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  • #336,821
  • Dec 1, 2010 10:07am Dec 1, 2010 10:07am
this would be #5.. we got a mofu.. to pass.. under us. we are out the sausage factory. but the mofu will help it catch up. we need a long candle below it.. to have a smooth ride lower.
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those who can, do. those who cant, talk about those who can
  • #336,822
  • Dec 1, 2010 10:10am Dec 1, 2010 10:10am
Thanks Gator,

Wasn't sure the method you were using to get your levels. I had daily fibs drawn and had the same # (3055) was just checking to see if this was what you were looking at.

Home from work today and had a chance to spend some time in front of the computer, doesn't happen very often. Usually just a few minutes here and there so I'm often just a lurker. Sorry for the newb question as I know that is not the intended purpose of this thread.

TJC

Quoting gatorinla
after each complete target on chart we normaly slip past the # a little.. then retrace above it.. this is normal.. the pa has marked its territory already.. like a dog pissing on a tree. it wants to go down.. the completed target # becomes st soft s/r.. the next one targets 3014..
3055 is another method.
  • #336,823
  • Dec 1, 2010 10:10am Dec 1, 2010 10:10am
Quoting TudorJonesJR
meant 1.3076.. short again..
closed again... because of strong indexfutures
  • #336,824
  • Dec 1, 2010 10:12am Dec 1, 2010 10:12am
Quoting cloggie
Look at your M1 and see how the test of the hourly resistance was clearly rejected, she did not even come close and see how the 6 bars following the try gave you the signal for a short, the following test of the daily TL would have given you confidence to stay in the short and the failure of the hourly support level would have given you the first indication to cover your short.

You can now see how the hourly support is acting like a magnet to the price and there is no clear rejection of it telling you to forget about buying this one right now.

A...

Still stuck in the support zone (after the customary fake 'n shake) anyone trading this not already in a trade is just gambling. I love these simple setups, trade the break of the daily TL/failed resistance, find the next hourly support, cover and watch the fake 'n shake followed by a clear direction for your next setup.

Wonder how many suckers got tempted on the fake, be honest now.
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  • #336,825
  • Dec 1, 2010 10:15am Dec 1, 2010 10:15am
Quoting gatorinla
this would be #5.. we got a mofu.. to pass.. under us. we are out the sausage factory. but the mofu will help it catch up. we need a long candle below it.. to have a smooth ride lower.
what a freaky area. bounce of target #4 will probably get sucked back into the mofu... now i see why you dislike these situations.

the effort to cross it is there...
  • #336,826
  • Dec 1, 2010 10:18am Dec 1, 2010 10:18am
Quoting ak4x


I wouldn't worry too much about that too much, the "intended purpose of this thread" if you read Post #1 really wasn't very lofty to begin with.

Al poor ole snprr wanted was some advise on how to trail his stop, and a gazillion smiley and spam posts later, here we all are...

Imagine that.
stop spamming.
  • #336,827
  • Dec 1, 2010 10:18am Dec 1, 2010 10:18am
don't like setup on futures... waiting this out.. gl
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  • #336,828
  • Dec 1, 2010 10:21am Dec 1, 2010 10:21am
Quoting cloggie

Wonder how many suckers got tempted on the fake, be honest now.

Come on, none of the 530 lurkers here got tempted by the fakeout?

We did have 2 of them, someone must have fallen for it?
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  • #336,829
  • Dec 1, 2010 10:22am Dec 1, 2010 10:22am
Quoting Mr Hatch
what a freaky area. bounce of target #4 will probably get sucked back into the mofu... now i see why you dislike these situations.

the effort to cross it is there...
early in a move sucks.. there are many more variables. 200 ma is at the current low on the 5m at 3047... then open ground except mofu (fibs) mostly..
those who can, do. those who cant, talk about those who can
  • #336,830
  • Dec 1, 2010 10:23am Dec 1, 2010 10:23am
Quoting gatorinla
early in a move sucks.. there are many more variables. 200 ma is at the current low on the 5m at 3047... then open ground except mofu..
aaaahhh, i just added this now. it's currently stuck between 200 sma and ema.
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  • #336,831
  • Dec 1, 2010 10:23am Dec 1, 2010 10:23am
All about supply & Demand...........
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  • #336,832
  • Dec 1, 2010 10:25am Dec 1, 2010 10:25am
Quoting cloggie
Come on, none of the 530 lurkers here got tempted by the fakeout?
Looks ready for a push up in a few minutes but not in my plans to take there is better R:R today with the ES,

good luck

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #336,833
  • Dec 1, 2010 10:27am Dec 1, 2010 10:27am
eur /usd - adding another long in 33minutes
  • #336,834
  • Dec 1, 2010 10:29am Dec 1, 2010 10:29am
Quoting sisse
Looks ready for a push up in a few minutes but not in my plans to take there is better R:R today with the ES,

good luck

sisse

Am just trying to reinforce the benefit of keeping things simple and looking at areas of support/resistance, hopefully my sarcasm kept a few out of silly trades shorting the fakeouts of major hourly support levels. Maybe others will look at charts in a simple manner now. Wishful thinking probably, the Indies are king here.
  • #336,835
  • Dec 1, 2010 10:32am Dec 1, 2010 10:32am
Quoting cloggie
Come on, none of the 530 lurkers here got tempted by the fakeout?

We did have 2 of them, someone must have fallen for it?
I've been following this thread for some time and decided to register and contribute with you guys.

I am a noob, so thank you for all the lessons learned Cloggie and others, a new one today.

PB
  • #336,836
  • Dec 1, 2010 10:33am Dec 1, 2010 10:33am
What is this "fake out" people are referring to?
  • #336,837
  • Dec 1, 2010 10:33am Dec 1, 2010 10:33am
Quoting cloggie
Still stuck in the support zone (after the customary fake 'n shake) anyone trading this not already in a trade is just gambling. I love these simple setups, trade the break of the daily TL/failed resistance, find the next hourly support, cover and watch the fake 'n shake followed by a clear direction for your next setup.

Wonder how many suckers got tempted on the fake, be honest now.

Just for good measure, let's fake the top. Any takers?
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  • #336,838
  • Dec 1, 2010 10:33am Dec 1, 2010 10:33am
Quoting Mr Hatch
aaaahhh, i just added this now. it's currently stuck between 200 sma and ema.
yeah i got mine.. i locked in.. but you never can turn your back on the mofu.. we never completed #4.. the only way to cross a mofu is momentum.
Europe is closing. maybe this climb will give us momentum.
those who can, do. those who cant, talk about those who can
  • #336,839
  • Dec 1, 2010 10:33am Dec 1, 2010 10:33am
If you look at the monthly chart you notice wicks from the previus major down turn and wicks on major up turns, I count at least 300 to 500 pip pullbacks before the trend continues:

we had a big rally overnight and 3000 held nicely. From what I notice from staring at zones, that a push up like this is usually called to further increase as the pullback happens. maybe to 1.32, then 1.33 but overall down.
Know when to hold em, Know when to fold em!
  • #336,840
  • Dec 1, 2010 10:34am Dec 1, 2010 10:34am
Quoting johnnyrei
eur /usd - adding another long in 33minutes
what is all this timing u counting?
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