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  • #261,121
  • Jun 21, 2010 12:26pm Jun 21, 2010 12:26pm
Quoting ak4x
1hr chart detail shows this better than 4hr... Aqua MA is the equal of the 200sma on the 4hr chart.

You can see the penetration thru and and bounce (red shaded circle) followed by the (green circle) an eventual blast back thru and a 1hr CLOSE below the 800sma, the white LTL, and Support level shown on the Fib ((2348... my old swing high that I'm still using with extensions)).

This next hour or so should confirm the break... or not. I'm watching for some consolidation here as the afternoon wears on or a follow thru push lower with...
You might not be waiting long Ak....we'll see.
  • #261,122
  • Jun 21, 2010 12:29pm Jun 21, 2010 12:29pm
Ok for people wanting to short i think we have a reversal. I think this goes back down to 1.2200....SL is a little above 1.2450
  • #261,123
  • Jun 21, 2010 12:31pm Jun 21, 2010 12:31pm
is not the pair is a little over sold ?
ブードゥー教
  • #261,124
  • Jun 21, 2010 12:31pm Jun 21, 2010 12:31pm
Quoting gatorinla
sos
sos
Attached Image
those who can, do. those who cant, talk about those who can
  • #261,125
  • Jun 21, 2010 12:32pm Jun 21, 2010 12:32pm
My T1 #1219
  • #261,126
  • Jun 21, 2010 12:32pm Jun 21, 2010 12:32pm
Quoting ferndog
Ok for people wanting to short i think we have a reversal. I think this goes back down to 1.2200....SL is a little above 1.2450

do you think its going to retest 1.2384 again??

forget my question, this thing is going south, looking for 1.2240 as target...
  • #261,127
  • Edited 12:44pm Jun 21, 2010 12:33pm | Edited 12:44pm
Quoting ferndog
Ok for people wanting to short i think we have a reversal. I think this goes back down to...
Wherever it goes... the "Reversal" was at 2460ish or the 162% extension on my previously posted charts, however that may appear on your own personal charts.

This is all just follow thru confirmation imo... and STILL PLAYING OUT PER MY PREVIOUS POST. Nothing written in stone yet. That was a NOOB alert...

...as PV said, if you ain't already short, I'd wait for the entry. Any retracement from here could be painful if entered too early... and some busses just need to leave the station w/o you chasing them down the highway and getting run over... there'll be another trade soon enough.

I HATE PAIN...
FUBAR...
  • #261,128
  • Jun 21, 2010 12:35pm Jun 21, 2010 12:35pm
Quoting Voodoo
is not the pair is a little over sold ?
Depends on your TF. Although if you ask me, overbought and oversold indicators are hogwash anyway.
  • #261,129
  • Jun 21, 2010 12:37pm Jun 21, 2010 12:37pm
Left chart is my daily chart, highlighting the engulf bar which is why I believe we'll have more shorts tomorrow.

Right chart is my hourly, and price has to reach near 1.23 before a reversal happens. Which is what I'm waiting for.
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  • #261,130
  • Jun 21, 2010 12:38pm Jun 21, 2010 12:38pm
i am shorting from 2416 & planing to hold on it...plan is simple if we go below 2300 there is no reason for this baby bear not to go till 2150 ,or even below if 2150 fail to hold on ..... fingers crossed
  • #261,131
  • Jun 21, 2010 12:38pm Jun 21, 2010 12:38pm
Quoting Jhig
Left chart is my daily chart, highlighting the engulf bar which is why I believe we'll have more shorts tomorrow.

Right chart is my hourly, and price has to reach near 1.23 before a reversal happens. Which is what I'm waiting for.
I see something at 2306 that may bolster your bounce scenario.
  • #261,132
  • Jun 21, 2010 12:39pm Jun 21, 2010 12:39pm
Quoting Jhig
Left chart is my daily chart, highlighting the engulf bar which is why I believe we'll have more shorts tomorrow.

Right chart is my hourly, and price has to reach near 1.23 before a reversal happens. Which is what I'm waiting for.
ye eyeballing that pattern forming all day
  • #261,133
  • Jun 21, 2010 12:41pm Jun 21, 2010 12:41pm
Thats my speculation over the next time
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  • #261,134
  • Jun 21, 2010 12:41pm Jun 21, 2010 12:41pm
in answer to a pm... eventual mid-term target ZONE is the Daily 21sma at 2190/2200ish and my Hzl S/R line at 2150ish. That gives me a'rd 50 pis range to play in.

However, PA between then and now will tell the Tale.
FUBAR...
  • #261,135
  • Jun 21, 2010 12:42pm Jun 21, 2010 12:42pm
Quoting Amie_Senior
You may be right , but it'll be nice to retest 449 as well.

Anyway let's see...

a little advice, when he posts directed at you personally...listen and read into it, he knows his stuff better than most(or all) and is always helping us
Take care

Donnie
  • #261,136
  • Jun 21, 2010 12:43pm Jun 21, 2010 12:43pm
Quoting uraceulose
a little advice, when he posts directed at you personally...listen and read into it, he knows his stuff better than most(or all) and is always helping us
Take care

Donnie
Wise words.
  • #261,137
  • Jun 21, 2010 12:47pm Jun 21, 2010 12:47pm
Quoting PriceVolume
I see something at 2306 that may bolster your bounce scenario.
Which is why I'm in "wait mode". I still have my shorts running so if 1.23 level is hit, I'll have chalked up 150 pips for the day. I wouldn't be surprised if price continued pass that level.

I really believe shorts will be in full play tomorrow because of that engulfed bar. You guys will see me during late Asian or early London looking to get in early on any short moves.
  • #261,138
  • Jun 21, 2010 12:49pm Jun 21, 2010 12:49pm
Quoting uraceulose
a little advice, when he posts directed at you personally...listen and read into it, he knows his stuff better than most(or all) and is always helping us
Take care

Donnie
Who are we referring to?
  • #261,139
  • Jun 21, 2010 12:50pm Jun 21, 2010 12:50pm
Two good trades for me today both short +30. Great way to start the week.

LOL, entered a bit early of my signal on the second one and it came within 4 pips of stopping me out and taking back my gains today before going to +30

Looks like I could have stayed in for more, but I always lock in +30 and thank the trading gods for not smacking me around.
  • #261,140
  • Jun 21, 2010 12:50pm Jun 21, 2010 12:50pm
Quoting uraceulose
a little advice, when he posts directed at you personally...listen and read into it...


Quoting PriceVolume
Although I think it may be giving me gas... too.
I listen to PV whether he posts to me or not... unless he's just passing gas along with the rest of us old farts...
FUBAR...
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