Dislikedi am a seller at 1.2760s. ...
32.8 fib retracement, 1st retracment of 4h trendIgnored
that was a very lucky entry !!! moving stop loss to -0- and holding down for good .....
Buy low , Sell high
- #290,208
- Sep 8, 2010 10:56am Sep 8, 2010 10:56am
- | Joined Jul 2009 | Status: yo | 3,577 Posts
gu and gj at its top of the range. now that all longs are closed it would make things very much easier if this was a retrace before a further move. usdcad could go retest that tl again. this does not seem all that unexpected. it could take much longer before EU breaks this 2670/80 level. if at all.
- #290,211
- Sep 8, 2010 11:11am Sep 8, 2010 11:11am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #290,214
- Sep 8, 2010 11:27am Sep 8, 2010 11:27am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #290,215
- Sep 8, 2010 11:31am Sep 8, 2010 11:31am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #290,216
- Sep 8, 2010 11:31am Sep 8, 2010 11:31am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #290,217
- Sep 8, 2010 11:39am Sep 8, 2010 11:39am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I repectfully remind you that you were making the same calls prior to the Euro plunging into full-blown capitulation to 1.18. I would suggest you question where the volume is coming from and for what purpose. Ever see Weekend at Bernies? I could be wrong. You could be wrong. We've both been wrong before. This rally is riding on the coat tails of (1) the NEED for a retracement after such a move yesterday and (2) a successful bond sale for which ECB did the buying. Dow is starting to look toppy.....might kiss 10,500 one...
may but for now as mentioned I saw a load of buying at 1.2700 ... I took the long 1,2680 and have locked in some profit
es 1125 is resistance right now , so looking for a daily close above 1100 today (we have beige book later) and 1100 is also a resistance level on chart
dj 10451 is the 200 day moving average and as you said could fail here. I have a really hard time buying calls on stocks and am much happier buying puts for sure , but sometimes we cannot ignore the charts as in the low vol test we saw on CAT last week at 65 ( now 71,26 and close to 52 weeks high)
for today I took a long on ES and YM due to the ultra low volume upo day yesterday on the dxd, (ultra short dj etf)
eu ..lets see on a chart ..we seem to be bouncing around in the 2700 to 2900 channel with s/r lines as shown on the attached drawing , till we break this channel / zone both bulls and bears win and both side of chart are very playable.
I know gu did form what is called stopping volume on the futures yesterday , hence my long for last 12 hours since asia and later today I will do some vsa analysis on the 6E daily chart and see where we are at
Blogging daily now at www.volume.zone
- #290,218
- Sep 8, 2010 11:45am Sep 8, 2010 11:45am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #290,219
- Sep 8, 2010 11:49am Sep 8, 2010 11:49am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Don't think any brick wall at 2740 after broke ( if hold) 2732, may be some at 2752 & 72 before if any brick wall should be 2916.
now looking h1 candle close over 2772 if possible & if all hammars already used up .
fontu
hulls moving av 60 min green
rsx green
may move up to the bunch of high volume pivots above us at 1.2800 to 12830 , that is my target 1 for taking off half profit
Blogging daily now at www.volume.zone
- #290,220
- Sep 8, 2010 11:53am Sep 8, 2010 11:53am
Don't think any brick wall at 2740 after broke ( if hold) 2732, may be some at 2752 & 72 before if any brick wall should be 2916.
now looking h1 candle close over 2772 if possible & if all hammars already used up .
fontu
