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  • #409,001
  • Mar 17, 2011 3:37pm Mar 17, 2011 3:37pm
Quoting Mr Hatch
not for me...
maybe vodka is not your drink...
Look Sharp/Trade Tight
  • #409,002
  • Mar 17, 2011 3:38pm Mar 17, 2011 3:38pm
Quoting FibbinArchie
wouldn't be surprised to see tokyo spike the high then drive it back down to retest the bottom of the range, I estimate that we have more range play over the coming days, 200 pip range high only violated by 10% so far...

Could be wwwrong, let's see...
Monthly range is overextended (but is monthly so plenty of time and space), weekly range is in first attempt to enter in trending mode up but is Friday tomorrow. Daily is in exhaustion mode but is making a fresh break on Resistance. H4 is in healthy trend mode with a large bar holding inside bars to chop around, consolidate overnight and attempt a break up.

In my books, If there is a rejection on daily swing high / weekly and daily R / and weekly highs (all at 1.403x/1402x) tomorrow there is no range but a deep push down. If there is a further break, it will be a large exhaustion move and there I agree on a 200 pips range between 1.418x / 1.400x ...

Doesn't matter if wrong or right, just exchanging TA scenarios while we wait for the close...lol

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #409,003
  • Mar 17, 2011 3:38pm Mar 17, 2011 3:38pm
Quoting Cluelus
Hi Kill.
I know how to do the rectangle, but what I dont know is what level to put it at and how log it should be?
Sorry to bother you like this.

u put it on fib or mm or S/R levels u can download them from the Gy if u dont have them

added one more chart
  • #409,004
  • Mar 17, 2011 3:40pm Mar 17, 2011 3:40pm
Quoting PayTheLimit
maybe vodka is not your drink...
it was something completely different that pushed me over the edge from feeling well to becoming ill. i drank the bottle over an evening, when I successfully quit smoking... was drunk like hell and went to bed. the next morning, my wife entered the stage and said, she needed to wash a wool-cover that was stashed in a small cupboard. that cover was filled with the stench of nicotine that entered my nostrils... *shudder* that did it
  • #409,005
  • Mar 17, 2011 3:44pm Mar 17, 2011 3:44pm
Quoting Mr Hatch
when I successfully quit smoking...
have you stayed off the smokes still?
Look Sharp/Trade Tight
  • #409,006
  • Mar 17, 2011 3:44pm Mar 17, 2011 3:44pm
Quoting sisse
Monthly range is overextended (but is monthly so plenty of time and space), weekly range is in first attempt to enter in trending mode up but is Friday tomorrow. Daily is in exhaustion mode but is making a fresh break on Resistance. H4 is in healthy trend mode with a large bar holding inside bars to chop around, consolidate overnight and attempt a break up.

In my books, If there is a rejection on daily swing high / weekly and daily R / and weekly highs (all at 1.403x/1402x) tomorrow there is no range but a deep push down....
your nickname isn't Murray, by coincidence?
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  • #409,007
  • Mar 17, 2011 3:46pm Mar 17, 2011 3:46pm
Quoting PayTheLimit
have you stayed off the smokes still?
no, it's the pipe sice then.
  • #409,008
  • Mar 17, 2011 3:47pm Mar 17, 2011 3:47pm
Quoting Mr Hatch
no, it's the pipe sice then.
how is the pipe, do you smoke less?
Look Sharp/Trade Tight
  • #409,009
  • Mar 17, 2011 3:50pm Mar 17, 2011 3:50pm
Quoting PayTheLimit
how is the pipe, do you smoke less?
a lot less, between 5 to 7 pipes, depending on the tobacco I use.
it used to 50 cigarettes a day...
  • #409,010
  • Mar 17, 2011 3:52pm Mar 17, 2011 3:52pm
Quoting sisse
Monthly range is overextended (but is monthly so plenty of time and space), weekly range is in first attempt to enter in trending mode up but is Friday tomorrow. Daily is in exhaustion mode but is making a fresh break on Resistance. H4 is in healthy trend mode with a large bar holding inside bars to chop around, consolidate overnight and attempt a break up.

In my books, If there is a rejection on daily swing high / weekly and daily R / and weekly highs (all at 1.403x/1402x) tomorrow there is no range but a deep push down....
not even sure that my hypothesis is based on solid TA, really just on what I remember from the Oct range, similar levels, and leading up to the coming March 24th-25th EU summit, which is expected to ratify near doubling the EZ bailout fund.

However, you may well be right, the range may well move up with new support being established around 399x (remains to be seen), then a 200 pip range would leave us within shakeout/spiking distance of Nov high and major long term descending trendline...

Would be handy if Malcolm dropped in to offer some observations on possible accumulation/distribution patterns...
  • #409,011
  • Mar 17, 2011 3:52pm Mar 17, 2011 3:52pm
Quoting Mr Hatch
your nickname isn't Murray, by coincidence?
Hey Hatch,

What settings do you use for your MML? I am still mixed on them, and I have seen them work wonders, but I also see them get blown through just as much.

Plus, charts get really cluttered with pivots and MM all over them, lol. Still experimenting but it's all good.
  • #409,012
  • Mar 17, 2011 3:53pm Mar 17, 2011 3:53pm
Quoting Mr Hatch
your nickname isn't Murray, by coincidence?

lol am i high or i see more than one chart
  • #409,013
  • Mar 17, 2011 3:54pm Mar 17, 2011 3:54pm
Quoting Venice
Hey Hatch,

What settings do you use for your MML? I am still mixed on them, and I have seen them work wonders, but I also see them get blown through just as much.

Plus, charts get really cluttered with pivots and MM all over them, lol. Still experimenting but it's all good.
I stay with 64. I have it on a single chart together with only weekly and monthly pivots. that way, this chart stays relatively clean. I just glance at it.
  • #409,014
  • Mar 17, 2011 3:55pm Mar 17, 2011 3:55pm
Quoting Mr Hatch
a lot less, between 5 to 7 pipes, depending on the tobacco I use.
it used to 50 cigarettes a day...
I am at about 25 a day, trying to cut back. I was just telling sisse the other day, sitting behind this computer 12hrs a day I am getting quite out of shape. Will have to try harder to get some exercise, lay off the smokes and booze, eat better, lol, I've been saying that for at least 10 years now, lol...
Look Sharp/Trade Tight
  • #409,015
  • Mar 17, 2011 3:55pm Mar 17, 2011 3:55pm
Quoting kill56
lol am i high or i see more than one chart
both?
  • #409,016
  • Mar 17, 2011 3:56pm Mar 17, 2011 3:56pm
Quoting PayTheLimit
I am at about 25 a day, trying to cut back. I was just telling sisse the other day, sitting behind this computer 12hrs a day I am getting quite out of shape. Will have to try harder to get some exercise, lay off the smokes and booze, eat better, lol, I've been saying that for at least 10 years now, lol...
Damn mate... I think I would puke after that many cigs... though I have never had a taste for them.
  • #409,017
  • Mar 17, 2011 3:57pm Mar 17, 2011 3:57pm
Quoting PayTheLimit
I am at about 25 a day, trying to cut back. I was just telling sisse the other day, sitting behind this computer 12hrs a day I am getting quite out of shape. Will have to try harder to get some exercise, lay off the smokes and booze, eat better, lol, I've been saying that for at least 10 years now, lol...
when you quit smoking, you'll get kind of hyper-active and... erm, sexually demanding... that's what my wife said. well, I started smoking again, so this advantage got lost.
  • #409,018
  • Mar 17, 2011 3:58pm Mar 17, 2011 3:58pm
Quoting Mr Hatch
your nickname isn't Murray, by coincidence?
lol. nice charts but no Murray can beat naked eye S/R levels and especially above H4.

Fibs have a fundamental problem that is not in the numbers or retraces but in the subjectivity of choosing the right swing. Murray try to avoid that problem using and objective base period (the high low of 64 bars if I am remember right...although it has been prostituted by retail using other random numbers to curve fit the indicator) based on some GANN and math and geometrical ideas. 64 or whatever is usually a very decent number to catch a large swing that why "it works" as a reference but not necessarily for trading as you know. None of them will be able to plot the best lines as moves and waves are not homogeneous in length and width.

IMHO, you will be better off going back to basic Dow theory in a objective range for reference (i.e daily range or whatever).... just my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #409,019
  • Mar 17, 2011 3:58pm Mar 17, 2011 3:58pm
Quoting Mr Hatch
when you quit smoking, you'll get kind of hyper-active and... erm, sexually demanding... that's what my wife said. well, I started smoking again, so this advantage got lost.
lol, I'll have to mention that to my wife, she might just tell me to keep smoking..lol
Look Sharp/Trade Tight
  • #409,020
  • Mar 17, 2011 3:59pm Mar 17, 2011 3:59pm
Quoting PayTheLimit
lol, I'll have to mention that to my wife, she might just tell me to keep smoking..lol
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