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  • #718,701
  • Nov 17, 2012 12:34pm Nov 17, 2012 12:34pm
Quoting clambill
Anyone know if they can't print more next year because of the fiscal cliff?
they already agreed to qe infinity u dont think they thought about 3 fiscal cliffs ahead? its just a buying oppurtunity created by scaring weak longs
  • #718,702
  • Nov 17, 2012 12:55pm Nov 17, 2012 12:55pm
Quoting trader_fx1
i didnt took it personal, i just said that this one of the heaviest BS in history.
that was objective view, nothing personal.

surely trading is combination one hundered nessecary things, much more than one indicator.

but your theory... is too far from that.
what to say bro? works for me, works for other people i know, so you might be a little wrong
Trading is about keep it simple... be pacient and you get what you want. Peace.
  • #718,703
  • Nov 17, 2012 2:08pm Nov 17, 2012 2:08pm
The United States is going 2 million dollars in debt every minute. Buy eur dips..........the eur will range for now 1.27 - 1.31, the daily just turned north.....the weekly says we might retest 1.23 area
The More You Learn, The More You Earn.....
  • #718,704
  • Nov 17, 2012 3:05pm Nov 17, 2012 3:05pm
Quoting trader_fx1
i didnt took it personal, i just said that this one of the heaviest BS in history.
that was objective view, nothing personal.

surely trading is combination one hundered nessecary things, much more than one indicator.

but your theory... is too far from that.
what to say bro? works for me, works for other people i know, so you might be a little wrong
try to understand this: nothing is %100 right and nothing is %100 wrong. everything is relevant. it is just the essence of the world we live in.
i rephrase: avoid being rigid. always consider what if opposite is true? what if you are wrong? this applies to your "BS" statement. this applies to trading.

i repeat again, candlesticks, patterns, formations, indicators, HH, HL, LL, LH, everything comes to your mind will never give you 100 percent win result. market does not care about them, price will either go up or down. so what do we do? we invent things just to get in or out, and things we invent are all in our imagination. being too confident kills. watch video about Long-Term Capital Management group. they invented magic formula or thought found the holy grail, minimum risk maximum profit. they made enormous money and soon went broke, lost billions. if something works, it is risk control. when you are too sure one day the black swan hits you.

this is food for thought. try to understand or just forget and move on.
As Above, So Below
  • #718,705
  • Nov 17, 2012 4:24pm Nov 17, 2012 4:24pm
Looking at the weekly chart, I still have it going to 2531. Daily wants 2642. We'll see how it goes..
I would not read too much into the last move up as it went on with low liquidity driven by U.S. news.
  • #718,706
  • Nov 17, 2012 4:30pm Nov 17, 2012 4:30pm
Quoting attila
Looking at the weekly chart, I still have it going to 2531. Daily wants 2642. We'll see how it goes..
But, is it the weekly formed a Harmi ! Which is a sign of reversal or trend exhaustion ?
"It's the Margin, Stupid."
  • #718,707
  • Nov 17, 2012 4:51pm Nov 17, 2012 4:51pm
Quoting Vachus
But, is it the weekly formed a Harmi ! Which is a sign of reversal or trend exhaustion ?
Not really... It's a spinner.. All it means is indecision after a major low was broken and it's still below it.. Could bounce of course but at this moment at least there's nothing on the weekly chart saying reversal. We'll see what next week will look like..
  • #718,708
  • Nov 17, 2012 4:52pm Nov 17, 2012 4:52pm
Quoting tashkent
try to understand this: nothing is %100 right and nothing is %100 wrong. everything is relevant. it is just the essence of the world we live in.
i rephrase: avoid being rigid. always consider what if opposite is true? what if you are wrong? this applies to your "BS" statement. this applies to trading.

i repeat again, candlesticks, patterns, formations, indicators, HH, HL, LL, LH, everything comes to your mind will never give you 100 percent win result. market does not care about them, price will either go up or down. so what do we do? we invent...
in my theory all those indicators works. if not 100%, surely for 99.99%. not for me, not for you, not for anyone, cause nobody is so clever to understand every detail in the chart and to see what will be happen in the future with a 100% ratio.
but when we look back everything is explained.

and we didn't invent those indicators trends patterns ect
EW worked well before are known to the public, same with trends, same with fibs
as for me i dont use patterns, i think they are useful to me only if it is to check a stock, but not useful for forex
my trading style dont need every available tool

in action you dont need 100% correct speculations to be in profits. we are humans, we make bad plans sometimes, other times we dont read the market correct, but rules should be there to save our ass from our bad speculations.
those rules are of higher importance than TA skills in order to be a happy trader.
but at the end was our mistake, market was clear to us, we just were wrong.

if you are good in TA and go back to study a failed trade you will see what you did wrong (in the technical part). If you cant find what you did wrong then you dont know TA in a correct way. if you find what you did wrong, then bro for your failed trade that just hit your SL or caused you a margin call, the problem was that you just missed something. but its ok, we are mortal humans, market is not like us, so we have to manage with our mistakes.
  • #718,709
  • Nov 17, 2012 4:57pm Nov 17, 2012 4:57pm
I believe in a maximum way to 1,2670
  • #718,710
  • Nov 17, 2012 5:35pm Nov 17, 2012 5:35pm
Quoting attila
Not really... It's a spinner.. All it means is indecision after a major low was broken and it's still below it.. Could bounce of course but at this moment at least there's nothing on the weekly chart saying reversal. We'll see what next week will look like..
One other thing about the weekly chart... We had a cluster between approximately 2773 and 3100. That cluster resolved south and it broke support. The logical question is, why would it want to go through that again this very moment? Not only that, but once it would go through that it has another one to deal with between 3100 and 3450 to the left there (that also resolved south). So the path of least resistance is down on that chart... It doesn't mean it can't go up 100-200 pips from here though, just because it's the weekly one.
  • #718,711
  • Nov 17, 2012 6:12pm Nov 17, 2012 6:12pm
Quoting attila
Looking at the weekly chart, I still have it going to 2531. Daily wants 2642. We'll see how it goes..
I would not read too much into the last move up as it went on with low liquidity driven by U.S. news.
Agree
New voice message: Why are you calling me? If I need you, I'll call you!
  • #718,712
  • Nov 17, 2012 6:16pm Nov 17, 2012 6:16pm
Quoting attila
Looking at the weekly chart, I still have it going to 2531. Daily wants 2642. We'll see how it goes..
I would not read too much into the last move up as it went on with low liquidity driven by U.S. news.
Quoting attila
One other thing about the weekly chart... We had a cluster between approximately 2773 and 3100. That cluster resolved south and it broke support. The logical question is, why would it want to go through that again this very moment? Not only that, but once it would go through that it has another one to deal with between 3100 and 3450 to the left there (that also resolved south). So the path of least resistance is down on that chart... It doesn't mean it can't go up 100-200 pips from here though, just because it's the weekly one.
to sum up these posts and cut it short: "up or down".
nice analysis.
As Above, So Below
  • #718,713
  • Nov 17, 2012 7:18pm Nov 17, 2012 7:18pm
Quoting Silvaa
I believe in a maximum way to 1,2670
Forum promotion is not allowed on this site. Remove your signature.
Not all sins are created equal
  • #718,714
  • Nov 17, 2012 7:19pm Nov 17, 2012 7:19pm
Quoting tashkent
to sum up these posts and cut it short: "up or down".
nice analysis.
In these parts, its called anal-ysis.
Not all sins are created equal
  • #718,715
  • Nov 17, 2012 7:31pm Nov 17, 2012 7:31pm
Quoting tashkent
to sum up these posts and cut it short: "up or down".
overall...
Attached Image
  • #718,716
  • Nov 17, 2012 7:36pm Nov 17, 2012 7:36pm
Major move brewing in the winds..

Paths of the M/T Elephants..
Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121118-005825 EU elephant paths.png Size: 81 KB
  • #718,717
  • Nov 17, 2012 7:53pm Nov 17, 2012 7:53pm
Quoting tashkent
I agree with you.
There are times indies work, and times when they do not. just like everything else.
price either goes up or down. so every trade has 50/50 possibility. but the reason ppl use indies is to increase the probability of winning trades.
we all need some confirmation, someone or something telling us "yes, do it, do not hesitate, you are right!" that is why we need indies, lines, candlestick formations or patterns. otherwise, they mean nothing. everyone sees what he wants to see or want to believe. looking in the same indicator one...

truth hurts
  • #718,718
  • Nov 17, 2012 8:20pm Nov 17, 2012 8:20pm
Quoting macroman
truth hurts
yes. and it is not for everyone.
As Above, So Below
  • #718,719
  • Nov 17, 2012 8:51pm Nov 17, 2012 8:51pm
Hi everyone, I know it is the weekend but I just had a thought.

Rumours are BOJ will intervene.

A nice chart to keep in the corner of your eye would be the AUD/JPY.
One is the JPY-base, two is the bullish sentiment in nature on the AUD and lastly is the idea of carry trading.
Even the worst trade can close with profit. Just give it time.
  • #718,720
  • Nov 17, 2012 10:21pm Nov 17, 2012 10:21pm
Quoting John Gray
Hi everyone, I know it is the weekend but I just had a thought.

Rumours are BOJ will intervene.

A nice chart to keep in the corner of your eye would be the AUD/JPY.
One is the JPY-base, two is the bullish sentiment in nature on the AUD and lastly is the idea of carry trading.
The BOJ always intervenes. They do that like it's a bodily function. Nothing much new about that
Not all sins are created equal
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