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  • #124,201
  • Jul 22, 2009 1:25pm Jul 22, 2009 1:25pm
Quoting toshi
Cool ! I'll see you at 81 then. Don't sell em all though.
Save some for me !

Got stops moved to BE +3 on this one.
81 only comes in the picture if it passes 64. the high today was as important as the low today both are mid points . using 4249 as a blue number and 4148 red is usually the stronger attraction.
those who can, do. those who cant, talk about those who can
  • #124,202
  • Jul 22, 2009 1:25pm Jul 22, 2009 1:25pm
I think all of my M30 indicators showing a good short signal... IMHO
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  • #124,203
  • Jul 22, 2009 1:27pm Jul 22, 2009 1:27pm
Quoting RussoS
On Daily chart there are two doji formation. It is possible to go down..

This PA above the notorious 50 FIB level makes it hard to hold anything short
for more than a couple hours or so. It falls hard, recovers, gains a little, falls again, picks back up.

This may be helping euro from a technical stand.

Market can go anywhere it wants to go - up or down.

It's just falls faster than it rises. Gravity = Gravy.
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  • #124,204
  • Edited 1:40pm Jul 22, 2009 1:28pm | Edited 1:40pm
When you look at that daily chart (above), some ppl see "wow, it's going to the moon"
others see, "holy cow, it's gonna fall on it's ass. get outta the way !"

This is what makes a market. Don't cha luv it ?

Stare at it a while. See if you don't get all worked up about it.
If not, throw a couple contracts on, long or short, either way and then stare at it.
You'll be talkin' your book in no time.

I like to keep it in perspective and remember it can run away
without giving much notice. 200 pips is little less than a percent & a half
movement in value and way too much to lose on a daytrade.
So I keep the bigger pic on another monitor during the session.

I'll sell this monkey all day long, but if it starts breaking higher, beyond a pre-determined level:

I get out.

I can find the lost pips somewhere else later in the day.
  • #124,205
  • Jul 22, 2009 1:46pm Jul 22, 2009 1:46pm
This is off of dailyfx.

I share his sentiment.

Yesterday’s Ben Bernanke's semi-annual testimony to the congress did not surprise investors. However, futures on US Treasury 10-year notes rallied above the 200 day SMA after Bernanke said inflation pressures are limited and benchmark rates are likely to stay low for some time despite a clear improvement in the outlook for the US economy. Indeed, it’s true that we have seen a broad recovery in stocks and commodities triggered by a sequence of better-than-expected earnings reports. However, I don’t’ share the same level of optimism of the Fed Chairman. In my opinion, the US Treasury is monetizing the government deficit by printing out money to purchase Treasury bonds. Eventually, inflation will spike higher and start eating into the saving accounts of many Americans. Moreover, the current rally on riskier assets cannot last forever and we are poised to see a reversal in stocks and commodities as trader’s book profits and economists start questioning a model of economic growth purely driven by stimulus plans paid by tax-payers money.
  • #124,206
  • Jul 22, 2009 1:53pm Jul 22, 2009 1:53pm
Quoting Alihuzaifa
Euro - CHF was really in damn tight range...
Good observation.

Something like 27 pips today.

Maybe 1/2 of it's ATR.

Could foretell a break in either direction, since both mkts are near the outer boundaries of their recent ranges.

Or, could just be a slow day in Swiss-ville.
  • #124,207
  • Jul 22, 2009 1:56pm Jul 22, 2009 1:56pm
Quoting The Fool
H&S on M15. Talkin to me.
h&s has been talking for while..all talk no action
  • #124,208
  • Jul 22, 2009 2:03pm Jul 22, 2009 2:03pm
Quoting toshi
Good observation.

Something like 27 pips today.

Maybe 1/2 of it's ATR.

Could foretell a break in either direction, since both mkts are near the outer boundaries of their recent ranges.

Or, could just be a slow day in Swiss-ville.
i am looking for more such pairs who stays in tight range most of time...do u know any?
  • #124,209
  • Jul 22, 2009 2:07pm Jul 22, 2009 2:07pm
maybe we should take this R shoulder to the Dr. , it looks a little funny
  • #124,210
  • Jul 22, 2009 2:10pm Jul 22, 2009 2:10pm
Quoting toshi
This PA above the notorious 50 FIB level makes it hard to hold anything short
for more than a couple hours or so. It falls hard, recovers, gains a little, falls again, picks back up.

This may be helping euro from a technical stand.

Market can go anywhere it wants to go - up or down.

It's just falls faster than it rises. Gravity = Gravy.
Yes, I have the problem too, that the recovery is to fast... but SP is by a imortant resistance and have a doji candle formation too so I think that eurusd can go down 50-100 pip..
Sorry for my english...
  • #124,211
  • Jul 22, 2009 2:10pm Jul 22, 2009 2:10pm
check out the resistance on gators 4224 number
  • #124,212
  • Jul 22, 2009 2:12pm Jul 22, 2009 2:12pm
Quoting leckefex
check out the resistance on gators 4224 number
...so it breaks it right after I post this...
  • #124,213
  • Jul 22, 2009 2:14pm Jul 22, 2009 2:14pm
Quoting leckefex
...so it breaks it right after I post this...
gator resistance number?

come on thats pivot of the dayyyyyyyyyyyyso it is bond to be strong for either side.
  • #124,214
  • Jul 22, 2009 2:19pm Jul 22, 2009 2:19pm
Quoting Alihuzaifa
gator resistance number?

come on thats pivot of the dayyyyyyyyyyyyso it is bond to be strong for either side.
my pivot shows 21 this one held at 24...nonetheless, glad i added some humour to your day
  • #124,215
  • Jul 22, 2009 2:22pm Jul 22, 2009 2:22pm
Quoting Alihuzaifa
gator resistance number?

come on thats pivot of the dayyyyyyyyyyyyso it is bond to be strong for either side.
hmmm thats funny.. i posted it a month ago.. you just got it off some chart today or yesterday
those who can, do. those who cant, talk about those who can
  • #124,216
  • Jul 22, 2009 2:22pm Jul 22, 2009 2:22pm
Quoting leckefex
my pivot shows 21 this one held at 24...nonetheless, glad i added some humour to your day
there is always few pips difference according to broker and time schedule...but thats a pivot number nothing more then that.
  • #124,217
  • Jul 22, 2009 2:24pm Jul 22, 2009 2:24pm
Quoting Alihuzaifa
there is always few pips difference according to broker and time schedule...but thats a pivot number nothing more then that.
hmmm whats your broker say about 10 or 99?
those who can, do. those who cant, talk about those who can
  • #124,218
  • Jul 22, 2009 2:26pm Jul 22, 2009 2:26pm
Quoting gatorinla
hmmm whats your broker say about 10 or 99?
mine pp is 1.42215
  • #124,219
  • Jul 22, 2009 2:34pm Jul 22, 2009 2:34pm
I get no love on this thread anymore... damn novices.

Either way... combine pivots and psych levels and you've got a winning system.

A buy and a sell... both hit. (Wish I could do this all the time... Megan Fox would be washing my cars)


m
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  • #124,220
  • Jul 22, 2009 2:35pm Jul 22, 2009 2:35pm
Quoting Alihuzaifa
gator resistance number?

come on thats pivot of the dayyyyyyyyyyyyso it is bond to be strong for either side.
Ali, Gator released his numbers a long time ago... see his relevant posts and also the indicator "GatorLines" uploaded sometime ago.

TF
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