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  • #868,601
  • Edited 11:19pm Jan 7, 2014 11:08pm | Edited 11:19pm
Quoting Chicky
{quote} It penetrated that top yellow line. I am debating if it can be considered a HH. If it makes a HL near 1.3600 and manages to stay above that yellow line, we may not see 1.3xxx in a long time. Fundamentals are one issue against this probability. I am confused because fundamentals and technicals do not agree. One can see all the technicals but not all fundamentals. Decision is ours if we go with fundamentals or technicals. However, a 200 to 300 pip down move based on this chart will still be a business as usual. ps. Note the correction above...
I look a it as HH others may consider no.

Don't trade E/U as often as in 2012, lately E/U is more being dragged left and right by other EUR/X. If most EUR/X crosses are going back to price of 2008/2009 there's no way for E/U to go that low fundamental wise and what not. Exception to policy changes rate cut/hike, easing, FED, ....

Look at G/U because of G/J and G/J still has 61.8% to go to 2008/2009

Personal opinion could be wrong.
  • #868,602
  • Jan 7, 2014 11:17pm Jan 7, 2014 11:17pm
Quoting Ken A
{quote} I look a it as HH others may consider no. Don't trade E/U as often as in 2012, lately E/U is more being dragged left and right by other EUR/X. If most EUR/X crosses are going back to price of 2008/2009 there's no way for E/U to go that low fundamental wise and what not. Exception to policy changes rate cut/hike, easing, FED, .... Personal opinion could be wrong.
Being wrong is part of the game. Never gave a second chance to U/J after 2007/8. That was a mistake, the second mistake was to start trading EU with heavy bets, but don't want to commit a third mistake by going back to U/J.
The Thief of Wall Street
  • #868,603
  • Jan 7, 2014 11:39pm Jan 7, 2014 11:39pm
Quoting Ken A
{quote} Everyone trades differently. Not doing bad from Oct 2012 heavily concentrated on XXX/JPY. Not everyday get a chance to catch trends of few thousand pips. Perhaps once in 5 years cycle.
Missed two, eu from 0.8000 and gold from 705. eu wasn't my fault because online trading was a new thing then, Euro wasn't a paper currency yet still available but not where I lived. But gold, ..............I want to kill myself for that.
The Thief of Wall Street
  • #868,604
  • Jan 7, 2014 11:50pm Jan 7, 2014 11:50pm
Quoting Chicky
{quote} Missed two, eu from 0.8000 and gold from 705. eu wasn't my fault because online trading was a new thing then, Euro wasn't a paper currency yet still available but not where I lived. But gold, ..............I want to kill myself for that.
sammmmmmmmme had a buddy tell me to buy it and get rich around that price.... think he put everything he had on gold :l
  • #868,605
  • Jan 7, 2014 11:59pm Jan 7, 2014 11:59pm
Quoting falsify
{quote} sammmmmmmmme had a buddy tell me to buy it and get rich around that price.... think he put everything he had on gold :l
A couple of years ago, one of my colleagues asked which stocks to by with $150,000 (her husband is a full time trader). I suggested gold when it was at 1,300. After few months, she sold it near $1,900 and bought a million dollar condo at New Jersey Water Front. ..................I still trade euro with few thousand bucks.
The Thief of Wall Street
  • #868,606
  • Jan 8, 2014 12:02am Jan 8, 2014 12:02am
Quoting Chicky
{quote} A couple of years ago, one of my colleagues asked which stocks to by with $150,000 (her husband is a full time trader). I suggested gold when it was at 1,300. After few months, she sold it near $1,900 and bought a million dollar condo at New Jersey Water Front. ..................I still trade euro with few thousand bucks.
wow that's pretty low.. they could have gave you a chunk.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,607
  • Jan 8, 2014 12:03am Jan 8, 2014 12:03am
One can go short on EURUSD for intraday trading on a spike upto 1.3650-55 for a target of 1.3570-75.
  • #868,608
  • Jan 8, 2014 12:04am Jan 8, 2014 12:04am
Quoting Chicky
{quote} A couple of years ago, one of my colleagues asked which stocks to by with $150,000 (her husband is a full time trader). I suggested gold when it was at 1,300. After few months, she sold it near $1,900 and bought a million dollar condo at New Jersey Water Front. ..................I still trade euro with few thousand bucks.
I told everyone I know that gold would explode and there would be a 2nd depression like the one in 1929. I think it was in 2005 and nobody listened to me and in fact most laughed in my face.. now none of them are laughing and many lost everything they own.

*I applied at goldman sachs but they haven't contacted me lol. i'm a hs dropout!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,609
  • Jan 8, 2014 12:06am Jan 8, 2014 12:06am
Quoting england33
{quote} wow that's pretty low.. they could have gave you a chunk.
They did .................. breakfast at Dunkin Donuts.
The Thief of Wall Street
  • #868,610
  • Jan 8, 2014 12:08am Jan 8, 2014 12:08am
hope u picked your donut out aswell as u picked there etf
  • #868,611
  • Jan 8, 2014 12:11am Jan 8, 2014 12:11am
Quoting Mr Hatch
{quote} {quote} {image}

Inverse psychology?

You back?

Fragen über Fragen...
Fail better.
  • #868,612
  • Jan 8, 2014 12:14am Jan 8, 2014 12:14am
Quoting england33
{quote} I told everyone I know that gold would explode and there would be a 2nd depression like the one in 1929. I think it was in 2005 and nobody listened to me and in fact most laughed in my face.. now none of them are laughing and many lost everything they own. *I applied at goldman sachs but they haven't contacted me lol. i'm a hs dropout!
Start small, gradually built your equity, keep on absorbing blows but moving forward inch by inch ................. you will be where you want to be in just five years. Just keep on moving no matter how small. Two steps forward, one step back, three steps forward, two steps back and don't look at the watch before five years.
The Thief of Wall Street
  • #868,613
  • Jan 8, 2014 12:18am Jan 8, 2014 12:18am
Quoting Chicky
{quote} They did .................. breakfast at Dunkin Donuts.
that's terrible.. terrible friends. so sorry that brought a tear to my eye.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,614
  • Jan 8, 2014 12:18am Jan 8, 2014 12:18am
Hi guys
Froze my ass coming home from work on a bicycle.I had a big icicle form on my eye.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #868,615
  • Jan 8, 2014 12:22am Jan 8, 2014 12:22am
Quoting LarryDarrell
{quote} Inverse psychology? You back? Fragen über Fragen...
More like a flagpole up the butt.

Me back, yes.
  • #868,616
  • Jan 8, 2014 12:26am Jan 8, 2014 12:26am
Quoting LarryDarrell
{quote} Inverse psychology? You back? Fragen über Fragen...
"Girte hain shehsawaar hi maidan-e-jung mein,

Wo tifl kya girenge jo ghutno ke bal chalain"

(Only riders fall in a battle ground,
and not the kids who crawl on their knees).

Let's see if she says the same soon after reporting for duty.
The Thief of Wall Street
  • #868,617
  • Jan 8, 2014 12:27am Jan 8, 2014 12:27am
Quoting Chicky
I suggested gold when it was at 1,300. .......I still trade euro with few thousand bucks.
As soon as you tell someone that you are trading, you are asked about investment/trading ideas. One of my resolutions is never to tell anyone anything that I don't have a similar position in.
Best don't tell them anything, as risk/money management and targets wildly differ. As a former colleague told me: I cannot gain if you follow my advice: if you win, only you win, if you lose, you'll blame me and I lose a friend.
Fail better.
  • #868,618
  • Jan 8, 2014 12:30am Jan 8, 2014 12:30am
Quoting Mr Hatch
Me back, yes.
Good to hear! My EUR/CHF is still running (part), but the rest (EA, USDCHF) got stopped out over the yearend = f%%%ers. Otherwise: sideline till tomorrow afternoon, after that we might get a clue about general direction...
Fail better.
  • #868,619
  • Jan 8, 2014 12:31am Jan 8, 2014 12:31am
Quoting LarryDarrell
{quote} As soon as you tell someone that you are trading, you are asked about investment/trading ideas. One of my resolutions is never to tell anyone anything that I don't have a similar position in. Best don't tell them anything, as risk/money management and targets wildly differ. As a former colleague told me: I cannot gain if you follow my advice: if you win, only you win, if you lose, you'll blame me and I lose a friend.
I wouldn't tell anyone for free.. I know how people are.. write up a contract or forget it. or i control the money or no deal!

oh and it's got to be notarized legal contract!
No exceptions!

i do all the work your money or not I'm getting 50% of profit after taxes or no deal!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #868,620
  • Jan 8, 2014 12:32am Jan 8, 2014 12:32am
Quoting LarryDarrell
{quote} As soon as you tell someone that you are trading, you are asked about investment/trading ideas. One of my resolutions is never to tell anyone anything that I don't have a similar position in. Best don't tell them anything, as risk/money management and targets wildly differ. As a former colleague told me: I cannot gain if you follow my advice: if you win, only you win, if you lose, you'll blame me and I lose a friend.
Very wise. Never thought that way. Thanks.
The Thief of Wall Street
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