Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,781
- Edited 2:22pm Feb 26, 2011 2:05pm | Edited 2:22pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
- #396,782
- Feb 26, 2011 2:05pm Feb 26, 2011 2:05pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Which one?
lol...
I have come to believe that if I removed the 200EMA from my charting, it could conceivably create a financial vortex. Mountains would topple, Seas would boil, Dogs would befriend Cats in a way that only man and woman should come together...Basically the end of things as the Mayans are looking for next year...
I figure it like this, I best keep them on the chart, at least until after 12/12/12...from there, we will see...
dammmmm all the above cool
bro try J W +C F
- #396,783
- Feb 26, 2011 5:01pm Feb 26, 2011 5:01pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
....... get wrecked and laid - its weekend you crackheads
the trendlines and fibs will still be there when it opens
Red
- #396,784
- Feb 26, 2011 5:07pm Feb 26, 2011 5:07pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
classic shake out
this was done in London , not the lack of real energy to burst thru support but enough to lure all the bulls in
this was done in London , not the lack of real energy to burst thru support but enough to lure all the bulls in
so if you want to buy a car you will try and buy it at discount / on sale. Pros do the same in the markets always. The buyers will either step off the bid and let the market drop into a level that they think is discount. This is often done in low volume conditions such as asia
The other thing this will do is shake out all the longs and confuse the market.
here is the 60 min . The 1st blue line is start asia. the 2nd blue line start London. They have done this shake out style move in asia twice this week , both time meeting heavy buying at start...
Blogging daily now at www.volume.zone
- #396,785
- Feb 26, 2011 5:15pm Feb 26, 2011 5:15pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
classic shake out
this was done in London , not the lack of real energy to burst thru support but enough to lure all the bulls in
Izzat where you loaded the boat there Mal?
I thought I read that you weren't trading EU last week...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,786
- Feb 26, 2011 5:22pm Feb 26, 2011 5:22pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
no mag that was week before on that shake out. I did one trade eu this week 1.3680 long. that was it.
mostly on oil and es this week
mostly on oil and es this week
So, uhhhhhhhh....
Izzat where you loaded the boat there Mal?
I thought I read that you weren't trading EU last week...
Blogging daily now at www.volume.zone
- #396,787
- Feb 26, 2011 5:28pm Feb 26, 2011 5:28pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
no mag that was week before on that shake out. I did one trade eu this week 1.3680 long. that was it.
mostly on oil and es this week
Was thinking, if that was your position...perhaps adding a MACD to your setup might be of a little assistance.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,788
- Feb 26, 2011 6:10pm Feb 26, 2011 6:10pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
nice to see that USDX is correlated to euro mag ...
usdx is a basket of currencies , 53% weighted with euro ...
here you go mag ... grey dx (usdx) and main euro ... correlated most of time , that is why when we see a clear no demand on dx daily we can buy euro with 100% confidence it will go up
usdx is a basket of currencies , 53% weighted with euro ...
here you go mag ... grey dx (usdx) and main euro ... correlated most of time , that is why when we see a clear no demand on dx daily we can buy euro with 100% confidence it will go up
The strength of the Weekly LTL on USDX cannot be ignored as a possible continued line of support, and in comparison, neither can the UTL on EU...
The most correlated to USDX as of current is the Euro, easily seen if you throw a 200EMA on to both USDX chart and EU chart...the bounce is as clear as day....
Blogging daily now at www.volume.zone
- #396,789
- Feb 26, 2011 6:31pm Feb 26, 2011 6:31pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
usdx is a basket of currencies , 53% weighted with euro ...
Yeah dude...thus the reason for my posting the correlation, unlike the chart that wouldn't look even close on Cable or USD/JPY or USD/CAD...
A nice little tool when watching for crucial and critical trade levels for the EU pair. Being able to see where USDX will meet with resistance makes for some prime levels for loading the boat on EU...as well as the targeted areas for support can make for some prime exits. Note the previously posted EU and USDX M30 charts with the 200EMA...
Of course, one has to understand what support and resistance look like on a chart to be able to do this...
As far as market sureties go, I think you would probably still be holding your original positions if you truly believed this, so, spouting this 100% confidence thing really doesn't reinforce your point....
Your chart looks a lot more pretty then mine does, but also reaffirms what we could be seeing here...check out the trend lines there big guy...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,791
- Feb 26, 2011 6:41pm Feb 26, 2011 6:41pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Really Magix??? .... you really want me to debate weekly targets after you have been so wrong the last 2 weeks ?
why would anyone hold a position when we hit strong monthly resistance at 1,3850 area ? better to wait for low or high of week to show itself and trade for weekly range 300 pip
btw friday was a low volume down day. I am looking for a buy based on this in the 13680 area for 1.4
why would anyone hold a position when we hit strong monthly resistance at 1,3850 area ? better to wait for low or high of week to show itself and trade for weekly range 300 pip
btw friday was a low volume down day. I am looking for a buy based on this in the 13680 area for 1.4
GTFOH!!!!!!!!
Yeah dude...thus the reason for my posting the correlation, unlike the chart that wouldn't look even close on Cable or USD/JPY or USD/CAD...
A nice little tool when watching for crucial and critical trade levels for the EU pair....
Blogging daily now at www.volume.zone
- #396,792
- Feb 26, 2011 6:45pm Feb 26, 2011 6:45pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
not much buying yet off that major support ... very low volume on the up bar friday
Blogging daily now at www.volume.zone
- #396,793
- Feb 26, 2011 6:49pm Feb 26, 2011 6:49pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Really Magix??? .... you really want me to debate weekly targets after you have been so wrong the last 2 weeks ?
why would anyone hold a position when we hit strong monthly resistance at 1,3850 area ? better to wait for low or high of week to show itself and trade for weekly range 300 pip
btw friday was a low volume down day. I am looking for a buy based on this in the 13680 area for 1.4
Listen scuba...Alls I'm saying is that given the playable ranges, your beating your chest and showing hindsight charts really doesn't do anything...
K, so just so I got this straight...
You know we are heading to 3680 again, from there you are loading up for the run to 1.4 by the end of this week?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,794
- Feb 26, 2011 6:54pm Feb 26, 2011 6:54pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #396,797
- Feb 26, 2011 7:32pm Feb 26, 2011 7:32pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
Are we still in a downtrend?
Having trouble loading an image but it is a very simple trend line (which I am sure everyone is aware of, including myself, but unlike others I keep forgetting about it).
It is the weekly chart. I hardly ever look at weekly charts anymore. Daily is very important to me but then I stop, never looking at the weekly.
Looks like the line is right around my weekly R3 zone.
I was just wondering how many of you all look back that far ( not saying I do ) and draw trendlines.
Having trouble loading an image but it is a very simple trend line (which I am sure everyone is aware of, including myself, but unlike others I keep forgetting about it).
It is the weekly chart. I hardly ever look at weekly charts anymore. Daily is very important to me but then I stop, never looking at the weekly.
Looks like the line is right around my weekly R3 zone.
I was just wondering how many of you all look back that far ( not saying I do ) and draw trendlines.
- #396,798
- Feb 26, 2011 9:03pm Feb 26, 2011 9:03pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
- #396,799
- Edited 10:41pm Feb 26, 2011 9:46pm | Edited 10:41pm
- Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #396,800
- Feb 26, 2011 10:25pm Feb 26, 2011 10:25pm
- Joined Oct 2008 | Status: sideline is a position | 105,211 Posts
those who can, do. those who cant, talk about those who can