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  • #24,781
  • Aug 27, 2008 11:15pm Aug 27, 2008 11:15pm
Quoting acumen
You may be correct.

You'd better hope crude continues to climb and tomorrows GDP comes up red.

Mike
Hey, you were saying it'll reach 124 at the start of the week, I'm just saying.. you were right.

Anyway, 1.49 today holds the utl of this whole downtrend, as I see it on my chart below, so if that's gone, it's hello to about 1.513 - first fib level.

Edit: Alternatively, if we reach near 1.49 today it's also a good opportunity to try a great r:r short for 500+ pips or so...
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  • #24,782
  • Aug 27, 2008 11:16pm Aug 27, 2008 11:16pm
We all have different pivots - my R1 is 1.4823. I use DeMark.
  • #24,783
  • Aug 27, 2008 11:17pm Aug 27, 2008 11:17pm
Quoting Jurrasic
Hey, you were saying it'll reach 124 at the start of the week, I'm just saying.. you were right.

Anyway, 1.49 today holds the utl of this whole downtrend, as I see it on my chart below, so if that's gone, it's hello to about 1.513 - first fib level.
Curious what is utl - ultimate trendline ??
  • #24,784
  • Aug 27, 2008 11:19pm Aug 27, 2008 11:19pm
Quoting trading801
1.49??? serious bro?
It's a BIG possibility if it push beyond 1.4820-30.
Our tp of 1.4810 is just few pips away
SL move up to 1.4775
  • #24,785
  • Aug 27, 2008 11:19pm Aug 27, 2008 11:19pm
Quoting dogol
... I'm still learning it's not a call .... I want to show my positions today ... maybe I can learn something :

- USD/JPY : SHORT at 109.52 TP 108.90
- EUR/USD : LONG at 1.4724 TP 1.4800
- GBP/USD : LONG at 1.8360 TP 1.8455

ok we'll see .... have a nice day ....
all my positions are running as planned ....
  • #24,786
  • Aug 27, 2008 11:20pm Aug 27, 2008 11:20pm
Quoting malcolmb14
I use a Volume spread analysis software ,,,,, there is volume and it is relative to previous volume on the up move from 1.4720 to 1.4780 , not volume as you might know in the true sense of the word, but tick volume

so ..... you do not know everything
tic volume... 1 min,5 min, 15 min tics?

You are correct sir... I don't know everything and often I come across as a smartazz but I know a fabrication when I see one.

Definition:

Tic Volume: number of tics/dog.
  • #24,787
  • Aug 27, 2008 11:20pm Aug 27, 2008 11:20pm
Just got in a long @ 4795.

Trading801, if you're short, don't even say it
Not all sins are created equal
  • #24,788
  • Aug 27, 2008 11:21pm Aug 27, 2008 11:21pm
Quoting acumen
Volume...

There is no volume.

Some of the lowest volumes every recorded have taken place this week.

The reason we are at .4780 is volume.

Thin volume means a few Asian banks can push price where they want it... and that's exactly what they did.

Is this not just a continuation of the retracement uptrend that has been going on for 36 hours ?

Seems clear to me .. but hold on you do not look at chart and a 3% move in one week means to you that it is going to keep going down.

NOTHING can go down or up forever without a retracement and NOTHING goes from a to b in a straight line ... this is where indicators come in handy

and yes part of those indicators include tick volume and volume spread analysis software
Blogging daily now at www.volume.zone
  • #24,789
  • Aug 27, 2008 11:21pm Aug 27, 2008 11:21pm
Quoting SunTrader
Curious what is utl - ultimate trendline ??
Duuuuuuude... it's like... upper ??
On the path to Enrichment.
  • #24,790
  • Aug 27, 2008 11:22pm Aug 27, 2008 11:22pm
Quoting dogol
all my positions are running as planned ....
Very nice
  • #24,791
  • Aug 27, 2008 11:22pm Aug 27, 2008 11:22pm
Quoting Jay Walker
Just got in a long @ 4795.

Trading801, if you're short, don't even say it
He's long
  • #24,792
  • Aug 27, 2008 11:28pm Aug 27, 2008 11:28pm
Quoting Jay Walker
Just got in a long @ 4795.

Trading801, if you're short, don't even say it

haahah Jay Bro.. for once we are in the same boat

BUT if it hits 1.4810 or if it nears 2 oclock GBP news time, i will TP and change to short....
  • #24,793
  • Aug 27, 2008 11:29pm Aug 27, 2008 11:29pm
"Tic Volume: number of tics/dog."

Well even though I don't have a "dog in this fight" there is such a thing as tick volume. Price moves up a pip = 1 tick up and vice versa.

Some data providers, mine being one, have this. Which is a rough approximation of volume similar but not the same as what is available with stocks, futures and options.
  • #24,794
  • Aug 27, 2008 11:30pm Aug 27, 2008 11:30pm
Quoting malcolmb14
Is this not just a continuation of the retracement uptrend that has been going on for 36 hours ?

Seems clear to me .. but hold on you do not look at chart and a 3% move in one week means to you that it is going to keep going down.

NOTHING can go down or up forever without a retracement and NOTHING goes from a to b in a straight line ... this is where indicators come in handy

and yes part of those indicators include tick volume and volume spread analysis software
We just passed 20 pips over the 61.8 fib level of the last south move, that might go further up
  • #24,795
  • Aug 27, 2008 11:31pm Aug 27, 2008 11:31pm
Quoting acumen
tic volume... 1 min,5 min, 15 min tics?

You are correct sir... I don't know everything and often I come across as a smartazz but I know a fabrication when I see one.

Definition:

Tic Volume: number of tics/dog.
go take a look at tradeguider .com .... then come back to me

you may learn something today ......
Blogging daily now at www.volume.zone
  • #24,796
  • Aug 27, 2008 11:33pm Aug 27, 2008 11:33pm
i guess i got it wrong today.i am short and badly hurting.anywayz it hasnt triggered my stops yet.shold i wait or just switch it off myself.
  • #24,797
  • Aug 27, 2008 11:35pm Aug 27, 2008 11:35pm
For those long, if it should get to 1.4875 area, watch it carefully.

That is all I got to say.

Then again it might not break 1.4808 next swing high in the way presently.
  • #24,798
  • Aug 27, 2008 11:36pm Aug 27, 2008 11:36pm
Quoting SunTrader
"Tic Volume: number of tics/dog."

Well even though I don't have a "dog in this fight" there is such a thing as tick volume. Price moves up a pip = 1 tick up and vice versa.

Some data providers, mine being one, have this. Which is a rough approximation of volume similar but not the same as what is available with stocks, futures and options.

Why don't I have tic volume?

"Volume" corresponds to a number of tics for one bar. The real volume parameters of Forex market are not known, the number of tics for a bar therefore is used, because it’s rather close correlates with the real volume of transactions.
  • #24,799
  • Aug 27, 2008 11:36pm Aug 27, 2008 11:36pm
Guys, if I were trading at like 12pm-1am I'd be pissed and rattled too I guess..

Quoting SunTrader
For those long, if it should get to 1.4875 area, watch it carefully.
Why 875 Sun ? What's there ?

I'm asking because I intend to bomb it short at like 880-900..
On the path to Enrichment.
  • #24,800
  • Aug 27, 2008 11:38pm Aug 27, 2008 11:38pm
Quoting Jurrasic
Guys, if I were trading at like 12pm-1am I'd be pissed and rattled too I guess..
That's funny.

Mike
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