But I think the following is accurate:
"Many receive advice, only the wise profit from it."
Publilius Syrus
You know I often wonder why everyone following this thread could possibly NOT know where guppy is going next.
It is often VERY easy! IF I say she is going up she goes down! If I say she is going down she goes up! So if you go opposite of me lately you should be making all sorts of pips!
The trick I think is really to only go long. And space them down enough and wide enough and be patient enough.
The demo account is about 47K USD in the profit now but drawndown is huge at this point 170K. Lucky I have 1million to start off with.
I do think I am going to get a live account at fxpro and I hope to never have to use the like of the fxsolās ever again. I am almost tickled the way they
have manipulated their code and how they step on the data pipe at critical times. It should have been expected. They are all about taking your money and have proved over and over that piss poor service will rein if you have an account there. This is just my experience. They could treat you better.
But it is like a con, build up your trust then pull the rug out.
No more live trading until I pick up the 4X4.
For today I haVe to say and think guppy is going to rebound up nicely.
But since I am biased to the long today you can bet your britches that guppy will crash! Even though I have no real money in it ATM guppy should still dis me this week, so secretly I am looking for 174, but in the demo account I am still buying in the dips getting killed ATM, the key is patience though and proper money management and order entry to include Tp tARGETS, so when guppy hits your price she sells.
Of course there is the LT idea of a bullish breakout back towards 197, but that just doesnt look to promising ATM, those IF IF THENS I guess didnt pan out for our critics.
now what?!? Well I dont think she can run down much more below this as seen by the bottoming out there then the surge back up. I am still buying in the dips and am burried alive in drawdown in my 1mil demo acct.
This is a post I wanted to do yesterday, but the @#$%^& on my trade platform pssst me off that I was unable to do it.
Still waiting for my freebie chart platform to download, but the ones I trade with show:
Monthly:$ < low BB. MacD going down (< signal/H20). STO 8/40 going down (O/S) possible retrace-I donāt think too much on monthly
Weekly: $< low BB. 60 sma @200 going down.STO 8/40 both down and not extreme O/S. MacD going down( less than signal/H2O) again, possible retrace due to BB. but not much)
Daily:$ < low BB. MacD < signal/H20 going down. STO going UP retrace?
4H: MacD down ( < signal/ H2O) STO 8/40 curling up.
Trend is down (long term) I need some retracement for my longs.
TRIPLE R, Iām gonna take your advice on a previous post :)that G/Y does opposite to you. I be selling the rallies in a downtrend.
173 to 170 is possible.
I wish that I had an inspiring quote to give you guys. All I got is: " I lost my virginity but I kept the box it came in.":
The situation in the markets is getting more jittery than thought and authorities are scarred to admit what is truly going on.
Shall we see a black Wendesday, Friday ?? People panicking and attacking the bankās gates ??
Coordinated rate cut - looks like these dudes are in a despair. I donāt know maybe I should go and check if the there a que winding outside the bankās gate. :eek:
There is complete stanstill in the credit markets, everybody is sitting on the hands.
Shall we stay and watch a death spiral ?
This maybe a final market spasm and then year, two, three of stagflation. Maybe is close to the bottom ?
Iām targeting 169.70 .On the weekly,the 89 ema is < 144 and 89 is @ the 200 ( heading down). STO and MacD are down.
On the D, MacD is < H20 and signal lines- going down. But $ is < low BB ( (slight retrace?) On the D, the 5ema has been strong resistance since Sept. 30.
On the 4H, MacD is < signal/H20 lines. The 10 ema is possible resistance @174.70 or a down TL @175.40.
On the 15m,previous support @ 174.34 is a possible resistance.
I donāt think that Iāll buy up to these areas ( wait and see if $ breaks them real good to get me to buy).
A S.E.L around 175 appeals to me.
These guys have a check on the pulse of what is happening globally!
Look at all the experts at the banks -look at the shape that they are in.:rolleyes:
Trust yourself and the things that you feel are right- and you should be alright. Besides, if you do this- you know who to blame if things donāt work out, the first time. So, you try again with a different tactic.
This too shall pass. It is a cycle- when the bottom is reached,and G/Y goes up- Triple R will be hailed as a genius.
Is there anybody out there who knows of a website that has Commitment Of Traders (COT) charts/graphs that are current?
DailyFX had posts last month on these, but I canāt find them.
I feel they might be a further piece of the ābottomā puzzle.
"The definition of insanity is doing the same thing over and over and expecting different results."
Albert Einstein
well well wellā¦i really need a perserverance quote if someone got oneā¦iām downā¦and kind of outā¦i need up, but i keep getting smacked downā¦3 days of good hard work can get wiped out in 2 hours of insanityā¦
mmmmmmmm disciplineā¦it will be great to make itā¦
Yesterday, I said 169.70 was a target and she did that and then some.
Tonight, the 4H projects 165.50 and MacD is going south.
The monthly chart shows a possible $ projection to 155.50 :eek: and the indicators are heading down.
The weekly: $ is way below the lower BB ( so Iām watching for signs of possible retracement) However, STO heading down. Stock mkts all free-falling.
I am only shorting.
Still trying to locate a good COT provider that is reasonable. Gut feel that if you could see where the commercials are, might give a āheads upā that the carnage may soon end.
Today, she retraced to the 18 ema on the 4H. On the D. it was the 5 ema (176.36?). If she repeats, the 10 is 172.22 and the 18 is 174.40. These look like S.E.L orders.
Most of the time I blame myself cause nobody and nothing can make a decisions for myself. The only thing is that myself (and probably rest of you as well) are all dependant on bigger guys ths is a common sense knowledge. The fact the big guys screwed up financial systems because of their uncontrolled greed doesnāt change the fact of uncontrolled flow, whip-sawing in markets, credit freeze -all these make everyday trading impossible if not deadly risky at the best, so I donāt complain as Iām sitting on the hands now.
Was just jolling up with this bank ques
I donāt know where is the bottom and nobody knows. For now I sense some reversal and retracement, in Guppie girl 175.00 wouldnāt be a high call, then maybe another wave of a market spasm. Things wonāt get better unless lending rates will start to go down.
However I can see first silver lining in bond markets. Long term yields are going down -and the demand for them is decreasing from extremes. That could mean credit conditions maybe turning up for a while this should also send the Greenback lower (will take some USD shorts on Monday).
I agree 175 could be a sell order, but equally I wouldnāt be suprised with some trap and rapid retracements above it. See what happens on Monday opening.
GBP has broken multi-year up channel support line, so it should be tested to stay as a resistance. See attachment.
This week: 15 trades ( only G/Y ) 1 minilot ( except for 3 when I was at the computer and splurged to 2 minis).
At todayās close : $1337.30 to my account this week - with 1 trade still open (1 mini) with a 283 pip drawdown. According to my T an A it will profit soon.
14 wins. 1 still undecided. ALL trades were in one direction (short). I had been doing the " hedging -thing " you know, going both ways, and it was too scary for me ( look up āchickens**tā in the dictionary and that is my picture).
I decided that becoming a salmon in spawning time- (i.e. going against an extremely strong current)- was not for me (I read that the death rate of rate of a spawning salmon is,like, 100%). I aināt the biggest pumpkin in the patch, but I figger that aināt the best odds. So. I chose to selling.
( to PIPCRAWLER: I shall hopefully, close my last trade at a loss, cuz the forum rules state that nobody can post with a 100% win ratio:)
Pakiestra: thanks for your info. I sense ( as you do ) a reversal and retrace-
ment.The problem is WHEN. Pipcrawler gave us a helpful link that I shall be studying this weekend. If 175 is broken. then I might be a buyer.Thanks for your input to me.Hope our info exchange will assist our accounts.
My major thought: the trend is down.
AND FAT GAP UP! GJ NOW I show a close of 171.56 friday
so far today we are up to 171.96 on the ask. A nice 40 pips.
But it looks like as time goes before we open I think the gap up will grow fatter.
I am so long you dont even know! I am burried in drawdown on the demo account. I have banked about 100K in 2 weeks using standard lots and my drawdown is over 500K and I am killing them in swap. And I bet guppy eventually has to come back up.
And I should have bet the farm back at 197.00 eh? When I was saying short!
the if then then never panned out did it?
with this bank ques 
