The most basic trend entry is if PA rises to the MA and bounces in a downward direction.
Those who say it cannot be done should not interrupt those who are doing it
- #6,701
- Nov 1, 2011 1:53am Nov 1, 2011 1:53am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
- #6,702
- Nov 1, 2011 1:58am Nov 1, 2011 1:58am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
What do you guys think of the new look
Anyway... I spot a left shoulder and a head...
I am not blaming the whole down move on him. Just the absence of the right shoulder. It was the "brains" in Brussels with their empty EFSF box that started it.
Those who say it cannot be done should not interrupt those who are doing it
- #6,703
- Nov 1, 2011 2:00am Nov 1, 2011 2:00am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #6,704
- Nov 1, 2011 2:07am Nov 1, 2011 2:07am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Good morning.
We just entered the zone.
Next stop 3689, but 3666 much more likely.
I hope you PT and PK still hold shorts and will make these few more.
This is a zone of heavy retracement, but as poop is coming closer to the fan, there may be only very weak correction up @ 30% before final downfall.
T.
Yes I am still short from 1.41601 I am now also short from 1.37914
That chart you posted is old (from yesterday)
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
- #6,705
- Nov 1, 2011 2:13am Nov 1, 2011 2:13am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Good morning to you also Tom,
Yes I am still short from 1.41601 I am now also short from 1.37914
That chart you posted is old (from yesterday)
Cheers
PT
.
Those who say it cannot be done should not interrupt those who are doing it
- #6,706
- Nov 1, 2011 2:20am Nov 1, 2011 2:20am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
Kill the ego, or it will kill the mission.
- #6,707
- Nov 1, 2011 2:29am Nov 1, 2011 2:29am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #6,708
- Nov 1, 2011 2:32am Nov 1, 2011 2:32am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #6,709
- Nov 1, 2011 2:38am Nov 1, 2011 2:38am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,710
- Nov 1, 2011 2:42am Nov 1, 2011 2:42am
That's thumbnail discoloration. If you open the attachment, it's red.
Ok, I believe we can now say safely that EURUSD trend is bearish. Also I have a hunch that now we are in a bottom of this wave and we'll see some reversing today. Anyway I'm not shorting anymore cause I'll see it risky even though the trend is bear.
- #6,711
- Nov 1, 2011 2:46am Nov 1, 2011 2:46am
- Joined Jun 2011 | Status: Scratching my head. | 3,576 Posts | Online Now
So you're feeling red today
Ok, I believe we can now say safely that EURUSD trend is bearish. Also I have a hunch that now we are in a bottom of this wave and we'll see some reversing today. Anyway I'm not shorting anymore cause I'll see it risky even though the trend is bear.
No QE on Wednesday will probably knock us back down by 300-400 pips.
Kill the ego, or it will kill the mission.
- #6,712
- Nov 1, 2011 2:54am Nov 1, 2011 2:54am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
...
All good though. Having a good day, 2 small losses and some nice profit booked with more running @BE
Closed my 3 Kiwi short positions for +189,
1 piece of E$ short for +101 with 2 still running,
EJ short for +105,
$J short -26 pips
GBP$ short -20 pips
Sometimes I wish I was more agressive. Well, I am incredibly slow, and I dont care. Enjoying the ride with you and wish you luck.
And I hope for todays spike up so i could get a nice entry.
If you hear me Ben, please inject some hopium, could you?
T.
"I know one thing, that I know nothing." Sokrates
- #6,713
- Nov 1, 2011 2:55am Nov 1, 2011 2:55am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #6,715
- Nov 1, 2011 3:07am Nov 1, 2011 3:07am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,716
- Nov 1, 2011 3:07am Nov 1, 2011 3:07am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
And I expect you don't trade? Or do you run some short somwhere above 1.40 ?
.I am very carefull. I have been waiting for G2 - C correction whole this bullish trend.
Now I am waiting for G2 - A (@ 30%) correction up and if bulls show any sign of weakness, I consider poop finally hit the fan and will short this nasty girl into oblivion.
T.
"I know one thing, that I know nothing." Sokrates
- #6,717
- Nov 1, 2011 3:13am Nov 1, 2011 3:13am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #6,719
- Nov 1, 2011 3:14am Nov 1, 2011 3:14am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,720
- Nov 1, 2011 3:22am Nov 1, 2011 3:22am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it