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  • #48,201
  • Dec 4, 2008 12:04am Dec 4, 2008 12:04am
That was a nice 50ish pip downside move. Great for the scalpers here. But again, most volume is at the lows, not the highs. And, imho, that is the real story here...... then again, I have been wrong many times before with predictions.
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  • #48,202
  • Dec 4, 2008 12:04am Dec 4, 2008 12:04am
Quoting traderathome
I deleted my posts regarding trading results........that no one should be upset or assume anything. It was a mistake. I apologize to anyone I disturbed.
its all good man! you did an outastanding job by disclosing your trades and progress which is awesome to see! Keep up the great work and you will have a very profitable next year!
  • #48,203
  • Dec 4, 2008 12:29am Dec 4, 2008 12:29am
freaking psycho pa is makin me a little weird. (i hear that snickering jaywalker, keep a sock in it)

just remember the yen can be reYENtless.

closed everything up tight and very very green and am going to bed. no open trades. i don't care what happens. g'nute
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FUBAR...
  • #48,204
  • Dec 4, 2008 12:42am Dec 4, 2008 12:42am
Quoting ak4x
(i hear that snickering jaywalker, keep a sock in it)
http://www.planetrodi.net/MARCO%2021...in%20mouth.jpg
Not all sins are created equal
  • #48,205
  • Dec 4, 2008 12:46am Dec 4, 2008 12:46am
i wanted to point something out when it comes to rate cuts. we all know the ecb plans to cut rates later tonight and that is what is expected. we have seen this with the euro weakness this whole week. after rate decision is announced though..it is imperative to be aware that it is not the actual rate cut that will move the markets. It is the statement presented which indicates whether they plan further rate cuts in the future or to put things on pause. a dovish attitude will push eur/usd even more down obviously but if they say thats it for now(no more rate cuts planned any time soon)...we may see a bull run...careful all...this is going to be one dangerous night to trade..same applies for the pound
Different opinions highly valued, ignorant to slander.
  • #48,206
  • Dec 4, 2008 1:08am Dec 4, 2008 1:08am
Doblece, thank you for adding the extra two levels to SweetSpots defaulted to 33 and 66, when you improved it to work with 5-Point platforms.

I have been observing EU and EJ on the 5 chart bouncing on the "66" level. EJ just broke down thru it to the half number, but that doesn't invalidate the significance of your two added levels.

Again, thank you.
  • #48,207
  • Edited 1:43am Dec 4, 2008 1:26am | Edited 1:43am
Quoting psiholog
i wanted to point something out when it comes to rate cuts. we all know the ecb plans to cut rates later tonight and that is what is expected. we have seen this with the euro weakness this whole week. after rate decision is announced though..it is imperative to be aware that it is not the actual rate cut that will move the markets. It is the statement presented which indicates whether they plan further rate cuts in the future or to put things on pause. a dovish attitude will push eur/usd even more down obviously but if they say thats it for now(no...
Ok, ok, ok, Psiholog...blah, blah, blah. And "be careful"? Aw, c'mon now. We see the heavy volume that comes in each time they manipulate it down for a better price as they increase long positions..... So, in conclusion, the Big Boy manipulators have everything well in hand. They already know which way they are going to (hint) pump it once the "talking heads" have played their part on the stage.....

(heh, heh....)

Edit: The way they are working it down, any rate cut and "talking head" fumbles will already be built in. The manipulators are set to let the retailers go short out of the gate on "bad news" as they themselves take the long side of those positions.....just before RAMMING IT NORTH! Just an opinion.
  • #48,208
  • Dec 4, 2008 1:40am Dec 4, 2008 1:40am
Quoting traderathome
Doblece, thank you for adding the extra two levels to SweetSpots defaulted to 33 and 66, when you improved it to work with 5-Point platforms.

I have been observing EU and EJ on the 5 chart bouncing on the "66" level. EJ just broke down thru it to the half number, but that doesn't invalidate the significance of your two added levels.

Again, thank you.
I'm glad it has been useful to you as it is to me
  • #48,209
  • Dec 4, 2008 1:45am Dec 4, 2008 1:45am
Check this out, got the Double Top with the Lower High, then we get yet another Inside Bar for continuation. I love it when a plan comes together.

Jim
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  • #48,210
  • Dec 4, 2008 1:45am Dec 4, 2008 1:45am
Quoting psiholog
It is the statement presented which indicates whether they plan further rate cuts in the future or to put things on pause. a dovish attitude will push eur/usd even more down obviously but if they say thats it for now(no more rate cuts planned any time soon)...we may see a bull run...
With given condition, they can't claim that the rate cut is over or over for now...

Well..
Sonic
  • #48,211
  • Dec 4, 2008 1:50am Dec 4, 2008 1:50am
today and tomorrow are going to be exciting...
increase your stops and many pips to all of you.
everything screams short to me... I won't be long until 1.2250
  • #48,212
  • Dec 4, 2008 1:54am Dec 4, 2008 1:54am
EU 4hr chart has BB pinch now.... PA has bounced off the weekly fibo S1 level (red arrow). And PA pattern may well be on its way to higher highs and higher lows, especially if it breaks the daily fibo R2 level (red arrow). That is what I am looking for...
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  • #48,213
  • Dec 4, 2008 2:05am Dec 4, 2008 2:05am
Quoting hard1head1
Check this out, got the Double Top with the Lower High, then we get yet another Inside Bar for continuation. I love it when a plan comes together.

Jim
Or, a head fake to the downside, sucking retailers into shorts, while the manipulators of the head fake take opposite long side positions .....which is more consistent with the high volumes at the lows and the low volumes at the highs, which has been the case since the open of yesterdays session.

Just an opinion, but this really looks like a con job, soon to go north. But then I have been wrong mucho before.
  • #48,214
  • Dec 4, 2008 2:22am Dec 4, 2008 2:22am
Some additional observations from the 4hr chart......

A Double Bottom broke up and PA then retraced to "W" mid-point, and has lingered since. The retrace to that level is quite common. And we understand the reason for the ranging/consolidation currently. Certainly, the BB pinch breakout could go either way, but with this "W" type breakout and mid-point retrace, it is also common that the PA go north subsequently......we will see.
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  • #48,215
  • Dec 4, 2008 2:34am Dec 4, 2008 2:34am
cause im freeeeeee........freee falllin'
  • #48,216
  • Dec 4, 2008 2:52am Dec 4, 2008 2:52am
Just got to follow the signs in the road. We are now attempting to break the 4 Hr UTL. And have arrived at yesterdays bottom.

Jim
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  • #48,217
  • Dec 4, 2008 3:03am Dec 4, 2008 3:03am
Ok guys, we may test the underside of this 4 Hr DTL. It's not rocket science, Guys, here is how I attacked this trade for those who want to know.
First, we know the rate decision is coming out at 7:45 and we know they expect a bad number, so you suspect down move. Ok, now you see the signs. 1) The Double Top with the lower high. 2) The break and test of the Daily Pivot and DTL. 3) The Inside bar to confirm continuation. The result is one nice trade/

Jim
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  • #48,218
  • Dec 4, 2008 3:06am Dec 4, 2008 3:06am
Good morning all,

Nearly made T2 yesterday, better then expected bullish break out
Hope you all enjoyed the ride down over night...I know I did...

Once again careful trading in European session.
Closed my short @1.2555 just now before hitting S2 @1.247

This can jump up like a stretched string.....

Dax opens very strong, Oil and Gold not sinking a lot

IMO we see a retrace before the rate cut decision later this PM

I'm on the sideline for the moment, to risky to enter, will update when I see a better possibility.

As always...Just my 2 cents...
  • #48,219
  • Dec 4, 2008 3:07am Dec 4, 2008 3:07am
Quoting hard1head1
Ok guys, we may test the underside of this 4 Hr DTL. It's not rocket science, Guys, here is how I attacked this trade for those who want to know.
First, we know the rate decision is coming out at 7:45 and we know they expect a bad number, so you suspect down move. Ok, now you see the signs. 1) The Double Top with the lower high. 2) The break and test of the Daily Pivot and DTL. 3) The Inside bar to confirm continuation. The result is one nice trade/

Jim
nice work, have you got a target --- short of hell
  • #48,220
  • Dec 4, 2008 3:07am Dec 4, 2008 3:07am
If we break 1.2562 then the next longer term target would be the bottom of that Daily Triangle at 1.2458.

Jim
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