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  • #288,361
  • Sep 2, 2010 10:11pm Sep 2, 2010 10:11pm
Quoting Spsantos
Rarely a daily high is made in asian sessions. So statisticly, we have a low probability of breaking previous daily highs in asian sessions...

Hence the reason is low liquitidy, as (mostly) usual.
I think gator's asking why we haven't touched it yet.....not just this session....
  • #288,362
  • Sep 2, 2010 10:13pm Sep 2, 2010 10:13pm
Quoting Spsantos
Rarely a daily high is made in asian sessions. So statisticly, we have a low probability of breaking previous daily highs in asian sessions...

Hence the reason is low liquitidy, as (mostly) usual.
we had 2 complete days.
those who can, do. those who cant, talk about those who can
  • #288,363
  • Sep 2, 2010 10:13pm Sep 2, 2010 10:13pm
Quoting PriceVolume
I think gator's asking why we haven't touched it yet.....not just this session....
Ops!

I don't have a straight answer, but we could blame the nfp expectations for it...

EDIT: Daily and 4H show signs of consolidation, looks like we're in a spring coiling zone. I have no plan at the moment, just waiting to see the reaction to nfp.
Traders are smartasses
  • #288,364
  • Sep 2, 2010 10:15pm Sep 2, 2010 10:15pm
Quoting PriceVolume
I don't know. Perhaps because they didn't want to take on the resistance above without the volitility of NFP. Or, perhaps this is a headfake and 2158 holds, and they parked it here for the best possible price for a risk aversion play. I don't know.........

All I'm saying is that if NFP causes us to blow North, past 2158, we'll probably be dicking around for weeks before reality sets in and we turn South. I hate being in a spot like this on the chart during a high impact event......cuz all the levels go out the window.
im gonna bail too somewhere above.. but from 2594 too 2858 is just a flag w/o a pole.
those who can, do. those who cant, talk about those who can
  • #288,365
  • Sep 2, 2010 10:19pm Sep 2, 2010 10:19pm
Quoting gatorinla
im gonna bail too somewhere above.. but from 2594 too 2858 is just a flag w/o a pole.
You don't see from 2662 as a pole?
  • #288,366
  • Sep 2, 2010 10:24pm Sep 2, 2010 10:24pm
I should say "possible" pole, with air quotes and all. For right now it's bart....but NFP could change that.
  • #288,367
  • Sep 2, 2010 10:27pm Sep 2, 2010 10:27pm
Quoting Spsantos
Ops!

I don't have a straight answer, but we could blame the nfp expectations for it...

EDIT: Daily and 4H show signs of consolidation, looks like we're in a spring coiling zone. I have no plan at the moment, just waiting to see the reaction to nfp.
Agreed. My guess is NFP will decide at least the fate of the next two weeks, if not month, all by its lonesome.
  • #288,368
  • Sep 2, 2010 10:30pm Sep 2, 2010 10:30pm
i could be wrong. but its not pride. i could add chf was rejected at a major tl..
im not 100% sold short or long. i will close if wrong.
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those who can, do. those who cant, talk about those who can
  • #288,369
  • Sep 2, 2010 10:35pm Sep 2, 2010 10:35pm
Quoting gatorinla
i could be wrong. but its not pride. i could add chf was rejected at a major tl..
im not 100% sold short or long. i will close if wrong.
We both could be wrong....right there with you. I'd love nothing more than to see any attempts at 2858 rejected hard. And even if not, I don't think it's time to throw in the towel until Queasing II kicks in (if). But I do think that if 2858 gets taken out we'll be dicking around with confusion...knifefight PA.
  • #288,370
  • Sep 2, 2010 10:50pm Sep 2, 2010 10:50pm
Quoting PriceVolume
You don't see from 2662 as a pole?
got a pennant on the weekly if you stand in the right position .. 2871 is valid too.. but other bigger forces may stop it. anyway i see mostly smaller charts here usually.
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those who can, do. those who cant, talk about those who can
  • #288,371
  • Sep 2, 2010 10:58pm Sep 2, 2010 10:58pm
Hi gator dont see 2858 in your latest chart..
  • #288,372
  • Sep 2, 2010 11:04pm Sep 2, 2010 11:04pm
i'll wait for NFP 50pips
Always Learn,..
  • #288,373
  • Sep 2, 2010 11:13pm Sep 2, 2010 11:13pm
Quoting manojsai
Hi gator dont see 2858 in your latest chart..
draw a fib from 1.6038 to 1.1876
those who can, do. those who cant, talk about those who can
  • #288,374
  • Sep 2, 2010 11:42pm Sep 2, 2010 11:42pm
A couple things I’m noticing. Oh ya; “hi all;” been awhile; but I lurk daily.


On the daily; several weeks ago we hit 1.3332 which just so happened to be right around where the 200 ma on my chart was; then dropped. But PA still has not reached the 50% fib yet, I set from 1.5142 to 1.1875. Which, I think is unusual. Yet, the 200ma may have gotten in the way. Ya; I know, old news, but……it dropped and hung around the 23.6% for awhile and is now working it’s way back up. I suspect it probably will get back close to the 38.2% which will also then be touching the 200ma - again. From there it could go to the 50% or get rejected and head back down.

My standard stochastic on the daily is showing potentially fairly strong mojo for the upside. However, the 4 and 1hrs don’t. Yet, sometimes those tf’s with the stochs lie – hee, hee(notice the 4hr stoch back from 13-15 July). Yet, on the 1hr; PA has been crawling right on top of the 21ma. I’ve seen this often before, where PA does this and then all of a sudden something (usually fundy news) shoots it up more often than it dropping below the 21ma. So with all that gillimuguck crap I just spewed; I dunno, but my bias is up for now.

Seereye

p.s. sorry for no charts; but; you can figure it out easy enough -

p.s.s. I could be wrong and usually am
Pip what you see; See what you pip!
  • #288,375
  • Sep 2, 2010 11:49pm Sep 2, 2010 11:49pm
Quoting SeerEye
p.s.s. I could be wrong and usually am
you too?

The expectation is for a worsening unemployment # - rate drop to 9.6%. ADP number was off - actual was lower. Everybody is expecting bad news & a bounce up for the euro. What a nice setup for an ambush, no?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,376
  • Sep 2, 2010 11:54pm Sep 2, 2010 11:54pm
Quoting The Fool
What a nice setup for an ambush, no?
yup - used to trade NFP - now I sleep in on the first Friday of each month.
Pip what you see; See what you pip!
  • #288,377
  • Sep 3, 2010 12:02am Sep 3, 2010 12:02am
Quoting SeerEye
yup - used to trade NFP - now I sleep in on the first Friday of each month.
Sleep alone?
The Thief of Wall Street
  • #288,378
  • Sep 3, 2010 12:06am Sep 3, 2010 12:06am
Quoting Chicky
Sleep alone?
Mrs. Seer insures I don't.
Pip what you see; See what you pip!
  • #288,379
  • Sep 3, 2010 12:09am Sep 3, 2010 12:09am
Quoting Chicky
Sleep alone?
Chicky you horny old codger how are you doin?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,380
  • Sep 3, 2010 12:17am Sep 3, 2010 12:17am
Quoting The Fool
Chicky you horny old codger how are you doin?
I am wide awake, but my two fingers are still sleeping. No, not that one, middle one is ok.

Father, Is it sin sleepiing with ......? No, son. But the issue is, you young people do not sleep.
The Thief of Wall Street
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