What am I doing? I'm waiting for the trade to come to me! What are you doing?
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Was using them but cancelled out after learning that the owner was a Soro's lover.
Thanks kermit42! NZ in the daily chart is well primed and ready takeoff. It's been laddering the 4hour chart since Nov 29th.
UCAD daily chart looks like it's topping out
Hey Kirby, QE, haha, is always a sign of economic weakness IMO. The daily chart was showing a lot of weakness and was poised like a coiled spring to do something. By design, it was this manipulation that got it moving again. With that said, even with this shot in the arm E/U is still bear IMO. I like to watch the daily chart for overall trend, it's still trading below the 100SMA which in my book makes it bear. Definitely expect the unexpected and trade accordingly.
EUR/USD just exploded
or, based on the 1 day chart, we could be seeing a double bottom from the low we saw in mid March.
Mr. Newton has been true to his word to me. I'm still here. I support the RCCH Team. Go RCCH!!!!
"Sunday after 9PM", I'll be there!
AU just filled the gap left on Sept 15th and then quickly bounced up to hover on the daily 100SMA.
Good eye! It's hitting resistance against the 1H/200SMA and the 4H/200SMA. I think there's one more little push then down she goes down. The Daily 100SMA @ 132.0 is the next resistance. I think price action is gonna get very jiggy for the next few weeks. The daily chart is getting weak and it looks like a long term bearish correction is in the works. Anything can happen but I think come Jan 1, there might be some sweet opportunities short this pig.
I agree, I think we're about to see a lot of price action with EJ before the big short. The daily chart is showing that the bulls are losing gas.
I'm with you on that one pennies
Hey simple!
I'm a 100SMA kind of trader, my charts are simple and nearly naked. I use multi-timeframe MA's and the one I watch most is the hourly. It's worked well for me. This new concept of the SupDem combined with the fibs adds a different layer to my vision of the charts. When penny pointed out the forced.tf feature of Supply_Demand_Zone that clicked for me because it removed a lot of noise and confusion across the shorter time frames. For me, the jury is still out with SubDem but it looks very promising. In closing, I must say that I am extremely grateful for what you, penny and the the rest of the group has brought to the forex trading table. Thank you! PB
I've been drinking but I think see strong demand for CC in the 1 and 4hr time frames. Does anyone else see this? LOL
many of us have been putting horse piss in our eyes for years, ever hear of Murine, Mur-ine, (mare's-urine)? yup! horse piss! LOL
Oh yeah! It's flirting the bearish daily 200SMA line.
it's looking very promising, thanks for the chart!
Interesting, I'll have to check out SG's fib system. One other thing to keep in mind is that the daily 100SMA is also horizontal and slightly pointing downwards.
UJ is testing the 60min SMA, if it can't break through, I say look out below
hey why so cheap? That kind of solid advise is easily worth at least 50 trillion Zimbabwe dollars doncha think? hehe
AJ is nearly touching the bearish daily 100SMA line as well. This is poised for a drop.
SG, you have written a very nice mini novel of which much wisdom can to be gleaned. Thank you for that and boy are you right! The trend IS your friend but for God's sake don't ever marry a trade!! haha
I guys always come up with such great ideas! For me, "the trend is your friend", "the trend is your friend", this is the mantra that goes through my head when trading. I've gotten burned by trying to wring out every last pip. LOL
Thanks Pennies I'm glad to be back here. We all have our own eyes and see things differently and your eyes are exceptionally sharp that's for sure! I don't know why but I could never get tuned into Elliot Wave theory, fibs on the other feel natural to me.
Thanks SG! Yes indeed, life's been very good to me as I hope it is to you as well! My business has kept me extremely busy for a few years but my schedule is lighter now so I've decided to get back in the FX game. Your board, of course, is a great place to hang. Thanks again for the warm welcome!
Nice chart! I hope you don't mind me chiming in with my 2 cents. NU is ping-ponging between the weekly 100SMA and 200SMA, there's a fight going on as to which long-term direction it wants to trend. Your "could target here" line is pretty much at the weekly 100SMA. That line could be the make or break line IMO. The weekly 100SMA is pointing slightly down so yes, it's possible that it could go into abyss. Take a look at the 15min, 30min and weekly charts using 100 and 200 SMA's and let me know what you think. Cheers!
Hi SG, it's been a while, I hope you're well.
I just wanted to give you a heads up on a real sweet NEW study in ToS. It's called DailySMA. Basically it allows you to plot SMA's on a chart from other time frames. I've setup a 1min chart with a 1min/100SMA, 5min/100SMA and a 15min/100SMA. If you're into trading the trend, the results look extremely promising. check it out.
PB
It's obvious that the Cyclone engine could be a major component but I truly hope that the military industrial complex (which includes "big oil") doesn't get their paws on this first. This technology, if it truly works, should be for "the people" and not for more war, death and destruction. Just my not so humble opinion, of course.
too good to be true or have we arrived at the game changing point in history? If it's real, WHE will fit in quite nicely
http://www.forbes.com/sites/markgibbs/2011/10/17/hello-cheap-energy-hello-brave-new-world/
Hello Cheap Energy, Hello Brave New World
Over on Network World where I’ve had a gig as a columnist for about 18 years, in my Backspin column I wrote about a power generation system this week called E-Cat which is to be tested on October 28th.
If you’ve missed the recent brouhaha over the E-Cat (which stands for Energy Catalyzer), you’re missing out on a three ring circus over a technology that will either change everything or change nothing because what is promised is, in theory, power too cheap to be worth metering.
The E-Cat is a simple device albeit with functioning that defies all known explanations.
In summary, the E-Cat is a cold fusion (CF) device (the inventor, Andrea Rossi, prefers to term the technology “Low Energy Nuclear Reaction” which appears to be the same thing as CF but a less contentious phrasing). I’ll refer you to my Network World column for a more long-winded explanation of the background and theories about the device.
The problem with Rossi’s system is that it is too good to be true. It is claimed that the E-Cat only requires some initial heating to start after which the reaction is self-sustaining. The reaction uses a secret catalyst to transform nickel into copper with heat being produced which can be used to make steam, drive a Stirling engine, or be used for whatever you please.
If this device works as claimed, the world will change and not just a little but hugely and at every level of how we’re organized, how we make stuff, how we travel, and how wealth is distributed. And those changes won’t just impact the US or the Western hemisphere; they will transform the entire world because incredibly cheap energy is the ultimate game changer.
So, here’s what I’m wondering: If the E-Cat does work, how will ultra-cheap energy transform your world? Imagine the following:
Where today you use petroleum products for motive energy (for example, to propel cars, trucks, and planes) you will be using steam engines or Stirling engines. In theory you’ll be able to drive across the country for cents. What will that do to the trucking industry? The shipping industry? Aviation?
With the demand for gasoline falling overnight and petroleum becoming needed primarily as feedstock for plastics, the US would immediately become self-sufficient in crude oil. What will happen in the Middle East without the huge flow of cash from the Western hemisphere? How will world politics be changed?
An E-Cat system could power your house or office making the existing grid obsolete. What would it mean to make your personal and corporate electricity and gas bills nearly zero?
The cost of manufacturing would fall very quickly with energy removed from the equation. If you are in manufacturing of any kind, this will affect you enormously. How fast could and how would you rework your corporate strategy to become competitive in a market where prices suddenly plummeted (note that the suddenly reduced cash flows would play havoc with the finance structures of many corporations).
So, the E-Cat will be demonstrated on the 28th of this month and I, for one, will be watching with great interest and enormous hope because if Rossi’s E-Cat system works, it will be goodbye recession and hello, brave new world.
I agree. Three's company in the 5min chart is another confirmation.
http://lewrockwell.com/rep2/euro-leaders-know-financial-system-doomed.html
The following are 20 quotes from European leaders that prove? that they know that the financial system in Europe is doomed....
#1 Polish finance minister Jacek Rostowski: "European elites, including German elites, must decide if they want the euro to survive - even at a high price - or not. If not, we should prepare for a controlled dismantling of the currency zone."
#2 Stephane Deo, Paul Donovan, and Larry Hatheway of Swiss banking giant UBS: "Under the current structure and with the current membership, the euro does not work. Either the current structure will have to change, or the current membership will have to change."
#3 EU President Herman Van Rompuy: "The euro has never had the infrastructure that it requires."
#4 German President Christian Wulff: "I regard the huge buy-up of bonds of individual states by the ECB as legally and politically questionable. Article 123 of the Treaty on the EU’s workings prohibits the ECB from directly purchasing debt instruments, in order to safeguard the central bank’s independence"
#5 Deutsche Bank CEO Josef Ackerman: "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels."
#6 ECB President Jean-Claude Trichet: "We are experiencing very demanding times"
#7 International Monetary Fund Managing Director Christine Lagarde: "Developments this summer have indicated we are in a dangerous new phase"
#8 Prince Hermann Otto zu Solms-Hohensolms-Lich, the Bundestag's Deputy President: "We must consider whether it would not be better for the currency union and for Greece itself to go for debt restructuring and an exit from the euro"
#9 Alastair Newton, a strategist for Nomura Securities in London: "We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis"
#10 Former German Chancellor Gerhard Schroeder: "The current crisis makes it relentlessly clear that we cannot have a common currency zone without a common fiscal, economic and social policy"
#11 Bank of England Governor Mervyn King: "Dealing with a banking crisis was difficult enough, but at least there were public-sector balance sheets on to which the problems could be moved. Once you move into sovereign debt, there is no answer; there's no backstop."
#12 George Soros: "We are on the verge of an economic collapse which starts, let's say, in Greece. The financial system remains extremely vulnerable."
#13 German Chancellor Angela Merkel: "The current crisis facing the euro is the biggest test Europe has faced for decades, even since the Treaty of Rome was signed in 1957."
#14 Stephane Deo, Paul Donovan, and Larry Hatheway of Swiss banking giant UBS: "Member states would be economically better off if they had never joined. European monetary union was generally mis-sold to the population of the Europe."
#15 Professor Giacomo Vaciago of Milan's Catholic University: "It's clear that the euro has virtually failed over the last ten years, even if you are not supposed to say that."
#16 EU President Herman Van Rompuy: "We’re in a survival crisis. We all have to work together in order to survive with the euro zone, because if we don’t survive with the euro zone we will not survive with the European Union."
#17 German Chancellor Angela Merkel: "If the euro fails, then Europe fails."
#18 Deutsche Bank CEO Josef Ackerman: "All this reminds one of the autumn of 2008"
#19 International Monetary Fund Managing Director Christine Lagarde: "There has been a clear crisis of confidence that has seriously aggravated the situation. Measures need to be taken to ensure that this vicious circle is broken"
#20 German Chancellor Angela Merkel: "The euro is in danger ... If we don't deal with this danger, then the consequences for us in Europe are incalculable."
Hey Ramsey, it's good to see you here, welcome!
If you want to get into the FOREX game I would highly recommend that you get yourself a copy of "Attacking Currency Trends" by Greg Michalowski. It's not just another FOREX book, it is truly an invaluable resource and I think others here would agree.
PB
those google search results are interesting
I went on a cruise with them this past spring and that's when the possibility hit me
Also, known as RCCL.
Thanks for the PM javalin!
Have a great weekend!
very nice pennies, thanks for posting! Do you know where I can get the Asian open/close indicator?
following, almost exclusively, the 15 min charts has done wonders for my trading patience.
I hear that! With those kinds of gains I kinda figured you where going all out.