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  • #281,281
  • Aug 12, 2010 11:38pm Aug 12, 2010 11:38pm
The 8PM EST Bar that closes at Midnight EST managed to close above key support.

I have no faith in any long term up move, but we could see a retrace to 1.2910 the 23.6% Fib or 1.2990 the 38.2% Fib off the whole move down, if we manage to continue above the 200 SMA. Some well recieved data may fuel a run up to there over the next two trading days.

I remain Bearish while we are below the Kumo, and hold my entry sell stop at 1.2772.
Attached Image (click to enlarge)
Click to Enlarge Name: Closes Above 200 SMA at 12AM EST.png Size: 47 KB
  • #281,282
  • Aug 12, 2010 11:40pm Aug 12, 2010 11:40pm
Quoting dfptommyj
Im beginning to think if they ever going to let it fall down any more, this "come back" from recetion lows was very impulsive, and they keep saying in media all over that stocks are still very cheap...

what comeback?.....were worse now than we were before.
  • #281,283
  • Aug 12, 2010 11:42pm Aug 12, 2010 11:42pm
Quoting malcolmb14
and you really believe the media. I bought oil at 90 and am still waiting for 200 cause the media said that is where it is going ...lol

of course I did not buy oil... I am just joking.

The charts show us everything we need to know. follow the charts and we cannot go wrong.
oil was a big speculation back than backed up by middle east situation...
media have a lot of power... listen to this guy Cramer for instance, his audience is huge, u think they dont follow what he says each trading session, thats just a small example...
  • #281,284
  • Aug 12, 2010 11:44pm Aug 12, 2010 11:44pm
Quoting mfoste1
what comeback?.....were worse now than we were before.
this...
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Click to Enlarge Name: 2010-08-12-TOS_CHARTS.jpg Size: 180 KB
  • #281,285
  • Aug 12, 2010 11:44pm Aug 12, 2010 11:44pm
Quoting malcolmb14
1.3066 could be the end of our wave 4 ... not that i really know wtf i am talking about when it comes to ew...

we should see 1.3000 ish anyway then down to below 1.2770 for wave 5

Attachment
waiting for 2886.. to c if it brings us to 2992 + slippage. 2886 is indicated to me as a mid target. mids rarely are not reached. but i do have conflicting systems.. the other says we are already at the top. so im not gonna get burned and watch what develops. my ca is above 3281 with long term trades so i can wait and c before closing. our recent top (33339) was 5.9 pips away from 3340. an important # to me. not touching it made me more bearish. I figured retrace, but it may be the lower trend resumption. we got below 2828 today easily. it makes me bearish also. all that stands in the way is the monthly pp and some tl. if we go to 2992.5.. we will pass it in a slippage then bounce back below.. i will watch for direction there. I have a few bull and bear targets posted. its not to say we will go there. but if we are heading that way i will know who is controlling the move by the footsteps. bull or bear. if it is the bull all indications i have says it will be as fast as this move down or faster.
those who can, do. those who cant, talk about those who can
  • #281,286
  • Aug 12, 2010 11:44pm Aug 12, 2010 11:44pm
any ew traders out there that can comment ...

wave 1 down , wave 2 on daily retrace to 1,3020 to form right shoulder wave 3 down into 1.2200 or lower ?

or this could be an abc correction

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  • #281,287
  • Aug 12, 2010 11:52pm Aug 12, 2010 11:52pm
Quoting dfptommyj
oil was a big speculation back than backed up by middle east situation...
media have a lot of power... his audience is huge, u think they dont follow what he says each trading session, thats just a small example...
  • #281,288
  • Aug 12, 2010 11:53pm Aug 12, 2010 11:53pm
2881 here ... yesterdays point of control target 1 ,
2938 target 2 , yesterday upper value area
3000 prior support line that has not been tested

support 1.2820 below us ... sells under this level

looking for vsa footprint of professional money in the markets. This should point the way on both up and down moves.



Quoting gatorinla
waiting for 2886.. to c if it brings us to 2992 + slippage. 2886 is indicated to me as a mid target. mids rarely are not reached. but i do have conflicting systems.. the other says we are already at the top. so im not gonna get burned and watch what develops. my ca is above 3281 with long term trades so i can wait and c before closing. our recent top (33339) was 5.9 pips away from 3340. an important # to me. not touching it made me more bearish. I figured retrace, but it may be the lower trend resumption. we got below 2828 today easily. it makes...
Blogging daily now at www.volume.zone
  • #281,289
  • Aug 12, 2010 11:54pm Aug 12, 2010 11:54pm
Quoting mfoste1
what u dont think that average joe moves the market too, there are millions of them, remember this is capitalism
  • #281,290
  • Aug 12, 2010 11:59pm Aug 12, 2010 11:59pm
Quoting dfptommyj
what u dont think that average joe moves the market too, there are millions of them, remember this is capitalism

average joe doesnt move the market........market makers control the markets. Avg joe either rides with them or gets burned. The millions of Avg joe capital base put together isnt even comparable to the few market makers......
Attached Image
  • #281,291
  • Aug 12, 2010 11:59pm Aug 12, 2010 11:59pm
Quoting dfptommyj
what u dont think that average joe moves the market too, there are millions of them, remember this is capitalism

the market is manipulated all the time ... I know many do not believe this and wow how could it be blah blah blah

http://www.marketmanipulation.com/

i am a bog student of Tom Williams vsa principles .. read what this guy says he was once syndicate trader moving the market himself.
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  • #281,292
  • Aug 13, 2010 12:02am Aug 13, 2010 12:02am
Quoting mfoste1
average joe doesnt move the market........
ok than whos creating all the 401ks? fund managers out their own pockets, or they just using joes money?
  • #281,293
  • Aug 13, 2010 12:02am Aug 13, 2010 12:02am
Quoting malcolmb14
any ew traders out there that can comment ...

wave 1 down , wave 2 on daily retrace to 1,3020 to form right shoulder wave 3 down into 1.2200 or lower ?

or this could be an abc correction

Attachment
This guy is one of a few in the world that know ew...
Current marking.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-720-3.png Size: 32 KB
  • #281,294
  • Aug 13, 2010 12:04am Aug 13, 2010 12:04am
Quoting dfptommyj
ok than whos creating all the 401ks? fund managers out their own pockets, or they just using joes money?
whos buying homes realtors or average joe, whos using credit cards? banks or joe? who eats millions of bread loafs a day in your neighbourhood, baker himself or joe?
  • #281,295
  • Aug 13, 2010 12:05am Aug 13, 2010 12:05am
Quoting dfptommyj
ok than whos creating all the 401ks? fund managers out their own pockets, or they just using joes money?

they just use and loose joes money......when they loose joes money, joes grandchildren foot the bill.
  • #281,296
  • Aug 13, 2010 12:06am Aug 13, 2010 12:06am
Quoting malcolmb14
any ew traders out there that can comment ...

wave 1 down , wave 2 on daily retrace to 1,3020 to form right shoulder wave 3 down into 1.2200 or lower ?

or this could be an abc correction

Attachment
where can I get your MT4 indicators? Thanks
  • #281,297
  • Aug 13, 2010 12:06am Aug 13, 2010 12:06am
Quoting malcolmb14
the market is manipulated all the time ... I know many do not believe this and wow how could it be blah blah blah

http://www.marketmanipulation.com/

i am a bog student of Tom Williams vsa principles .. read what this guy says he was once syndicate trader moving the market himself.
I do belive it, it has to be so all the joes follow, thas what I said in the beginnig about the power of media
  • #281,298
  • Aug 13, 2010 12:08am Aug 13, 2010 12:08am
Quoting mfoste1
average joe doesnt move the market........market makers control the markets. Avg joe either rides with them or gets burned. The millions of Avg joe capital base put together isnt even comparable to the few market makers......
so u realy think that market makers get all the money from guys like Bernanke?
  • #281,299
  • Aug 13, 2010 12:08am Aug 13, 2010 12:08am
Quoting dfptommyj
whos buying homes realtors or average joe, whos using credit cards? banks or joe? who eats millions of bread loafs a day in your neighbourhood, baker himself or joe?
1) no one banks is millions of homes in inventory
2) average joe is of course and not paying them off this is why visa makes so much damn money , then Joe opens another one and another . Then joe is not buying a home instead he is evicted form his home and finds a box to live in
3) Joe used to buy bread but after losing his home due to excessive use of the credit card is now scavenging in bins looking for his next meal
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  • #281,300
  • Aug 13, 2010 12:11am Aug 13, 2010 12:11am
Quoting Scorpii
where can I get your MT4 indicators? Thanks
I think it is the supernova you like .... it is a simple ema cross I got from Magix ... pretty nice though

stay out when you get xs... non trending , in when you get arrows.



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