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pierre23
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Postby pierre23 » Tue May 19, 2009 11:19 pm

MightyOne wrote:Lets say that price continued upwards :shock: @#$!

Does this price action give you brain freeze?

Image


So at point C the DTCF line is drawn?

Or the DT line you have drawn is the DTCF and if we had traded we would be taking a long term long position??

Sorry if im testing your patience.. I'm struggling here lol

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razorboy
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Thoughts on EUROJPY

Postby razorboy » Tue May 19, 2009 11:38 pm

MO

What are your thoughts on the EUROJPY at the moment - my gut is that it is in no mansland between 130.32 - 131.84 - price has already broken the lower end, but didnt continue thru by much - Im thinking if the top end gets broken, the trend is up - based on previous momomentum

will post a chart soon
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

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pierre23
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Postby pierre23 » Wed May 20, 2009 12:32 am

It's found resistance at the 61.8 fib level and its shooting back back down.. I think it'll head back down, at least to 129.40 (hopefully does, as I have a long term short position)

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MightyOne
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Re: Thoughts on EUROJPY

Postby MightyOne » Wed May 20, 2009 3:17 am

Forget about the current trade for a moment.

If you wish that you had went long from X then you wish that you were long.
If you wish that you had went short from Y then you wish that you were short.

Now that you are done wishing, how are you going to enter into the move that you want to be part of?

razorboy wrote:MO

What are your thoughts on the EUROJPY at the moment - my gut is that it is in no mansland between 130.32 - 131.84 - price has already broken the lower end, but didnt continue thru by much - Im thinking if the top end gets broken, the trend is up - based on previous momomentum

will post a chart soon

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MightyOne
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Postby MightyOne » Wed May 20, 2009 4:07 am

I'll just start over from the beginning and try not to get ahead of myself...

pierre23 wrote:
MightyOne wrote:Lets say that price continued upwards :shock: @#$!

Does this price action give you brain freeze?

Image


So at point C the DTCF line is drawn?

Or the DT line you have drawn is the DTCF and if we had traded we would be taking a long term long position??

Sorry if im testing your patience.. I'm struggling here lol

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razorboy
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Re: Thoughts on EUROJPY

Postby razorboy » Wed May 20, 2009 9:12 am

no wishing here.........just sitting and waiting for a decent move..........
MightyOne wrote:Forget about the current trade for a moment.

If you wish that you had went long from X then you wish that you were long.
If you wish that you had went short from Y then you wish that you were short.

Now that you are done wishing, how are you going to enter into the move that you want to be part of?

razorboy wrote:MO

What are your thoughts on the EUROJPY at the moment - my gut is that it is in no mansland between 130.32 - 131.84 - price has already broken the lower end, but didnt continue thru by much - Im thinking if the top end gets broken, the trend is up - based on previous momomentum

will post a chart soon
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Wed May 20, 2009 10:13 pm

Hey MO

You took down a chart!!!
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Wed May 20, 2009 10:17 pm

This ranging market has been like a steady loss of posting blinds and then folding
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Wed May 20, 2009 10:17 pm

This ranging market has been like a steady loss of posting blinds and then folding
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Thu May 21, 2009 5:58 am

So I did...

With a few more beers and TRO's help every thing I want to say will just be a 3rd compass and the chart will go away for good :lol:

razorboy wrote:Hey MO

You took down a chart!!!

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