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  • #326,341
  • Nov 15, 2010 3:04pm Nov 15, 2010 3:04pm
Quoting PayTheLimit
bears will want an hourly close below 3593/95 for the next leg down
well we got it, lets see what they can do with it, resistance now 3593/3613...
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Look Sharp/Trade Tight
  • #326,342
  • Nov 15, 2010 3:06pm Nov 15, 2010 3:06pm
Quoting mdiz2
I'm trying to learn how to locate these levels and some I find on my own and some I can't figure out why you choose them like the 3552. What do you see that makes you choose that level. Thank you for all you input. I've been learning more from you than any thing else I've read, starting with the box discussions you used to have on the gu thread.
Nothing magical here.. Dollar bulls no matter what will always give

downside targets, and bears upside... It's all can switch on the fly..

Bernanke buying treasuries and printing money, that's why Dollar is rising..

fair enough.. The question is for how long.. Rising Dollar is not what FED

wants, but we still have room for downside.. looking at EURGBP daily..

(another 100+ possible pips there)
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #326,343
  • Nov 15, 2010 3:08pm Nov 15, 2010 3:08pm
quite unusual pretty decent volume around ny close..usually this thing is dead by this time of the day...
  • #326,344
  • Nov 15, 2010 3:09pm Nov 15, 2010 3:09pm
Quoting gatorinla
dead man walking.,, usdx has done its job.
Not really. I still have DIX in the Supply Zone. Needs to break 78.90 for DIX to turn bullish to 79.80-80.00
  • #326,345
  • Nov 15, 2010 3:18pm Nov 15, 2010 3:18pm
Quoting Pipwanderer
quite unusual pretty decent volume around ny close..usually this thing is dead by this time of the day...
American day traders short covering produces the effect of buying.
making green pips large and red pips small this is my goal.
  • #326,346
  • Nov 15, 2010 3:20pm Nov 15, 2010 3:20pm
I also see bullish divergence on the h1 CCI. I will be back in 45 mins to see if the h1 candle closes as a bullish harami. Good luck!
  • #326,347
  • Nov 15, 2010 3:23pm Nov 15, 2010 3:23pm
I have seen your calls on gold, I am interested in some action here aswel, but I need to see confirmation in PA.

If gold falls for another day, and if PA goes past the green support box then it will invalidate this gartley shape and will fall through to next support level. If Gold does not respond it could be a sliperry slope back down to 1256.

Speculating by going long now looks risky.

In this scenario why would you not wait for some good confirmation ?




Quoting SkyzerFX
Another FED.gov employee.. We'll see who is wrong soon, don't worry.

I'll be millionaire by only holding Silver and Gold while you flipping pennies

in EU.. Get a clue and Sell f* dollar already, before Ben B rip you off completely.
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  • #326,348
  • Nov 15, 2010 3:24pm Nov 15, 2010 3:24pm
Quoting Pipwanderer
its going down that major resistance broken , we will be seeing some more euros falling
what you see as resistance on the euro is not all there is. the usdx has a weekly tl we are trying to break. we have poked it a few times today. it may take time. i do think it will break. but would not sell the eu now without a bounce or the usdx weekly tl is broken with some gusto.
those who can, do. those who cant, talk about those who can
  • #326,349
  • Nov 15, 2010 3:25pm Nov 15, 2010 3:25pm
Quoting gatorinla
what you see as resistance on the euro is not all there is. the usdx has a weekly tl we are trying to break. we have poked it a few times today. it may take time. i do think it will break. but would not sell the eu now without a bounce or the usdx weekly tl is broken with some gusto.
i meant the usdx right around 78.50 ish this was earlier like 2 hours ago
  • #326,350
  • Nov 15, 2010 3:27pm Nov 15, 2010 3:27pm
In memory...

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  • #326,351
  • Nov 15, 2010 3:27pm Nov 15, 2010 3:27pm
i am still surprised there are some pretty decent volume lingering..even after ny last call
  • #326,352
  • Nov 15, 2010 3:28pm Nov 15, 2010 3:28pm
Quoting bbakker
Not really. I still have DIX in the Supply Zone. Needs to break 78.90 for DIX to turn bullish to 79.80-80.00
trade what you c. im on a 11 year trend. 80.05 is just first target. but i know there can be draw down. if you keep waiting for what it needs to do. you will miss a major part of the trade.
those who can, do. those who cant, talk about those who can
  • #326,353
  • Nov 15, 2010 3:30pm Nov 15, 2010 3:30pm
Quoting SkyzerFX
Nothing magical here.. Dollar bulls no matter what will always give

downside targets, and bears upside... It's all can switch on the fly..

Bernanke buying treasuries and printing money, that's why Dollar is rising..
fair enough.. The question is for how long.. Rising Dollar is not what FED

wants, but we still have room for downside.. looking at EURGBP daily..

(another 100+ possible pips there)
no no no....when treasuries are bought the natural market reaction is for yields to fall. Remember, bond prices and yields have inverse relationship(given no outside forces). The fed has been manipulating the market, so the market is out of whack and it is correcting itself, hence why bond yields are rising even though prices are rising as well....I had a discussion with a professor about this lol, he didnt understand it so i had to explain it to him so the class wouldnt get the wrong info. Economics is a tricky little bastard, there are so many unaccounted variables in equations that it is NEAR IMPOSSIBLE to predict future outcomes....
  • #326,354
  • Nov 15, 2010 3:33pm Nov 15, 2010 3:33pm
Quoting Pipwanderer
i meant the usdx right around 78.50 ish this was earlier like 2 hours ago
53 was one part.. now 59ish...i say 53 with gusto
those who can, do. those who cant, talk about those who can
  • #326,355
  • Nov 15, 2010 3:36pm Nov 15, 2010 3:36pm
Quoting gatorinla
53 was one part.. now 59ish...i say 53 with gusto
i just wait till syndey.. let see what they can offer
  • #326,356
  • Nov 15, 2010 3:38pm Nov 15, 2010 3:38pm
See price acted as predicted... Sadly was absent for the sell at the supply level, a buddy graduated law today...

Picture from morning so that i dont upset someone...
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  • #326,357
  • Nov 15, 2010 3:39pm Nov 15, 2010 3:39pm
I'm on the side until price breaks descending wedge @ 1H
  • #326,358
  • Nov 15, 2010 3:40pm Nov 15, 2010 3:40pm
i know we just made a new low. and its currently looking like it will go further lower and moving lower. but we got a wedge saying bounce atm first 5m..
those who can, do. those who cant, talk about those who can
  • #326,359
  • Nov 15, 2010 3:48pm Nov 15, 2010 3:48pm
long @ 1.35871



30 pip stop
  • #326,360
  • Nov 15, 2010 3:55pm Nov 15, 2010 3:55pm
Quoting gatorinla
i know we just made a new low. and its currently looking like it will go further lower and moving lower. but we got a wedge saying bounce atm first 5m..
Yep totally agree ......lower we go!!
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