.... crude april 08
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- #9,582
- Mar 17, 2008 12:57pm Mar 17, 2008 12:57pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
perhaps some of you took advantage of this nice beovb (tbhlc..?)..
Mostly benefitted from GU via GJ though since those three above are just "toy" positions as my main risk is on the carry at the moment.
Quite frankly I am wondering whether it's time for the buck to get some payback in now...have a feeling 1.6 won't be the next roundish number we hit on EURUSD, but there's still some hurdles to take.
Either way - things have moved on to psycho mode imho.
Trust price. Know yourself.
- #9,584
- Mar 17, 2008 1:25pm Mar 17, 2008 1:25pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Quite frankly I am wondering whether it's time for the buck to get some payback in now...have a feeling 1.6 won't be the next roundish number we hit on EURUSD,
Perfect time for coordinated intervention would be tomorrow @ 14:15 est.
- #9,586
- Mar 17, 2008 2:55pm Mar 17, 2008 2:55pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
good spot for the right price action...
- #9,588
- Mar 17, 2008 3:37pm Mar 17, 2008 3:37pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I just jumped in on this PB on the AUD/USD 4H chart. Did anyone else buy this one?
Tyler
), but..Just by looking at this daily bar, I'd........
and then....
- #9,589
- Mar 17, 2008 3:43pm Mar 17, 2008 3:43pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Good luck with that trade Tyler.., not sure why you did (
Just by looking at this daily bar, I'd........
There is a reason why aussie is getting hammered today...
There is also plenty of good trades out there, guys. Don't push it.. If you missed it. There will be more. You rush it... and will end up wiring more money to your accounts sooner or later....
- #9,591
- Mar 17, 2008 4:41pm Mar 17, 2008 4:41pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #9,592
- Edited 5:24pm Mar 17, 2008 4:52pm | Edited 5:24pm
Good luck with that trade Tyler.., not sure why you did (
Just by looking at this daily bar, I'd........
While I am trying hard to get the hang of it, I'm still pretty new at reading price action (as you probably already figured out...) so any criticism will be taken with an eagerness to learn
Tyler
skype: ststroud. let's talk trading.
perhaps some of you took advantage of this nice beovb (tbhlc..?)..
Just a small question about the latest BEOB in GU. Is there any reason you think this time, BEOB 2, will work better than BEOB 1?
Neither BEOB seems to really react from a strong ppz, although maybe the ppz at 1.9935-70 was close enough and became support to cause a failure of BEOB 1, whereas this ppz is further away from BEOB 2?
BEOB 2 does have a greater range relative to it's prior bar than BEOB 1, and maybe this adds more potency to the probable success of BEOB 2??
Or do you think they are equally valid?
- #9,596
- Mar 18, 2008 5:20am Mar 18, 2008 5:20am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hey Seeking, whats your take on tomorrows news? Is the magic ball clean.
I suspect if they do make one of the biggest rate cuts in history that the USD is possibly not going to benefit
That's about as much as I'm willing to lean out of the window, anything else, such as stock markets etc might get thrashy, very thrashy...imho it might be the usual "relief then realization" pattern, but who knows. I doubt we will ride to the stars, personally.
But in this environment anything goes. Wild moves, dangerous times.
Trust price. Know yourself.
- #9,597
- Mar 18, 2008 7:21am Mar 18, 2008 7:21am
Hi guys,
Like you all know I'm still working through the thread, but while doing that and analysing my charts I have come accross something which I would like you all to verify if you could.
This is a setup taught by Mr Tom DeMark, which I never thought worked until I started testing it on the Daily TF's.
Please have a look and discuss.
Regards
Werner
Like you all know I'm still working through the thread, but while doing that and analysing my charts I have come accross something which I would like you all to verify if you could.
This is a setup taught by Mr Tom DeMark, which I never thought worked until I started testing it on the Daily TF's.
Please have a look and discuss.
Regards
Werner
Phil419
- #9,598
- Mar 18, 2008 8:09am Mar 18, 2008 8:09am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Hi raczek.
Just a small question about the latest BEOB in GU. Is there any reason you think this time, BEOB 2, will work better than BEOB 1?
Neither BEOB seems to really react from a strong ppz, although maybe the ppz at 1.9935-70 was close enough and became support to cause a failure of BEOB 1, whereas this ppz is further away from BEOB 2?
BEOB 2 does have a greater range relative to it's prior bar than BEOB 1, and maybe this adds more potency to the probable success of BEOB 2??
Or do you think they are equally valid?
Sorry for late reply by I was busy with yen...
I don't really spend too much time contemplating which beovb will work stronger as I'm usually in the trade a day before they form since I'm PPZ/confluence trader. First one was taken off of 50fib and ppz, second off 61fib/ppz. Price stopped around 9940, which was another good PPZ and area to watch for a strong bounce given the fact that feds are about to lower rates by 100points today. I expected price to slow down here/stop or reverse or perhaps go test another pivot around 9750, which was also a 61fib (Jan 22/March 14 swing)
