- #684,226
- Aug 24, 2012 4:03pm Aug 24, 2012 4:03pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
that quick move up would have cleared weak stops and reduce the supply paving way for an attack of the high, but seems a bit late in the day.. next week will be interesting whatever happens
"Men who can both be right and sit tight are uncommon."
- #684,229
- Aug 24, 2012 6:29pm Aug 24, 2012 6:29pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
Xandi is the man. If I could give him a voucher I would, if only because of his hilarious avatar, chomping that cigar in his pink coat like a boss (his predictions are great too, lol).
I called the short myself and bet big on it, but he did it more precisely, with some nice technicals; kudos bro.
xandi likes that!!!next week we´ve got more...and listen, at least, all my points were successfull reachead!! thanks brooo, and keep following
- #684,230
- Aug 24, 2012 6:36pm Aug 24, 2012 6:36pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
ohhhhhh, only now I see I´ve got one more voucher, from one I´ve respected since my first days here in FF, Kiwitrada, I even was interested to learn about your trading method, Kiwi, so I must be pleasefull and very happy with your vote!! you´re da mann broo!! peace andd kudos brooo 
- #684,231
- Aug 24, 2012 7:13pm Aug 24, 2012 7:13pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Oh yeah, automatically plotted pivots never work. Never, never. Never ever. 
:
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- #684,232
- Aug 24, 2012 7:30pm Aug 24, 2012 7:30pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
I was trading that night, he pushed b instead of m, had to go 4hr chart just to keep track of brick, 14000 lawsuits were filed in the following 48 hrs just in usa, what a mess, of all time I had no trades live, only 1 person fired and no indictments, I believe there is still lawsuits to be heard, today
and bro you dont need validate you trades, your cad trade sl, targets and regular updates was clearly post in advance, at end of day pips in you account, that all that matters at end of day, congrates man
New voice message: Why are you calling me? If I need you, I'll call you!
- #684,233
- Aug 24, 2012 8:37pm Aug 24, 2012 8:37pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Oh yeah, automatically plotted pivots never work. Never, never. Never ever.
"Men who can both be right and sit tight are uncommon."
- #684,234
- Aug 24, 2012 8:52pm Aug 24, 2012 8:52pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Why should they?
You do realize I was being sarcastic?
And that they plainly do work. Just not all the time and I certainly don't trade them by themselves. Just like I wouldn't trade a fib level all alone. Or anything else for that matter. A number is just a number without a setup and confirmation.
- #684,235
- Aug 24, 2012 9:14pm Aug 24, 2012 9:14pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
You mean why should they believe Pivots work and not why should Pivots work?
You do realize I was being sarcastic?
And that they plainly do work. Just not all the time and I certainly don't trade them by themselves. Just like I wouldn't trade a fib level all alone. Or anything else for that matter. A number is just a number without a setup and confirmation.
EDIT: How was your week?
"Men who can both be right and sit tight are uncommon."
- #684,238
- Aug 24, 2012 11:45pm Aug 24, 2012 11:45pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
LOL, Thanks Champ.
I will not read the article because the guy does not know how to trade, he only know how to teach. (hallo? anybody there?) 
I hope it help a bit Champ.
I will not read the article because the guy does not know how to trade, he only know how to teach.
(hallo? anybody there?) I hope it help a bit Champ.
"Men who can both be right and sit tight are uncommon."
- #684,239
- Edited 3:50am Aug 25, 2012 12:30am | Edited 3:50am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
LOL, Thanks Champ.
I will not read the article because the guy does not know how to trade, he only know how to teach.
I hope it help a bit Champ.
"Reading the tape merely enables him to see that at 130 the selling had been stronger than the buying and a reaction in the price logically followed. Up to the point where the selling prevailed over the buying, superficial student of the tape may conclude that the price is not going to stop short of 150, and they buy,. But after the reaction begins they hold on, or sell out of a small loss, or they go short and talk bearish. But at 120 there is a stronger resistance to the decline. The buying prevails the selling, there is a rally and the shorts cover.
The public is so whipsawed that one marvel at their persistence in not learning their lesson.
Eventually something happens that increases the power of either the upwards or the downwards force to the point of greatest resistance moves up or down- that is, the buying at 130 will for the first time be stronger than the selling, or the selling at 120 be stronger than the buying. The price will break through the old barrier or movement-limit and go on.
As a rule, there is always a crowd of traders who are short at 120 because it looked so weak, or long at 130 because it looked so strong and when the market goes against them they are forced, after a while, either to change their minds and turn or closed out . In either event they help to define even more clearly the price of least resistance. Thus the intelligent trader who has patiently waited to determine this line will enlist the aid of fundamental trade conditions and also of the force of the trading of that part of the community that happened to guess wrong and must now rectify mistakes. Such corrections tend to push prices along the line of least resistance."
By Jesse Livermore.
I am off for the WE.
"Men who can both be right and sit tight are uncommon."