When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #19,721
- Mar 24, 2010 3:02am Mar 24, 2010 3:02am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
- #19,723
- Mar 24, 2010 3:13am Mar 24, 2010 3:13am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
ohh, what a nice sight to come back to! I've closed the trade at 9133 (old weekly pivot). She very well may continue but the risk is not worth it to me.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
One final batch open tp for time being. Will reshort more aggressively once 9080 goes decisively. - #19,725
- Mar 24, 2010 3:31am Mar 24, 2010 3:31am
- | Joined Apr 2008 | Status: Trader | 7,674 Posts
MA's support on the daily and 4hr at 9108. Caution!!! May reverse
- #19,727
- Mar 24, 2010 3:43am Mar 24, 2010 3:43am
- Joined May 2006 | Status: Still here. | 2,602 Posts
Evaluate as it goes along better. Even if 9110 holds and rebound, failure to form shs does not mean we will head for 9310. Another possibility is a diamond top. with failure around 9220-9230s for the rebound from 9110
A few hours ago I was targeting lows as first TP and 9020 as possible rebound from SMA34 on Daily chart, but I saw a different picture evolving. The failure to form H&S has nothing to do with it, BUT the "M" bullish pattern does. 9310 would be the 127.2 extension of wave 3 on H4, though it also could bounce (again!) from 9175 (erikte's magic number, lol) which would also be the upper actual DTL, break it but make a double top at 9196, or indeed reach Daytrader's 9230... Besides, this is about the time of the day where direction usually reverses.
And... today is Wednesday.
- #19,728
- Mar 24, 2010 3:47am Mar 24, 2010 3:47am
Indeed that's what I try to do
Interesting issint it?
Lower protective stops on balance shorts down to 9140. If we stage a strong rebound from here, we could test 9190s again (being D leg of a triangle in intra day charts) ? and a break upwards above 9200 still will be a warning for 9310 and above to come.
However, looks like one more low below 9105 before sustainable rebound. Thats where I will be covering remaining shorts. Will only consider reshorting if breaks below 9080 decisively.
- #19,730
- Mar 24, 2010 4:48am Mar 24, 2010 4:48am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Nothing worth having is easy.
- #19,731
- Mar 24, 2010 4:48am Mar 24, 2010 4:48am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Dose anyone know where Jesus is ??
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #19,732
- Mar 24, 2010 5:01am Mar 24, 2010 5:01am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Not sure if anyone is interested in this kind of stuff 
but yesterday I was messing around while waiting for the market to move and came across an interesting recurring "event".
Go back through history and take a look at the 5pm est candle on the 4hr chart. Most of them are negative candles. Someone out there will probably find a way to trade this. Might be an idea for someone putting together a "1 pip system".
Cheers
but yesterday I was messing around while waiting for the market to move and came across an interesting recurring "event". Go back through history and take a look at the 5pm est candle on the 4hr chart. Most of them are negative candles. Someone out there will probably find a way to trade this. Might be an idea for someone putting together a "1 pip system".
Cheers
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #19,737
- Mar 24, 2010 6:38am Mar 24, 2010 6:38am
what's your TP target blurbear?
i reckon 9090 won't hold for long, but US news is a wildcard in 30 mins
If we break down to test 9080s... failure upon backtest of 9110-15 will favour move towards 9020s, 8980s, 8830s IMHO.
I maybe wrong, but looking at Eur, I think high possibility 88xx. I suggest if you are still holding short, move your stops progressively lower as it trends lower.
Posted earlier
Just a floating TPs, evaluate it as it gets nearer, depending intra day waves setup and potential pattern setups.
I maybe wrong, but looking at Eur, I think high possibility 88xx. I suggest if you are still holding short, move your stops progressively lower as it trends lower.
let's see what happens in 10 mins