A break of 1.3250 will eventually take it to the lows of London session...
- #49,883
- Dec 12, 2008 12:54am Dec 12, 2008 12:54am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #49,884
- Dec 12, 2008 12:55am Dec 12, 2008 12:55am
- | Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts
- #49,887
- Dec 12, 2008 12:58am Dec 12, 2008 12:58am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #49,889
- Dec 12, 2008 1:09am Dec 12, 2008 1:09am
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- #49,892
- Dec 12, 2008 1:15am Dec 12, 2008 1:15am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
Well... Trading at the open of a session can give you a nice trend start if you catch it in the right direction.
I know about the double top, but when london opens you could have another retest. we're at 1.32 now. don't like huge stops.
you see. by your own words. you have to catch the right direction. if you are wrong, you will usually lose a lot of pips fast. I've seen too many times whipsaw at the open. US and London especially
I know about the double top, but when london opens you could have another retest. we're at 1.32 now. don't like huge stops.
- #49,895
- Dec 12, 2008 1:21am Dec 12, 2008 1:21am
Waiting for it to clearly breach the daily pivot 1.3251....
thanks,
mm
He who hesitates is hesitant....which always leads to bad entries.
- #49,896
- Dec 12, 2008 1:25am Dec 12, 2008 1:25am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
PA so far to the Frankie open... pretty good example again of ranging action between the central, the QP (aqua) and M3/DP pivots. Notice that big bear candle in the middle of the chart shot down almost to the pip on the 3296 QP... and a few candles later, right back down to it again before the drop to the DP. sweet
The fibs could be very important tonite as well with these wide spreads between pivots. Price will frequently react to a fib when there's no pivot nearby and no gas to get to one.
A break of the daily is critical, but I would be on the lookout for a bounce at M2 back to the upside somewhere just to confuse the picture before maybe dropping further. There is a QP at 3440 where it could turn since it's quite a way back up to R1.
To me this seems more likely during the frankie session than London. in any event, i'm tired of second guessing this market tonite and it's makin me think funny.
tomorrow is friday, there's 2 sessions left to do what it's going to do and tomorrow I have no plans to be anywhere near a puter trading. I honestly think anything is possible tonite and hope ya'll are on the right side of whatever it is.
g'nite and trade carefully
The fibs could be very important tonite as well with these wide spreads between pivots. Price will frequently react to a fib when there's no pivot nearby and no gas to get to one.
A break of the daily is critical, but I would be on the lookout for a bounce at M2 back to the upside somewhere just to confuse the picture before maybe dropping further. There is a QP at 3440 where it could turn since it's quite a way back up to R1.
To me this seems more likely during the frankie session than London. in any event, i'm tired of second guessing this market tonite and it's makin me think funny.
tomorrow is friday, there's 2 sessions left to do what it's going to do and tomorrow I have no plans to be anywhere near a puter trading. I honestly think anything is possible tonite and hope ya'll are on the right side of whatever it is.
g'nite and trade carefully
FUBAR...
- #49,897
- Dec 12, 2008 1:27am Dec 12, 2008 1:27am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #49,898
- Dec 12, 2008 1:27am Dec 12, 2008 1:27am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
