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  • #169,861
  • Dec 8, 2009 9:50am Dec 8, 2009 9:50am
Quoting IMARICH1
Good one! I like the train anaology!

Exactly......but if I board the wrong one.....it will take me way out of my way!!! And, I may not have enough money to make it back to where I started!

I think Volume is diminishing too for the SHorts for the day....but we could still push a little LOWER....I don't think its a free fall to 4625....yet.....

IMO
Im not saying its a free fall at all....Dude just dont stand on the tracks waiting for a train to hit you....All the sellers are just waiting to take out long stops....theyll laugh all the way to the bank, wait, they ARE THE BANK.
  • #169,862
  • Dec 8, 2009 9:50am Dec 8, 2009 9:50am
I think we might see some retrace from here. Bouncing off the weekley S1
  • #169,863
  • Dec 8, 2009 9:52am Dec 8, 2009 9:52am
And using Driver55's correlation with EU/JPY and USD/JPY with EU.....we are should be at 1.4719....they are all correlating so trying to get some clues there on which one make move.....along with CHF....

If this is wrong...please correct me....thanks
  • #169,864
  • Dec 8, 2009 9:54am Dec 8, 2009 9:54am
mfoste1,

I know you are not saying its a free fall....

I got your point and I think you are right!....but you have to understand that the train that is suppose to leave on time....may be off schedule....so I am trying to prepare for a LONG for this reason....

Goodluck!
  • #169,865
  • Dec 8, 2009 9:55am Dec 8, 2009 9:55am
Quoting IMARICH1
And using Driver55's correlation with EU/JPY and USD/JPY with EU.....we are should be at 1.4719....they are all correlating so trying to get some clues there on which one make move.....along with CHF....

If this is wrong...please correct me....thanks

banks are targeting 1.47, theyll try to take out stops below that....
  • #169,866
  • Dec 8, 2009 9:57am Dec 8, 2009 9:57am
Free fall? Well I guess it is
  • #169,867
  • Dec 8, 2009 9:58am Dec 8, 2009 9:58am
Quoting Paulenok
Free fall? Well I guess it is
Freefall was last January!
All that is left in FF is just plain garbage. "Cloggie"
  • #169,868
  • Dec 8, 2009 9:58am Dec 8, 2009 9:58am
Long at 1,4719
Bulls
  • #169,869
  • Dec 8, 2009 9:59am Dec 8, 2009 9:59am
we are already at 1.4715,near 1.46, i think we visit tonight 1.46...
  • #169,870
  • Dec 8, 2009 10:00am Dec 8, 2009 10:00am
divergence in MACD 4hr.... oversold in RSI 4hr as well.... i think we might hit 1.4625 but going to have a pullback first of all... if the bulls can take control at the top we might head back into the LT trend, it not we're heading south for a few months...

what does everyone think?
  • #169,871
  • Dec 8, 2009 10:03am Dec 8, 2009 10:03am
I think up, but opinions seem to be very different, so a range seems most likely
  • #169,872
  • Dec 8, 2009 10:06am Dec 8, 2009 10:06am
Quoting gatorinla
gbp attempting to cross daily 200 ema. rejected thus far. IF theres 400 pips below plus
if not break, what is your target gatorinla?
mind to share?
  • #169,873
  • Dec 8, 2009 10:12am Dec 8, 2009 10:12am
Gator,

Where is your 200 Day EMA located on price chart?

I see 6244...being a huge support area....if broken...GBP should drop as you say....is this what you are looking at as well? Do you think it will take EU with it or not since GBP is weaker at the moment compared to EU?

Thanks
  • #169,874
  • Dec 8, 2009 10:15am Dec 8, 2009 10:15am
Long at 1. 4711 tp 1.4800
  • #169,875
  • Dec 8, 2009 10:15am Dec 8, 2009 10:15am
Quoting thetruthspy
if not break, what is your target gatorinla?
mind to share?
200 ema about 6240 still above it. so you may want to wait and see. (sma at 6179) tp 5806 or much more 5310 4407. all so you 50% between these levels as a levels
those who can, do. those who cant, talk about those who can
  • #169,876
  • Dec 8, 2009 10:16am Dec 8, 2009 10:16am
I guess no retrace 1st stop 1.468 region should consolidate there for a little bit if not then 1.463 region. I thinink that would be a good place to take some profits off the table if you are short
  • #169,877
  • Dec 8, 2009 10:18am Dec 8, 2009 10:18am
Quoting Optimum
Long at 1,4719
Bulls

where u put sl?
  • #169,878
  • Dec 8, 2009 10:20am Dec 8, 2009 10:20am
I just closed .3 of a .5 USDCAD long, taken at 1.0509x. Not much money but great pipage and percentage win. Now I took a small long here, more of a hedge against my current USDCAD longs. Both pairs are at key levels (support for euro and resistance for cad).
Si vis pacem, para bellum.
  • #169,879
  • Dec 8, 2009 10:21am Dec 8, 2009 10:21am
Quoting IMARICH1
Gator,

Where is your 200 Day EMA located on price chart?

I see 6244...being a huge support area....if broken...GBP should drop as you say....is this what you are looking at as well? Do you think it will take EU with it or not since GBP is weaker at the moment compared to EU?

Thanks
october ass chart is a bear chart built with bearish numbers (poac). as long as numbers were respected by pa i was bearish. march chart was a bullish chart that pa no longer respects. at some point october numbers may not work. as stated before i have other bigger charts. if those levels are being followed i will repost it.
those who can, do. those who cant, talk about those who can
  • #169,880
  • Dec 8, 2009 10:22am Dec 8, 2009 10:22am
Seems like a stop hunt below Weekley S1
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