well?
www.forexlive.com has just posted an interesting train of thought, I will investigate over the weekend to possibly grab some pips off of it.

Buy The Rumour, Sell The Fact
Last night the ECB did exactly what the EUR bulls had anticipated and signalled a rate hike next month, and of course the EUR fell.
A bigger event which the market has been preparing itself for is the end of QE2 and of course the market has positioned itself accordingly; loading up on CHF and JPY to a lesser extent; offloading AUD long positions and even going short to some extent; and holding onto EUR rather than USD or GBP.
The risk now is that once the QE2 end nears, and the earth is still revolving, we may see a race to exit these trades above. That could mean a serious bump for the CHF bubble because if everyone starts to exit at once, the doorway will be rather narrow.
  • #458,932
  • Jun 9, 2011 6:25pm Jun 9, 2011 6:25pm
Quoting Magix
Welcome to the Club my friend...

I've blown 6....

Accounts that is...

You crazy fuckers get yer head out the gutters now!

Be cool bro..Its ok i will start again with no old mistakes.
  • #458,933
  • Jun 9, 2011 6:25pm Jun 9, 2011 6:25pm
seems like everyone here is talking 1.4560 to short. don't think it will happen. in my view we can't break 30. and we haven't yet.

i know we should guess or at least we can guess as long as it doesn't interfere with our trading decisions. but i'd say straight down from where we are. i am not saying that up to 1.4560 isn't logical, but as H said, it's just to obvious.

also on the 1.4440 (monthly pivot and daily S1) will be a bump but we are tomorrows low will be a little bellow 1.44.

yes, i know just guess work but based on my cycles and my paralels.

green pips
dreams do come true.
  • #458,934
  • Jun 9, 2011 6:30pm Jun 9, 2011 6:30pm
in 30 min


The Australian market is expected to open higher today after Wall Street snapped a losing streak in overnight trade and commodities generally ended higher, too.
At 6.25am AEST on the ASX 24, the June share price index futures contract was 23 points higher at 4577.
What you need to know

 

  1. The SPI was 23 points higher at 4577
  2. The $A was trading at $US1.0619
  3. In the US, the S&P500 rose 9.4pts, or 0.74%, to 1289
  4. In Europe, the FTSE100 added 47.45pts, or 0.82%, to 5856.34
  5. Gold rose $US4 to $US1542.70 an ounce
  6. WTI crude oil added $US1.19 to $US101.93 a barrel


Read more: http://www.smh.com.au/business/marke...#ixzz1OpBeh7Dr

  • #458,935
  • Jun 9, 2011 6:30pm Jun 9, 2011 6:30pm
Quoting AlexC
4hr chart
What's that? Weird TL :-/

Anyways goodn8. Dont see happening much this night, so have fun ^_^
  • #458,936
  • Jun 9, 2011 6:31pm Jun 9, 2011 6:31pm
Quoting Mr Hatch
I agree on the speculation part.

For me, this whole learning process and clarification of all the 'whys' and 'what-the-fucks' is a kind of mosaic. I'm collecting pieces to this puzzle from a huge amount of sources to have a pretty image in the end.

the thing I want to prevent is (my personal bane) to get trapped in bloody stupid positions, because I didn't see a necessary retracement coming for example.
I was just talking to a trader who was saying that there should be a market answer for this last exodus...and after a few mins, I was able to explain that this fall was the answer...

You will see me posting several different charts, on several different pairs...

Watching the sessions, watching the DX, watching EG...

I watch for volumes, supports, direction, and do this on all time frames. Just the charting alone can be a full time gig, and then, try find time to take the trade...

In the end run, I really believe it boils down to watching direction on the immediates and taking what you can...If ya find yourself in a hole, as the saying goes, it is best to stop digging...cut losses, sit out the whips and dogshit and take what you can...

Claw, tooth and nail...1 trade atta time.

Reasonable expectations carry a long fucking way in this game. If all you are looking for is the next 5, you really are only moments away...

Perspective is everything, and this is just mine.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #458,937
  • Jun 9, 2011 6:38pm Jun 9, 2011 6:38pm
Quoting carbonclass
Be cool bro..Its ok i will start again with no old mistakes.
Over the last 2 years, I have had several friends lose accounts and livelyhoods all gained through market on an "Ooopsie", play...

It's a mistake dude...

I know you want to come back with a vengence. Prove to yourself that this shit can be done...I know the boat you are in, and I know what you have for paddles....

If ya wanna take a word from a friend...

Drop a $100 into an account...and when you have doubled that, it is time to get back into the game on a larger scale.

Take a reasonable leverage, take reasonable trades and rebuild your confidence.

The market consumes a lot of great people and market hopefulls daily...don't be the next one.

and, BTW...as I see you are only a few posts into your membership here at the factory...

Welcome to the board mango...grab a comfy chair, sit a while...take what you can from others, add what you feel is most relevant and make this a place you can hang your hat.

You are already a market statistic, might try for the other side of the deal now..

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #458,938
  • Jun 9, 2011 6:39pm Jun 9, 2011 6:39pm
Buy the rumour, sell the fact

Written by Sean Lee
June 9, 2011 at 22:40 GMT

Last night the ECB did exactly what the EUR bulls had anticipated and signalled a rate hike next month, and of course the EUR fell.
A bigger event which the market has been preparing itself for is the end of QE2 and of course the market has positioned itself accordingly; loading up on CHF and JPY to a lesser extent; offloading AUD long positions and even going short to some extent; and holding onto EUR rather than USD or GBP.
The risk now is that once the QE2 end nears, and the earth is still revolving, we may see a race to exit these trades above. That could mean a serious bump for the CHF bubble because if everyone starts to exit at once, the doorway will be rather narrow.
  • #458,939
  • Jun 9, 2011 6:50pm Jun 9, 2011 6:50pm
Quoting wannaberich
seems like everyone here is talking 1.4560 to short. don't think it will happen. in my view we can't break 30. and we haven't yet.
You don't think it will happen, is not a valid strategy for market....

This time, you might be correct...but will you be the next time?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #458,940
  • Jun 9, 2011 6:55pm Jun 9, 2011 6:55pm
Quoting Magix
Over the last 2 years, I have had several friends lose accounts and livelyhoods all gained through market on an "Ooopsie", play...

It's a mistake dude...

I know you want to come back with a vengence. Prove to yourself that this shit can be done...I know the boat you are in, and I know what you have for paddles....

If ya wanna take a word from a friend...

Drop a $100 into an account...and when you have doubled that, it is time to get back into the game on a larger scale.

Take a reasonable leverage, take reasonable trades and rebuild...
Totally Agreed...

About the posts, I am a new member and dont even have friends, But now I think I have some..
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