Disclaimer: Check your 1m charts 
- #496,523
- Jul 21, 2011 4:01pm Jul 21, 2011 4:01pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
1 short 29
- #496,524
- Jul 21, 2011 4:04pm Jul 21, 2011 4:04pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #496,529
- Jul 21, 2011 4:09pm Jul 21, 2011 4:09pm
Look at the trend starting from May 3rd to July 2cd on the Daily chart, that trend line is going to be pivotal for the rest of the week. Adding to short near it ... I wonder how London .. on a Friday will react, probably just rangebound until next week or US info is out.
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Very likely tomorrow is slow, rangy awaiting next trigger (based on some historic PA). Also no big news tomorrow (that I know of
- #496,532
- Jul 21, 2011 4:14pm Jul 21, 2011 4:14pm
Very likely tomorrow is slow, rangy awaiting next trigger (based on some historic PA). Also no big news tomorrow (that I know of
Based off of that I think one of two things.
1. A deal is being finalized and will be released on Friday {like normal releases are to be distracted and absorbed by the weekend.
2. OR they are incompetent a-holes who don't know much of a boat from a train. And they are obviously ignorant to the average American and are going to carry about their personal business ...
Hard choice, hoping for part one.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
- #496,533
- Jul 21, 2011 4:15pm Jul 21, 2011 4:15pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
44 is approx the high of my H4 channel. Hoping it doesn't come back for a few 
Look at the trend starting from May 3rd to July 2cd on the Daily chart, that trend line is going to be pivotal for the rest of the week. Adding to short near it ... I wonder how London .. on a Friday will react, probably just rangebound until next week or US info is out.
Disclaimer: Check your 1m charts
- #496,537
- Jul 21, 2011 4:16pm Jul 21, 2011 4:16pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #496,538
- Jul 21, 2011 4:19pm Jul 21, 2011 4:19pm
The US debt negotiation parties are taking the weekend off, this close to AUG 2, that shows me that they aren't to to worried about it.
Based off of that I think one of two things.
1. A deal is being finalized and will be released on Friday {like normal releases are to be distracted and absorbed by the weekend.
2. OR they are incompetent a-holes who don't know much of a boat from a train. And they are obviously ignorant to the average American and are going to carry about their personal business ...
Hard choice, hoping for part one....
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- #496,539
- Jul 21, 2011 4:23pm Jul 21, 2011 4:23pm
In this case, don't place a trade on the 'breaking' of the trend, for this strong trend, I would wait for a verification of a daily/weekly close above the trend.
Just my opinion, I will not be long based on a trend break.
I won't play against the trend, cous the long term trend is the up going trend, as you cant see at the atachment. The triangel, also market on the atachment is just a formation of consolidation, and after breaking out of ot upward movement should be continued. I will wait untill tommorow closure for confirmation, and place then my long order
Also just my prediction, i hope a good one
