Talk about blood red today. Hope some of you didn't get burned like i did.
in the uk there is blood everywhere.......Londons geting burned in the markets and on the streets. Scumbags are torching buildings now across the country....I am ashamed to say but great britain aint all that great from sky news ......!!
Oh and our lovely prime minister has decided to cut short his holiday to come back and make a new law
'the riot police WILL NOT ADOPT ZERO TOLERANCE.......We shall simply stand by and watch the rioters loot and then nicely ask them to move on.......'
Londons markets got splattered today and so did you the uncle sam end........Seriously , im watchin parts of my beautiful country burn........ I hope none of you got burned on the marlets today......
meanwhile soon as the dow jones decides to end its falling knife there is a trading opportunity on the USD/CAD currently above R2 and in desperate need of a drop /correction move down...It aint gonna happen while dow and SP are in the sand ............but once it starts to pop she will fall
Take your profits or the market will take it from you....
AUDUSD: just closed my shorts. must step back revaluate.
still in...... perhaps a st line drop it may be........ closed under my super bear channel finally.... sitting on 300 pips and shorting my guts out.. OPTIMISTIC but....... 9930 pops in.........
I did mention this trade on Friday and with the whole setup............ must have scalped in b.w for 40-70 pips range as well esp the last 3-4 hrs been selling the crap out of it...
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...
in the uk there is blood everywhere.......Londons geting burned in the markets and on the streets. Scumbags are torching buildings now across the country....I am ashamed to say but great britain aint all that great from sky news ......!!
Oh and our lovely prime minister has decided to cut short his holiday to come back and make a new law
'the riot police WILL NOT ADOPT ZERO TOLERANCE.......We shall simply stand by and watch the rioters loot and then nicely ask them to move on.......'
Londons markets got splattered today and so did you the uncle sam end........Seriously , im watchin parts of my beautiful country burn........ I hope none of you got burned on the marlets today......
meanwhile soon as the dow jones decides to end its falling knife there is a trading opportunity on the USD/CAD currently above R2 and in desperate need of a drop /correction move down...It aint gonna happen while dow and SP are in the sand ............but once it starts to pop she will fall
I am in short but I have shrubbery set up aka hedge
I believe it could still hit .9660 but wanted in in case it was a little short of what I expected. I will be holding this one for a while, a while, as the waves shape up I will let you know where to, could be 9600 could be lower need some waves so the shape can confirm what's up for the downside
actually got tired of watching it so got the trimmer out and disposed of the hedge, must have snack. in small will build as it moves. Assuming it does as I anticipate
Last edited by captester; 08-08-2011 at 05:05 PM.
_______________________________ Just cleaning up all the leftover pips
I am in short but I have shrubbery set up aka hedge
I believe it could still hit .9660 but wanted in in case it was a little short of what I expected. I will be holding this one for a while, a while, as the waves shape up I will let you know where to, could be 9600 could be lower need some waves so the shape can confirm what's up for the downside
actually got tired of watching it so got the trimmer out and disposed of the hedge, must have snack. in small will build as it moves. Assuming it does as I anticipate
im in at 9940 - smallish short ... gonna try and keep this runnig for a whil..ref waves - i hear you on that one. thanks ...It was a bit windy up here when i shorted and was suprised that R2 stayed wihtiout profit taking from the bulls
Take your profits or the market will take it from you....
Madness!!!!!! A/u gap down while e/u and g/u gap up? A/chf and u/chf gap down but nothing from e/chf and g/chf? Waiting for a potential a/u explosion to the upside, 4hr is turning, but a 4hr failure will be equally devastating to the downside(.9881=23.6 minimum target for completed 5 waves from 2008 low).
Originally Posted by stanchiam
ea completed a major wave and is now going up, when ea start to drop on w2/b ret, au will start to climb
Originally Posted by nopainnogain
AUDUSD: just closed my shorts. must step back revaluate.
A/u 4hr rejection was sweet to ya. In your opinion, is the drop from the top a w1 or wC of expanded flat?
Originally Posted by stryker
still in...... perhaps a st line drop it may be........ closed under my super bear channel finally.... sitting on 300 pips and shorting my guts out.. OPTIMISTIC but....... 9930 pops in.........
I did mention this trade on Friday and with the whole setup............ must have scalped in b.w for 40-70 pips range as well esp the last 3-4 hrs been selling the crap out of it...
GL..
Nice job my brother. I missed all of today's action but at least you and NP nailed it.
Hello Everyone, I have been a member of this forum for sometime but never contributed to any topic until now.I have tremendously benefited from the views of members . They are very informative and I usually find them useful especially when my thinking and analysis are at crossroads like what happened today.Sometimes I feel sad for not contributing my little knowledge to the community lest somebody may benefit from it as I am a beneficiary to other members work.
Following the S&P downgrade of US to AA+ with negative outlook,I expected the $ to be bashed today. I had expected some selling pressure on $ denominated assets.Least on my analysis is the flight to safety as was witnessed today. Going by what happened at the end of last week when ECB promised to support Italy and Spain by purchasing their government bonds,I was planning a Long EUR/USD trade once we open for business today.The rest is history.
With the way things happened today(Dow's drop of 634points today and a 205pips drop of Eur/USD pair)I will appreciate if most of you that are more experienced than me comment on the short term outlook for this pair.Do you think Asia will close the gap? or remain flat. What do you think of Europe? If ECB will continue bond purchases, how are they going to fund them without creating additional problems, including inflationary pressures that may lead to actions that will further reduce euro zone sub 1 growth and negative outlook for the euro.I was hoping for a bounce in the short run to cover at least 1/3 of today's drop before the resumption of the downtrend.Are any of you in this opinion with me? I tried a long trade earlier today using this strategy but was stopped out. My technicals are all pointing south for this pair but I am quite skeptical on which direction the pair will travel first considering the speed of the drop today.
A/u 4hr rejection was sweet to ya. In your opinion, is the drop from the top a w1 or wC of expanded flat?
This a/u drop is historical!!! It has a 2008 feel to it.
Originally Posted by AyoBro
4hr failure will be equally devastating to the downside(.9881=23.6 minimum target for completed 5 waves from 2008 low).
(A/U)200 FE is my limit for wCs(especially the last leg of an expanded flat), which happens to be a tad lower than 23.6 of the entire rally from 2008. I'd be force to call the drop w1 or possibly wA of XX if March low is taken out. Another payday is right around the corner, just have to wait for a w2/B retrace?
Last edited by AyoBro; 08-08-2011 at 10:39 PM.
Reason: Quick 40 pips a/u long, waiting and watching March's low.
This a/u drop is historical!!! It has a 2008 feel to it.
Perhaps hysterical is a better word. lol
Ayo, I was just checking the same thing on A/U. It begins to feel like it all across the board. And yen is back where it was before intervention.
Anyway, I booked some pips, time to go to sleep...
Last edited by banison; 08-08-2011 at 10:29 PM.
In order to make a profit, learn first how to take the loss.
Perhaps hysterical is a better word. lol
Ayo, I was just checking the same thing on A/U. It begins to feel like it all across the board. And yen is back where it was before intervention.
Anyway, I booked some pips, time to go to sleep...
Hysterical is a better word. Get some good sleep. Long g/u from 6294(stop b/e), though I think e/u might be the better pair against 1.4053 bottom.
Update, took the 40 pips.
Last edited by AyoBro; 08-08-2011 at 11:48 PM.
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
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Originally Posted by s_slo87 
I enjoyed the UK when i was there in 2004.
