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  • #8,881
  • Feb 16, 2009 11:32am Feb 16, 2009 11:32am
Quoting sam0182
USD/CHF

...please
[sarcastic mode]Nice easy pair that's not ranging then![/sarcastic mode]
  • #8,882
  • Edited 12:48pm Feb 16, 2009 11:42am | Edited 12:48pm
Not planning much for this pair until we hit 11830 which could give a nice sell.

Until then there's been a couple of good scalps from 11700.

Possibility of a trend trade if it ever makes it back down to 11500-11474 and the bottom of a former bucket.

Daily TL providing a bit of s/r here and there.
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  • #8,883
  • Feb 16, 2009 12:16pm Feb 16, 2009 12:16pm
Quoting RedCabbage
Bored. Need to promoye a discussion.

Anyone got a particlar pair they want me post a chart for?
How about good ol' Cable.
  • #8,884
  • Feb 16, 2009 12:25pm Feb 16, 2009 12:25pm
Paul, thanks for the chart. I don't typically look on timeframes that low to identify trades, only to manage them, so that's why I missed the repeated bouncing off the 8925 area.
  • #8,885
  • Feb 16, 2009 1:14pm Feb 16, 2009 1:14pm
Thanks RC!
  • #8,886
  • Feb 16, 2009 1:19pm Feb 16, 2009 1:19pm
Quoting pipeye
How about good ol' Cable.
Lots of round numbers in play here. Sundays gap it yet to be filled but I like the look of a revisit to 14100-14050 for a long and maybe a future short from the around the 61.8 Fib and 14700.
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  • #8,887
  • Feb 16, 2009 1:33pm Feb 16, 2009 1:33pm
Quoting RedCabbage
Lots of round numbers in play here. Sundays gap it yet to be filled but I like the look of a revisit to 14100-14050 for a long and maybe a future short from the around the 61.8 Fib and 14700.
Thanks RC. I am looking at the 1.4430-1.4450 area for a sell. If you look at the pattern on the 4 hour chart, it looks as if we are coming up to test the right shoulder of a nice looking Head and Shoulders pattern.
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  • #8,888
  • Feb 16, 2009 1:41pm Feb 16, 2009 1:41pm
Quoting pipeye
Thanks RC. I am looking at the 1.4430-1.4450 area for a sell. If you look at the pattern on the 4 hour chart, it looks as if we are coming up to test the right shoulder of a nice looking Head and Shoulders pattern.
Yes there's potential in that area perhaps a little more toward 14500. Be careful of TLs, Cable isn't respecting them too much - see my chart on Friday.
  • #8,889
  • Feb 16, 2009 1:48pm Feb 16, 2009 1:48pm
Quoting pipeye
Thanks RC. I am looking at the 1.4430-1.4450 area for a sell. If you look at the pattern on the 4 hour chart, it looks as if we are coming up to test the right shoulder of a nice looking Head and Shoulders pattern.
I have that SAME area marked on my chart. Not just for TL, but it is 3 different FIB retracments at the same area, gonna be a HUGE drop from there, I am expecting....
Dr. C
  • #8,890
  • Feb 16, 2009 1:50pm Feb 16, 2009 1:50pm
Quoting RedCabbage
Yes there's potential in that area perhaps a little more toward 14500. Be careful of TLs, Cable isn't respecting them too much - see my chart on Friday.
I agree with Cable not respecting trendlines, but I am more interested in the confluence of the 61.8% fib, Weekly Central Pivot (1.4454) and Monthly Central Pivot (1.4454). The TL justs adds another piece to the puzzle.
  • #8,891
  • Edited 2:00pm Feb 16, 2009 1:59pm | Edited 2:00pm
Paul E - Thanks - I printed that last chart as a reminder to help me see such things as they happen.

All - Hi ;-} This looks like a great thread/strat and I'm starting my study. Not that I'm going to read the whole thing... Thanks!
  • #8,892
  • Feb 16, 2009 3:59pm Feb 16, 2009 3:59pm
Morning,

Euro worked out well and iv'e closed that one for now. Not sure how much more that trendline will take before something goes and the one above it seems to be pushing the whole thing into a corner. Could be fireworks on this pair today.
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  • #8,893
  • Feb 16, 2009 4:29pm Feb 16, 2009 4:29pm
Quoting Siam
Could be fireworks on this pair today.
check...
  • #8,894
  • Feb 16, 2009 5:43pm Feb 16, 2009 5:43pm
Seems that all hell has broken loose. Expected it but just not this early. Looking for a pullback to go short on the Fiber
  • #8,895
  • Feb 16, 2009 6:07pm Feb 16, 2009 6:07pm
Boom!

Bulls are dead
  • #8,896
  • Feb 16, 2009 6:55pm Feb 16, 2009 6:55pm
Question for the experienced:

EUR/USD -- What do you think of 1.2590? Plenty of historical bounces, currently the bottom of several buckets between Oct 24 and Nov 17. My question is how much confidence does the line lose in your eyes because of the "use and abuse" around the first week of December? Not to mention that it would, of course, be against the trend (although I don't think it unlikely that a bounce would go up to at least the 2700 area).

Other than that, I'd be looking to hop on the downtrend off a retrace to that 2700 area.
  • #8,897
  • Feb 16, 2009 8:25pm Feb 16, 2009 8:25pm
Which Gulivers is that on your avatar MR sing?

More of a soi 8 bar man myself.
  • #8,898
  • Feb 16, 2009 11:07pm Feb 16, 2009 11:07pm
Quoting Siam
Which Gulivers is that on your avatar MR sing?

More of a soi 8 bar man myself.
Hi Siam,
Soi 5. I've not tried that one yet. Just reading a review of it the other day actually. Might give it a try next time I'm in town.
"The more I practice, the luckier I get." (Gary Player)
  • #8,899
  • Feb 17, 2009 1:15am Feb 17, 2009 1:15am
After all the surging calmed down it was time to look for tops and bottoms that matched key areas to the left. I liked this one best.
Attached Image
"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
  • #8,900
  • Feb 17, 2009 1:33am Feb 17, 2009 1:33am
Another possibility would have been USD CAD but the level had been tested several times plus I noticed what the CAD was doing on another chart and it gave a bad feeling of a breakout rather than a bounce.
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"Support and Resistance either holds or it doesn't." -Anonymous hillbilly
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