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  • #73,521
  • Mar 10, 2009 10:02am Mar 10, 2009 10:02am
Quoting Passholder
Careful Gator, I know your bias, stay open minded though.
i dont have bias.. we just broke a trendline and now are sitting between strong past supports..same place we were a week or so back...we spiked over the trendline because of equity markets only.. oils up and there is a balance there that corolates with equity market..it would not take much for fragile equity market to crash in a bear market rally. i just posted the news.. moodys usualy carriessome weight even not as much as it used too.. you got these clowns talking up the market on cnbc cause were up 250 points like its the second comming..
those who can, do. those who cant, talk about those who can
  • #73,522
  • Mar 10, 2009 10:10am Mar 10, 2009 10:10am
Quoting SunTrader
Amazing how quickly those with a bearish or neutral bias will flip just because of an one(1) up day close - which hasn't even closed yet.

The last six days: down, up, down, up, down, up.

I think at least two(2) days in a row either way has to happen before I am a believer in a trend change.
Good, simple post. Right on SunTrader.
Up or down, gimme a ticket
  • #73,523
  • Mar 10, 2009 10:12am Mar 10, 2009 10:12am
Quoting SpecialEd
Good, simple post. Right on SunTrader.
exactly.. let the market prove it.. we completed the w now what..7 up days in 3 months makes a bull rally... *L*
those who can, do. those who cant, talk about those who can
  • #73,524
  • Mar 10, 2009 10:12am Mar 10, 2009 10:12am
here we have had a bullish dv these days and I think today bullish movment was the first step for activating of this dv and break the ema 50 daily at
1.2885 can confirm it
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  • #73,525
  • Mar 10, 2009 10:13am Mar 10, 2009 10:13am
Quoting dwildes
2 days may be enough though to get you an awesome position in the 'correct' trend.
And maybe not. Depends, we will see.

We have been in trading range a while. Reacting too quickly might get you in at the opposite direction from the true breakout.
  • #73,526
  • Mar 10, 2009 10:17am Mar 10, 2009 10:17am
I am still short from 1.2795, have a 15 pip trail though that will probably trigger any moment now
  • #73,527
  • Mar 10, 2009 10:18am Mar 10, 2009 10:18am
Quoting gatorinla
im gonna miss this one and hope for a 2784/85 entry other points of interest are 2811 27 76 85 areas
heres my bias..
those who can, do. those who cant, talk about those who can
  • #73,528
  • Edited 10:36am Mar 10, 2009 10:19am | Edited 10:36am
Quoting SunTrader
...before I am a believer in a trend change.
Yeah, sometimes reading this thread is like listening to the talking heads on cnbc, 200 points up before lunch and "The Bottom Is In!!"... Yoorow is going, going, GONE!!

until lunch is over anyway.

Here's how I see things on a generalized basis... regarding a genuine "trend" other than on an intraday basis.... What trend??

If someone wants to smudge the lines a little or even ooch them up or down a little, fine with me... I won't debate the finer points, but the Orange Box on bottom don't lie.

BTW, This isn't really news... several of us have been sayin this for awhile now in one way or another... http://www.forexfactory.com/showpost...ostcount=57198

I try to "trade my charts" but the notion of not looking down the road a little bit and seeing something coming is Unthinkable to me. If it works for you to "look" no farther than a 5m chart, cool. I generally "trade" short term as well so I get that part... but still, do you drive your car like that?
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FUBAR...
  • #73,529
  • Mar 10, 2009 10:35am Mar 10, 2009 10:35am
cnbc reports...ok depression over everyone back to work.. they will soon put all your money back in your 401k. they found enough oil under las vegas for u.s. oil indepence for 3 million years..and cured cancer... bernie you get a get out of jail free card.
those who can, do. those who cant, talk about those who can
  • #73,530
  • Mar 10, 2009 10:36am Mar 10, 2009 10:36am
new wave chart, wedge pattern, correction with target 1.2640
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  • #73,531
  • Mar 10, 2009 10:40am Mar 10, 2009 10:40am
Quoting ak4x
Yoorow is going, going, GONE!!

until lunch is over anyway.
Ooops, is lunch over already??
FUBAR...
  • #73,532
  • Mar 10, 2009 10:41am Mar 10, 2009 10:41am
Quoting ak4x
Ooops, is lunch over already??
rodent stew?
those who can, do. those who cant, talk about those who can
  • #73,533
  • Mar 10, 2009 10:41am Mar 10, 2009 10:41am
E.U sitting on a mountain of support and yet I am still bearish. Is something wrong with me? Or is it the ECB?

100 month ema, fib fan, fib level and a randomly placed horizontal line.
I am sure that the institutional traders are looking at my randomly placed horizontal line.
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Just Trade It
  • #73,534
  • Mar 10, 2009 10:42am Mar 10, 2009 10:42am
... add long at 1.2648 average long - 1.2675!!

Target 1.2878/88.

I will short only above 1.2833!!
  • #73,535
  • Mar 10, 2009 10:45am Mar 10, 2009 10:45am
Quoting Big Wave Rider
Is something wrong with me?
You're asking that here...?

((wait for a few minutes and someone will send you to babypips...))
FUBAR...
  • #73,536
  • Mar 10, 2009 10:47am Mar 10, 2009 10:47am
Quoting ak4x
Ooops, is lunch over already??
Lunch here is 20 hours away...

Based on that, i just entered a good long @1.2746
Traders are smartasses
  • #73,537
  • Mar 10, 2009 10:48am Mar 10, 2009 10:48am
Quoting ak4x
You're asking that here...?

((wait for a few minutes and someone will send you to babypips...))
The editors of babypips are often sent to me.
Just Trade It
  • #73,538
  • Mar 10, 2009 11:00am Mar 10, 2009 11:00am
up tick rule more then likely comming back
those who can, do. those who cant, talk about those who can
  • #73,539
  • Mar 10, 2009 11:04am Mar 10, 2009 11:04am

It is not important ,for a continuation of an uptrend , to remain at this level now ...
it is important if we are at this level at the opening of the next session.
So I think they will use this time to stop most traders that are still long.

The best thing that can happen to you is to find out where you're wrong.
  • #73,540
  • Mar 10, 2009 11:05am Mar 10, 2009 11:05am
Failure of M4 support (2752)// xx50 Pysch level will tell the tale imo.... shorts from 2790's all green and holding for the continuation drop. Stops set to +5 pips. I'm outa here for awhile until things settle.
FUBAR...
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