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  • #575,501
  • Dec 16, 2011 12:21am Dec 16, 2011 12:21am
Quoting Clouds
What a nerd. Thinking business is fun.
What business?............ This is Monkey Business.
The Thief of Wall Street
  • #575,502
  • Dec 16, 2011 12:22am Dec 16, 2011 12:22am
Quoting Chicky
What business?............ This is Monkey Business.
Well. Being a money is even less fun.
  • #575,503
  • Dec 16, 2011 12:23am Dec 16, 2011 12:23am
Quoting KillerWhale
Ascending triangle = Continuation pattern.
Breakout soon
what happens if it breaks the lower line???
  • #575,504
  • Dec 16, 2011 12:25am Dec 16, 2011 12:25am
Quoting Clouds
What a nerd. Thinking business is fun.
ufff
______________________

You dont enjoy trading the tech pron mate
  • #575,505
  • Dec 16, 2011 12:29am Dec 16, 2011 12:29am
Quoting Clouds
Well. Being a money is even less fun.
It depends how one trades.

Quoting Chicky
3. Logic of what I believe in (Part D)


Logic behind "If a trade gives stress, somthing is wrong with Money Management"

.....................To be continued ....
The Thief of Wall Street
  • #575,506
  • Dec 16, 2011 12:29am Dec 16, 2011 12:29am
Ready to short rallies.. ??
  • #575,507
  • Dec 16, 2011 12:31am Dec 16, 2011 12:31am
I guess we could go back to 2975, and back up to 3025 to close week, but I don't like the r/r, i prefer going higher to 3100 and beyond.
  • #575,508
  • Dec 16, 2011 12:37am Dec 16, 2011 12:37am
Quoting Wulfgar
what happens if it breaks the lower line???
That's also a breakout isn't it? Maybe it has to break lower first since EZ should trade opposite direction of Asia
New voice message: Why are you calling me? If I need you, I'll call you!
  • #575,509
  • Dec 16, 2011 12:40am Dec 16, 2011 12:40am
will it break 1.304? equity is rising
  • #575,510
  • Dec 16, 2011 12:41am Dec 16, 2011 12:41am
Quoting happytrader
will it break 1.304? equity is rising
About an 85% chance.
  • #575,511
  • Dec 16, 2011 12:51am Dec 16, 2011 12:51am
morning from the uk

I have entered a new short here and will build further as opportunities present and I am still looking for at least 1.2907.

Specially for Chicky WHY?

Monthly - still in extended correction of 2000-2007 bull trend which so far has touched a max low of 1.2330 Oct'08 about 48%.

Weekly the same but if you look at it versus last bull run Apr'10 - May'11 it has so far corrected around 80% @ 1.2945 which will either proved to be near to the limit of it or the start of a near bear trend that takes out the 1.26 and threatens to deepen the extended Monthly correction in play.

If we are near the extent of the Weekly retracement against that latest run then the latest 5 wave pattern gives me a target of 1.2907 - see chart. But if we are to take out that 1.26 then we must be in the middle of the larger wave 3 down itself made up of the 5 waves shown on chart.

So for now I would like to see 1.2907 before considering a major pull back. PA and history will decide I am easily persuded to take the best setups

If we take out 1.3063 before 1.2945 I will stop adding shorts as it is a potential new low forming
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  • #575,512
  • Dec 16, 2011 12:58am Dec 16, 2011 12:58am
Quoting gatoman
Ready to short rallies.. ??
The previous 4H bar never break the resistance

I am in for short rallies , what's your support area ?
  • #575,513
  • Dec 16, 2011 1:02am Dec 16, 2011 1:02am
Quoting MaxDoom

If we are near the extent of the Weekly retracement against that latest run then the latest 5 wave pattern gives me a target of 1.2907 - see chart. But if we are to take out that 1.26 then we must be in the middle of the larger wave 3 down itself made up of the 5 waves shown on chart.
Morning mate,

Im not into waves here...except the new wave of traders which recognize the trend and foook all the resistance levels on their way!

I like 1,26 even better!!
_________________________________________________

Myself waiting for Frankie and Laandan to show where we at.

Buying a bit of EURAUD to see it in 2008 levels there! Which could really be in place with 1,29/26/21 on fiber.
  • #575,514
  • Dec 16, 2011 1:05am Dec 16, 2011 1:05am
Quoting 21vs7
Morning mate,

Im not into waves here...except the new wave of traders which recognize the trend and foook all the resistance levels on their way!

I like 1,26 even better!! .

morning, I understand where you are comming from, for me I only use waves to provide targets and potential direction I don't count all the minor patterns etc. and I learnt long ago to discount it the moment it is no longer valid instead of finding some reason why "this one" is a special shaped wave like many do. Simple 3 and 5 wave patterns for me coupled with fib time and price projections. but just one tool if you know what I mean
  • #575,515
  • Dec 16, 2011 1:06am Dec 16, 2011 1:06am
foook, DAX opened up in the sky there
  • #575,516
  • Dec 16, 2011 1:07am Dec 16, 2011 1:07am
Quoting 21vs7
foook, DAX opened up in the sky there
going to play the suckers gap ?
  • #575,517
  • Dec 16, 2011 1:08am Dec 16, 2011 1:08am
Quoting MaxDoom
morning, I understand where you are comming from, for me I only use waves to provide targets and potential direction I don't count all the minor patterns etc. and I learnt long ago to discount it the moment it is no longer valid instead of finding some reason why "this one" is a special shaped wave like many do. Simple 3 and 5 wave patterns for me coupled with fib time and price projections. but just one tool if you know what I mean

Agreed, I hear ya! What works for you - one should focus on!
  • #575,518
  • Dec 16, 2011 1:10am Dec 16, 2011 1:10am
Quoting MaxDoom
going to play the suckers gap ?
Now Im worried a bit. I have 5.835 where they should kick it down if we get there in a first place...5.900 the other one..

Down, we definately should obey the gab Lord and all shall short when it appears.

Nothing here decided yet on my behalf!!

Italy over 7% atm...kissing the default yield there!
  • #575,519
  • Dec 16, 2011 1:12am Dec 16, 2011 1:12am
looks like it's gonna shoot up any minute now.. before got hammered again at NY session..
  • #575,520
  • Dec 16, 2011 1:14am Dec 16, 2011 1:14am
Quoting andri66
looks like it's gonna shoot up any minute now.. before got hammered again at NY session..

a look is a very biased thing, if I look at it (being short) I would say it looks like it is going to drop like a stone any minute now
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