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  • #259,041
  • Jun 16, 2010 7:09pm Jun 16, 2010 7:09pm
FINALLY!!!

tp hit. i'm not going through this slow market again. i'm out. See you in early London.

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  • #259,042
  • Jun 16, 2010 7:10pm Jun 16, 2010 7:10pm
Thar she blows. Whohoooooooo 10 pips o movement.

Funny to it happened the second I walked away from the monitor and started watching my other boob tube.
  • #259,043
  • Jun 16, 2010 7:14pm Jun 16, 2010 7:14pm
looks like it has broken the wedge on the M5 to the downside...
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  • #259,044
  • Jun 16, 2010 7:18pm Jun 16, 2010 7:18pm
whoa, where did this come from?
  • #259,045
  • Jun 16, 2010 7:19pm Jun 16, 2010 7:19pm
Quoting Shugart
whoa, where did this come from?
It's been setting up all afternoon and evening....
  • #259,046
  • Jun 16, 2010 7:27pm Jun 16, 2010 7:27pm
Quoting PriceVolume
It's been setting up all afternoon and evening....
10-20pips of movement? Doesn't take much to get you short timers excited eh?

Yawn, wake me when it hit's 2200 or 2400.
  • #259,047
  • Jun 16, 2010 7:30pm Jun 16, 2010 7:30pm
Couple of traders including me have stated many hours ago that EU is setting itself up for a Big Bear movement. Im not quite sure if it has begunn yet or not, my positions are in order already, some of them were entered to early but as i said, those are longterm positions im keeping till 1.19 is hit. If you look at 4hr and or 1hr charts you will most likely see why

http://img8.imageshack.us/img8/8110/picture1ng.png
  • #259,048
  • Jun 16, 2010 7:33pm Jun 16, 2010 7:33pm
Quoting EasySt
10-20pips of movement? Doesn't take much to get you short timers excited eh?

Yawn, wake me when it hit's 2200 or 2400.
Oh, I didn't say that I was excited...just that this is a purely technically-based move that has been on the chart for hours.....

However, this move may....*MAY*....get the ball rolling for further downside.
  • #259,049
  • Jun 16, 2010 7:35pm Jun 16, 2010 7:35pm
Quoting PriceVolume
Oh, I didn't say that I was excited...just that this is a purely technically-based move that has been on the chart for hours.....

However, this move may....*MAY*....get the ball rolling for further downside.
It may, its actually still missing a harsh spike upwards but maybe im just being hopeful, becuase usually the big boys like to flush out stops, unless theyve already flushed them out in which case weve just started the move down. We will see =/ My positions are in place
  • #259,050
  • Jun 16, 2010 7:39pm Jun 16, 2010 7:39pm
[IMG]file:///C:/program%20files%20%28x86%29/mt4%20ecn%20powered%20by%20atc%20brokers/templates/c1.gif[/IMG]will the channel be broken...
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  • #259,051
  • Jun 16, 2010 7:39pm Jun 16, 2010 7:39pm
Quoting Orbital
It may, its actually still missing a harsh spike upwards but maybe im just being hopeful, becuase usually the big boys like to flush out stops, unless theyve already flushed them out in which case weve just started the move down. We will see =/ My positions are in place
We might not get that spike. Upwards PA has been really, really weak today....consolidation may be enough to get people long prior to the powers that be dropping the bottom out. As I posted earlier, we're in a bear continuation wedge....which tops out above 2400....but if it breaks prematurely, we may forego the "rally"....
  • #259,052
  • Jun 16, 2010 7:41pm Jun 16, 2010 7:41pm
Quoting tugabulls
[IMG]file:///C:/program%20files%20%28x86%29/mt4%20ecn%20powered%20by%20atc%20brokers/templates/c1.gif[/IMG]will the channel be broken...
My chart scaling is different, but I show that line to already be broken...there's several older lines to go, though....check the 4H.
  • #259,053
  • Jun 16, 2010 7:45pm Jun 16, 2010 7:45pm
Well i certainly agree with you, issue is there is an upfork and a fib extension to 1.2424 that is very strongly correlating, it topped out at a 1.382 extension at 2352 today and started its reversal movement which i sort of was expecting but didnt have the balls to wait that long.

Also i dont think the weekly bar is scheduled to turn red this week, so what i was getting at is that it might end bullish till 2424 and then start its bear movement to 1.19. Either way, its either going to enter bear today/friday or next week, i guess we will see, as i said my shorts are in place and i will add on the way up if it does, if not my shorts are already in place.

EDIT: Why is there no IRC chatroom for forexfactory

EDIT2: MACD on 4hr just went hello bears =/
  • #259,054
  • Jun 16, 2010 7:53pm Jun 16, 2010 7:53pm
Quoting Orbital
Well i certainly agree with you, issue is there is an upfork and a fib extension to 1.2424 that is very strongly correlating, it topped out at a 1.382 extension at 2352 today and started its reversal movement which i sort of was expecting but didnt have the balls to wait that long.

Also i dont think the weekly bar is scheduled to turn red this week, so what i was getting at is that it might end bullish till 2424 and then start its bear movement to 1.19. Either way, its either going to enter bear today/friday or next week, i guess we will see,...
Yep on the MACD. Also severe bearish divergence on the 4H. But nothing's a sure thing.
  • #259,055
  • Jun 16, 2010 7:55pm Jun 16, 2010 7:55pm
Quoting Orbital
but maybe im just being hopeful, becuase usually the big boys like to flush out stops, unless theyve already flushed them out in which case weve just started the move down.
...that's what worries me... i'm not nearly heavy enuff on my shorts to break down further at this point, so i'm very hopeful for that "harsh spike..." that's why i hate consolidation and days of slow MOM, it's a crap shoot sometimes as to whether you catch the wave or not. if i missed it, then puters off and go do something else for a couple days while the itty bitty entries do their thing... current TP down a'rd M1 at 2240

"harsh spike"... nice term btw.

current TP just above a'rd M1 (2240ish)
FUBAR...
  • #259,056
  • Jun 16, 2010 7:55pm Jun 16, 2010 7:55pm
Quoting Orbital
EDIT: Why is there no IRC chatroom for forexfactory
That's an awesome idea! We should set up some on EFnet or something. #EURUSD, #GBPUSD, etc
  • #259,057
  • Jun 16, 2010 7:55pm Jun 16, 2010 7:55pm
This could be a nice fall.
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  • #259,058
  • Jun 16, 2010 7:57pm Jun 16, 2010 7:57pm
Quoting PriceVolume
Yep on the MACD. Also severe bearish divergence on the 4H. But nothing's a sure thing.
Mind posting a pic of that divergence since i usually dont look at those but would be interested to look at it ^^

Oh and also calling a Bearwave 12 hours ago... where the hell are my vouchers
http://www.forexfactory.com/showpost...stcount=258843
  • #259,059
  • Jun 16, 2010 8:06pm Jun 16, 2010 8:06pm
Quoting Orbital
Mind posting a pic of that divergence since i usually dont look at those but would be interested to look at it ^^

Oh and also calling a Bearwave 12 hours ago... where the hell are my vouchers
http://www.forexfactory.com/showpost...stcount=258843
Here you go....
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  • #259,060
  • Jun 16, 2010 8:06pm Jun 16, 2010 8:06pm
Quoting ak4x
...that's what worries me... i'm not nearly heavy enuff on my shorts to break down further at this point, so i'm very hopeful for that "harsh spike..." that's why i hate consolidation and days of slow MOM, it's a crap shoot sometimes as to whether you catch the wave or not. if i missed it, then puters off and go do something else for a couple days while the itty bitty entries do their thing... current TP down a'rd M1 at 2240

"harsh spike"... nice term btw.

current TP just above a'rd M1 (2240ish)
1.2168 T1
1.2056 T2
1.1763 T3

Those are the Longterm TP levels ive got so far, shortterm i see why youve got your TP at 2240. If it breaks 2252 (last low wedge on 4hr) we can be positive of it turning into full blown bear mode. As i said though im curious whether or not it will happen this week or start next week and finish of a "harsh spike" up which should give us confirmation.

EDIT:

Thanks for the divergence pic
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