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  • #43,261
  • Nov 4, 2008 9:14am Nov 4, 2008 9:14am
Hey Maxdumb

Hi

Bye.

(or another words added to the ignore list)

PS: Oh no need to thank me later though.
  • #43,262
  • Nov 4, 2008 9:16am Nov 4, 2008 9:16am
There should be a few more pips up before this breaks if it goes through the resistance 2 (1.2885) on the chart below, in fact may be another 200 pips in it before it dives.

But then nothing is that clear today, keeps touching it and thinking about it.

(30 min chart)
Attached Image (click to enlarge)
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  • #43,263
  • Nov 4, 2008 9:17am Nov 4, 2008 9:17am
waiting to see how this H4 candle closes. bulls run *seems* to be coming to an end, and we have arrived at mondays asian session high of 1.289. I would be expecting significant retracement at least until the next asian session.

ps: im not trading this

pps: dont worry Niandra, i saw the humour.
  • #43,264
  • Nov 4, 2008 9:38am Nov 4, 2008 9:38am
Just wondering if there is some kind of reason behind all of this or is it maybe people getting out of the dollar before the election?

Or maybe the down trend is already broken?
  • #43,265
  • Nov 4, 2008 9:39am Nov 4, 2008 9:39am
Quoting SunTrader
Hey Maxdumb

Hi

Bye.

(or another words added to the ignore list)

PS: Oh no need to thank me later though.

What's your position?
  • #43,266
  • Nov 4, 2008 9:41am Nov 4, 2008 9:41am
Quoting joeintokyo
Just wondering if there is some kind of reason behind all of this or is it maybe people getting out of the dollar before the election?

Or maybe the down trend is already broken?
The dollar strength has only been a result of other weakness and deleveraging. I figure the Euro will weaken after rate cut Thursday if not the day before in anticipation.
  • #43,267
  • Nov 4, 2008 9:45am Nov 4, 2008 9:45am
Im going to look for short positions. This up move seems to be a sucker play.
  • #43,268
  • Nov 4, 2008 9:52am Nov 4, 2008 9:52am
I still reckon it is coming down.

Look at the yellow arrows on this M30 chart. Each time one appears (according to the rules i have set up) it has dipped.
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  • #43,269
  • Nov 4, 2008 10:06am Nov 4, 2008 10:06am
Quoting TIckerShuffl
What's your position?
I posted over the weekend that I believe on 4H chart market is presently in a Wave C of a 4th Wave of 5 of a larger 3rd Wave of 5. Turns out I was ahead of myself thinking we were in wave C already by last Friday. With yesterday's drop and then recovery today, now I think Wave C of 4 is underway. If it goes above 1.3492 (100% of Wave A) then whole count will have to be re-evaluated. If it holds I will be looking for a new short entry. With the Dow/S&P etc rising, the tide (Crude/Gold/EU) overall is rising ATM.
Attached Image (click to enlarge)
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  • #43,270
  • Nov 4, 2008 10:09am Nov 4, 2008 10:09am
price almost touching 1.3000

let's see if this bull run is over now..

=D
  • #43,271
  • Nov 4, 2008 10:11am Nov 4, 2008 10:11am
Ouch To Dollar Longs!
  • #43,272
  • Nov 4, 2008 10:20am Nov 4, 2008 10:20am
Quoting TIckerShuffl
Ouch To Dollar Longs!
Is this a reaction to the belief Obama will win??
  • #43,273
  • Nov 4, 2008 10:23am Nov 4, 2008 10:23am
Quoting SunTrader
Is this a reaction to the belief Obama will win??
I think this too... It seems like big economic investors don't like him as USA president.
  • #43,274
  • Nov 4, 2008 10:24am Nov 4, 2008 10:24am
This is one of those pattern trades that works the same as the others I've posted.

When price is at an 80 level it wants to move to the round number.

It's like a magnet.

I got in early and out early because we are around the 11:00 o'clock hour and that's often when the EURO desks say... had enough... close out and go home.

While you are looking at the chart check out the .50 to .80 move.
Attached Image (click to enlarge)
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  • #43,275
  • Nov 4, 2008 10:25am Nov 4, 2008 10:25am
Quoting Jack Herer
price almost touching 1.3000

let's see if this bull run is over now..

=D
I would have to say this might be the last gasp before the drop tomorrow/thursday????
  • #43,276
  • Nov 4, 2008 10:29am Nov 4, 2008 10:29am
Even with big move, hasn't to this point, even hit R2. Yesterday had a range of 300 pips and today 470. So big yeah but not really all the unusual these days. Now if it keeps going then wow.
  • #43,277
  • Nov 4, 2008 10:36am Nov 4, 2008 10:36am
Quoting acumen
This is one of those pattern trades that works the same as the others I've posted.

When price is at an 80 level it wants to move to the round number.

It's like a magnet.

I got in early and out early because we are around the 11:00 o'clock hour and that's often when the EURO desks say... had enough... close out and go home.

While you are looking at the chart check out the .50 to .80 move.
acumen, I just want to thank you again for showing us your method, with the pivot points and the psych levels (oh man, this is great stuff!! how come I never noticed this before...), since yesterday I'm up 6% (yes!!) just using your system along with my own tech analisys.

Best of all, they were all free trades, just locking profit in early and leting it run. Beautiful.

Thanks again!!
  • #43,278
  • Nov 4, 2008 10:41am Nov 4, 2008 10:41am
Quoting eddiemiller

But then nothing is that clear today, keeps touching it and thinking about it.

(30 min chart)
Au contraire! Since 11:30EST last night (M30 tf), there have only been 5 bear candles. That's about as clear a picture as you're gonna get.

Up or down, gimme a ticket
  • #43,279
  • Nov 4, 2008 10:44am Nov 4, 2008 10:44am
Quoting Jack Herer
acumen, I just want to thank you again for showing us your method, with the pivot points and the psych levels (oh man, this is great stuff!! how come I never noticed this before...), since yesterday I'm up 6% (yes!!) just using your system along with my own tech analisys.

Best of all, they were all free trades, just locking profit in early and leting it run. Beautiful.

Thanks again!!
It's a great system.

6% is kick azz.

That's very, very good.

The hard part is not getting frustrated when you get stopped out every now and then.

Every system has a drawdown... this one has a low one.

Just be sure to put the 50 EMA on a 5 or 15 minute chart and NEVER trade against it. (I use the 15 min with daily pivots)
  • #43,280
  • Nov 4, 2008 10:50am Nov 4, 2008 10:50am
Fib retracement drawn from last week's high (10/30/08) and today's low gives a 61.8% level of 1.3001 or basically the HOD currently.

Not to mention whole number zone.
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