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  • #918,781
  • Edited 12:16pm Aug 22, 2014 12:11pm | Edited 12:16pm
Evening all - not really frequented this thread much, but thought I'd state my plan. I'm in long from 1.3222, will keep scaling in as far down as 1.31 - TP is somewhere in the 1.455 region.

Good luck all.

PS - Oops - forgot I enter a cheeky little one a 1.3274, so technically in from there.
  • #918,782
  • Aug 22, 2014 12:12pm Aug 22, 2014 12:12pm
Quoting KiwiTrada
{quote} nope, I didnt ask about usage or conversion blah blah, I just asked where did the oil come from? 5 tiny seeds when grown produce 2 litres of oil, that can be put straight into a diesel engine, where does it come from????????????
If you want a serious answer, look up Fatty acid synthesis. The process is well understood.
  • #918,783
  • Aug 22, 2014 12:12pm Aug 22, 2014 12:12pm
Quoting gatorinla
{quote} you can't make this shit up. the first diesel engines ran on biofuels. spill some on the ground and the grass will grow. you can cook with it and put it in the tank.. its just we dont have the Rockefellers supporting it. during ww2 bioplastics were used from peanut oil.. tires ect had them..
Absolutely. I was agreeing with you 100%. Most folks don't know this. When driving OTR I always kept a couple gallons of Wesson cooking oil in the truck. When up on the north ridge in winter, the diesel fuel could thicken (gel) and often made for hard or impossible starts. We'd use that cooking oil to prime the injector pump and fill the fuel filter bowl to start her up. She'd run like a top on that pure vegetable oil like nothing was different at all.

We would also add it to the tanks instead of very expensive fuel additives to keep the fuel from gelling and also clean the injectors. Truck stops were all too happy to give us as much used cooking oil as we wanted. A couple buckets, a couple coffee filters and wala! Free additive.
Ghost Rider - WWTBMD?
  • #918,784
  • Aug 22, 2014 12:14pm Aug 22, 2014 12:14pm
Quoting gatorinla
{quote} textbook.. the low to the high today has a 3384 mid... the center of 3325/3442 at 3383.5...small world,, watch how the dailys come back after close
I'm more than happy, if the week closes below 3272.3.

P.S.: Vedo un vecchio amico e ridere. Tante auguri
  • #918,785
  • Aug 22, 2014 12:17pm Aug 22, 2014 12:17pm
Hello Everyone;

Draghi isn't actually giving any ECB press conference today am I right?

Why is everyone waiting for his speech, you guys think he may leech any info?

Best regards,
B.
Trade. Learn. Adjust.
  • #918,786
  • Aug 22, 2014 12:19pm Aug 22, 2014 12:19pm
Quoting MrBach
Hello Everyone; Draghi isn't actually giving any ECB press conference today am I right? Why is everyone waiting for his speech, you guys think he may leech any info? Best regards, B.
Draghi is always marked red, even though he won't say anything new today.
Everyone can see the chart, but only a few can actually read it.
  • #918,787
  • Aug 22, 2014 12:23pm Aug 22, 2014 12:23pm
Quoting NoCoolNick
Well for all the pattern traders, a perfect ABCD pattern is done 9 pips short or so.. EDIT: Ok long term on this, long 3228, SL 3205 TP 3510. Will add as we go.
There is no doubt that it needs Draghi to take off, if he don't make it move north, then we (bulls) could be in trouble.

It was not a pretty 4H close, it could have been worse but was not pretty. The daily candle is left to make a mark on the charts. End high and we are good to go, but that will once again give us a questionable candle on weekly unless Mr D can push this some 150 pips. Daily also need a high close if confirming the bullish divergence, but could still be in place monday. the only thing sinking that thought is we end at the lows today. Weekly has a weak bullish divergence, this was also weak/unclear at the top. If we get a up reaction, then we also have a bullish divergence on 4H.

Bear view... without a push up it still looks a bit weak and then we could very much go 200 pips lower.. will have to wait with a analysis until after todays close..

I'm holding heavy longs on this view. But good R:R makes it worth it even though i usually don't care about that. If no push north i could end up closing it if not SL hit first.

Good luck, will close down after mr D
I don't even have a cool signature
  • #918,788
  • Aug 22, 2014 12:25pm Aug 22, 2014 12:25pm
Quoting OnlineAddict
{quote} Draghi is always marked red, even though he won't say anything new today.
Poor guy, lol.
Thanks OA
Trade. Learn. Adjust.
  • #918,789
  • Aug 22, 2014 12:26pm Aug 22, 2014 12:26pm
Quoting Mr. Scott
{quote} Very good Gator. And who killed the bioplastics industry?
politicians supported by.....................,,, sea water is free,, not much profit in it.. i can put a windmill in the sea. make electricity with it.. separate the sea water with just dc electricity. my byproducts is nothing except whatever waste was used to making the windmill/pipeline.. i would need no shipped in oil. i can make ac electricity for the grid at peak times. and separate the hydrogen from the oxygen both fuels. another byproduct many use is fresh water.. since its seawater the salt process makes CL chlorine is another byproduct to add to the fresh water produced.. several world problems solved with just separating what is abundantly cheap. energy (motor fuel or electricity) clean fresh water, with little/no carbon .. The Cl process can be stopped with just dirty water w/o salt.. but that stops the desalination process, many countries need.
those who can, do. those who cant, talk about those who can
  • #918,790
  • Aug 22, 2014 12:30pm Aug 22, 2014 12:30pm
Quoting MrBach
Hello Everyone; Draghi isn't actually giving any ECB press conference today am I right? Why is everyone waiting for his speech, you guys think he may leech any info? Best regards, B.
doesn't need any words...a grimace and the Euro crash. hope he will smile.
f(z)=z2+c
  • #918,791
  • Aug 22, 2014 12:38pm Aug 22, 2014 12:38pm
Quoting Mr Hatch
{quote} I'm more than happy, if the week closes below 3272.3. P.S.: Vedo un vecchio amico e ridere. Tante auguri
my problem here
Attached Image
those who can, do. those who cant, talk about those who can
  • #918,792
  • Aug 22, 2014 12:42pm Aug 22, 2014 12:42pm
Quoting gatorinla
{quote} my problem here {image}
another view
Attached Image
those who can, do. those who cant, talk about those who can
  • #918,793
  • Aug 22, 2014 12:59pm Aug 22, 2014 12:59pm
Quoting gatorinla
{quote} my problem here {image}
i see that problem too on my charts. still we will only know when the day closes as it could still close below 3227. the 1h had a target at 1.32384 and we are floating around it with wicks only above it. that same 1h as 3227 as a mofu limit too... so 27 will tell whats next. on the short side 49/54 will try to keep us below and extend to 3045.

my problem is: it can go both ways here. and i am short...
dreams do come true.
  • #918,794
  • Aug 22, 2014 1:02pm Aug 22, 2014 1:02pm
Hmmm...3242. Yesterday's Support is Today's resistance. Bulls, Watch out.
  • #918,795
  • Aug 22, 2014 1:05pm Aug 22, 2014 1:05pm
Expecting a retracement soon on a C wave to the area of 1.3400.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #918,796
  • Aug 22, 2014 1:11pm Aug 22, 2014 1:11pm
Quoting Citiboy
{quote} Longs from 1.3235, SL 1.3220, target 1.3500

cutting back risk here, dont have much room on the downside in case of BS stop run on the speech. will add back position if it moves higher above 1.3250
Twitter: @TrendersGame
  • #918,797
  • Aug 22, 2014 1:32pm Aug 22, 2014 1:32pm
good from good evening, was enough to spike down first .....
Don't be a hero. Don't have an ego. Always question yourself
  • #918,798
  • Aug 22, 2014 1:34pm Aug 22, 2014 1:34pm
yeah keep doing this.. and stay above 3250, else... bears can still win..

Not really impressed with a 30 pip span, and bull already slacking off.. will give it 20 min if not heading north then i think i will surrender.. and become bear again.

EDIT: how about a reversed Yellen effect
I don't even have a cool signature
  • #918,799
  • Aug 22, 2014 1:39pm Aug 22, 2014 1:39pm
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Neural Network Algorithm and Econophysics
  • #918,800
  • Aug 22, 2014 1:40pm Aug 22, 2014 1:40pm
got back in longs 1.3249. sl 1.3230
Twitter: @TrendersGame
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