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  • #473,881
  • Jun 28, 2011 5:31am Jun 28, 2011 5:31am
I have a weekly pivot at 1.4250
  • #473,882
  • Jun 28, 2011 5:34am Jun 28, 2011 5:34am
Been reading through the past couple of papers and Idk Why people think they can predict the collapse of the euro. I understand the numerous problems coming from the euro-zone but I still don't believe someone's fundamental analysis will predict the end of the euro. I've noticed a trend and it's something like this;
This month the euro predicted to fail
1 month from now the dollar is predicted to fail
2 months from now they both are predicted to fail
3 months from now this forum is still alive and we're still tradin both currencies
4 months from now rinse and repeat

The Euro and dollar were around before we were born and will probably be around after we're death... barring some apocalyptic alien invasion http:// http://www.tnt.tv/series/microsite/fallingskies/?SR=sr3_524632_go.
  • #473,883
  • Jun 28, 2011 5:35am Jun 28, 2011 5:35am
Quoting EdgarNg
huh what fibbie? i always imagine the pain of other traders when they are in the opposite direction as to position my trades, it works! u gain pleasure from pain =P


oh well 42422?
yeah i figured 42 also, but there's a fib and lower bollinger on the hourly where it reacted...

good idea to understand the herd psychology involved in holding weak positions (ie. where stops are likely to be placed) btw, should be a key element of any price action or order flow trading method...
  • #473,884
  • Jun 28, 2011 5:35am Jun 28, 2011 5:35am
Quoting Jackthepiper
Been reading through the past couple of papers and Idk Why people think they can predict the collapse of the euro. I understand the numerous problems coming from the euro-zone but I still don't believe someone's fundamental analysis will predict the end of the euro. I've noticed a trend and it's something like this;
This month the euro predicted to fail
1 month from now the dollar is predicted to fail
2 months from now they both are predicted to fail
3 months from now this forum is still alive and we're still tradin both currencies
4 months from...

thats life. lmao. just profit and smile.
  • #473,885
  • Jun 28, 2011 5:37am Jun 28, 2011 5:37am
Quoting Jackthepiper
Been reading through the past couple of papers and Idk Why people think they can predict the collapse of the euro. I understand the numerous problems coming from the euro-zone but I still don't believe someone's fundamental analysis will predict the end of the euro. I've noticed a trend and it's something like this;
This month the euro predicted to fail
1 month from now the dollar is predicted to fail
2 months from now they both are predicted to fail
3 months from now this forum is still alive and we're still tradin both currencies
4 months from...
again all goes back to herd psychology, Extraordinary Popular Delusions and the Madness of Crowds...

it's how the market works...
  • #473,886
  • Jun 28, 2011 5:37am Jun 28, 2011 5:37am
bastard, got stopped out @ BE. will re-enter if PA persist. but looks like a fakeout and bullish now. M30 formed Hammer. aha, staying neutral atm. maybe long.
  • #473,887
  • Jun 28, 2011 5:37am Jun 28, 2011 5:37am
[quote=Dayboy001;4732157]End of day for me here,

EUR 3 x 12 = 36
GBP 2 x 20 = 40

Total = 76

Good luck all



Good trading
" Never let the past hold the future to ransom "
  • #473,888
  • Jun 28, 2011 5:39am Jun 28, 2011 5:39am
48-hour Greek labor strikes are underway in Athens
  • #473,889
  • Jun 28, 2011 5:40am Jun 28, 2011 5:40am
Quoting FibbinArchie
yeah i figured 42 also, but there's a fib and lower bollinger on the hourly where it reacted...

good idea to understand the herd psychology involved in holding weak positions (ie. where stops are likely to be placed) btw, should be a key element of any price action or order flow trading method...
also wpp, although was breached on m1, but just a wick on m5...
  • #473,890
  • Jun 28, 2011 5:41am Jun 28, 2011 5:41am
Quoting FibbinArchie
again all goes back to herd psychology, Extraordinary Popular Delusions and the Madness of Crowds...

it's how the market works...
Inserted Video
  • #473,891
  • Jun 28, 2011 5:41am Jun 28, 2011 5:41am
Quoting kolz
I am waiting for US$yen to touch 80.99 again.
Then I am ready to buy Eur$!
interesting correlation....
Hero calls followed by margin calls...
  • #473,892
  • Jun 28, 2011 5:42am Jun 28, 2011 5:42am
Not seeing anything I can trade on the lower time frames but looking at a daily projection using my system: I see possibility of 1 day drop to 4070 bounce to 4250 next few days before more downside.

I'm struggling to find a good setup. Last week got destroyed Friday trying to go long into that drop. didn't notice we'd failed upper channel and the channel was slanting south. Or rather I did notice and never factored this in.

Then I decided to get on the short train at random spot. My friend and her daughter was over the little girl was playing up and I forget to set my SL. By the time I looked back was -50 pips! on 2 orders 90% of my account gone. I'm not seeing it right. Need to look at higher time frames. Also got distracted by all the PM's and interest letter from hedge fund manager. Was having a massive ego trip.

I'm freaking out, running out of dough and have to buy a plane ticket to USA next week! Promised my little girl I'd be home.

Up to my kneck in paperwork and charts trying to peice this all together. Trying to work out all the weired new chart phenomena and understand what they are telling me. I need Kinkos And I could use some advice from the architect.
Founder of Sutherland Wave Principle
  • #473,893
  • Jun 28, 2011 5:43am Jun 28, 2011 5:43am
Quoting PhAnTi'
u should start with the very basics before goin live bro....

www.babypips.com
Tears of laughter in my eyes, that site is pure epic-ness
  • #473,894
  • Jun 28, 2011 5:45am Jun 28, 2011 5:45am
Quoting sintelion
Tears of laughter in my eyes, that site is pure epic-ness

hey thats where i started, its a good site.
  • #473,895
  • Jun 28, 2011 5:46am Jun 28, 2011 5:46am
Quoting sintelion
Tears of laughter in my eyes, that site is pure epic-ness
Inserted Video
Hero calls followed by margin calls...
  • #473,896
  • Jun 28, 2011 5:47am Jun 28, 2011 5:47am
[quote=Gleneagles;4732187]

your done for the day? sure you got enough in the beer fund. just want to make sure you don't run out you know
  • #473,897
  • Jun 28, 2011 5:48am Jun 28, 2011 5:48am
Hi Gleneagles,

Cheers for that.

Thank you for the strategy, I have been following your strategy and posts for a while, I am only demoing the system at the moment and my levels don't seem to always/ at all line up with yours but I seem to be having success with it, so long may it continue.

I am not sure if you use it for GBP but I have tried to adapt it for that, time will tell as to whether that is wise or not.

I think it takes a bit of knowledge to decide when to enter and when not to, I seem to be O.K. on that (at the moment, only a few days I know) but do you have any advise or guidlines that you use?

I generally play the 8am break then stay out and let the dust settle and then look for good opportunities after that, then try to be out pre US open(just happens to be lunch time) and then maybe catch a few afterwards.

Thanks again.

[quote=Gleneagles;4732187]
Quoting Dayboy001
End of day for me here,

EUR 3 x 12 = 36
GBP 2 x 20 = 40

Total = 76

Good luck all



Good trading
  • #473,898
  • Jun 28, 2011 5:50am Jun 28, 2011 5:50am
M30 200 EMA and Pin bar in play
  • #473,899
  • Jun 28, 2011 5:51am Jun 28, 2011 5:51am
Quoting FibbinArchie
again all goes back to herd psychology, Extraordinary Popular Delusions and the Madness of Crowds...

it's how the market works...
Anyone got any good books about that? From university or so?
For my weekend reading :nerd:
  • #473,900
  • Jun 28, 2011 5:51am Jun 28, 2011 5:51am
Quoting EdgarNg
hey thats where i started, its a good site.
It looks like one. And their sense of humor is just awesome

p.s.: now just need something to hear clearly ^^
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