|
|
 |
|
08-08-2008, 07:12 AM
|
 |
Member
|
|
Join Date: Jun 2008
Posts: 60
|
|
Quote:
Originally Posted by ikar
this might be interesting...mister Dolan is signed under that article:
...Technically, the 1.5270 level represents the neckline of a 'double top' chart formation. A break below that level would validate the formation and target a 'measured move' objective of approximately -750 pips lower (the distance between the neckline (1.5270) and the double tops (avg. 1.6030) measured from the neckline...
|
looks like mr dolan was right when he talk yesterday about death spiral.. |
08-08-2008, 07:19 AM
|
 |
Member
|
|
Join Date: Jul 2008
Posts: 201
|
|
Quote:
Originally Posted by Petrus
I am afraid to take a nap. It's 4:50a here in the Rockies
Anyone else out there just letting their account ride this out? If so, for how long?
I would just love 1 hour of sleep, but I am afraid of some unforeseen reversal.
it's at 5112 now -- just got near 5105.
Anyone with an educated guess out there? I really don't want to screw up my exit.
|
Hi,
According to 30 min cci, the pattern of inverted mit ghost just formed, meaning the price should reverse. Provided that the price dont go below 1.51 (very important), the pattern should hold and may head back towards 1.5160-200. Good luck.
|
08-08-2008, 07:29 AM
|
 |
Member
|
|
Join Date: Mar 2008
Posts: 1,492
|
|
|
Lessons?
Quote:
Originally Posted by Jayson Wonder
Hi All,
Was just reading a few comments posted today about looses and mistakes made recently etc.
I just want to say that I have been trading a mini account off and on for a year. Initially I made many mistakes and had my first account wiped out. Took the loss and tried to learn from my mistakes and improve my trading.
About 3 months ago I started tradign my account full time again. I tried to rember lessons learnt and stick to my plan. Things were going amazingly well. In fact I now realize I may have become very over confident. Essentially I had about a 96% wining trade count and grew my account by about 4500%
This last week I lost all of my focus, I ignored the obvious trend change and let my emotions get the best of me. I allowed hope to take over and did not implement sufficient stop loss protection. And after my initial bit margin call I mad 3 bad trades trying to chase with the hopes of getting back what I had lost.
After this recent slide in the EUR, I am essentially starting over. What I am struggling with now is the emotional pain and trying to come to terms with the massive loss in profits. I had big plans for my massive gains and to now adapt to this loss is very hard for me. I feel devastated.
What I am trying to tell myself now is that I can do it again. I can learn from this and bounce back. If I am committed to being a trader I must not give up and find the strength to do better.
For all who have lost, I feel your pain. You are not alone. Let's not give up, lets learn from our mistakes and bounce back!
|
Hi Jayson, just like many others here I can totally relate to what you're saying...BUT....let this experience become a turning point in becoming one of the 5% of traders who actually make money on a regular basis.
Anyone here, do you know which of the analysts have predicted what we've seen in the last 24 hours? It would be interesting to know.
|
08-08-2008, 07:41 AM
|
|
Member
|
|
Join Date: Jun 2006
Posts: 207
|
|
Quote:
Originally Posted by Petrus
I am afraid to take a nap. It's 4:50a here in the Rockies
Anyone else out there just letting their account ride this out? If so, for how long?
I would just love 1 hour of sleep, but I am afraid of some unforeseen reversal.
it's at 5112 now -- just got near 5105.
Anyone with an educated guess out there? I really don't want to screw up my exit.
|
went long @5114 stop is at 5078, looking for 5250. get some sleep as the cliche goes "trade down to sleeping level" |
08-08-2008, 07:44 AM
|
|
Member
|
|
Join Date: Jun 2008
Posts: 60
|
|
Quote:
Originally Posted by melbgirl
Anyone here, do you know which of the analysts have predicted what we've seen in the last 24 hours? It would be interesting to know.
|
The risks are that Trichet softens the inflation rhetoric alongside the weaker economic outlook and EUR/USD keeps moving directly south. We think there is potential for an imminent death spiral in EUR/USD, potentially taking out the 1.5270/5320 key lows for the year and targeting another -750 pip decline in coming weeks.
Trading Strategy:
EUR/USD: We look to establish short EUR/USD positions in the 1.5450/80 area and to add on any bounces, ideally selling in the 1.5500/30 area; stop over 1.5600. Take profit objectives are for a portion at 1.5300/30 and the remainder in the 1.5000/50 area.
this is the part of the email i receive aprox. 30 hours ago from chef courency strategist Brian Dolan and courency strategist Jacob Oubina at Forex.com...prediction was 100% correct.. |
08-08-2008, 07:47 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 24
|
|
|
anyone think we're going below 1.51?
|
08-08-2008, 07:48 AM
|
 |
Member
|
|
Join Date: Jul 2008
Posts: 321
|
|
|
Hi to everybody!
I just got to my office and guess what? 80% of my account is gone!
Going back to charts: eversince yestarday's ECB meeting there hasn't been one candle closing over the 5&13 EMA of the closes.
On the other hand being end of the week long is out of discussion.
Shorts can be extended as far as 4940.
But the bst strategy for now is stay on side-line& wait till some good #'s come out of Eurozone&/or bad #'s form US so Euro gets bullish!!!!
GL,
|
08-08-2008, 07:48 AM
|
|
Member
|
|
Join Date: Mar 2008
Posts: 1,492
|
|
Quote:
Originally Posted by ikar
The risks are that Trichet softens the inflation rhetoric alongside the weaker economic outlook and EUR/USD keeps moving directly south. We think there is potential for an imminent death spiral in EUR/USD, potentially taking out the 1.5270/5320 key lows for the year and targeting another -750 pip decline in coming weeks.
Trading Strategy:
EUR/USD: We look to establish short EUR/USD positions in the 1.5450/80 area and to add on any bounces, ideally selling in the 1.5500/30 area; stop over 1.5600. Take profit objectives are for a portion at 1.5300/30 and the remainder in the 1.5000/50 area.
this is the part of the email i receive aprox. 30 hours ago from chef courency strategist Brian Dolan and courency strategist Jacob Oubina at Forex.com...prediction was 100% correct..
|
Thanks Ikar, I remember you mentioned this...full marks for Brian Dolan and Jacob Oubina...can anyone subscribe to their email alerts? |
08-08-2008, 07:49 AM
|
 |
Member
|
|
Join Date: Apr 2008
Posts: 1,495
|
|
|
Possible EUR Move
Hi all,
Very sorry to hear all the losses.
Here is a possible EW count for Euro. Indeed, it has very bearish implication. In this chart, we are going to (3) which supposedly have a support at 5060 which is 2.618 fib wave (1).
Projection is based on typical wave length and also fib ratio. We could potentially go to 4710 to complete the whole huge 5 wave impulses before significant relief correction to 5373.
Be safe in the market, and remember to put Stop Loss.
Good luck all.
Last edited by cmellon; 04-05-2009 at 07:26 PM..
|
08-08-2008, 08:04 AM
|
 |
Member
|
|
Join Date: Feb 2008
Posts: 519
|
|
Quote:
Originally Posted by Petrus
anyone think we're going below 1.51?
|
Very unlikely. 
Next question please? |
08-08-2008, 08:15 AM
|
|
Member
|
|
Join Date: Jun 2006
Posts: 207
|
|
Quote:
Originally Posted by analyzer
went long @5114 stop is at 5078, looking for 5250. get some sleep as the cliche goes "trade down to sleeping level"
|
well that was quick, got stopped out |
08-08-2008, 08:20 AM
|
|
Member
|
|
Join Date: Dec 2007
Posts: 18
|
|
|
Does anyone have the latest COT or SSI numbers?
|
08-08-2008, 08:21 AM
|
|
Member
|
|
Join Date: Feb 2008
Posts: 519
|
|
Quote:
Originally Posted by clauswu
Does anyone have the latest COT or SSI numbers?
|
Not me. Besides, do they matter?
Next ! |
08-08-2008, 08:23 AM
|
|
Member
|
|
Join Date: Jul 2008
Posts: 24
|
|
|
ok, seasoned traders...where do you think the bottom will be?
What is the downward potential and according to probability?
thanks.
I had a bad day yesterday but last night almost brought me back to where I was before the losses. Still a ways to go, but I am grateful.
|
08-08-2008, 08:24 AM
|
 |
Member
|
|
Join Date: May 2008
Posts: 36
|
|
Quote:
Originally Posted by Petrus
anyone think we're going below 1.51?
|
Quote:
Originally Posted by Guilder
Very unlikely.
Next question please? |
well that didnt take long... No pun intended |
|
|
| Thread Tools |
|
|
| Rate This Thread |
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|
