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  • #290,961
  • Sep 10, 2010 4:30am Sep 10, 2010 4:30am
In a few comes sweet break upside.....high probability.

Will be a classic example how people accumulate loads of shorts and then some big money comes to kick some butt.

I would be really surprised if this wont happen. Looks like 15min tf setup.
They think they are smarter than I am.
  • #290,962
  • Sep 10, 2010 4:35am Sep 10, 2010 4:35am
Quoting Z3iz3i
In a few comes sweet break upside.....high probability.

Will be a classic example how people accumulate loads of shorts and then some big money comes to kick some butt.

I would be really surprised if this wont happen. Looks like 15min tf setup.
you must be joking yeh i hope so . its bad if you not
  • #290,963
  • Sep 10, 2010 4:37am Sep 10, 2010 4:37am
Quoting nawafasad1
you must be joking yeh i hope so . its bad if you not
Pretty far from joking....i might be wrong but i have played this before.

Of course bull might fail but setup is there.
They think they are smarter than I am.
  • #290,964
  • Sep 10, 2010 4:38am Sep 10, 2010 4:38am
Quoting forexings
German Push to Delay Basel Capital Rules Meets U.S. Opposition

Yesterday Fed bought $1.3B treasury and today got this news.
Seems EU and US direct fighting started.
Thanks for the info
  • #290,965
  • Edited 4:56am Sep 10, 2010 4:42am | Edited 4:56am
Quoting Z3iz3i
Pretty far from joking....i might be wrong but i have played this before.
got the same feeling... looks like the perfect setup..i'm long again with tight stop... keeping my eyes on oil..

*edit i'm out oil fails...
  • #290,966
  • Sep 10, 2010 5:01am Sep 10, 2010 5:01am
Quoting TudorJonesJR
got the same feeling... looks like the perfect setup..i'm long again with tight stop... keeping my eyes on oil..

*edit i'm out oil fails...
Could be 5min tf as well. It should not drop much more, hard to say where bulls want it.
They think they are smarter than I am.
  • #290,967
  • Sep 10, 2010 5:01am Sep 10, 2010 5:01am
Quoting TudorJonesJR
yep your right, i'am out also, oil is breaking higher atm(edit spoke to early, still struggling to proper break @ 75.92)
It dropped further but it is on low volume which potentially could be just a little pullback. All TF that I look at still look strong......other then the rounded top that is forming on the 3 and 5 min TF.....but the 15min and 60min TF still look like price should hold up around the .2720 area. Time will tell. Oil is pulling back from daily high but with not much authority.....China had good oil import data which should hold oil up....not much news coming out today.....just might take the rest of this Friday off.
I don't trust any move - when you have profit...take it.
  • #290,968
  • Sep 10, 2010 5:02am Sep 10, 2010 5:02am
it s easy to buy or sell any idiot could do that . but to buy into a res is not my type of trade to buy after 3 waves what could be corrective is not my type of trade to buy at 76.4 ret at ds1 zone well gl
  • #290,969
  • Sep 10, 2010 5:04am Sep 10, 2010 5:04am
not ds1 but dr1 1.275
  • #290,970
  • Sep 10, 2010 5:12am Sep 10, 2010 5:12am
Quoting nawafasad1
it s easy to buy or sell any idiot could do that . but to buy into a res is not my type of trade to buy after 3 waves what could be corrective is not my type of trade to buy at 76.4 ret at ds1 zone well gl
Even a broken clock is right twice a day.
  • #290,971
  • Sep 10, 2010 5:14am Sep 10, 2010 5:14am
Quoting harvest3r
My question is: how should I understand this data? For instance, I see that the volume gets higher on the uptrends. Should I understand the uptrends as rallies and expect a slow and "natural" downtrend afterwards?
I recommend you look here:

http://www.forexfactory.com/showthread.php?t=157629

http://www.forexfactory.com/showthread.php?t=241760
"If The Fool persists in his Folly he will become wise." - William Blake
  • #290,972
  • Sep 10, 2010 5:16am Sep 10, 2010 5:16am
w.o new high 2650 target # 1 (27459)
those who can, do. those who cant, talk about those who can
  • #290,973
  • Sep 10, 2010 5:18am Sep 10, 2010 5:18am
Quoting Z3iz3i
In a few comes sweet break upside.....high probability.

Will be a classic example how people accumulate loads of shorts and then some big money comes to kick some butt.

I would be really surprised if this wont happen. Looks like 15min tf setup.
.2750 was gonna be a mofo to break. It might take NY and London working together. Or she might just slide <.2700. I'm looking for big hands & they're out to lunch...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #290,974
  • Sep 10, 2010 5:20am Sep 10, 2010 5:20am
what makes volume at certain levels? watch levels where volume spikes. what came first, the volume or the level?
those who can, do. those who cant, talk about those who can
  • #290,975
  • Sep 10, 2010 5:21am Sep 10, 2010 5:21am
Well, maybe wait game.

Anyway my point is that,

there is divergence with position accumulation/distribution and with money flow compared to price. That kind of divergence which makes a difference and its not downside

Btw, there is no really an interest to go down either...
They think they are smarter than I am.
  • #290,976
  • Sep 10, 2010 5:21am Sep 10, 2010 5:21am
Nice spike down on OIL....watch Euro for a break lower.
I don't trust any move - when you have profit...take it.
  • #290,977
  • Sep 10, 2010 5:26am Sep 10, 2010 5:26am
Quoting Sifufx
Even a broken clock is right twice a day.
a broken clock is never right on time why keep a broken one if you want to know the time . its deeeeeeeeeeeeeeeep man
  • #290,978
  • Sep 10, 2010 5:30am Sep 10, 2010 5:30am
Quoting Faller
Nice spike down on OIL....watch Euro for a break lower.
Where are you watching crude, Faller? Futures? Where can a guy see realtime spot crude?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #290,979
  • Sep 10, 2010 5:30am Sep 10, 2010 5:30am
Quoting The Fool
I recommend you look here:

http://www.forexfactory.com/showthread.php?t=157629

http://www.forexfactory.com/showthread.php?t=241760
I know Malcolm is a VSA whizz kid, but I wasn't aware of the Shamus thread which has a beautiful introduction into VSA with resources, indicators and templates. I suppose I did not look hard enough.

Thanks
  • #290,980
  • Sep 10, 2010 5:30am Sep 10, 2010 5:30am
Getting strong on going long I think retracements will work as a key in this tren. I'll keep my tp tight and low leverage on each trade. But trading on Fridays and Mondays is not my style.

Till tuesday!!

Happy pips to all
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