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  • #82,261
  • Apr 1, 2009 2:10pm Apr 1, 2009 2:10pm
Quoting Jasper
It may be testing (probably is) 1.3233 area, wait until you have confirmation, otherwise it should continue down!!!
I think it will have a hard time going any lower than 1.3100 so i am staying to the upside for now.
  • #82,262
  • Apr 1, 2009 2:10pm Apr 1, 2009 2:10pm
Quoting GreedyPIPs
I think I'm going to wait on the side until ECB and G20 meetings are over tomorrow...

However I would love to hear some speculations as to where would the next target be, or if the trend could change.

From my perspective it looks like a double bottom, ready to shoot upwards, but then again, what do I know?

Anyone ?
We're still well within the downward channel, and my indicators show price action ready to fall; with the MACD divergence and my UT_Fast indicator assuming a negative slope reading to pierce through my levels. We are also at/below the daily pivot, so I wouldn't count on a reversal just yet.
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  • #82,263
  • Apr 1, 2009 2:11pm Apr 1, 2009 2:11pm
after getting mindnumb from all the anal isis, sometimes it's only the subtle humor that gets my attention...
FUBAR...
  • #82,264
  • Apr 1, 2009 2:18pm Apr 1, 2009 2:18pm
Quoting TradeWell
It's interesting that we left and re-entered this upward channel (I call the Geithner channel), which continues to be respected (so far).
weird...according to my charts we never left it. do you use a platform that shows price action during the weekends?...that may explain the difference

heres how my chart looks

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Sidenote: man that bear flag looks so sweet..still...given tommorows hiatus i am trying to maintain my neutral bias.
Different opinions highly valued, ignorant to slander.
  • #82,265
  • Apr 1, 2009 2:18pm Apr 1, 2009 2:18pm
I'm leaning towards the geithner channel taking us upwards, but playing with that triangle is just too much fun.
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  • #82,266
  • Apr 1, 2009 2:18pm Apr 1, 2009 2:18pm
fan hitting the shit.. e-zone has to be begging obama to help them out behind closed doors.. you did see where gm sales were better then the other japanese auto makers percentage wise.. americans are starting to use their brains.. plus savings rates are gone up.. and now texas is in recession..texas does a lot of exporting..you can use it as a exporting indicator..
those who can, do. those who cant, talk about those who can
  • #82,267
  • Apr 1, 2009 2:27pm Apr 1, 2009 2:27pm
Quoting psiholog
weird...according to my charts we never left it. do you use a platform that shows price action during the weekends?...that may explain the difference
I don't think there is a difference in PA, only how we each draw channels. We never left the downward channel you drew but we did leave the upward channel.
  • #82,268
  • Apr 1, 2009 2:28pm Apr 1, 2009 2:28pm
Quoting TradeWell
It's interesting that we left and re-entered this upward channel (I call the Geithner channel), which continues to be respected (so far).
Yes nice looking channel. See if it holds
  • #82,269
  • Apr 1, 2009 2:32pm Apr 1, 2009 2:32pm
http://i.dailymail.co.uk/i/pix/2009/...18_468x322.jpg

G20 Protestors Storm Bank and Clash with Cops
http://www.prisonplanet.com/g20-prot...with-cops.html
wooooo!
  • #82,270
  • Apr 1, 2009 2:34pm Apr 1, 2009 2:34pm
Up up & away ladies & gentlemen
  • #82,271
  • Apr 1, 2009 2:36pm Apr 1, 2009 2:36pm
i hope so.. ill add to the short collection
those who can, do. those who cant, talk about those who can
  • #82,272
  • Edited 3:02pm Apr 1, 2009 2:41pm | Edited 3:02pm
scalp sell initiated (half position size)...the closer we get to that upper wall of the triangle without breaking it...will add the other half. otherwise...another 20pips or more target on this one as well

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Edit: closed position at +11pips.....i think we may go higher still...if we do....ill just reload short closer to the triangle upper wall...
Different opinions highly valued, ignorant to slander.
  • #82,273
  • Apr 1, 2009 2:52pm Apr 1, 2009 2:52pm
Quoting rainingpips

http://www.prisonplanet.com
You can go here for some real subversive news (including business news, of course):
www.submedia.tv
  • #82,274
  • Apr 1, 2009 3:08pm Apr 1, 2009 3:08pm
Quoting TradeWell
You can go here for some real subversive news (including business news, of course):
www.submedia.tv
hows your system working out.. i need to check it out one day?
those who can, do. those who cant, talk about those who can
  • #82,275
  • Apr 1, 2009 3:12pm Apr 1, 2009 3:12pm
Quoting gatorinla
hows your system working out.. i need to check it out one day?
We just released a new version. We have had many comments that it is better than systems you buy. Cobraforex is the mastermind behind it all. He has put an incredible amount of work into it - all for free. It is easy to use, especially for an experienced trader.
  • #82,276
  • Apr 1, 2009 3:18pm Apr 1, 2009 3:18pm
Quoting TradeWell
We just released a new version. We have had many comments that it is better than systems you buy. Cobraforex is the mastermind behind it all. He has put an incredible amount of work into it - all for free. It is easy to use, especially for an experienced trader.
I'll second that motion - {though, I am slightly bias} -
Pip what you see; See what you pip!
  • #82,277
  • Apr 1, 2009 3:30pm Apr 1, 2009 3:30pm
Quoting trading801
but then again, as all lagging indicators, it can just suggest only.,. but NO ONE can predict what will market for sure next... unless u r NEO from matrix.. no wait... maybe even he cant !
fibs trendlines s/r price patterns and channels predict the future
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #82,278
  • Apr 1, 2009 3:30pm Apr 1, 2009 3:30pm
Looks to me like UP is more likely.

Back over, 24, 4 and 2 hour SMA's, not really the trending time though so could go either way.

I will not be shorting though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82,279
  • Apr 1, 2009 3:32pm Apr 1, 2009 3:32pm
Quoting tarasbaida
There is another triangle on 1h chart and the highs-lows pattern is just the same as we had before that big move down (weaker/longer price increases and faster/stronger declines). Not that it matters much because there was fundamental background for that move too, but still I have a feeling that if the price goes below 3110 there will be a nice bearish move.
good chart work
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #82,280
  • Apr 1, 2009 3:33pm Apr 1, 2009 3:33pm
Quoting TradeWell
We just released a new version. We have had many comments that it is better than systems you buy. Cobraforex is the mastermind behind it all. He has put an incredible amount of work into it - all for free. It is easy to use, especially for an experienced trader.
im trying to watch video.. they load slow..thanks.. i will check it out..
those who can, do. those who cant, talk about those who can
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