Market is extended, but can still go higher. A retrace below 1.3960 on the card, but no set-up to play reversal yet. That huge bar took out a lot of stops. 60 min shows better to wait for potential reversal. My setup is to wait for pattern top to form, anything else is just punting.
- #112,663
- Jun 19, 2009 11:04am Jun 19, 2009 11:04am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
- #112,666
- Jun 19, 2009 11:06am Jun 19, 2009 11:06am
- | Commercial User | Joined Aug 2008 | 7,691 Posts
- #112,667
- Jun 19, 2009 11:06am Jun 19, 2009 11:06am
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
- #112,669
- Jun 19, 2009 11:09am Jun 19, 2009 11:09am
- Joined Feb 2006 | Status: Trader | 1,718 Posts
No I didn't....I broke even on my trades and just watched you and Notch....I was about to enter and that candle broke thru fast so I didn;t chase it...i was waiting on CHF to breakout and when it did...I was not quick enough..... 
....I want to SHORT this 1.4003 area so bad!!! But I can't as I am looking for a V-top to show exhaustion....
Good job on your trade! Like I said i was a spectator mostly today.....an ARMCHAIR Quarterback! LOL Let me know if you see a top so I can SHort...
....I want to SHORT this 1.4003 area so bad!!! But I can't as I am looking for a V-top to show exhaustion....Good job on your trade! Like I said i was a spectator mostly today.....an ARMCHAIR Quarterback! LOL Let me know if you see a top so I can SHort...
- #112,670
- Jun 19, 2009 11:09am Jun 19, 2009 11:09am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
i just shorted my second postion in EU @ 1.4005
US index just now reached the trend line support it should slap EU down but if it break the daily trend i would SL all short postion i have in EU
US index just now reached the trend line support it should slap EU down but if it break the daily trend i would SL all short postion i have in EU
- #112,671
- Jun 19, 2009 11:09am Jun 19, 2009 11:09am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #112,672
- Jun 19, 2009 11:10am Jun 19, 2009 11:10am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
REVENGE!!!! 
- #112,673
- Jun 19, 2009 11:11am Jun 19, 2009 11:11am
- | Membership Revoked | Joined Apr 2009 | 2,726 Posts
- #112,675
- Jun 19, 2009 11:12am Jun 19, 2009 11:12am
- | Joined May 2009 | Status: Fight until we die | 1,114 Posts
Sorry to barge in on such interesting moments (not trading them) but you gotta see this article: this might be the long awaited signal...or not.
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June 19 (Bloomberg) -- More than one-quarter of American states now have unemployment rates higher than 10 percent, and all but two saw a further deterioration in their job markets in May.
Tennessee and Illinois joined the rank of states, now 13, that have jobless rates exceeding 10 percent, and eight states - - including California, Florida and Georgia -- reached their highest level of joblessness since records began in 1976, the Labor Department reported today in Washington.
The figures make it likely President Barack Obama was correct in forecasting this week the national unemployment rate will reach 10 percent, a level unseen in a quarter century, this year. With no region escaping the rout, consumers across the nation will probably curtail their spending, preventing any boom out of the deepest recession in half a century, analysts said.
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.... no comment. (well maybe a small one
- recovery my a$$)
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June 19 (Bloomberg) -- More than one-quarter of American states now have unemployment rates higher than 10 percent, and all but two saw a further deterioration in their job markets in May.
Tennessee and Illinois joined the rank of states, now 13, that have jobless rates exceeding 10 percent, and eight states - - including California, Florida and Georgia -- reached their highest level of joblessness since records began in 1976, the Labor Department reported today in Washington.
The figures make it likely President Barack Obama was correct in forecasting this week the national unemployment rate will reach 10 percent, a level unseen in a quarter century, this year. With no region escaping the rout, consumers across the nation will probably curtail their spending, preventing any boom out of the deepest recession in half a century, analysts said.
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.... no comment. (well maybe a small one
- recovery my a$$)
- #112,677
- Jun 19, 2009 11:15am Jun 19, 2009 11:15am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #112,680
- Jun 19, 2009 11:16am Jun 19, 2009 11:16am
- Joined Apr 2009 | Status: Live and learn. | 25,165 Posts
"If The Fool persists in his Folly he will become wise." - William Blake