Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Cable Update (GBPUSD)
- #146,621
- Jul 15, 2009 4:35pm Jul 15, 2009 4:35pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
- #146,622
- Jul 15, 2009 4:36pm Jul 15, 2009 4:36pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I hate to go against the crowd here (not really). My analysis is showing me a nice price exhaustion and macd divergence on the 1 hour bars. price found resis at the 161 exhaustion from the most recent downmove and the 61.8 retrace from the downtrend from 1.75 to 1.6. a perfect convergence, with macd showing a verified divergence. Fundamental show gbp should have some nice selling pressure. I look for price to head south for thursday trading, and possibly throughout the week. I will be looking to enter a short around 1.645-650 and ride this down....
- #146,629
- Jul 15, 2009 5:15pm Jul 15, 2009 5:15pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
ok here is 60 min GU .... there was HUGE volume on the 60 min chart at 1.6450 zone. This is sellers hitting the market , last time this happened there was lamost 400 pip down move.
Now note the bearish divergence on the 60 min rsx .
mmmm .... i do not know . The vsa and rsx say thisd thing is heading down . But i am really scared to short this week as the markets are just rippinbg up on any news good or bad .
now the interesting thing is the dollar index almost had a low volume test today ( meaning low volume down day )
will have to see how this play out going into the weekend.
we could rip into 1.6600 and that bearish div may only just break .... who knows
Now note the bearish divergence on the 60 min rsx .
mmmm .... i do not know . The vsa and rsx say thisd thing is heading down . But i am really scared to short this week as the markets are just rippinbg up on any news good or bad .
now the interesting thing is the dollar index almost had a low volume test today ( meaning low volume down day )
will have to see how this play out going into the weekend.
we could rip into 1.6600 and that bearish div may only just break .... who knows
Blogging daily now at www.volume.zone
- #146,630
- Jul 15, 2009 5:21pm Jul 15, 2009 5:21pm
hy!
could somebody be so kind and tell me where can i download this darma pivot? thnx
http://radifx.blogspot.com/2008/05/i...g-systems.html
http://www.forextradingplus.com/indi...=asc&start=250
- #146,632
- Jul 15, 2009 5:23pm Jul 15, 2009 5:23pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #146,636
- Jul 15, 2009 5:29pm Jul 15, 2009 5:29pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
why does this the last three day have bull trap written all over it ?
market ripping up based on intel results ???? !!!!!!!!!!!!
what are they going to emply the 20 million or so americans out of work ?
bull trap for sure .... question is how long for trap to play out
CIT news hanging out there
FOMC minutes themselves said possible interest rate hikes and
"At the same time, the FOMC concluded that it was best to keep its programs for purchasing Treasuries and mortgage debt unchanged. “Although an expansion of such purchases might provide additional support to the economy, the effects of further asset purchases, especially purchases of Treasury securities, on the economy and on inflation expectations were uncertain,” the minutes said.
that alone is RED FLAG not to be ignored
CIT may be SOL........
market ripping up based on intel results ???? !!!!!!!!!!!!
what are they going to emply the 20 million or so americans out of work ? bull trap for sure .... question is how long for trap to play out
CIT news hanging out there
FOMC minutes themselves said possible interest rate hikes and
"At the same time, the FOMC concluded that it was best to keep its programs for purchasing Treasuries and mortgage debt unchanged. “Although an expansion of such purchases might provide additional support to the economy, the effects of further asset purchases, especially purchases of Treasury securities, on the economy and on inflation expectations were uncertain,” the minutes said.
that alone is RED FLAG not to be ignored
CIT may be SOL........
Blogging daily now at www.volume.zone
- #146,638
- Jul 15, 2009 5:36pm Jul 15, 2009 5:36pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
why does this the last three day have bull trap written all over it ?
market ripping up based on intel results ???? !!!!!!!!!!!!
bull trap for sure .... question is how long for trap to play out
CIT news hanging out there
FOMC minutes themselves said possible interest rate hikes and
"At the same time, the FOMC concluded that it was best to keep its programs for purchasing Treasuries and mortgage debt unchanged. “Although an expansion of such purchases might...
lol ...wtf surprise !!!!
http://www.bloomberg.com/apps/news?p...d=azFUsY00TcW8
this may have interting ripple effect thru the markets....or maybe market will just higher tomorrow anyway just because it can
Blogging daily now at www.volume.zone
- #146,639
- Jul 15, 2009 5:40pm Jul 15, 2009 5:40pm
Hi lejumeau, would you mind sharing your settings for the darma pivot?
thanks
If price cross over the Darma pivot I will go long to the next daily pivot or weekly. if price croos down on the Darma I will go short to the nex daily or weekly pivot .
On the chart the black and purple line are my new daily pivot for each new trading day. the full line blue and pink are my weelky pivot.
I'm sur you can understand with this chart how you can use this indicator
The DARMA PIVOT Is Draw IN YELLOW.
