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  • #765,701
  • Feb 28, 2013 11:39am Feb 28, 2013 11:39am
Quoting Bocephus
Based on 4h candle close I think we see a turn up here
My 4h chart is why i said this
  • #765,702
  • Feb 28, 2013 11:44am Feb 28, 2013 11:44am
Quoting Goldflake
Closed EU long trade.
Closed this trade in early london.

Quoting Goldflake
Watch 3065.
When Scalpers win, I lose and Vice varsa...
  • #765,703
  • Feb 28, 2013 11:45am Feb 28, 2013 11:45am
Quoting Kramerica
Indeed. I've been thinking the past 2 days at what has been driving this market. It's basically when BB reinforced his commitment to liquidity. So, we are back where we were before all of this discussing how earnings cannot seen seen as fuel for higher prices.. All I see is risk.. and yet the risk off move is hiding in the closet from this one..

Great analogy..
with soo much liquidity slushing around it has to go somewhere to get yield and bankers want bonuses. they dont care its not their money. money managers/hedge funds have to put clients money to work. short sellers have gotten their asses handed to them everytime they attempt to go in. the short interest in the market is either at or below 2007 levels. i mean for gods sake we had negative gdp in the 4th qtr !! the market didnt give a shit !!! europes in a full blown depression, japan's a ticking debt time bomb and cant export anymore, china's inflated their money supply 3X more than we have over the last 4 years (BUBBLE) and are dependant on eu and usa to buy goods. the middle is east is well the middle east. on top of all that the us government debt is too a point were they cant keep these trillion + deficits going on. i honestly think we will see a 2008 + crash this year. if greece, or spain or italy leave the euro all hell will break lose and 2008 will like a practice game. if lehman brothers caused the financial system to freeze imagine when a whole country says that all euro debts are null and void.
  • #765,704
  • Feb 28, 2013 11:48am Feb 28, 2013 11:48am
Quoting Bocephus
You can see on my 4h chart that the down arrows are where PA looks to be going but the last 4h close sat on a bottom if it breaks that bottom we will most likely see 3025
Thanks Bo, as a newby I've been exceptionally good at loosing trades. You just opened my eyes on using candles. And I see it works on all time frames. Keep hearing about what the candles say but didn't have a clue.
  • #765,705
  • Feb 28, 2013 11:49am Feb 28, 2013 11:49am
Quoting Goldflake
My humble advice to those who are long: Just look at how pound crashed in recent weeks. This pattern is looking similar.

Posted at 8:42 GMT today. We may see the outcome by 2nd week of March.
When Scalpers win, I lose and Vice varsa...
  • #765,706
  • Feb 28, 2013 11:50am Feb 28, 2013 11:50am
es eyeing 1530 level again
  • #765,707
  • Feb 28, 2013 11:50am Feb 28, 2013 11:50am
Quoting spartanforex
with soo much liquidity slushing around it has to go somewhere to get yield and bankers want bonuses. they dont care its not their money. money managers/hedge funds have to put clients money to work. short sellers have gotten their asses handed to them everytime they attempt to go in. the short interest in the market is either at or below 2007 levels. i mean for gods sake we had negative gdp in the 4th qtr !! the market didnt give a shit !!! europes in a full blown depression, japan's a ticking debt time bomb and cant export anymore, china's inflated...
Absolutely.. I have long term positions that reflect that view precisely..

I still day trade on Techs too.. But I just thought a good opportunity existed this week of a sharp move down.. LOL.. me and everyone else right? I still think we could get the risk off move at any moment..

Aren't they due to scare us with a sharp drop so we beg them for more debt?
  • #765,708
  • Feb 28, 2013 11:51am Feb 28, 2013 11:51am
Quoting used
Thanks Bo, as a newby I've been exceptionally good at loosing trades. You just opened my eyes on using candles. And I see it works on all time frames. Keep hearing about what the candles say but didn't have a clue.
no problem my friend
  • #765,709
  • Feb 28, 2013 11:52am Feb 28, 2013 11:52am
Quoting Goldflake
I don't have any reason to explain it. All i said based on EG probability and we'll see the outcome soon.
Yep. Pound is stronger than Euro today.
When Scalpers win, I lose and Vice varsa...
  • #765,710
  • Edited Mar 1, 2013 10:05am Feb 28, 2013 11:53am | Edited Mar 1, 2013 10:05am
...
  • #765,711
  • Feb 28, 2013 11:55am Feb 28, 2013 11:55am
Quoting gatorinla
if not for the boj.. i would be out on a limb saying we are at the top of a new/(old resuming) down trend here. not just a pullback.. with a sub 1876 target. but with boj.. i cant.. it has to develop in the other ways..
pos
those who can, do. those who cant, talk about those who can
  • #765,712
  • Feb 28, 2013 12:00pm Feb 28, 2013 12:00pm
Quoting Kramerica
Absolutely.. I have long term positions that reflect that view precisely..

I still day trade on Techs too.. But I just thought a good opportunity existed this week of a sharp move down.. LOL.. me and everyone else right? I still think we could get the risk off move at any moment..

Aren't they due to scare us with a sharp drop so we beg them for more debt?
i've been wondering what the hell it will take to get 3 days in a row of declines meaningfull 10 point or more , probably an asteroid or something lol

i dont think they need to scare us with a drop anymore. they got QE infinity running and then the government will just punt, pass or kick any spending cuts lol. i think the markets have to get to point that even the guys with all the QE money either get scared and say i wanna book some profits and then we'll get the dip buyers until the fear is great enough that everyone goes to exit and an avalanche of selling occurs. or the market gets so out of touch with reality that they dont wanna buy anymore.
  • #765,713
  • Feb 28, 2013 12:03pm Feb 28, 2013 12:03pm
Quoting gatorinla
pos
I'm still seeing that sub 1876 level is coming probably this year. the market takes the stairs going up but the elevator going down


i think when the market turns bearish the euro will drop 3500 pips from top to bottom. maybe 141 to 106
  • #765,714
  • Feb 28, 2013 12:07pm Feb 28, 2013 12:07pm
Quoting spartanforex
i've been wondering what the hell it will take to get 3 days in a row of declines meaningfull 10 point or more , probably an asteroid or something lol

i dont think they need to scare us with a drop anymore. they got QE infinity running and then the government will just punt, pass or kick any spending cuts lol. i think the markets have to get to point that even the guys with all the QE money either get scared and say i wanna book some profits and then we'll get the dip buyers until the fear is great enough that everyone goes to exit and an avalanche...
Roger that.

Well.. EU and EJ both look like they could have potentially put in a top.. DOW at all time highs.. with no opportunity to increase earnings with this labor market.. Whatever.. Everyone is so drunk on bennybucks they are stumbling over each other to buy risk... LOL yeah.. this will end well.. .
  • #765,715
  • Feb 28, 2013 12:13pm Feb 28, 2013 12:13pm
Break of 4h could be huge drop
  • #765,716
  • Feb 28, 2013 12:29pm Feb 28, 2013 12:29pm
Quoting Bocephus
Break of 4h could be huge drop
So looking at 4h~ the last closed about midway with long tail. Would this indicate a good chance of bull candle forming now ?
  • #765,717
  • Feb 28, 2013 12:33pm Feb 28, 2013 12:33pm
Too good an opportunity to pass up.

Short EU and Dow. Target multiday, multiple trades.
  • #765,718
  • Feb 28, 2013 12:35pm Feb 28, 2013 12:35pm
Why the second week of March?

Quoting Goldflake
Posted at 8:42 GMT today. We may see the outcome by 2nd week of March.
  • #765,719
  • Feb 28, 2013 12:41pm Feb 28, 2013 12:41pm
Quoting used
So looking at 4h~ the last closed about midway with long tail. Would this indicate a good chance of bull candle forming now ?
It wasnt the tail that was important, it was how PA sat right on the bottom
  • #765,720
  • Feb 28, 2013 12:42pm Feb 28, 2013 12:42pm
looks like a nice top on monthly?
i will not buy this shit.. but sell all tops on lower tfs - lets see...
failure is not an option.
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