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  • #135,961
  • Aug 27, 2009 5:14pm Aug 27, 2009 5:14pm
Quoting vinesh2
I am looking bro that move we had did not follow through and did not break resistance levels. ........ I looked at the 8 hr chart and during the large move my RSI remained flat means that it was a low volume move and this move was unable to break the previous high in the beginning of the month. ......
I see where you're coming from. Here's what I meant. The move off support was the largest range bar off trendline support we had all week, subsequent pullback setting up off volume move, classic breakout on high volume right at natural TP for extended move, (and allowing great opportunity for scalp short if following high probability candle count in low TF hitting resistance, which fortunately also caught ).
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  • #135,962
  • Aug 27, 2009 5:24pm Aug 27, 2009 5:24pm
Quoting The Fool
Hey Fish,

I would lean long today but I'm sitting out. I have been watching these Big Dog (BD) spikes all month and I got burned by some, caught some fat pippage on others. Really, though, I would rather just stay out of BD's way and do some scalping in "normal" pa...

I have been trying to swing trade more lately because I have been really busy with dayjob stuff. Have had some good scalping pa in first 1-2 hours of the Tokyo session lately, and I might hit that at 1700PDT. I'm up about 9% on the week so I'm not feeling too chancy.

For...
If I had to rely on what happens to PA lately I would say that not taking into account the (in)famous 1.45 that everybody talks lately, that a classic P&D has two stages. Second stage is hi prob and also getting would have to get close to 1.45 so what the hell might as well make it to there so newspapers make some money (). However, I have some indi's and it doesn't show PA top yet (after the 17th bottom). But what the hell, all indi's are crap. I'm long right now from 4349 after cashing a nice 120+ p today.
  • #135,963
  • Aug 27, 2009 5:29pm Aug 27, 2009 5:29pm
Quoting TheFisherman
I'm long right now from 4349 after cashing a nice 120+ p today.

Well, that bullflag looks pretty juicy, pretty tempting. I will probably play a small bet on the upside breakout. I am generally skittish about longing at this high level though. Good luck to us.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,964
  • Aug 27, 2009 5:32pm Aug 27, 2009 5:32pm
Quoting TheFisherman
.........to get close to 1.45 so what the hell might as well make it to there so newspapers make some money (). ....................................................
On the target there, I'd say Dow 10,000 for headlines though.
  • #135,965
  • Aug 27, 2009 5:34pm Aug 27, 2009 5:34pm
Quoting Atlast
On the target there, I'd say Dow 10,000 for headlines though.
Maybe . Would be a good morale. Worth the money as well, although a tad too early. Budgeting start in October so if they take it there they'd have to keep it at position for at least a month.
  • #135,966
  • Aug 27, 2009 6:09pm Aug 27, 2009 6:09pm
i'm short at 1.4350 or higher

market's gonna retrace its former (unexpected) move
  • #135,967
  • Aug 27, 2009 6:16pm Aug 27, 2009 6:16pm
Quoting Rednose
I do believe that everything is possible in the market, see I´m not saying that going long is a bad choice it depends on how much are you risking, by the way you are writing it makes me believe that you are running behind your loses taking too much risk in order to recover that money...well THAT`S a BAD idea...

In my opinion price could retrace a bit, this scenario makes more sense to me...A very good trader told me once to buy on retraces, to do so you should wait till it happens In MY opinion you should have wait for price to retrace and then...
Thank you,

You re right

This time, any way i follow Forbes cos he is always Win (as i follow)

But i am very grateful to you.

I am looking for a good Trading System. may you help me ?


TKS
  • #135,968
  • Aug 27, 2009 6:17pm Aug 27, 2009 6:17pm
Let me hear your time line.

We are headed south.

Equities will tank soon and unless we decouple the dollar gains.

The September effect will be in full bloom very soon.

I'm a seller after today's action.

Mike
  • #135,969
  • Aug 27, 2009 6:20pm Aug 27, 2009 6:20pm
Quoting acumen
Let me hear your time line.

We are headed south.

Equities will tank soon and unless we decouple the dollar gains.

The September effect will be in full bloom very soon.

I'm a seller after today's action.

Mike
Mike,

You were right about your buddies buying those support levels.

Fair play to you mate..
  • #135,970
  • Aug 27, 2009 6:24pm Aug 27, 2009 6:24pm
I'm still up even if it's 2 am here.... PA way too interesting. Would appreciate some talk even small. I am still waiting for my long to complete. Yes, things are heading down but PA didn't make that final push up that signals a change in attitude. Any comments? (pls: reasonable)
  • #135,971
  • Aug 27, 2009 6:25pm Aug 27, 2009 6:25pm
Low volume + lots of stops hit = higher we go

The markets were caught off guard and a few US banks decided to clean house.

m
  • #135,972
  • Aug 27, 2009 6:27pm Aug 27, 2009 6:27pm
Quoting Dazzer
Mike,

You were right about your buddies buying those support levels.

Fair play to you mate..
My buddies don't have that kind of coin.

Today was stops going off and lot's of funds losing money.

m
  • #135,973
  • Aug 27, 2009 6:30pm Aug 27, 2009 6:30pm
I heard some rumors many banks outside US are "full of USD". What do ya think?
  • #135,974
  • Aug 27, 2009 6:30pm Aug 27, 2009 6:30pm
There are very few times in my career where I'm a blind shorter.

Right now is one of them.

The more up it goes... the more shorts I add.

m
  • #135,975
  • Aug 27, 2009 6:34pm Aug 27, 2009 6:34pm
Quoting TheFisherman
I heard some rumors many banks outside US are "full of USD". What do ya think?
More importantly... what do mean?

m
  • #135,976
  • Aug 27, 2009 6:37pm Aug 27, 2009 6:37pm
Quoting acumen
There are very few times in my career where I'm a blind shorter.

Right now is one of them.

The more up it goes... the more shorts I add.

m
Interesting theory. I've been doing that all week with EURGBP and I'm still waiting for the reversal. I'm with you on the shorts, but can't afford any new orders as yet..

I'm hoping you're right again..

Dazzer
  • #135,977
  • Aug 27, 2009 6:37pm Aug 27, 2009 6:37pm
Yeah,

That s it

Up again

Thank you Big Dogs

Dont let me down
  • #135,978
  • Aug 27, 2009 6:38pm Aug 27, 2009 6:38pm
Quoting acumen
More importantly... what do mean?

m
Yep..you know how things work. Rumors, information... You know what I mean by "full of USD" c'mon!
  • #135,979
  • Aug 27, 2009 6:41pm Aug 27, 2009 6:41pm
Quoting learntowin
Yeah,

That s it

Up again

Thank you Big Dogs

Dont let me down
Told ya you're in luck now, but believe me: sooner or later you gonna get burned. This is not the place to risk your money based on what you think BD is going to do unless you have some info. And if you do, please share.
  • #135,980
  • Aug 27, 2009 6:43pm Aug 27, 2009 6:43pm
Quoting TheFisherman
I'm still up even if it's 2 am here.... PA way too interesting. Would appreciate some talk even small. I am still waiting for my long to complete. Yes, things are heading down but PA didn't make that final push up that signals a change in attitude. Any comments? (pls: reasonable)
OK I had a 15 pip breakout trap set & it just got filled. I might have been lucky to get all of that. I am skittish about top-buying here but will be thinking sell if it gets a little higher, say above 4400... Will be watching.
"If The Fool persists in his Folly he will become wise." - William Blake
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