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  • #327,161
  • Nov 16, 2010 7:45pm Nov 16, 2010 7:45pm
Quoting Leche Mocha
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?
well Texas has a budget gap of 4.6B according to wsj
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,162
  • Nov 16, 2010 7:46pm Nov 16, 2010 7:46pm
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
1320 should find a lot of buyers.
  • #327,163
  • Nov 16, 2010 7:50pm Nov 16, 2010 7:50pm
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
pop
those who can, do. those who cant, talk about those who can
  • #327,164
  • Nov 16, 2010 7:52pm Nov 16, 2010 7:52pm
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
i just sold a few.. at 3501
those who can, do. those who cant, talk about those who can
  • #327,165
  • Nov 16, 2010 7:56pm Nov 16, 2010 7:56pm
Quoting longshot_nl
Did you know all american movies in germany are synchronized in german language..?
And now we get this...

Yes they are dubbed, that's why I don't go there anymore
ending up watching CNN or CNBC or Bloomy in the hotel room... same with France...

Really sad actually, open your eyes Germany ! Widen your horizon !
  • #327,166
  • Nov 16, 2010 7:56pm Nov 16, 2010 7:56pm
Quoting gatorinla
i just sold a few.. at 3501
might get to 1.36 or not. but stops are just above 1.35
Tokyo bought yesterday at the exact same time as today

thanks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,167
  • Nov 16, 2010 7:56pm Nov 16, 2010 7:56pm
Quoting gatorinla
i just sold a few.. at 3501
SL ?
  • #327,168
  • Nov 16, 2010 7:56pm Nov 16, 2010 7:56pm
daily 50 ema is 3530 along with dpp.. ill sell a little there also.
those who can, do. those who cant, talk about those who can
  • #327,169
  • Nov 16, 2010 8:03pm Nov 16, 2010 8:03pm
Quoting malcolmb14
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...

Interesting words, will do some vsa research myself.
  • #327,170
  • Nov 16, 2010 8:04pm Nov 16, 2010 8:04pm
Quoting longshot_nl
Interesting words, will do some vsa research myself.

As I said COT was printed yesterday so might be something to it
  • #327,171
  • Nov 16, 2010 8:05pm Nov 16, 2010 8:05pm
Quoting gatorinla
daily 50 ema is 3530 along with dpp.. ill sell a little there also.
could be a fake out here so you could be right but same PA yesterday same time. maybe the run up a bit. EUX really sold off. from 112 to 108.
not trading aggressively here. usually OPEX gives a bid to EUR.

we'll see.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #327,172
  • Nov 16, 2010 8:15pm Nov 16, 2010 8:15pm
see pics/chart on my blog.........


Further analysis was necessary to determine where we are standing. The last counts were not satisfying, leaving to many question marks.

Please see comments on the above shown chart first.

Those observations make me belief, that we are not beyond wave orange 1.

Further you have this perfect base channel. One would argue, that a wave 2 orange would run out of this base channel to the upper side, and a wave orange 3 would accelerate to the downside.

An other point is the fact, that we have this divergence between price and MACD since 11.07.2010, which is not worked off yet. I have stressed this point over and over again.

And last but not least: Go 1 time-frame higher to a 4h chart and look at Awesome Oscillator. A wave orange 2 would surely have brought AO above or at the zero line. But that has not happened yet.

I think that this shown count offers the highest probability right now.
  • #327,173
  • Nov 16, 2010 8:22pm Nov 16, 2010 8:22pm
The daily looks short term oversold. My stochastics model is begging for a relief rally.
  • #327,174
  • Nov 16, 2010 8:29pm Nov 16, 2010 8:29pm
Quoting cagriguler
SL ?
dono... im still selling.
Attached Image
those who can, do. those who cant, talk about those who can
  • #327,175
  • Nov 16, 2010 8:43pm Nov 16, 2010 8:43pm
Does anyone know what line/ SR is there at 1.3512? The level seems to be somehow significant, but I cant find any fib, sr, or murrey lines at that level on any timescale...

feedback appreciated
  • #327,176
  • Nov 16, 2010 8:48pm Nov 16, 2010 8:48pm
Quoting msood
Does anyone know what line/ SR is there at 1.3512? The level seems to be somehow significant, but I cant find any fib, sr, or murrey lines at that level on any timescale...

feedback appreciated
Here u go, it's kind of an important level. 50% retracement of the fall from
5141 to the low on 1875. The number is 3508.
Hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: euw.jpg Size: 321 KB
  • #327,177
  • Nov 16, 2010 8:50pm Nov 16, 2010 8:50pm
Quoting msood
Does anyone know what line/ SR is there at 1.3512? The level seems to be somehow significant, but I cant find any fib, sr, or murrey lines at that level on any timescale...

feedback appreciated
take off the .0012 and you have your answer

1.4 , 1.35 , 1.3 etc etc major s/r area on higher time frames

really is that simple ... nothing to do with fibs or anything else.

also not how eu moves in 30 pip[ blocks intraday , hence daily ranges set at about 150 ... often down moves 60 pip reatrces 30 pip .... good for us intraday traders
Blogging daily now at www.volume.zone
  • #327,178
  • Nov 16, 2010 8:51pm Nov 16, 2010 8:51pm
i posted earlier that .3500 may make a nice sell entry but i like .3550 better.

either way... on the chart i sold .3500 before the Asian session began.

i trade multiple lots and exited after 20.

i thought so bullish nonsense may be in order... similar to last nights horseshit.

stan
Attached Image
  • #327,179
  • Nov 16, 2010 8:52pm Nov 16, 2010 8:52pm
Quoting maurofx
Here u go, it's kind of an important level. 50% retracement of the fall from
5141 to the low on 1875. The number is 3508.
Hope it helps.
Close enough I guess.Thanks Maurofx -
  • #327,180
  • Nov 16, 2010 8:53pm Nov 16, 2010 8:53pm
i wonder what fireworks we'll see once uc hits parity.
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