Mysticforex

Here it is 8 days later and not a single reply. THAT'S the problem.

We have all been there... it's not easy, keep pushing.

--------------------------------------------------------------------------------------------------------------------------------------- Target hit. 12700.

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

Two old men were sitting on a park bench discussing their love lives. One told the other, "I had sex with a 30-year-old three times last night!" "Wow," his friend said, "you must be using that Viagra." "Nope," the man replied, "I know a secret: wheat bread. Eat lots of it and you can make love for hours. The second man dashed off to the nearest grocery store and bought eight loaves of wheat bread. At the checkout counter the cashier said, "That's a lot of bread. It will prob-ably get hard before you're done eating it all." "Well, I'll be damned," the man said. "Does everybody know about this but me?"

Based on the information you provided in post # 8, do you have an opinion on what will play out today??? On my 4 hour chart I have the 50 SMA holding, a Doji ( in the shaded gray area ) and the stoch coming out of oversold ( also in shaded grey area ). So, perhaps a re test of 12700 ?

Ha ! went exactly where I said... after, it took out my stop.

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

The second Greek election, coming Sunday the 17th of June, has been portrayed as a referendum on the Greek membership in the euro. The election results will remain unknown until after the polls close on Sunday, and even polls of the anticipated results are now illegal. The parties who were signatories to the bail out memorandum, the New Democracy, and the Pasok Parties have been under attack from the Syriza Party. Alexis Tsipras, leader of the Syriza's, though he slams the bail out, now vows to stay in the euro.

Well this turned out to be a "5th Ave" Trade,...One Way, Downtown.

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

-------------------------------------------------------------------------------------------------------------------------------------- Open.

Both the monetary policy statement and the overnight call rate are listed as tentative sometime after 6:30 pm EST.

There was a Greek, a French and an American. The aeroplane was flying over America, and the American goes "Hey we are flying over America", the Greek and the French go "How can you tell?", the American goes "Because I can see the Statue of Liberty"... A few hours later the French guy goes "We are flying over France", the American and Greek guy go "How can you tell?", the French guy goes "Because I can see the Eiffel Tower"... A couple of hours later, the Greek guy goes "We are flying over Greece", the American and French guy go "How can you tell?" and the Greek guy goes "Because my watch is missing!"

So what's the deal folks? E/U keeps playing with the 12600 area. This weekend are the Greek Elections. Is something going on behind the scenes? Is it just short covering? Any ideas, opinions?

Here's a setup I am watching. GBP/JPY 1 hour chart.The blue TL on top of chart is from the 4 hour. The TL price is approaching now is the one hour. On a close above the 1 hr TL I will buy with TP being the 4 hour TL. I believe G/J will test 12500 if the trade opens, but since we play by the rules the 4 hour TL will be the target, say 12410 for a buffer. ( notice also that the daily pivot has not yet been hit... G/J has a high % of hitting it's pivots) Here's the chart:

Yeah... like my lettuce joke in "Joke of The Day" thread... just the tip of the iceberg. :rofl:

I let this one close out @ BE... I let self doubt creep in, and you know how the rest goes...

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

So, what are the world’s biggest debtor nations? See below to find out. 20. United States - 101.1% External debt (as % of GDP): 101.1% Gross external debt: $14.825 trillion 2009 GDP (est): $14.66 trillion External debt per capita: $48,258 19. Hungary - 120.1% External debt (as % of GDP): 120.1% Gross external debt: $225.24 billion 2009 GDP (est): $187.6 billion External debt per capita: $22,739 18. Australia – 138.9% External debt (as % of GDP): 138.9% Gross external debt: $1.23 trillion 2010 GDP (est): $882.4 billion External debt per capita: $57,641 17. Italy – 146.6% External debt (as % of GDP): 146.6% Gross external debt: $2.602 trillion 2010 GDP (est): $1.77 trillion External debt per capita: $44,760 16. Spain – 179.4% External debt (as % of GDP): 179.4% Gross external debt: $2.46 trillion 2010 GDP (est): $1.37 trillion External debt per capita: $60,614 15. Greece – 182.2% External debt (as % of GDP): 182.2% Gross external debt: $579.7 billion 2010 GDP (est): $318.1 billion External debt per capita: $53,984 14. Germany – 185.1% External debt (as % of GDP): 185.1% Gross external debt: $5.44 trillion 2010 GDP (est): $2.94 trillion External debt per capita: $51,572 13. Portugal - 223.6% External debt (as % of GDP): 223.6% Gross external debt: $552.23 billion 2010 GDP (est): $247 billion External debt per capita: $51,572 12. France – 250% External debt (as % of GDP): 250% Gross external debt: $5.37 trillion 2010 GDP (est): $2.15 trillion External debt per capita: $83,781 11. Hong Kong – 250.4% External debt (as % of GDP): 250.4% Gross external debt: $815.65 billion 2010 GDP (est): $325.8 billion External debt per capita: $115,612 10. Norway – 251% External debt (as % of GDP): 251% Gross external debt: $640.7 billion 2010 GDP (est): $255.3 billion External debt per capita: $137,476 9. Austria – 261.1% External debt (as % of GDP): 261.1% Gross external debt: $867.14 billion 2010 GDP (est): $332 billion External debt per capita: $105,616 8. Finland – 271.5% External debt (as % of GDP): 271.5% Gross external debt: $505.06 billion 2010 GDP (est): $186 billion External debt per capita: $96,197 7. Sweden – 282.2% External debt (as % of GDP): 282.2% Gross external debt: $1.001 trillion 2010 GDP (est): $354.7 billion External debt per capita: $110,479 6. Denmark – 310.4% External debt (as % of GDP): 310.4% Gross external debt: $626.1 billion 2010 GDP (est): $201.7 billion External debt per capita: $113,826 5. Belgium – 335.9% External debt (as % of GDP): 335.9% Gross external debt: $1.324 trillion 2010 GDP (est): $394.3 billion External debt per capita: $127,197 4. Netherlands – 376.3% External debt (as % of GDP): 376.3% Gross external debt: $2.55 trillion 2010 GDP (est): $676.9 billion External debt per capita: $152,380 3. Switzerland – 401.9% External debt (as % of GDP): 401.9% Gross external debt: $1.304 trillion 2010 GDP (est): $324.5 billion External debt per capita: $171,528 2. United Kingdom – 413.3% External debt (as % of GDP): 413.3% Gross external debt: $8.981 trillion 2010 GDP (est): $2.173 trillion External debt per capita: $146,953 1. Ireland – 1,382% External debt (as % of GDP): 1,382% Gross external debt: $2.38 trillion 2010 GDP (est): $172.3 billion External debt per capita: $566,756 The World’s Biggest Debtor Nations was provided by CNBC.com

Welcome to the TL community Simon Joseph !

With practice, the Greek's are becoming more efficient, with their elections anyway. The May 6th elections cost €50m and the new one is scheduled to cost only €35. The savings comes as the interior minister will now accept voting results by fax, rather than the more expensive telegrams. This may be the only good news coming from Greece.

Certainly sounds worth looking into.

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

IMHO... the best way to gain success as a trader is to develop an edge, My edge is confidence. For me confidence is gained by playing out a setup or scenario so many times via backtesting, forward testing, and live testing, that I have a reasonable expectation of how my trade should play out. With this edge I can eliminate, or at least greatly reduce the tendency to cut my profits short, or, let my losses run.