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  • #539,501
  • Sep 17, 2011 2:57pm Sep 17, 2011 2:57pm
Quoting FibbinArchie
you got the yacht and the monaco apartment yet?
Working on it. Patience bro, but I got the nice condo in San Diego
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  • #539,502
  • Sep 17, 2011 3:01pm Sep 17, 2011 3:01pm
Quoting KillerWhale
Working on it. Patience bro, but I got the nice condo in San Diego
  • #539,503
  • Sep 17, 2011 3:11pm Sep 17, 2011 3:11pm
Quoting FibbinArchie
Operation Twist is being touted by most market watchers as the Fed's most likely next move...

http://www.thestreet.com/story/11250...cm_ven=GOOGLEN
True, but if the US were to be apart of a larger plan to bail out Europe; which I believe it will because of the impact an implosion would have on the US, David Rosenberg's suggestions certainly seem feasible and maybe even beneficial, especially in the short term.
http://www.zerohedge.com/news/forget...hat-about-come
More than a grain of salt is advisable
  • #539,504
  • Sep 17, 2011 3:20pm Sep 17, 2011 3:20pm
Quoting jabbawest
True, but if the US were to be apart of a larger plan to bail out Europe; which I believe it will because of the impact an implosion would have on the US, David Rosenberg's suggestions certainly seem feasible and maybe even beneficial, especially in the short term.
http://www.zerohedge.com/news/forget...hat-about-come
as ever the fundamental landscape is evolving, look at the big spike up in e/u on thursday, off the back of the coordinated cb plan announcement..

however doubts over it's feasibility are substantial, demonstrated by the fact that the entire move had been retraced within 24hrs and by yesterday's close we were well back under the initial break out level...

a good excuse for a bit of a short squeeze/stop clear-out i dare say...

the annoying thing is that i sold it at around 935 (i think it was dr3 or something) but covered around the 880 level, a long spike like that should have just left it in, but never mind market opportunities are like buses, there'll be another one along very shortly...

i do think that by mid week we should have some decent directional movement again, let's see...
  • #539,505
  • Sep 17, 2011 3:36pm Sep 17, 2011 3:36pm
there is a nice trade now for the GPBJPY with high reward to risk ratio

long at current price 121.204, stop at 118.79, target 147.139... worth a try i guess if you can handle a 250 pips stop loss, reward is around 2500 points
When life gives you lemons, make lemonade
  • #539,506
  • Sep 17, 2011 3:48pm Sep 17, 2011 3:48pm
EU Monthly Outlook - Bearish Phase
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If there was easy money lying around,no one would be forcing it into your
  • #539,507
  • Sep 17, 2011 3:51pm Sep 17, 2011 3:51pm
Quoting micho
there is a nice trade now for the GPBJPY with high reward to risk ratio

long at current price 121.204, stop at 118.79, target 147.139... worth a try i guess if you can handle a 250 pips stop loss, reward is around 2500 points
Sounds GREAT!

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  • #539,508
  • Sep 17, 2011 4:09pm Sep 17, 2011 4:09pm
Quoting micho
there is a nice trade now for the GPBJPY with high reward to risk ratio

long at current price 121.204, stop at 118.79, target 147.139... worth a try i guess if you can handle a 250 pips stop loss, reward is around 2500 points

Could you please explain a bit why you think it should reverse for now and to that level? As I can't find any reasonable explanation here. Also, about what long term are you talking about here?
  • #539,509
  • Sep 17, 2011 4:15pm Sep 17, 2011 4:15pm
Quoting zenlot
Could you please explain a bit why you think it should reverse for now and to that level? As I can't find any reasonable explanation here. Also, about what long term are you talking about here?
Its just a setup that formed and now the RR is 10:1
Several signs of bullish divergence on the monthly chart and already saw signs of several bullish signals. The price keeps on going down but at the same time gathering momentum... when this beast wakes up its gonna blast up if we dont break that stop which is the lowest ever price for this pair. Yeah you can be unlucky and get your stop hit but it is a normal setup
When life gives you lemons, make lemonade
  • #539,510
  • Sep 17, 2011 4:16pm Sep 17, 2011 4:16pm
This is my Friday trade. Any comment will be appreciated.

In short, two lots @ 1.3813, SL 1.3827. (red arrow)
Covered 1 lot 1,3793, second lot 1.3793.
Reasons: Overshot of the channel line, pin bar and oil was dropping on the 30 minutes TF.

Looking at the chart I should have covered my second lot just above the bullish bar that crossed back above my latest support @ 1.3775, but I was thinking that she would go back at least on testing the extreme low. I got out once prices crossed above the ema forming a bearish pin bar moving my stop 1 pips above that bar.
I guess I was not quick enough.

mla
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  • #539,511
  • Sep 17, 2011 4:17pm Sep 17, 2011 4:17pm
Quoting zenlot
Could you please explain a bit why you think it should reverse for now and to that level? As I can't find any reasonable explanation here. Also, about what long term are you talking about here?
Techie double bottom for a retrace on the Montly Breakzone dude...

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  • #539,512
  • Sep 17, 2011 4:21pm Sep 17, 2011 4:21pm
Quoting zenlot
Could you please explain a bit why you think it should reverse for now and to that level? As I can't find any reasonable explanation here. Also, about what long term are you talking about here?
Same question here.

Yeah, historical lows are 250 down from here, but why should be the reversal now? Not better to wait for some candle formation, or some movement up? Going long now would be gambling and have little technical support.

Only RSI (oversold market) and possibility of mythical BOJ intervention could lead to some bullish movement, but i would wait for some sighn of trend reversal befor going long!
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  • #539,513
  • Sep 17, 2011 4:36pm Sep 17, 2011 4:36pm
two reasons to be cautious about longing geppy, just saying...

http://uk.reuters.com/article/2011/0...7KG2HE20110916


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  • #539,514
  • Sep 17, 2011 4:55pm Sep 17, 2011 4:55pm
Quoting micho
there is a nice trade now for the GPBJPY with high reward to risk ratio

long at current price 121.204, stop at 118.79, target 147.139... worth a try i guess if you can handle a 250 pips stop loss, reward is around 2500 points
And why would you need a 250 s/l?
Why not wait till it is at the bottom, bounces a few times, gets rejected and then put in a 20 pip s/l once you know that it is on the way up? I don't believe your target for a minute but it could be a nice retrace.
And as for risk/reward ratio with that 20 pip stop your entry could be 10 times bigger if you just wait.

Just my 3 pips
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  • #539,515
  • Sep 17, 2011 5:03pm Sep 17, 2011 5:03pm
Quoting KillerWhale
Why not wait till it is at the bottom, bounces a few times
Bounce Bounce...
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  • #539,516
  • Sep 17, 2011 5:07pm Sep 17, 2011 5:07pm
Quoting Magix
Bounce Bounce...
Almost there Magix, give it a few days. or who knows, a few weeks

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  • #539,517
  • Sep 17, 2011 8:14pm Sep 17, 2011 8:14pm
Quoting Haqu
Same question here.

Yeah, historical lows are 250 down from here, but why should be the reversal now? Not better to wait for some candle formation, or some movement up? Going long now would be gambling and have little technical support.

Only RSI (oversold market) and possibility of mythical BOJ intervention could lead to some bullish movement, but i would wait for some sighn of trend reversal befor going long!
what about your stoch?
  • #539,518
  • Sep 17, 2011 10:22pm Sep 17, 2011 10:22pm
Hi Gamblers! How can I help you? You have any question for me?
The Thief of Wall Street
  • #539,519
  • Sep 17, 2011 10:28pm Sep 17, 2011 10:28pm
Quoting Chicky
Hi Gamblers! How can I help you? You have any question for me?
Whut rhymes with Orange?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #539,520
  • Sep 17, 2011 10:33pm Sep 17, 2011 10:33pm
Quoting Chicky
Hi Gamblers! How can I help you? You have any question for me?
Any question ...................What do you think, you think I could handle this?
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