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  • #58,321
  • Jan 22, 2009 6:59pm Jan 22, 2009 6:59pm
Lotta bears here...
  • #58,322
  • Jan 22, 2009 7:01pm Jan 22, 2009 7:01pm
Quoting TIckerShuffl
Lotta bears here...


But I could be wrong..
  • #58,323
  • Jan 22, 2009 7:04pm Jan 22, 2009 7:04pm
heh looks like 1.3050 key area. Generally I think it's bullish, but I am in AUD thinking downside less perilous.

I am getting very bullish feeling in equity markets...I think the big pop may be coming for US equity markets.
  • #58,324
  • Jan 22, 2009 7:05pm Jan 22, 2009 7:05pm
Quoting TIckerShuffl
Lotta bears here...
http://www.wooftease.com/shirts/shirt_redbear.jpg
Not all sins are created equal
  • #58,325
  • Jan 22, 2009 7:05pm Jan 22, 2009 7:05pm
Long since 1.2930 and holding.. SL at breakeven..

Wait for a retracement, maybe 1.2950/00, depend the PMI results..

I dont believe the USDx will break 86.30
  • #58,326
  • Jan 22, 2009 7:05pm Jan 22, 2009 7:05pm
i agree with your charts they document what has happend and most likely direction of the future.. during that period.. we had.. hurricanes.. russia .. pipeline troubles.... israel....hyjacking.... this could happen tomorow again.. more then likely oil producing coutries like unrest. and some fund it...i know... this may spike things..but now storage is full and we are using less.. U.S. is buying less cheap crap from chindia... further reducing demand..further reducing u.s. deficit... making dollar stronger... making oil cheap for u.s. but more expecive for other currencies..further reducing demand..U.S. has bad economic times.... employment (U.S.) shrinking further reducing oil demand and snowballing all i said above. This will not change untill U.S. spends period...U.S. is the biggest economy and now are saving money (not spending).. Japan is second they always have saved their money. Japans biggest consumer is the U.S. So now Japan an export economy cant sell goods cause U.S. aint buying..Strong yen further hurting this..... now austraila is feeling the heat cause china is slowing down and china is hurting cause we (U.S.) aint buying as much cheap crap at wallmart.. even with tuff economy wallmart sales are starting to slip (upper class people now shop wallmart now including madoff billionairs ) oil producers cant shut the valves and will cheat to sell more oil at cheaper price. there tankers loaded with oil all around the world right now looking for a place to unload. and we are still early in this crap...it will not change untill u.s. starts spending...Period... there will be spikes but dollar is king for now..
those who can, do. those who cant, talk about those who can
  • #58,327
  • Jan 22, 2009 7:06pm Jan 22, 2009 7:06pm
Quoting TIckerShuffl
heh looks like 1.3050 key area. Generally I think it's bullish, but I am in AUD thinking downside less perilous.

I am getting very bullish feeling in equity markets...I think the big pop may be coming for US equity markets.

Is there some pending news or other fundamentals that you are looking at that led you to be bullish?
  • #58,328
  • Jan 22, 2009 7:07pm Jan 22, 2009 7:07pm
P/A is hovering over the Pivot Level, which indicates, BULL are in charged. Im playing the price action direction based on the nearest pivot point - S/R lines, looking for my target to be reached.
  • #58,329
  • Jan 22, 2009 7:08pm Jan 22, 2009 7:08pm
Quoting gatorinla
i agree with your charts they document what has happend and most likely direction of the future.. during that period.. we had.. hurricanes.. russia .. pipeline troubles.... israel....hyjacking.... this could happen tomorow again.. more then likely oil producing coutries like unrest. and some fund it...i know... this may spike things..but now storage is full and we are using less.. U.S. is buying less cheap crap from chindia... further reducing demand..further reducing u.s. deficit... making dollar stronger... making oil cheap for u.s. but more expecive...

MAN this is excellent analysis... thanks a lot!
  • #58,330
  • Jan 22, 2009 7:11pm Jan 22, 2009 7:11pm
Quoting Jhig
P/A is hovering over the Pivot Level, which indicates, BULL are in charged. Im playing the price action direction based on the nearest pivot point - S/R lines, looking for my target to be reached.

By my analysis, the 1hr candle just opened below pivot and is goin south.

[EDIT]: we also have 1HR STOCH pointing down & RSI crossing below 50... nothing definitive, just watching.
[EDIT2]: I notice also on the 4hr that there is a case of STOCH Convergence and RSI below 50 also...
[EDIT3 4HOUR CCI is showing signs of convergence also and pointing downward. & 1HOUR CCI is showing SLIGHT Divergence with the current retracement.

Lots of bearish confirmations if you ask me.
  • #58,331
  • Jan 22, 2009 7:18pm Jan 22, 2009 7:18pm
Quoting GrnEydGuy
By my analysis, the 1hr candle just opened below pivot and is goin south.

[EDIT]: we also have 1HR STOCH pointing down & RSI crossing below 50... nothing definitive, just watching.
[EDIT2]: I notice also on the 4hr that there is a case of STOCH Convergence and RSI below 50 also...
I currenty have a Short/SELL order open at the moment. When Im not trading the daily chart, I intraday trade off the 5 min chart using Pivots Points/Supprt Resistance Levels. On the 5 min chart, shows a downward move with a target of 1.2968.

Pivot Point = Blue Dotted Line
S/R Level = Solid Lines
Attached Image
  • #58,332
  • Edited 7:32pm Jan 22, 2009 7:24pm | Edited 7:32pm
Pivots for today from 5pm EST

Included tonite are 2 hrs of PA from the daily open at 5pm where the pivot lines start, and also the QP's for the zones in the current range in Aqua. Those are what I call Quarter Points, simply the mid points between main pivots. You can claculate any others the same way if needed...

Central pivot ((opening price at 5pm)) tonite of 2999 is irrelevant as it's only 3 pips from the Daily so I've left it off as well.

This kind of ranging action is perfect environment for the QP's to be effective. It's my own observation far as I know, so no sense Googling it for more info. Stick them on your screen, watch price react and draw your own conclusions if you find them helpful...

I wouldn't be w/o them, but that's just me and my silly indicators talkin here.

Added the HLC data below from my daily for comparison if your pivots are significantly different...

Not trading tonite other than a small short been in play for awhile. Cheers
Attached Images
FUBAR...
  • #58,333
  • Jan 22, 2009 7:30pm Jan 22, 2009 7:30pm
USD/CHF Peaking in 30MIN Downward channel. Waiting for it to break... doesn't look like its gonna happen.
  • #58,334
  • Jan 22, 2009 7:33pm Jan 22, 2009 7:33pm
Quoting gatorinla
i dont know what to do with myself.. not in any trades and missed the boat on the chf/usd long.. might come back to my set entry of 1510 oh well if it dont fit dont force it..
i would not be surprised if eu fail to reach most our target of 3113/3129ish i would be thankful to short it at 3085 if i got the chance could always add if it got higher....
im looking for the n/j entry to short 47.5 area..tp hopfully 42.77ish (unlikely for now)..but will bail if it stalls again. i want to short the gbp but cant find a top on chart since it dropped so fast.....
Here's a thought; Quit Measuring Yourself against others.

Improve YOU! That's why the Ancients are still here.
  • #58,335
  • Jan 22, 2009 7:36pm Jan 22, 2009 7:36pm
Quoting GrnEydGuy
Hey folks, just looking for some feedback on this EW chart and targets...

Lemme know what you think.

[EDIT]: I think wave 3 might actually reach S2 as the 3rd wave is generally the longest of the motive waves and at S1 it is almost dead even with wave 1.
Hold your breath and don't get pissed it's just my thoughts
Aaaah, no comes to mined. EW's are subjective to the interpretation of the individual. Trust me your count on the wave is probably as good as any, probably better than mine. The point of any trade plan is that it must be obvious to the main money movers. There is way to much crap to get though to make your wave count work on the bottom end.
EW's do work out but they don't come like grapes.
If you liked the last link try these
http://www.traderslog.com/gartley-222.htm
http://www.nobrainertrades.com/2008/...t-pattern.html
  • #58,336
  • Jan 22, 2009 7:40pm Jan 22, 2009 7:40pm
Quoting Bemac
Here's a thought; Quit Measuring Yourself against others.

Improve YOU! That's why the Ancients are still here.

There will be no Exams during This Semester Or the Next.
Do what is Good For You.
ok.. debate helps me though.. you may show me something i am missing..hopefully i do the same for others..charts dont lie they document the past. reality makes the future and future charts, both should at least be considered. I know i sound like a 21 yr old but in reality im ans ancient also..granpa... debate does improve me i think. at least i think i think..
*L* keep me in reality
those who can, do. those who cant, talk about those who can
  • #58,337
  • Jan 22, 2009 7:44pm Jan 22, 2009 7:44pm
Anyone know if Bloomberg has an RSS news feed?
  • #58,338
  • Jan 22, 2009 7:47pm Jan 22, 2009 7:47pm
Quoting GrnEydGuy
USD/CHF Peaking in 30MIN Downward channel. Waiting for it to break... doesn't look like its gonna happen.
i tried to catch that train earlier.. its in a earlier post.. missed it but still got an entry but expect it to go back north...entry i think is 1508.. tp 1750ish if it comes back... sl is limited s3 i think was 1403...so if u use s1 there is plenty of oportunity
those who can, do. those who cant, talk about those who can
  • #58,339
  • Jan 22, 2009 7:49pm Jan 22, 2009 7:49pm
Quoting gatorinla
i tried to catch that train earlier.. its in a earlier post.. missed it but still got an entry but expect it to go back north...entry i think is 1508.. tp 1750ish if it comes back... sl is limited s3 i think was 1403...so if u use s1 there is plenty of oportunity

Are you trading any other pairs?
  • #58,340
  • Jan 22, 2009 8:00pm Jan 22, 2009 8:00pm
Quoting GrnEydGuy
Are you trading any other pairs?
got a small short eu...waiting to see what gonna happen.. got a pending order kiwi/yen short entry 47.50 but will get in manually if close..tp 42.77 (wishful thinking) this will be my 4th time running this trade in 2.5 days made over 300 pips doing this in 3 trades..i bail when it turns bullish.. look for another entry..looking for the au to breakout..plus chf
those who can, do. those who cant, talk about those who can
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