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  • #85,941
  • Apr 15, 2009 11:05am Apr 15, 2009 11:05am
Quoting psiholog
out of curiousity...what is todays pivot?

the reason i ask is because the daily candlesticks as they stand suggest continuation up with a much greater rally. but since we all seem to have a bearish bias...this current daily candlestick should not retrace more then lats say 50% of the previous one which puts the value at ....1.3300
Huh
Too bad I didn't reenter short when that level was reached as I was sleeping

Anyways..here's how I see things now and just a choppy consolidation within the channel walls...flat at this time and will use any return to higher levels as a shorting opportunity. Levels I am watching are 1.3225 as it should be strong resistance and if it isnt...the upper wall.

I'm not so sure anymore that if we break 1.3130 we go south hard....we may go down slowly.

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Different opinions highly valued, ignorant to slander.
  • #85,942
  • Apr 15, 2009 11:20am Apr 15, 2009 11:20am
One other thing, going back to that target of 1.3225 and whether it is resistance...I am checking out the 15min chart and this triangle that has developed...it is a monstrosity as it stands and because of that I don't want to call it a bear flag or pick highs just yet.

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Different opinions highly valued, ignorant to slander.
  • #85,943
  • Apr 15, 2009 11:21am Apr 15, 2009 11:21am
...is proving to be very strong S&R. I've had 4 sell signals below it but it keeps going back up!!!

Luckily I'm not looking for an entry as I'm already short. But for practice I pretend I'm not in the trade, and yes I would have taken one of those entrys.

Then I analyse the outcome if I am wrong.
Good Trading. (keep it simple).
  • #85,944
  • Apr 15, 2009 11:25am Apr 15, 2009 11:25am
[quote=psiholog;2671125]Huh
Too bad I didn't reenter short when that level was reached as I was sleeping



It looks even better on h4

Perhaps You will have one more chance.
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Jesus Christ is my only Lord !
  • #85,945
  • Apr 15, 2009 11:29am Apr 15, 2009 11:29am
1. wait for Obana to speak
2. enter short CLK9 when Obana begin speaking
3. listen to Obana
4. wait for the Obana-effect to wear off to cover your shorts and take profit

easy, i told you, but you didn't believe me, did you ?
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  • #85,946
  • Apr 15, 2009 11:34am Apr 15, 2009 11:34am
3212 very important level...
The best thing that can happen to you is to find out where you're wrong.
  • #85,947
  • Apr 15, 2009 11:38am Apr 15, 2009 11:38am
Quoting arthurb
1. wait for Obana to speak
2. enter short CLK9 when Obana begin speaking
3. listen to Obana
4. wait for the Obana-effect to wear off to cover your shorts and take profit

easy, i told you, but you didn't believe me, did you ?
i miss the good ole days last year.. when bush would speak it was good for 150 pips short each time..he eventually stopped making speeches.. i miss the good ole days..
those who can, do. those who cant, talk about those who can
  • #85,948
  • Apr 15, 2009 11:41am Apr 15, 2009 11:41am
Quoting gatorinla
i miss the good ole days last year.. when bush would speak it was good for 150 pips short each time..he eventually stopped making speeches.. i miss the good ole days..
Ha yes; I remember them fondly - so true; so true.
Pip what you see; See what you pip!
  • #85,949
  • Apr 15, 2009 11:44am Apr 15, 2009 11:44am
Quoting arthurb
1. wait for Obana to speak
2. enter short CLK9 when Obana begin speaking
3. listen to Obana
4. wait for the Obana-effect to wear off to cover your shorts and take profit

easy, i told you, but you didn't believe me, did you ?
i belive you so many pips with just 0.1...too bad i don't have big account to trade with 0.3 0.5 or 1.00
  • #85,950
  • Apr 15, 2009 11:54am Apr 15, 2009 11:54am
I have moved to BE
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Jesus Christ is my only Lord !
  • #85,951
  • Edited 12:13pm Apr 15, 2009 12:02pm | Edited 12:13pm
Quoting BoredToLoose
White Circles is where price will get broken or will see important resistance.
Yellow Circles is attempt to turn from Bull to bear as H1 is concerned.
3 times price crossed but then turned back again, will this one for real? If so we may see a very nice fall.
Red arrow, next levels to watch!

At Bottom a CCI Crossed line, not useful anymore, have done their job already.

I hope you guys will enjoy the chart and help you guys to complement your views!!

Bye

editing: Forget white circle where actual price is, it is not important that line. Actual...

1.3237!
I have short a big one here, let's see if I will close this one BE or below 1.3144.
Chart I show my only today activity!
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  • #85,952
  • Apr 15, 2009 12:15pm Apr 15, 2009 12:15pm
Quoting ak4x
Pondering the Daily...

3 penetrations of the 50ema (red) and methinks a 4th one in the werks...
Quoting ak4x
... if it looks like it wants to Turn and make a dash to the DP, I wouldn't want to be in the way.
Got both the 4th penetration and the DP as well... still holding shorts both old and new. Not a Long anywhere in the bunch tho. An "almost" tap of the 34ema as well minus about a dozen pips. It's trying to dig deeper but it's tuff sleddin.

That said, watching GU carefully as it's in a funny place and Stuff Happens.

Current daily for comparison to last night's post if interested...
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FUBAR...
  • #85,953
  • Apr 15, 2009 12:25pm Apr 15, 2009 12:25pm
Quoting Tenshi28
The 50 SMA has acted as a strong support in the daily chart lately, with price bouncing seeveral times, I think a clean break below should take us to the 1.30's, but it's really not clear if it will do that and when.
Daily 50 period SMA is at 1.3026 well below today's low.
  • #85,954
  • Apr 15, 2009 12:50pm Apr 15, 2009 12:50pm
Quoting Jasper
It gave an early signal, and then went back to retest 1.3305 area (which I was not expecting, I thought it had finished with that area). But as you can see, it has decided to follow down. I even got concerned myself because, my short was an add in, and it was getting too near the area where would have to have voided the trade. In fact I had to take the dogs for a walk, because I could not watch it!!
hi

my tp from my long was missed by 0.9 pips and rushed down to my SL. my bias was short but i have to take it when i see an opportunity for a risk 1 and reward 5 trade. thats just my style. luckily i checked my trade and was able to close with 30 on the way down. would be stupid to let a winner turn looser. now i see we have retested .323 area and are moving lower... anyway tomorow is another day, lets see what price will do. have a nice evening
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  • #85,955
  • Apr 15, 2009 12:54pm Apr 15, 2009 12:54pm
Closed 1.3188.

No need to eat more pips.
Gluttony is one of the 7 sins!
  • #85,956
  • Edited 1:16pm Apr 15, 2009 12:55pm | Edited 1:16pm
Quoting ak4x
Got both the 4th penetration and the DP as well... still holding shorts both old and new. Not a Long anywhere in the bunch tho. An "almost" tap of the 34ema as well minus about a dozen pips. It's trying to dig deeper but it's tuff sleddin.

That said, watching GU carefully as it's in a funny place and Stuff Happens.

Current daily for comparison to last night's post if interested...
yeah i dont think we are gonna get much out eu without gu cooperating.and gu shows no sighns of cooperating just yet..it made a new high..if it shows signs of weakening ill enter eu again. my sl hit +8 the bad thing about trippling down my ca brought my be down a bunch... i thought it was gonna move 8 hrs ago.. oh well ill look for another entry above 3300 or below the trendline 3150 area.depending on gu signal..
those who can, do. those who cant, talk about those who can
  • #85,957
  • Apr 15, 2009 1:08pm Apr 15, 2009 1:08pm
I know there are lot of traders waiting to see price over 1.4000.
I am Bearish on Euro, this means that we can continue to see for a certain time some range around 1.27/1.37 but when no one is waiting price will go to see below 1.20 levels.
If it will be this Month, next one or only by the end of the Year, hard answer! I see it before end of Year.
If I say here my best levels for 2010 or 2011 you guys will laugh, so I will not tell!

According my Daily Chart, price must do one of these two things in the next 5 Trading days.
We will see or 1.3411 as a Strong resisting or 1.2737 as a Strong Support.
Today a clue must be done.
A close near 1.3144 or below we are going to see further down levels, if below 1.3111 better.
A close above 1.3266, means next two days we can see very nasty swings.

My view is down, so I only short sweet levels, like the one at 1.3237.
This Level is very important now.
  • #85,958
  • Apr 15, 2009 1:19pm Apr 15, 2009 1:19pm
Quoting gatorinla
yes.. if gu weakens it will be comfirmation.. i dont know why but g is strong.. but when it moves it moves!! its tried to bust that top many times and failed..i wont be comfortable with eu 100% till gu drops 100 or more..freaken head fakes we need to be aware of..
post above 17 hours old..
those who can, do. those who cant, talk about those who can
  • #85,959
  • Apr 15, 2009 1:23pm Apr 15, 2009 1:23pm
.....to a short at 1.3198.
Good Trading. (keep it simple).
  • #85,960
  • Apr 15, 2009 1:43pm Apr 15, 2009 1:43pm
So, what would You say to sell stop @1,3156 Sl 1,3196
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Jesus Christ is my only Lord !
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