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  • #472,121
  • Edited 4:07pm Jun 25, 2011 3:53pm | Edited 4:07pm
[/ATTACH][/ATTACH]
Quoting 10piptrade
Np
For the record as stated before my me that all chart are the same PA is on all of them represent the same thing, you just got to know how to use the chart, This was PA on Friday with a 1 Min chart 4 trades was triggered base on the 12MA which is 720 MA on 1 MIn chart. same as a hour chart and so on. The white line is the start of the day, 7 pm Eastern

Attachment
Following the current trend
  • #472,122
  • Jun 25, 2011 3:58pm Jun 25, 2011 3:58pm
Quoting Astroman
Or will attention focus to Ireland first?
Possibly Portugal because of its exposure to both Greece and Ireland. Then you have Spain which has big exposure to Portugal.

So you have either Greece/Ireland dragging Portugal and then Portugal dragging Spain. Then Spain will drag the rest of Europe.
  • #472,123
  • Jun 25, 2011 4:00pm Jun 25, 2011 4:00pm
V interesting 10pip. Will have a look at this tomorrow when have more time

Quoting 10piptrade
[/ATTACH][/ATTACH]

For the record as stated before my me that all chart are the same PA is on all of them represent the same thing, you just got to know how to use the chart, This was PA on Friday with a 1 Min chart 4 trades was triggered base on the 12MA which is 720 MA on 1 MIn chart. same as a hour chart and so on. The white line is the start of the day, 7 pm Eastern

Attachment
Disclaimer: Check your 1m charts
  • #472,124
  • Jun 25, 2011 4:13pm Jun 25, 2011 4:13pm
Quoting pipper
V interesting 10pip. Will have a look at this tomorrow when have more time
ok Np, As stated previously all charts the same this a 5 min chart with a 12MA and 24 MA to confirm PA, which in this case the 24MA is 288MA on the 5 min chart as you notice 4 trades triggered again, no different

Attached Image (click to enlarge)
Click to Enlarge Name: Friday June 24 5 min chart.PNG Size: 33 KB
Following the current trend
  • #472,125
  • Jun 25, 2011 4:14pm Jun 25, 2011 4:14pm
Quoting egkid
It's really not easy to do analysis during heat of war between bears and bulls
Actually it's currency turmoil / war between fundamental and technique analysis.

I could b wrong but i looking forward to 1.3920 next week

Other view from other respectable traders say 1.45xx

GL all and please b careful it's not easy to read ur own chart this days
Quoting Ahmed_Amin
Then don't trade until war come down



“I knew that unless I had sufficient trading capital I would not be able to use good judgment. Without adequate margins it would be impossible to take the cold-blooded, dispassionate attitude toward the game that comes from the ability to afford a few minor losses such as I often incurred in testing the market before putting down the big bet.

…………………..I purposely kept away from them for six long weeks of steady tape reading. I was afraid that if I went to the office, knowing that I could buy five hundred shares, I might be tempted into trading at the wrong time or in the wrong stock. A trader, in addition to studying basic conditions, remembering market precedents and keeping in mind the psychology of the outside public as well as the limitations of his brokers, must also know himself and provide against his own weaknesses.

…. I sat in front of a quotation-board in another broker's office where I couldn't buy or sell as much as one share of stock, studying the market, not missing a single transaction on the tape, watching for the psychological moment to ring the full-speed-ahead bell. By reason of conditions known to the whole world the stock I was most bullish on in those critical days of early 1915 was Bethlehem Steel. I was morally certain it was going way up, but in order to make sure that I would win on my very first play, as I must, I decided to wait until it crossed par.

……… I saw Bethlehem Steel climb, every day, higher and higher, as I was sure it would, and yet there I was checking my impulse to run over to Williamson & Brown's office and buy five hundred shares. I knew I simply had to make my initial operation as nearly a cinch as was humanly possible. Every point that stock went up meant five hundred dollars I had not made. The first ten points' advance meant that I would have been able to pyramid, and instead of five hundred shares I might now be carrying one thousand shares that would be earning for me one thousand dollars a point. But I sat tight and instead of listening to my loudmouthed hopes or to my clamorous beliefs I heeded only the level voice of my experience and the counsel of common sense. Once I got a decent stake together I could afford to take chances. But without a stake, taking chances, even slight chances, was a luxury utterly beyond my reach. Six weeks of patience but, in the end, a victory for common sense over greed and hope!

I really began to waver and sweat blood when the stock got up to 90. Think of what I had not made by not buying, when I was so bullish. Well, when it got to 98 I said to myself, "Bethlehem is going through 100, and when it does the roof is going to blow clean off!" The tape said the same thing more than plainly. In fact, it used a megaphone. I tell you, I saw 100 on the tape when the ticker was only printing. And I knew that wasn't the voice of my hope or the sight of my desire, but the assertion of my tape-reading instinct. So I said to myself, "I can't wait until it gets through 100. I have to get it now. It is as good as gone through par."
I rushed to Williamson & Brown's office and put in an order to buy five hundred shares of Bethlehem Steel. The market was then 98. I got five hundred shares at 98 to 99. After that she shot right up, and closed that night, I think, at 114 or 115. I bought five hundred shares more.The next day Bethlehem Steel was 145 and I had my stake. But I earned it.

Those six weeks of waiting for the right moment were the most strenuous and wearing six weeks I ever put in. But it paid me, for I now had enough capital to trade in fair-sized lots. I never would have got anywhere just on five hundred shares of stock. There is a great deal in starting right, whatever the enterprise may be, and I did very well after my Bethlehem deal so well, indeed, that you would not have believed it was the selfsame man trading.” - Reminiscences of a Stock Operator
The Thief of Wall Street
  • #472,126
  • Jun 25, 2011 4:21pm Jun 25, 2011 4:21pm
Quoting Ahmed_Amin
Then don't trade until war come down
U r right 100% I always say why should i involove in war While chances never end BUT
I will involve Under My Condition .....
If u r not sure if u r not comfortable if no plan then step aside

Inserted Video
  • #472,127
  • Jun 25, 2011 4:25pm Jun 25, 2011 4:25pm
[quote=Chicky;4725924][color=black][size=2]“I knew that unless I had sufficient trading capital I would not be able to use good judgment. Without

sound book and a nice past time read took me back them few lines

i got the message as well
  • #472,128
  • Jun 25, 2011 4:25pm Jun 25, 2011 4:25pm
Quoting FibbinArchie
http://www.youtube.com/watch?v=GmpLYEg5MEA
Thank god. Wasn't me.

Lol
  • #472,129
  • Jun 25, 2011 4:30pm Jun 25, 2011 4:30pm
Quoting 10piptrade
ok Np, As stated previously all charts the same this a 5 min chart with a 12MA and 24 MA to confirm PA, which in this case the 24MA is 288MA on the 5 min chart as you notice 4 trades triggered again, no different

Attachment
As stated before i will not be posting everything i know about this market, it took years to learn and some of the market clues we already know it, we just need to apply it.There is no need to follow my trading style,but i do hope it will help new trader to be profitable. And those who think they know it all to improve there trading.
Following the current trend
  • #472,130
  • Jun 25, 2011 5:03pm Jun 25, 2011 5:03pm
Quoting 10piptrade
As stated before i will not be posting everything i know about this market, it took years to learn and some of the market clues we already know it, we just need to apply it.There is no need to follow my trading style,but i do hope it will help new trader to be profitable. And those who think they know it all to improve there trading.
Interesting ...
U r view for next week is?
  • #472,131
  • Jun 25, 2011 5:18pm Jun 25, 2011 5:18pm
Quoting Chicky
“I knew that unless I had sufficient trading capital I would not be able to use good judgment. Without adequate margins it would be impossible to take the cold-blooded, dispassionate attitude toward the game that comes from the ability to afford a few minor losses such as I often incurred in testing the market before putting down the big bet.

[color=black][size=2]…………………..I purposely kept away from them for six long weeks of steady tape reading. I was afraid that if I went to the office, knowing that I could...
Thanks bro for your input
Always Valuable
  • #472,132
  • Jun 25, 2011 5:25pm Jun 25, 2011 5:25pm
Finished my technical analysis and Math calculation
The strange thing no body mention this target most view from all respectable traders up or down this target
Any way i could b wrong but i will concentrate next days to C
and maybe not post next days
Afraid to post this target some guys follow me and if lose blame me
Please follow only ur own chart everyone use difference TF ,MM
cu
  • #472,133
  • Jun 25, 2011 5:42pm Jun 25, 2011 5:42pm
Quoting egkid
Finished my technical analysis and Math calculation
The strange thing no body mention this target most view from all respectable traders up or down this target
Any way i could b wrong but i will concentrate next days to C
and maybe not post next days
Afraid to post this target some guys follow me and if lose blame me
Please follow only ur own chart everyone use difference TF ,MM
cu
Add 0.7834 and 0.5682
The Thief of Wall Street
  • #472,134
  • Jun 25, 2011 5:53pm Jun 25, 2011 5:53pm
Quoting egkid
Finished my technical analysis and Math calculation
The strange thing no body mention this target most view from all respectable traders up or down this target
Any way i could b wrong but i will concentrate next days to C
and maybe not post next days
Afraid to post this target some guys follow me and if lose blame me
Please follow only ur own chart everyone use difference TF ,MM
cu

3920 doesn't come up for me in my charts.. not to say there we won't get there... 3980 first then a look at 3930 so not far off... break of this leads to 3850, 38... but some tough levels coming through down below..

just having looked at AU and GU... those are in corrective movements... all a mess really - i will wait for an impulsive move...
  • #472,135
  • Jun 25, 2011 6:06pm Jun 25, 2011 6:06pm
Quoting jaylovin
3920 doesn't come up for me in my charts.. not to say there we won't get there... 3980 first then a look at 3930 so not far off... break of this leads to 3850, 38... but some tough levels coming through down below..

just having looked at AU and GU... those are in corrective movements... all a mess really - i will wait for an impulsive move...
SKYPE....

Egkid what target are you looking at to C ?
Markets are not Random, they are designed!
  • #472,136
  • Jun 25, 2011 6:20pm Jun 25, 2011 6:20pm
Quoting Chicky
Add 0.7834 and 0.5682
Let's bookmark this page
Attached Image
The Thief of Wall Street
  • #472,137
  • Jun 25, 2011 6:33pm Jun 25, 2011 6:33pm
Chicky, I hope that chart is a joke, right? How the hell can you trade off a mess like that?
  • #472,138
  • Jun 25, 2011 6:35pm Jun 25, 2011 6:35pm
Quoting tradercnx
Chicky, I hope that chart is a joke, right? How the hell can you trade off a mess like that?
Ironically, I have to trade off this chart. Check my weeks old posts, you will find same shit there.
The Thief of Wall Street
  • #472,139
  • Jun 25, 2011 6:44pm Jun 25, 2011 6:44pm
Quoting Raza
SKYPE....

Egkid what target are you looking at to C ?
i'm there
  • #472,140
  • Jun 25, 2011 6:59pm Jun 25, 2011 6:59pm
37....yep....then 34 then 3250....
Quoting Raza
SKYPE....

Egkid what target are you looking at to C ?
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