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  • #507,401
  • Aug 2, 2011 7:09pm Aug 2, 2011 7:09pm
It would be nice for shorts for this to play out:
I think a 4 hr close below 4165 or even a 1 hr close below it (more risk) could get the ball rolling. Otherwise we could bounce back to the 4252 area again. Seems to be stuck in that 4165-4252 range all day.
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  • #507,402
  • Aug 2, 2011 7:09pm Aug 2, 2011 7:09pm
Quoting sofia101
Thank you I got it)Just checked my chart
if i overlooked something let me know. what is it on your chart?
those who can, do. those who cant, talk about those who can
  • #507,403
  • Aug 2, 2011 7:10pm Aug 2, 2011 7:10pm
Back soon
  • #507,404
  • Aug 2, 2011 7:11pm Aug 2, 2011 7:11pm
I don't have charts in front of me right now, but 4120 is a key area on more than one TF.

And it's late here. I'm off to bed.
GL all.
  • #507,405
  • Aug 2, 2011 7:14pm Aug 2, 2011 7:14pm
Quoting ukdaytrader
I don't have charts in front of me right now, but 4120 is a key area on more than one TF.

And it's late here. I'm off to bed.
GL all.

Back to tape reading are we?


nite
  • #507,406
  • Aug 2, 2011 7:18pm Aug 2, 2011 7:18pm
Quoting gatorinla
if i overlooked something let me know. what is it on your chart?
I had 4116 maybe different dealer )
  • #507,407
  • Aug 2, 2011 7:19pm Aug 2, 2011 7:19pm
Quoting needpips
Long 4184
Caveat......liberal SL.....50 pips......may see 600 700 pips north from here, so Im just putting a lil R:R out there
  • #507,408
  • Aug 2, 2011 7:23pm Aug 2, 2011 7:23pm
Quoting Larseg

any chance for long
Mohan
  • #507,409
  • Aug 2, 2011 7:23pm Aug 2, 2011 7:23pm
Holy shit ASX was hammered this morning...
  • #507,410
  • Aug 2, 2011 7:24pm Aug 2, 2011 7:24pm
Quoting Larseg
Holy shit ASX was hammered this morning...
all stock index hammered, red sea bath, last night sp500 lost, now under 1248
Mohan
  • #507,411
  • Aug 2, 2011 7:37pm Aug 2, 2011 7:37pm
a buy at this level could work well with sloss 1.4145 and target 1.43 . this is the count i m watching but i dont need the pa to go above 1.4380 for the bears to stay in control at 1.433 is good sell if price gets there against 1.438
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  • #507,412
  • Aug 2, 2011 7:45pm Aug 2, 2011 7:45pm
off to bed
Mohan
  • #507,413
  • Aug 2, 2011 7:52pm Aug 2, 2011 7:52pm
Quoting Larseg
Holy shit ASX was hammered this morning...

Good buying opportunity
We're all stories in the end. Just try to make it a good one.
  • #507,414
  • Aug 2, 2011 7:54pm Aug 2, 2011 7:54pm
Quoting mohan76
all stock index hammered, red sea bath, last night sp500 lost, now under 1248

Its too soon with a recession but its tempting to forecast one...
  • #507,415
  • Aug 2, 2011 7:59pm Aug 2, 2011 7:59pm
Quoting Larseg
Its too soon with a recession but its tempting to forecast one...
at my broker asx 30 point (4323) less than actual , scared trade
Mohan
  • #507,416
  • Aug 2, 2011 8:00pm Aug 2, 2011 8:00pm
Quoting Traderji
Good buying opportunity

I would rather wait for bottom then buy it 30% higher up than trying to catch the bottom...
  • #507,417
  • Aug 2, 2011 8:08pm Aug 2, 2011 8:08pm
Quoting nawafasad1
a buy at this level could work well with sloss 1.4145 and target 1.43 . this is the count i m watching but i dont need the pa to go above 1.4380 for the bears to stay in control at 1.433 is good sell if price gets there against 1.438
could u post a 4hr chart zoomed out a bit...THX
  • #507,418
  • Aug 2, 2011 8:15pm Aug 2, 2011 8:15pm
accumilation...

4192----> 4166
  • #507,419
  • Aug 2, 2011 8:26pm Aug 2, 2011 8:26pm
Quoting Larseg
I would rather wait for bottom then buy it 30% higher up than trying to catch the bottom...
the wait is over.. buy when you like
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those who can, do. those who cant, talk about those who can
  • #507,420
  • Aug 2, 2011 8:30pm Aug 2, 2011 8:30pm
hi all,

first post.

watching the range on the hourly, 1.4194-1.4167 in range for the last 2.5 hours.

Thoughts on breakout direction?
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