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  • #299,841
  • Oct 3, 2010 12:04am Oct 3, 2010 12:04am
Quoting Buai
But looking at the UTL (and fib) that price is currently pressed up hard against, could it be that price was eager to get to where it is, and is now going to slow and pull back just a bit? It cant keep up that pace surely, why would it?

....I have missed a huge lesson I am about to learn, no doubt.
fibs and lines you draw on your charts don't mean diddly
"If The Fool persists in his Folly he will become wise." - William Blake
  • #299,842
  • Oct 3, 2010 12:05am Oct 3, 2010 12:05am
Quoting The Fool
fibs and lines you draw on your charts don't mean diddly

Why?
  • #299,843
  • Oct 3, 2010 2:25am Oct 3, 2010 2:25am
Quoting The Fool
fibs and lines you draw on your charts don't mean diddly
Here is another similar point of view...Do this guys fibs and TL's mean 'diddly' as well?
  • #299,844
  • Oct 3, 2010 2:35am Oct 3, 2010 2:35am
Quoting The Fool
fibs and lines you draw on your charts don't mean diddly
Of course they don't, from the perspective that anyone of enough size liquidity could come in and break any line or fib (but then again, on this level, no guarantee the market wouldn't just gobble that liquidity).

Of course they do, from the perspective of showing mass psychology, and providing probability defined risk/reward entry points into a trend or trend reversal.

Hi, The Fool
  • #299,845
  • Oct 3, 2010 2:50am Oct 3, 2010 2:50am
Quoting T@rantula
Hi Tarantula, I've been admiring your accurate analysis and reading your past posts until I came across your spider system. I tried using it and when I loaded your template, it shows on the experts tab that it's missing waddah_attar_explosion.ex4.. Also, most importantly, how do I determine what trades should I make and when? what's the general rule for making the decision? Thank you very much in advance.
  • #299,846
  • Oct 3, 2010 3:50am Oct 3, 2010 3:50am
Quoting The Fool
Given the late Friday PA I would expect a really strong move on Monday. BoJ remains a valid wild card though - although I'm not sure how much they might have to pile on to slow this train - maybe too much.
My main reservation is the price action from late Friday, the pattern looks set for a bullish continuation, but has gone up on low Friday night liquidity and if you look at the 4 hourly there are a number of price rejection spikes around that level, also price has held at or just below the key level.
  • #299,847
  • Oct 3, 2010 4:22am Oct 3, 2010 4:22am
http://seekingalpha.com/article/2280...?source%3Dfeed
  • #299,848
  • Oct 3, 2010 5:00am Oct 3, 2010 5:00am
Rough guesstimate, pull-back to 1.34 area from current levels, then a resumption of up-trend to the 1.45 area completing a standard 5 wave pattern.
  • #299,849
  • Edited 5:56am Oct 3, 2010 5:09am | Edited 5:56am
sorry for bombarding with charts and messy lines ....

a bit bored today .... but love all those trendlines and channels ...

sigh ! ..... wouldn't it be wonderful if the price follows and obeys all those supports and resistances to the dot ....

**** dreaming **** ....sigh !



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Re: 4HR Chart

can someone interpret the volume thingy on the chart .... very cyclical and neatly arranged ..... what's going on here .... ?



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  • #299,850
  • Oct 3, 2010 5:28am Oct 3, 2010 5:28am
***Anyone know the latest on the US State Department's European travel alert?***
  • #299,851
  • Oct 3, 2010 5:35am Oct 3, 2010 5:35am
Quoting TheArcher
sorry for bombarding with charts and messy lines ....

a bit bored today .... but love all those trendlines and channels ...

sigh ! ..... wouldn't it be wonderful if the price follows and obeys all those supports and resistances to the dot ....

**** dreaming **** ....sigh !



-------------------------

Re: 4HR Chart

can someone interpret the volume thingy on the chart .... very cyclical and neatly arranged ..... what's going on here .... ?



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Agree with you that prices often overshoot, but I would say that obvious confluence would only serve to increase significance.
  • #299,852
  • Oct 3, 2010 6:17am Oct 3, 2010 6:17am
Quoting FibbinArchie
My main reservation is the price action from late Friday, the pattern looks set for a bullish continuation, but has gone up on low Friday night liquidity and if you look at the 4 hourly there are a number of price rejection spikes around that level, also price has held at or just below the key level.
the EURO is poised to edge higher tomorrow (Tokyo) on the back of strong fundamentals & TREND: "sluggish" US recovery, QE II, stimulus talk, USD reserves diversification from Asian central banks, tightening spreads between peripheral sovereigns and BUNDS, China to the "rescue" over in Greece, and Irish pension funds proposing to invest in state bonds. HOWEVER, if 1.3830 holds then we're in for a small-medium size correction......
  • #299,853
  • Oct 3, 2010 10:10am Oct 3, 2010 10:10am
http://www.telegraph.co.uk/finance/f...t-survive.html
  • #299,854
  • Oct 3, 2010 11:00am Oct 3, 2010 11:00am
Quoting mfoste1
http://www.telegraph.co.uk/finance/f...t-survive.html
Below only my own view and i could b totally wrong but it's free forum
2008 was rehearsal crisis B ready for The Real one
Inserted Video
  • #299,855
  • Oct 3, 2010 11:06am Oct 3, 2010 11:06am
Quoting mfoste1
http://www.telegraph.co.uk/finance/f...t-survive.html
ok for sure now eu 2.000 and higher ...

whenever news says something going down it is always the opposite long term

I thought news said double dip was supposed to be happening .. can someone tell the stock market that ?
Blogging daily now at www.volume.zone
  • #299,856
  • Oct 3, 2010 11:10am Oct 3, 2010 11:10am
Quoting malcolmb14
ok for sure now eu 2.000 and higher ...

whenever news says something going down it is always the opposite long term

I thought news said double dip was supposed to be happening .. can someone tell the stock market that ?

lets see what happens in these next two weeks, they should set a LT direction.
  • #299,857
  • Oct 3, 2010 11:39am Oct 3, 2010 11:39am
Few charts only , still to wait some for my bais down to see perhaps .

TD sequential counts in lower tf , 3 or more H4 candles / 1 more M30 candle / 5 5m tf or more candles may initiate retracement down .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,858
  • Oct 3, 2010 12:00pm Oct 3, 2010 12:00pm
Quoting mfoste1
lets see what happens in these next two weeks, they should set a LT direction.



or the next few days
  • #299,859
  • Oct 3, 2010 12:57pm Oct 3, 2010 12:57pm
...
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  • #299,860
  • Oct 3, 2010 1:01pm Oct 3, 2010 1:01pm
Quoting malcolmb14
ok for sure now eu 2.000 and higher ...

whenever news says something going down it is always the opposite long term

I thought news said double dip was supposed to be happening .. can someone tell the stock market that ?
Don't worry, the market is doing what it's supposed to do.
See the VIX hanging in a sideway pattern while the S&P ramping up?
Investors see this.
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