This may be it......
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- #43,681
- Nov 5, 2008 11:16pm Nov 5, 2008 11:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
- #43,682
- Nov 5, 2008 11:17pm Nov 5, 2008 11:17pm
Taking a chance and entered again at 2838. Technically it didn't break this red S&P line from the chart I posted from yesterday. If holds it should be going back up to 3xxx again, hope ECB news speculating takes it there. Otherwise who knows
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GL to u all
.GL to u all
- #43,684
- Nov 5, 2008 11:26pm Nov 5, 2008 11:26pm
- | Membership Revoked | Joined Aug 2008 | 1,097 Posts
Euro session coming on line anytime between now and 1 hour from now, depending on if traders jump the gun.....now 7am in London and 8am in Zurich and Frankfurt. The Asian session traders knocked it down and kept it down.....
So maybe their game plan is to make sure it stayed low to open the Euro session and then everyone gets to participate in a nice run up before the US open?
It looks like it's gonna tumble down further but maybe you have your reasons to believe otherwise.
- #43,685
- Nov 5, 2008 11:29pm Nov 5, 2008 11:29pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
- #43,687
- Nov 5, 2008 11:33pm Nov 5, 2008 11:33pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
there all is good again. after getting stopped out for 40pips on a..as i consider it "price manipulation" move... i bottom picked as i do so well (knife cant cut me
) with a normal position size and made the pips back and more. closed half and other half stop loss at entry...all this nonsense keeping price at the low makes me think a good run up to the 1.3000 may follow.
from a technical standpoint...i mentioned "3black crows" and how crucial candlesticks that follow is...the current 4h candle can go either way. i also mentioned that price action has stuck above the 1.2850 level(triangle midline) for some time now. where ecb rate cut will take us is anyones guess but the way things look right now...a run up to the upper wall of this triangle or at least 1.3000 (61.8%fib retracement current high to low) is not out of the realm of possibilities...on the other hand...we drop below 1.2800...game over bulls
sidenote:if we are close to the bottom here and slowly start moving up...this may turn into a cup and handle formation on the 15min chart...hah very possible indeed
) with a normal position size and made the pips back and more. closed half and other half stop loss at entry...all this nonsense keeping price at the low makes me think a good run up to the 1.3000 may follow. from a technical standpoint...i mentioned "3black crows" and how crucial candlesticks that follow is...the current 4h candle can go either way. i also mentioned that price action has stuck above the 1.2850 level(triangle midline) for some time now. where ecb rate cut will take us is anyones guess but the way things look right now...a run up to the upper wall of this triangle or at least 1.3000 (61.8%fib retracement current high to low) is not out of the realm of possibilities...on the other hand...we drop below 1.2800...game over bulls
sidenote:if we are close to the bottom here and slowly start moving up...this may turn into a cup and handle formation on the 15min chart...hah very possible indeed
Different opinions highly valued, ignorant to slander.
- #43,690
- Nov 5, 2008 11:41pm Nov 5, 2008 11:41pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
there all is good again. after getting stopped out for 40pips on a..as i consider it \"price manipulation\" move... i bottom picked as i do so well (knife cant cut me
from a technical standpoint...i mentioned \"3black crows\" and how crucial candlesticks that follow is...the current 4h candle can go either way. i also mentioned that price action has stuck above the 1.2850 level(triangle midline) for some time now. where ecb rate cut will take us is anyones guess but the way things...
- #43,691
- Nov 5, 2008 11:44pm Nov 5, 2008 11:44pm
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
Different opinions highly valued, ignorant to slander.
- #43,692
- Nov 5, 2008 11:52pm Nov 5, 2008 11:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
eur/usd and gbp/usd is not moving, while usd/jpy moving up, so it would happen
gy/ej moved north over 50 pips in a 5m candle while eu stayed frozen.. it is weird
Money management is good for your health...
- #43,695
- Nov 6, 2008 12:21am Nov 6, 2008 12:21am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #43,696
- Nov 6, 2008 12:32am Nov 6, 2008 12:32am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
took my 80pips on remaining half of position and got out of there....i dont care if it shoots to the moon now as euro going up with pending ecb cut goes against all my logic. in any case...we may really be seeying a cup and handle formation...notice the nice round bottom. i dont put too much emphasis on it as patterns are insignificant in times of major news but i drew the trendlines (horizontal lines oops...fibs are good too if you draw them from high to low on last move down) that were previously support...they each should now be resistance as we slowly inch up. the upper wall of the triangle i mentioned is the only resistance that matters now..we break that...we will spike up like no other...personally...im looking to short there if reached
Different opinions highly valued, ignorant to slander.
- #43,697
- Nov 6, 2008 12:33am Nov 6, 2008 12:33am
- Joined Oct 2008 | Status: sideline is a position | 105,233 Posts
those who can, do. those who cant, talk about those who can
- #43,698
- Nov 6, 2008 12:35am Nov 6, 2008 12:35am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #43,699
- Nov 6, 2008 12:45am Nov 6, 2008 12:45am
- Joined Oct 2008 | Status: sideline is a position | 105,233 Posts
those who can, do. those who cant, talk about those who can
- #43,700
- Nov 6, 2008 12:47am Nov 6, 2008 12:47am
- Joined Aug 2008 | Status: Self-proclaimed psychologist | 3,179 Posts
its like wiping before you poot.. it just dont make sence..
...im no expert on elliot waves but if this is what i think it is...we saw wave 1 on the move down and we are seeying wave 2 now which may retrace to 1.3000 (61.8%retracement which is common for EW wave 2) only so it drops hard from there come the ecb announcement..just a guess but a good possibility
Different opinions highly valued, ignorant to slander.