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  • #497,121
  • Jul 22, 2011 3:18am Jul 22, 2011 3:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Cheers mate!

Indeed, earning season is the catalyst. We do not have much more going on now as Greece is out of picture. For some bizzare reasons we see news coming out of europe regardless of greece or anything other member of the state. 2 week ago it was italy came of blue!

If we cannot break higher then 12800 today then there is a lot more to come.

Something to keep an eye on is NZD, it's in too much news now a days. It's time has come too me reckon :-)



Quoting sisse
Good post. In my view (TA) the last monthly bar looks like and impulsive bar to break the highs. Needs (FA) trigger now, the bs of debt ceiling cleared first, earning season will give enough fuel to propel the move to the next monthly R 140xx. Above that, US numbers need to dramatically improve, plus when that happens we need the pullback on FED rate hikes first....

sisse
  • #497,122
  • Jul 22, 2011 3:20am Jul 22, 2011 3:20am
going to lunch, bbl, gl, PTL...
Look Sharp/Trade Tight
  • #497,123
  • Jul 22, 2011 3:23am Jul 22, 2011 3:23am
Hey if anyones there. I want to make sure I understand this. the more we hit this resitance the weaker it bcome's am I right or wrong, no sellers. also I was told being new I should use 4 hr chart minimum. when its ranging Like this should I step down to lower time frame? any help would be appreciated. I will buy you a cup of coffee if you ever get to Seattle.
  • #497,124
  • Jul 22, 2011 3:27am Jul 22, 2011 3:27am
Quoting ams
Cheers mate!

Indeed, earning season is the catalyst. We do not have much more going on now as Greece is out of picture. For some bizzare reasons we see news coming out of europe regardless of greece or anything other member of the state. 2 week ago it was italy came of blue!

If we cannot break higher then 12800 today then there is a lot more to come.

Something to keep an eye on is NZD, it's in too much news now a days. It's time has come too me reckon :-)
My timespan is a little bit longer than today. We have until the 1st week of August for the break. Obviously any solution before (they are politicians so I doubt) can do the trick but still plenty of time to play that break. The same apply for the last EZ debt rally. We'll see the real extend (or failure) when the US debt issues are cleared...

sisse

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #497,125
  • Jul 22, 2011 3:27am Jul 22, 2011 3:27am
Quoting PipsyRussell
Hey if anyones there. I want to make sure I understand this. the more we hit this resitance the weaker it bcome's am I right or wrong, no sellers. also I was told being new I should use 4 hr chart minimum. when its ranging Like this should I step down to lower time frame? any help would be appreciated. I will buy you a cup of coffee if you ever get to Seattle.
From my experience the more a S/R line gets bounced off of the stronger it is. An example is my 4389 support on the 1min that's been tested quite a few times now.
  • #497,126
  • Jul 22, 2011 3:27am Jul 22, 2011 3:27am
Quoting PayTheLimit
going to lunch, bbl, gl, PTL...

Just framing it for you mate,

10k posts
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  • #497,127
  • Jul 22, 2011 3:30am Jul 22, 2011 3:30am
Quoting Larseg
Just framing it for you mate,

10k posts
dayum... this guys got some serious style here... LOOK... 10k posts and he decided to go to lunch and chill out!
haha love it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #497,128
  • Jul 22, 2011 3:31am Jul 22, 2011 3:31am
Quoting PayTheLimit
going to lunch, bbl, gl, PTL...
The bar is now open...

10K ..been looking for an excuse the whole day
" Never let the past hold the future to ransom "
  • #497,129
  • Jul 22, 2011 3:32am Jul 22, 2011 3:32am
Quoting PayTheLimit
what gives with that 4444, thats not off the 2008 chart?
in the past.. it has always been a intra day bump/stump area.
those who can, do. those who cant, talk about those who can
  • #497,130
  • Jul 22, 2011 3:35am Jul 22, 2011 3:35am
Quoting FishHead
From my experience the more a S/R line gets bounced off of the stronger it is. An example is my 4389 support on the 1min that's been tested quite a few times now.
its the 00est close. bulls don't want an h to close below. if 81.0 is poked.
those who can, do. those who cant, talk about those who can
  • #497,131
  • Jul 22, 2011 3:35am Jul 22, 2011 3:35am
Quoting Gleneagles
The bar is now open...
good morning glen ! :-) today many trades ?

markest is slow !
  • #497,132
  • Jul 22, 2011 3:39am Jul 22, 2011 3:39am
had a small long 4400 targeting 4445 stopped out at BE+2

Lets see what NY do..
Anything can happen.
  • #497,133
  • Jul 22, 2011 3:41am Jul 22, 2011 3:41am
Quoting wallstreet03
good morning glen ! :-) today many trades ?

markest is slow !
only 1 X 12..nothing to trade at the moment
" Never let the past hold the future to ransom "
  • #497,134
  • Jul 22, 2011 3:42am Jul 22, 2011 3:42am
Quoting PipsyRussell
Hey if anyones there. I want to make sure I understand this. the more we hit this resitance the weaker it bcome's am I right or wrong, no sellers. also I was told being new I should use 4 hr chart minimum. when its ranging Like this should I step down to lower time frame? any help would be appreciated. I will buy you a cup of coffee if you ever get to Seattle.
Knowing some of the senior here, you will need to offer more than a cup of coffee to convince them to give you an advice ...their rate is in beer pints as minimum payment ...lol

the more we hit this resitance the weaker it bcome's...or the stronger it is. so why do you say that?

I should use 4 hr chart minimum... why? is a "healthy" TF for capturing the meat of a daily range but it depends of what do you want to do so you need to define your style, risk and time in the markets before choosing the main TF.

when its ranging Like this should I step down to lower time frame? ...same as above. If you are trading daily charts for example you will avoid small TFs all the time despite a range or not....In simple words first you need to define what TFs are you trading, before accepting or avoiding a TF move....

so what is your main Tf?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #497,135
  • Jul 22, 2011 3:44am Jul 22, 2011 3:44am
Quoting Gleneagles
only 1 X 12..nothing to trade at the moment
it' ok ! today few opportunities! good lunch glen !

  • #497,136
  • Jul 22, 2011 3:45am Jul 22, 2011 3:45am
Quoting PipsyRussell
Hey if anyones there. I want to make sure I understand this. the more we hit this resitance the weaker it bcome's am I right or wrong, no sellers. also I was told being new I should use 4 hr chart minimum. when its ranging Like this should I step down to lower time frame? any help would be appreciated. I will buy you a cup of coffee if you ever get to Seattle.
I started trading 4H charts, and found I could make more each time I stepped down a timeframe - but that was 10 years ago, and I personally think 4H is too long a timeframe for these volatile times - but I still constantly watch it. 1H may be a bit easier - watch for (daily) higher highs and lower lows - then trade the trend. Watch for pull-backs to support or resistance to enter.

If it's shitty like today - stay out. One of the hardest lessons to learn is to recognize when to stay out.
I've got my pips - go get yours!
  • #497,137
  • Jul 22, 2011 3:49am Jul 22, 2011 3:49am
Anyone scalping between ~390 and ~418?
Anything can happen.
  • #497,138
  • Jul 22, 2011 3:50am Jul 22, 2011 3:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Let's see mate. We hardly touched 12800 and bunced back.
News has started to appear from fitch about eurozone





Quoting sisse
My timespan is a little bit longer than today. We have until the 1st week of August for the break. Obviously any solution before (they are politicians so I doubt) can do the trick but still plenty of time to play that break. The same apply for the last EZ debt rally. We'll see the real extend (or failure) when the US debt issues are cleared...

sisse

sisse
  • #497,139
  • Jul 22, 2011 3:51am Jul 22, 2011 3:51am
anyone has thoughts on SP ?

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  • #497,140
  • Jul 22, 2011 3:54am Jul 22, 2011 3:54am
since ive been studying price action on M5 charts blows my mind how price re-acts to the 200sma, 500sma and 750sma since i added them to M5 chart, even more powerfull when you have 2 or all 3 coming together can produce 100pip moves off them
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