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  • #201
  • Apr 8, 2010 10:53pm Apr 8, 2010 10:53pm
Quoting Rufus
Hi Ctic

I noticed that the 4h support also lines up with the 38.2 fib. Do you look for multiple layers of S/R to set pending orders? When you do set a pending order do you set you stop at the next S/R level?

I am still in Minnesota with a poor connection so no trading for me for some time now. Enjoying time with family but looking forward to some quality chart time soon.

Rufus
Hi Rufus,

Sorry it took me so long to respond. I have been very busy with no time to answer, or to tired and didn't feel like typing to answer. The answer is yes.

I look for various things to set my pending orders.. Fib lines, MA's, Inside bar, pivots and formations. Many times you can see on the charts where something will go before it turns. If your not here when it hits, you miss out so I set the pending order w/ a SL at a reasonable level. I don't always set the SL at the next level... It depends on what the charts look like. Sometimes they line up and I do but for example lets say the current line is the 38 fib 1H chart, 200MA. It may still be an uptrend but may move to the weekly if the proper retrace hasn't been completed. Thus I set a larger SL per the weekly chart. If everything lines up.. 1H, 4H, Daily, Weekly etc.. I will set much tighter stoplosses, because if it breaks on a weekly to go to the next level, that could be many pips...

I hope this helps and makes sense.. Let me know if you have any other questions.

C.
  • #202
  • Apr 8, 2010 11:40pm Apr 8, 2010 11:40pm
I think we may break the range today and I feel still it will be topside. We may see this drop to the cluster of MA's and the 61.8 fib. Looking to go long around 5250 - 5225. Target still would remain @ 5380 - 5400 (the 138.2 and 161.8 fibs).
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  • #203
  • Apr 9, 2010 8:38am Apr 9, 2010 8:38am
Quoting Ctic
I think we may break the range today and I feel still it will be topside. We may see this drop to the cluster of MA's and the 61.8 fib. Looking to go long around 5250 - 5225. Target still would remain @ 5380 - 5400 (the 138.2 and 161.8 fibs).
Not too shabby.... We hit the mark @ 5889 and took a bounce down. Next stop 5420-5440. I do feel next week is continued up movements (for now.) will reanalyze over weekend and upon market open.
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  • #204
  • Apr 14, 2010 12:25pm Apr 14, 2010 12:25pm
I still believe this will make the 5550ish mark by the end of the week pushing next week up to the 5600 - 5700 mark like I said a couple months back... That will be the test of the trend reversal or the drop for continuation. As for me, I will be back more next week as tax season will finally be over and life can resume at normal. 4H chart 161.8 weekly fib is that 1.5550ish mark I speak of. Did nicely this week trading so far the little amount of trades I did happen to make.

C.
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  • #205
  • Apr 14, 2010 12:25pm Apr 14, 2010 12:25pm
Quoting Ctic
I still believe this will make the 5550ish mark by the end of the week pushing next week up to the 5600 - 5700 mark like I said a couple months back... That will be the test of the trend reversal or the drop for continuation. As for me, I will be back more next week as tax season will finally be over and life can resume at normal. 4H chart 161.8 weekly fib is that 1.5550ish mark I speak of. Did nicely this week trading so far the little amount of trades I did happen to make.

C.
Also happens to be center channel line too.
  • #206
  • Apr 15, 2010 9:21am Apr 15, 2010 9:21am
http://www.forexfactory.com/showpost...stcount=218067

The current view.
  • #207
  • Apr 20, 2010 11:02pm Apr 20, 2010 11:02pm
As we speak, we are following th 1440 on the slow slope down, However, the 200 is moving upward. Fib action hints that we will travel further north to 5450 to 5525. I think we may see a bounce downward and then the rise up to those levels.

My bias is long.
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  • #208
  • Apr 21, 2010 3:45am Apr 21, 2010 3:45am
Quoting Ctic
As we speak, we are following th 1440 on the slow slope down, However, the 200 is moving upward. Fib action hints that we will travel further north to 5450 to 5525. I think we may see a bounce downward and then the rise up to those levels.

My bias is long.
Here is the updated chart. I still think we get new highs on the hour.
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  • #209
  • May 16, 2010 10:16pm May 16, 2010 10:16pm
Vacation was fun.. but back to business. Look where we are at.. Major support levels. If support holds playing long. If fail playing short... very simple.
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  • #210
  • May 16, 2010 10:24pm May 16, 2010 10:24pm
C,

It's good to see you around again my friend. Thank you for posting the chart. I'm actually flat GU/GJ atm but trying to snipe an entry here..
  • #211
  • May 16, 2010 10:26pm May 16, 2010 10:26pm
Quoting uraceulose
C,

It's good to see you around again my friend. Thank you for posting the chart. I'm actually flat GU/GJ atm but trying to snipe an entry here..
Thank you... It's good to be back.. Vacation is a necessity at times though. I actually have a very small postion speculation long in on GU. SL placed just below the red line. As it appears this support has held for 30+ years, I don't think it will break that easily. I am already +30 on it, lets see if it holds.
  • #212
  • Jun 18, 2010 1:32am Jun 18, 2010 1:32am
Haven't been in here much due to chatting with other great traders on Skype.. Also developing another system that seems to be working even better.. I will put in here once developed. Anyone that wants to chat, feel free to add me in Skype...

ID: citco.

yes you need the period
  • #213
  • Jun 18, 2010 1:58am Jun 18, 2010 1:58am
Quoting Ctic
Haven't been in here much due to chatting with other great traders on Skype.. Also developing another system that seems to be working even better.. I will put in here once developed. Anyone that wants to chat, feel free to add me in Skype...

ID: citco.

yes you need the period
Hi Ctic... i would like to join you in the chat discussion... u haven't been here lately but i remember u had some very good trades.

I tried to look for "citco" on skype.. but there are several of them

maybe u can tell country or email that u posted there??

thanks

Dario
I don't want a job, i want money!
  • #214
  • Jun 18, 2010 2:38am Jun 18, 2010 2:38am
Quoting dario1002
Hi Ctic... i would like to join you in the chat discussion... u haven't been here lately but i remember u had some very good trades.

I tried to look for "citco" on skype.. but there are several of them

maybe u can tell country or email that u posted there??

thanks

Dario
Dario...

Thank you for the compliment.
You need to search

citco.

you need the period after citco... Stands for Ctic Co. like company abbr.
  • #215
  • Dec 23, 2010 11:52pm Dec 23, 2010 11:52pm
May range here for a week or so... Also w/ the holidays here, it would make sense.
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  • #216
  • Edited 12:13am Dec 24, 2010 12:12am | Edited 12:13am
Nice bearish engulfing candle and moving off MA for a possible longer term short...
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  • #217
  • Dec 24, 2010 12:19am Dec 24, 2010 12:19am
New Highs created this quarter... This pair is in a perma uptrend which will probably remain until interest rates get closer together. Look for next quarter to reach the 1.05 area..
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  • #218
  • Dec 24, 2010 12:40am Dec 24, 2010 12:40am
Euro also has a nice bearish engulfing monthly candle. Of course the dollar index has shown strength lately and Europe has the never dying debt crisis.. Look for shorts here for the time being.
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  • #219
  • Dec 24, 2010 8:51am Dec 24, 2010 8:51am
Quoting Ctic
May range here for a week or so... Also w/ the holidays here, it would make sense.
Well so far so good.. 5469 trade closed for 40 pips. Play now (if I am going to play at all) is shorts at the top of the channel, If I feel risky longs at the bottom of the channel. Stops placed outside the master candle.

Will place short OCO order in @ 5345 SL @ 5500.
  • #220
  • Edited 8:56am Dec 24, 2010 8:55am | Edited 8:56am
Quoting Ctic
Euro also has a nice bearish engulfing monthly candle. Of course the dollar index has shown strength lately and Europe has the never dying debt crisis.. Look for shorts here for the time being.
Waiting for the break of this support, which is holding atm. May channel here for a bit, but have OCO short 1.3050 SL @ 1.3250
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