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  • #925,541
  • Sep 22, 2014 8:54am Sep 22, 2014 8:54am
On lower time frames (and on higher either imo) it's usual to strech (artificially) the market/move more than comfortable to force traders into the 'ultimate' direction. When most counter-traders changed sentiment already (to this streched move), than happenes the change in direction. Than the adaptive ones (few) can change fast and make profit, while the other side will stick to the forced direction. Than this new direction last more than than most would think, and this is why the most of adaptive ones start change sentiment back to the original direction (too early), while the sticked ones (who react always late) will change sentiment, when it's late again.
The keywords are 'early' and 'late' imo.
True for both bulls & bears right now.
f(z)=z2+c
  • #925,542
  • Sep 22, 2014 8:56am Sep 22, 2014 8:56am
Quoting hathor
On lower time frames it's usual to strech (artificially) the market/move more than comfortable to force traders into the 'ultimate' direction. When most counter-traders changed sentiment already, than happenes the change in direction. Than the adaptive ones (few) can change fast and make profit, while the other side will stick to the forced direction. Than this new direction last more than than most would think, and this is why the most of adaptive ones start change sentiment back to the original direction (too early), while the sticked ones (who...
Watch out the cup & handle formation on the hourly chart, it usually works when a trend is at/close to the bottom.
  • #925,543
  • Sep 22, 2014 9:01am Sep 22, 2014 9:01am
Quoting gatorinla
{quote} i got a trading room. for me its a waste of space. lately i take a laptop all over the house or the u.s. to trade.
Just a laptop to trade with while im at work, and a laptop with another monitor at home. (I have a work laptop and a home laptop)

and my phone to monitor on the go- hardly place trades with it.

I couldnt imagine really needing anything else to make money.

The only time I'd need even more screens would be if I was too lazy to click between charts for different pairs.
  • #925,544
  • Sep 22, 2014 9:06am Sep 22, 2014 9:06am
When will Draghi ends his tale?
f(z)=z2+c
  • #925,545
  • Sep 22, 2014 9:16am Sep 22, 2014 9:16am
another scamclan bites the dust.. take notice on birds who flock together.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 134 KB
those who can, do. those who cant, talk about those who can
  • #925,546
  • Sep 22, 2014 9:20am Sep 22, 2014 9:20am
Quoting P.technique
{quote} Watch out the cup & handle formation on the hourly chart, it usually works when a trend is at/close to the bottom.
Once/if 1.2866 is taken, formation will be complete and it can easily reach above 1.2900s. Ideally 1.2960s.
  • #925,547
  • Sep 22, 2014 9:25am Sep 22, 2014 9:25am
a little tick setup to test 2811 may be in the future.. a ll and it may come back to 2845 once more before
those who can, do. those who cant, talk about those who can
  • #925,548
  • Sep 22, 2014 9:30am Sep 22, 2014 9:30am
And the never ending story is really a never ending story? New low.
f(z)=z2+c
  • #925,549
  • Sep 22, 2014 9:32am Sep 22, 2014 9:32am
shorts are still winning
  • #925,550
  • Sep 22, 2014 9:33am Sep 22, 2014 9:33am
Quoting gatorinla
a little tick setup to test 2811 may be in the future.. a ll and it may come back to 2845 once more before
it may go to 2845 again before 2811
those who can, do. those who cant, talk about those who can
  • #925,551
  • Sep 22, 2014 9:36am Sep 22, 2014 9:36am
Quoting MaxDoom
shorts are still winning
shorts are still ALWAYS winning
f(z)=z2+c
  • #925,552
  • Sep 22, 2014 9:42am Sep 22, 2014 9:42am
from 3992 to 2743,,, 2821 is the 15/16 mark... in the 4076 way of thinking, 2743 needs breaking to discourage deep pocket bulls. with 80 pip stops
those who can, do. those who cant, talk about those who can
  • #925,553
  • Sep 22, 2014 9:44am Sep 22, 2014 9:44am
We might spike above 2900 from these low 28xx levels. Not today, don't get your hopes up.
Everyone can see the chart, but only a few can actually read it.
  • #925,554
  • Sep 22, 2014 9:51am Sep 22, 2014 9:51am
Quoting hathor
{quote} shorts are still ALWAYS winning
Super Mario is a money machine.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #925,555
  • Sep 22, 2014 9:52am Sep 22, 2014 9:52am
Quoting OnlineAddict
We might spike above 2900 from these low 28xx levels. Not today, don't get your hopes up.
dono.. i said my piece on 2845 bounce and 2811 or 2809. right or wrong. 2802 etc... in a perfect plan a drop from 2845/67 w/o a hh.. then a drop to 2811. then a bounce to 2914 better yet after. would be fine with me
those who can, do. those who cant, talk about those who can
  • #925,556
  • Sep 22, 2014 9:54am Sep 22, 2014 9:54am
Quoting gatorinla
{quote} dono.. i said my piece on 2845 bounce and 2811 or 2809. right or wrong. 2802 etc... in a perfect plan a drop from 2845/67 w/o a hh.. then a bounce after 2811. would be fine with me
I don't mind waiting for 2811...not long yet...will probably wait for asians, if they break the bottom, then I would go long. Or if we get 2810+- today...lets see.
Everyone can see the chart, but only a few can actually read it.
  • #925,557
  • Sep 22, 2014 9:58am Sep 22, 2014 9:58am
Quoting Lacunoide
{quote} Super Mario is a money machine.
I would feel very 'stupid' after 6 months selling in a row, but also richer, than now.
I mean maybe I would have gone mad, thinking I am a genius...while all I did is believe what Mario said. Believe to a politician.
f(z)=z2+c
  • #925,558
  • Sep 22, 2014 10:01am Sep 22, 2014 10:01am
Well no double bottom, thats for sure.
  • #925,559
  • Sep 22, 2014 10:04am Sep 22, 2014 10:04am
Quoting hathor
{quote} I would feel very 'stupid' after 6 months selling in a row, but also richer, than now. I mean maybe I would have gone mad, thinking I am a genius...while all I did is believe what Mario said. Believe to a politician.

Well, according to Goldman Sachs, there is still a long road ahead...

Attached Image (click to enlarge)
Click to Enlarge Name: Goldman-Sachs-expects-the-EURUSD-to-fall-to-parity-22-September-2014-650x433.png Size: 124 KB



From Goldman Sachs’ weekly “Kickstart”:

  1. Expect a continuing strengthening US dollar
  2. We expect the downward gravitational pull on the EURUSD will persist for the next several years until it trades at parity versus the dollar by year-end 2017. From a spot of 1.29, our economists forecast the euro will depreciate by 7% vs. the dollar during the next year (to 1.20) and fall by 22% to parity by 2017

​

Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #925,560
  • Sep 22, 2014 10:06am Sep 22, 2014 10:06am
Quoting Lacunoide
{quote} Well, according to Goldman Sachs, there is still a long road ahead...
You mean Goldman Sucks.

But 1.21 is definitely in the charts...won't be a job for a month, though.
Everyone can see the chart, but only a few can actually read it.
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