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  • #190,921
  • Feb 5, 2010 11:23am Feb 5, 2010 11:23am
3650 is possible max retrace my analysis is telling me for this afternoon, would love to go short at that point but I don't think we'll have time to get there today, once this daily bar closes I think it could open the way for a higher retrace next week. Kind of wish market was fully liquid 7 days a week, that would be nice, right?

About to test the bottom side of my monthly R1 ~3629, also noticed it bottomed right near my daily S2, ~3595. I'll be suprised if US equities take another stab at lows but they could after lunch, time will tell. 1050 is offering a good fight for gold right now, that may be the key.
This is what awesome feels like
  • #190,922
  • Feb 5, 2010 11:24am Feb 5, 2010 11:24am
Quoting gatorinla
yes maybe the closest level above .. but this is a strong bear. so maybe mid point about 1.36295 could be a entry.. but i entered long ago.. so use caution.. 50% numbers like 3605 are pretty acurate. the other is less but your going with the trend.. i think it will get there eventually.. the trick is not to get caught up in a retrace against you..
ok latest levels above are best for bears..along with mid points between lines 36295.... but if 3644 is respected then this could be baby bull.. 3644 takes us to 3696 + slip ... read the tea leaves.
those who can, do. those who cant, talk about those who can
  • #190,923
  • Feb 5, 2010 11:24am Feb 5, 2010 11:24am
Quoting ak4x
Go figger...

Attachment
An update to the Uber Fib...

This isn't anything I'm trading off of, but I'd be lying if I said it I wasn't watching it out the corner of my eye... It's an old 4h swing fib that escaped Deletion somehow and by the time I saw it again months later, it was still catching some key levels so I left it and built in some more extensions.

The -23% retracement extension just so happens to agree with one of Gators key numbers of 3606... ((yes gator I try to watch them... once my eyeballs settle down ))

Going back into History, we can see this was a contested area to some degree before (aqua circles) back in Spring/Summer 2007 and other periods forward on the Daily chart.

I'll often drill down into those levels to see how PA moved on shorter TF's and look for the Breakouts to see what I can see. I've shaded some of the key Past reversal levels on the fib for clarity and of course the Question is...

Are we at one now? I dunno. Have a good weekend...

Attached Image
FUBAR...
  • #190,924
  • Feb 5, 2010 11:25am Feb 5, 2010 11:25am
Quoting freedom48
If ı have to hope I hope up from here on this 1605 support the weaken Euro is my only fear..so far the trend bear is very hard and not support my decisions... at least I will retire from this job..If it not going up..((
retire from this job?!

if it doesnt support your decision, change that decision! go with the flow/trend..
  • #190,925
  • Feb 5, 2010 11:29am Feb 5, 2010 11:29am
I'm really waiting on the day when crackhead people stop buying JPY.

There is so much pips in prospect to run this worthless Piece of S*t

into the ground. JPY should be cut it in half at least to be near fair

valuation.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #190,926
  • Feb 5, 2010 11:29am Feb 5, 2010 11:29am
Bigger picture. EU lost 22% in 1st wave down, next wave at 22% would bring us to 1.17
  • #190,927
  • Feb 5, 2010 11:30am Feb 5, 2010 11:30am
There is simpilicity on your style, love the way you are trading, your chart means lot, PDF sharing of style will be more helpfull..

Regards


Quoting cannarek
thank you. my blog i for everybody, for free. i even do not have google ads. charity is totally different thing. everybody must grow to it imo. as always 'for everybody' doesnt mean everybody likes it. i am happy so many people start making money with me and that means for me a lot.
  • #190,928
  • Feb 5, 2010 11:32am Feb 5, 2010 11:32am
Quoting cunha
retire from this job?!

if it doesnt support your decision, change that decision! go with the flow/trend..
yes the key is the trend..but there is a chance now to see 13650 and above.. I bought on 13600 a big size to recover my losses...but a nightmare is on way I feel..my feelings have always better decisions and I never trust them..
" Accepting losses is the most important single investment devise "
  • #190,929
  • Feb 5, 2010 11:33am Feb 5, 2010 11:33am
Quoting cunha
I see those previous s/r levels, but 3560 seems inaccurate... it has a big error margin.

I see that hard s/r now around 3680. below that I only have 3483(61,8% fib lvl from last uptrend)
I would post a yellow submarine chart. Bu tthat area is valid on my charts. Also bear flag developing on the 5 minute!
All that is left in FF is just plain garbage. "Cloggie"
  • #190,930
  • Feb 5, 2010 11:34am Feb 5, 2010 11:34am
Quoting Clouds
next wave at 22% would bring us to 1.17
Sorry to disturb your dream, but ain't going to happen. Bottom is in 1.30 area

1.34-1.36 my guess.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #190,931
  • Feb 5, 2010 11:35am Feb 5, 2010 11:35am
Huh?
I think you have me mixed up with someone else.
I have already placed my order half a hour ago.
Try being a little more civil.

If I ever did say anything that came out wrong I am sorry but i doubt anything was said by me.
Randy


Quoting redsheriff
Ha ! ! !

Yes - we all can remember his smart remarks I think...

Pigs can't fly - and so on ...

ha

funny - funny - funny that...
One good turn gets most of the blankets.
  • #190,932
  • Feb 5, 2010 11:35am Feb 5, 2010 11:35am
Quoting smokemachine
Do you think it could retrace to 3694, I drew fibo on 1H chart and it looks it could reach that high before falling down next week...! what do you think...?
we need to get higher than 1.3629 to see more people (reenter short for me) get on the bear train. I think is oversold, is friday and we should see a retracement because of a lot of short positions closed. Just my thoughts.

At least 1.3696 to see more down movement and break 1.3596. GOOD LUCK!!. If your charts and system doesnt say that, wait until monday
  • #190,933
  • Feb 5, 2010 11:36am Feb 5, 2010 11:36am
Quoting SkyzerFX
Sorry to disturb your dream, but ain't going to happen. Bottom is in 1.30 area

1.34-1.36 my guess.
It's not a dream. Just my analysis. I would buy if I saw the monthly chart changed to bullish, or saw some type of base develop on monthly.
  • #190,934
  • Feb 5, 2010 11:36am Feb 5, 2010 11:36am
Quoting freedom48
yes the key is the trend..but there is a chance now to see 13650 and above.. I bought on 13600 a big size to recover my losses...but a nightmare is on way I feel..my feelings have always better decisions and I never trust them..
I agree it might retrace to 3650.. but then you should have waited for it and then sell...

and buying big sized lots to cover losses can be a big mistake...
  • #190,935
  • Feb 5, 2010 11:36am Feb 5, 2010 11:36am
Quoting SkyzerFX
Sorry to disturb your dream, but ain't going to happen. Bottom is in 1.30 area

1.34-1.36 my guess.

that would be awesome!!!
  • #190,936
  • Feb 5, 2010 11:36am Feb 5, 2010 11:36am
Quoting gatorinla
ok latest levels above are best for bears..along with mid points between lines 36295.... but if 3644 is respected then this could be baby bull.. 3644 takes us to 3696 + slip ... read the tea leaves.
Gator, if you don't mind:
- what do you mean by 3644 respected? is it to say that price will simply get there and go either way from there, or price to get there and bounce off of it a little only to cross it later, or something else?
- how did you determine that 3605 is soft supp.?
  • #190,937
  • Feb 5, 2010 11:40am Feb 5, 2010 11:40am
Right there between the RED and Green line, that's how I see it:

Besides such rapid decline last 3 days could mean that we already made the bottom or near.

Let's see on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_bottom.jpg Size: 86 KB
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  • #190,938
  • Feb 5, 2010 11:40am Feb 5, 2010 11:40am
Here we go.....
  • #190,939
  • Feb 5, 2010 11:40am Feb 5, 2010 11:40am
Closed all my positions already.So happy weekend).
  • #190,940
  • Feb 5, 2010 11:43am Feb 5, 2010 11:43am
Quoting ak4x
An update to the Uber Fib...

This isn't anything I'm trading off of, but I'd be lying if I said it I wasn't watching it out the corner of my eye... It's an old 4h swing fib that escaped Deletion somehow and by the time I saw it again months later, it was still catching some key levels so I left it and built in some more extensions.

The -23% retracement extension just so happens to agree with one of Gators key numbers of 3606... ((yes gator I try to watch them... once my eyeballs settle down ))

Going back into History, we can...
this level here in ak's post and a big red line on that monthly chart i posted may stop or slow this down. but on these other charts i see nothing to stop move from continuing. we have come far real fast. retrace is on all our minds.. but this trend is as strong as 2008..i never thought i would c another in my lifetime.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.gif Size: 27 KB
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