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  • #1,121
  • Feb 5, 2008 2:34am Feb 5, 2008 2:34am
Quoting notouch
5 sma not ema. The sma5 is currently above the session pivot so if the indicators turn down and price moves back below the session pivot we're ready to short.

p.s. fxlane can you not flood the thread with chit-chat because some of us are trying to learn this system. There are other threads for general chit-chat.
Maybe I have my values wrong for the pivot. But after changing mine after London opened, my daily pivot for the London session is at 211.07, my 5sma on my Daily chart is at 210.46
  • #1,122
  • Feb 5, 2008 2:37am Feb 5, 2008 2:37am
"flood the thread with chit chat"...... damn......

So, FX, how you doing today ? How's you mom ?

easy guys.
Lets not let this turn into the other Aus thread here.

FX, it's all over the map today.
Indicators say one thing..... hunches say another....

211.49 is a strong S/R point.
Even though most indicators say UP, I'd only use that for scalping purposes.

I think she'll get down to 209-208 area before a retest of 214, with a break of that, 217 is free money.

She's just hanging out too much it seems. Something not right about that.
Not enough momentum either way and I think the 212 area is stronger S/R.

If she gets up and breaks R2, well, shorts should get kinda nervous.

WE also have news in an hour.
If it comes in more negative than expected, we'll see down for sure.

The last two days have been boring, pressure cooker days, where you never know when you get into a trade, if it's GONNA go your way or turn around and hit your SL.

Patience is the key.

Don't jump into a trade just to be in one or have that feeling you missed something when it jumps one way or another.

A miss opportunity is better than a Negative one.
  • #1,123
  • Feb 5, 2008 2:46am Feb 5, 2008 2:46am
Quoting kujo17
"flood the thread with chit chat"...... damn......

So, FX, how you doing today ? How's you mom ?

easy guys.
Lets not let this turn into the other Aus thread here.

FX, it's all over the map today.
Indicators say one thing..... hunches say another....

211.49 is a strong S/R point.
Even though most indicators say UP, I'd only use that for scalping purposes.

I think she'll get down to 209-208 area before a retest of 214, with a break of that, 217 is free money.

She's just hanging out too much it seems. Something not right about that.
Not enough momentum either way and I think the 212 area is stronger S/R.

If she gets up and breaks R2, well, shorts should get kinda nervous.

WE also have news in an hour.
If it comes in more negative than expected, we'll see down for sure.

The last two days have been boring, pressure cooker days, where you never know when you get into a trade, if it's GONNA go your way or turn around and hit your SL.

Patience is the key.

Don't jump into a trade just to be in one or have that feeling you missed something when it jumps one way or another.

A miss opportunity is better than a Negative one.
True that, and thanks for the words of wisdom. I'd rather miss atrade today than be on the wrong side of the market. I guess I'll wait for the news in less than an hour."Patience is the key"
All the best things in life are free.
  • #1,124
  • Feb 5, 2008 2:49am Feb 5, 2008 2:49am
Quoting Nobitacu
Maybe I have my values wrong for the pivot. But after changing mine after London opened, my daily pivot for the London session is at 211.07, my 5sma on my Daily chart is at 210.46
Your pivot is right but I think your sma5 is wrong. Are you using MT4? If so the daily indicators are always messed up because of the Sunday data. In VT the sma5 is currently around 210.75 so we'd have to wait for price to go below that before shorting.
  • #1,125
  • Feb 5, 2008 2:52am Feb 5, 2008 2:52am
MT4 5SMA open is 210.75 and close is 210.90
  • #1,126
  • Feb 5, 2008 2:57am Feb 5, 2008 2:57am
Quoting kujo17
"flood the thread with chit chat"...... damn......

So, FX, how you doing today ? How's you mom ?

easy guys.
Lets not let this turn into the other Aus thread here.

FX, it's all over the map today.
Indicators say one thing..... hunches say another....

211.49 is a strong S/R point.
Even though most indicators say UP, I'd only use that for scalping purposes.

I think she'll get down to 209-208 area before a retest of 214, with a break of that, 217 is free money.

She's just hanging out too much it seems. Something not right about that.
Not enough momentum either way and I think the 212 area is stronger S/R.

If she gets up and breaks R2, well, shorts should get kinda nervous.

WE also have news in an hour.
If it comes in more negative than expected, we'll see down for sure.

The last two days have been boring, pressure cooker days, where you never know when you get into a trade, if it's GONNA go your way or turn around and hit your SL.

Patience is the key.

Don't jump into a trade just to be in one or have that feeling you missed something when it jumps one way or another.

A miss opportunity is better than a Negative one.
Hi there,
What is the number of resistence level R2? May be 212.25?
Thanks!
  • #1,127
  • Feb 5, 2008 3:08am Feb 5, 2008 3:08am
Quoting notouch
Your pivot is right but I think your sma5 is wrong. Are you using MT4? If so the daily indicators are always messed up because of the Sunday data. In VT the sma5 is currently around 210.75 so we'd have to wait for price to go below that before shorting.
Yup, I'm using MT4, and my sma 5 is closed, currently at 210.48, using IBFX as broker.
  • #1,128
  • Feb 5, 2008 3:12am Feb 5, 2008 3:12am
Quoting marcb
Hi there,
What is the number of resistence level R2? May be 212.25?
Thanks!
R2 is 212.04
  • #1,129
  • Feb 5, 2008 3:22am Feb 5, 2008 3:22am
emm EJ falling down.. may Yen pairs follow too...
yehh GJ hit 50ema 1H
make your life smile & simple
  • #1,130
  • Feb 5, 2008 3:25am Feb 5, 2008 3:25am
Quoting kujo17
R2 is 212.04
Do you think it will go down to 208.20 (fibo) or it will just go to 209 and then bounce off to 217?
  • #1,131
  • Feb 5, 2008 3:30am Feb 5, 2008 3:30am
Quoting marcb
Do you think it will go down to 208.20 (fibo) or it will just go to 209 and then bounce off to 217?
emm what i look the price will go down to 100sma H4 (as a TP, open post n Support) if the price break (open price below) 50ema H1
make your life smile & simple
  • #1,132
  • Feb 5, 2008 3:57am Feb 5, 2008 3:57am
Quoting marcb
Do you think it will go down to 208.20 (fibo) or it will just go to 209 and then bounce off to 217?
Givin up trying to figure her out today.
2am and I'm beat.... off to bed.

We just have to worry about all this US news in the am.
IF it's all positive, the Dow could rally and send her North......
IF it's not all positive and the Dow drops, so does the GY usually.

So, tonight's a crap shoot.

208.21 is S3.... if she's get there, I'd be surprised, but who knows these days.

Good night and good luck all. Patience and good trading.
  • #1,133
  • Feb 5, 2008 5:35am Feb 5, 2008 5:35am
that wasn't bad got out just now waiting for the new york now. but I think things will start shaping up after the release. thats my view and I could be wrong just trade what u see.
All the best things in life are free.
  • #1,134
  • Feb 5, 2008 8:17am Feb 5, 2008 8:17am
I was so wrong
All the best things in life are free.
  • #1,135
  • Feb 5, 2008 8:22am Feb 5, 2008 8:22am
I stick to my greedy 188.60 TP Is there anyone else on the dark side ? http://emoticons4u.com/violent/sterb029.gif
http://www.forexfactory.com/%5Bimg%5....gif%5B/img%5D
  • #1,136
  • Feb 5, 2008 8:46am Feb 5, 2008 8:46am
When was the last time there was a 15 minute signal on the US session? Well we have one now. At 0845 Est I had a close below the 60 and daily sma's and a close below the pivot while the price was already below the stp lvl. It dropped almost a hundred pips after that. It is headed towards S1.. As long as the futures market keeps going south It may reach.

The Beggar
  • #1,137
  • Feb 5, 2008 8:57am Feb 5, 2008 8:57am
anyone seem where this south strike could end..seem s2 able to bounce
  • #1,138
  • Feb 5, 2008 9:12am Feb 5, 2008 9:12am
Quoting ammaramani
anyone seem where this south strike could end..seem s2 able to bounce
Add 1 more vote to S2, also the 38,2% is in those levels
  • #1,139
  • Feb 5, 2008 9:43am Feb 5, 2008 9:43am
hey guys

are you saying it will bounce off the 209.27 area or break it

cheers
  • #1,140
  • Feb 5, 2008 11:29am Feb 5, 2008 11:29am
If the Dow doesn't rally at all, I'm TP'ing at 208.40.
Just a hair above S3 at 208.21

Glad I stuck to my 'short' guns when I went to bed at 2:30am PST....

Now, figuring things out the next day or two will be fun.
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