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  • #308,621
  • Oct 18, 2010 7:21am Oct 18, 2010 7:21am
Up and testing the 23 fib at 1.3908 again.
Dollar index testing it`s recently formed bottom also. Could see some movement now.
  • #308,622
  • Oct 18, 2010 7:21am Oct 18, 2010 7:21am
Quoting DMA Trader
i think it's more a range now. look on 1H too.

uptrend on
confirmation when price above 1.392
yep thats area where the stops are.EU broke the sideways to the upwards on m15 TF and I will trade the breakout only in the direction of the trend.
  • #308,623
  • Oct 18, 2010 7:23am Oct 18, 2010 7:23am
Quoting T@rantula
yep thats area where the stops are.EU broke the sideways to the upwards on m15 TF and I will trade the breakout only in the direction of the trend.
yup

my level to watch is 1.396
but this PA is the first bullish action since Friday.
so. let's see
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,624
  • Oct 18, 2010 7:25am Oct 18, 2010 7:25am
Strong 15m bull candle forming ATM. Close above 1.3920 needed to continue.

If it fails at this level again. A lower low could be in the cards.
Today's zone = Tomorrow's opportunity!
  • #308,625
  • Oct 18, 2010 7:27am Oct 18, 2010 7:27am
let's try again...
  • #308,626
  • Oct 18, 2010 7:28am Oct 18, 2010 7:28am
spike up may be to 395 to 397 and then down to 1.3780?
  • #308,627
  • Oct 18, 2010 7:29am Oct 18, 2010 7:29am
USDx touched fib line for the 2. time.

This pair touchin the trendline ( I posted chart a few posts back)

If this holds,a bear flag could be forming on 4h. I will not be bullish unless that trendline breaks. Holding up well so far.
  • #308,628
  • Oct 18, 2010 7:30am Oct 18, 2010 7:30am
Quoting pres78
Strong 15m bull candle forming ATM. Close above 1.3920 needed to continue.

If it fails at this level again. A lower low could be in the cards.
CITI has just beaten earnings expectations .. financial stocks should rally in NY opening .. the rally is on .. BIS seen taking profits from the earlier slide.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,629
  • Oct 18, 2010 7:31am Oct 18, 2010 7:31am
Quoting pres78
Strong 15m bull candle forming ATM. Close above 1.3920 needed to continue.

If it fails at this level again. A lower low could be in the cards.
Pretty decent fail! Trendline did come into play. Also closed below 1.3908 (23.fib)
  • #308,630
  • Oct 18, 2010 7:32am Oct 18, 2010 7:32am
Quoting Sunsi
Up and testing the 23 fib at 1.3908 again.
Dollar index testing it`s recently formed bottom also. Could see some movement now.
Yeah it's bouncing between the fib and S1 (3885). I'm still waiting until a break comes before deciding what to do
Doing what you like is Freedom. Liking what you do is Happiness.
  • #308,631
  • Oct 18, 2010 7:32am Oct 18, 2010 7:32am
Quoting Popee83
CITI has just beaten earnings expectations .. financial stocks should rally in NY opening .. the rally is on .. BIS seen taking profits from the earlier slide.
Seems like we have diffrent views on this pair today.
Need to break 1.3920 before I can say I agree with you
  • #308,632
  • Oct 18, 2010 7:32am Oct 18, 2010 7:32am
Quoting Popee83
CITI has just beaten earnings expectations .. financial stocks should rally in NY opening .. the rally is on .. BIS seen taking profits from the earlier slide.
US pre-markets recovering from the CITI earnings already ...
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,633
  • Oct 18, 2010 7:33am Oct 18, 2010 7:33am
Quoting Popee83
CITI has just beaten earnings expectations .. financial stocks should rally in NY opening .. the rally is on .. BIS seen taking profits from the earlier slide.
eps was 1 cent above
revenues below.
i don't think it's a beat.
the scary thing is tomorrow when BAC will report. that will move this pair too.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,634
  • Oct 18, 2010 7:34am Oct 18, 2010 7:34am
Quoting Sunsi
Pretty decent fail! Trendline did come into play. Also closed below 1.3908 (23.fib)
Yes it was a big drop in the last few minutes... It stopped dead on the 1hr 21EMA at it's high for that thrust up.

Still waiting on this hr candle to see where we stand.
Today's zone = Tomorrow's opportunity!
  • #308,635
  • Oct 18, 2010 7:34am Oct 18, 2010 7:34am
It could go up but it will have to violate 1.3931 first which does not seem likely to me. I reckon we are gonna see some jagged candles around H1 for the rest of the day. Directionless volatility is rising, until things calm down I would hold my new positions except one ... short @ 1.3830 set for 1.3670 ... if it gets triggered.

good luck.
  • #308,636
  • Oct 18, 2010 7:36am Oct 18, 2010 7:36am
How do people think news in 25min will affect the pair today?
  • #308,637
  • Oct 18, 2010 7:38am Oct 18, 2010 7:38am
Quoting pres78
Yes it was a big drop in the last few minutes... It stopped dead on the 1hr 21EMA at it's high for that thrust up.

Still waiting on this hr candle to see where we stand.
What are your plan on this 1hr?
My plan:

Close higher then 1.3920 -> Bullish
Another close below 1.3908 -> Bears in controll
Below 1.3885 -> Strongly Bearish

Thoughts from others?
  • #308,638
  • Oct 18, 2010 7:40am Oct 18, 2010 7:40am
Quoting Sunsi
What are your plan on this 1hr?
My plan:

Close higher then 1.3920 -> Bullish
Another close below 1.3908 -> Bears in controll
Below 1.3885 -> Strongly Bearish

Thoughts from others?
Agreed but I would only be bearish from 1.3885 to 1.3846 for the moment to see what happens. 1.3846 is last weeks 19.1 fib which can provide some support. Have to see how the rest of today plays out and adjust entries and targets to suit.
Today's zone = Tomorrow's opportunity!
  • #308,639
  • Oct 18, 2010 7:44am Oct 18, 2010 7:44am
Another possible bounce of USDx at 77.6 that I am watching closely... A clear break and hold below 77.5 or above 77.7 need IMHO to break out of this range we are in on the 15m between 3920 and 3885.
Today's zone = Tomorrow's opportunity!
  • #308,640
  • Oct 18, 2010 7:45am Oct 18, 2010 7:45am
if this was preparation for news it will go up.... im wont trade any more for today had some entries pulled some pips so see u tomorrow

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