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  • #47,421
  • Nov 28, 2008 7:55am Nov 28, 2008 7:55am
Quoting macockiner2
sorry can yyou please tell me what MS4 stands for

Thanks
MS4 is medium support line, it currently acts as hourly resistance

Re-entered short @1.2774
  • #47,422
  • Nov 28, 2008 7:57am Nov 28, 2008 7:57am
Quoting Shadowfx
Please do NOT follow my posts blind...

We see a retrace now..I'm looking for a short re-entry around 1.2774
Good call, on the number (2774). That short just made you 30 pips.
Up or down, gimme a ticket
  • #47,423
  • Nov 28, 2008 7:57am Nov 28, 2008 7:57am
Quoting Shadowfx
MS4 is medium support line, it currently acts as hourly resistance

Re-entered short @1.2774
Thanks Shadowfx

Oh i re-entered short as well, how low do you think we can go now??
  • #47,424
  • Nov 28, 2008 7:57am Nov 28, 2008 7:57am
Quoting Shadowfx
MS4 is medium support line, it currently acts as hourly resistance

Re-entered short @1.2774

where the short will go...< 1.2680?
  • #47,425
  • Nov 28, 2008 8:02am Nov 28, 2008 8:02am
Its thin trading today, post thanks giving
We will know more in 30 min and see how the DJI reacts

My target still is the weekly pivot @1.261

Just my 2 cents...
  • #47,426
  • Nov 28, 2008 8:05am Nov 28, 2008 8:05am
Quoting macockiner2
Thanks Shadowfx

Oh i re-entered short as well, how low do you think we can go now??
It helps if you have pivot lines on your chart. You can watch the PA in relationship to them to help you determine possible continuation or retracement.
  • #47,427
  • Nov 28, 2008 8:07am Nov 28, 2008 8:07am
Remember, the stock market will close early today. Noon?
Up or down, gimme a ticket
  • #47,428
  • Nov 28, 2008 8:08am Nov 28, 2008 8:08am
Quoting Shadowfx
Its thin trading today, post thanks giving
We will know more in 30 min and see how the DJI reacts

My target still is the weekly pivot @1.261

Just my 2 cents...
I guess that makes me 2 cents richer...
  • #47,429
  • Nov 28, 2008 8:08am Nov 28, 2008 8:08am
Quoting SpecialEd
Remember, the stock market will close early today. Noon?
Not only that, its also Friday and end of the month..read tricky day..
  • #47,430
  • Nov 28, 2008 8:11am Nov 28, 2008 8:11am
Quoting Shadowfx
Its thin trading today, post thanks giving
We will know more in 30 min and see how the DJI reacts

My target still is the weekly pivot @1.261

Just my 2 cents...
Well I just want to say thanks Shadowfx, your 2 cents made me my 2 cents good call, have to go to work now....thanks again.

Cheers
  • #47,431
  • Nov 28, 2008 8:13am Nov 28, 2008 8:13am
As a simple help for newbees..trend is clear on the 5 min chart
As long as the upper trendline from 1.2938 crossing down to 1.27750 does not break your short is safe...
  • #47,432
  • Nov 28, 2008 8:20am Nov 28, 2008 8:20am
You can't ask for more short confirmation than this. 4 Hr Triangle, Tweezer Tops, Failure to break inside top, and to top it all off, a break of the head and shoulders neckline at 2800. Not rocket science, My long range target is the X.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
  • #47,433
  • Nov 28, 2008 8:23am Nov 28, 2008 8:23am
Quoting hard1head1
You can't ask for more short confirmation than this. 4 Hr Triangle, Tweezer Tops, Failure to break inside top, and to top it all off, a break of the head and shoulders neckline at 2800. Not rocket science, My long range target is the X.

Jim
Good to see your still around Jim, hope all is well
  • #47,434
  • Nov 28, 2008 8:27am Nov 28, 2008 8:27am
thank u evryone for making contributions today i have learnt and made a lot from y'all God bless u.
  • #47,435
  • Nov 28, 2008 8:34am Nov 28, 2008 8:34am
Quoting hard1head1
You can't ask for more short confirmation than this. 4 Hr Triangle, Tweezer Tops, Failure to break inside top, and to top it all off, a break of the head and shoulders neckline at 2800. Not rocket science, My long range target is the X.

Jim
Could you explain "inside top"? I haven't seen that explained anywhere.
  • #47,436
  • Nov 28, 2008 8:35am Nov 28, 2008 8:35am
Quoting hard1head1
You can't ask for more short confirmation than this. 4 Hr Triangle, Tweezer Tops, Failure to break inside top, and to top it all off, a break of the head and shoulders neckline at 2800. Not rocket science, My long range target is the X.

Jim
Yes and i still belive that 'x' on your chart can still break further next week. We'll have to wait and see, as for now i belive there are more shorts being added.
  • #47,437
  • Nov 28, 2008 8:38am Nov 28, 2008 8:38am
Quoting TradeWell
Could you explain "inside top"? I haven't seen that explained anywhere.
The one with the white sphere on it in his chart.
It's "inside" because it's a top but lower than previous top.
  • #47,438
  • Nov 28, 2008 8:48am Nov 28, 2008 8:48am
Pair has tried to break level indicated here and we may see major retracment perhaps back to the 2818 level. Indecisivness in the market now after hitting that 4 Hr high, "In circle". and has formed a nice Double Bottom and higher low on the 15 min T/F.

As for the Inside top, its basically a failure of a previous high, formed by the body of that high, which I learned some time ago from a girl named Tamara, AKA: Tamkras, who is a veteran of FF and left for a while. I have heard she is returning and I can't wait.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
  • #47,439
  • Nov 28, 2008 8:50am Nov 28, 2008 8:50am
Appreciate the help.

Jim

Quoting doblece
The one with the white sphere on it in his chart.
It's "inside" because it's a top but lower than previous top.
  • #47,440
  • Nov 28, 2008 8:50am Nov 28, 2008 8:50am
Quoting hard1head1
Pair has tried to break level indicated here and we may see major retracment perhaps back to the 2818 level. Indecisivness in the market now after hitting that 4 Hr high, "In circle". and has formed a nice Double Bottom and higher low on the 15 min T/F.

As for the Inside top, its basically a failure of a previous high, formed by the body of that high, which I learned some time ago from a girl named Tamara, AKA: Tamkras, who is a veteran of FF and left for a while. I have heard she is returning and I can't wait.
That is also some of the stuff that James16 teaches on his thread, a long-time FF success. http://www.forexfactory.com/showthread.php?t=2331
Up or down, gimme a ticket
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