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xxDavidxSxx replied Mar 9, 2008Big players scalp and place pending order too. Your not the only one. The banks are the biggest scalpers in the world. Smart man wouldn't have left a short over the weekend and this gap and move today shows why it wouldn't have been a good idea. But ...
EURUSD
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xxDavidxSxx replied Mar 9, 2008Big players scalp and place pending order too. Your not the only one. The banks are the biggest scalpers in the world. Smart man wouldn't have left a short over the weekend and this gap and move today shows why it wouldn't have been a good idea. But ...
EURUSD
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xxDavidxSxx replied Mar 9, 2008Now I see a zig zag on the charts. Last fri. price spiked up on news and cleared out pending sell orders just ahead. Thats what pushed price down. The price bounced, probly sell orders taking profit scared to hold through the weekend because of ...
EURUSD
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xxDavidxSxx replied Mar 9, 2008Might be people positioning up for the new month. In an up trend we buy dips.
I went long at the bottom of the dip friday. Nice start to the weekEURUSD
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xxDavidxSxx replied Mar 7, 2008Your right about not good place for a long at 1.5444 or above. But the dip to pivot is a good long position. 1000 pips with no retrace is not a sell signal. Besides your forgetting that sideways consolidation is the same as a retrace. And we had ...
EURUSD
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xxDavidxSxx replied Mar 7, 2008Do what? EURO bursted 40+ pips in 5-10 sec. on the news and ran in the direction of the over all trend. All the shorts making profit was a total dice roll. Might as well flip a coin. Because there was absolutely no sell signal. I took 70 pips on a ...
EURUSD
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xxDavidxSxx replied Mar 7, 2008Yea I don't care to read fxcm words. Guess you didn't read further what I wrote either.
EURUSD
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xxDavidxSxx replied Mar 7, 2008where are you holding short from? If your trying to pick tops, you have to set s/l just above resistance and let it take you out in the event the trend doesn't top and continues. "holding" a short once the price has broken resistance and pressed ...
EURUSD
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xxDavidxSxx replied Mar 7, 2008No it said 41% open shorts. This means 59% long witch is the way its going. Theoretically if the shorts cross above 50% then its time to short. But even at 50% its on the line and can go either way. But I would put more faith in the apple tree out ...
EURUSD
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xxDavidxSxx replied Mar 6, 2008Some one called it 1.5500 last week. I wasn't so sure but now since its gone this far its an easy target for the market. And yes 2.0000 is not so impossible now. But wheres the 200-300 pip correction for me to get an entry on


EURUSD
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xxDavidxSxx replied Mar 6, 2008What was the bad news on $. Unemployment is down and pending home sales are better than expected. I see the last 2 days as the dollar is heading for a turn. I did mention the need for one more rally up to new levels befor a turn around. Maybe this ...
EURUSD
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xxDavidxSxx replied Mar 5, 2008dip on what scale? Short term needs one more leg up. But could dip to 1.5236 pivot.
EURUSD
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xxDavidxSxx replied Mar 5, 2008Thats the key right there. Walking away for days or week or two. Come back fresh and do a couple mental to get in tune and then go small and scale in to big.
EURUSD
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xxDavidxSxx replied Mar 5, 2008I don't see this move as much. Looks very weak. Still upper trend line resistance, so it hasn't even left the expanding range its been in this whole time. Just establishing the range further. I'm not convinced enough to go long yet. It needs to ...
EURUSD
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xxDavidxSxx replied Mar 4, 2008Its not looking so much like other tops on the 4 hr chart. Has too much lift still. This thing could keep this up until nfp. But I think another rally to the highs might be coming.
EURUSD
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xxDavidxSxx replied Mar 3, 2008some times you have to sit back and let the market decide what it wants to do. If the market is uncertian how can we be? We can't decide the direction for it. And any positions made at this point are a gamble at best.
EURUSD
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xxDavidxSxx replied Mar 3, 2008The price made new highs but kept falling back into a zig-zaggy volital range and after the 3rd failer at the new peak it dropped like a rock. If history repetes were about to see another one. But wait for it to establish itself first. Never know ...
EURUSD
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xxDavidxSxx replied Mar 3, 2008Look at the charts from 1-30-08 to 2-4-08. Formation looked much like this and was followed by a very fast 300 pip drop.
EURUSD