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  • #362,621
  • Jan 11, 2011 1:11pm Jan 11, 2011 1:11pm
Quoting cloggie
Covered for 32, am bored with it.

Am now really done for the day. No need to be greedy, that's usually when the sh!t hits the fan.



Oh, Ally this does not mean I would buy here, it means just what it says, am bored and had enough.
Good job , me waiting 2943 breaks to 2926 to if down to 2909/6 if possible to sit more . extremely time consuming days now with complex consolidation.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #362,622
  • Jan 11, 2011 1:14pm Jan 11, 2011 1:14pm
Quoting fontu
Good job , me waiting 2943 breaks to 2926 to if down to 2909/6 if possible to sit more . extremely time consuming days now with complex consolidation.
fontu

That 2942 has been my key level for days, Gator keeps harping on about it too, a big one for the week.

Volumes have still not returned to normal for the year yet, maybe another week or so before we get back to full strength again.

The market is still trying to give us that retrace, which makes it bouncy, bumpy and rangey at different levels, not easy to trade for the average noobie.

A retrace will be confirmed once we break 1.3007. I am still holding onto longs from an average of 2922
  • #362,623
  • Jan 11, 2011 1:15pm Jan 11, 2011 1:15pm
To senior members,

What is the learning point from this price action, except from staying away from the market and wait. Can this price action be predicted by some tool. I sometimes try using triangle to see that till what time it may go in consolidation BUT please teach more.

Thanks
Jill
  • #362,624
  • Jan 11, 2011 1:15pm Jan 11, 2011 1:15pm
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  • #362,625
  • Jan 11, 2011 1:18pm Jan 11, 2011 1:18pm
Quoting jillsaab
To senior members,

What is the learning point from this price action, except from staying away from the market and wait. Can this price action be predicted by some tool. I sometimes try using triangle to see that till what time it may go in consolidation BUT please teach more.

Thanks
Jill

Go read the thread by the poster right below you "redsword" and lookup Trade Price's thread. Just read both from beginning to end, it will give you a great introduction to Price action. As to tools, most if not all are lagging and rubbish.

If you want a solution in a can, covered in a quick post, you are sh!t outta luck, it doesn't exist. There is nothing you can beg/borrow/steal/buy or borrow that will make you succesful, it takes dedication, hard work and a good dose of common sense.
  • #362,626
  • Jan 11, 2011 1:19pm Jan 11, 2011 1:19pm
Bounce may come.

DJI lags a bit behind the pair.
They think they are smarter than I am.
  • #362,627
  • Jan 11, 2011 1:20pm Jan 11, 2011 1:20pm
Quoting Z3iz3i
Bounce may come.

DJI lags a bit behind the pair.

I didn't cover my short without at least a bit of reasoning.
  • #362,628
  • Jan 11, 2011 1:21pm Jan 11, 2011 1:21pm
Quoting cloggie
That 2942 has been my key level for days, Gator keeps harping on about it too, a big one for the week.

Volumes have still not returned to normal for the year yet, maybe another week or so before we get back to full strength again.

The market is still trying to give us that retrace, which makes it bouncy, bumpy and rangey at different levels, not easy to trade for the average noobie.

A retrace will be confirmed once we break 1.3007
No doubt . and consolidations are not for any good trading rather some scalping & give -take and may end total time loss till a good set up comes up. anyway for the sack of addiction that must trade everyday & at least can do taking gaurds on.
Wish happy trading for you and timely close also make it worth too .some up again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #362,629
  • Jan 11, 2011 1:22pm Jan 11, 2011 1:22pm
freaky thing just loves 1.30
  • #362,630
  • Jan 11, 2011 1:23pm Jan 11, 2011 1:23pm
Quoting fontu
No doubt . and consolidations are not for any good trading rather some scalping & give -take and may end total time loss till a good set up comes up. anyway for the sack of addiction that must trade everyday & at least can do taking gaurds on.
Wish happy trading for you and timely close also make it worth too .some up again .
fontu

Thanks Fontu, it has been a bit tricky in these last few days picking the right sort of trades, they are out there, one just needs to be patient.

Quoting fontu
timely close also make it worth too .some up again .
fontu
Nah, pure luck.
  • #362,631
  • Jan 11, 2011 1:24pm Jan 11, 2011 1:24pm
Quoting Ulterior
freaky thing just loves 1.30

We are retracing, nothing freaky about 1.30, only the first step.
  • #362,632
  • Jan 11, 2011 1:24pm Jan 11, 2011 1:24pm
Let's go 3000... I'm ready to see a re-trace... very cautious with my longs right now.
  • #362,633
  • Jan 11, 2011 1:24pm Jan 11, 2011 1:24pm
Quoting cloggie
I didn't cover my short without at least a bit of reasoning.
Yup
They think they are smarter than I am.
  • #362,634
  • Jan 11, 2011 1:32pm Jan 11, 2011 1:32pm
shorting that divergence for a few pips.
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  • #362,635
  • Jan 11, 2011 1:33pm Jan 11, 2011 1:33pm
dam it tempting itchy might
  • #362,636
  • Jan 11, 2011 1:40pm Jan 11, 2011 1:40pm
Quoting kill56
dam it tempting itchy might

Nah, not for me, that last trade was obvious. We are now entering the suckerszone.

I am finished for the day. 2970 will be the trigger for the NY afternoon. Don't go shorting this till it has been tested at least.

See y'all tomorrow.
  • #362,637
  • Jan 11, 2011 1:42pm Jan 11, 2011 1:42pm
Quoting Pumlitch
shorting that divergence for a few pips.
Attachment
Out at BE. Not very worthy.
Follow my trading on Twitter and FB: @pumlitch
  • #362,638
  • Jan 11, 2011 1:43pm Jan 11, 2011 1:43pm
Hmm. I'm not to sure if that last long add at 2948 was a good idea at this point in time.

We'll be back for the Asia to see where things set.

Just made a new high on the 1h... but barely.. I'll be much more confident once we get over 2991.
  • #362,639
  • Jan 11, 2011 1:43pm Jan 11, 2011 1:43pm
[quote=cloggie;4305064]Nah, not for me, that last trade was obvious. We are now entering the suckerszone.

I am finished for the day. 2970 will be the trigger for the NY afternoon. Don't go shorting this till it has been tested at least.

See y'all tomorrow.[/quote

enjoy later dam still tempting but it will be hell i know
  • #362,640
  • Jan 11, 2011 1:47pm Jan 11, 2011 1:47pm
so to fill the gap perhaps , inverted hs also there to try validation & break if possible ,lets see what intention.crazy market ! back to where starts !
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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