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  • #197,741
  • Feb 17, 2010 8:51pm Feb 17, 2010 8:51pm
Quoting Onzie77
my psychic tells me that greece is primed for a rebound because olives will almost go extinct making them rarer than gold and traded on commodities so olives will push the euro up so buy euro guys!
another thing california has in commoun with greece.. olives..
those who can, do. those who cant, talk about those who can
  • #197,742
  • Feb 17, 2010 8:54pm Feb 17, 2010 8:54pm
The possibility of the upside move for EURUSD is rather clear. It’s formed a 5 wave formation, then we watched a significant retracement. From this point wave 3 may begin to form. More over, the upside move @EU does correlate with the same direction at the other reviewed instruments.

You can try opening buy orders with stops right below the previous min level – 1.3525.

The chart that's describing my pattern you can explore through the link in the signature.
  • #197,743
  • Feb 17, 2010 8:54pm Feb 17, 2010 8:54pm
Quoting TheLastCoke
Does this look delusional?
thats why 68 scares me.. but.....we did close below 3622... *>*
those who can, do. those who cant, talk about those who can
  • #197,744
  • Feb 17, 2010 8:56pm Feb 17, 2010 8:56pm
Quoting leafarct
just under 8k

I started the day with 7.911

Current 14.397
on a 200 pip move in choppy conditions ? next week you may be broke with that kind of money management
Blogging daily now at www.volume.zone
  • #197,745
  • Feb 17, 2010 8:58pm Feb 17, 2010 8:58pm
Quoting uraceulose
Ditto, just drop the indy's until you understand the PA. The indicator should be used for confluence not entry/exit unless it is confluent with a say a S/R level, TL, pin bar...something.
I'd say more stalk your trade on a longer timeframe chart, then when it's getting close to your pre-determined entry zone. Go ahead and get your favorite indy going and just double check for confluence.

my .02 pips
and you are perfectly right here, donnie.

a month ago, working with the 15min timeframe appeared really easy just looking at the ohlc-bars aiming for ~10-15 pips. for that reason, i missed nearly any of the asian downmoves.

switching tf to 5 min and the problems began... much noise, indys not working as (thought to be) intended and so on.
  • #197,746
  • Feb 17, 2010 9:08pm Feb 17, 2010 9:08pm
Quoting gatorinla
thats why 68 scares me.. but.....we did close below 3622... *>*

We have a perfect bearish "railroad track" on the daily chart.
  • #197,747
  • Feb 17, 2010 9:10pm Feb 17, 2010 9:10pm
Quoting Tovinces
The possibility of the upside move for EURUSD is rather clear. It’s formed a 5 wave formation, then we watched a significant retracement. From this point wave 3 may begin to form. More over, the upside move @EU does correlate with the same direction at the other reviewed instruments.

You can try opening buy orders with stops right below the previous min level – 1.3525.

The chart that's describing my pattern you can explore through the link in the signature.
I dont believe the upmove is that clear... what went up yesterday, was destroyed (+ some) today... and it is still respecting all my bearish channels and pitchforks...
  • #197,748
  • Feb 17, 2010 9:12pm Feb 17, 2010 9:12pm
Quoting TheLastCoke
Does this look delusional?

thing is not really ....anything could happen

odd things are going on in the market last 2 weeks. Not sure what is coming down the pipeline but something is ....

right now longs not a good idea until we get a close on 4 hour above that 1,3640 level ( weekly close last week)

also as of now we are still under yesterdays low

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #197,749
  • Feb 17, 2010 9:20pm Feb 17, 2010 9:20pm
That means we are not going to 1.7230 anytime soon ....... very sad for me.
The Thief of Wall Street
  • #197,750
  • Feb 17, 2010 9:22pm Feb 17, 2010 9:22pm
Quoting cunha
I dont believe the upmove is that clear... what went up yesterday, was destroyed (+ some) today... and it is still respecting all my bearish channels and pitchforks...
I suggested that today's bearish direction was a significant correction to the previous bullish gains. The daily stochastics are close to the 50 level, that's why both variants may take place. Though, I think that EURUSD does some bullish pips before it continues rally to the downside.
Even if I'm wrong, the SL I offered is tight enough, especially comparing to the profit possibilities.
  • #197,751
  • Feb 17, 2010 9:23pm Feb 17, 2010 9:23pm
s and p futures showing MAJOR weakness and could be end of up move

no volume on the up bar today at all ... aka NO demand = sell the hell out of it. If this plays out tomorrow EU may even break 1,3500

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Blogging daily now at www.volume.zone
  • #197,752
  • Feb 17, 2010 9:27pm Feb 17, 2010 9:27pm
Quoting malcolmb14
s and p futures showing MAJOR weakness and could be end of up move

no volume on the up bar today at all ... aka NO demand = sell the hell out of it. If this plays out tomorrow EU may even break 1,3500

Attachment
let the sun come out tomorrow.. wait till china raises peg next month again... did you here a pop?
those who can, do. those who cant, talk about those who can
  • #197,753
  • Feb 17, 2010 9:28pm Feb 17, 2010 9:28pm
Quoting enterfx
We have a perfect bearish "railroad track" on the daily chart.
your preaching to the choir
those who can, do. those who cant, talk about those who can
  • #197,754
  • Feb 17, 2010 9:29pm Feb 17, 2010 9:29pm
Quoting malcolmb14
thing is not really ....anything could happen

odd things are going on in the market last 2 weeks. Not sure what is coming down the pipeline but something is ....

right now longs not a good idea until we get a close on 4 hour above that 1,3640 level ( weekly close last week)

also as of now we are still under yesterdays low

Attachment
Really enjoying your thoughts recently malc, much prefer your use of daily/weekly OHLC levels than VWAP and things like that. Probably because I use similar concepts ... on shorter TF I also use session open as S/R, especially LO and NYO.

Keep it up!

  • #197,755
  • Feb 17, 2010 9:29pm Feb 17, 2010 9:29pm
Quoting Chicky
That means we are not going to 1.7230 anytime soon ....... very sad for me.
'Soon' is a relative term Chicky
Doing what you like is Freedom. Liking what you do is Happiness.
  • #197,756
  • Feb 17, 2010 9:32pm Feb 17, 2010 9:32pm
overall is still bearish but longs maybe for counter trend trading which is need cautious monitoring. i personally letting my shorts towards 3480 area for tp. Also i'm looking for super short term long but i can't marry with that trade as i'm opposing the bear sentiment... so while bear is taking a nap for a while, i kill some bulls to feed my children..
Be a sniper not a jumper
  • #197,757
  • Feb 17, 2010 9:35pm Feb 17, 2010 9:35pm
atm i want to see what happens if this baby up move hits 3591..respect here we should retrace to 3625 + i think 43 holds the cap if needed.. 43 should be a soft top.. if it contains is 25 will be the next soft s/r...

if 91 untouched.. assume the position.. valid without a lower bottom

im discounting the fact that we have not breeched 3531.. so technically we are still in fridays baby bull untill 3824 or 3531 is taken out.. i better keep this in mind..
those who can, do. those who cant, talk about those who can
  • #197,758
  • Feb 17, 2010 9:36pm Feb 17, 2010 9:36pm
http://www.zerohedge.com/article/gol...rket-gold-sale

The IMF just announced it would resume selling the balance of its preapproved for sale gold, of which 191.3 tons remains. The sales would be in a phased manner over time to avoid disrupting the gold markets. This is not major news as this is inline with the IMF's September 2009 announcement to sell 403.3 metric tons of gold. As is well known the IMF has already sold 212 metric tons. Nonetheless, gold is selling off after hours. As gold was bought via dollar shorts, the current unwind is sending the dollar proportionately higher.
  • #197,759
  • Feb 17, 2010 9:43pm Feb 17, 2010 9:43pm
Well my friends...I've set my trade. Already short, SL@3600, TP@3490. Right now price is flirting with the upper line of the channell. I'm out to party a little with the gang!! See you all in a couple of hours!!!
Good trades to all!!!
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  • #197,760
  • Feb 17, 2010 9:50pm Feb 17, 2010 9:50pm
Quoting maurofx
Well my friends...I've set my trade. Already short, SL@3600, TP@3490. Right now price is flirting with the upper line of the channell. I'm out to party a little with the gang!! See you all in a couple of hours!!!
Good trades to all!!!
Goiod luck to you......your TP is my first target, second target is 3410. Enjoy the party...me and Jose Cuervo are going to have a 'meeting' later....
Doing what you like is Freedom. Liking what you do is Happiness.
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