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  • #129,861
  • Aug 10, 2009 8:55pm Aug 10, 2009 8:55pm
This doesn't tell me much, since the Asian open....only that they waited until
it got up here (near the Pivot) to start selling it, and so far just a few hundred contracts basis sept.

Does look like 14147 got more trades at that price point than 44 or 45 or 46 or 48 or 49....hmmmm....
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  • #129,862
  • Aug 10, 2009 8:59pm Aug 10, 2009 8:59pm
Quoting Knowlegeable
Tonight's summary from WWW.FINANCIALSENSE.COM really deserves to be read and understood. Even if you consider yourself only a technical trader you can only gain in knowledge by reading this great wrap up with facts, graphs and pure common sense.

http://www.financialsense.com/Market/wrapup.htm

Snippet:

Good grief! Just last week, when the auction results were announced it was trumpeted to great fanfare that there was "more than sufficient" bid-to-cover, "strong demand" and all the...
if you notice the years of the shaded areas on your chart there was inflation. in each and every case in those cycles it was caused by oil. that chart line is a little off.. but i will not say why.. but its off. the shaded areas are correct. the chart maker has a bias
those who can, do. those who cant, talk about those who can
  • #129,863
  • Aug 10, 2009 9:01pm Aug 10, 2009 9:01pm
That was a Pivot rejection.

Likely to go to midpoint now, if pivot not retested very quickly.

Above the Daily PP....That's where the stops are now.
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  • #129,864
  • Aug 10, 2009 9:02pm Aug 10, 2009 9:02pm
When price is trending south and it moves back to the pivot it will bounce around 80% of the time. (Same in both directions... bounces)

If you are a scalper... this is a bread and butter set up.

Trading is about probabilities and these little nuances help.

Confluences don't hurt either.

Mike
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  • #129,865
  • Aug 10, 2009 9:07pm Aug 10, 2009 9:07pm
Quoting acumen
When price is trending south and it moves back to the pivot it will bounce around 80% of the time. (Same in both directions... bounces)

If you are a scalper... this is a bread and butter set up.

Trading is about probabilities and these little nuances help.

Confluences don't hurt either.

Mike
That's it. Scalp the devil out of it.

if I was selling strength and buying dips in here,
I'd have the protection orders in place above 60 and below 30,
although in practice, I would keep the exits very much closer than that.
On a range break, I'd go along for the ride when the stops go off
for 3 or 4 or 5 ticks, if I wasn't already on the other side by chance.

Until the range widens out one side or the other,
these 30 pips are all we got to go on. I'm confident we'll see more very soon.
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  • #129,866
  • Aug 10, 2009 9:10pm Aug 10, 2009 9:10pm
Over at Zero Hedge, Tyler Durden did the math and figured that the recent 45 per cent surge in the S&P 500 had nothing to do with the fictional economic "recovery", but was just more of the Fed's hanky panky. Durden noticed that the money that's been sluicing into stocks hasn't (correspondingly) depleted the money markets. That's the clue that led him to the truth about Bernanke's 6 month stock rally.

Isn't he the guy from the fight club?

m
  • #129,867
  • Aug 10, 2009 9:16pm Aug 10, 2009 9:16pm
(4100 & 3994) next on radar.. see if we cosolidate some at these..


keep these on your radar if move continues down. 4155 3971 3830 3685 3503 3217.. use along with other red/blue numbers..i posted a few earlier that are a few pips away from these. these are cleaned up..
those who can, do. those who cant, talk about those who can
  • #129,868
  • Aug 10, 2009 9:21pm Aug 10, 2009 9:21pm
Quoting gatorinla
(4100 & 3994) next on radar.. see if we cosolidate some at these..


keep these on your radar if move continues down. 4155 3971 3830 3685 3503 3217..
use along with other red/blue numbers..i posted a few earlier that are a few pips away from these.
these are cleaned up..
Yes...Yes...and Yes. I do have these from almost 3 months ago.

I think these are still good too if market comes down south for a visit.
  • #129,869
  • Aug 10, 2009 9:31pm Aug 10, 2009 9:31pm
Unrelated, but still relevant....

OZ is selling off heading for the S1 at 8324

is draging euro lower, eur/aud higher, and forcing usd higher up

euro will hit at mid-point at 14115....
  • #129,870
  • Aug 10, 2009 9:32pm Aug 10, 2009 9:32pm
Quoting toshi
Yes...Yes...and Yes. I do have these from almost 3 months ago.

I think these are still good too if market comes down south for a visit.
*L* i pulled then out todays move combined with thurs friday.. oh well if you got em i concur IF we go down... put these on your usdx chart they are experimental but seem to be working on this one also. 80.40 80.04 79.69 79.47 79.25 79.07 78.90 78.72 78.54 underlined are stronger..
those who can, do. those who cant, talk about those who can
  • #129,871
  • Aug 10, 2009 9:53pm Aug 10, 2009 9:53pm
Well, looking back from this time last week, they fu**ked up my beautiful triangle
but on the weekly chart, it could still work. the close of the week still conforms.
I suspect it's the same vultures responsible for stealing gator's exit earlier today at 4098.

Bastards.... We just can't have nice things....They break every thing. Bastards.....
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  • #129,872
  • Aug 10, 2009 10:24pm Aug 10, 2009 10:24pm
Little .618 bounce headed the mid-point off at the pass.

Another attempt likely b4 London.

Any reset of the pivot could set off stops and drag this out several more hours.

A failure at the pivot instead would be definitive. That would be for sale.
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  • #129,873
  • Aug 10, 2009 10:25pm Aug 10, 2009 10:25pm
Quoting gatorinla
if you notice the years of the shaded areas on your chart there was inflation. in each and every case in those cycles it was caused by oil. that chart line is a little off.. but i will not say why.. but its off. the shaded areas are correct. the chart maker has a bias
Oild and war.
Si vis pacem, para bellum.
  • #129,874
  • Aug 10, 2009 10:41pm Aug 10, 2009 10:41pm
small divergence....all balled up at 4140...trying to find a light breeze to blow one way or the other.

This market has no "ummph" . Where's all the sellers go ? They sure couldn't get it up in Asia.

Limp noodles, the whole lot of them.....
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  • #129,875
  • Aug 10, 2009 10:59pm Aug 10, 2009 10:59pm
Both trendlines are beckoning.... horizontal and 45...

However, it would be a little too easy for it to just go straight there, wouldn't it ???

What fun would that be ?
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  • #129,876
  • Aug 10, 2009 11:03pm Aug 10, 2009 11:03pm
[quote=toshi;2945205]small divergence....all balled up at 4140...trying to find a light breeze to blow one way or the other.

This market has no "ummph" . Where's all the sellers go ? They sure couldn't get it up in Asia.

quote]

We got the French & German "news" coming in a couple hours - maybe a whiff of good "news" from the ez will be enough to break the DP.

Gator, when I said 1.47 by deer season you knew I was talking about deer season in Argentina, right? - that's another 8 months away. Hell I don't know if there are any deer left there anyway...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #129,877
  • Aug 10, 2009 11:07pm Aug 10, 2009 11:07pm
[quote=The Fool;2945228]
Quoting toshi
small divergence....all balled up at 4140...trying to find a light breeze to blow one way or the other.

This market has no "ummph" . Where's all the sellers go ? They sure couldn't get it up in Asia.

quote]

We got the French & German "news" coming in a couple hours - maybe a whiff of good "news" from the ez will be enough to break the DP.

Gator, when I said 1.47 by deer season you knew I was talking about deer season in Argentina, right? - that's another 8 months away. Hell I don't know if there are any deer left...
I'll go deer hunting with Mark Sanford.
Not all sins are created equal
  • #129,878
  • Aug 10, 2009 11:07pm Aug 10, 2009 11:07pm
Oh, Toshi, what pivot indicator do you use? Can you share? I use fxpro mt4.
  • #129,879
  • Aug 10, 2009 11:08pm Aug 10, 2009 11:08pm
Quoting toshi
That's it. Scalp the devil out of it.

if I was selling strength and buying dips in here,
I'd have the protection orders in place above 60 and below 30,
although in practice, I would keep the exits very much closer than that.
On a range break, I'd go along for the ride when the stops go off
for 3 or 4 or 5 ticks, if I wasn't already on the other side by chance.

Until the range widens out one side or the other,
these 30 pips are all we got to go on. I'm confident we'll see more very soon.
Oh man! Where did you get the order flow information? Thats cheating!
  • #129,880
  • Aug 10, 2009 11:10pm Aug 10, 2009 11:10pm
Quoting Ferrari
Oh man! Where did you get the order flow information? Thats cheating!
No it's not cheating...Silly it's just scalping.

Lemme tell you what happened to me this weekend, Ferrari.

I went into this greasy spoon restaurant and ordered a cup of coffee.
The waitress brought me the coffee with her thumb soaking in the coffee cup.
I said, "...what the hell is wrong with you ? you got your thumb in my coffee ?"
She said, "...hey, listen I got arthritis in my hand and the warm coffee makes my thumb feel better..."
I told her to take her thumb and shove it up her ass.
She said that's where it was before she put in in my coffee.

Yuck.

Euro is having issues in here. They are trying to save the stops for London.
Maybe London will want to save the stops too. God save the Queen, and the stops....

Could be a couple more hours like Fool mentioned.
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