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  • #286,241
  • Aug 26, 2010 6:53am Aug 26, 2010 6:53am
hopefully just the two of us and all the big sharks too!

LOL

Quoting gatorinla
we just watch the bear flag under construction
dreams do come true.
  • #286,242
  • Aug 26, 2010 6:58am Aug 26, 2010 6:58am
Quoting wannaberich
hopefully just the two of us and all the big sharks too!

LOL
I'll be out of the way at 66
Look Sharp/Trade Tight
  • #286,243
  • Aug 26, 2010 6:59am Aug 26, 2010 6:59am
Quoting Z3iz3i
If bull can not bounce here now its bye bye....
In recent action, the only thing I see that is bullish are 3 wicks but they were not followed by any rise in price. They were followed by a bearish wick and the price promptly fell.

This could just be pre-news action and could reverse after the news, although in this case everyone probably already knows that the unemployment numbers will most likely be dismal again. The thing is that in the case of US news lately, whether the news is good or bad the USD strengthens.
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  • #286,244
  • Aug 26, 2010 7:01am Aug 26, 2010 7:01am
Quoting Larseg
Hello sharks and fish,

Found a great indicator, I use it for entry (specificity).

Its just the real heiken ashi so its easier to backtest as the norma H.Ashi is in the way providing a tail as we trend...
I have used that indie also. According to my experience the best setup is @ H4 TF
  • #286,245
  • Aug 26, 2010 7:02am Aug 26, 2010 7:02am
very difficult trading conditions.
  • #286,246
  • Aug 26, 2010 7:02am Aug 26, 2010 7:02am
worst day of the week. waste of time.
  • #286,247
  • Aug 26, 2010 7:04am Aug 26, 2010 7:04am
These are the two confluince points i found.
If any of them is hit, I suggest a short with a small SL.
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  • #286,248
  • Aug 26, 2010 7:06am Aug 26, 2010 7:06am
would like to see stop there before the news so that i have my 4 recently entered positions 50 pip away at be plus some.

also 50 (monthly pivot) might be a big number. but that what news are here for LOL

Quoting PayTheLimit
I'll be out of the way at 66
dreams do come true.
  • #286,249
  • Aug 26, 2010 7:07am Aug 26, 2010 7:07am
best day...

Quoting DrLobo
worst day of the week. waste of time.
dreams do come true.
  • #286,250
  • Aug 26, 2010 7:07am Aug 26, 2010 7:07am
Quoting wannaberich
would like to see stop there before the news so that i have my 4 recently entered positions 50 pip away at be plus some.

also 50 (monthly pivot) might be a big number. but that what news are here for LOL
I'll pay 76 now...
Look Sharp/Trade Tight
  • #286,251
  • Aug 26, 2010 7:08am Aug 26, 2010 7:08am
nice chart but why short and not long ?

Quoting longshot_nl
These are the two confluince points i found.
If any of them is hit, I suggest a short with a small SL.
  • #286,252
  • Aug 26, 2010 7:09am Aug 26, 2010 7:09am
anyone been profitable trading last 2 days.
  • #286,253
  • Aug 26, 2010 7:09am Aug 26, 2010 7:09am
Quoting KennyZ
Yes, that would partially solve US trade deficit and many other things for US people but not for big companies doing business over there. Is the reason for not doing it that Global companies cheap labor pool and local market access? Perhaps we may also add to the reasoning those piles of US$ and US debt they are holding..
who gives a shit about crap we sell overseas. we could sell it internally. a system that lasted over a hundred of years. a system that made us the strongest country in the world. we would still have exports with quality products. we spend trillions so we can sell billions overseas. we give away our security by not making stuff here. in the time of war you want working factories. you don't want to build them or a unskilled skilled work force in the time of war. you want it already online. that crap is a big myth.. we just are subsidizing wallmart and china's cheap crap at the expense of our workforce and national security. we built our competition and rewarded them and now they compete with us. you dont remain strong by helping your competition. there would be no trade deficit if we used our heads. then we would not have a unemployment problem.
those who can, do. those who cant, talk about those who can
  • #286,254
  • Aug 26, 2010 7:09am Aug 26, 2010 7:09am
and if those points hit i would say it confirms the uptrend.
Short would be against the trend.

Quoting DrLobo
nice chart but why short and not long ?
  • #286,255
  • Aug 26, 2010 7:12am Aug 26, 2010 7:12am
Quoting Atlast
very difficult trading conditions.
I agree, very difficult to trade on any TF atm. Im still keeping my longs from morning EU session. My outlook has been bullish for 2day, and unemployment news will confirm intraday trending or retrace breakout...

My indies are chopping atm although slightly bullish
  • #286,256
  • Aug 26, 2010 7:12am Aug 26, 2010 7:12am
just because i didn't follow my plan and got carried away by the noise...

Quoting Atlast
anyone been profitable trading last 2 days.
dreams do come true.
  • #286,257
  • Aug 26, 2010 7:13am Aug 26, 2010 7:13am
Quoting DrLobo
nice chart but why short and not long ?
Confluince points work as magnets and also as big resistance.
But can break too, if broken you don't want to stand in its way.
So a tight SL.
But i am still bearish.
And i think tomorow will start a big down move after this point is hit.
So great risk reward.
  • #286,258
  • Aug 26, 2010 7:17am Aug 26, 2010 7:17am
any chance we will touch the DP today ?
  • #286,259
  • Aug 26, 2010 7:21am Aug 26, 2010 7:21am
Looking if this works news on the way...........
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  • #286,260
  • Aug 26, 2010 7:24am Aug 26, 2010 7:24am
Quoting T@rantula
I agree, very difficult to trade on any TF atm. Im still keeping my longs from morning EU session. My outlook has been bullish for 2day, and unemployment news will confirm intraday trending or retrace breakout...

My indies are chopping atm although slightly bullish
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