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05-20-2009, 08:55 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by meonia
And, of course it could just keep going higher and higher. I wouldn't gamble to the downside in this buying frenzy. The printing presses are probably going full-tilt too at the fed...  |
AS i said, above 3733-40 , nothinig solid then mid 39's/....
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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05-20-2009, 08:57 AM
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Join Date: Jun 2008
Posts: 721
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Quote:
Originally Posted by abro
lol i went long at 13680 and now where it is .
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Yeah, next resistance to be taken out is 1.3800, but that could prove a tad tougher, for today at least. |
05-20-2009, 08:58 AM
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Senior Member
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Join Date: Oct 2007
Posts: 728
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This is a Fraud!
I mean, this is not carry trade. Carry Trade specialists are in Japan but Yen is getting STRONGER. Therefore, this "rally" is a fake! It will crash!
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05-20-2009, 09:00 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by meonia
Yeah, next resistance to be taken out is 1.3800, but that could prove a tad tougher, for today at least.
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agreed, and the real tough one form here onwards would be 3840 mark and that should be it for this bull for today atleast....
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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05-20-2009, 09:00 AM
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Member
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by meonia
Yeah, next resistance to be taken out is 1.3800, but that could prove a tad tougher, for today at least.
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look according to me it broke hourly resistance at 13680 . so i went long and it had to move a little higher to proove a break out . i am looking forward to exit this trade on consolidation . ok i exited with more thn a hundred pip profit . c u all tommorrow
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
Last edited by abro; 05-20-2009 at 09:03 AM..
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05-20-2009, 09:01 AM
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Join Date: Jun 2008
Posts: 721
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Quote:
Originally Posted by stryker
AS i said, above 3733-40 , nothinig solid then mid 39's/....
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As I remarked I think on Friday, had a feeling we were seeing a correction before a considerable move higher. So, in my opinion this is another 12 cent move from 1.3430 underway. 1.4670 is my initial target, if it gets there... Still too early to tell, since we're only 3 cents into the inferred move. |
05-20-2009, 09:02 AM
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Technical Trader
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Join Date: Apr 2004
Posts: 1,942
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Quote:
Originally Posted by meonia
As I remarked I think on Friday, had a feeling we were seeing a correction before a considerable move higher. So, in my opinion this is another 12 cent move from 1.3430 underway. 1.4670 is my initial target, if it gets there... Still too early to tell, since we're only 3 cents into the inferred move.
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all them cents form a dollar, a mighty big pay off...............LOL...
good seeing you back on the forum...
__________________
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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05-20-2009, 09:04 AM
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Member
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Join Date: Jun 2008
Posts: 721
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Quote:
Originally Posted by DollarBull
I mean, this is not carry trade. Carry Trade specialists are in Japan but Yen is getting STRONGER. Therefore, this "rally" is a fake! It will crash!
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Remember, there's a lot of fiscal stimulus going on. The $ has to devalue with the amount of "Quantative Easing"... |
05-20-2009, 09:04 AM
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Join Date: Mar 2009
Posts: 384
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But honestly. Just to be clear about something.
The FED can lower it's interest rate to 0.
The MINT can print as much as they want.
BUT ....
As there is no velocity in money then what?
Even if the dollars are ready to be picked up, as nobody dares to make loans and so on those printed dollars will be destroyed at some point. Or am I missing something here? I've seen more EUROS than Dollars so far in real life.
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05-20-2009, 09:06 AM
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Member
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by DollarBull
I mean, this is not carry trade. Carry Trade specialists are in Japan but Yen is getting STRONGER. Therefore, this "rally" is a fake! It will crash!
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haaha . dollar bull u wont giv up . i told u to go long at 1.3590 at double bottom remember ?
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
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05-20-2009, 09:12 AM
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Member
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Join Date: Mar 2008
Posts: 844
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Quote:
Originally Posted by hutrader
But honestly. Just to be clear about something.
The FED can lower it's interest rate to 0.
The MINT can print as much as they want.
BUT ....
As there is no velocity in money then what?
Even if the dollars are ready to be picked up, as nobody dares to make loans and so on those printed dollars will be destroyed at some point. Or am I missing something here? I've seen more EUROS than Dollars so far in real life.
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You aren't missing anything. You have nailed it. When the roulette wheel stops, the stock market crahes. |
05-20-2009, 09:13 AM
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Senior Member
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Join Date: Oct 2007
Posts: 728
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Quote:
Originally Posted by abro
haaha . dollar bull u wont giv up . i told u to go long at 1.3590 at double bottom remember ?
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uh? I thought you closed your long after that... hmm..
Ok, here is a deal. I will put $1 in an account. I will trade your tips. If you can make it $1M, I will give you half of it. If you lose all $1, you should give up and admit your method doesn't work ! Fair game! |
05-20-2009, 09:20 AM
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Member
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by DollarBull
uh? I thought you closed your long after that... hmm..
Ok, here is a deal. I will put $1 in an account. I will trade your tips. If you can make it $1M, I will give you half of it. If you lose all $1, you should give up and admit your method doesn't work ! Fair game! |
yes i exited my long at 13640 then shorted at 13670 stoped at 13680 then went long at 13680 limited 13780 . fair enough . and i still havent mastered scalping that just makes me trade bad . but still i will try to learn but i guess i will eventually giv up on scalping ! .
and yeah my method works . look i took the risk to go long at 13680 what a great confidencce lol
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
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05-20-2009, 09:30 AM
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Member
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Join Date: May 2009
Posts: 105
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Quote:
Originally Posted by DollarBull
uh? I thought you closed your long after that... hmm..
Ok, here is a deal. I will put $1 in an account. I will trade your tips. If you can make it $1M, I will give you half of it. If you lose all $1, you should give up and admit your method doesn't work ! Fair game! |
Let's make it more fun. I'll throw in $1000!
Fred |
05-20-2009, 09:34 AM
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Member
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by F F
Let's make it more fun. I'll throw in $1000!
Fred
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ok then subscribe to my signals . deal is half profit will be mine . if any lossed occurred . u people will be responsiible ! deal agreed ? lol
__________________
IGNORANCE, OVER CONFIDENCE, GREED AND FEAR ARE THE KEY FACTORS TO POOR TRADING !
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