Search results

Ashan - I'd like to add my kudos to you for a job very well done. As well, thanks for an excellent journal. Its been a pleasure to follow along. Best of luck for the coming month...

"tom123 Registered: Jan 2008 Posts: 120 06-25-08 02:15 PM Sudden crash and blast off at the same time ...10 minutes ago. Can anyone explain what just happened ??" Yeah, REAL professionals. ROFLMAO... Especially if you like and enjoy after the fact trades and analysis.

Hello Ashan. I'd like to commend you on an excellent, thought provoking journal. Your commentary is clearly head and shoulders above what one normally finds in this forum. I have been grappling with the daytrade/swingtrade conundrum as well, and found your comments very applicable and...

cferret --Thank you... Yep. They (divergences) are certainly there on your charts. And, I might add, they are working out very well so far. Hope you took the trade...

Dobryj Den (LOL, hate non-cyrillic keyboards) --If you get a chance, can you post a slice of the chart that's showing you those divergences? More out of curiosity than anything else, because I'm not seeing anything that remotely resembles a divergence on any of my charts for those time frames...

Guess he's not getting them excited enough. Trichet is increasingly sounding more and more like the European Alan Greenspan. Talking out of the side of his mouth. Can't wait for the day when his house of cards comes tumbling down and all the backpedaling starts. Guess I'd better shut up on...

Thanks. We'll soon see if this plays out. Trichet is expounding now, getting the Euro Bulls all excited...

Should have posted this at the same time as the one above. Here's a good example (on the 15 min) of a negative diversion playing out, lending credence to the larger 1 hour pullback noted in previous post -- http://i27.tinypic.com/15mdwu8.gif

Morning... EUR/USD (1 HR) butting up against the pivot here. SOme econ reports coming out shortly as well. Looking for a pullback... http://i32.tinypic.com/2yyujjm.gif

That chart I posted on 11 May @ 2:06 AM was a 4 hour chart, NOT a daily. My apologies. Got to quit staying up so late ...

Greetings all And Happy Mother's Day to any mothers who might be lurking. Monday could be the day for this thing to reach some kind of conclusion. All kinds of things are confluencing (is that a word??? LOL, I doubt it, but you know what I mean). As Yoohoo said, great Friday finish --...

Well, so much for that. Eur/Usd just took a good dump. If I didn't know better, I'd be thinking here that tomorrow's decisions are already known, which of course is absurd thinking. Soooo, bite the bullet and get out of this sucker's way or join in for the ride...

As an aside, there is an interesting diversion taking place on the EUR/USD 4 hour chart -- http://i29.tinypic.com/2w3vslh.gif

Support level seems to be holding for now. I'm still looking for a bounce around here to the 5650 or thereabouts level. Haven't seen anything yet to change my mind about this. If/when I do, I'll yank those suckers in a heartbeat... EUR/USD Daily -- http://i31.tinypic.com/29e0plg.gif

Heheh - You know what they say about brilliant minds thinking alike. Yeah, I wish... :) PS - That swoosh down has all the signs of a classic London fakeout. I keep staring at the daily chart and it keeps telling me we should see some up as previously noted in yesterday's post. We'll...

Looks like Euro has lost interest in going higher for now. Hourly trendline violated -- http://i30.tinypic.com/2iscmjn.gif

EUR/USD Daily -- http://i28.tinypic.com/nqel1g.gif

EUR/USD is at very critical stage here. Monday (and/or next few days) could be very interesting indeed. What's that sound I hear in the loo? http://i28.tinypic.com/mjs32x.gif (EUR/USD Daily)

Now THAT was a really good morning picker upper. Nice dump. German retail sales sucked big time...

The indicator in the price panel is a moving average. The one in the lower panel is an oscillator (one can use any of the myriad of oscillators available to determine divergences. The oscillator used is not really that important. Knowing how to identify and draw the divergences correctly...