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  • #75,361
  • Mar 13, 2009 12:56pm Mar 13, 2009 12:56pm
Quoting Driver55
Letī's see if at 14.00h .. we open below 2876.. itīs important for the acceleration
I agree, right now the 21sma is converging with the daily pivot, and it will take something to push it down thru that, otherwise I fear it will just camp here or nearby thru the close..

right we're in the no mans land between the central 2910, the xx00 figure, and the DP (2862). M3 seems invincible today tho at 2928.

i noticed your pivots are identical to mine altho you don't use the M pivots. I'd be lost w/o them
FUBAR...
  • #75,362
  • Mar 13, 2009 1:03pm Mar 13, 2009 1:03pm
H4 says long, but I am scared of S&P weekend selloff.
  • #75,363
  • Mar 13, 2009 1:04pm Mar 13, 2009 1:04pm
In my experience its better to stay away from markets past 1pm eastern on Fridays.
Cheers to all!
  • #75,364
  • Mar 13, 2009 1:06pm Mar 13, 2009 1:06pm
Quoting psiholog
wow...most impressive. while i dont understand most of your indicators or would ever use them...i see you got forex trading down to an art form! 20years + of experiences does that.... one final question (if you dont mind)

all expectations and indicators aside...what motivates you so strongly to believe an hourly close below 1.2876 will fuel the move south? In other words, how do you determine this value as i see it nowhere on your chart
You cant see 2876 on the 15min chart because this value comes from a 1h chart....
it is a self made indicator

Edit : on the 15 min chart.. you can see the same indicator....
(Ind. Name : Driver Ranges Act. Values : 1.2957-1.2917 - 1,2573- 1,2555 )
The last two values are a "risk indication" for short and long
The best thing that can happen to you is to find out where you're wrong.
  • #75,365
  • Mar 13, 2009 1:10pm Mar 13, 2009 1:10pm
dont have much time to post.. i gotta wax the stairs before mother in law comes over..shes the dark one in the chart.
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those who can, do. those who cant, talk about those who can
  • #75,366
  • Mar 13, 2009 1:15pm Mar 13, 2009 1:15pm
Quoting Driver55
You cant see 2876 on the 15min chart because this value comes from a 1h chart....
it is a self made indicator

Edit : on the 15 min chart.. you can see the same indicator....
(Ind. Name : Driver Ranges Act. Values : 1.2957-1.2917 - 1,2573- 1,2555 )
The last two values are a "risk indication" for short and long
gotcha. thank you for the brief introduction to the driver55 way of trading. your opinions are of great value to me usually and now that i understand your methods somewhat..they mean even more. will definetely keep an eye out for your posts in the future
Different opinions highly valued, ignorant to slander.
  • #75,367
  • Mar 13, 2009 1:17pm Mar 13, 2009 1:17pm
Driver I think I am just like everyone else looking at these charts and trying to find a direction, but I don't see short. I don't see a defined long either. If you are right....you truly are a wizard.
  • #75,368
  • Mar 13, 2009 1:21pm Mar 13, 2009 1:21pm
Quoting dysan4x
Driver I think I am just like everyone else looking at these charts and trying to find a direction, but I don't see short. I don't see a defined long either. If you are right....you truly are a wizard.

may well be that they park the market here now.

But I started my operation several hours ago today ... I just have to wait, possibly until the end of the session.

The best thing that can happen to you is to find out where you're wrong.
  • #75,369
  • Mar 13, 2009 1:24pm Mar 13, 2009 1:24pm
I think this is the end of this retrace..We have six rejection candles now right on the 0/100 of the main fib of this move. We'll see what happens though. I think it will be mid Monday though before this thing gets hurled down.
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  • #75,370
  • Mar 13, 2009 1:26pm Mar 13, 2009 1:26pm
Quoting Driver55

may well be that they park the market here now.




But I started my operation several hours ago today ... I just have to wait, possibly until the end of the session.

So Driver are you still expecting .2835?
  • #75,371
  • Mar 13, 2009 1:29pm Mar 13, 2009 1:29pm
Quoting psiholog
wow...most impressive. while i dont understand most of your indicators or would ever use them...i see you got forex trading down to an art form! 20years + of experiences does that.... one final question (if you dont mind)

all expectations and indicators aside...what motivates you so strongly to believe an hourly close below 1.2876 will fuel the move south? In other words, how do you determine this value as i see it nowhere on your chart

psi, however, look a 1H chart and you'll see that from 08.00h (time in which this value has become valid) ... you can not find a bar with an open below 2876

The best thing that can happen to you is to find out where you're wrong.
  • #75,372
  • Mar 13, 2009 1:33pm Mar 13, 2009 1:33pm
lousy market, but that's we get for trying to trade NO MOMentum... shame on me.

still the signs are there, all we need is a tank of gas and a kick. otherwise it's doa until the Open

((Ignore the white lines, they're from a candlestick chart))

2911 central
2928 M3 pivot
grey = 21sma

short from 908. wide stops.
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FUBAR...
  • #75,373
  • Mar 13, 2009 1:37pm Mar 13, 2009 1:37pm
Quoting Driver55
You cant see 2876 on the 15min chart because this value comes from a 1h chart....
it is a self made indicator

Edit : on the 15 min chart.. you can see the same indicator....
(Ind. Name : Driver Ranges Act. Values : 1.2957-1.2917 - 1,2573- 1,2555 )
The last two values are a "risk indication" for short and long

i was looking at the inverted hs pattern i posted mostly for fun.. but your figures and the i-hs are pretty close....the upper for i-hs is 2957 exact.....the lower number on the shoulder is about 2530 close within 43 pips.. that not bad for a 400 pip range off about 10 % and if your numbers are hit it should increase the odds the shoulder number would be hit
those who can, do. those who cant, talk about those who can
  • #75,374
  • Mar 13, 2009 1:38pm Mar 13, 2009 1:38pm
EU possible trade off of M15 chart:

PA grouped now below 89sma (dash yellow). Inner BB squeeze....PA broke up, but looks to be rolling over. It could run back across the inner BB squeeze and break to the down side. If it does, a break down thru the Bear channel (solid yellow) could mark trade entry. Trix is weakening and could cross down.....another short trade indication if it happens.

It is late in last session for week, so if you do not want to be in a trade thru the weekend, any entry should be followed by exit before close of session.

This is not a recommendation to trade should the setup occur, just food for thought.
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  • #75,375
  • Mar 13, 2009 1:39pm Mar 13, 2009 1:39pm
hi dear driver55, what is your suggestion regarding 5pips scalping before weekend close?

I was worried that I could be hit by a trend and cannot close at a profit before weekend, and Monday open jump off could kicks me out of stop/loss.

do I have to make a rule not to scalp 5pips after 3pm EST? thanks.

Quoting Driver55
psi,

the same thing that made me decide to go short at 2935 ... we are in wave 3 and, even if it is Friday, I expect at least 2835.

  • #75,376
  • Mar 13, 2009 1:44pm Mar 13, 2009 1:44pm
Quoting ak4x
..still the signs are there, all we need is a tank of gas and a kick.
Last week on Friday, 1 hour before close, PA was lagging and I thought, "typical Friday, I'm outta here". So I did my TJ's and Costco run early, only to find out PA dropped quite a bit right after I left.

It ain't over till the fat lady sings.
  • #75,377
  • Mar 13, 2009 1:46pm Mar 13, 2009 1:46pm
bye all .. i am off for the day ~ ~ all the best
  • #75,378
  • Mar 13, 2009 1:47pm Mar 13, 2009 1:47pm
I still think this pair will sleep over the weekend @3015 after will take some fresh air from .305x ... good weekend guys
  • #75,379
  • Mar 13, 2009 1:49pm Mar 13, 2009 1:49pm
Quoting Neptun
I still think this pair will sleep over the weekend @3015 after will take some fresh air from .305x ... good weekend guys
this pair does tend to drift north on fridays..about this time some..
those who can, do. those who cant, talk about those who can
  • #75,380
  • Mar 13, 2009 1:54pm Mar 13, 2009 1:54pm
Based on today's non-exsitant momentum & high volatile price swings ... I don't think this pair will be traded over the weekend. I'm expecting very little Gapping this Sunday. Seeing as, there is a confrontation between the Bulls & Bears.

I think Sunday may be quiet up until the London session.
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