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  • #460,201
  • Jun 11, 2011 5:24pm Jun 11, 2011 5:24pm
Quoting jaylovin
i have 1.4305 as a bounce area... but this move down looks impulsive and incomplete... 1.4256 is a tough support... 1.4136 too...

Yes ... aprox one week ago low has been there ... 1.4309/07 or somewhat like that I guess ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,202
  • Edited 5:51pm Jun 11, 2011 5:30pm | Edited 5:51pm
Charts is charts ...

And trading is trading ...

It's two different pairs of shoes ..


The problem is always the same ...

For example ... when you are deeply convinced that we will see 1.44xx

Then you should not be that much concerned if we can go below 1.4250 or not ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,203
  • Jun 11, 2011 5:59pm Jun 11, 2011 5:59pm
Quoting mercy seat
Charts is charts ...

And trading is trading ...

It's two different pairs of shoes ..


The problem is always the same ...

For example ... when you are deeply convinced that we will see 1.44xx

Then you should not be that much concerned if we can go below 1.4250 or not ...



;-|

one of the weirdest thngs about forex is that u can have your charts point to a particular #, and come within 20 pis or so of your target.....then it can swing 600 pips away from that target, just to retrace to your original target.....LOL....by the way, personally, I keep coming up with 1.3720 (give or take 50 pips) every which way i slice it....who knows
  • #460,204
  • Jun 11, 2011 6:37pm Jun 11, 2011 6:37pm
Egypt inspired protests in Spain has been catching up, sad how media is staying away from it and not focusing as much as it id in Eygypt or Tunisia.. Socialist Parties in EU are trying to take advantage of it even though it has little to do with them or their message.. But if more banners like 'Wake up Socialist Europe' crops up, big change is coming ahead of us..

This protest in Spain could spread throughout EU and France is most vulnerable with its large low wage working population.. their were violent protests in France only couple of years back, if it repeats at this time it would be hard to stop at the heat of the moment.. with all the world revolution... Controlling inflation and keeping prices low is ECB's main priority to ensure the proper functioning of existing fragile governments throughout EU.. the Economic problem in Greece is more of a Political problem and with their passage of bill this month they look okay for time being..

But the protests in Spain could take a highlight for the time being now in following weeks.. political problems and solutions are influencing markets a lot right now.. I wont be taking any long/medium term positions based on Technical Analysis right now..
  • #460,205
  • Jun 11, 2011 6:48pm Jun 11, 2011 6:48pm
Quoting PayTheLimit
Indeed, but this just in, you can quit the whole process, and walk over to the commercial forum and save yourself the headache...its my new plan...dont know what I was thinking all these years...


I like the process.

You have theories. You put them to the test. Sometimes you win sometimes you lose; either way I love the process. Putting theories, beliefs, the data before you...to the test. The whole thing brings me happiness. While I hate losers as much as any other trader, that is the real reason I suppose why I trade.
  • #460,206
  • Jun 11, 2011 6:58pm Jun 11, 2011 6:58pm
Quoting Rednose
http://www.euronews.net/2011/06/11/s...-on-civilians/


America just canīt stop.....

??????????

I blame it on religion and the fools who believe in a book written by a small group of people who could not even find their way out of a desert for 40 years.
  • #460,207
  • Jun 11, 2011 7:17pm Jun 11, 2011 7:17pm
Quoting Astroman
??????????

I blame it on religion and the fools who believe in a book written by a small group of people who could not even find their way out of a desert for 40 years.
Good point
  • #460,208
  • Jun 11, 2011 7:23pm Jun 11, 2011 7:23pm
simple chart: candlesticks + fibos + levels based on last 6 months.

http://i237.photobucket.com/albums/f...1/june2011.gif

june target estimation between 3968 and 3759
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #460,209
  • Jun 11, 2011 8:06pm Jun 11, 2011 8:06pm
http://video.cnbc.com/gallery/?video=3000025663
  • #460,210
  • Jun 11, 2011 8:22pm Jun 11, 2011 8:22pm
Gene Simmons??

Here is a guy who bragged about having anal sex with underage groupies and now a supposedly respectable financial news networks are taking his opinions as serious?

Hell, if it was you are me we would be in prison right now.

Some people can not handle the fact that a darker skinned man in president of the U.S.

Say what you want about Obama, Mr.Simmons (or whatever your last name really is) at least he did not spend a good part of his adult years anally raping drugged out children.
  • #460,211
  • Jun 11, 2011 9:26pm Jun 11, 2011 9:26pm
Quoting Mr. Freeweed
Good point
Not Book Not God Not Son
Mans greed, brutality, ignorence is Problem
If you are new to Forex? Say Goodbye to your account!!
  • #460,212
  • Jun 11, 2011 9:45pm Jun 11, 2011 9:45pm
More of a drop is expected soon.

Here are my charts:

http://www.forexfactory.com/showthre...14#post4683914
  • #460,213
  • Jun 11, 2011 9:49pm Jun 11, 2011 9:49pm
Quoting Kambooj
More of a drop is expected soon.
Do you anticipate a move to the upside before this drop happens?

If so, how strong?
  • #460,214
  • Jun 11, 2011 9:58pm Jun 11, 2011 9:58pm
I have in my charts a medium probability upside move to 4370-80 zone. At the moment 4420 has low probability for me.

Anyway you look at it, from a pitchfork perspective, straight trendlines and median lines are getting broken very quickly.

From a Elliot Wave perspective, this is a wave 3 of something or a super extended wave 1, and there is not a proper count that anybody could put on it, and that means one thing >> more down.

Since catching these motions are hard, my best advice is to put either a entry order to sell at 4290-4310 or enter with a minimum lot size at current price, but the entry order is the safest.

The strength of the upmove even if it is a strong spike to 4420 would not be able to sustain itself and will quickly crash downwards.


Quoting Astroman
Do you anticipate a move to the upside before this drop happens?

If so, how strong?
  • #460,215
  • Jun 11, 2011 10:08pm Jun 11, 2011 10:08pm
Quoting Astroman


I like the process.
.

Indeed. I remember my first charts, done by hand, didn't have a computer back then, no internet either. I charted the OEX(S&P 100, a true classic). Then I did two EMA's..a 13 day and 55 day, a 5 day RSI, and a 5 day ROC, all by hand..it took me about an hour a day. I also keep a P&F. Hell your probably old enough to remember Value Line. I used to go to the library on Saturdays and Sundays and photocopy charts. Then I got my first job at a trading firm. We had a orange colored CQG on our desk we used for quotes. I quickly discovered that it charted too. We had four guys at that trading desk. Our schedule was such that a couple times a week you got an eary day, and a couple times a week you had to work to six. I never took an early day the entire time I was with that firm, not with the CQG sitting there., lol.
Look Sharp/Trade Tight
  • #460,216
  • Jun 11, 2011 10:11pm Jun 11, 2011 10:11pm
Quoting Kambooj
More of a drop is expected soon.

Here are my charts:
nice call on that break..funny how lots of times your circles line up with my horizontal lines, I was short from roughly the same prices...
Look Sharp/Trade Tight
  • #460,217
  • Jun 11, 2011 10:13pm Jun 11, 2011 10:13pm
Circles are the same things as other types of lines with a twist

Quoting PayTheLimit
nice call on that break..funny how lots of times your circles line up with my horizontal lines, I was short from roughly the same prices...
  • #460,218
  • Jun 11, 2011 10:18pm Jun 11, 2011 10:18pm
Quoting Kambooj
Circles are the same things as other types of lines with a twist
Lol, indeed.
Look Sharp/Trade Tight
  • #460,219
  • Jun 11, 2011 10:35pm Jun 11, 2011 10:35pm
social unrest in Europe? who in the phuck would of thought that? peasants rushing the castle with pitchforks? im glad i sold most of my property in 2006 and 2007/08. glad i kept the the one with the well. still waiting to buy it back at 35% *L* damn oil went up and trade balance down.. who would of thunk?
those who can, do. those who cant, talk about those who can
  • #460,220
  • Jun 11, 2011 10:43pm Jun 11, 2011 10:43pm
Quoting PayTheLimit
.

Indeed. I remember my first charts, done by hand, didn't have a computer back then, no internet either.
Damn, I used to do the same thing.

I used to use this green graph paper with the grids already included. They were weekly charts and I only followed stocks at the time.

I would pick up my copy of Barrons early Saturday morning and start updating my charts.

That was about 15 years ago. At that time I would have never dreamed that we would all have the resources that we do today and they are all just a click away.

Amazing!

I mentioned this before but I remember back around '85 you could call your broker 3 hours after the market closed and a recording would tell you were your stock closed at for the day. Nothing more, nothing less, just the closing price. Still, at the time it seemed so revolutionary, so advanced.

Before that only the WSJ had that info and you would have to wait until the following morning to get a copy. And at that time you would have to go downtown to get a copy. Now the local McDonalds has a WSJ box right outside.



It is unbelievable how times have changed.
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