quite a stubborn market, going up up up and nobody really knows why as nothing substantial AND concrete is annouced in Europe.
I dont mind, the higher it goes, the higher my short
I dont mind, the higher it goes, the higher my short
- #683,421
- Aug 23, 2012 4:52am Aug 23, 2012 4:52am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #683,422
- Aug 23, 2012 4:57am Aug 23, 2012 4:57am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
I admire anyone who can switch over to another pair and make money whilst EUR/USD is offering very little, as I find that in the main, if one pair is in a mess, the majority of the other majors are as well. I stick to one currency at a time, as there are usually enough trade opportunities in any one day no matter what currency you trade.
Pa in a smaller TF may give more clues at a possible next tap, whatever will be wise to take the risk. Maybe....
"Men who can both be right and sit tight are uncommon."
- #683,423
- Aug 23, 2012 5:02am Aug 23, 2012 5:02am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,019 Posts | Online Now
quite a stubborn market, going up up up and nobody really knows why as nothing substantial AND concrete is annouced in Europe.
I dont mind, the higher it goes, the higher my short
Patience, Emotion Control and Discipline.
- #683,424
- Aug 23, 2012 5:06am Aug 23, 2012 5:06am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
"Men who can both be right and sit tight are uncommon."
- #683,425
- Aug 23, 2012 5:10am Aug 23, 2012 5:10am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #683,426
- Aug 23, 2012 5:14am Aug 23, 2012 5:14am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #683,429
- Aug 23, 2012 5:16am Aug 23, 2012 5:16am
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- #683,430
- Aug 23, 2012 5:18am Aug 23, 2012 5:18am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Have you heard of " Bad Guy Good Guy Technic " , this is what Bundesbank and Dragni are playing ...
Who's who?
"Men who can both be right and sit tight are uncommon."
- #683,431
- Aug 23, 2012 5:23am Aug 23, 2012 5:23am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #683,432
- Aug 23, 2012 5:24am Aug 23, 2012 5:24am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
I am looking at this one and a possible tap to the DTL (blue) which is a weekly one, also 78.6 of the previous leg.
Pa in a smaller TF may give more clues at a possible next tap, whatever will be wise to take the risk. Maybe....
- #683,433
- Aug 23, 2012 5:26am Aug 23, 2012 5:26am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
NO.
Who's who?
I bet a one million dollar if i had them, that the London Business Meeting that had the famous Dragni statement " the ECB will do what ever it takes .... " were actually orchestrated. Surprising, i actually read an article on WSJ assuming the same
"It's the Margin, Stupid."
- #683,434
- Aug 23, 2012 5:30am Aug 23, 2012 5:30am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Where we are going?
One thing I learned in all those years is not to hold any prediction/concept, they only narrow your view and make you less nimble.
When I do, I subconsciously neglect entries on the other side.
To read the media, I think is good to give us a hint of what is going on (sentiment) which combined with TA (psychology of the masses) will give us a bit of a light to when and where risk our money.
"Men who can both be right and sit tight are uncommon."
- #683,435
- Aug 23, 2012 5:32am Aug 23, 2012 5:32am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #683,436
- Aug 23, 2012 5:34am Aug 23, 2012 5:34am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Not one I've ever looked at Mike. The only other pair I really like is GBP/JPY, which, since the spread has come right down, offers the best bang for your buck out there, but you've gotta be extra smart with it, for the use of a tight stop like mine means more stop outs.
"Men who can both be right and sit tight are uncommon."
- #683,437
- Aug 23, 2012 5:43am Aug 23, 2012 5:43am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Bundesbank is playing the Bad Guy and Dragni the good guy and Merkel is the little angle stuck between them
I feel somebody is a bit cornered at the moment. Monti (Italian PM) is also threatening to get out if............ backed by Spain/France and Obama.
If that happens well ...is not good business for Bundesbank....
"Men who can both be right and sit tight are uncommon."
- #683,439
- Edited 6:23am Aug 23, 2012 6:01am | Edited 6:23am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #683,440
- Aug 23, 2012 6:08am Aug 23, 2012 6:08am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
[quote=johncen;5951575]
sorry bro, got a virus on laptop and had to do a complete restore, am home now on main pc system.
Her at resistance bro, daily falling wedge is another nice resit above 2619, but her not ready for that yet.
invertd H&S is playing out nice Daily, but utl of wedge is deserve respect I think
bro what do you think about the euro???
, am home now on main pc system.Her at resistance bro, daily falling wedge is another nice resit above 2619, but her not ready for that yet.
invertd H&S is playing out nice Daily, but utl of wedge is deserve respect I think
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