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  • #692,281
  • Sep 14, 2012 5:01am Sep 14, 2012 5:01am
Quoting divak
so, what then after that? up? or down?
I do not know, my Friend and I do not think anybody knows.

What we can do, it is taken our chances by using our common sense.

We know that a few bear entered short, we might have gone short as well based on the h & S, but if it reverse we have to cover and go long if she breaks above, because the bears need to cover becoming bulls creating a double pressure.

We need to think in those term, we only will invest our money if we have a good chance if not we stay aside.
"Men who can both be right and sit tight are uncommon."
  • #692,282
  • Sep 14, 2012 5:01am Sep 14, 2012 5:01am
Quoting divak
amazing, this is never ending, incredible market... guys buying euro like crazy
people are not crazy - Bernanke is crazy to print money. people just take advantage of this ...... (curse deleted)
  • #692,283
  • Sep 14, 2012 5:02am Sep 14, 2012 5:02am
Quoting divak
amazing, this is never ending, incredible market... guys buying euro like crazy
Well people keep listening to these bias traders. They confuse you with theory and the market does the complete opposite. That is the reason why they trade with such low leverage and low equity. They lack the ability to be able predict the moves right before they happen.
He who guess is LOST!
  • #692,284
  • Sep 14, 2012 5:02am Sep 14, 2012 5:02am
Quoting divak
amazing, this is never ending, incredible market... guys buying euro like crazy
pull back was due to yen drying USD , one it stable ladies free to move and Buyer happt with Few pip chap accept the reality

today game is buying , question where to buy
Mohan
  • #692,285
  • Sep 14, 2012 5:03am Sep 14, 2012 5:03am
yields on italy 10y below 5%
Be hopeful in a winning position, and fearful in a losing position.
  • #692,286
  • Sep 14, 2012 5:04am Sep 14, 2012 5:04am
Quoting DifferTrader
So Next Stop Should be 1.3080 And Mohan Is there Any Chance To Down to 1.2920 Because Am Having open Orders There..
in my book it can't do below 32 unless something big break down , i just back to trading desk looking for entry its a crazy Friday and the wave have potential for up to 1.34/35 , i am expecting this to close above 1.31

move was took off before my trading break end
Mohan
  • #692,287
  • Sep 14, 2012 5:07am Sep 14, 2012 5:07am
Quoting mohan76
in my book it can't do below 32 unless something big break down , i just back to trading desk looking for entry its a crazy Friday and the wave have potential for up to 1.34/35 , i am expecting this to close above 1.31
all fridays are crazy, after draghi, ben, short coverings,

i'll definitely stop on these days
  • #692,288
  • Sep 14, 2012 5:08am Sep 14, 2012 5:08am
I have loaded some longs, aiming for TP1 at 1.314(50% fib ret from '11 october-'12 july), I however expect bulls to be leading for quite a while now
  • #692,289
  • Sep 14, 2012 5:08am Sep 14, 2012 5:08am
Quoting Mike8
I do not know, my Friend and I do not think anybody knows.

What we can do, it is taken our chances by using our common sense.

We know that a few bear entered short, we might have gone short as well based on the h & S, but if it reverse we have to cover and go long if she breaks above, because the bears need to cover becoming bulls creating a double pressure.

We need to think in those term, we only will invest our money if we have a good chance if not we stay aside.
There is a constant struggle between the parts in any TF, as a retailer we do not have the luxury to get involved in the struggle.
What we can to is to set aside and jump on wagon only when one of the parts lets go of the rope creating the double pressure.

Of course in a smaller TF like scaling you need to be very nimble and aware and young which I am not.
"Men who can both be right and sit tight are uncommon."
  • #692,290
  • Sep 14, 2012 5:09am Sep 14, 2012 5:09am
It may seems insane when you are aware of what the euro people are suffering, but everything is possible.
BTW I longed EC.
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Don't be smart. Be rich.
  • #692,291
  • Sep 14, 2012 5:11am Sep 14, 2012 5:11am
completely ridiculous
  • #692,292
  • Sep 14, 2012 5:12am Sep 14, 2012 5:12am
just draw a line from 1.3020, this thing isnt even thinking, people are just buying in a ladder
  • #692,293
  • Sep 14, 2012 5:12am Sep 14, 2012 5:12am
Quoting divak
all fridays are crazy, after draghi, ben, short coverings,

i'll definitely stop on these days
actually it's Fry day
Mohan
  • #692,294
  • Sep 14, 2012 5:13am Sep 14, 2012 5:13am
offers @ 1.3080

momentum probably too strong for that to matter though
Be hopeful in a winning position, and fearful in a losing position.
  • #692,295
  • Sep 14, 2012 5:14am Sep 14, 2012 5:14am
Quoting Rag2RichesFX
offers @ 1.3080
89 may be ok for short.
They think they are smarter than I am.
  • #692,296
  • Sep 14, 2012 5:16am Sep 14, 2012 5:16am
gap finally filled

resistant already shown weakness
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Mohan
  • #692,297
  • Sep 14, 2012 5:17am Sep 14, 2012 5:17am
The QE essentially is the largest form of "tickle-down" economics. The only people this directly effects are large income individuals - top 1-2%. They have access to this capital. Those on the lower income scale do not. Moreover, it is these individuals that suffer by a weak dollar, increase in commodities among others.

I think this notion of increasing the strength of the US economy though more QE is a boondoggle. Fiscal policy is what is needed; this may prolong the distress, but it will create bubbles within asset classes because their are no true fundamentals.

This is the forth round of stimulus since 2009 and all the US has done is stagnant. In order to cure the struggles of the US is to cut the f%$king cancer out. Cut the bullshit and fix the root cause or there will be only more pain. The US will no prosper with a severely weakened middle class.

Alias! More monopoly money stimulus. I will do my part to hedge the bullshit by trading the FX market!
  • #692,298
  • Sep 14, 2012 5:17am Sep 14, 2012 5:17am
Fed big failure is coming. Time to suspend this old man Barnanke
This year Federal borrowed seeds and ECB gonna harvest.
You cannot learn better without losing
  • #692,299
  • Sep 14, 2012 5:17am Sep 14, 2012 5:17am
Quoting forex_J
completely ridiculous
Not really.... If market sentiment is short, why would they not bring it Up? Everytime eur drops 20 points everyone thinks its going back to 1.27 There will come a point in which market sentiment will go long, and that is when they will pull the plug. MAXDOOM and his NOBLE PEACE PRIZE SPEECH IN HOW TO LOSE MONEY IN FOREX didnt fail to impress. This push up proves the point. He sais 1.305x was the top. Well he is off right now by more then 20 points. Even if it does fall back to 1.30 the reality is his entry point is off by to many points.
He who guess is LOST!
  • #692,300
  • Sep 14, 2012 5:17am Sep 14, 2012 5:17am
Quoting MaxDoom
for everyone else except the idiot in the room......

Q1. Why would big money enter long at the top of the market after a fast move up?
A1. It doesn't

Q2. What happens when buyers dry up and get over taken by sellers?
A2. Price goes down

Q3. What happens when price stalls after a fast move up?
A3. Profit taking then some stops get taken from those that bought at the top of rise (which is why big money does not enter there see Q1) and new sellers emerge

Q4. What happens after Q3?
A4. trend players look to buy in on the...
I thoroughly endorse the profound truth of Maxdoom's assertions. Price is now approaching R2 ; RSI on H1 chart is 80+ suggesting that the Euro is now overbought so a fall is due.
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