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  • #433,621
  • May 3, 2011 3:37am May 3, 2011 3:37am
Quoting prashant7
they are the key levels for intraday ' and price can turn north by touching these levels ' that was my point ' any ways we will see how it reacts to these levels ? but looking at the daily and h4 charts i think one more rejection is needed to retrace deeper ' what do you feel '
I see. Sorry misunderstood you there, I thought you were talking about the big ones.
Erm, can you please throw up a chart to illustrate what you mean by looking at the daily & the H4, because I don't know what you are looking at
Thank You
  • #433,622
  • May 3, 2011 3:38am May 3, 2011 3:38am
waiting to see how 4797 would behave before loading longs.
  • #433,623
  • May 3, 2011 3:42am May 3, 2011 3:42am
Quoting wormboy
that stop is smack in the firing line imo ... but good luck !
thanks... I got lucky as I was away from my computer, so didnt watch the move down at all. now it became a nice wick on M30, so I will hold this for a bit longer. still in a range

however, in my opinion that move down could be incomplete with a target of 4704. I will watch 4835 if/when we get there. now I have to see if 4800 and 4820 are respected. these could be great entry points for me.

Attached Image (click to enlarge)
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  • #433,624
  • May 3, 2011 3:44am May 3, 2011 3:44am
Quoting PayTheLimit
Didn't know the muppets where such a force...lol
They were here and cloggie made it known... wish the ignore button worked
  • #433,625
  • May 3, 2011 3:45am May 3, 2011 3:45am
Quoting Kole106
Regarding the stop at 1,4760 I mentioned.

Here is how it is played.

When traders are close to their custy book stops they will push to collect stops (cheep money). Mkt will move 10-15 pips below stops and then they start pushing mkt in opposite direction. You can aim for 20-30 pips.
On a 4hourly buddy the fakey can be lot more .

It is really a case of knowing that nothing major has changed.

Even if we were to test the 4715 area that on 4 hour chart still looks like it wasnt test .
I still respect Rattyo view that the hourly pin did test while the leg was forming .
But its still i level too keep in mind.

Personally even when trading small timeframes check the daily chart to keep the move in prespective .or at least 4hourly .
This move looks massive on 5 minute ,looks like a blip on 4hr .

The biggest retrace was 300ish pips helped by the downgrade by s&p to america .
For now a short that goes against you get out quick,we dont know were the top is.
But nothing says were near it yet.
making green pips large and red pips small this is my goal.
  • #433,626
  • May 3, 2011 3:48am May 3, 2011 3:48am
Quoting paul1
Another raise in silver margin for today .

The to big to fails are certainly trying to put pressure on to protect there short position ,I'd say watch for fireworks if it gets through $50
May push lower I have some positions well below that I will take some at 49
  • #433,627
  • May 3, 2011 3:53am May 3, 2011 3:53am
Quoting darimik
thanks... I got lucky as I was away from my computer, so didnt watch the move down at all. now it became a nice wick on M30, so I will hold this for a bit longer. still in a range

however, in my opinion that move down could be incomplete with a target of 4704. I will watch 4835 if/when we get there. now I have to see if 4800 and 4820 are respected. these could be great entry points for me.
Nicely done
Keep an eye on the gbp as well, the eu turn had a lot to do with it tanking.

Good luck!
Thank You
  • #433,628
  • May 3, 2011 3:55am May 3, 2011 3:55am
may retests low from at 4804 or around again before any bounce. take care .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #433,629
  • May 3, 2011 3:55am May 3, 2011 3:55am
Quoting Mr. Freeweed
May push lower I have some positions well below that I will take some at 49
Thank you for the heads up pual1. I appreciate it.
  • #433,630
  • May 3, 2011 3:56am May 3, 2011 3:56am
Quoting paul1

Personally even when trading small timeframes check the daily chart to keep the move in prespective
indeed...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 12 KB
Look Sharp/Trade Tight
  • #433,631
  • May 3, 2011 4:02am May 3, 2011 4:02am
I hate this stupid range, 2 stops taken out, and reverses 4 pips below .... i'm not going to trade until we clearly break on either side...
  • #433,632
  • May 3, 2011 4:06am May 3, 2011 4:06am
Quoting wormboy
I see. Sorry misunderstood you there, I thought you were talking about the big ones.
Erm, can you please throw up a chart to illustrate what you mean by looking at the daily & the H4, because I don't know what you are looking at

As i say one more rejection is needed ' here is the chart and the levels are 710 is not tested yet so we may get there' but for this to happen a rejection of h4 and daily is needed ' check it out
Attached Image (click to enlarge)
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finding A M S
  • #433,633
  • May 3, 2011 4:06am May 3, 2011 4:06am
Quoting jsg007
I hate this stupid range, 2 stops taken out, and reverses 4 pips below .... i'm not going to trade until we clearly break on either side...
or you can trade the range until it clearly breaks on 1 side
  • #433,634
  • May 3, 2011 4:08am May 3, 2011 4:08am
Lets hope this is the end of that mini run up
Attached Image (click to enlarge)
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  • #433,635
  • May 3, 2011 4:09am May 3, 2011 4:09am
Quoting jsg007
I hate this stupid range, 2 stops taken out, and reverses 4 pips below .... i'm not going to trade until we clearly break on either side...
Thats a great decision I think . yes you can take uncertainities into uncertain cash at times doing uncertain works but this uncertainities will eventually down you for sure if not so expert with trading in such situation with every money management in hand & using .

take a rest then & watch if all done & more clearer sky at least apparent .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #433,636
  • May 3, 2011 4:12am May 3, 2011 4:12am
Quoting skris
Lets hope this is the end of that mini run up
Hope will kill you in this game. Trade what you see; if you don't see it, don't trade it. (I keep reminding myself this too)
Trends, breakouts, price action.
  • #433,637
  • May 3, 2011 4:13am May 3, 2011 4:13am
I think this last dip was the support area... so maybe its going to go up until found resistance again..
To Your Success!!
  • #433,638
  • May 3, 2011 4:15am May 3, 2011 4:15am
well, its easy to find out really. depending on where it finds resistance, we can come up with conclusions if it will continue up or down.

If it wants to go down, there should be lower highs. Simple as that. If we see that then we can be downward bias.
  • #433,639
  • May 3, 2011 4:18am May 3, 2011 4:18am
Why so many fake outs? damn i lost today.
  • #433,640
  • May 3, 2011 4:22am May 3, 2011 4:22am
Quoting skris
Lets hope this is the end of that mini run up
may be but not know why & how do you see it with this picture , not whole but a part of the whole ,it itself is bull if not failedd allegedly most probable at top only .just checking it , otherwise anything can happen at this time now-a-days .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
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