Never Lose Again

[razorboy]

From Zerohedge.....

Nick Gogerty of Designing Better Futures has come up with another of his highly entertaining and educational videos, this time focusing on a longitudinal comparison of housing prices by geographic area compared to household income. Aside from the obvious inflation in prices during the bubble years, the video should make those in the administration think if another credit bubble is just what this economy needs. The only long-term solution for our economic crisis is not to repeat (continuously) the mistakes of the past, but to focus on improving per capita incomes by whatever micro or macro means available.

Until that occurs, every ensuing "rebound" will be simply yet another asset bubble, each with an increasingly shorter duration, until the mechanisms to reflate the bubble expire. However, if the bubble approach to economics is overturned there will be huge losses for Wall Street and a large percentage of the already decimated banker community will end up collecting unemployment benefits. And neither Larry Summers nor Obama's other closet advisors want that outcome. So you might as well prepare to see a sequel of this chart in 5 years, when the HHI is the same, but the house price amplitude is a multiple of the one exhibited here.


http://www.youtube.com/watch?v=nSH9KEF8 ... r_embedded

[pierre23]

First white line is initial short trade with 'testing' lots -- closed for -20pips

Next two shorts full positions.

Green target. That's me for the day.

[monolisa]

Good trade, pierre23. Pick the top of the correction spot on!!

I notice that when there's a high volume down bar in an uptrend it usually signal a change to downtrend. The weak up bars during the correction help entry.

Lis

[pierre23]

thanks Lis. I agree, spot on.

The first push to the downside was the clue that it may be a downtrend and when the correction didn't make a new high (before the first push down), with smaller up bars getting taken into consideration, I was waiting for that momentum back downward. Just gotta have patience.

Pierre

[Fxtraveller]

post

[TheRumpledOne]

Can you SEE why I like to laugh at the SQUIGGLYS?

I am NOT saying they don't work but if you look at the support/resistance dots you should be able to SEE what the SQUIGGLYS are telling you.

[es/pip]

from today

had some good ones

a bad one

and some ok ones

all in all a good ROI

[zapzinig]

+110 pips in 3 hours.

--ZZ

[Humble]

Do you really need candle colour to determine direction?

I sometimes wonder if you are better off without it. A candle coloured up because its close is above the open, could in fact have a lower high and lower low than the previous candle.

[monolisa]

GBPUSD M3 Mightzone trade

Tick = Entry
Cross = Exit

Close to 100 pips in less than an hour. Thanks, MO.



Lis