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  • #277,161
  • Aug 2, 2010 2:03pm Aug 2, 2010 2:03pm
Quoting sisse
That fib 38.2 from all the move.....
Like how you draw your S/R lines off the low close or high close rather than the low or high itself.
  • #277,162
  • Aug 2, 2010 2:08pm Aug 2, 2010 2:08pm
Quoting Jay Walker
Another Pfenning reader I see

Chuck Butler is awesome.
heck yeah, i like him. an older cat here in the town I live in turned me on to him. I usually always at least read the Pfenning.
  • #277,163
  • Aug 2, 2010 2:11pm Aug 2, 2010 2:11pm
Quoting uraceulose
heck yeah, i like him. an older cat here in the town I live in turned me on to him. I usually always at least read the Pfenning.
Xaron turned me on to him and been a loyal reader ever since.

Even if I'm on vacation, I'll read the pfenning.
Not all sins are created equal
  • #277,164
  • Edited 2:45pm Aug 2, 2010 2:29pm | Edited 2:45pm
Ok perhaps today & to ready for next day before the go . If this new resistance 3214 will be respected of 5th wave extension to have a overshhot H1 tf mm to 3366 respecting the old corresponding gu 1.6276 ( already broke up daily resistance there ) , usdx at 79.5 ? wait to see next day perhaps .for the first targetting mentally as per previous views the red circle of 4 for next can be 3000? possible. God what is what . still sticky to first !!
the spider web & most clumsy chart for today below .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #277,165
  • Aug 2, 2010 2:37pm Aug 2, 2010 2:37pm
Thanks. Actually that was a nice tip from a fellow trader that I think is still around FF.

Others may find this link useful.

http://www.gourmetrader.com/collecti...and-trendlines

sisse
Quoting SunTrader
Like how you draw your S/R lines off the low close or high close rather than the low or high itself.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #277,166
  • Aug 2, 2010 2:53pm Aug 2, 2010 2:53pm
The market does not want to give me my profit. We either bounce here for new high or we fall into my TP area. and this is after I took a 3 hour break.
  • #277,167
  • Aug 2, 2010 3:00pm Aug 2, 2010 3:00pm
Quoting Atlast
The market does not want to give me my profit. We either bounce here for new high or we fall into my TP area. and this is after I took a 3 hour break.
It's hanging on Support and refuse to go under it
If it stay like that on Asia i suggest to close it that my view but of course decision is yours.

Next R on up Almost 1.3275

GL
Catch u tomorrow @ US session when back from my work :-)
  • #277,168
  • Aug 2, 2010 3:05pm Aug 2, 2010 3:05pm
Quoting egkid
It's hanging on Support and refuse to go under it
If it stay like that on Asia i suggest to close it that my view but of course decision is yours.

Next R on up Almost 1.3275

GL
Catch u tomorrow @ US session when back from my work :-)
  • #277,169
  • Aug 2, 2010 3:17pm Aug 2, 2010 3:17pm
Quoting sisse
Thanks. Actually that was a nice tip from a fellow trader that ....... sisse
Thom Hartle, formerly editor of TASC Magazine goes beyond that. Don't have a link but thing he says is the close of the pivot bar in relation to the bar following determines where the zone begins.

For instance on a swing pivot low if the close (of pivot bar) is lower than following higher low then support is from that close to its low, if the close is higher than following higher low than that following higher low down to low of pivot bar is the zone. Vice versa for swing pivot high.

Since forex is a continuous market most bars excluding the rare Sunday gap have the same or pretty close to the same open/close so it wouldn't affect S/R zones using this technique but others markets it works well.
  • #277,170
  • Aug 2, 2010 4:36pm Aug 2, 2010 4:36pm
You make me look back to basics. It makes a lot of sense "the close of the pivot bar in relation to the bar following determines where the zone begins.

Thanks for the feedback

sisse

Quoting SunTrader
Thom Hartle, formerly editor of TASC Magazine goes beyond that. Don't have a link but thing he says is the close of the pivot bar in relation to the bar following determines where the zone begins.

For instance on a swing pivot low if the close (of pivot bar) is lower than following higher low then support is from that close to its low, if the close is higher than following higher low than that following higher low down to low of pivot bar is the zone. Vice versa for swing pivot high.

Since forex is a continuous market most bars excluding the...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #277,171
  • Aug 2, 2010 4:42pm Aug 2, 2010 4:42pm
Quoting fontu
Ok perhaps today & to ready for next day before the go . If this new resistance 3214 will be respected of 5th wave extension to have a overshhot H1 tf mm to 3366 respecting the old corresponding gu 1.6276 ( already broke up daily resistance there ) , usdx at 79.5 ? wait to see next day perhaps .for the first targetting mentally as per previous views the red circle of 4 for next can be 3000? possible. God what is what . still sticky to first !!
the spider web & most clumsy chart for today below .
fontu

Wouldn't you say that is just a spike?
I see 1.333x as resistance before 1.4000

xoxo
  • #277,172
  • Aug 2, 2010 5:34pm Aug 2, 2010 5:34pm
Hope the green pippies are with you and current PA have reach the target high and possible leg up to13220 if 13190 is taken out. No stalling sign yet.
Retracement trigger @13115. Will have to wait to see depth of PA if and when this level is breached to determine if its a retracement or a deeper correction.

GL and cheers........
  • #277,173
  • Aug 2, 2010 7:59pm Aug 2, 2010 7:59pm
Quoting 99vt66
Hope the green pippies are with you and current PA have reach the target high and possible leg up to13220 if 13190 is taken out. No stalling sign yet.
Retracement trigger @13115. Will have to wait to see depth of PA if and when this level is breached to determine if its a retracement or a deeper correction.

GL and cheers........
What is retracement trigger?
  • #277,174
  • Aug 2, 2010 9:48pm Aug 2, 2010 9:48pm
Looks to be retracing to complete wave 4 on 1H basis - either 1.3150-1.3144 area or 1.3126-1.3110

Anything lower and my count is shot.
  • #277,175
  • Aug 2, 2010 9:59pm Aug 2, 2010 9:59pm
interesting point of view that sean lee over at forex live found from a guy that analyzes astrological cycles and puts them into market perspective. I dont follow any of that and would never base a trade on it, just a fresh though.....enjoy

http://www.forexlive.com/122953/all/...hnical-circles

heres the pdf from the guys site

http://www.crawfordperspectives.com/...0Jul06_000.pdf
  • #277,176
  • Aug 2, 2010 10:04pm Aug 2, 2010 10:04pm
http://finance.yahoo.com/career-work...eer-leadership

  • #277,177
  • Aug 2, 2010 10:06pm Aug 2, 2010 10:06pm
cool links, thx
  • #277,178
  • Aug 2, 2010 10:10pm Aug 2, 2010 10:10pm
Tell your children to look away right now.

Today, I'm showing you a picture of my cans.

http://encounters.typepad.com/photos...ralia/cans.jpg
Not all sins are created equal
  • #277,179
  • Edited 10:39pm Aug 2, 2010 10:15pm | Edited 10:39pm
I just like two big 100 gals..
  • #277,180
  • Aug 2, 2010 10:19pm Aug 2, 2010 10:19pm
Quoting uraceulose
I just like two big 100 gals..

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There's more plastic in her boobs than in the bin.
Not all sins are created equal
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