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  • #133,121
  • Aug 19, 2009 1:38pm Aug 19, 2009 1:38pm
Quoting gatorinla
i shorted once it broke 40..
Got a couple of shorts in at 4265 when it was tested the last couple of times. I'm not sure if it will test it again tonight, but playing with a tight SL, just in case upward breakout.
  • #133,122
  • Aug 19, 2009 1:38pm Aug 19, 2009 1:38pm
i am long at 40 ad 43
Allah has permitted trade and has forbidden interest [koran]
  • #133,123
  • Aug 19, 2009 1:41pm Aug 19, 2009 1:41pm
Quoting gatorinla
i shorted once it broke 40..ill watch 4224 now..just a scalp depending on 24
When watching S/R lines you only take into account where the price closed and not spikes, yes? So if there is i.e a spike up but price closed below R line, you treat this line as intact, correct?
  • #133,124
  • Aug 19, 2009 1:44pm Aug 19, 2009 1:44pm
gotorinla appears to be right till now since he took the position
Allah has permitted trade and has forbidden interest [koran]
  • #133,125
  • Aug 19, 2009 1:51pm Aug 19, 2009 1:51pm
Quoting Alihuzaifa
does any one found out what was the reason for those huge spikes?

coz there was no major news release.
It was technical, and the crude oil inventory news of unexpected large slump, caused oil to jump and the dollar to fall accordingly and on wall street rally. Gold also jumped.
  • #133,126
  • Aug 19, 2009 1:52pm Aug 19, 2009 1:52pm
its look like northern express ready to leave the station once more but i have boarded this a station earlier.lol
Allah has permitted trade and has forbidden interest [koran]
  • #133,127
  • Aug 19, 2009 1:56pm Aug 19, 2009 1:56pm
i am in money now.u know its a bull market
Allah has permitted trade and has forbidden interest [koran]
  • #133,128
  • Aug 19, 2009 2:00pm Aug 19, 2009 2:00pm
Quoting drzakir123
i am in money now.u know its a bull market
I don't know, my hourly and 4hrly is short, so I am short
  • #133,129
  • Aug 19, 2009 2:01pm Aug 19, 2009 2:01pm
Quoting T.E.Lawrence
When watching S/R lines you only take into account where the price closed and not spikes, yes? So if there is i.e a spike up but price closed below R line, you treat this line as intact, correct?
i dont care on blue lines on larger tf maybe....make a chart using the white and red lines numbers.(red white and blue chart).then look at the wicks.. where they start and stop.through out history. Why do the wicks return to a certain place? some hundreds of pips long.

fill in with the blue lines.. they are smaller tf.. white and red larger ones.. i cant teach this you have to study the pairs movement around the numbers..it will take much ass time to do this..the pair does have a predictable personality at slow times without news..i posted a bunch about this in the last few months..but less in the past few weeks..im combining 2 systems..red white and blue are separate..from predictive charts..
those who can, do. those who cant, talk about those who can
  • #133,130
  • Edited 2:13pm Aug 19, 2009 2:02pm | Edited 2:13pm
Quoting stevefx
By my measurements its exceeded its limit only by about 4 points, which is pretty precise all things considered.

Chart shows this diamond compared to the structure established around June 3rd-exact same frame work laid over each..
Isn't the projected target on a diamond pattern break the height of the diamond. I see what you mean by exceeding a little only. The market has retraced back into the main track down for now (posted earlier 1 hr chart), but reduced selling pressure on the decline. Probably long covering rather than sellers. I don't see signs the big money is liquidating their total long today yet, although the high opf today was evidently not caused by increased buying pressure, but probably all those short stops being triggered. In effect, I expect to see some ranging before we see the real picture.
I think I will have to pull out my oil and USDX chart later to get a guage of how real this rally is.
P.S. I was anticipating a market rally to get near it's highs by end of month, but not before it made 1.4000. I may take a day off tomorrow to analyse longer term sentiment charts, as today likely to end losing, and I have a rule to take next day off if 3 losing trades in a row and day ends loss.
I am looking to exit my short off 1.4259 at 1.4214.
  • #133,131
  • Aug 19, 2009 2:12pm Aug 19, 2009 2:12pm
Quoting gatorinla
yes i dont see a short yet either.. if we get to 4224 it will give clues...
target 4150 at least for tomorrow
ROBOT FOREX
  • #133,132
  • Aug 19, 2009 2:13pm Aug 19, 2009 2:13pm
heads up... back to reality
those who can, do. those who cant, talk about those who can
  • #133,133
  • Aug 19, 2009 2:14pm Aug 19, 2009 2:14pm
Quoting Forbes55
target 4150 at least for tomorrow
good luck... im short
those who can, do. those who cant, talk about those who can
  • #133,134
  • Aug 19, 2009 2:24pm Aug 19, 2009 2:24pm
Quoting gatorinla
im looking for 4258.... but if we go down now, without a newer high.. 4112 is pl.. shortest term
this is my short target..but i already locked in some green.. tp subject to change one way or the other
those who can, do. those who cant, talk about those who can
  • #133,135
  • Aug 19, 2009 2:25pm Aug 19, 2009 2:25pm
Quoting Forbes55
target 4150 at least for tomorrow
short -
need to clear the 4220-30 congestion area in 15 min chart... if so.. will hold for same target near 1.4150

good luck ;o)
  • #133,136
  • Aug 19, 2009 2:27pm Aug 19, 2009 2:27pm
gotorinla u took my money.give it back to me lol
Allah has permitted trade and has forbidden interest [koran]
  • #133,137
  • Aug 19, 2009 2:40pm Aug 19, 2009 2:40pm
this is also options expire week....does anybody who trades forex futures know if there will be a nasty whipsaw back below 1.4100 by fri???

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #133,138
  • Aug 19, 2009 2:40pm Aug 19, 2009 2:40pm
gotout at break even, hmm no but at a very small profit
Allah has permitted trade and has forbidden interest [koran]
  • #133,139
  • Aug 19, 2009 2:50pm Aug 19, 2009 2:50pm
I wish EUR/USD will be able to drop down because I shorted it at 1.4260. Not sure if it is safe but I still think EUR/USD will drop down for long run.
  • #133,140
  • Aug 19, 2009 2:50pm Aug 19, 2009 2:50pm
Quoting Atlast
Isn't the projected target on a diamond pattern break the height of the diamond. I see what you mean by exceeding a little only. The market has retraced back into the main track down for now (posted earlier 1 hr chart), but reduced selling pressure on the decline. Probably long covering rather than sellers. I don't see signs the big money is liquidating their total long today yet, although the high opf today was evidently not caused by increased buying pressure, but probably all those short stops being triggered. In effect, I expect to see some...
I expect to see at least one more 4hr bar after this one before it really starts dropping off. Some kind of consolidation is of course to be expected after a big swing like today's. But it should be relatively fast. And as you point out big money needs time to switch out its position. Thats the point of head-fakes of course, to draw in the liquidity so they can profit by taking the other route, and leave the followers in the dust..
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