Weakness in context of recent hours, i.e. not ready to long rather than thinking of shorts. Of course, it doesn't help when price jumps 20-30 pips immediately after such a post!
- #13,822
- Feb 23, 2011 4:54am Feb 23, 2011 4:54am
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
- #13,823
- Feb 23, 2011 4:56am Feb 23, 2011 4:56am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,825
- Feb 23, 2011 5:00am Feb 23, 2011 5:00am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,826
- Feb 23, 2011 5:06am Feb 23, 2011 5:06am
- Joined Jun 2010 | Status: Trader | 1,509 Posts
I think the same that there is no clear sign of weakness yet. Will hold my long.
Edit: And H4 seems to give us ns in 20 min.
- #13,828
- Feb 23, 2011 5:13am Feb 23, 2011 5:13am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,830
- Feb 23, 2011 5:26am Feb 23, 2011 5:26am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,831
- Feb 23, 2011 5:30am Feb 23, 2011 5:30am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
3800 today seems very possible, 3800 puts it right around its atr, if it can chop through the resistance and fib at 3743 then 3800 seems likely. especially if it can stay above R1 at 3725. im long at 3719 now. not the best entry but hopefully the push up starts now and not later 
- #13,832
- Feb 23, 2011 5:30am Feb 23, 2011 5:30am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
duyk spotted weakness, so potentially wanted to short.
why so offensive?
I just metioned it for anyone interest
I din't short and it's a wise choice. Thax you, Dr. What's your take on current circumstance. Seem like effort to rise.
- #13,833
- Feb 23, 2011 5:31am Feb 23, 2011 5:31am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
as i said 150 pip based on 3650. 3750 should open doors based on buystop triggering.
3800 today seems very possible, 3800 puts it right around its atr, if it can chop through the resistance and fib at 3743 then 3800 seems likely. especially if it can stay above R1 at 3725. im long at 3719 now. not the best entry but hopefully the push up starts now and not later
- #13,834
- Feb 23, 2011 5:38am Feb 23, 2011 5:38am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
bullflag
anyone know why?
thanks
chop suey...
the pa during the asian shark session and euro so far still keeps me very comfortable with my upside view of 3800 during the next 3 sessions
we still have room to hit 1.3800 within today
- #13,835
- Feb 23, 2011 5:40am Feb 23, 2011 5:40am
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
as i said 150 pip based on 3650. 3750 should open doors based on buystop triggering.
wonder if its going to smash straight through 3743 or pull back from it on first attempt. there is also trendline at 3747 perhaps needs ny to help it up there. although if we can manage it in the next hour and half, maybe even a break of 3800 is possible in ny. im gonna TP at 3800 as soon as i see what looks like selling volume though.
i think over next days perhaps 3800, then test 3745-50 then possibly up towards 3850, over and test 3850, then on to 4000 once it tests 3850 as not much resistance left after 3850. as long as geppynius and malc keep their big buy orders holding up the market we should be ok
- #13,838
- Feb 23, 2011 6:35am Feb 23, 2011 6:35am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
http://img683.imageshack.us/img683/6...0223133259.png
3rd in a row or not?
3rd in a row or not?
All those bull flags seem to fail lately.
- #13,839
- Feb 23, 2011 6:38am Feb 23, 2011 6:38am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,840
- Feb 23, 2011 6:50am Feb 23, 2011 6:50am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!