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  • #1,461
  • Feb 14, 2008 1:56am Feb 14, 2008 1:56am
Been recovering from a seriouse blow last week. this session with no news from new york or london she looks a bit lazy. I don't like markets like this. Oh! don't get me wrong I don't play with unreleased major news they almost took me out. But we all know what psychology does to the move" little bit of momentum and we are going". I took my time to find a slot for qqe on my strategy and it now does wonders. Big thanks to kujo and sith Lord
All the best things in life are free.
  • #1,462
  • Feb 14, 2008 2:39am Feb 14, 2008 2:39am
my indicator showing that 203.50 is good for short entry... any opinion because this beast showing it could able reach 213.85 (daily TL1)..
  • #1,463
  • Feb 14, 2008 2:42am Feb 14, 2008 2:42am
FX,

Sorry to hear about your beat down.
I was there 2 times myself in the last 6 weeks.
I rethought my strategy and mind set and the last two weeks, I've done a 10% + profit everyday.

You'll turn it around.

I'm riding around 3 shorts, that were well into profit on Sunday night.
Was going to ride them from 209 to 206.
Bottomed out around 207.3 or so on Monday am when Buffets news rallied the Dow and GJ went UPPPPPPP to 211-212.

Well, stupid me had no Buy Stop set to protect.
Nor did I have Trailing stops on.

I live in PST..... I got up at 7am with my son and it was 3 hours worth of damage.

BUT, you be patient and stick to your guns and work it out.

IF I can ride these shorts and their hedges out and clear the decks by Friday am, I'll have my biggest week to date. BUT, patience and hard work is the key.

Well, lets hope that 213.55 was the top of this push up.
213.99 would have been a full 100% retrace up to the previous HH before the last drop.

I'd hope a drop to the 211 area. More if we're (I'm) lucky.

BUT, also, Saturday all the Options Expire.
Dow could TANK on Tuesday. (monday is holiday in US)

So, the next few days will be very, very interesting.

Don't let your guard down for one second.

Learn from your mistakes. We all have.

Cheers and Pips to all.

Gonna see if she continues to drop and then off to bed.
4am last night was dumb !!!!

kj
  • #1,464
  • Feb 14, 2008 3:04am Feb 14, 2008 3:04am
Current price is 213.58 (currently making session highs).

213.50 - 214.10 is very strong bear resistance. I see limited bull movements up now. Our recent high on 25th Jan is 214.04 - we may see a break of this price by a few pips and then pull back (at the extreme bull moves). At the moment 213.50 - 85 area is first strong resistance and holding the bulls back.

On the charts QQE5 1h and 15M are still bullish. If the bulls cannot bust through 213.53 - 214.10 you will see the bears return in favour. I will update if anything changes.

Any break of 214.10 and I will need to analyse charts again.

Quoting kujo17
Well, lets hope that 213.55 was the top of this push up.
213.99 would have been a full 100% retrace up to the previous HH before the last drop.
  • #1,465
  • Edited 3:40am Feb 14, 2008 3:26am | Edited 3:40am
SL & K nice TA.
Daily momentum shows down action in NY session. Will see ... maybe 50% retrace will start?!
It’s just emotions & money
  • #1,466
  • Feb 14, 2008 3:36am Feb 14, 2008 3:36am
Quoting Sith Lord
Current price is 213.58 (currently making session highs).

213.50 - 214.10 is very strong bear resistance. I see limited bull movements up now. Our recent high on 25th Jan is 214.04 - we may see a break of this price by a few pips and then pull back (at the extreme bull moves). At the moment 213.50 - 85 area is first strong resistance and holding the bulls back.

On the charts QQE5 1h and 15M are still bullish. If the bulls cannot bust through 213.53 - 214.10 you will see the bears return in favour. I will update if anything changes.

Any break of 214.10 and I will need to analyse charts again.
if price able to form below Gann Hilo 15m (should able QQE5 cross down) it should give signal for more south right..
  • #1,467
  • Feb 14, 2008 4:01am Feb 14, 2008 4:01am
Bulls are still holding, it si touching Gann Hilo 10, hope it will continue to go south...QQE5 on 15m chart crossed as well.
  • #1,468
  • Feb 14, 2008 4:01am Feb 14, 2008 4:01am
well, QQE, Stoch and CCI is heading south.

50.0 retrace would be nice and reasonable.
210.15 area is my target.

209 area would be ideal.

Then, load up the ICBMs and rocket skyward.

Buy Stop set to protect me while I sleep.

ahhh, 2am.....instead of 4:30 like last night.... I'm doing good.

Sith, PC and all my QQE mates...... good night, happy Pip Hunting !

This gets down to 209.5 and I have a record week and it's not over yet.
  • #1,469
  • Feb 14, 2008 4:20am Feb 14, 2008 4:20am
Quoting kujo17
well, QQE, Stoch and CCI is heading south.

50.0 retrace would be nice and reasonable.
210.15 area is my target.

209 area would be ideal.

Then, load up the ICBMs and rocket skyward.

Buy Stop set to protect me while I sleep.

ahhh, 2am.....instead of 4:30 like last night.... I'm doing good.

Sith, PC and all my QQE mates...... good night, happy Pip Hunting !

This gets down to 209.5 and I have a record week and it's not over yet.
meaning 210.15 is ur 1 st t/p dude?...
  • #1,470
  • Feb 14, 2008 8:35am Feb 14, 2008 8:35am
Well, I had another good trade last night with Aus's main 15 min strategy. Even though I entered 10-15 pips late I think, but still came out on top.

I entered Buy around 05:27 gmt, @212.77, SL 212.98, TS 60, TP at next resistance level minus spread, so 213.59 because the 120 pip TP is above this line, so my new rule is if R or S line is a little below it for buy, I take the R or S line, if 120 pip TP is below the next R or S line, then I take the 120 pip TP, same rules goes for sell trades of course, worked out good because the 120 pip TP would not have reached again and I would have taken less pips from the TS again if I didn't take it at the R1 line.
  • #1,471
  • Feb 14, 2008 9:09am Feb 14, 2008 9:09am
Ok why didn't the news have that much impact?
Looks like she's playing before 213.69 and 213.34. waiting for short signals
All the best things in life are free.
  • #1,472
  • Feb 14, 2008 9:40am Feb 14, 2008 9:40am
In my 15M chart QQE60 just crossing as well QQE5. It is touching Gann HiLO line 10. Hope it is continue, but today market is kind of slow...thinking which way...
  • #1,473
  • Feb 14, 2008 10:06am Feb 14, 2008 10:06am
Quoting capetown
In my 15M chart QQE60 just crossing as well QQE5. It is touching Gann HiLO line 10. Hope it is continue, but today market is kind of slow...thinking which way...
I would be careful. I am showing this pair to be consolidating on the 5 and 15 min charts. I would wait till after the speech, then go in due to the fact that the equity markets are trying to decipher Sec. Paulson and Fed Chairman's Testimony.
Humble Lifetime Member
  • #1,474
  • Feb 14, 2008 10:32am Feb 14, 2008 10:32am
You are right, because the speech may change everything.
It went down to 212,70 but again it is going back, hope not..., but it is just a "wish".
  • #1,475
  • Feb 14, 2008 10:39am Feb 14, 2008 10:39am
Quoting capetown
You are right, because the speech may change everything.
It went down to 212,70 but again it is going back, hope not..., but it is just a "wish".
Patience is the key and stick to a plan. Never deviate from your plan, no matter how tempting a position may look. If you miss one, it doesn't matter because there will be others.
Humble Lifetime Member
  • #1,476
  • Feb 14, 2008 11:00am Feb 14, 2008 11:00am
Hello Ash, do You have a DP in NY session 212,80 around that number?
And You are again right patience and plan and strategy, money man. and all has to be followed. I went out of that way, disturbance, family problems and etc... and then bad trade... all is working if I do not concentrate.
  • #1,477
  • Feb 14, 2008 11:07am Feb 14, 2008 11:07am
Could someone please post the NY Session Daily Pivot from VT platform please? I would like to make sure my values for this session is correct. I know for sure that my Tokyo and London session values are correct, just need to make sure it's correct for NY session as well.

My NY Session Daily Pivot is @212.55 using IBFX MT4

Thanks
  • #1,478
  • Feb 14, 2008 11:12am Feb 14, 2008 11:12am
Quoting Nobitacu
Could someone please post the NY Session Daily Pivot from VT platform please? I would like to make sure my values for this session is correct. I know for sure that my Tokyo and London session values are correct, just need to make sure it's correct for NY session as well.

My NY Session Daily Pivot is @212.55 using IBFX MT4

Thanks
I have 211.47.
Humble Lifetime Member
  • #1,479
  • Feb 14, 2008 11:27am Feb 14, 2008 11:27am
Morning all,

What a crazy few days.
Well, lots of long profits taken, but still sitting on these damn shorts and hedges.
Lets see if we clear the decks before the weekend.

Looking at the longer TFs here:
4H
QQE is starting to aim down.
ZL Stoch, whish usually leads the QQE is touching and starting the cross down.
CCI is 73.89 and pushing down towards Zero.
(been using this indicator and it's been keeping me in trades longer for more profit)

1H QQE, Stoch and CCI are all crossed down. CCI is below 0 and Stoch is below the 50 line. QQE is on it's way there.

A full 50% retrace of this move up from last LL at 205.86, would give us a retrace to 209.85 area.
38.2 would be around 210.85, this is probably more reasonable, once this true retrace is started.

We should have a 200-400 pip retrace before this big push up to 217-220 area.

We have not had a full, considerable retrace for 2 days here.
This is where patience is key, which is why I'll hold these hedges/shorts until it happens, because the moment I dump them, it'll crash down.

IF, we take this last move up on the 4H from the 206.79 LL, the 50% retrace is now at 210.25, which just happens to be S1 today.

I think this is a very realistic target and where I'll place all my TPs from shorts up at 213, 212 area. I'll then adjust my hedges accordingly and NOT release them incase we get a Tanking next Monday/Tuesday with a DOW tanking due to Options Expiration over the weekend.

So, I'll go fix up a chart and post what I feel is looking like is going to happen.

I'm really trying to look more long term now and less scalping.

Too much time in front of teh computer lately and also my acct. can take more drawdown now, so I can trade on the 1H, 4H and soon, just the daily.

Hope all are well and not too overly frustrated with this crazy market.

kj
  • #1,480
  • Feb 14, 2008 11:39am Feb 14, 2008 11:39am
Here is a 1H chart with both sets of fibs on here.

I'm gunning for the 209 retrace, but realistically, the 210.25 area will be hit, as this is S/R area as well.
Attached Image (click to enlarge)
Click to Enlarge Name: 1H fibs.jpg Size: 359 KB
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