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  • #154,501
  • Oct 21, 2009 6:20am Oct 21, 2009 6:20am
Quoting TexasforEX
There is also the possibility of a failed US Treasury auction. Whatcha think that would do?

I'm on record that I see a short term retracement. Cable is a better short though. I'm waiting for confirmation as I type.

so much for a cable short. thankfully my system did not give entry until below yesterday's low.

weird day so far, very weird day.
"Timing Is Everything. Really I Swear It Is"
  • #154,502
  • Oct 21, 2009 6:24am Oct 21, 2009 6:24am
hmmm....
Attached Image
  • #154,503
  • Oct 21, 2009 6:34am Oct 21, 2009 6:34am
This might be something....

Perhaps a retest of the 149 handle.
Attached Image (click to enlarge)
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  • #154,504
  • Oct 21, 2009 6:36am Oct 21, 2009 6:36am
So far fibre has been hangin around the pivot of 49355 all day, she had a brief move down early in the morning and a brief move up earlier. On H1, she is still creating Higher lows and I still foresee a move up. It is just a matter of time, and time is what I have plenty of..
  • #154,505
  • Oct 21, 2009 6:38am Oct 21, 2009 6:38am
maybe a bit shy of the handle, at second glance.
NY has yet to open......
Attached Image (click to enlarge)
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  • #154,506
  • Oct 21, 2009 6:39am Oct 21, 2009 6:39am
Quoting toshi
I gotta get out the microscope and try to figure out what this was all about.

Any ideas ?

To me, it looked like London filling sell orders for customer accounts, considering the time of day.
if it was money center banks or institutional, it would have gone down harder, faster & futher
(that's what she said....)
I think orders being swapped. I think she's getting ready to jump, off a cliff.

Disclaimer: I am extremely biased.
  • #154,507
  • Oct 21, 2009 6:40am Oct 21, 2009 6:40am
Quoting toshi
This might be something....

Perhaps a retest of the 149 handle.

I don't think she is going to get below 49100 on this run, we will see a rebound to the pivot shortly. Not enough strength in the market to drive her down
  • #154,508
  • Oct 21, 2009 6:41am Oct 21, 2009 6:41am
here we go
those who can, do. those who cant, talk about those who can
  • #154,509
  • Oct 21, 2009 6:41am Oct 21, 2009 6:41am
The long term trend is definitely long, but yesterday the usd came back on itself after us stocks decreased the economy showing more signs of weskness-it benefits the currency-nearly 100 pips!
  • #154,510
  • Oct 21, 2009 6:45am Oct 21, 2009 6:45am
well....

That was certainly cooperative...
Attached Image (click to enlarge)
Click to Enlarge Name: orders3.PNG Size: 34 KB
  • #154,511
  • Oct 21, 2009 6:46am Oct 21, 2009 6:46am
Quoting SerpentDove
I think orders being swapped. I think she's getting ready to jump, off a cliff.

Disclaimer: I am extremely biased.

Now if we could just get the game of who can close their longs the fastest going, I'd feel I was going to get somewhere with my shorts.
  • #154,512
  • Oct 21, 2009 6:46am Oct 21, 2009 6:46am
Quoting cloggie
I don't think she is going to get below 49100 on this run, we will see a rebound to the pivot shortly. Not enough strength in the market to drive her down

The M15 closed at 49101, let's see what happens next. I am confident she will move back to the pivot, especially if the H1 closes above 49185
  • #154,513
  • Oct 21, 2009 6:54am Oct 21, 2009 6:54am
I believe I have hit the time to get off trading for a while point.

I am just leaving 1 open position on EU. Short. Looking for Target of 1.4877 and then 1.4859.

FYI my last position on EU was long which hit SL and well I am quite disappointed with my trading in the last two days.

I had a very interesting conversation with a trader a year or two back he told me to look at the 30M candle before NY open and how it is almost always reverse of intra-day trend. Dont know if this still holds good or not. Will check on the weekend.



Neo
  • #154,514
  • Oct 21, 2009 7:02am Oct 21, 2009 7:02am
Quoting cloggie
The M15 closed at 49101, let's see what happens next. I am confident she will move back to the pivot, especially if the H1 closes above 49185
H1 closes at 49190, back to the pivot. Did anyone take the long from 49101 with a TP at the pivot? These daily runs around the Pivot can bring some good rewards if the entries are planned right.
  • #154,515
  • Oct 21, 2009 7:04am Oct 21, 2009 7:04am
Fudge.
  • #154,516
  • Oct 21, 2009 7:08am Oct 21, 2009 7:08am
Quoting cloggie
H1 closes at 49190, back to the pivot. Did anyone take the long from 49101 with a TP at the pivot? These daily runs around the Pivot can bring some good rewards if the entries are planned right.

This little run may go through the pivot bouncing of 49480, if so would be a nice run of 300 pips. Let's see what happens to the next 3 M5's. There is still a weak resistance at 4929 to overcome first.
  • #154,517
  • Oct 21, 2009 7:12am Oct 21, 2009 7:12am
Quoting toshi
well....

That was certainly cooperative...
i dont think the m is over. maybe 4933 then 4884.. then some..
if not we cross the yellow line toward 1.5
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #154,518
  • Edited 7:27am Oct 21, 2009 7:14am | Edited 7:27am
Looking at the chart of gold, it appears more clear than the EU one. We can see that a reversal could be in stage.
We can count 5 waves down (w1 in yellow) and 3 waves up (w2 in yellow).
Now a new impulsiv wave down is unfolding and completed another 5 wave of smaller degree.
If the count is correct, we will see further lows in EurUsd in the next hours.
What do you think about?
Sorry for my English.
Attached Image (click to enlarge)
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IL SUCCESSO E' UNA SCIENZA ESATTA.
  • #154,519
  • Oct 21, 2009 7:14am Oct 21, 2009 7:14am
I think I'll write a book on trading. The title will be "1.5000".
The material gives me this thread, for all the theories put forward by participants in these days.
The best thing that can happen to you is to find out where you're wrong.
  • #154,520
  • Oct 21, 2009 7:18am Oct 21, 2009 7:18am
Quoting Driver55
I think I'll write a book on trading. The title will be "1.5000".
The material gives me this thread, for all the theories put forward by participants in these days.

For the record, I am 100% with D55. I am confident we will see 1.5 especially with such a big support of 48430 on the daily, it is just not going to be this week.

But then again who am I, I only have a few posts here.
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