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  • #184,161
  • Jan 24, 2010 2:45pm Jan 24, 2010 2:45pm
Quoting SkyzerFX
I got what he said.. Don't worry.. But when Market opens for first like 1 hour

of trading sometimes my broker has very wide spread and when

it's back to normal in 1 hour, price could change by then
what are you blabbering about? He's talking about a position he opened before the weekend and is closing since he is up at the start of this week. I don't understand why you started talking about your brokers spread and price, let alone in an hour?????
  • #184,162
  • Jan 24, 2010 2:48pm Jan 24, 2010 2:48pm
Quoting tonyo524
Notice that in the reversal of the first bear flag there was a lot of selling pressure, but in the second bear flag there was a lot of buying pressure at the reversal bar.
Any increase in buying pressure after the extreme drop from the first Bear Channel may only represent what it took to keep it from falling more! In other words, if a chance to have upwards consolidation in preparation for another leg down was desired, they first had to stop the drop!
  • #184,163
  • Jan 24, 2010 2:49pm Jan 24, 2010 2:49pm
A lot of people will claim that Sunday's are not good trading days, and that there is no vlume on opening. But these last few weeks, we have seen a s*#@t storm right around Asian opening on Sunday's, just a quick reminder for the newbies on the forum!
All that is left in FF is just plain garbage. "Cloggie"
  • #184,164
  • Jan 24, 2010 2:50pm Jan 24, 2010 2:50pm
Quoting traderathome
Any increase in buying pressure after the extreme drop from the first Bear Channel may only represent what it took to keep it from falling more! In other words, if a chance to have upwards consolidation in preparation for another leg down was desired, they first had to stop the drop!
Sounds logical to me!
All that is left in FF is just plain garbage. "Cloggie"
  • #184,165
  • Jan 24, 2010 2:59pm Jan 24, 2010 2:59pm
Quoting SkyzerFX
120 trillion $$$ in liabilities and you talking about...
its a 3 way race with a lion. all usd has to do is run faster then the euro. so in your analysis dont just put up usd faults.. put up euro faults also.
those who can, do. those who cant, talk about those who can
  • #184,166
  • Jan 24, 2010 3:12pm Jan 24, 2010 3:12pm
Quoting psiholog
The PA that lead to a break down is also within a channel (green trendlines) that has been respected pretty well all week with pa hugging the lower wall. Now we are consolidating towards the upper wall in what also appears to be a bear flag. This is worth noting because if the "area of interest #1" gets reached in this bear flag consolidation manner, that may prove to be the next great selling point.

Overall my sentiment is quite bearish and will be looking for selling opportunities at the areas of interest early next week.


Attachment ...
Just entered short with half a position (1.156) 7minutes after my broker opened. My reasoning is...we may not reach that ideal area so I would rather not miss the ride down. On the other hand...if we do reach that level and I get stopped out (50pip stop loss) and I still feel very bearish...I get my ideal entry short with a full position. It is a win/win situation and I will benefit no matter what. The reason I say this is because if we are to break up hard (which I highly doubt)....I would have no time to place that second order because the move would happen so quick..which in essence saves me some pips.

Good pippin all
Different opinions highly valued, ignorant to slander.
  • #184,167
  • Jan 24, 2010 3:17pm Jan 24, 2010 3:17pm
Gold and oil are all on the move, now the fun begins. Good luck and good analysis to everyone, see ya at the end of the week.
All that is left in FF is just plain garbage. "Cloggie"
  • #184,168
  • Jan 24, 2010 3:33pm Jan 24, 2010 3:33pm
my guess it will reach 4220 around 9AM 2010.01.25 then drop down . i will sell around that area
  • #184,169
  • Jan 24, 2010 3:38pm Jan 24, 2010 3:38pm
Just a quick chart for you. A posible inverse head and shoulders forming on gold!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 165 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #184,170
  • Jan 24, 2010 3:39pm Jan 24, 2010 3:39pm
possible retrace to 4242 tl or math said 4250 another said 4286 and another 4288.. we usauly over shoot a few. so im looking at on dec chart 4260 76 93 if 4242 tl breached. will reconsider short st above 4305.. below 4238 bearish again st
those who can, do. those who cant, talk about those who can
  • #184,171
  • Jan 24, 2010 3:44pm Jan 24, 2010 3:44pm
Quoting hnosair
my guess it will reach 4220 around 9AM 2010.01.25 then drop down . i will sell around that area
Wow, exact time and date...aka the US session. What makes you think the Asian and European sessions will not bring much action? All of last week the Asian session especially was very active...what makes today any different in your eyes? Just curious.
Different opinions highly valued, ignorant to slander.
  • #184,172
  • Jan 24, 2010 3:46pm Jan 24, 2010 3:46pm
The last 5 attempts, including this one, on the H1 chart have failed to close above 4158 (23.6 fib). Perhaps this little bull run is running out of steam. Time will tell
Doing what you like is Freedom. Liking what you do is Happiness.
  • #184,173
  • Jan 24, 2010 3:48pm Jan 24, 2010 3:48pm
Quoting gatorinla
possible retrace to 4242 tl or math said 4250 another said 4286 and another 4288.. we usauly over shoot a few. so im looking at on dec chart 4260 76 93 if 4242 tl breached. will reconsider short st above 4305.. below 4238 bearish again st

and I hope that there would be a news indicating that the euro would go to hell ..
Let us be green
  • #184,174
  • Jan 24, 2010 3:49pm Jan 24, 2010 3:49pm
Quoting psiholog
Wow, exact time and date...aka the US session. What makes you think the Asian and European sessions will not bring much action? All of last week the Asian session especially was very active...what makes today any different in your eyes? Just curious.
just guessing. i used geometry to extrapolate and my extrapolation hit the 50% fibo exactly. it is still a guess.
  • #184,175
  • Jan 24, 2010 3:51pm Jan 24, 2010 3:51pm
Australia open is tearing this beast apart sideways.

Good luck all, not trading until New York open.
  • #184,176
  • Jan 24, 2010 3:53pm Jan 24, 2010 3:53pm
Quoting realjumper
The last 5 attempts, including this one, on the H1 chart have failed to close above 4158 (23.6 fib). Perhaps this little bull run is running out of steam. Time will tell
it does close above
Sorry was looking at 15 min chart
  • #184,177
  • Jan 24, 2010 3:54pm Jan 24, 2010 3:54pm
Quoting SashaP
it does close above
Not yet
Doing what you like is Freedom. Liking what you do is Happiness.
  • #184,178
  • Jan 24, 2010 3:55pm Jan 24, 2010 3:55pm
Quoting hnosair
just guessing. i used geometry to extrapolate and my extrapolation hit the 50% fibo exactly. it is still a guess.
Understood. You used the statistician method. My psychological method(aka analyzing the strength of bulls versus bears just by watching candles) tells me the action will happen sooner rather then later. Let's just say my gut feeling says the Asian traders would feel left out if they did not contribute to Friday's move (the panicky selloff in the US stock market which usually means a flight to safety aka a stronger dollar). Then again..like you said..this is my guess..time will tell.
Different opinions highly valued, ignorant to slander.
  • #184,179
  • Jan 24, 2010 3:58pm Jan 24, 2010 3:58pm
Quoting hnosair
just guessing. i used geometry to extrapolate and my extrapolation hit the 50% fibo exactly. it is still a guess.
it cant be a guess it must be a lot of had work
  • #184,180
  • Jan 24, 2010 4:02pm Jan 24, 2010 4:02pm
Quoting psiholog
Understood. You used the statistician method. My psychological method(aka analyzing the strength of bulls versus bears just by watching candles) tells me the action will happen sooner rather then later. Let's just say my gut feeling says the Asian traders would feel left out if they did not contribute to Friday's move (the panicky selloff in the US stock market which usually means a flight to safety aka a stronger dollar). Then again..like you said..this is my guess..time will tell.
i am just experimenting with geometric analysis, symmetry, etc. i believe this market geometry could be related to market dynamics, just like Fibo or EW or trend lines/channels. nothing guaranteed though.

it is good when different traders with different techniques converge on the same conclusion within some bound error
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