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  • #327,141
  • Nov 16, 2010 6:33pm Nov 16, 2010 6:33pm
Quoting longshot_nl
And still there was a 200 pip up move.
I have a 25 pip SL.
I have a 1000 pip TP.
Do i think you are right 40 times more then i am?
No, so this is still a good trade.
Hey man, good luck to you... I'm just a newbie so you're probably right 400 times more often than I am. Anyway, with such a tight SL, yes you're right, it's not a bad trade, and if it works in your favour it'll be a great trade and I'll be envious. Best wishes
  • #327,142
  • Nov 16, 2010 6:34pm Nov 16, 2010 6:34pm
if weekly candle closes below 50ema ... buckle up .. right now its still on the north side of it.. could be a bounce .. but if friday closes with the candle on the south side of it.... i think that will be a strong indication of a long fall down to the low 20's..
  • #327,143
  • Nov 16, 2010 6:40pm Nov 16, 2010 6:40pm
Quoting PriceVolume
I'd like to see 3533. Normally, I would say we would be likely to get it. Tonight, I'm not so sure.
look at the group of 10 candles on the 5.. they have a wide range 30 pips. atm. a tight range going lower is what will worry me.
those who can, do. those who cant, talk about those who can
  • #327,144
  • Nov 16, 2010 6:43pm Nov 16, 2010 6:43pm
Quoting gatorinla
if your correct. the level bulls will bounce from is 3406... i posted 3460.. in a typo.. i didn't think it was important so i left it. if 3406 is concrete it will get my attention. reason are on the chart. its made prier to 2008.. yes its the biggest bull i have.. i have a neutral one also.. and the bear one to 0.858
hmm i had my SL on 1.341
i think i move it 10 pips...
maybe remove order and see what PA does real time.
thanks...
  • #327,145
  • Nov 16, 2010 6:58pm Nov 16, 2010 6:58pm
Quoting pauly
Ist das Google Übersetzung, or how comes u can speak german?

Prost!
Ich lebe in Australien wuchs aber in Europa, wo wir zu wählen Deutsch oder Französisch in der Schule
  • #327,146
  • Nov 16, 2010 6:59pm Nov 16, 2010 6:59pm
for all the bulls..

watch the 1.33 handle. IF this breaks this is a TEXT BOOK bear flag

PS sky you quiet. I hope you had stops on those gold buys

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #327,147
  • Nov 16, 2010 7:00pm Nov 16, 2010 7:00pm
Quoting Larseg
Ich lebe in Australien wuchs aber in Europa, wo wir zu wählen Deutsch oder Französisch in der Schule
Did you know all american movies in germany are synchronized in german language..?
And now we get this...
  • #327,148
  • Nov 16, 2010 7:02pm Nov 16, 2010 7:02pm
Quoting malcolmb14
for all the bulls..

watch the 1.33 handle. IF this breaks this is a TEXT BOOK bear flag

PS sky you quiet. I hope you had stops on those gold buys

Attachment
uhh.. your flag has ABC - D and E are missing.
  • #327,149
  • Nov 16, 2010 7:03pm Nov 16, 2010 7:03pm
Quoting longshot_nl
These patterns is the finger print of smart money.
I am not calling you stupid but they know something that we don't.
I am making this trade to 1.444, after bounce move sl to be.
IMHO, december will end euro bulishness.
lol no offence .. but i am a vsa trader and using volume / candle action we can see exactly what the pros are up to , i am about 90% right in my analysis as the charts never lie and if I traded everything i said in this forum i would be a billionaire many times over just like the rest of the traders on forexfactory ( well very few lose right)

Look at your 30 min chart this week and look at all moves to 1.3640. That will be a hint as to what the pros are up to ..also go look at the 2 hour and the supply that hit the market last Friday

market will not move form here to 1.4400 now without a phase of accumulation to counter the major distribution I have been watching unfold for weeks now.

if you want a relief rally of 200 pip fine .. we should get one at some point but a move from here to 1.4400 seems a little out of the picture for now.

We will know when the bears have had enough , huge vol down weeks on low spread or low volume down days signify they are tired
Blogging daily now at www.volume.zone
  • #327,150
  • Nov 16, 2010 7:07pm Nov 16, 2010 7:07pm
Quoting longshot_nl
uhh.. your flag has ABC - D and E are missing.
I think you are tlaking elliot wave

how about an abc correction .. ever heard of that ? Do not need to have 5 waves I do not think , but then I am no EW expert. I react to market instead of guessing it
Blogging daily now at www.volume.zone
  • #327,151
  • Nov 16, 2010 7:07pm Nov 16, 2010 7:07pm
Gold has not dropped 3 days in a row in ages.
Could be a good time to go long.

Quoting malcolmb14
for all the bulls..

watch the 1.33 handle. IF this breaks this is a TEXT BOOK bear flag

PS sky you quiet. I hope you had stops on those gold buys

Attachment
  • #327,152
  • Nov 16, 2010 7:09pm Nov 16, 2010 7:09pm
Quoting DrLobo
Gold has not dropped 3 days in a row in ages.
Could be a good time to go long.
The mentors in the vsa club at tradeguider have been noticing selling in gold since 1350 something.... the rest of the move by retial ' lets all buy gold'

I am looking for a bsae to form maybe 1350 , maybe 1300 and maybe even 1250
Blogging daily now at www.volume.zone
  • #327,153
  • Edited 7:40pm Nov 16, 2010 7:12pm | Edited 7:40pm
Quoting malcolmb14
The mentors in the vsa club at tradeguider have been noticing selling in gold since 1350 something.... the rest of the move by retial ' lets all buy gold'

I am looking for a bsae to form maybe 1350 , maybe 1300 and maybe even 1250
1235 to 1210ish. If it bounces. 1288 might be a mofo to crack.
  • #327,154
  • Nov 16, 2010 7:15pm Nov 16, 2010 7:15pm
I would like to know whats different in trading gold compared to currencies.

From my first observation looks like Gold trends much better so I would not want to pick any bottoms.

I am selling on spikes all day was an easy day.
  • #327,155
  • Nov 16, 2010 7:16pm Nov 16, 2010 7:16pm
Quoting longshot_nl
You are very 'level-oriented'.
And still these trendlines appear...
These levels of yours are great stuff, but there is more.

anyhow, i expect something from 1.3427 which is murreys bottom of trading range and near my confluince point.
Hello Longshot,

you mentioned "murreys bottom of trading range" in your post.

Maybe you have the same experience:

I have the feeling, that when price runs to the -2/8 line (but does not jump into the next octave) it often reverses to at least -1/8 line and then takes out the -2/8 in the following down move. In the next octave price often runs 1 or 2 more octave lines and then reverses big.

Best to you,

Markus
  • #327,156
  • Nov 16, 2010 7:24pm Nov 16, 2010 7:24pm
yeah I dont think I will short the euro anymore, need to wait and see.



Quoting infinitus
Hello Longshot,

you mentioned "murreys bottom of trading range" in your post.

Maybe you have the same experience:

I have the feeling, that when price runs to the -2/8 line (but does not jump into the next octave) it often reverses to at least -1/8 line and then takes out the -2/8 in the following down move. In the next octave price often runs 1 or 2 more octave lines and then reverses big.

Best to you,

Markus
  • #327,157
  • Nov 16, 2010 7:27pm Nov 16, 2010 7:27pm
Quoting malcolmb14
The mentors in the vsa club at tradeguider have been noticing selling in gold since 1350 something.... the rest of the move by retial ' lets all buy gold'

I am looking for a bsae to form maybe 1350 , maybe 1300 and maybe even 1250
1370 was the best shot in my opinion...and yeh below 1250 for a reload...but i dont trade it
COT: The precious data ignored
  • #327,158
  • Nov 16, 2010 7:27pm Nov 16, 2010 7:27pm
The U.S. government is now borrowing $5 billion every business day and has done nothing more than talk about a plan to reduce its debt. State governments don't have that luxury.

From Sacramento to Austin to Albany, the day of fiscal reckoning is here. At one point this spring, financial markets were demanding more to insure investors against defaults by Illinois, New Jersey, New York and Michigan than to insure the debt of Ireland and Portugal, the flailing economies of Europe.

wsj
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,159
  • Nov 16, 2010 7:31pm Nov 16, 2010 7:31pm
Quoting kuroro001
New daily low on monday and we are going to 1,3300.
Any attempt to go lower without taking out fridays low and we are going back to 1,4100

We are going there. Thats the next daily target.
Cya for London.
COT: The precious data ignored
  • #327,160
  • Nov 16, 2010 7:36pm Nov 16, 2010 7:36pm
I wonder why they put Texas in there. Last I saw (couple of weeks ago) they had the strongest economy of any state in the Union. Did something change?

Quoting DMA Trader
The U.S. government is now borrowing $5 billion every business day and has done nothing more than talk about a plan to reduce its debt. State governments don't have that luxury.

From Sacramento to Austin to Albany, the day of fiscal reckoning is here. At one point this spring, financial markets were demanding more to insure investors against defaults by Illinois, New Jersey, New York and Michigan than to insure the debt of Ireland and Portugal, the flailing economies of Europe.

wsj
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