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  • #546,321
  • Oct 3, 2011 12:41pm Oct 3, 2011 12:41pm
Quoting mr1976
I think gold is going down
yeah.. i had a short at 53.. closed at 46... i think 44 (minor) but 39 level is crucial. Gonna be a bitch to break it.
  • #546,322
  • Oct 3, 2011 12:44pm Oct 3, 2011 12:44pm
Quoting Delpes
Oh that long ago Well the Belgian Fran & the Lux Franc were (almost) the same. French & German currency were accepted at the borders. As this tiny country mostly is just a border with our capital in the middle one can say you're right

Hope you enjoyed it here.
yes we were staying close to the boarder because we took a few short trips to Germany
  • #546,323
  • Oct 3, 2011 12:46pm Oct 3, 2011 12:46pm
Not even Hugh Johnson from Hugh Johnson Advisors LLC is getting the Fundamentals right at this time, as
seen on Bloomberg TV just minutes ago. When big money managers don't get it right, they act as many other fund managers
or so called experts, they wait it out. Until it turns ugly, fear sets in and the big sell off happens faster than any of us can blink.
At the moment, the fundamentals overweight the technicals by factor 3 or more.

  1. Anyone who has no talent or is uncertain about
    the Fundies, should at least TRADE With THE TREND!
  2. And for those who need to trade reversal for the sake of it, i have only one thing to say, do it when liquidity is highest, when London is trading.
    Why are some looking for a long signal on euro dollar at a London time of past 06:00 pm with price close to new lows and only a
    psychological demand level is holding it, is beyond my understanding.
    Just wait for tomorrow, so you have the liquidity you need to successfully scratch a few reversal pips, or better, sell the fucking highs. STFH.

The strongest and meanest wild anymal is always looking for the weakest prey. You should too.

Good luck and green pips to all.
ThisPip

btw i consider myself still a student of this, but i sure understand bguguen's point of view.
We need pple that don't hold back. Whoever can't take a strong opinion shouldnt be in the forex business in the first place.
Just my 2 cents, with all due respect to all ff members.

  • #546,324
  • Oct 3, 2011 12:51pm Oct 3, 2011 12:51pm
Quoting $maker
yeah.. i had a short at 53.. closed at 46... i think 44 (minor) but 39 level is crucial. Gonna be a bitch to break it.
went short again 52.2
  • #546,325
  • Oct 3, 2011 1:02pm Oct 3, 2011 1:02pm
i read that open positions is a contrarian indicator i watched a video of it on you tube if freaked me out because its so horendous so unbelievable but maybe its true like he showed a chart and when it the PA would consolidate from a sell off and go up 92% of traders were in still in their short positions and vice versa but I thought that cant posibly be true unless most traders are geniously stupid in witch case they would loss all their money in a matter of days with out even a positive trade so that must be bunk. if it was some how true the only way the they could posibly do that is with a wall street box kind of EA even then that would be extremly difficult to do as we all know EAs are never fully right only about 55% if that at all. and people would have already copied that metheod like VSA style EA. So I don't think you can read into things to much without first hand experience. All i know is when most of traders sell in a market it goes down and visavi
  • #546,326
  • Oct 3, 2011 1:06pm Oct 3, 2011 1:06pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
my earlier tp hit and I think its gonna keep on ping pong-ing between 3235 and 3210. I took another short from 3220 with TP 3190 as I am sure its going to touch that fib/pivot (3189)...///lets see
The forex market has its own life and takes its own time.
  • #546,327
  • Oct 3, 2011 1:09pm Oct 3, 2011 1:09pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting Vilgax
my earlier tp hit and I think its gonna keep on ping pong-ing between 3235 and 3210. I took another short from 3220 with TP 3190 as I am sure its going to touch that fib/pivot (3189)...///lets see

love a falling knife...out until Asia...
The forex market has its own life and takes its own time.
  • #546,328
  • Oct 3, 2011 1:10pm Oct 3, 2011 1:10pm
scratch that 'short term consolidation'. Down we go again
  • #546,329
  • Oct 3, 2011 1:14pm Oct 3, 2011 1:14pm
lets see what the asian boerses goona do
  • #546,330
  • Oct 3, 2011 1:19pm Oct 3, 2011 1:19pm
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting MelbTrader
scratch that 'short term consolidation'. Down we go again
if I look at the weekly...can still go a long ways down. wonder if it wants 3150/40 next? or up abit and then continue down....
The forex market has its own life and takes its own time.
  • #546,331
  • Oct 3, 2011 1:22pm Oct 3, 2011 1:22pm
1.3180 !!!
Use me as a contrarian indicator
  • #546,332
  • Oct 3, 2011 1:28pm Oct 3, 2011 1:28pm
Quoting mrbandwidth
1.3180 !!!
please dont get surprised buddy.. a MAJOR psych 1.32 level just got taken out like knife on butter... next psych support if any would be 1.3150 and 1.3100 then 1.3050, they go up and down every 50 pips, reason for this is beacuse Banks they trade as large numbers as they round up the currencies before they sell them out...

if you go to a bank right now, and ask for a physical money exchange you'll realise the banks would call up their central exchange branch to lock in a price point, and often they are round numbers like the one i showed you... sneaky bastards if you have to ask me.. but thats reality...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #546,333
  • Oct 3, 2011 1:29pm Oct 3, 2011 1:29pm
Guys,If you wanna long try use this kind of chart,I dont believe it go lower further but try long from the lower falling wedge even not valid yet but this kind of move and pattern needs take a little bit of breath,however overall is longterm downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #546,334
  • Oct 3, 2011 1:32pm Oct 3, 2011 1:32pm
Quoting bguguen
great idea on the EUR/CHF long, its only logical to long EURCHF now with SNB being a player in there... 1.205 is great log entry...
Not sure about yer long entry...

Given the range this pig has been in for the last few weeks, wouldn't touch it for longs at these prices...but, there does seem to be a clear line of support...based on that, IF I was looking to trade this, here is what I would be looking for. A test and hold of support.
Attached Image (click to enlarge)
Click to Enlarge Name: ec.jpg Size: 104 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #546,335
  • Oct 3, 2011 1:33pm Oct 3, 2011 1:33pm
I hope it will hit 1.3240 area because I've still opened long position with huge loss...
Trade or not to trade - that is the question...
  • #546,336
  • Oct 3, 2011 1:33pm Oct 3, 2011 1:33pm
Quoting FXMindset
Guys,If you wanna long try use this kind of chart,I dont believe it go lower further but try long from the lower falling wedge even not valid yet but this kind of move and pattern needs take a little bit of breath,however overall is longterm downtrend
target 39 tomorrow according to your chart
ROBOT FOREX
  • #546,337
  • Oct 3, 2011 1:33pm Oct 3, 2011 1:33pm
Quoting Magix
Not sure about yer long entry...

Given the range this pig has been in for the last few weeks, wouldn't touch it for longs at these prices...but, there does seem to be a clear line of support...based on that, IF I was looking to trade this, here is what I would be looking for. A test and hold of support.
you got SNB 1.2 defense barrier in consideration??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #546,338
  • Oct 3, 2011 1:35pm Oct 3, 2011 1:35pm
Quoting bguguen
you got SNB 1.2 defense barrier in consideration??
Nope. Don't give a shit about the SNB. Ima techie!

If support don't get properly tested and show to hold, it is a house of cards waiting to crumble.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #546,339
  • Oct 3, 2011 1:35pm Oct 3, 2011 1:35pm
Quoting freakout
I hope it will hit 1.3240 area because I've still opened long position with huge loss...
i sure hope you got good money management so you might actually be able to wade it out...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #546,340
  • Oct 3, 2011 1:36pm Oct 3, 2011 1:36pm
Quoting freakout
I hope it will hit 1.3240 area because I've still opened long position with huge loss...
it's easy to get back to this number but the question is how far it will go down before or until it gets to that number again

god with you
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