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  • #57,701
  • Jan 20, 2009 4:46pm Jan 20, 2009 4:46pm
Quoting ak4x
Pivots for today from 5pm EST. Decent range between them so mind those QP's again.

Price break from Central back below M2 is unclear atm. It could be the bias for the asian session again like last night... makes senses in this strong downtrend.

OR... it could be stop clearing below to clear the way for the retrace north I'm/we're all still looking for... also makes sense. It's very tricky right now. :nerd:

I won't be surprised whatever it does, I just have no idea what it will do.

Scalping the BB's in the meantime... 30-40 pip...

Thanks for your help
I must admit though I'm beginning to think it will turn I'm so ashamed.
  • #57,702
  • Jan 20, 2009 4:56pm Jan 20, 2009 4:56pm
Quoting knuckledrag
Thanks for your help
I must admit though I'm beginning to think it will turn I'm so ashamed.
i've lost track of who's where... turn up or turn down from here?((2860))

and why ashamed? did you do a boo-boo? :nerd:
FUBAR...
  • #57,703
  • Jan 20, 2009 5:00pm Jan 20, 2009 5:00pm
not calling a bottom, but 2856 is holding again......
  • #57,704
  • Jan 20, 2009 5:02pm Jan 20, 2009 5:02pm
I am long from 2865.
  • #57,705
  • Jan 20, 2009 5:06pm Jan 20, 2009 5:06pm
You guys why would you bet against the trend? TP 1.27
  • #57,706
  • Jan 20, 2009 5:07pm Jan 20, 2009 5:07pm
Quoting KiNg Of PiPs
I am long from 2865.
Can I ask you Why??

Intuition???
  • #57,707
  • Jan 20, 2009 5:08pm Jan 20, 2009 5:08pm
IMO: at least 3000 should be strong support to go long
/ ... clarifying decisions ... /
  • #57,708
  • Jan 20, 2009 5:20pm Jan 20, 2009 5:20pm
Quoting ak4x
i've lost track of who's where... turn up or turn down from here?((2860))

and why ashamed? did you do a boo-boo? :nerd:
No boo-boo (well thous do happen) but the loss of faith in the trend. I don't know if it will turn but I don't want to hold any shorts.
  • #57,709
  • Edited 5:32pm Jan 20, 2009 5:21pm | Edited 5:32pm
Watching what happens at 2844 QP VERY closely... if it bounces hard, then the 2856 support is still intact in my view as the opposite direction quarter point tap sometimes preceeds price rocketing off for awhile the other direction... think of it like a main pivot hit.

If it penetrates and clears it , then all bets off and main downtrend back in play for time being... wouldn't go long if you beat me.
Attached Image
FUBAR...
  • #57,710
  • Jan 20, 2009 5:42pm Jan 20, 2009 5:42pm
Digesting how best to bust M2 at 2880... ((psych plus pivot))

on another note... fwiw, ej is hard up against the bottom of some old high TF TL on my mt4 chart, don't even remember what it is, just that it's been respecting it for hours now whenever it gets near it... if it clears to the upside, then it could drag eu up with it (chart is EJ, goofed on text)

Attached Image
FUBAR...
  • #57,711
  • Jan 20, 2009 5:51pm Jan 20, 2009 5:51pm
Quoting ak4x
Digesting how best to bust M2 at 2880... ((psych plus pivot))

on another note... fwiw, ej is hard up against the bottom of some old high TF TL on my mt4 chart, don't even remember what it is, just that it's been respecting it for hours now whenever it gets near it... if it clears to the upside, then it could drag eu up with it (chart is EJ, goofed on text)

LLs on 1/06 and 1/15
/ ... clarifying decisions ... /
  • #57,712
  • Jan 20, 2009 5:52pm Jan 20, 2009 5:52pm
Quoting walb99
LLs on 1/06 and 1/15
FUBAR...
  • #57,713
  • Edited 9:19pm Jan 20, 2009 5:56pm | Edited 9:19pm
Some other QP's I'm using tonite...
3088
3027
2978
2828
2892 (weak one, too close to other primary levels)
2844
2732
Enjoy
FUBAR...
  • #57,714
  • Jan 20, 2009 6:02pm Jan 20, 2009 6:02pm
USD/CHF at point to neutralize
Attached Image (click to enlarge)
Click to Enlarge Name: 2009.01.21 00.59.gif Size: 23 KB
/ ... clarifying decisions ... /
  • #57,715
  • Jan 20, 2009 6:03pm Jan 20, 2009 6:03pm
Currently nursing 2 longs, one from 2858 and the other at 2880. That last one has a 10 pip stop and counter trend scalps are usually smaller than my pro trend trades. also a single short from higher up that doesn't need nursing.

I'm liking the PA at the pivot (2880) and think it's worth 10 pips to buy a ticket north for awhile. we'll see. i've put all the numbers i'm using tonite on recent posts, and tried to explain how they work for me, so everyone have fun and trade careful... i'm busy trading or doing other stuff for awhile.
FUBAR...
  • #57,716
  • Jan 20, 2009 6:13pm Jan 20, 2009 6:13pm
Do you think when this mega downtrend comes to a bottom we will see a massive retracement equally fast??

Also, I'm seeing macd divergence on the 30 and the 1hr....
  • #57,717
  • Jan 20, 2009 6:33pm Jan 20, 2009 6:33pm
IMO We are at the end of the bull flag, but no signal to go long yet.
/ ... clarifying decisions ... /
  • #57,718
  • Jan 20, 2009 6:41pm Jan 20, 2009 6:41pm
Quoting weswes
Do you think when this mega downtrend comes to a bottom we will see a massive retracement equally fast??

Also, I'm seeing macd divergence on the 30 and the 1hr....
Uptrends are "usually" slower that the turns down. Right now, there is not much to drive things up form the Euro zone. May see some ranging for awhile.
JMHO
  • #57,719
  • Jan 20, 2009 6:46pm Jan 20, 2009 6:46pm
should we proceed with short for time being ....
  • #57,720
  • Jan 20, 2009 6:53pm Jan 20, 2009 6:53pm
Quoting laharjaya
should we proceed with short for time being ....
If you're already in and you can afford to... othersie just wait a bit. It's bumping back from the support at 1.2856 but don't think this retracement is a hard reversal signalling the EUR bull just yet
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