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Price is everything

  • #701
  • Aug 12, 2010 12:07pm Aug 12, 2010 12:07pm
Hey Red great job. You should be happy about that trade. Dropped down nicely today. Let's talk about getting down to reverse if we could. I see the 50% ret of the hammer hitting around 0300. There is also a weekly PP there. This isn't so much supply and demand talk but do you think about it stopping at that level and heading back up?
  • #702
  • Aug 12, 2010 12:12pm Aug 12, 2010 12:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: nok entry.jpg Size: 68 KB
  • #703
  • Aug 12, 2010 12:13pm Aug 12, 2010 12:13pm
Quoting josh44
hey red great job. You should be happy about that trade. Dropped down nicely today. Let's talk about getting down to reverse if we could. I see the 50% ret of the hammer hitting around 0300. There is also a weekly pp there. This isn't so much supply and demand talk but do you think about it stopping at that level and heading back up?
short went well - out now

looking for long loony - check 15min cluster on left
  • #704
  • Aug 12, 2010 12:35pm Aug 12, 2010 12:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: uj tech.jpg Size: 86 KB



considering a short here
  • #705
  • Aug 12, 2010 1:11pm Aug 12, 2010 1:11pm
Attached Image (click to enlarge)
Click to Enlarge Name: loony.jpg Size: 110 KB



Its capped above and below - kind of tight - can be sclaped either way

Also horizontal resistaane there too- will be a bit choppy




Red
  • #706
  • Aug 12, 2010 1:27pm Aug 12, 2010 1:27pm
cadjpy 15min developing hs
  • #707
  • Aug 12, 2010 1:35pm Aug 12, 2010 1:35pm
I have this S/R line right on my chart at 85.91. It seems to have stalled there for now. I made money on a long from 84.95. I moved the rest of it to BE. I am still bullish on this because of the positive div on daily and weekly. I think the monthly has it as well. Usually it will run 300-500 pips when it happens on the big charts. I could be wrong but because of that I am hesitant to go against. I love daily and weekly div. So there is still this bearish channel and it is nearing the top where you talked about resistance. That could be the breaking point. We shall see my friend.
  • #708
  • Aug 12, 2010 1:39pm Aug 12, 2010 1:39pm
loony and cadjpy are inverted pairs - if loony tops out around this daily level for a wave south - cadjpy goes north as you have suggested
  • #709
  • Aug 12, 2010 1:45pm Aug 12, 2010 1:45pm
Quoting Josh44
I have this S/R line right on my chart at 85.91. It seems to have stalled there for now. I made money on a long from 84.95. I moved the rest of it to BE. I am still bullish on this because of the positive div on daily and weekly. I think the monthly has it as well. Usually it will run 300-500 pips when it happens on the big charts. I could be wrong but because of that I am hesitant to go against. I love daily and weekly div. So there is still this bearish channel and it is nearing the top where you talked about resistance. That could be the breaking...


Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 85 KB






correlation - if uj breaks north, it will take cadjpy north too and loony drops
  • #710
  • Aug 12, 2010 1:53pm Aug 12, 2010 1:53pm
Quoting redsword11
Attachment


Attached Image (click to enlarge)
Click to Enlarge Name: nok entry.jpg Size: 70 KB





closed most of this - man its a clusterfcuk on the left
  • #711
  • Aug 12, 2010 2:14pm Aug 12, 2010 2:14pm
Great read on the NOK Red. That one is volatile. I will trade those as long as I lower my margin on it. Good job.
  • #712
  • Aug 12, 2010 2:17pm Aug 12, 2010 2:17pm
Quoting Josh44
Great read on the NOK Red. That one is volatile. I will trade those as long as I lower my margin on it. Good job.

If you manage to ever catch this thing on a trend change - its just the best pair ever


Just doesn't slow down, high momentum and follows the dx very closely. Actually dx has a bearish H&S on 30 min - right shoulder has just completed now .............
  • #713
  • Aug 12, 2010 2:25pm Aug 12, 2010 2:25pm
Would appreciate help with charting and levels etc on the NOK - if we catch this it will really make a difference to our accounts


So - lets work togther - RED ARMY


Attached Image







.......... and when this NOK goes - it goes







  • #714
  • Aug 12, 2010 2:32pm Aug 12, 2010 2:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 60 KB



Could be either - the pole could be the head and the flag the right shoulder - not sure what it will do
  • #715
  • Aug 12, 2010 3:12pm Aug 12, 2010 3:12pm
Quoting redsword11
Attachment



not a big fan of this pair, however - cable at demand and swissy at supply levels - makes sense but do your RR


Attached Image (click to enlarge)
Click to Enlarge Name: gc.jpg Size: 83 KB




Long anyone? Any thoughts?



Red
  • #716
  • Aug 12, 2010 3:49pm Aug 12, 2010 3:49pm
Quoting redsword11
cadjpy 15min developing hs

Attached Image (click to enlarge)
Click to Enlarge Name: cj.jpg Size: 84 KB
  • #717
  • Aug 12, 2010 3:53pm Aug 12, 2010 3:53pm
Quoting redsword11
Attachment



Long anyone? Any thoughts?



Red
Long possible although, wouldn't bet much more than 1.6568 area.
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  • #718
  • Aug 12, 2010 3:54pm Aug 12, 2010 3:54pm
Quoting redsword11
Attachment



Long anyone? Any thoughts?



Red
This could be taken long with a stop below the pb. Nice pb in fact right at the weekly PP and it touched the 50 fib. I will play this closer to the tip of the pb and give myself a tight stop. If it hits I will be happy.
  • #719
  • Aug 12, 2010 4:06pm Aug 12, 2010 4:06pm
Quoting litxus82
Long possible although, wouldn't bet much more than 1.6568 area.


Yes - could be a short @ 1.6568 too


take a long lower and then a short there if prices react bearish, its a plan ..............
  • #720
  • Aug 12, 2010 4:16pm Aug 12, 2010 4:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: ex.jpg Size: 147 KB



Dx is at a subjective supply on daily and 4hr - market may correct


Both are at critical levels
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