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  • #434,381
  • May 3, 2011 4:58pm May 3, 2011 4:58pm
Quoting kill56
look whos talking learn from best we are in the same path lol they add up bro

20-50 pips a go, 10-20 times a day sure adds up. Einstein called compounding the eight wonder of the world, he was not wrong.
  • #434,382
  • May 3, 2011 4:58pm May 3, 2011 4:58pm
Quoting gordonfx
didn't mean to suggest your wrong just need more confirmation than the candlestick pattern,,,since it is only right 52 % of the time,,,kinda like getting a second opinion lol
totally agree...nothing is for sure....just educate yourself.....know what to look for....watch how it develops and trade accordingly.

nice chatting.....
I don't trust any move - when you have profit...take it.
  • #434,383
  • May 3, 2011 5:04pm May 3, 2011 5:04pm
Quoting Faller
the chart I posted was for the dollar index.....the opposite pretty much of the Euro as it is weighted at 50% to the dollar index....and yes after I read you posted one more time....I see we are looking at different things.....bearish tri star on the Euro.....bullish on the dollar index.....maybe we agree now/
hey that's a good thing nice to have some pleasant discussion on the thread ....sorry didn't know you where looking at the dx. lol
  • #434,384
  • May 3, 2011 5:05pm May 3, 2011 5:05pm
will m15 ema 200 still holding with the little guys out of the game tonight it might be slow till chino gets in , a break is needed lets see
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  • #434,385
  • May 3, 2011 5:06pm May 3, 2011 5:06pm
Mild broadening formation in hourly chart view ...



;-|
Attached Image (click to enlarge)
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #434,386
  • May 3, 2011 5:06pm May 3, 2011 5:06pm
Quoting Faller
totally agree...nothing is for sure....just educate yourself.....know what to look for....watch how it develops and trade accordingly.

nice chatting.....
same here
  • #434,387
  • May 3, 2011 5:13pm May 3, 2011 5:13pm
Quoting prezd
I'm eyeblalling Asia's open, last 3 days they dived 50p
and then recover higher.

H1 is starting to look like a wedge,
perhaps a 4757 later in asia.

IF, and I mean IF it is going to drop we are looking at 4770. Right now we are still consolidating and firming up the pattern. Eyes on 4816. 4770 will open the way to 4716. There will not be a straight run, there are rules that will need to be followed for us to get there.

The glue right now is 4822, that will need a momentum bar to give us the direction so the bots can get their teeth in it. With TY closed we are driven by the HFT's and you need to start thinking how they trade. The problem with the downmove is not just 4822, but we have 4812 right below it. Loads of hurdles so don't go anticipating a trade, just trade the reaction.

Am I short biased right now, no. I will trade what the market gives me and will give it time to complete the pattern here. This will need at least another hour before we get a tradeable move. I have levels and rules laid out for a move up and will happily trade that if it materialises. Right now I am flat and enjoying a bit of light entertainment on TV having enjoyed the footy earlier.
  • #434,388
  • May 3, 2011 5:19pm May 3, 2011 5:19pm
Quoting mercy seat
Mild broadening formation in hourly chart view ...
I know he won't be replying to me...and I know it won't change the point he is making, but...

I wonder why upper trendline drawn off wicks...and bottom off bodies? Just curious.
  • #434,389
  • May 3, 2011 5:20pm May 3, 2011 5:20pm
Quoting kenfen69

I wonder why upper trendline drawn off wicks...and bottom off bodies? Just curious.

Because he has a split personality and he can't agree with himself?
  • #434,390
  • May 3, 2011 5:21pm May 3, 2011 5:21pm
Quoting cloggie
we have 4812 right below it. Loads of hurdles so don't go anticipating a trade, just trade the reaction.
i saw that 4810/12 bastard.
i know, trade the breakout. still i often embrace fake-outs.

no risk aversion yet?
they're yelling iminent terrorist attack,
but slv&gold still dropping.
what's that slv 3rd rate hike about ? they want higher fees for trading it ?
  • #434,391
  • May 3, 2011 5:22pm May 3, 2011 5:22pm
Since most markets are closed.

2 day chart.

1. Big resistance area on the charts *1.49-1.51 Huge supply zone.
2. Just like the other 2 red circle. Currently 500 pips above 20day EMA
3. RSI 76
4. NFP coming this week. The well known event that blows away accounts all over the world from North Pole to South Pole so better close position while you can. Since most of the people will not listen. At list reduce the leverage
5. I don't think interest rates in US are going to be raised this year but all JOBS reports will be extremly important since all FED policy is about Jobs not Inflation. A good NFP will be very good for the USD. a bad number on Friday will hit the dollar.
6. Also going back to the chart much of the Fundamental information is already priced in.
7. EUX is also on a big resistance.

I wish you all good trades.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #434,392
  • May 3, 2011 5:24pm May 3, 2011 5:24pm
Nice post Cloggie.....

trading the euro futures here and there is a spread between forex and my futures.....15 pips or so.....forex currently at 1.4820 my futures are at 1.4804....that being said I have a level of 1.4753 on my futures chart which comes in pretty much the same as what you are talk of.

I am taking this opportunity to reply in kind to your well written post.....as for the other night and what you said to me and how you trashed me....I will look past that......let's keep it civil here.

Cheers.

Quoting cloggie
IF, and I mean IF it is going to drop we are looking at 4770. Right now...
I don't trust any move - when you have profit...take it.
  • #434,393
  • May 3, 2011 5:24pm May 3, 2011 5:24pm
Quoting cloggie
Because he has a split personality and he can't agree with himself?
Hmmmm...possible.
  • #434,394
  • May 3, 2011 5:27pm May 3, 2011 5:27pm
Short @ 1.4820 - TP 1.4775:
Attached Image
  • #434,395
  • May 3, 2011 5:31pm May 3, 2011 5:31pm
Quoting johnnyrei
Short @ 1.4820 - TP 1.4775:

why not wait for compression to pop ?
  • #434,396
  • May 3, 2011 5:32pm May 3, 2011 5:32pm
Quoting prezd
why not wait for compression to pop ?
Oil...
  • #434,397
  • May 3, 2011 5:34pm May 3, 2011 5:34pm
Quoting johnnyrei
Oil...

Gold - Silver & Oil are dropping like rocks right now.....I agree with your thinking....Silver just lost 1 dollar on a 15 minute bar......more to come?
I don't trust any move - when you have profit...take it.
  • #434,398
  • May 3, 2011 5:35pm May 3, 2011 5:35pm
Quoting cloggie

The glue right now is 4822.

Isn't she beautiful.
  • #434,399
  • May 3, 2011 5:37pm May 3, 2011 5:37pm
Quoting cloggie
Isn't she beautiful.
stick tack is coming loose off the wall......there is some weight there...
I don't trust any move - when you have profit...take it.
  • #434,400
  • May 3, 2011 5:38pm May 3, 2011 5:38pm
If this is a crab, then down we go. The ratios looks right.
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