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  • #272,921
  • Jul 19, 2010 9:26am Jul 19, 2010 9:26am
Quoting Masrim
Dow jones with a very mixed start. Seems to be unable to make up its mind, but I think the direction is down.
Second guessing . Made me miss a nice short scalp... oh well the trend is young
  • #272,922
  • Jul 19, 2010 9:36am Jul 19, 2010 9:36am
Quoting Masrim
Second guessing . Made me miss a nice short scalp... oh well the trend is young
and now it's going up - the dow ends in green today
Pecunia non olet
  • #272,923
  • Jul 19, 2010 9:38am Jul 19, 2010 9:38am
Quoting Masrim
Hah indeed a directionless session so far. Just look at the movement, reversing direction both ways I'm on the sidelines for today, probably wont be trading this session.
DOW just gave back all of its gains, right at this potential dbl top.
  • #272,924
  • Jul 19, 2010 9:41am Jul 19, 2010 9:41am
Quoting Masrim
The Dow is sinking in excitement


DOW just gave back all of its gains, right at this potential dbl top.
  • #272,925
  • Jul 19, 2010 9:41am Jul 19, 2010 9:41am
Looking at a support level around/slightly above 2960.
  • #272,926
  • Jul 19, 2010 9:42am Jul 19, 2010 9:42am
Quoting tjc1020
(Reuters) - Moody's cut Ireland's credit rating on Monday, warning the country faces a slow climb out of recession as the cost of a rescue of its banking sector mounts.
The one-notch downgrade to Aa2, which came a day ahead of a scheduled sale of up to 1.5 billion euros of Irish debt, put Moody's on par with rival agency Standard and Poor's AA rating and still one notch above Fitch.
Moody's also changed its outlook to stable from negative.
The downgrade, which a minister said provided no surprises but which weakened the euro versus the dollar and...

Mate, thanks for sharing. Next time, it would help if you could space out the paragraphs. Old geezers like me have trouble reading otherwise
Not all sins are created equal
  • #272,927
  • Jul 19, 2010 9:53am Jul 19, 2010 9:53am
Never made it to 2990 but we will take it. Bailed out. Somehow I just knew it would have to test that level again. Loaded a huge short at 1.2880 with stop above the high +25 + spread looking at 1.2885 and then 1.2814.

Jim

Quoting Nene
I am liking the Double Top Idea because the 1 hr UTL has held and there is a reversal pattern in the form of a funky looking Morning Star, but it does qualify as a Morning Sta.
  • #272,928
  • Jul 19, 2010 9:55am Jul 19, 2010 9:55am
Let's see who can win:
Attached Image (click to enlarge)
Click to Enlarge Name: aa.gif Size: 14 KB
You cannot learn better without losing
  • #272,929
  • Jul 19, 2010 9:59am Jul 19, 2010 9:59am
Quoting Jay Walker
Looking at his popularity, that's about the only way he can win his next election.
But it also depends on who runs against him. Sarah Palin wouldn't even win Alaska.
  • #272,930
  • Jul 19, 2010 10:00am Jul 19, 2010 10:00am
Good afternoon traders.
Long positions favoured.
  • #272,931
  • Jul 19, 2010 10:01am Jul 19, 2010 10:01am
So far today price has been contained by R1 (to the pip) and S1 favoring the high side.
  • #272,932
  • Edited 12:43pm Jul 19, 2010 10:02am | Edited 12:43pm
I wonder if someone is trading a meta trader trend indicator such as the attached Demark Trendline indicator or similar Trend indicators.

If so, appreciate if the trading system, indicators, rules template files is shared here.

Thanks

TF
Attached File(s)
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 251 downloads
  • #272,933
  • Jul 19, 2010 10:03am Jul 19, 2010 10:03am
Quoting Atlast
Good afternoon traders.
Long positions favoured.
i wish long favored now PA is damn Bullshit today GU was good..but its still BS but its smelling that it will hit up before go down but when it will hit up its a questions...since past 6-7 hours playing in same range

Ub
  • #272,934
  • Jul 19, 2010 10:04am Jul 19, 2010 10:04am
Gold continues to sink 1178.
  • #272,935
  • Jul 19, 2010 10:05am Jul 19, 2010 10:05am
Quoting SunTrader
But it also depends on who runs against him. Sarah Palin wouldn't even win Alaska.
True. I don't think Palin, as popular as she is with some, has a chance of winning the presidency.

Would it be too soon to dust off Jeb for the job? Or will the GOP consider Scott Brown?

Too early to tell.
Not all sins are created equal
  • #272,936
  • Jul 19, 2010 10:09am Jul 19, 2010 10:09am
Quoting Nene
Never made it to 2990 but we will take it. Bailed out. Somehow I just knew it would have to test that level again. Loaded a huge short at 1.2880 with stop above the high +25 + spread looking at 1.2885 and then 1.2814.

Jim
can you please share your chart? Thanks
  • #272,937
  • Jul 19, 2010 10:17am Jul 19, 2010 10:17am
Quoting Redeemed1
Gold continues to sink 1178.
Im buyin at 1126
  • #272,938
  • Jul 19, 2010 10:20am Jul 19, 2010 10:20am
Quoting Jay Walker
Mate, thanks for sharing. Next time, it would help if you could space out the paragraphs. Old geezers like me have trouble reading otherwise
Sorry Jay just did a cut & paste, will do that next time. I don't post much, mostly just read and reap the rewards of all the experience and education you folks give.
  • #272,939
  • Jul 19, 2010 10:24am Jul 19, 2010 10:24am
Quoting wm-eu
and now it's going up - the dow ends in green today
the dow is back in the green zone :-D
Pecunia non olet
  • #272,940
  • Jul 19, 2010 10:28am Jul 19, 2010 10:28am
Quoting Venice
Looking at a support level around/slightly above 2960.
Nicely done. Support held and gave way for a few brief moments, denied and showing it on the 5M with tails on the candles. Consolidation period here then we pick a direction again.... possible retest of 2960 again.
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