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EURUSD

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#470,001
Jun 22, 2011 11:12pm Jun 22, 2011 11:12pm

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting darimik

Disliked

I am looking at 43387.. close enough I guess. I expect a min bounce there, as I didnt get a proper close below 4298

Ignored

what up bro? how ya playing it from here...

Look Sharp/Trade Tight

#470,002
Jun 22, 2011 11:15pm Jun 22, 2011 11:15pm

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting Magix

Disliked

A chart that might be worthy of a ponder...

I have always measured moves by means of a moving average cross, and typically watch for the 100 pip magic number. Given yesterdays weak movement, we have exceeded this by only a mere 20 pips and just happened to happen during the no session-Chino cross over...

Now, when we see one of these as well as a directional shift, long chart to short chart, which I measure by another EMA...we typically see a retest of the daily trend EMA to see if it was a bullshit shake on the weaks or gives the other sessions...

Ignored

Hi Magix,

thanks for that lesson :-)

Since your resistance area happens to be the area of the preceding wave 4's, I would look too primarily to this area to stop the price.

After that 4362 as 50% fib retr., 4381 as 661.8 retr. and 4408 as 78.6 retr.

The heart of the wave 3 down is coincidentally around the 50% retr., spells "good target".

DPP at 4370

A retest of the broken upsloping trendline may lead us to around 4412, which in fact is an important supply zone.

A further supply zone between 4320 to 4360 with heavy supply located around 4340

#470,003
Jun 22, 2011 11:16pm Jun 22, 2011 11:16pm

darimik
| Joined Jul 2009 | Status: yo | 3,577 Posts

Quoting PayTheLimit

Disliked

what up bro? how ya playing it from here...

Ignored

Hi PTL, I noticed that our levels seem to match fairly close... lol i have many though. just trying them

I have half a short left. I just unloaded and set pending shorts at 4338 and 4370.

how are you doing ? doing any trading this week?

#470,004
Jun 22, 2011 11:18pm Jun 22, 2011 11:18pm

2+2=4ex
Joined Mar 2009 | Status: Trader | 6,418 Posts

gator, if you don't mind me asking, where do you get your price feeds from?

#470,005
Jun 22, 2011 11:18pm Jun 22, 2011 11:18pm

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting darimik

Disliked

Hi PTL, I noticed that our levels seem to match fairly close... lol

I have half a short left. I just unloaded and set pending shorts at 4338 and 4370.

how are you doing ? doing any trading this week?

Ignored

flat right now, think we are near some important support, might look for a long scalp, or a sell for the mid 4000's on a break...

Look Sharp/Trade Tight

#470,006
Jun 22, 2011 11:22pm Jun 22, 2011 11:22pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting attila

Disliked

here's where I lose you gat. why does the pa point higher? I see nothing (pa wise) on my chart, except support right around here.

Ignored

when you lose a little momentum you always bounce to recover it. the the ones who missed the move can jump on. and the ones whose ass is sucking the fake leather up there ass get out (wrong side)... with a sell. nobody's selling the bottom atm.. i don't doubt bulls come back at 420x either for a higher push.

those who can, do. those who cant, talk about those who can

#470,007
Jun 22, 2011 11:24pm Jun 22, 2011 11:24pm

Robot
| Joined May 2009 | Status: 10% a month guy | 616 Posts

sorry guys but this is the time the U.S economy is going to get better from here... mark my word

Eur is going straight to hell!!!!!!!!!!!!!!!!!!!!!!

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#470,008
Jun 22, 2011 11:25pm Jun 22, 2011 11:25pm

PayTheLimit
Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts

Quoting gatorinla

Disliked

.. lets c how it plays out. mofus can reject an entire move, and often do..

Ignored

I'd like to see a better bear candle by month end, that could put the breaks on the bull camp for a while and open the door to a test of unch on the year...

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Look Sharp/Trade Tight

#470,009
Jun 22, 2011 11:25pm Jun 22, 2011 11:25pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting attila

Disliked

here's where I lose you gat. why does the pa point higher? I see nothing (pa wise) on my chart, except support right around here.

Ignored

those who can, do. those who cant, talk about those who can

#470,010
Jun 22, 2011 11:26pm Jun 22, 2011 11:26pm

attila
| Membership Revoked | Joined Mar 2009 | 16,693 Posts

Quoting gatorinla

Disliked

when you lose a little momentum you always bounce to recover it. the the ones who missed the move can jump on. and the ones whose ass is sucking the fake leather up there ass get out (wrong side)... with a sell. nobody's selling the bottom atm.. i don't doubt bulls come back at 420x either for a higher push.

Ignored

makes sense. thanks.

#470,011
Jun 22, 2011 11:27pm Jun 22, 2011 11:27pm

matheszabi
Joined Sep 2009 | Status: Trader | 1,027 Posts

http://img695.imageshack.us/img695/7569/jun23.png

Uploaded with ImageShack.us

This is the chart for this week,
If I switch to the 1h chart, the uptrend it seems it is near to end.
The last Asia session made a retracement or a trendchange?

On the higher timeframes the EMA seems to be horizontaly

I want to buy PATIENCE

#470,012
Jun 22, 2011 11:29pm Jun 22, 2011 11:29pm

Robot
| Joined May 2009 | Status: 10% a month guy | 616 Posts

the real monster

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#470,013
Jun 22, 2011 11:29pm Jun 22, 2011 11:29pm

infinitus
Joined Jun 2010 | Status: zero | 20,603 Posts

Quoting gatorinla

Disliked

when you lose a little momentum you always bounce to recover it. the the ones who missed the move can jump on. and the ones whose ass is sucking the fake leather up there ass get out (wrong side)... with a sell. nobody's selling the bottom atm.. i don't doubt bulls come back at 420x either for a higher push.

Ignored

That is the point why it is contra-productive to trade naked (without indis).

One needs to watch momentum........

#470,014
Jun 22, 2011 11:31pm Jun 22, 2011 11:31pm

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting attila

Disliked

makes sense. thanks.

Ignored

mid in the day body is 4335.. its up to 4311...

those who can, do. those who cant, talk about those who can

#470,015
Jun 22, 2011 11:38pm Jun 22, 2011 11:38pm

Takira101
| Joined Nov 2010 | Status: Trader | 1 Post

Hello from Japan!
I have been reading you guys on this forum for a little bit.
Think I will join in!

#470,016
Jun 22, 2011 11:38pm Jun 22, 2011 11:38pm

OldQuant
| Joined Jan 2011 | Status: Trader | 2,078 Posts

Quoting Magix

Disliked

A chart that might be worthy of a ponder...

Ignored

I took a closer look at your chart, and wanted to show how effectively close mine is.

This is the top of the move we're still in (times are CT for reasons that go beyond understanding). The dark blue nearly horizontal is the roll line: if prices cross it, it's a trade, *subject to* the slope of one of the triggers. Which one is basically a decision on the speed of the price move towards the roll line; in this case, it used the light blue one, so it took the short at about 98 just after 13:30, and that was that. Recrosses are "unconfirmed", because the trigger's slope remains down, and the rate of approach enters in as well. Those are just tricks to keep down the number of spurious trades.

Your cross looks to be about 04, so you would have front run me by about 6 ticks.

This is the reason why I always smile when people dump on ema-based following strategies. From the math and the staged position, the expected value of a trade is about 60% of the ticks from one crossing event to the next along the roll (again, think 12 h ema) *on the whole standard size*. So, yeah, there's lags. Yeah, there's no real regard to chart patterns. But, right now, there's better than an effective (ie, equivalent to a full size, 'one trade', no staging-in) 60 ticks baked in to this position, and more the longer it goes until starting up.

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