Hell may be where it goes if that number is worse than advertised.
LOL
LOL
nice work, have you got a target --- short of hell
- #48,223
- Dec 4, 2008 3:16am Dec 4, 2008 3:16am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
GY and EJ both just tapped their respective 1hr UTL's.
My GY line is drawn from the wick tops, and my EJ line is drawn off the candle body tops. Price immediately stalled at those points on both pairs, and I am short from the same. What's nice about these entry points is you can use much tighter stops than normal with much larger reward ratios.
This behavior has been fairly common lately on afternoon surges on the DOW. It is turning into my favorite time of the day...
I'm short from 2709 EU as well, and I honestly didn't even look at the...
Beautiful work. Once again, I signed off to get some sleep and missed the action.
Up or down, gimme a ticket
- #48,224
- Dec 4, 2008 3:16am Dec 4, 2008 3:16am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
Lets see what this 30 Min candle does, it may form a pin and come back up and test the bottom of that Triangle. If that happens, you can get in there.
Jim
- #48,225
- Dec 4, 2008 3:18am Dec 4, 2008 3:18am
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......
Current move caused by "Sweden's Riksbank shocks with a 175bp rate cut and the market rushes to adjust positions ahead of what is expected to be hefty BOE and ECB rate reductions"
Currently watching if MS2 @1.25895 holds..if then I expect a retrace towards S1@ 1.26320 (t1) and [email protected] before the rate figures are published.
As always..just my 2 cents...
- #48,232
- Dec 4, 2008 3:41am Dec 4, 2008 3:41am
- | Joined Nov 2008 | Status: Memento audere semper | 186 Posts
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...
- #48,236
- Dec 4, 2008 4:03am Dec 4, 2008 4:03am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
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...
Up or down, gimme a ticket
- #48,237
- Dec 4, 2008 4:07am Dec 4, 2008 4:07am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #48,238
- Dec 4, 2008 4:10am Dec 4, 2008 4:10am
- Joined Jul 2008 | Status: Trader | 1,722 Posts
Well guys,
I dont think that in the next hours we will se a new low.... at last for now.. we have a real resitance at 2640 and support at 2575... I believe we stay here for the next hours
Up or down, gimme a ticket