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  • #314,781
  • Oct 27, 2010 9:43am Oct 27, 2010 9:43am
Quoting wormboy
lol unbelievable.
it is lol
  • #314,782
  • Oct 27, 2010 9:44am Oct 27, 2010 9:44am
Quoting FibbinArchie
I think he meant burned out as in tired...
thats right
  • #314,783
  • Oct 27, 2010 9:45am Oct 27, 2010 9:45am
Quoting FibbinArchie
Guilty until proven innocent and if it fails to probe any lower that is highly suspect...
It could of course be consolidating before doing a major tank...
  • #314,784
  • Oct 27, 2010 9:46am Oct 27, 2010 9:46am
Quoting FibbinArchie
I think he meant burned out as in tired...
Correct. I usually scalp 10m r 15m charts and for the hours put in this week I have not been catching quite what I want. My 15m chart trades last anywhere from 10 minutes to 4 hours, obviously dependent on current momentum.

One thing I will say, Draw downs on these 4H trades are a bit insane. I would never accept these 40-50 pip draw downs on 15M chart.

Entry needs to be a bit more refined I am thinking for the 4H.
  • #314,785
  • Oct 27, 2010 9:46am Oct 27, 2010 9:46am
Quoting wormboy
lol unbelievable.
only FED doesnt want it to go down
  • #314,786
  • Oct 27, 2010 9:47am Oct 27, 2010 9:47am
Quoting Pipwanderer
PA is not favorable today
no I meant people picking bottom since asia yesterday. That's unbelievable lol
PA had been easy since the week opened.
Thank You
  • #314,787
  • Oct 27, 2010 9:47am Oct 27, 2010 9:47am
Quoting FibbinArchie
It could of course be consolidating before doing a major tank...
4H bars are not that impressive as of right now... so we will see.
  • #314,788
  • Oct 27, 2010 9:49am Oct 27, 2010 9:49am
Quoting swing 123
only FED doesnt want it to go down
you don't know that lmao
Thank You
  • #314,789
  • Oct 27, 2010 9:51am Oct 27, 2010 9:51am
Quoting wormboy
you don't know that lmao
Well I dunno, but all I can see is that it's at the base of a range, could be wrong...
  • #314,790
  • Oct 27, 2010 9:52am Oct 27, 2010 9:52am
Quoting wormboy
no I meant people picking bottom since asia yesterday. That's unbelievable lol
PA had been easy since the week opened.
Yeah... for me I'm not saying now is the bottom... in-fact I don't believe it is, but... my sentiment is definitely switching gears here, albeit slowly. We should know by the end of NY session where we are going over night.
  • #314,791
  • Oct 27, 2010 9:55am Oct 27, 2010 9:55am
France's Lower House Approves Pension Reform Bill
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #314,792
  • Oct 27, 2010 9:57am Oct 27, 2010 9:57am
Last minutes fight about conquering 1.38...jesus christ, give me a break

I would wait for spike up to 1.38 (or 200 EMA 1min tf) but none coming...as yet.
They think they are smarter than I am.
  • #314,793
  • Oct 27, 2010 9:57am Oct 27, 2010 9:57am
Quoting FibbinArchie
Well I dunno, but all I can see is that it's at the base of a range, could be wrong...
The first sign of pa basing is when there's a new high cancelling out the previous lower high. Since the drop from 4080 on monday, there is none.
Thank You
  • #314,794
  • Oct 27, 2010 9:59am Oct 27, 2010 9:59am
not exactly textbook. but dont let your emotion of what you think should happen interfere with whats in front of you. im less of a indi guy. but if your mid term or longer term are showing signs that agree.. consider it hard.

i did a smaller bear wedge earlier just to show how one works.

pay attention to dates. this aint a 5 m chart. its not even a day chart.
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those who can, do. those who cant, talk about those who can
  • #314,795
  • Oct 27, 2010 10:02am Oct 27, 2010 10:02am
Quoting Venice
Yeah... for me I'm not saying now is the bottom... in-fact I don't believe it is, but... my sentiment is definitely switching gears here, albeit slowly. We should know by the end of NY session where we are going over night.
If you're not trading the weekly or monthly, shouldn't have taken you this long to switch gears really ...
Thank You
  • #314,796
  • Oct 27, 2010 10:02am Oct 27, 2010 10:02am
finally
  • #314,797
  • Oct 27, 2010 10:02am Oct 27, 2010 10:02am
Quoting DMA Trader
France's Lower House Approves Pension Reform Bill
and eu drops lower ... stick a fork in em
those who can, do. those who cant, talk about those who can
  • #314,798
  • Oct 27, 2010 10:03am Oct 27, 2010 10:03am
Quoting wormboy
you don't know that lmao
after close below 90 i belived it was going down but couple million thrown against you lol
  • #314,799
  • Oct 27, 2010 10:03am Oct 27, 2010 10:03am
Quoting Ben920FX
Go BEARS!!!
GO GO Bears! kill the bulls
My edge ===> Patience
  • #314,800
  • Oct 27, 2010 10:03am Oct 27, 2010 10:03am
there you go, new low, no basing. keep picking them bottom lol

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