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  • #49,241
  • Dec 10, 2008 9:05am Dec 10, 2008 9:05am
Quoting Holypendant
freefalling in progress.. triple top in hourly chart...
It's only triple top if it's triple top. This is definitely not confirmed yet.
  • #49,242
  • Dec 10, 2008 9:11am Dec 10, 2008 9:11am
Quoting mikkom
It's only triple top if it's triple top. This is definitely not confirmed yet.
reversal pin bar would be the best... haha...
  • #49,243
  • Dec 10, 2008 9:15am Dec 10, 2008 9:15am
3080 is yet another resistance. Let`s see... i have s/l there... xD
  • #49,244
  • Dec 10, 2008 9:19am Dec 10, 2008 9:19am
This seems like the Euro and British pound will meet soon...
  • #49,245
  • Dec 10, 2008 9:20am Dec 10, 2008 9:20am
Now we are talking
  • #49,246
  • Dec 10, 2008 9:28am Dec 10, 2008 9:28am
As usual, it will take a while for the price to come close to 1.3 several times. And when it hits 1.3, it will gain momentum downside...
  • #49,247
  • Dec 10, 2008 9:32am Dec 10, 2008 9:32am
Quoting TIckerShuffl
Now we are talking
You've been waiting for a long while (pun intended)...we should hold a little party for you
  • #49,248
  • Dec 10, 2008 9:35am Dec 10, 2008 9:35am
Really careful with shorts now, notice that we have now definitely crossed the 4h/daily trendline. Also notice the yellow levels near us. I'm very surprised if the price will not touch 1.311/312 in the next few days.

If the daily bar closes over 4h/daily trendline (also upper line of consolidation triangle) we have a very bullish signal.
Attached Image (click to enlarge)
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  • #49,249
  • Dec 10, 2008 9:37am Dec 10, 2008 9:37am
I have R1 at 3039. If it can bust thought there, next resistance is at 3081, where I have M4 and a Fib line from the Nov 25th high.
Attached Image (click to enlarge)
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  • #49,250
  • Dec 10, 2008 9:37am Dec 10, 2008 9:37am
I'm out on oil news, waiting for reentry
  • #49,251
  • Dec 10, 2008 9:38am Dec 10, 2008 9:38am
Quoting TradeWell
You've been waiting for a long while (pun intended)...we should hold a little party for you
It's alright, one thing I have right now is time

Out on oil news, but might still rally on guaranteed larger cuts from OPEC.

Catch for OPEC is they need the revenues so they keep drilling no matter what the price is.
  • #49,252
  • Dec 10, 2008 9:39am Dec 10, 2008 9:39am
You guys!!

Well, in Portugal we have a sentence "Estou caladinho que nem um rato"
  • #49,253
  • Dec 10, 2008 9:41am Dec 10, 2008 9:41am
Seems like the month is trying to end positive signaling slow growth in Europe
  • #49,254
  • Dec 10, 2008 9:41am Dec 10, 2008 9:41am
Oil going down after the release. It EUR/USD goes down with it and breaks 1.3000 again, I expect to go down at least back to 1.2900 again. Time to go short at 1.3000 if you ask me...
  • #49,255
  • Dec 10, 2008 9:45am Dec 10, 2008 9:45am
that was cool and heavy short covering. low liquidity and high impact...
  • #49,256
  • Dec 10, 2008 9:47am Dec 10, 2008 9:47am
Quoting BoredToLoose
You guys!!

Well, in Portugal we have a sentence "Estou caladinho que nem um rato"
Aaaa OK like aaaa sure
  • #49,257
  • Dec 10, 2008 9:49am Dec 10, 2008 9:49am

I would not sing victory before killing the hog, but this step downward makes me good hope.


I´m short only with 1, the 2. short at 3040 is not in.. ( for 2pips)



I will be safer below 2977 ( my reference point)

The best thing that can happen to you is to find out where you're wrong.
  • #49,258
  • Dec 10, 2008 9:52am Dec 10, 2008 9:52am
Brent (WTI) is down 2,5$ in few seconds
The best thing that can happen to you is to find out where you're wrong.
  • #49,259
  • Dec 10, 2008 9:53am Dec 10, 2008 9:53am
Quoting Driver55

I would not sing victory before killing the hog, but this step downward makes me good hope.

The drop was mostly because of oil. It's very interesting that reserves were much smaller than expected and we still got this huge drop [in oil prices].
  • #49,260
  • Dec 10, 2008 9:54am Dec 10, 2008 9:54am
Damm fine work !

Now whats in store for us, three drives to the top? Mmm this could be collapse time. Shorted 1.30507, question is will the trend change here and move to retrace this complet 5 wave sequence on the 4h chart.

I sure hope so.

Looks like this is a spike candle a nice sign.

Smalldog
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