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  • #110,661
  • Jun 15, 2009 1:56pm Jun 15, 2009 1:56pm
Quoting TheFisherman
You pullin' my leg?

We'll know for sure soon enough.
  • #110,662
  • Jun 15, 2009 2:01pm Jun 15, 2009 2:01pm
this is what happens when you dont sleep .. others had asked me soon after post.. i thought is fixed it.. 3793/3802 3831 was the other antway its your new resistance
those who can, do. those who cant, talk about those who can
  • #110,663
  • Jun 15, 2009 2:06pm Jun 15, 2009 2:06pm
Quoting VinzZ
In my humble opinion I think it will go to the 1.3808 or a bit lower before retracing. That's the only support I see in the past. But you know forex It's only a fact when it happened
I hope the 1.3808 will act as a resistance now.
Close your eyes when you feel you are going under.
  • #110,664
  • Edited 2:23pm Jun 15, 2009 2:07pm | Edited 2:23pm
I'm considering short to 1.3590, but will wait to see IF and how quickly we get back to 1.385xx. Good European (cough, cough...manipulated ) news would surprise me tomorrow so I don't want to get caught. Advice?

EDIT: Sorry...forgot to mention long support at 1.3746. Very touchy area. I still need some advice from any of the learned and erudite traders/posters.
Si vis pacem, para bellum.
  • #110,665
  • Jun 15, 2009 2:07pm Jun 15, 2009 2:07pm
Quoting notch
We'll know for sure soon enough.
I will remember the number . Talk to you on Friday about it. Just to tell you something like "ha!"
  • #110,666
  • Jun 15, 2009 2:11pm Jun 15, 2009 2:11pm
Quoting VinzZ
I hope the 1.3808 will act as a resistance now.
i got that as a good short .. but sl is slightly above 3831... so ill short both if able..
those who can, do. those who cant, talk about those who can
  • #110,667
  • Jun 15, 2009 2:11pm Jun 15, 2009 2:11pm
Quoting VinzZ
I hope the 1.3808 will act as a resistance now.
I see resistance @ 3935 or thereabouts. Somewhere in between M3 and R1. Could be anywhere between those two.

[EDIT] I'm talking about an estimate of tomorrow's pivot points.
  • #110,668
  • Jun 15, 2009 2:20pm Jun 15, 2009 2:20pm
you can throw all your smaller charts away...untill we get to where we are going..big boys dont use hour charts..china can top buying oil today for 70 bucks a barrel and in a month buy the same oil for 30 bucks.. they have their storage full they dont need it now..
those who can, do. those who cant, talk about those who can
  • #110,669
  • Jun 15, 2009 2:21pm Jun 15, 2009 2:21pm
Quoting TheFisherman
I see resistance @ 3935 or thereabouts. Somewhere in between M3 and R1. Could be anywhere between those two.

[EDIT] I'm talking about an estimate of tomorrow's pivot points.
You could be right, I'm a newbie and I watch the charts like a new born baby. The numbers I say aren't the truth, it's how I see it and I try to evaluate other's perception afterwards.
Close your eyes when you feel you are going under.
  • #110,670
  • Jun 15, 2009 2:23pm Jun 15, 2009 2:23pm
Quoting gatorinla
you can throw all your smaller charts away...untill we get to where we are going..big boys dont use hour charts..china can top buying oil today for 70 bucks a barrel and in a month buy the same oil for 30 bucks.. they have their storage full they dont need it now..
I have a feeling that you know so much. It's a pleasure to read your posts.
Close your eyes when you feel you are going under.
  • #110,671
  • Jun 15, 2009 2:25pm Jun 15, 2009 2:25pm
Quoting VinzZ
You could be right, I'm a newbie and I watch the charts like a new born baby....
With your thumb in your mouth and crap in your diaper??

Sorry...I couldn't let it go.
Si vis pacem, para bellum.
  • #110,672
  • Jun 15, 2009 2:26pm Jun 15, 2009 2:26pm
Quoting Duce
With your thumb in your mouth and crap in your diaper??

Sorry...I couldn't let it go.
Oh, mama will take care of it Ain't that easy!
Close your eyes when you feel you are going under.
  • #110,673
  • Jun 15, 2009 2:29pm Jun 15, 2009 2:29pm
Quoting VinzZ
I have a feeling that you know so much. It's a pleasure to read your posts.
u.s, oil storage is almost full.. china not buying copper..they have to be full or atempting to drop price.. making dollar stronger.. if they are atempting to lower commodity prices we (u.s.) wont stop them.. stronger dollar will do 2 things.. it will stimulate chinas exports to u.s. and it will make the usd that china owns buy more cheaper commodities..
those who can, do. those who cant, talk about those who can
  • #110,674
  • Jun 15, 2009 2:34pm Jun 15, 2009 2:34pm
Quoting gatorinla
u.s, storage is almost full.. china not buying copper..they have to be full or atempting to drop price.. making dollar stronger.. if they are atempting to lower commodity prices we (u.s.) wont stop them.. stronger dollar will do 2 things.. it will stimulate chinas exports to u.s. and it will make the usd that china owns buy more cheaper commodities..
Interesting info. Where can I find a realtime copper value chart? And how do you know that China isn't buying? Wasn't China going to change its backup from dollar to euro?
Close your eyes when you feel you are going under.
  • #110,675
  • Jun 15, 2009 2:34pm Jun 15, 2009 2:34pm
Quoting notch
Yep...I use to live there in my dirty shirt lifting days. Oh the memories!
Nothing worth having is easy.
  • #110,676
  • Jun 15, 2009 2:39pm Jun 15, 2009 2:39pm
Quoting VinzZ
Interesting info. Where can I find a realtime copper value chart? And how do you know that China isn't buying? Wasn't China going to change its backup from dollar to euro?

just take my word for it. http://www.kitcometals.com/charts/co...istorical.html

its unlikey.. usd is the best one for it.. all talk.. read previous post. maybe thats why china did it.
those who can, do. those who cant, talk about those who can
  • #110,677
  • Jun 15, 2009 2:40pm Jun 15, 2009 2:40pm
Quoting gatorinla
u.s, oil storage is almost full.. china not buying copper..they have to be full or atempting to drop price.. making dollar stronger.. if they are atempting to lower commodity prices we (u.s.) wont stop them.. stronger dollar will do 2 things.. it will stimulate chinas exports to u.s. and it will make the usd that china owns buy more cheaper commodities..
I'm not talking fundamentals when considering 3935. I'm talking market psychology. Retest, fill the gap, whatever you wanna call it. Who sold 4011 never saw a comeback to this level. Which means that some still hold. On the other hand a long rally like this makes shorters nervous. Who'd wanna short so low? Everybody waits for a retracement. Which means the steam will eventually run out. Then, bulls will start making their play either for necessity or speculation. During a retracement as many call it, the positions that were taken below 4011 are slowly closed hence adding to the bullish momentum. 3935 was a breakout level so it's expected that many short positions are just below that level. The short positions there that are still in place will be 100% probably closed before PA hits 3935 and that's where momentum starts fading out. Hence the PA might even pass over 3935 and hit R1 where is almost certain there will be some selling starting. If the market is short biased that's where retracement could end.

Of course this is just a scenario based on trade psichology and I don't stick it to my forehead and go with it. I adapt as I see market evolving, analsing and bringing new input in my equation, but when I trade, I always consider trade psichology.
  • #110,678
  • Jun 15, 2009 2:42pm Jun 15, 2009 2:42pm
bl........jepardy time
those who can, do. those who cant, talk about those who can
  • #110,679
  • Jun 15, 2009 2:44pm Jun 15, 2009 2:44pm
Quoting TheFisherman
I'm not talking fundamentals when considering 3935. I'm talking market psychology. Retest, fill the gap, whatever you wanna call it. Who sold 4011 never saw a comeback to this level. Which means that some still hold. On the other hand a long rally like this makes shorters nervous. Who'd wanna short so low? Everybody waits for a retracement. Which means the steam will eventually run out. Then, bulls will start making their play either for necessity or speculation. During a retracement as many call it, the positions that were taken below 4011 are...
big boys dont care .. point a to point b..in between dont matter
those who can, do. those who cant, talk about those who can
  • #110,680
  • Jun 15, 2009 2:46pm Jun 15, 2009 2:46pm
Quoting gatorinla
maybe thats why china did it.
At the moment of posting about the backup currency of China, I thought it could be a way to get it weaker... You open my eyes! Thanks for the link btw, I will click it now
Close your eyes when you feel you are going under.
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