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  • #691,221
  • Sep 12, 2012 4:04pm Sep 12, 2012 4:04pm
Quoting Mike8
All very well and you could be right, but that has nothing to do with trading, because trading is about timing, you could be right and lose money....

Beside the market can go in three direction up, down or nowhere and when predicting we have a good 30% chances to get it right. To get it RIGHT, whatever that means.

My suggestion is to spend less time predicting where she might go and investing more time on how being able to dance with her. Just a thought.
Well to dance with her now would be like dancing with Ben Bernanke...http://www.google.ca/imgres?q=ben+be...w=1680&bih=939
  • #691,222
  • Sep 12, 2012 4:06pm Sep 12, 2012 4:06pm
Quoting aeternum
It may be wrong, but I have to trust my system.
I like this better.
"Men who can both be right and sit tight are uncommon."
  • #691,223
  • Sep 12, 2012 4:10pm Sep 12, 2012 4:10pm
Quoting wolve
Well to dance with her now would be like dancing with Ben Bernanke...http://www.google.ca/imgres?q=ben+be...w=1680&bih=939...
I would not dare do that. He is not the market, but just a muppet.,
She is.
Attached Image
"Men who can both be right and sit tight are uncommon."
  • #691,224
  • Sep 12, 2012 4:22pm Sep 12, 2012 4:22pm
Looking at my weekly in 8 weeks she had 7 bullish weeks and one bearish.
"Men who can both be right and sit tight are uncommon."
  • #691,225
  • Sep 12, 2012 4:23pm Sep 12, 2012 4:23pm
Quoting Mike8
I would not dare do that. He is not the market, but just a muppet.,
She is.
She doesn't seems like the market......................... No tops
The Thief of Wall Street
  • #691,226
  • Sep 12, 2012 4:24pm Sep 12, 2012 4:24pm
Quoting Mike8
Looking at my weekly in 8 weeks she had 7 bullish weeks and one bearish.
need a retracement...
  • #691,227
  • Sep 12, 2012 4:35pm Sep 12, 2012 4:35pm
Quoting divak
need a retracement...
Dreaming with one for 1.27140
  • #691,228
  • Sep 12, 2012 4:36pm Sep 12, 2012 4:36pm
Quoting Chicky
She doesn't seems like the market......................... No tops
i went behind my monitor no bottoms either
A good trader follows his rules, but great trader knows when to break them
  • #691,229
  • Edited 8:00pm Sep 12, 2012 4:59pm | Edited 8:00pm
Quoting Chicky
She doesn't seems like the market......................... No tops
Double top is not visible yet but the second leg is a 0.886 (significant for reversal or bend over) retracement of the first one.

As you see the length of the legs are very well defined for a nice possible constant and perpetual introduction of different stakes at different entries (please keep your imagination at bay) that will build up a huge one (stake).

I hope it helps just a bit. LOL
"Men who can both be right and sit tight are uncommon."
  • #691,230
  • Sep 12, 2012 4:59pm Sep 12, 2012 4:59pm
Can someone tell me something? If SP500 falls EU follow or they follow opposite directions? I'm asking this because everyone talks about SP500 and gold and etc and then they go to trade on EU and because i'm a newbie. Maybe it's a silly question, but don't judge me. And because i don't have the SP500 chart on my mt4 terminal.
Work smarter,not harder
  • #691,231
  • Sep 12, 2012 5:02pm Sep 12, 2012 5:02pm
Quoting divak
need a retracement...
Technicality indicates that a retacement is due, but I have not seen it yet.

EDIT: And if she does not retrace here, she could very well go to 3140.
"Men who can both be right and sit tight are uncommon."
  • #691,232
  • Sep 12, 2012 5:10pm Sep 12, 2012 5:10pm
Quoting marcof91
Can someone tell me something? If SP500 falls EU follow or they follow opposite directions? I'm asking this because everyone talks about SP500 and gold and etc and then they go to trade on EU and because i'm a newbie. Maybe it's a silly question, but don't judge me. And because i don't have the SP500 chart on my mt4 terminal.
For what I know correlation work sometime and sometime do not.

It is not a silly question and only people that judge know little.

EDIT: Off to the gym, see ya @ Frankie.
"Men who can both be right and sit tight are uncommon."
  • #691,233
  • Sep 12, 2012 5:29pm Sep 12, 2012 5:29pm
1.30's is only 100 pips away... we could easliy see that tomorrow if they want to take market there. Benny could fart and the market would be there in a flash.

Cheers


Quoting almo
My take :


Any introduction of QE3 will result in a surge in inflation. As it stands, Gas has re-reached $4 a gallon over here, which will eventually trickle down to higher prices in general. QE3 introduction will mean Gas could reach as high as $4.50 , assuming no intervention from OPEC.

However you look at it, QE3 = bad for USD. No action = bad for USD.

Only good move would be to REDUCE the amount of available money, but that would come at a cost to the economy as a whole (ie S&P).


I expect no action tomorrow. We should see Euro...
  • #691,234
  • Sep 12, 2012 5:58pm Sep 12, 2012 5:58pm
Quoting marcof91
Can someone tell me something? If SP500 falls EU follow or they follow opposite directions? I'm asking this because everyone talks about SP500 and gold and etc and then they go to trade on EU and because i'm a newbie. Maybe it's a silly question, but don't judge me. And because i don't have the SP500 chart on my mt4 terminal.

One needs only six things in life:

Food,
Clothing,
Shelter,
booze,
sex, and
Google

http://seekingalpha.com/article/6246...-misunderstood
The Thief of Wall Street
  • #691,235
  • Sep 12, 2012 6:01pm Sep 12, 2012 6:01pm
ROLLOVER CLOSE + OUTLOOK:

Based on 2012-09-12_23h00 - ZigZag + Pivot Survey

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:

2012-09-12_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-37 # E31 (NA)

This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

(UPDATE 23h00) Ausblick:

This is what we have got to work with for the period after the end of Wednesday for the period remaining until the end of Thursday ...

"Additional explanation" ...


Anticipation of rythm and trend ... major trend still up ... but end of bullish move looming ...

First down ... then up ... end of trend ... and then down again ...

###

What doesn't go higher that will go down again ... test of lower side expected soon ...


See you laters ...




palim palim





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #691,236
  • Sep 12, 2012 8:08pm Sep 12, 2012 8:08pm
I smell sell. But only time will tell.
Attached Image (click to enlarge)
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Time turns trend. - W.D. Gann
  • #691,237
  • Sep 12, 2012 8:16pm Sep 12, 2012 8:16pm
Quoting ForExtraPips
I smell sell. But only time will tell.
i can't smell sell yet.. maybe in 1.3150-60 area
  • #691,238
  • Sep 12, 2012 8:35pm Sep 12, 2012 8:35pm
I cannot see any way to NOT trade tomorrow without a large SL.

I hate to say it, but I'm likely going to be on the sidelines during the circus act.
  • #691,239
  • Sep 12, 2012 8:51pm Sep 12, 2012 8:51pm
maybe...
1st 1.2950
2nd 1.3003
3rd 1.3019

just my 2 cent...
Attached Image
  • #691,240
  • Sep 12, 2012 8:54pm Sep 12, 2012 8:54pm
Quoting almo
I cannot see any way to NOT trade tomorrow without a large SL.

I hate to say it, but I'm likely going to be on the sidelines during the circus act.
I think most of the trades use a high stop loss. I honestly thought today would of been the wild and crazy day. I think if your a scalper you should try to make your money before the US data is released.
He who guess is LOST!
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