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- #494,881
- Jul 20, 2011 2:21pm Jul 20, 2011 2:21pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #494,882
- Jul 20, 2011 2:24pm Jul 20, 2011 2:24pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #494,883
- Jul 20, 2011 2:26pm Jul 20, 2011 2:26pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
It's going higher before the drop. I thought you were a daily dude. I am seeing a pin bar down there and a long legged doji or whatever that is from two days ago. They don't inspire me to short this thing, at least before 4260 then we'll see.
Need that daily bear candle first before I even think about shorting her.
- #494,884
- Jul 20, 2011 2:30pm Jul 20, 2011 2:30pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Yep, I am a daily dude, and we are approaching the highs of the last supply zone. But as of right now, momentem is on the bull and I if I tried to short the high i'd imagine a stop out would be in my future
Need that daily bear candle first before I even think about shorting her.
Reason for this, among other things, a pin bar rejection off demand last week that also corresponds with a bounce off 50 ema and a retrace above 24 ema. There are other indications but these are easier to explain in a couple of words.
- #494,885
- Jul 20, 2011 2:30pm Jul 20, 2011 2:30pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
Ok
I tell u why i sell
But can u tell me why you long?
Let's talk serious now
tell me ur view
hey bro hope ur well! I think it is literally 50/50 long/short probability. Anythng can happen at this point. Its pretty obviuous by pa that the market is very very confused at this point. best to wait for volume confirmation of directional bias. PS, i have no freaking clue what this thing is doing lol. i missed a big trade yesterday, and got stopped out on a few today. these conditions are brutal for traders looking for more than 2:1 RR lol
- #494,887
- Jul 20, 2011 2:33pm Jul 20, 2011 2:33pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
see edit, 4400 smiling at us from above.... LOL.
Then we just have a minor supply zone (topside @ 4358), then a major supply zone @ your 4400 - 4540. Yes, that is a 100+ pip supply zone. lol.
Targets are generally 50% of a zone, so would be looking at 4475'ish.
- #494,888
- Jul 20, 2011 2:33pm Jul 20, 2011 2:33pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #494,890
- Jul 20, 2011 2:36pm Jul 20, 2011 2:36pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Get us a close above 4236 and I'm there!
Then we just have a minor supply zone (topside @ 4358), then a major supply zone @ your 4400 - 4540. Yes, that is a 100+ pip supply zone. lol.
Targets are generally 50% of a zone, so would be looking at 4475'ish.
- #494,891
- Jul 20, 2011 2:36pm Jul 20, 2011 2:36pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #494,894
- Jul 20, 2011 2:40pm Jul 20, 2011 2:40pm
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #494,895
- Jul 20, 2011 2:40pm Jul 20, 2011 2:40pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
Ok
I tell u why i sell
But can u tell me why you long?
Let's talk serious now
tell me ur view
- #494,897
- Jul 20, 2011 2:40pm Jul 20, 2011 2:40pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #494,898
- Jul 20, 2011 2:44pm Jul 20, 2011 2:44pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #494,899
- Jul 20, 2011 2:44pm Jul 20, 2011 2:44pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #494,900
- Jul 20, 2011 2:45pm Jul 20, 2011 2:45pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight