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gatorinla Nov 6, 2008 3:54am | Post# 43701

i have been waiting for 3 days for that drop. rate cut might be what it takes to kick start it. but if rate cut is already taken in consideration. and support is still this strong then maybe whats up is down ect...my hands are covering the jewels on this one..

gatorinla Nov 6, 2008 3:57am | Post# 43702

plus oil ect. showed dollar strength

altrader Nov 6, 2008 3:58am | Post# 43703

the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.

gatorinla Nov 6, 2008 4:08am | Post# 43704

...im no expert on elliot waves but if this is what i think it is...we saw wave 1 on the move down and we are seeying wave 2 now which may retrace to 1.3000 (61.8%retracement which is common for EW wave 2) only so it drops hard from there come the ecb announcement..just a guess but a good possibility
london open and still little movement yet..oh they are saying on cnbc it might ba a whole point cut. this is like a winding a rubberband when it goes it should really run a while..still baffled

13thheaven Nov 6, 2008 4:10am | Post# 43705

it broke a little...
what then? is it trying to go up?
thx
the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.

gatorinla Nov 6, 2008 4:17am | Post# 43706

maybe the gbp is helping it some. even with a rate cut expected for the gbp its up today over 100 pips

altrader Nov 6, 2008 4:19am | Post# 43707

it broke a little...
what then? is it trying to go up?
thx
That's what I'm thinking but I'm not sure now.

SpecialEd Nov 6, 2008 4:29am | Post# 43708

Support and Resistance Indicator
 
1 Attachment(s)
This is for Traderathome, and anyone else who needs it.

Trader, I use this with your BB set-up on M5. Helps a lot with scalping.

Ed
Support and Resistance.ex4

Driver55 Nov 6, 2008 4:35am | Post# 43709

the current price action is the type of thing that annoys me. It struggles to go up and then struggles to go down. I'm looking at the 30min time frame.

The average true range on M30 time frame is = 34.

I expect it to break the 2926 level soon.

Hello everyone,
I also began to bother this kind of non-trend.
In addition, the market begins to not even make the targets more accurately.
happened yesterday .. I was expecting 3150 ... but nothing to do.
My fear is arriving tired and not concentrated where there is real movement down or up


Rabax Nov 6, 2008 4:37am | Post# 43710

I'm long two small positions at 1,2911; 1,2906; tight stop, wide TP.

We'll see what happens. It seems the bulls have a hard time pushing up today.

SpecialEd Nov 6, 2008 4:37am | Post# 43711

Looking for 2942
 

Hello everyone,



I also began to bother this kind of non-trend.
In addition, the market begins to not even make the targets more accurately.
happened yesterday .. I was expecting 3150 ... but nothing to do.


My fear is arriving tired and not concentrated where there is real movement down or up

Good morning Driver55. It got as high as 2931, but then fell back. If it's going up, 2942 would be next stop. That's the 38.2 Fib on latest retrace.

The H1 has a doji sitting there waiting on 1000gmt. If it stays in place, the next move could be bear candle down.

Driver55 Nov 6, 2008 4:47am | Post# 43712

Good morning Driver55. It got as high as 2931, but then fell back. If it's going up, 2942 would be next stop. That's the 38.2 Fib on latest retrace.

The H1 has a doji sitting there waiting on 1000gmt. If it stays in place, the next move could be bear candle down.

Morning SpecialEd,
from my point of view it is important to keep the value 2880. Until the market remains above I will continue to think long.

Edit:
Considerations made on the hour basis


SpecialEd Nov 6, 2008 4:50am | Post# 43713

Morning SpecialEd,


from my point of view it is important to keep the value 2880. Until the market remains above I will continue to think long.

We should know in 11 minutes. I agree though. I've got a trailing stop (45) that's currently set at 2886. I'll take more run-up - - - or down.

SpecialEd Nov 6, 2008 4:55am | Post# 43714

Bollinger Squeeze
 
1 Attachment(s)
I think one is coming.
Name:  chart.gif
Views: 473
Size:  15 KB

13thheaven Nov 6, 2008 5:21am | Post# 43715

timber.........
it's goin down...

SpecialEd Nov 6, 2008 5:21am | Post# 43716

Bollinger Breakdown
 
1 Attachment(s)
She's wide open Brotha. Prepare to enter the Ichimoku cloud! No trading in there.

Thanks to Traderathome and Turhovach.
Name:  chart.gif
Views: 422
Size:  16 KB

SpecialEd Nov 6, 2008 5:31am | Post# 43717

Long or Short
 
I've got a buy stop at 2906, or looking for short at 2870.

Thoughts?

Edit: I moved to 2915 entry due to impending cloud cover. Still may go either way but looking down...

13thheaven Nov 6, 2008 5:37am | Post# 43718

it's looking bearish now...
but i'm not quite sure what will happen next...

emda Nov 6, 2008 5:43am | Post# 43719

I would not trade until the asian session range is broken...

altrader Nov 6, 2008 5:46am | Post# 43720

today sux...i'm out for the day..

edit: I lost yesterdays gains for me...bah.


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