Yoohoo, I'm feeling good that my analysis was close to yours (down)... Thanks a lot for support in this tough time... You guys all are really helping me to hold strong through it!
LOL... I remember when we were kids it was popular to call someone's home and say "is it a zoo, would you be so kind to call a gorilla, I need to talk to it".
What an excellent gameplan realization today!!! I wish I traded it... Though, well, it's a good lesson for future when will be ready to put some PIB...
I allready know what I'm going to do this weekend: reread this whole thread again with charts next to them so as to better understand the reason for every trade and everything that was mentioned so as to engrain it all. [/B][/QUOTE] ############################################################ Good point - merci As soon as you got it sorted out let me know - lol
All I did this session was draw trendlines for 3 hours and watch it unfold....I'm shocked to think it could be this easy...... The trendlines are still looking down to 15525 now....and new york could drop it to 155. and the next few days could even see the final drop to the 154 level. and this could become a new cycle beginning with the need to draw a much wider channeltop to bottom....which might suggest the trend cycle that will take us into and through the summer....ranging from 154 to and thru 160+.... or wait.... actually anything could happen if the bear energy takes over and somehow....despite the collapsing US economy (I see it daily)(our house has dropped 100k in value in 2 years)despite the bad news....the game controllers could deliver what the TA bears want, dropping it to 1.47. We can only wait and see....hopefully... 'see' it about one hour before it happens,right? the 'game controllers' decided they want the euro to be somewhere other than 1.60....so wherever they want it is where it will be....that could to some degree spoil the TA for the bears who want it to drop back to 1.47...if the controllers want it higher.just as last week....for the bullish trendlines I saw that said the euro was going to blast thru 1.60 last week on the 17th ,and would be up around 1.61 now if they didnt stop it from happening.... that was the significant day that the game rules were circumvented....(IMO) but (FWIW) my rat smelling instinct....is starting to believe the BBM (big bank manipulators)...the game controllers.... dont want the euro to be 160 at all....and will be working hard to keep it below ....whatever level they want.... we've yet to find out now. I can see the realness of TA,and the effect News has on the PA.... but the manipulations by the controlling powers,is like changing the rules in the middle of the game.... and that makes the TA fly out the window until you discover what their 'new rules'are .... the EU president at least gave us a clue last week, and the low end spike on April 17 was the big clue in the trendline drawing....its like grand central station the center of a big spider web.....and a key point to todays PA, still ongoing. I might fully expect to see the Euro drop to 154.50 before it recovers,and marks the new cycle....like the way Feb 7 was the start of this current cycle. I know this long term thinking is "off subject" for the journal.... but its always necessary to know the direction of prices,even if one's trading in shorter cycles within these longer cycles. I havent the ability to trade at the 1 minute chart yet...but I'm learning so much by coming here I cant stay away. Thanks for being a good host,CF. another good day of learning. T
Tom & cv, Glad that you liked a thread and your sharing of trades and analysis are very valuable without any doubts... You give a sense to this thread today as I am taking a day off.