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  • #5,381
  • Mar 11, 2008 8:00pm Mar 11, 2008 8:00pm
As for me I buy on dips as usual once it closed above weekly pivot and showed bouncy properties.

Edit: Added chart

http://img90.imageshack.us/img90/165...ybouncehq1.gif
  • #5,382
  • Mar 11, 2008 8:20pm Mar 11, 2008 8:20pm
Can i ask you for weekly pivot indicator.... Please...
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #5,383
  • Mar 11, 2008 9:00pm Mar 11, 2008 9:00pm
Its a modified daily pivot indicator. It just puts a single line for weekly pivot but can do more if you can write code.
Attached File(s)
File Type: mq4 weeklyPivot.mq4   5 KB | 352 downloads
  • #5,384
  • Mar 11, 2008 9:04pm Mar 11, 2008 9:04pm
Quoting kharvell
LOL, A woman of her word... respectable

I tried sushi my first time actually on my Florida trip at Breakers. Figured that's the place to try it, eh?
She's a man baby!

Quoting MackS10
Staying on the sidelines for this pair until it forms some trend in either direction. The pin bar on the Daily chart looks extremely lethal.
Yep I've been out too. Might trade this week.
USD Est Non Mortuus
  • #5,385
  • Mar 11, 2008 9:04pm Mar 11, 2008 9:04pm
Thanks.

Are u gonna go short ?
4X is the biggest casino in the world...Open 24h Monday to Friday.
  • #5,386
  • Mar 11, 2008 9:17pm Mar 11, 2008 9:17pm
It appears we will head higher...possibly up to 1.4650 or higher. This is a prediction based on the price action happening right now. I don't trade my predictions in this manner, but all scalps will be on the long side until price action begins to look bearish.
  • #5,387
  • Mar 11, 2008 9:18pm Mar 11, 2008 9:18pm
Quoting LuckyLurker
She's a man baby!
  • #5,388
  • Mar 11, 2008 9:20pm Mar 11, 2008 9:20pm
Quoting Zappa
This is a prediction based on the price action happening right now. but all scalps will be on the long side until price action begins to look bearish.


Thats the way to do it!
  • #5,389
  • Mar 11, 2008 9:25pm Mar 11, 2008 9:25pm
I was completely thinking short after today. I was convinced the price was going to close below weekly pivot. But it drew back. The daily close is important. It was clear the market didn't have enough shorts to weigh it down.
But watch the daily pivot 1.5371. The price could turn there and take a fresh running start at the weekly pivot. But a break above could give way to another peak test. Or could range here for a couple days since no news tomorrow and wait for friday to do anything real big.
  • #5,390
  • Mar 11, 2008 10:02pm Mar 11, 2008 10:02pm
that's 25% of the fed balance sheet now loaned out on mortgage backed securities. Banks are fortunate. That's not going help Joe Schmoe who just lost his job and has debt out the kazoo, though it might prop up the market another week.

That puts us back to the basics in the pair. Still lots of variables in play.
  • #5,391
  • Mar 11, 2008 11:14pm Mar 11, 2008 11:14pm
failed twice at the 38.2 fibo of yesterdays high/low witch is why its falling short of the daily pivot. I step out with 20 pips and wait to see whats next.
  • #5,392
  • Mar 12, 2008 12:57am Mar 12, 2008 12:57am
Are there any Candlestick traders following this thread and what are your observations of the candlesticks on the daily graphs?
  • #5,393
  • Mar 12, 2008 1:06am Mar 12, 2008 1:06am
Quoting Lifesong
Are there any Candlestick traders following this thread and what are your observations of the candlesticks on the daily graphs?
Well, we have a decent doji, followed by a hammer and then another stronger doji. All bearish signs, but we had 3 doji's on the last break, too. Very long upper shadows, but also strong lower shadows. Ranging markets, there will be a breakout soon.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_13.png Size: 27 KB
  • #5,394
  • Mar 12, 2008 3:11am Mar 12, 2008 3:11am
Quote

ONDON – Goldessential.com – Mar 12 – 8.06GMT
Following are comments on the technicals of the global most commonly traded currencies.
UBS

* EUR/USD: "Violation of $1.5313 support threatens bull, but only a break of $1.5142 would undermine the broader up-trend. Resistance at $1.5496."
...

* GBP/USD:"Constructive above $1.9975, with our focus on $2.0221."
...

* USD/JPY: "Heavy below 104.19 yen, with pressure on 101.42."
...

Src: http://www.goldessential.com/index.p...d=809&Itemid=1
  • #5,395
  • Mar 12, 2008 3:24am Mar 12, 2008 3:24am
Quoting kharvell
I'm short @ 1.5326. Going with a 50 pip T/P, but I believe there is potential to hit strong former resistance @ 1.5230.

Reasons:

Downward sloping 24 SMA on 3-hour chart
A lot of volatility, to be honest I think one could earn 50 pips either way with a large stop.
EDIT: Also, 1.5330 (former support) acting as resistance (FOR NOW)

We'll see how it goes.
Hi Kevin,
well Major rend still Bull, but Daily chart sounds like making a Top and we have nice pinbar. I will go short only once market wil break weekly pivot. target will be 1.5230-40 area here we have good cluster if broken 2nd target will be 1.5178-60 area...well all depends on market where it can lead us. we have Bull planed we have bear planed now let the market make its direction.
My 4h Indicators still Bull..we have minor resistance at 1.5388.. i am just waiting aside that when it will break weekly pivot or previous Highs to go short or long. right now market is ranging.
  • #5,396
  • Mar 12, 2008 3:26am Mar 12, 2008 3:26am
Signs of ABNORMALITY in the market lately Really tough to trade nowadays.

http://www.freesmileys.org/smileys/violent084.gif

http://farm4.static.flickr.com/3140/...4f334ccb_o.png
  • #5,397
  • Mar 12, 2008 5:10am Mar 12, 2008 5:10am
NIIIIICE pips
Now how about a big retrace to reload all the longs
On the path to Enrichment.
  • #5,398
  • Mar 12, 2008 5:43am Mar 12, 2008 5:43am
Quoting Hammad
Hi Kevin,
well Major rend still Bull, but Daily chart sounds like making a Top and we have nice pinbar. I will go short only once market wil break weekly pivot. target will be 1.5230-40 area here we have good cluster if broken 2nd target will be 1.5178-60 area...well all depends on market where it can lead us. we have Bull planed we have bear planed now let the market make its direction.
My 4h Indicators still Bull..we have minor resistance at 1.5388.. i am just waiting aside that when it will break weekly pivot or previous Highs to go short or long. right now market is ranging.
So Minor Resistance broken 1.5388 and went long.. just tped 70 pips.. according to plan..
  • #5,399
  • Mar 12, 2008 5:54am Mar 12, 2008 5:54am
sma14 crossed ema14 on my daily, so maybe a retrace nears..
(I've now started practicing buying second opened bar above ema14 when sma14 is below it with enitial sl put at the sma - all this on the 5min, I believe this may be a good techneque but need to test more and perfect the way I trail stop profit (limmit is open) - anyway this seems to also work well on larger scale and if you look at the previous times such crosses occured when E/U was in the triangle below 1.5 it also seems to work for the most part.)
On the path to Enrichment.
  • #5,400
  • Mar 12, 2008 7:25am Mar 12, 2008 7:25am
Double top would be nice....
4X is the biggest casino in the world...Open 24h Monday to Friday.
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