When Scalpers win, I lose and Vice varsa... 
- #676,783
- Aug 7, 2012 1:24pm Aug 7, 2012 1:24pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #676,789
- Aug 7, 2012 1:33pm Aug 7, 2012 1:33pm
- Joined Apr 2012 | Status: Trader | 1,054 Posts
When Scalpers win, I lose and Vice varsa...
- #676,791
- Aug 7, 2012 1:35pm Aug 7, 2012 1:35pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #676,792
- Aug 7, 2012 1:36pm Aug 7, 2012 1:36pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #676,793
- Aug 7, 2012 1:37pm Aug 7, 2012 1:37pm
Here is one view of the situation with eur/usd that in some sense supercedes technicals because it addresses the existing situation, not one that will develop:
3 levels: 2400, 2375 and 2350 (the strongest) will have to be overcome for price to fall. At each level, trapped bears will try to escape without injury, but when they do, price will get bumped back up, discouraging others from exit.
This assumes that the bears haven't tippy-toed out of the various traps
What cannot go down will likely go up.
PS: Bernanke is speaking now and is unlikely to mix personal financial advice with the advice he uses on US affairs (or at least one would hope!), so that probably won't change anything. Rosengren is also speaking however.
3 levels: 2400, 2375 and 2350 (the strongest) will have to be overcome for price to fall. At each level, trapped bears will try to escape without injury, but when they do, price will get bumped back up, discouraging others from exit.
This assumes that the bears haven't tippy-toed out of the various traps
What cannot go down will likely go up.
PS: Bernanke is speaking now and is unlikely to mix personal financial advice with the advice he uses on US affairs (or at least one would hope!), so that probably won't change anything. Rosengren is also speaking however.
- #676,795
- Aug 7, 2012 1:39pm Aug 7, 2012 1:39pm
- | Joined Jan 2012 | Status: Аdministrator | 1,215 Posts
- #676,798
- Aug 7, 2012 1:42pm Aug 7, 2012 1:42pm
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
Here is one view of the situation with eur/usd that in some sense supercedes technicals because it addresses the existing situation, not one that will develop:
Attachment
3 levels: 2400, 2375 and 2350 (the strongest) will have to be overcome for price to fall. At each level, trapped bears will try to escape without injury, but when they do, price will get bumped back up, discouraging others from exit.
This assumes that the bears haven't tippy-toed out of the various traps
What cannot go down will likely go up.
PS:...
Please remember Supports/Resistances are meant to be broken at some point...
- #676,799
- Edited 1:59pm Aug 7, 2012 1:44pm | Edited 1:59pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.