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  • #94,361
  • May 9, 2009 8:16pm May 9, 2009 8:16pm
Quoting Pipnator
hope everyone is having a good weekend.....new to this forum, just wanna share my thoughts and maybe learn new things...

if this resistances hold we can see a restest of the bottom before a move up...pls any comments are welcome
To me, two factors affect a major market move. 1) economic factors 2) trade orders. First it is economic factors that bring volatility to the market. Then comes the technical factors like support and resistance levels, breakouts, retraces, fibs, etc. If this Pa has to go up strongly, it should be supported by equally strong economic factors. If impact of economic factors are weaker than the move or just temporary, it will fall back. This fall may not be 100% of the move but upto next support level. However, if impact of economic factors is strong, it may break all weaker resistances in its way and consolidate near a strong resistance. The way it is moving up, indicates it is a strong move. It now remains to be seen if we hear any newer news that brings it back or any sentiment that takes it further up. In summary, there is no apparant reason at the moment why it will not break that upper resistance trend line.
The Thief of Wall Street
  • #94,362
  • May 9, 2009 10:54pm May 9, 2009 10:54pm
Quoting sid7121
well its a discussion board what do you expect?
i dunno... common sense maybe.

I heard it that the Rockyfellers and the Asstorbutts pushed it up so high on Friday so that they could gap it down right before the open to 125.xx and when everyone longed it to "close the gap" they were gonna short it again down to parody, and not only wipe out the retail traders, but take out all bucket shop borkers as well... just cuz they could, doesn't have to make any sense.

Hedge THAT!!
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FUBAR...
  • #94,363
  • May 9, 2009 11:12pm May 9, 2009 11:12pm
Quoting TIckerShuffl
Bearish MACD diversion on $SPX (S&P index), DOW and Oil on daily charts. Fridays upmove was on reduced volume....

I don't see either divergence or reduced volume on SPX, no divergence but slightly less volume on Dow and Crude so I'd say those factors don't say much to me.

But for other reasons, which I won't go into now, believe also we may have seen the end of the current move up.
  • #94,364
  • May 10, 2009 3:03am May 10, 2009 3:03am
Quoting Pipnator
hope everyone is having a good weekend.....new to this forum, just wanna share my thoughts and maybe learn new things...

if this resistances hold we can see a restest of the bottom before a move up...pls any comments are welcome
Nice lines.
Here is the track I see, and the second chart gives us a good idea of how much gas is left in the tank (by seeing how far the largest uninterrupted runs travelled since the long journey began off the 22 April low). Anyone who took that ride, prepare to get off soon is all I can say, but don't panic if you are sitting on a comfy cushion
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  • #94,365
  • May 10, 2009 4:46am May 10, 2009 4:46am
http://1.1.1.3/bmi/www.xe.com/gen/images/flagUS.gif USDhttp://1.1.1.4/bmi/www.xe.com/gen/images/flagEU.gif EUR
1 USD= 1.00000 0.74611
Inverse: 1.00000 1.34029

According to xe.com there will be a GAP of 200 pips!!!
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,366
  • May 10, 2009 4:50am May 10, 2009 4:50am
egkid add me on MSN ([email protected]) or call me +20107770069
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,367
  • May 10, 2009 4:52am May 10, 2009 4:52am
the GAP is confirmed 80% on 1H chart
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Successful people will do what unsuccessful people won’t or can’t do!
  • #94,368
  • May 10, 2009 4:55am May 10, 2009 4:55am
and on the Daily chart
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Successful people will do what unsuccessful people won’t or can’t do!
  • #94,369
  • May 10, 2009 4:58am May 10, 2009 4:58am
as i said b4 200 pips down that means the market will go bullish again to 1.37 (i hope)
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,370
  • May 10, 2009 5:05am May 10, 2009 5:05am
the trend line is UP if it reached 1.34 it will just bounce from there or goes down to hit the trend line and correct back to 1.37
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Successful people will do what unsuccessful people won’t or can’t do!
  • #94,371
  • May 10, 2009 5:13am May 10, 2009 5:13am
if it crossed the trend line at 1.335 then there will be a short term potential sell targeting 1.33 and 1.32 or it will rally again to 1.35 and 1.36 and we will short to 1.33 and 1.32 ten goes to a strong bullish trend to 1.37 (may GOD be with us and have a week full of pips)
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,372
  • May 10, 2009 5:15am May 10, 2009 5:15am
Quoting moh.ezzat
if it crossed the trend line at 1.335 then there will be a short term potential sell targeting 1.33 and 1.32 (a week full of pips )
You are trading now, which broker?
  • #94,373
  • May 10, 2009 5:20am May 10, 2009 5:20am
Quoting Atlast
You are trading now, which broker?
am not trading mate just a simple analysis
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,374
  • May 10, 2009 5:22am May 10, 2009 5:22am
Quoting moh.ezzat
am not trading mate just a simple analysis
hey mate, how can you be so certain of the gap? is your broker showing the gap now? interbankfx is showing nothing
  • #94,375
  • Edited 5:26am May 10, 2009 5:25am | Edited 5:26am
Quoting moh.ezzat
am not trading mate just a simple analysis
Thought so, or it was a high street bucket shop, in which case you can make a small fortune if they were offering anything near that.
The prices will level off to where they were at the close, then it's just a straightforward setup
  • #94,376
  • May 10, 2009 6:04am May 10, 2009 6:04am
Quoting Mysticdiver
Some good friends of mine (traders) see e/u trading around 115xx to 118xx in the not so distant future. And though I respect their opinions, I don't see it happening, ( though anything is possible).
I will be posting some charts showing oil/eur/usd correlation, and the DOW Dollar Index correlation.
Reason #1: I don't think we will ever see cheaper oil then it is now.
And #2 if the dow is not at the bottom now, its got to be close. Just my opinion
And yes I know, opinions are like a**holes, everyone has one, and they all stink.
My post on Mar 2nd.
2 days later....bottom.
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  • #94,377
  • May 10, 2009 6:07am May 10, 2009 6:07am
Quoting EuroSniper
short 25755

will short another lot at 25905

stop for both 26158
Ali, ..... is that you?
  • #94,378
  • May 10, 2009 6:14am May 10, 2009 6:14am
Oanda Info:
Sunday, May 10, 2009
1 Euro = 1.36383 US Dollar
  • #94,379
  • May 10, 2009 6:17am May 10, 2009 6:17am
Quoting moh.ezzat
am not trading mate just a simple analysis
You are good , I have same view and analysis but when i post that gap some guys here deny it and laugh as i was long since 10 days and all shorting!!

If the market open in this gap then i'm happy to reach that level of analysis because i was thinking about conflict between 2 things befor weekend and was asking how this will be solving and i think i know now

Check my post #94310
  • #94,380
  • May 10, 2009 6:28am May 10, 2009 6:28am
Wel I am putting a limit order in now to cover shorts at 1.3407, it would be a miracle if it got filled.
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