Good plan, don’t think that she has time to read your thread (she’s probably,too busy jumping up and down the $ scale trying to scorn as many traders as possible).
D TL from 10/20 to 10/30 is down ( when extended to today the High $ hit it and then dropped. There is a double bottom (138.99 on the 24th Oct and @138.85 on the 13th Nov). Might be a plan to wait and trade a break lower, cuz all TLs, EMAs are down.
As for “Art”, I believe he has made so much money that he is hobnobbing with Charles and the Royals in London and no longer has time for us “commoners” .Or worse- he may have deserted to another G/Y thread!
Take heart Triple R the prophet is always shunned in his own country.
No, Triple R, the 151 was a sell entry limit (S.E.L) in case there was a plethora of optimism on the part of traders who felt that yesterday’s rise was a sign of a bottom and if $ got that high, the shorts could have made a tidy sum.
M2P I think posted that he made 11K trading E/Y? then lost 8K on guppy? on a previous post. E/Y (the yuppy)and guppy have similar charts.
The things that have helped me most in the last 6 weeks weeks have been upper and lower channel lines , TLs and ema’s on the M W D charts (Bollinger Bands on the 4H were good to make entry points).
I have mentioned several times about the brilliance of your system. It works in the uptrend (esp. with high interest rate differences). Now it is a global downtrend, in order to survive, one must adapt( or perish). The brilliance is that it goes both ways ( you now short instead of long).
For a time being I’m giving up mY short Guppy heresy:D
But this is going to last only a couple of days. Fundamonals (reads G20 meeting over this weekend) is going to prop up melting markets for a few days. I bet the fat cats are going to announce:
"Please be happy all over, here you have tax rebates folks, there is no fear. This time we’ll just peel your rind a bit thinner so you won’t freeze to death this winter"
In other words I can see a kick and a knee-jerk reaction in markets for a day or day or two which will create a perfect rally to sell. Now I’m away from shorts cause I will have them from a higher level (I hope):o
Come on Mates
Please don’t put me in the same box with these useless costly royal freaks - I’m not a king-size, rather pint-size (or maybe two pints, cause one doesn’t make a difference to me) so I won’t fit their royal box.
And on top of that you accuse me of such a low instincts. What a one can expect of these rebel colonists :D:D:D
I feel for you in london. I tell you once guppy figures out what I am doing
and that I am short she is going to pee her pants!
beware though she thinks I am lieing trying to trick her! So byt he time she realizes I am short for real and really have bailed out on the always long guppy strategy for now she will turn on me on a dime and try to run me over like she often does. But I can turn on a pinhead!
And once she gives up trying to beat me, she will go bACK TO HER OLD BUSINESS, OF UP UP UP AND UP, This may not be until 2010.
In order to make money with the old only long srategy, I am going to have to find a borker with better swap rates and or reduce my leverage.
on fxsol at least the swap cHANGES based on leverage. I may need to go to
100:1 or even 50:1 to resume the old strategy, which means I need some cash to refund my account.
I have been trading mt4 thru FX pro, very nice charts and platform is awesome. You can hold base currency, in several different currencies.
You can take profits in the currency you are trading or have them converted to your base.
I really like MB but they need to get a grip on making their platform userfirendly.
I have traded so many platforms over the years, I am so tired of learning new ones.
Not that everyone has the land to do this, but right now I am working on my
forestry plan for the next year, I will start my seedlings very soon.
I need to buffer some of these oaks with some black walnuts.
If I had a penny for every Oak acorn I have I would be a billionaire!
And on top of that you accuse me of such a low instincts. What a one can expect of these rebel colonists D:D[/QUOTE]
Art: we weren’t “accusing”, merely, speculating. “Rebel colonist”? glad you don’t think that I’m Aussie!!!
You and I are on the same page wrt the G20, I’m out this weekend also. Could this be a “buy the rumour, sell the news” scenario?
Thought for the day; Are these not the same leaders who were leading as we entered this abyss?
Just remember, that whether $ goes up or down, T an A is a compass to point you in the direction and gives road signs ( caution, curve ahead, bridge out, etc.) but you have to be able to read!
Gonna go and stand before my picture of HRH and sing the "God Save…"
Art, that is the secret to the GBP’s return to glory!
looks liek guppy is headed up for now from fridays close,
beware though I suspect still she will fall.
The double bottom noted by AL is noted we may run down that far to test that and in the LT I expect still to make new lows!
You have two cows.
You sell one, lease it back to yourself and do an IPO on the 2nd one.
You force the two cows to produce the milk of four cows. You are surprised
when one cow drops dead. You spin an announcement to the analysts stating
you have downsized and are reducing expenses.
Your stock goes up.
But in the end it is bull TRAP! Dont be fooled, Al and Paki are right on,
and guppy has not yet learned to defy them as she defies me!
Maybe she will rise from here a bit LOL BEFORE she crashes again hard.
but dont count on it! Unless BOJ does something which at this point is ALMOST a forgone conclusion
