Dislikedagreed
hi mike
how r u budd???
where were you in last days????
wish the best for youIgnored
On another note, how has everyone been? I hope you all great and your trading is going just as good!
I dream, therefore I become.
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Questions About Auslanco's Trades 72 replies
Dislikedagreed
hi mike
how r u budd???
where were you in last days????
wish the best for youIgnored
DislikedAs soon as we start moving downwards, everyone starts yelling to short to insane levels. Look to the higher timeframes - we had a double low higher close on the weekly. That is telling us that this is just a retracement in order to gain more buyers into the market for another burst upwards. Just like Orionsway has been talking about time in conjuction with price, this is exactly that happening right now. Price is gearing up. Without gearing up, you would never get a large move - I just hope your all on the right side of it. Have a good one everybody.Ignored
Dislikedlets see d new 4hr MOM, it may just be a 4hr 5sma retracemwnt, still waiting, 10minsIgnored
DislikedAs soon as we start moving downwards, everyone starts yelling to short to insane levels. Look to the higher timeframes - we had a double low higher close on the weekly. That is telling us that this is just a retracement in order to gain more buyers into the market for another burst upwards. Just like Orionsway has been talking about time in conjuction with price, this is exactly that happening right now. Price is gearing up. Without gearing up, you would never get a large move - I just hope your all on the right side of it. Have a good one everybody.Ignored
DislikedNot trying to be a contrary to your view but both sides of this coin can be played. Last week when price was going up everyone was talking about going long to insane levels. Higher time frame charts look very bearish to me but unless we can break this t/l at 205.60 area I don't see this falling.....today. Fundamentals just don't support any big moves up right now; dollar is weakening again, oil is skyrocketing, subprime is really starting to hit europe. Just my humble opinion.
Don't really care which way it goes as long as it goes.
Good trading to you.Ignored
DislikedNot trying to be a contrary to your view but both sides of this coin can be played. Last week when price was going up everyone was talking about going long to insane levels. Higher time frame charts look very bearish to me but unless we can break this t/l at 205.60 area I don't see this falling.....today. Fundamentals just don't support any big moves up right now; dollar is weakening again, oil is skyrocketing, subprime is really starting to hit europe. Just my humble opinion.
Don't really care which way it goes as long as it goes.
Good trading to you.Ignored
DislikedOh yeah!!! haha I'm loving that photo Warta!
I don't disagree that we could move down slightly more before continuing up however. 203.50 though, that would give us a triple bottom in price which I'm unsure would happen.
For everyone that is short, where would you see price moving to after this 203.50 level? I'm always liking to get different viewpoints on trades to expand my thinking on it. Shorts, would you also disagree about the longer timeframe setup or are you trading on shorter timeframes so the longer really wouldn't take hold by the time you get out? Also, we have a solid support level in the 204.50 area that should be noted of, but at the same time the top of the range on the daily is acting as resistance at around 208. 2 things happen from there - 1) continue in the range or 2) Breakout. Does anyone think it would be a good idea to have entry orders on either of these sides and wait for the trade to come to you? I personally do. Let me know your thoughts ladies and gents. :hypnotized: <--- P.S. the new smileys really are fun lolIgnored
DislikedI hear ya Rusty and thanks for the input man! I've tried to get into the fundamentals of it all but that just contorts my original thoughts to nothing and then I lose lol I agree with all the situations that you mentioned but in any case with the dollar weakening and the subprime mess hitting europe, wouldn't that mean that both the gbp and usd are going down the drain? If so, then I definitely agree with a very large drop coming in the future to create lower lows. I've agreed with that for a while now, but I do also have trust in my technicals which, at the moment, are giving me convictions of price getting to 210 in order to load up the shorts again for the drop. We all know that technicals can give out at any moment though, and so I won't get married to any position, but I will let it ride when it comes to me. And again, thanks for the input man! It's always good hearing from someone that knows a lot about something that I don't know much about.Ignored
DislikedOh yeah!!! haha I'm loving that photo Warta!
I don't disagree that we could move down slightly more before continuing up however. 203.50 though, that would give us a triple bottom in price which I'm unsure would happen.
For everyone that is short, where would you see price moving to after this 203.50 level? I'm always liking to get different viewpoints on trades to expand my thinking on it. Shorts, would you also disagree about the longer timeframe setup or are you trading on shorter timeframes so the longer really wouldn't take hold by the time you get out? Also, we have a solid support level in the 204.50 area that should be noted of, but at the same time the top of the range on the daily is acting as resistance at around 208. 2 things happen from there - 1) continue in the range or 2) Breakout. Does anyone think it would be a good idea to have entry orders on either of these sides and wait for the trade to come to you? I personally do. Let me know your thoughts ladies and gents. :hypnotized: <--- P.S. the new smileys really are fun lolIgnored
DislikedDaily MACD already cross down....like before...drop 700 pips within one day...Ignored
DislikedI'm loving your analysis Jim! That's exactly what's happened/happening IMO. Great stuff!Ignored
DislikedTechnically: rejection of 208.50 area, many tries since beginning of March. If you take a look at daily chart at beginning of March the same pattern is emerging.
Bullish at beginning of month ( lot of this has to do with money flowing into investment accounts ) kind of like the littl choo-choo that tried then we had a nice bear run down to 192.50 area. If and I mean IF we break 199.00, I see retesting the lows at 192.50 area if not lower.
Fundamentally: I believe the catalyst for this will be retailers earnings next week. They will be in the toilet.
Just my very humble opinion.Ignored
DislikedOh yeah!!! haha I'm loving that photo Warta!
I don't disagree that we could move down slightly more before continuing up however. 203.50 though, that would give us a triple bottom in price which I'm unsure would happen.
For everyone that is short, where would you see price moving to after this 203.50 level? I'm always liking to get different viewpoints on trades to expand my thinking on it. Shorts, would you also disagree about the longer timeframe setup or are you trading on shorter timeframes so the longer really wouldn't take hold by the time you get out? Also, we have a solid support level in the 204.50 area that should be noted of, but at the same time the top of the range on the daily is acting as resistance at around 208. 2 things happen from there - 1) continue in the range or 2) Breakout. Does anyone think it would be a good idea to have entry orders on either of these sides and wait for the trade to come to you? I personally do. Let me know your thoughts ladies and gents. :hypnotized: <--- P.S. the new smileys really are fun lolIgnored
DislikedWell, we should combine our analysis, because I think I suck at technicals.
Although, and this may sound a little off the wall, I would like to see Orionsway planet charts, that I do believe has a lot more to do with the markets than a lot of people believe.
Price, time and lastly to me is motivation. What motivates price to move at a certain time, other than order fulfillment.
Trader sentiment ? Risk appetite/aversion ? Gann cycles ?
Still my learning curve .
I have always followed your analysis bro keep up the good work !
Ignored