EURUSD 200-pip rally possible! :)

[Trader02]

For soulTrader2004:

A few days back you asked me/said to me, "do you really think that the market cares about some trendline or line you draw on a chart?"

I would like to answer that now with a live example.

And would like to add, in a similar vein to the movie with Berenger and Sidney Poiter ("does this kind of sh*t happen everday? .... every damn day"!

..... yes, yes, yes, same sh*t, different day. the market does this every damned day but only a few have listened. Mick Mason is one and I'm the second.

Exhibit A: EURUSD 15-min. chart shown bare to hide my other secrets but the basics are resoundingly clear -- trendline and Fib S/R.

And look where she stopped! And look where she's going?

Now if she does go to 261.8% and stop, correct or reverse -- or to 423.6% (not shown), are we all going to just pretend TA is hogwash when this sort of stuff is same sh*t, different day?

But wait, it gets better -- where is 261.8%? Why, its at exactly 3044, which you will see clearly in my thread that it was my previous rally target -- hit and achieved. And this current move wasn't even in the cards yet. Such my friend is the depth and level of "miraculous intervention" when it comes to TA -- a subject of some science but profound ART -- a thrill to the soul and mind.

[Soul-Trader2004]

yawn ... ever had deja-vu?

been there done that got the t-shirt

if you are still using it in a year i'll be amazed.

mind you, it's true - if i put fibs, pivots, camarillas, trendlines and support and resistance on my chart - somewhere they will work.

The trick is not knowing what the rest of the assholes are doing - it's making money consistently.

you still think you can predict the market - and you can't.

waste of time me saying anything at this point - you don't know what you don't know and you are invincible when one of them works.

let's see you do it day in day out - when you make money 10 straight months out of 12 you can start to relax - just a little

ps, when does the end of that trendline become broken?? - because at the beginning its to the pip and at the current end it looks like they are having a party!

pps - the market has a habit of humbling those who are invincible - be careful out there.

[Trader02]

Originally Posted by Soul-Trader2004

ps, when does the end of that trendline become broken?? - because at the beginning its to the pip and at the current end it looks like they are having a party!

On the chart I sent you, immediately to the right of that last bar shown is the area I took profit on all EURUSD Long positions (see my thread for exact exits, 2983 I believe) -- the first nicks of the trendline were warning, but the repeated occurrence was the time to evacuate.

But the uptrend is OK; its just searching for the next uptrendline and when it finds it we continue higher.

--------------------------------------

[MickMason]

Originally Posted by Soul-Trader2004

yawn ... ever had deja-vu?

Yup, every time this subject is raised

Originally Posted by Soul-Trader2004

you still think you can predict the market - and you can't.

It's called probability not prediction.

Originally Posted by Soul-Trader2004

let's see you do it day in day out

With terminal boredom, for the past 10 years give or take.

Ok, let's say for a second none of this 'works', what is your alternative? An automated system? Based on what? Fundamentals? Momentum?

[Trader02]

Originally Posted by Soul-Trader2004

waste of time me saying anything at this point - you don't know what you don't know and you are invincible when one of them works.

Just to let you know, the "how to replicate success even when you're not feeling good" hit home. Its opened up the existence of a new plateau, but the how, or what's there etc., I don't know.

[Trader02]

[quote=MickMason]

With terminal boredom, for the past 10 years give or take.

quote]


10 yrs. in Forex Mick or did you trade futures and stocks too?

[Soul-Trader2004]

Hi Mick, very interested in that post too - ok, youve been trading 10 years - are you saying youve done all 10 years on discretion using trendlines and fibs? and consistently made money month in month out?

seriously very interested and not taking the pi$$

[Soul-Trader2004]

ps - if you like chart patters youve just got to get hold of the new interbank market scanner!