The trend man, the trend.
- #26,681
- Sep 2, 2011 12:07am Sep 2, 2011 12:07am
- Joined Mar 2009 | Status: Trader | 6,418 Posts
- #26,683
- Sep 2, 2011 12:14am Sep 2, 2011 12:14am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #26,684
- Sep 2, 2011 12:35am Sep 2, 2011 12:35am
- Joined Mar 2009 | Status: Trader | 6,418 Posts
Let's zoom in a little man.....this is the daily......not a lot of progress made south over the past 4 weeks, in fact it's starting to have that 'rounded bottom' look to it.
It could go either way.....can't argue with such a strong trend, but it can't go on forever.
Just have to wait and see what NFP brings
they have cost me plenty of money before. Now back to forex... I suppose you make a good point. Price is hung up there. However, it hasn't been bouncing much off that level. As pursuit said, many retailers are long and are usually on opposite side of things. Not to mention the plethora of stops I believe are between 74-75. Could it be a created optical illusion? I don't think anyone can say for sure. No one here at least. I know I can't. Perhaps the NFP will be the catalyst for a move up or break through down, as you mentioned. If I had to choose, I would go short based on the trend plus other stuff I said above.
Oh those round bottoms
Now back to forex... I suppose you make a good point. Price is hung up there. However, it hasn't been bouncing much off that level. As pursuit said, many retailers are long and are usually on opposite side of things. Not to mention the plethora of stops I believe are between 74-75. Could it be a created optical illusion? I don't think anyone can say for sure. No one here at least. I know I can't. Perhaps the NFP will be the catalyst for a move up or break through down,...
- #26,686
- Sep 2, 2011 2:19am Sep 2, 2011 2:19am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
LOL.....thanks for the explanation! Nothing wrong with gut feelings though, once in while it can be a useful indicator.
The real reason I asked is because some people who post that 'think it will go here'....or 'I think it will go down', are just making noise imo
When the price move as they prediction then later they will said I TOLD YOU SO
But When The price move in other side they will said.."well...or just keep silent"
If there was easy money lying around,no one would be forcing it into your
- #26,687
- Sep 2, 2011 2:37am Sep 2, 2011 2:37am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Possible Scenario ? how do you think guys,fosking,realjumper,USdbear and other 
If there was easy money lying around,no one would be forcing it into your
- #26,688
- Sep 2, 2011 3:05am Sep 2, 2011 3:05am
- Joined Nov 2009 | Status: ¯¯¯¯¯¯¯¯¯¯ | 1,339 Posts
Possible Scenario ? how do you think guys,fosking,realjumper,USdbear and other
I'm not going to be in UJ today, so this is my only chart on the pair.
Good luck!
USD/JPY M5
- #26,689
- Sep 2, 2011 3:12am Sep 2, 2011 3:12am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Morning mate, how's it going?
I'm not going to be in UJ today, so this is my only chart on the pair.
Good luck!
USD/JPY M5
Attachment
Still Holding my long with SL 76.40
Probably would be ate by Crazy NFP tonight,who knows ? haha
Thank You Mate
If there was easy money lying around,no one would be forcing it into your
- #26,690
- Sep 2, 2011 3:13am Sep 2, 2011 3:13am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Possible Scenario ? how do you think guys,fosking,realjumper,USdbear and other
Doing what you like is Freedom. Liking what you do is Happiness.
- #26,691
- Sep 2, 2011 3:17am Sep 2, 2011 3:17am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
It's hard to say this close to NFP......I'm not taking any positions on this pair until NFP is done and dusted. In fact I have no open positions now, so I'm going to do what Noda taught me to do......watch closely!!
If there was easy money lying around,no one would be forcing it into your
- #26,692
- Sep 2, 2011 3:24am Sep 2, 2011 3:24am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #26,693
- Sep 2, 2011 3:28am Sep 2, 2011 3:28am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Just be aware that if this pair makes a sudden spike down at NFP time, you'll encounter some slippage on your stop loss. Depending on your broker, the slippage can be quite painful!
If there was easy money lying around,no one would be forcing it into your
- #26,696
- Sep 2, 2011 3:59am Sep 2, 2011 3:59am
- Joined Mar 2009 | Status: Trader | 6,418 Posts
It has been moving in range for so many days.. Today will be the day it move up/down strongly.. Have you bought your roller coaster ticket?
- #26,697
- Edited 6:40am Sep 2, 2011 6:30am | Edited 6:40am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Imo,this pairs keep breaking down since 2007 and maybe today we will see the new low also,,but hey yah..who knows today we will breaking up when everyone believe it could going down
Going to sleep first and back in 2 Hours
Dreaming Mode ON
Going to sleep first and back in 2 Hours
Dreaming Mode ON
If there was easy money lying around,no one would be forcing it into your
