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  • #308,681
  • Oct 18, 2010 8:36am Oct 18, 2010 8:36am
Quoting DMA Trader
15m bullish key levels 1.396 and 1.4
We shouldn't see 1.4 ... selling interest is too overwhelming at that level .. 3 big swiss sell orders total 1.3 yards, ACB's selling interest noted there too, not forgetting BIS sell orders are clustered at 1.4.

The slide should resume around that level. I will be on the side lines then and re-enter short at break of 1.3940 on the way down after we hit 1.3980 first.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,682
  • Oct 18, 2010 8:36am Oct 18, 2010 8:36am
I have a 1h and 4hr candle both closing in 25mins. I want to see if they are above or below 3920 upon closing.
Today's zone = Tomorrow's opportunity!
  • #308,683
  • Oct 18, 2010 8:41am Oct 18, 2010 8:41am
Quoting Mr Hatch
i would have made a bet that 3969 is reached for a nice abcd.
well sometimes when ur out of trade is as same as if u have taken the position.
  • #308,684
  • Oct 18, 2010 8:42am Oct 18, 2010 8:42am
Quoting Popee83
We shouldn't see 1.4 ... selling interest is too overwhelming at that level .. 3 big swiss sell orders total 1.3 yards, ACB's selling interest noted there too, not forgetting BIS sell orders are clustered at 1.4.

The slide should resume around that level. I will be on the side lines then and re-enter short at break of 1.3940 on the way down after we hit 1.3980 first.
you mean today ? i think we can reach it.
it is an important level but. we've been there before.
but for me 1.396 is an important level +- some pips.
let's see
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,685
  • Oct 18, 2010 8:46am Oct 18, 2010 8:46am
Quoting DMA Trader
you mean today ? i think we can reach it.
it is an important level but. we've been there before.
but for me 1.396 is an important level +- some pips.
let's see
I see that also as 1.3968 is the weekly pivot / 50% fib. I am also watching for a break above 1.3945 (80.9% fib of today's H/L). I will decide whether to hold my position after I see what PA does at this level.

I got in on the re-test / hold of 1.3920 in the last 15min candle. Plus USDx back below 77.4 and stocks are climbing slowly.
Today's zone = Tomorrow's opportunity!
  • #308,686
  • Oct 18, 2010 8:47am Oct 18, 2010 8:47am
Light short (for a while) @3947
The best thing that can happen to you is to find out where you're wrong.
  • #308,687
  • Oct 18, 2010 8:48am Oct 18, 2010 8:48am
i wish i see today Friday's high high
  • #308,688
  • Oct 18, 2010 8:52am Oct 18, 2010 8:52am
Quoting fxswing
Time to reload the longs, dip buying for me, building position with long entries below 1,3880. Target would be a new high, market should bounce around 1,3865 ( stops below 1,3834 should be fine).

A close below 1,3913 today would signal failure, and would have me leaving the bull camp, until then, playing the trend... until it really bends.

USDX 1H crossed up the 200sma, let's see if that really sticks...
Long position still look ok, let's see if USDX continue to weaken or rebound...

Be careful with the EURUSD shorts, imho.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-18-2010-USDX-1H-2.png Size: 69 KB
Getting it right is NOT as important as not getting it wrong.
  • #308,689
  • Oct 18, 2010 8:53am Oct 18, 2010 8:53am
Quoting Popee83
We shouldn't see 1.4 ... selling interest is too overwhelming at that level .. 3 big swiss sell orders total 1.3 yards, ACB's selling interest noted there too, not forgetting BIS sell orders are clustered at 1.4.

The slide should resume around that level. I will be on the side lines then and re-enter short at break of 1.3940 on the way down after we hit 1.3980 first.

you should probably stop plagiarizing from forexlive.com, im sure those guys wouldnt be happy......
  • #308,690
  • Oct 18, 2010 8:53am Oct 18, 2010 8:53am
Quoting fxswing
Long position still look ok, let's see if USDX continue to weaken or rebound...

Be careful with the EURUSD shorts, imho.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,691
  • Oct 18, 2010 8:53am Oct 18, 2010 8:53am
Quoting DMA Trader
you mean today ? i think we can reach it.
it is an important level but. we've been there before.
but for me 1.396 is an important level +- some pips.
let's see
I tell you the truth, we take out the guys at 1.4, the sell off is officially off for the week. The guys at 1.4 are very heavy - if taken out, their stops are at 1.4015 and once triggered, the previous rally will continue to target 1.41 and above.

Taking out 1.4 sellers will cause a short covering panic among dealers. China still buying - have a target of 150 pips from lows .. let's see if they will out-maneuver 1.40.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,692
  • Oct 18, 2010 8:56am Oct 18, 2010 8:56am
currently retesting bb al, 50 fib(6037-1875),weekly pivot......
Attached Image (click to enlarge)
Click to Enlarge Name: euoct18.jpg Size: 128 KB
  • #308,693
  • Oct 18, 2010 8:56am Oct 18, 2010 8:56am
Quoting Ping
long =3915

i'm just follow my chart..if go right
hope i stop at 3967
  • #308,694
  • Oct 18, 2010 8:57am Oct 18, 2010 8:57am
Quoting mfoste1
you should probably stop plagiarizing from forexlive.com, im sure those guys wouldnt be happy......
Not really, they know nothing about the swiss 1.3 yards at 1.40 - the ultimate hallmark test for the rally.

The forexlive guys do not offer a conducive platform to challenge their views. So, I should mention them and then challenge the opinions in an open forum.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,695
  • Oct 18, 2010 8:58am Oct 18, 2010 8:58am
Quoting Popee83
I tell you the truth, we take out the guys at 1.4, the sell off is officially off for the week. The guys at 1.4 are very heavy - if taken out, their stops are at 1.4015 and once triggered, the previous rally will continue to target 1.41 and above.

Taking out 1.4 sellers will cause a short covering panic among dealers. China still buying - have a target of 150 pips from lows .. let's see if they will out-maneuver 1.40.
we'll see. don't really care who's selling or buying on FX. all I care is price action. So I try to avoid "news" like Big European order is coming. trader talk, trader rumors. what ever. not for me.
China buying china selling. China hedging.

I had my 1.396 print btw.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #308,696
  • Oct 18, 2010 8:59am Oct 18, 2010 8:59am
Quoting Driver55
Light short (for a while) @3947
i remember last time you said "for a while" (you shorted around 1,3600 and price went down hard) , so it's good news for shorts
COT: The precious data ignored
  • #308,697
  • Oct 18, 2010 9:01am Oct 18, 2010 9:01am
Quoting DMA Trader
China buying china selling. China hedging.
hhahah
  • #308,698
  • Oct 18, 2010 9:02am Oct 18, 2010 9:02am
Quoting DMA Trader
we'll see. don't really care who's selling or buying on FX. all I care is price action. So I try to avoid "news" like Big European order is coming. trader talk, trader rumors. what ever. not for me.
China buying china selling. China hedging.

I had my 1.396 print btw.
Exited early there man. Still some more room to the upside - technically to the 1.3980 level. That's where I exit and stay on the side-lines.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #308,699
  • Oct 18, 2010 9:02am Oct 18, 2010 9:02am
Quoting Popee83
Not really, they know nothing about the swiss 1.3 yards at 1.40 - the ultimate hallmark test for the rally.

The forexlive guys do not offer a conducive platform to challenge their views. So, I should mention them and then challenge the opinions in an open forum.

tomorrows conventional wisdom today?.......gimme a break buddy, thats straight from their site
  • #308,700
  • Oct 18, 2010 9:03am Oct 18, 2010 9:03am
I like the 1hr and 4hr close above 1.3945. I see a lot of resistance at 1.3960-1.3970 area to get through, the 55EMA, 100EMA, Weekly Pivot and Daily high all grouped within a few pips.
Today's zone = Tomorrow's opportunity!
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