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  • #313,161
  • Oct 25, 2010 8:02am Oct 25, 2010 8:02am
Quoting goods
Yes price is falling
not enough to go short on a sound basis yet.
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  • #313,162
  • Oct 25, 2010 8:04am Oct 25, 2010 8:04am
Usually when i see such price action..printing new low new low close etc...i would not hesitate to sell...this time my finger are stucked.

That move down sounds so fake...bear trap ? we will see..
COT: The precious data ignored
  • #313,163
  • Oct 25, 2010 8:05am Oct 25, 2010 8:05am
Quoting Mr Hatch
not enough to go short on a sound basis yet.

I was short one price started trading below 1.4040 (this is my actual short entry)
Know when to hold em, Know when to fold em!
  • #313,164
  • Oct 25, 2010 8:05am Oct 25, 2010 8:05am
Quoting kuroro001
Usually when i see such price action..printing new low new low close etc...i would not hesitate to sell...this time my finger are stucked.

That move down sounds so fake...bear trap ? we will see..
I think they're too close to 4160 stops just to let them go...
  • #313,165
  • Oct 25, 2010 8:07am Oct 25, 2010 8:07am
Keeping tabs on Yen...
  • #313,166
  • Oct 25, 2010 8:11am Oct 25, 2010 8:11am
focus, focus is the name of the game, since open price move from 3972 to 3932 missing the Pivot Point for a few pips head back up to R1 then to M4 then to R2 and finaly reaching 4078 that is over 100 pips and then move down to 4000 for another 78 pips, and you call this a slow night, well don't call me on a bussy night becasue I may not be able to scalp my way out, I have 82 pips on 18 trades averaging 7 pips per trade including 12 at +1 so imagine if is a bussy night like you call it, focus guys, focus is all you have to do, don't waste all night waiting for the big move because it may not come while you are awake or half sleep and then when it comes you are just dead tired and you miss it, my 2 cents, find a way to make afew pips before the night is over, just look for hits on the PP's in the direction of the trend wish is being up since last month, and still up, when it falls fall with it but don't fight with it, just follow it........follow the pips Luke .......the force luke........
The Chonchy
  • #313,167
  • Oct 25, 2010 8:13am Oct 25, 2010 8:13am
Guys do you also see the potential for an ABC correction to be formed on the daily chart?

Also the time projections suggest that we might have a low after the 28th before potential continuation of the uptrend.

Any thoughts?
  • #313,168
  • Oct 25, 2010 8:13am Oct 25, 2010 8:13am
Quoting FibbinArchie
I think they're too close to 4160 stops just to let them go...
Yeh i guess so.
And maybe by the the fact i didnt see selling pressure on top. Price is falling without any proper short setup at the top
COT: The precious data ignored
  • #313,169
  • Oct 25, 2010 8:16am Oct 25, 2010 8:16am
Quoting svet_an
Guys do you also see the potential for an ABC correction to be formed on the daily chart?

Also the time projections suggest that we might have a low after the 28th before potential continuation of the uptrend.

Any thoughts?
I think ABC isn't that useful really.
  • #313,170
  • Oct 25, 2010 8:17am Oct 25, 2010 8:17am
4048/50 also some resistance if we get through the 30's....I'm still waiting, have been all day...
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Look Sharp/Trade Tight
  • #313,171
  • Oct 25, 2010 8:18am Oct 25, 2010 8:18am
Quoting chonchy
focus, focus is the name of the game, since open price move from 3972 to 3932 missing the Pivot Point for a few pips head back up to R1 then to M4 then to R2 and finaly reaching 4078 that is over 100 pips and then move down to 4000 for another 78 pips, and you call this a slow night, well don't call me on a bussy night becasue I may not be able to scalp my way out, I have 82 pips on 18 trades averaging 7 pips per trade including 12 at +1 so imagine if is a bussy night like you call it, focus guys, focus is all you have to do, don't waste all night...
which direction for main trend Obi Wan?
  • #313,172
  • Oct 25, 2010 8:19am Oct 25, 2010 8:19am
longs are predominant, it may fall big time like we are all waiting for but bulls are in control, I just made a n easy 30 pips by going long at the 4000 level it was easy to see that the shorts where force and the longs are going easy, now I just place a stop 10 pips over safe heaven and let it run but expirience tell me to take profits at the pivots because it may bounce if I let it is greed and it may come back and leave me with 10 pips only so is your choice, shoose wise............
The Chonchy
  • #313,173
  • Oct 25, 2010 8:21am Oct 25, 2010 8:21am
Quoting chonchy
longs are predominant, it may fall big time like we are all waiting for but bulls are in control, I just made a n easy 30 pips by going long at the 4000 level it was easy to see that the shorts where force and the longs are going easy, now I just place a stop 10 pips over safe heaven and let it run but expirience tell me to take profits at the pivots because it may bounce if I let it is greed and it may come back and leave me with 10 pips only so is your choice, shoose wise............
good entry, I made 20, 08 to 28
  • #313,174
  • Oct 25, 2010 8:22am Oct 25, 2010 8:22am
uj is 10 pips from 15 year low, waiting for strong volume before buy...
  • #313,175
  • Oct 25, 2010 8:23am Oct 25, 2010 8:23am
Quoting FibbinArchie
which direction for main trend Obi Wan?
take a look at the weekly and monthly chart FibbinArchie the long term trend is up so if is no direction on the short or medium term trend follow the long term trend and trade base on that, scalp the s%$#t out of it untill it finds a direction,........ then go long or short base on that direction but if you have big news coming of course there is no direction the news will give it or at least try to give it, so wait for it or scalp mean while, my 2 cents
The Chonchy
  • #313,176
  • Oct 25, 2010 8:25am Oct 25, 2010 8:25am
Quoting chonchy
take a look at the weekly and monthly chart FibbinArchie the long term trend is up so if is no direction on the short or medium term trend follow the long term trend and trade base on that, scalp the s%$#t out of it untill it finds a direction,........ then go long or short base on that direction but if you have big news coming of course there is no direction the news will give it or at least try to give it, so wait for it or scalp mean while, my 2 cents
more numbers in half an hour, time for another break...
  • #313,177
  • Oct 25, 2010 8:26am Oct 25, 2010 8:26am
see what I meant by taking profits at the pivot, R2 was the bounce from 4000 to R2 easy 35 pips now reload at a lower point and enter true the one minute or the 3M and hit it again, just focus, don't post and trade just pay attention, hit it and focus.........
The Chonchy
  • #313,178
  • Oct 25, 2010 8:28am Oct 25, 2010 8:28am
Quoting Z3iz3i
Same stuff continues than last week. Range that is.

Same instances buy/sell back which creates nice scalp opportunities with dangerous volatility.
it is another friday....do you think it will test 4100 again?????
I got traped in my longs since yesterday and I overslept without taking my profits
  • #313,179
  • Oct 25, 2010 8:31am Oct 25, 2010 8:31am
focus on the hits of the Pivot Points, focus on the hits of the Bollinger Bands, focus of the hits of the EMA'S the fibo's but just focus be discipline, stay off the forum just trade 10, 5 pip trades and there is 50 pips not enough, hit it again for another 10 trades always in the direction of the trend, look at this bounce of R2 I didn't trade it but it was another 20 pips, I don't counter trade but with a tite stop it could be done, is just focus..............
The Chonchy
  • #313,180
  • Oct 25, 2010 8:32am Oct 25, 2010 8:32am
Quoting chonchy
see what I meant by taking profits at the pivot, R2 was the bounce from 4000 to R2 easy 35 pips no reload at a lower point and enter true the one minute or the 3M and hit it again, just focus, don't post and trade jsut hit it and focus.........
also confluence with 127% fib extension of first leg down...
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