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  • #257,681
  • Jun 14, 2010 2:29pm Jun 14, 2010 2:29pm
Looking how S&P and DJ daily candles look like... and if they stay similar to what they are now in the next 1h and 30 mins(no reason not to, who would buy now after the bad news and when we are way off the highs) i think we will go lower tomorrow.

I don`t trade longer term so i won`t guess what will happen after that, but right now i think we will see price going lower after us close.

Any other opinions?
Attached Image (click to enlarge)
Click to Enlarge Name: ddd.gif Size: 23 KB
  • #257,682
  • Jun 14, 2010 2:33pm Jun 14, 2010 2:33pm
38 is a short

teb
  • #257,683
  • Jun 14, 2010 2:34pm Jun 14, 2010 2:34pm
Is that not the same thing as shooting and _then_ aiming?

Just sayin'...

Quoting grandpost
I bought at 1.2219 holding upto 1.23 at least untlil I a make analysis.....
.:"If you do square work, you do not cut corners":.
  • #257,684
  • Jun 14, 2010 2:34pm Jun 14, 2010 2:34pm
Quoting Now
Seems like you will be shorting your pants.

http://img256.imageshack.us/img256/8...ture6rw.th.png

Maybe, and then again maybe not If it closes below 2216 its in for the short ride
  • #257,685
  • Jun 14, 2010 2:34pm Jun 14, 2010 2:34pm
Quoting alexandru987
Looking how S&P and DJ daily candles look like... and if they stay similar to what they are now in the next 1h and 30 mins(no reason not to, who would buy now after the bad news and when we are way off the highs) i think we will go lower tomorrow.

I don`t trade longer term so i won`t guess what will happen after that, but right now i think we will see price going lower after us close.

Any other opinions?
I'm totally agree with you . Will keep my short until London open to see how they react to the news.

EDIT: DJ is running wild now.
  • #257,686
  • Jun 14, 2010 2:36pm Jun 14, 2010 2:36pm
i guess the dow will be ignored. oh well.
  • #257,687
  • Jun 14, 2010 2:41pm Jun 14, 2010 2:41pm
Quoting TEB63
38 is a short

teb

quick 12pip 1st lot
2nd lot free trade


teb
  • #257,688
  • Jun 14, 2010 2:44pm Jun 14, 2010 2:44pm
Quoting TEB63
quick 12pip 1st lot
2nd lot free trade


teb
Nice trade
  • #257,689
  • Jun 14, 2010 2:50pm Jun 14, 2010 2:50pm
wat do you guys suggest .. a down wards slide
  • #257,690
  • Jun 14, 2010 2:54pm Jun 14, 2010 2:54pm
Quoting longnt
I'm totally agree with you . Will keep my short until London open to see how they react to the news.

EDIT: DJ is running wild now.
sorry what news you are on about?
  • #257,691
  • Jun 14, 2010 2:55pm Jun 14, 2010 2:55pm
I just added more buys


Quoting artofwar
Is that not the same thing as shooting and _then_ aiming?

Just sayin'...
  • #257,692
  • Jun 14, 2010 2:56pm Jun 14, 2010 2:56pm
Quoting raasmasud
wat do you guys suggest .. a down wards slide

I dont think anyone knows

I could make it go down. All I need to do is enter long and it will drop.
  • #257,693
  • Jun 14, 2010 2:57pm Jun 14, 2010 2:57pm
Quoting Jhig
Price found resistance. Reason for the retrace.
How did you find those resistance levels please.
  • #257,694
  • Jun 14, 2010 3:00pm Jun 14, 2010 3:00pm
Quoting sam69
... if we can't break this line in 30min,thenn i'll go short...
Excellent psychotic trendline (that touched the high). Thanks for posting even though I was doing groceries at the time.
  • #257,695
  • Jun 14, 2010 3:03pm Jun 14, 2010 3:03pm
awesome.....I just posted a trade buying because lots of sell here.....lol

Quoting Jayded1
I dont think anyone knows

I could make it go down. All I need to do is enter long and it will drop.
  • #257,696
  • Jun 14, 2010 3:05pm Jun 14, 2010 3:05pm
Quoting max00077
sorry what news you are on about?
Moody downgraded Greece. The news came after London close.
  • #257,697
  • Jun 14, 2010 3:05pm Jun 14, 2010 3:05pm
Quoting clambill
How did you find those resistance levels please.
This is a Fib Fan. Works similar to Fib Retracements.
Fib Fan works best in trending markets (up or down markets). Doesn't work so well in tight ranging markets. Fib Retracements work well for tight ranging markets.

My chart has 3 fib fans showing me possible levels of resistance/reversal/ Same a Fib Retracements. In order to apply a fib fan properly, you must scale-out of your charts and look for high/low levels or low/high levels.
Attached Image (click to enlarge)
Click to Enlarge Name: fan.PNG Size: 53 KB
  • #257,698
  • Jun 14, 2010 3:08pm Jun 14, 2010 3:08pm
Quoting Jhig
This is a Fib Fan. Works similar to Fib Retracements.
Fib Fan works best in trending markets (up or down markets). Doesn't work so well in tight ranging markets. Fib Retracements work well for tight ranging markets.

My chart has 3 fib fans showing me possible levels of resistance/reversal/ Same a Fib Retracements. In order to apply a fib fan properly, you must scale-out of your charts and look for high/low levels or low/high levels.
Cool, thanks.
  • #257,699
  • Jun 14, 2010 3:09pm Jun 14, 2010 3:09pm
Like GU, EU is heading sideways.
  • #257,700
  • Jun 14, 2010 3:12pm Jun 14, 2010 3:12pm
Quoting Jhig
Like GU, EU is heading sideways.
yep, looks like everyone is taking a smoke break right now...
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