1.2635 is a target now ,but if it's broken 1.2665 will be on the horizon
I always knew that someday I would make it big
- #46,682
- Nov 23, 2008 5:24pm Nov 23, 2008 5:24pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #46,683
- Nov 23, 2008 5:25pm Nov 23, 2008 5:25pm
Somali Pirates in Discussions to Acquire Citigroup 21-Nov-08 01:30 pm Somali Pirates in Discussions to Acquire Citigroup
November 20 (Bloomberg) -- The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.
The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup,...
I always knew that someday I would make it big
- #46,684
- Nov 23, 2008 5:34pm Nov 23, 2008 5:34pm
1.2635 is a target now ,but if it's broken 1.2665 will be on the horizon
now 1.2635 cleared ,next target is 1.2665 and i think this level will be tough nut to crack
I always knew that someday I would make it big
- #46,685
- Nov 23, 2008 6:52pm Nov 23, 2008 6:52pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #46,686
- Nov 23, 2008 7:27pm Nov 23, 2008 7:27pm
- Joined Apr 2007 | Status: Trader | 3,055 Posts
I took a fresh look at the monthly chart and tried to be objective about formulating my own opinion about it. So I sat, and stared.What a way to spend a Saturday night...
I put a simple fib on the chart.The PA seems to have been hanging out in the 38.2 to 61.8 area more, relative to the higher and lower areas. I thought that seemed normal. Then I noticed that the time the price spends in that middle area can be for years at a time.
I added a pivot (H+L+C)/3. Note that the pivot is at about the 50% fib area. Also note how...
Interesting theme the monthly chart.
Personally, I look at him even though I can not say I do transactions involving stop on a monthly basis.
In the graphic attached you can see, from my point of view, the reason why this area is hard fought.
There 2 Keltner channel in addition to Keltner Bollinger bands on that chart.
Statistically on Keltnerchannels you can see bounces. This at all timeframes.
At this moment I believe that the channel in yellow function as a magnet.
I believe that the market will touch him... maybe this month ... perhaps the next
This is why I believe that a rebound will be real only after tested the channel
The best thing that can happen to you is to find out where you're wrong.
- #46,687
- Nov 23, 2008 7:36pm Nov 23, 2008 7:36pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Gotta love the symmetry in the universe, or at least my little 1hr portion of it anyway...
I'm starting to incorporate that 14% Fib when it begins to range some. Intruiging...
Out for a couple hours here, cuz JACK'S BACK!!! Saving the world with a cellphone that works anyhere and never dies. arghh arghh arghh...
I'm starting to incorporate that 14% Fib when it begins to range some. Intruiging...
Out for a couple hours here, cuz JACK'S BACK!!! Saving the world with a cellphone that works anyhere and never dies. arghh arghh arghh...
FUBAR...
- #46,689
- Nov 23, 2008 11:46pm Nov 23, 2008 11:46pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Double top on 15M, time to look for a short setup?
- #46,694
- Nov 24, 2008 12:10am Nov 24, 2008 12:10am
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
Been waiting for someone in the forum to mention that....
- #46,697
- Edited 12:40am Nov 24, 2008 12:37am | Edited 12:40am
Been waiting for someone in the forum to mention that....
If you go through the daily charts, these consolidation periods, like the one we are in now, seem to last 2-4 weeks, meaning we are due for a crazy breakout, and I'm not so sure it will be a downward breakout.
I have removed all my entry orders for today, and considering taking the week off.
"having no position is also a position" as they say..
don't forget your SL people.
edit: my chart will be slightly inaccurate since my broker had a 4hour outage this morning >:/
- #46,698
- Nov 24, 2008 1:30am Nov 24, 2008 1:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #46,699
- Nov 24, 2008 1:34am Nov 24, 2008 1:34am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #46,700
- Nov 24, 2008 1:41am Nov 24, 2008 1:41am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
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