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- RsX replied Apr 11, 2014
Nice one, better have locked in the profit tight.. Intraday demand about to step in here at this potential 4740-60 confluence... based on H1. Overlaps intraday area, which shows at 4750-60 specifically.
- RsX replied Oct 2, 2013
H4 now closed, well inside 3580-3600... below prior high. Long upper wick. Also on H4, 3 consecutive slight ("weak") HH-s. Bulls tighten up.. EDIT: updated visual, to go along with that. image
- RsX replied Oct 2, 2013
No... (bull+bear)*pig = Bull*pig + bear*pig Algebra.
- RsX replied Oct 2, 2013
3570's out of play, due to H1 close. Nothing to do now but to observe next H4 inside 3570-3600. Prior one was inverse hammer, that's now negated. This may still be a washout move... until H4 (or even the hourly) closes > 3600 - then 3660-80 will be ...
- RsX replied Oct 2, 2013
Easy for you to say... you've got a free ride+ myriad of older gains running by now Since I can't long, watching market structure to unfold into a short, all I can do. BUT - all fingers crossed 4 you nevertheless
- RsX replied Oct 2, 2013
Ya, no trade attempts either, just observing the reaction and awaiting for proper intraday pattern(s) short, if any. haven't had a solid long pattern sequence either inside this mess from yesterday... so the more suspicious the move. Let the market ...
- RsX replied Oct 2, 2013
~3570 area crucial here.. Yesterdays PA showed it's likely to see ~3450 (or below) first - before it gets to 3660-80. The current vertical is probably just a proper washout, prior to the intended reversal - too much early bears were on board. ...
- RsX replied Oct 1, 2013
Same tune here, the current high's suspicious. Needs one more intraday leg (5th since yesterday's lows) to HH 3590+. THAT rejection would be the highest odds setup. Eyeballing 3545-3550 as intraday key here myself. Good place for quick intraday ...
- RsX replied Oct 1, 2013
No big buyers at current levels. Using the current retail demand, insti's covering 28xx / 31xx longs. And/or, opening shorts. All the way up to 3660-80.
- RsX replied Oct 1, 2013
Feels like it took ages. Decision time. Also a TL-s crossing here (broken multiweek uptrend + channel). Key is how intraday 3580-90 gets treated. Dowside obviously strongest st R/R as well as momentum potential at this point.... see if PA agrees and ...
- RsX replied Sep 30, 2013
They still want the HH into ~3580.. key determination point, thus a magnet. Watching for the possible 5wave completion, depending on PA upon hitting there. In all cases, makes it there or not, 3470-90 break fully confirms ~3380 tgt (or lower). HH ...
- RsX replied Sep 27, 2013
Good ones. They're objective. Overall - trading on top of what you feel, think and believe is the best recipe for a proper disaster cake. Oh, and... don't forget arrogance, the cherry on top. Have a good weekend all.
- RsX replied Sep 27, 2013
Ali, thanks. I'm observing with less precision - 3540-55 overall on M15 close basis, so far it's resisting. But will remember the 3537 remark. Done for the week though, as I didn't spot a reentry opportunity with good enough R/R, besides it's ...
- RsX replied Sep 27, 2013
Week's plan fulfilling.. just had to put in a deep wipeout of wednesday's longs (incl mine), and drag more stubborn bears in, for the proper upside fuel.. ~20pips off that target zone now.. Oh well. Hope the bears are having a "blast". Looking for ...
- RsX replied Sep 27, 2013
Update: image 3499-3505 is intraday key area. 3475-80 break confirms 2nd wave (abc) completion. 3500-3530 zone proved resistance to daily bars thru Wed-Thu, again - as has the daily inverse hammer bar at the top. Yesterday also broke the multiday ...
- RsX replied Sep 26, 2013
Speaking of waves... intraday structure, worth observing: image
- RsX replied Sep 26, 2013
Yes I meant BE+spread, of course.. but the 7p sure is a killer spread.. I mostly have 0.5-1 pip, but then again, I also have round-trip commission.. Very much agreed, my main preference is 5th wave reversal, OR 2nd wave completion/continuation into ...
- RsX replied Sep 26, 2013
ali, your sl from 3465 L @ be now or still initial?
- RsX replied Sep 26, 2013
stopped BE+3.. hit the 78% now (3478), so free to wash to the upside without me now. If it is a retrace, it's way deeper than trade plan incorporated. week's trade plan was supported as strength came in from 3455-70.. it's tgt at 3580-3600 still ...
- RsX replied Sep 26, 2013
whooh.. thist post-news volatility is "amazing"...