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  • #79,461
  • Mar 24, 2009 11:21pm Mar 24, 2009 11:21pm
Quoting geojams
http://imgur.com/109A0.gif

If it breaks 3430, I think the bears will have it for now and my next target would be 3205. If it breaks north significantly, the first resistance is at 3668 and then 4033. After that, we could see a test of the red 61.8% fib at 4380.
ur fibs are kinda wrong
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #79,462
  • Mar 24, 2009 11:24pm Mar 24, 2009 11:24pm
Quoting altrader
I thought that another reason you drew the fib in that direction might have had something to do with linding up the central pivot as close to the 50% line on the fib as possible.
Just got on the puter tonite, sorry for the delayed reply, but seemed like a good time for a break...

To clarify... i don't adjust a fib to line up with anything other than price. the central will change everyday, but a single long term fib may be in place for days, weeks, or longer and still be "working" reliably.

I think that particular one was simply the way it worked out that day. If price is ranging ard the 50% fib for a while, it would not be uncommon for the central to converge with the 50% for a few days as well... Price can be like us at times... gets in a rut and needs something to kick it loose.

I find that helpful to do now and then on an "elective" basis of my own choosing when the ryhthm is lacking or just feeling out of synch. That is preferable to getting Rocked by the Market up side the head.

Just remember to floss after every BIG WIN or LOOSER...

Out for the nite for sure... see what tomorrow brings us. In the meantime, long from 3444.
Attached Image
FUBAR...
  • #79,463
  • Mar 24, 2009 11:26pm Mar 24, 2009 11:26pm
Just tonight to go to 1.34 ...then after that whatever...
The Market pays you to be disciplined
  • #79,464
  • Mar 24, 2009 11:30pm Mar 24, 2009 11:30pm
The daily is looking pretty(possible bull flag), touched the 23.6 fib twice, bounced back, but we need more volume to see where this thing is going.

Frankie may help to decide the direction. Looks like a good day for the dibs system
Traders are smartasses
  • #79,465
  • Edited 11:40pm Mar 24, 2009 11:36pm | Edited 11:40pm
After 4 failures around, 137, this thing looks poised to head south. These failures look pretty bad for Bulls. That coupled with the fact that we have been making lower daily lows has lead me to get on the South train at 134.86. Looking to get off at 131.60...maybe?

136 invalidates.
  • #79,466
  • Mar 24, 2009 11:38pm Mar 24, 2009 11:38pm
Quoting Ferick
After 4 failure around, 137, this thing looks poised to head south. These failures look pretty bad for Bulls. That coupled with the fact that we have been making lower daily lows has lead me to get on the South train at 134.86. Looking to get off at 131.60...maybe?

136 invalidates.
Ferick, that's EURJPY I suppose... Here it's EUR/USD
Traders are smartasses
  • #79,467
  • Mar 24, 2009 11:40pm Mar 24, 2009 11:40pm
Could have a nice range setting up for some decent trades here, except that I don't think either bulls or bears will leave this thing alone at these levels for very long... blood is in the air, question is whose.

I'm longing the dips and retrace off this current range with limit orders, otherwise staying out of the shorts as I don't have confidence in the down side atm and will not be on the puter tonite. But it is a sweet looking range while it lasts...

G'nite all and careful trades.
Attached Image
FUBAR...
  • #79,468
  • Mar 24, 2009 11:41pm Mar 24, 2009 11:41pm
Quoting newbietrader101
your 4h chrt looks like a erly part of a turn to me. if you are trading on the 4h , i would be selling the sucker
Been selling this sucker since 3660.
  • #79,469
  • Mar 24, 2009 11:43pm Mar 24, 2009 11:43pm
Quoting ak4x
Could have a nice range setting up for some decent trades here, except that I don't think either bulls or bears will leave this thing alone at these levels for very long... blood is in the air, question is whose.

I'm longing the dips and retrace off this current range with limit orders, otherwise staying out of the shorts as I don't have confidence in the down side atm and will not be on the puter tonite. But it is a sweet looking range while it lasts...

G'nite all and careful trades.
There will be blood alright.

I think the bears are going to get slaughtered. But I'm very very biased.

http://www.gifbin.com/bin/1232752292_b811c29.gif
Not all sins are created equal
  • #79,470
  • Mar 24, 2009 11:43pm Mar 24, 2009 11:43pm
Quoting Spsantos
Ferick, that's EURJPY I suppose... Here it's EUR/USD
Yeah the target is a longshot but not if you give it time!
  • #79,471
  • Mar 24, 2009 11:45pm Mar 24, 2009 11:45pm
Quoting Spsantos

i dont feel silly at all. I feel rich. the 4h chart WAS turning. and I did sell the sucker. lots of them
  • #79,472
  • Mar 24, 2009 11:46pm Mar 24, 2009 11:46pm
Quoting newbietrader101
i have a secret weapon.
And i never bet agenst the secret weapon.
  • #79,473
  • Mar 24, 2009 11:48pm Mar 24, 2009 11:48pm
Quoting Jay Walker
There will be blood alright.

I think the bears are going to get slaughtered. But I'm very very biased.
check your 4h chart.
  • #79,474
  • Mar 24, 2009 11:51pm Mar 24, 2009 11:51pm
Quoting Jay Walker
Someone knows how to use Google!
you may like to google for this.
The Thief of Wall Street
  • #79,475
  • Mar 24, 2009 11:51pm Mar 24, 2009 11:51pm
Quoting newbietrader101
check your 4h chart.
Ok. I did.

Now what?
Not all sins are created equal
  • #79,476
  • Mar 24, 2009 11:51pm Mar 24, 2009 11:51pm
Quoting Jay Walker
WhatTheFuUh!??!
it went down. how bout that. it will keep going down. the secret weapon tells me so
  • #79,477
  • Mar 24, 2009 11:52pm Mar 24, 2009 11:52pm
Quoting Jay Walker
There will be blood alright.

I think the bears are going to get slaughtered. But I'm very very biased.

http://www.gifbin.com/bin/1232752292_b811c29.gif
What are you seeing that leads you to believe that? I am just curious because I see a brick wall at 137 and this thing always finds path of least resistance.

Anything is possible, but odds are for a move down in my humble opinion.
  • #79,478
  • Mar 24, 2009 11:53pm Mar 24, 2009 11:53pm
Quoting Jay Walker
Ok. I did.

Now what?
you still a bull?
  • #79,479
  • Mar 24, 2009 11:53pm Mar 24, 2009 11:53pm
Quoting Ferick
After 4 failures around, 137, this thing looks poised to head south. These failures look pretty bad for Bulls. That coupled with the fact that we have been making lower daily lows has lead me to get on the South train at 134.86. Looking to get off at 131.60...maybe?

136 invalidates.
131.60 will be reached after first hitting past 13380 then 13300 if the fall continues.....
  • #79,480
  • Mar 24, 2009 11:53pm Mar 24, 2009 11:53pm
Quoting newbietrader101
it went down. how bout that. it will keep going down. the secret weapon tells me so
http://www.artistic-license-inc.com/...wood_Floor.jpg

This is the close up of a floor.

After it hits the floor, where does it go?
Not all sins are created equal
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