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  • #44,761
  • Nov 11, 2008 9:32pm Nov 11, 2008 9:32pm
yes but oil is also null to weak also. any spike it should blow upward that far. intraday its been commoun for oil to move 10%. that only 6.00 bucks now. a small move up as little as 3% could move eur 100 pips or so
those who can, do. those who cant, talk about those who can
  • #44,762
  • Nov 11, 2008 9:45pm Nov 11, 2008 9:45pm
oil moved down .5 % now som maybe i may have to get in shortly
those who can, do. those who cant, talk about those who can
  • #44,763
  • Nov 11, 2008 9:49pm Nov 11, 2008 9:49pm
im not getting a good feeling about this...all logic says keep going short but....on the 1hour chart it looks like a rounding bottom kind of like a cup and handle....we may see more up movement up to 1.2650/700 which raises the question...why am i still currently short
Different opinions highly valued, ignorant to slander.
  • #44,764
  • Nov 11, 2008 9:49pm Nov 11, 2008 9:49pm
oil below 59$ im in now.
those who can, do. those who cant, talk about those who can
  • #44,765
  • Nov 11, 2008 9:53pm Nov 11, 2008 9:53pm
Quoting gatorinla
oil below 59$ im in now.
Oil is now $59.07

And will be dropping...
  • #44,766
  • Nov 11, 2008 9:55pm Nov 11, 2008 9:55pm
Quoting psiholog
im not getting a good feeling about this...all logic says keep going short but....on the 1hour chart it looks like a rounding bottom kind of like a cup and handle....we may see more up movement up to 1.2650/700 which raises the question...why am i still currently short
A retrace to 2650 is not out of the question. It "feels" as if it would struggle to reach 2700. Seems like too much selling pressure. I am holding my small short. It's low risk because it's a tiny amount of my balance.
  • #44,767
  • Nov 11, 2008 9:56pm Nov 11, 2008 9:56pm
i got 58.95 on bloomberg
those who can, do. those who cant, talk about those who can
  • #44,768
  • Nov 11, 2008 10:02pm Nov 11, 2008 10:02pm
Quoting gatorinla
i got 58.95 on bloomberg

Nikkei is going back down too.
  • #44,769
  • Nov 11, 2008 10:03pm Nov 11, 2008 10:03pm
Quoting psiholog
im not getting a good feeling about this...all logic says keep going short but....on the 1hour chart it looks like a rounding bottom kind of like a cup and handle....we may see more up movement up to 1.2650/700 which raises the question...why am i still currently short
thats it...ive decided...i have made decent gains today too...no point in testing unchartered territory at this time. i will wait for one of two things to happen. break below 1.2500 again OR....something that happens most of the time...a retest of the breakout wall....this whole move south took us out of that triangle we have seen recently....but to prove this move was indeed what the market makers want....a retest of where we broke out very possible which would be the perfect shorting opportunity if the wall holds...even 61.8% retracement from 1.28 to current low would be nice entry which is around 1.2675(previous low as well so its perfect)

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Different opinions highly valued, ignorant to slander.
  • #44,770
  • Nov 11, 2008 10:08pm Nov 11, 2008 10:08pm
Quoting psiholog
thats it...ive decided...i have made decent gains today too...no point in testing unchartered territory at this time. i will wait for one of two things to happen. break below 1.2500 again OR....something that happens most of the time...a retest of the breakout wall....this whole move south took us out of that triangle we have seen recently....but to prove this move was indeed what the market makers want....a retest of where we broke out very possible which would be the perfect shorting opportunity if the wall holds...even 61.8% retracement from 1.28 to current low would be nice entry which is around 1.2675(previous low as well so its perfect)

Attachment
i agree and just scalped 10.. i will wait also.
those who can, do. those who cant, talk about those who can
  • #44,771
  • Nov 11, 2008 10:09pm Nov 11, 2008 10:09pm
unless something moves oil. like saudis prince farts or something
those who can, do. those who cant, talk about those who can
  • #44,772
  • Nov 11, 2008 10:18pm Nov 11, 2008 10:18pm
Price action these days has no nagotiation to no one, you follow or you dont follow. for example im seeing a potential inverted h&s on 1 hrs chart.. anyone seeing that? everything is possible
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #44,773
  • Nov 11, 2008 10:25pm Nov 11, 2008 10:25pm
Oil has been range bound ($60.50-$58.50)for the last 18 hours so until it breaks either way, don't look for that market to give a signal.
  • #44,774
  • Nov 11, 2008 10:27pm Nov 11, 2008 10:27pm
Behold the power of THE PINK LINE!! (89sma)

Added shorts at the retracement tops to replace the old and worn out ones... There's far more power in this session than I was expecting, so I'm trading it until it fizzles...

EU = 2572
EJ = 122.99
GY= 151.14

Entries will (hopefully) run for awhile, and lower ones get scaled out along the way with +5 SL.

There's a potential Inverted Shampoo on the GY 15m causing some concern, but the fairly powerful 50ema is holding for the moment. If that fails and the shampoo confirms, then my plan is crap, I get stopped out with a few pips and all the longs should be smiling before too long... Still iffy tho imo.

I'm holdin my shorts.
FUBAR...
  • #44,775
  • Nov 11, 2008 10:34pm Nov 11, 2008 10:34pm
Oil drops further and US equities give up another 200 points...

OR

Oil recovery and Equity rally?


I am scalping EURAUD until something happens here. I am thinking more dollar strength would be nice to at least get another look at a potential bottom . Yen pairs (edit read USDJPY) look like it's about to fall into the abyss.
  • #44,776
  • Nov 11, 2008 10:36pm Nov 11, 2008 10:36pm
Question for anyone smarter than me (don't everyone answer at once)... wth is that "Wisdom" thingy that just showed up under the postcount# with the little scatch marks on it??
FUBAR...
  • #44,777
  • Nov 11, 2008 10:38pm Nov 11, 2008 10:38pm
Quoting ak4x
Question for anyone smarter than me (don't everyone answer at once)... wth is that "Wisdom" thingy that just showed up under the postcount# with the little scatch marks on it??
The WVS serves two main purposes. First, it allows you to quickly estimate the experience level of an FF member, lending important context to their opinions and advice. Secondly, the Thread Permissions feature allows thread-starters to limit their thread’s participants based on the number of vouchers the member has. Therefore, your ability to post in certain threads can be limited by your number of vouchers.

Source: http://www.forexfactory.com/faq.php?...faq_purposewvs

It's a replacement to 1KT
Not all sins are created equal
  • #44,778
  • Nov 11, 2008 10:46pm Nov 11, 2008 10:46pm
futures edging up...rather muted effect on eurusd thus far...
  • #44,779
  • Nov 11, 2008 10:49pm Nov 11, 2008 10:49pm
Quoting Jay Walker
The WVS serves two main purposes. First, it allows you to quickly estimate the experience level of an FF member, lending important context to their opinions and advice. Secondly, the Thread Permissions feature allows thread-starters to limit their thread’s participants based on the number of vouchers the member has. Therefore, your ability to post in certain threads can be limited by your number of vouchers.

Source: http://www.forexfactory.com/faq.php?...faq_purposewvs

It's a replacement to 1KT
wtf. I've just been wvs'ed and I didn't even get kissed.

I know this has been a tough one for the back office to figure out but I will give them their dues. They really seem to be working hard on it.
  • #44,780
  • Nov 11, 2008 10:50pm Nov 11, 2008 10:50pm
Quoting Jay Walker
It's a replacement to 1KT
Thanks jay, "Wisdom" sounds so pretentious. Seems like there should be one for SmartA$$ as well then... Of course everyone would want that one.

Me being too stupid to know what it was sort of negates the rating tho. Never mind.
FUBAR...
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