Coz they were buying it. But since they have read my post, they realized they are making mistake.
I observe your reality but live my own. 
- #48,342
- Aug 19, 2012 2:23pm Aug 19, 2012 2:23pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I have a huge hammer waiting, but I don't plan on using it until I see the majority of Oanda lemmings capitulating on their E/U bearish sentiment and going bull. Once that happens, BAM!!! Hammer time
Those who say it cannot be done should not interrupt those who are doing it
- #48,343
- Aug 19, 2012 2:24pm Aug 19, 2012 2:24pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
And buying is not a good thing?
Those who say it cannot be done should not interrupt those who are doing it
- #48,344
- Aug 19, 2012 2:26pm Aug 19, 2012 2:26pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
And buying is not a good thing?
.
"I know one thing, that I know nothing." Sokrates
- #48,345
- Aug 19, 2012 2:29pm Aug 19, 2012 2:29pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Not in my world
Those who say it cannot be done should not interrupt those who are doing it
- #48,347
- Aug 19, 2012 2:36pm Aug 19, 2012 2:36pm
- 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
- #48,348
- Aug 19, 2012 2:37pm Aug 19, 2012 2:37pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
Are you capitulating on your shorts?
Also watching crude closely. If it stays below 97 I would think we're going to continue trending with very small daily range. However, if it starts to move north of $97 we're going to see more weakness in the USD and we may close above the daily 55EMA.
As I posted on Friday, the 55EMA is flatlining and may open up the way to the 100SMA. This is a short term view (a few weeks) and may be where you're going to bring out your hammer. If indeed we post a confirmation close above the 55EMA, many shorts are going to capitulate.
I observe your reality but live my own.
- #48,350
- Aug 19, 2012 2:46pm Aug 19, 2012 2:46pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
No, hedging more. And trading other instruments, namely crude. I believe we will test the daily 55EMA again at 1.2383 before going below 1.2300. May's low has been support for the last 7 days at 1.2287. One could argue that in the same time we've posted lower highs making a decending triangle on the hourly, but until I see the raising daily trend line break, I'm going to bet on the up side.
Also watching crude closely. If it stays below 97 I would think we're going to continue trending with very small daily range. However, if it starts...
http://1.bp.blogspot.com/-a-yB8ZMvto...conclassic.jpg
Those who say it cannot be done should not interrupt those who are doing it
- #48,352
- Aug 19, 2012 3:21pm Aug 19, 2012 3:21pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own.
- #48,353
- Aug 19, 2012 3:22pm Aug 19, 2012 3:22pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Someone just push the yen down to 98 so I can go to bed with 20 pips in the bag! any body got some good articles about the week ahead?
As for good articles for this week, I don't think you're going to find any objective ones. They are all biased right now as the market and media are split up into two distinct camps. The ones who believe Spain and Italy will request aid before mid September, and the ones who don't.
In case you're wondering, I'm on the "don't" side
Those who say it cannot be done should not interrupt those who are doing it
- #48,354
- Aug 19, 2012 3:23pm Aug 19, 2012 3:23pm
- 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
- #48,355
- Aug 19, 2012 3:29pm Aug 19, 2012 3:29pm
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts
Good Day Aaron!
1. I personally believe there are very less retail traders who can invest 100k USD for a Forex acct, which they can consider as Risk Capital
2. Trading with 100K USD is easier but arranging it tough in first position
3. Trading with 1K is better option and then it will take 2 yrs to make the capital double if you follow the proper money management rule and try mitigating the risks by not taking more risk on your equity per trade.
If it takes 2 years to double, then you will make 50k a year on a 100k. Not a fortune, but something that might justify the time spent. With 1k you are working for 500 a year or about $42 a month. This probably wont justify the effort spent.
Kill the ego, or it will kill the mission.
- #48,356
- Aug 19, 2012 3:29pm Aug 19, 2012 3:29pm
I'm trying Rod but the best I can get you is 98.06
As for good articles for this week, I don't think you're going to find any objective ones. They are all biased right now as the market and media are split up into two distinct camps. The ones who believe Spain and Italy will request aid before mid September, and the ones who don't.
In case you're wondering, I'm on the "don't" side
Just noticed your website its a great read I'll definitely read your analysis tomorrow morning and hopefully give myself a bit of knowledge on which way to trade this..
I agree with your view, typical European politics put it off and put it off until the coastline actually starts to sink and before they reach their doom someone pulls their head above water.. Temporarily
- #48,357
- Aug 19, 2012 3:34pm Aug 19, 2012 3:34pm
Get out your lump hammer and just give it a tap please no need for the sledge or a great expulsion of energy
Just noticed your website its a great read I'll definitely read your analysis tomorrow morning and hopefully give myself a bit of knowledge on which way to trade this..
I agree with your view, typical European politics put it off and put it off until the coastline actually starts to sink and before they reach their doom someone pulls their head above water.. Temporarily
- #48,358
- Aug 19, 2012 3:43pm Aug 19, 2012 3:43pm
- Joined Jun 2011 | Status: Scratching my head. | 3,578 Posts
I have a huge hammer waiting, but I don't plan on using it until I see the majority of Oanda lemmings capitulating on their E/U bearish sentiment and going bull. Once that happens, BAM!!! Hammer time
Attachment
As I see the key drivers of the most recent crash of the euro is the trifectate of French election, the Greek anti-election and just possibly the Spanish slow motion train wreck. I say just possibly because the Spanish problem is really nothing new but for some reason everybody got excited about it for a time. But all three items are really old news now.
Kill the ego, or it will kill the mission.
- #48,359
- Aug 19, 2012 3:48pm Aug 19, 2012 3:48pm
........With low leverage, a trader/investor does not need a tight stop to limit losses. In fact as long as the trade in entered at a swing high anticipating a move lower (or a swing low anticipating a move higher), then you may not need to take a loss, and if you do, most likely only a small one which will be cancelled out by an additional recovery position for what will most likely be a net gain.
In contrast, using high leverage, you have no choice but to take a loss if price moves against you because your risk limit is reached much quicker and...
This is something that every will experience weather they learn from it is another thing.
I think that this applies to most common sense rules of trading...traders will experience the effect of these common sense rules along the way... the trick I think is either learning from the experience or learning from others mistakes.
...... Just what I have read so far, idea of multiple universes is in core of this science........ So, according to this logic, I may hit the universe where praying works ....
(fits in with sikh's belief of multiple universe both parallel and others (perception) that exsist simultaneusly).
Employ your time in improving yourself by other men's writings, so that you shall gain easily what others have labored hard for.
Tonight has been an intrest read!!!
- #48,360
- Aug 19, 2012 3:50pm Aug 19, 2012 3:50pm
- | Additional Username | Joined May 2012 | 1,201 Posts