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  • #478,101
  • Jul 1, 2011 8:46am Jul 1, 2011 8:46am
Quoting sisse
smart ...looking good by the minute mate and as long as there isn't out of mean report your targets look healthy ....good luck

sisse
thanks brother...
Look Sharp/Trade Tight
  • #478,102
  • Jul 1, 2011 8:47am Jul 1, 2011 8:47am
Quoting raj23
100 SMA on 30 min chart still intact. may be we get to know the trend in another 15 min.
I can tell you the trend, don't have to wait 15 minutes.
Don't get mad, get even!
  • #478,103
  • Jul 1, 2011 8:48am Jul 1, 2011 8:48am
strong ISM can take us to 4399 faster
  • #478,104
  • Jul 1, 2011 8:49am Jul 1, 2011 8:49am
Quoting PhAnTi'
doh as Humor uses to say it.
doh as Humor uses to say it
looking for investors . pm me
  • #478,105
  • Jul 1, 2011 8:49am Jul 1, 2011 8:49am
buyers here.... watching.
  • #478,106
  • Jul 1, 2011 8:50am Jul 1, 2011 8:50am
Quoting PhAnTi'
here we go
H4 close below 0.903x opens a chance for shorts there but plenty of S ahead...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #478,107
  • Jul 1, 2011 8:51am Jul 1, 2011 8:51am
watta heck. long... tight s/l
  • #478,108
  • Jul 1, 2011 8:51am Jul 1, 2011 8:51am
Quoting ttal
strong ISM can take us to 4399 faster
there is University of Michigan Confidence data 5 min earlier.
  • #478,109
  • Jul 1, 2011 8:51am Jul 1, 2011 8:51am
strange, i'm getting a buy feeling 4th July and all that
Disclaimer: Check your 1m charts
  • #478,110
  • Jul 1, 2011 8:52am Jul 1, 2011 8:52am
It's the 4455 we argued about yesterday that seams to have brought over some significance inter-month so it's still an important level.
It's the 50% fib retracement someone said doesn't exist.
Don't get mad, get even!
  • #478,111
  • Jul 1, 2011 8:52am Jul 1, 2011 8:52am
Quoting IMARICH1
Attila,

Thanks. But, I longed when we were ranging between 96 and 78....we finally broke the 96 level on a momentum bar on 5 min chart about an hour ago and closed above 96 so thats what gave me a signal to LONG....why was that wrong?....thanks, appreciate your time.....

I am targetting Gators number of 4444 right now as this is the bottom of my LTL on my fork....not sure if we get lower today.....where is Short entry going to be and TP.
Hey dude,

I think I see what you're doing but I guess I'm not sharing the "psychology".
Cloggs/Attilla have clued you into getting a feel for some levels. The initial instinct would be to use them as Breakout points.

Initially this would be correct. But I think you would have to combine this with higher timeframe views. Eg. I have the 5M and 1M next to a second chart that I switch 30M / 15M.

The levels you are looking at on 5M are weaker than the ones on a higher timeframe. So Attilla has given you 36. I can see that much more clearly on 15M than on the 5M....

So just because you had 06, 99/97 broken doesn't mean a SHORT is in play. Again.... this depends on your style. If Gators 4444 is where you see it, then really you would have entered when 4537 was rejected. Otherwise, you're following 20-40 pip scalps which you have to get in at top/bottom to really maximise less spread - that's too risky for me.

Instead, what Cloggs has alluded to before are clusters of IF-THEN....
Since we're in an area where PA is going sideways - too many IF THENS - I would suggest not trading. Once a direction has been chosen on a higher time frame, the 5M is easier to decide on.

Eg. Daily = UP, 4H = UP BUT RETRACE, 15M = ranging (4545 and 4466)

5M = down but scalpers range (20 pip moves less spread).
Since 15M is ranging, you're effectively going to be forced to pick tops and bottoms of these 20 range moves.

Hence why you got whipsawed when 97 got crossed.
As Clogs suggests, wait for full confirmation of a direction.
That trade he took short (see his chart) is a scalp for him I think.
A pip is only worth it if you know how much you risked to earn it
  • #478,112
  • Jul 1, 2011 8:53am Jul 1, 2011 8:53am
Nothing like good information.....( Before the Fact ) Looking for the break of the 4440 area next.


Quoting tornado11
This market is primed for a nice Friday selloff. Just got a weak upthrust bar after a few No demands on the hourly now. Notice the time frames moving down. Should get a bounce short here soon. Below 4440 is my transitional level for full blown shorts. I am short with small amount since it is against the major trend.
  • #478,113
  • Jul 1, 2011 8:54am Jul 1, 2011 8:54am
I couldn't say it better.
Quoting vlady1974
Hey dude,

I think I see what you're doing but I guess I'm not sharing the "psychology".
Cloggs/Attilla have clued you into getting a feel for some levels. The initial instinct would be to use them as Breakout points.

Initially this would be correct. But I think you would have to combine this with higher timeframe views. Eg. I have the 5M and 1M next to a second chart that I switch 30M / 15M.

The levels you are looking at on 5M are weaker than the ones on a higher timeframe. So Attilla has given you 36. I can see that much more...
  • #478,114
  • Jul 1, 2011 8:54am Jul 1, 2011 8:54am
Quoting attila
lower numbers: 4442, 4436(this one is big). 4431 and 4426... upside same as yesterday.
Agree with you. This is coming up on the 4H against a 22EMA.
Probably there mid next week before resumption upwards?
A pip is only worth it if you know how much you risked to earn it
  • #478,115
  • Jul 1, 2011 8:56am Jul 1, 2011 8:56am
Quoting attila
watta heck. long... tight s/l
The market is waiting for ISM in 5 minutes
Following the current trend
  • #478,116
  • Jul 1, 2011 8:56am Jul 1, 2011 8:56am
Quoting Kole106
there is University of Michigan Confidence data 5 min earlier.
survey 72
actual 71,5
  • #478,117
  • Jul 1, 2011 8:56am Jul 1, 2011 8:56am
Thanks Attila and VLADY1974 and others....appreicate the help....trying to tweak this to a trading style....

Thanks again!
  • #478,118
  • Jul 1, 2011 8:58am Jul 1, 2011 8:58am
Quoting sisse
H4 close below 0.903x opens a chance for shorts there but plenty of S ahead...

sisse
absolutley agree.

anyway daily looks pretty weird for bulls if we close in this area.

lets c

flat ofc..
Hero calls followed by margin calls...
  • #478,119
  • Jul 1, 2011 8:58am Jul 1, 2011 8:58am
Quoting fx111
Attachment
I partially closed my position for +19, other part to BE.
  • #478,120
  • Jul 1, 2011 8:59am Jul 1, 2011 8:59am
Quoting 10piptrade
The market is waiting for ISM in 5 minutes
right. but what did the price do INTO it?
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