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  • #268,501
  • Jul 7, 2010 5:00pm Jul 7, 2010 5:00pm
I have a lot of uncertainty about going long or short right now, the Nikkei should go up because the DJIA closed above 10.000, so I dont know if this will lift the risk appettite.

On the other hand, I went short on 1.2560 today and of course I lost, so I need some help please.
  • #268,502
  • Jul 7, 2010 5:03pm Jul 7, 2010 5:03pm
I suppose 7.7.2010 should be considered as a hammer on daily, hence tomorrow spike to 1,2740 area could be likely.
  • #268,503
  • Jul 7, 2010 5:09pm Jul 7, 2010 5:09pm
Still, most analysts in a Reuters poll believe the euro will stay weak against the dollar over the coming year. The survey of about 60 analysts, taken July 2-7, predicted the euro would fall to $1.24 in one month and $1.20 in three months, then to $1.18 in six months and in mid-2011.

Source:
http://www.reuters.com/article/idUSTRE6533CI20100707
  • #268,504
  • Jul 7, 2010 5:12pm Jul 7, 2010 5:12pm
I first need to see a breakthrough through 2630 before I'm convinced it's really downtrending. Nothing is happening. I though the double head at H1 would appear nicely, but nothing seems in my favour @ market.
  • #268,505
  • Jul 7, 2010 5:14pm Jul 7, 2010 5:14pm
Quoting gatorinla
http://www.youtube.com/watch?v=ntm1YfehK7U
tl says its time soon. should be less then 8h

great song, but I like ur chart even better .......we have some similar #s
http://www.forexfactory.com/showthre...92#post3855192
  • #268,506
  • Jul 7, 2010 5:20pm Jul 7, 2010 5:20pm
The Fibonacci Song

(I like the beginning best) 1500000 views



Inserted Video
Follow the Trend, thats all
  • #268,507
  • Jul 7, 2010 5:22pm Jul 7, 2010 5:22pm
Quoting Liberteh
I first need to see a breakthrough through 2630 before I'm convinced it's really downtrending. Nothing is happening. I though the double head at H1 would appear nicely, but nothing seems in my favour @ market.
I have an EMA (14) in TF 1 hour at the 1.2617 which is the fib 23.60 of the long move from july 5 to today. That will be a confirmation?
  • #268,508
  • Jul 7, 2010 5:38pm Jul 7, 2010 5:38pm
That's funny, 61.8 Fibo is @ 2625 at my chart
  • #268,509
  • Jul 7, 2010 5:42pm Jul 7, 2010 5:42pm
Well wat a great vid. "to know the rules but break them" .
  • #268,510
  • Jul 7, 2010 5:43pm Jul 7, 2010 5:43pm
Puts me in mind of someone that?!?!
  • #268,511
  • Jul 7, 2010 5:45pm Jul 7, 2010 5:45pm
MANY THANKS PAULY I could not have said it better.
  • #268,512
  • Jul 7, 2010 5:45pm Jul 7, 2010 5:45pm
Quoting gatorinla
not me.. i got what i need. i got an entry 34 confirmations and a sl to cover unexpected news. between 2711.2 and 2746 is...

http://www.youtube.com/watch?v=DRA0gTcPaio&feature=fvst
indis will turn after and confirm
Yo g i was wondering if you know where I could find a baltic dry chart? I was at work today thinkin about how AK was talking about how there was literally no freight trucks on I-20 when he went on that road trip....kinda scary if i say so
  • #268,513
  • Jul 7, 2010 5:45pm Jul 7, 2010 5:45pm
Quoting uraceulose
okay, golf time again. no shorts today though on this pair. I was stopped out on a GJ short earlier and am going to try and recover some/all of the loss with a GU short @ 5201. I am long AU now as we are above pivots. I have a pending long order set @ 8600 on AU. GU short is still due to daily chart and even on the shorter terms the hulls ma is turning over and daily R1 seems to have held up for the time being. no TP on gu short for now.

later
wouldnt you use pivot as a reverse trade finder?
what's your method?
  • #268,514
  • Jul 7, 2010 5:48pm Jul 7, 2010 5:48pm
Quoting msj_rs
Hi gator!

What those pink elipses say to you??
well the lines were there before the candles. it tells me its the path a bull takes. the last line in the sequence is the path finished. so the bull will run a little more then backtrack usually. so that may be a top. and lower trend may resume. stress test may cancel this. there are a few bumps to prevent 2711.2 from getting hit. but time will always show us the past. never the future
those who can, do. those who cant, talk about those who can
  • #268,515
  • Jul 7, 2010 5:53pm Jul 7, 2010 5:53pm
Quoting mfoste1
Yo g i was wondering if you know where I could find a baltic dry chart? I was at work today thinkin about how AK was talking about how there was literally no freight trucks on I-20 when he went on that road trip....kinda scary if i say so
google it.. but its down 40% in the last 30 days. that 40% is over last years depressed #s. in reality its at a 5 yr low. so less bulk like commodities is being shipped to china etc..
those who can, do. those who cant, talk about those who can
  • #268,516
  • Jul 7, 2010 5:56pm Jul 7, 2010 5:56pm
any volume guros here? if so. whats your take on volume the last five weeks?
those who can, do. those who cant, talk about those who can
  • #268,517
  • Jul 7, 2010 6:08pm Jul 7, 2010 6:08pm
Quoting gatorinla
any volume guros here? if so. whats your take on volume the last five weeks?
I wish I could see Volume on Oanda... but it is summer anyway, low volume.
  • #268,518
  • Jul 7, 2010 6:11pm Jul 7, 2010 6:11pm
Attached Image


Oh well...the kid wouldn't listen.


Once again, a big Nod to Twee and the gang for a Hard Job well done..
Attached Image



Now for the multiple username attempt... wait for it, it'll come.
FUBAR...
  • #268,519
  • Jul 7, 2010 6:11pm Jul 7, 2010 6:11pm
Hi guys! Well, once again the higher TL of the chanell has been respected and we have a double top on 4H chart. Daily shows a perfect doji candlestick just below the 23.6% retracement level of the whole move down from 51xx @ 2646 and a little bit above it we have the resistance line coming from the same high. So, there's a los of confluence for a bear scenario. On the other hand, the bull correction has had pretty much strenght, but now it's facing a difficult bump on the way up looking for 38.2% retracement level of the whole move @ 3123.
IMHO what we need in order to see a huge move either way is a fundamental catalyst that gives more strenght to either market sentiment, and today the day is full of those news.
Keep alert, I think today is going to set the way for the upcoming weeks.
Hope it helps, good trading to all!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4h.jpg Size: 293 KB
Click to Enlarge Name: eu 4h'.jpg Size: 322 KB
  • #268,520
  • Edited 6:33pm Jul 7, 2010 6:15pm | Edited 6:33pm
Quoting gatorinla
google it.. but its down 40% in the last 30 days. that 40% is over last years depressed #s. in reality its at a 5 yr low. so less bulk like commodities is being shipped to china etc..
thats what i was sayin on another thread the other day, how big nations demand for oil is decreasing (ie US China, and esp europe cause their currency is being devalued) businesses in EU cant afford to export anymore, and thats all they had left! China stole it from them.......China asset bubble bout to burst, mainly in property values. They cant rise forever in the pace they are now, growth will have to slow. China jobs slow, transports dont need as much gas to take workers to work. US drivers arent driving nearly as much as they used to,cause no one has a job and gas is still freaking expensive, and we still have cars that get shitty gas mileage. Europe and America are just plain broke, all the private sector debt has been forced to a spillover effect in the public sector(citizens) due to goverments intervention.....only turmoil ahead. Australian housing bubble forming as well, its only a matter of time.

found these great charts showing bubbles
http://dshort.com/articles/2010/shap...t-bubbles.html
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