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  #2331 (permalink)  
Old 08-14-2008, 02:27 PM
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I would not be a buyer again unless she penetrates the downward sloping trendline on the weekly chart, hope my attachment works
But if she gets to 207 or 209 and shows signs of reversal, I will be short again, this time hopefully to below the '00

Quote:
Originally Posted by mytwopips View Post
Unless the collective market finds new sentiment for a push up, I am thinking 207 - 208 may be the best we can do, if that.

If these value longs are in enough to make the first wave up, we may go for a nice bull run.

Though any signs of weakness, may make her go on another massive sell off.
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  #2332 (permalink)  
Old 08-14-2008, 02:28 PM
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What's GB going to do about that 4% inflation? while the economy is stinking too?

Are they going to act like the US and throw inflation out the window and go after the economy? or will they battle inflation first?
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  #2333 (permalink)  
Old 08-14-2008, 02:32 PM
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Originally Posted by pipsquito View Post

I have gotten on my knees and promised the forex gods I will never do anything like this again if they let me survive this.

While you're down there, try asking the Big Guy (or Gal), the one with the Power
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  #2334 (permalink)  
Old 08-14-2008, 02:35 PM
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Quote:
Originally Posted by 4xStar View Post
I would not be a buyer again unless she penetrates the downward sloping trendline on the weekly chart, hope my attachment works
But if she gets to 207 or 209 and shows signs of reversal, I will be short again, this time hopefully to below the '00
Now how are you going to be an active trader and not an investor looking at them weekly charts?

Start using tick charts only and go all in with 20 standard lots. Now that's trading!

Anyways, this neckline test might be over now. We could be headed up up up.
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  #2335 (permalink)  
Old 08-14-2008, 02:48 PM
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Quote:
Originally Posted by mytwopips View Post
Anyways, this neckline test might be over now. We could be headed up up up.
Are you joking or serious? You are sounding like Elijah.
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  #2336 (permalink)  
Old 08-14-2008, 03:06 PM
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I know this is a Long thread but 'm looking to sell anytime soon, waiting on a signal which I think might appear in an hour or so.
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  #2337 (permalink)  
Old 08-14-2008, 03:15 PM
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Quote:
Originally Posted by pipsquito View Post
Are you joking or serious? You are sounding like Elijah.
I will answer in a week or so using my special "Monday Morning Quarterback Skills"

If we sell off, I will say, "I was only joking guys".

If we rally, I will say, "I knew it all along".

I will become the Cramer of FX.
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  #2338 (permalink)  
Old 08-14-2008, 03:19 PM
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Default Our Leader Has Vanished

Well...I always got my encouragement from Elijah to stick with the positive guppy and not short it etc. Now that he is gone I am assuming that means he no longer believes the guppy will prevail. Sad.

I am pretty much stuck here holding the bag now. My doing of course...and this time I really thought I was playing it safe..."it won't go down THAT low without a major retracement" I hear myself saying...

Live and learn...eventually you get killed though...and the learning stops. Sometimes you have to back off of the experience and just sit on the sidelines inactive.

I see now she is slowly making her way down. I get the feeling this is the calm before the storm and all hell will break loose soon and down the drain the guppy will go.

I am debating re-funding this account...not sure of the wisdom in setting up more bodies to be slaughtered...or wondering if it is best to throw in the towel and just go down with the ship. Any thoughts?

I really don't have room to do any back and forth stuff (hedging, selling the fall, buying on up ticks). I tried that last night and kept losing my shorts as the thing went up. Right now it is just sitting there.

I wish I had stuck to my plan I was really doing well until I ran into this thread!! Sold the cow for the magic beans.
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  #2339 (permalink)  
Old 08-14-2008, 03:21 PM
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216 216 216 ALL ABOARD!!!

Ha Ha, you guys can't shoot me over a network connection.
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  #2340 (permalink)  
Old 08-14-2008, 03:25 PM
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Default Moses

I wonder if Elijah sees us (me more than others) as the folks Moses left at the foot of the mountain while he went up for the tablets. We are starting to worship the golden "short" calf...finding rational reasons to abandon the "Truth" of the guppy's return...slipping back into our pagan ways of trading technicals, fundamentals, and market movements that say it might be best to put aside the faith and see that the guppy could move south and never return to its previous heights and that no matter how much you "believe"--nor how much action you take to protect your margin--your account COULD get called due to a plummeting guppy.

Hmmm.

Well...I have surrendered to faith...and have said if this fails (my account) I will know it is best to move on and find my bliss elsewhere!

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