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  • #562,801
  • Nov 16, 2011 11:52am Nov 16, 2011 11:52am
Everything pretty much in order here...
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Quant Hedge Fund CEO
  • #562,802
  • Nov 16, 2011 11:59am Nov 16, 2011 11:59am
Quoting FXMastermind
Everything pretty much in order here...
Yup, agreed. I took it one step further though. Turn that puppy into a 4H chart and draw a fib retracement from the most recent drop (high to low)... the 61.8% retracement level coincides beautifully with ~1.3655, an area that has proven very important all the way back to about September.

Retest, fail, sell the farm anyone?
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  • #562,803
  • Nov 16, 2011 12:17pm Nov 16, 2011 12:17pm
We have to go above 3552 if we want c any bulls
  • #562,804
  • Nov 16, 2011 12:18pm Nov 16, 2011 12:18pm
Quoting Geppy
Yup, agreed. I took it one step further though. Turn that puppy into a 4H chart and draw a fib retracement from the most recent drop (high to low)... the 61.8% retracement level coincides beautifully with ~1.3655, an area that has proven very important all the way back to about September.

Retest, fail, sell the farm anyone?
I am aware of that but - wouldnīt that be too easy and too obvious to trade ?

Letīs just hope this dream will become reality, shall we?

By the way, what I expect most now is how itīs gonna behave around .3570 (38.2% + SR level of some importance)

+ WS1 (.3540 area, even more important level) stands in the way and if you check last candle, last rally was stopped pretty much to the pip right there...

This is a beautiful business, ainīt it? I am just lovinī it
Quant Hedge Fund CEO
  • #562,805
  • Nov 16, 2011 12:18pm Nov 16, 2011 12:18pm
this level is important ...
http://img607.imageshack.us/img607/696/levelj.png
  • #562,806
  • Nov 16, 2011 12:21pm Nov 16, 2011 12:21pm
Quoting BlueGas
Got it also bit lower,added some, but playing it safe. 3500 seems like strong res
Added some at 3530(yeah,was impatient), but everything on safe side...
Im still counting on scenario that yesterday low was weekly low, possibly even monthly, poss nice R:R. hope daily will close above 3500, and maybe tommorow i get a nice runner, anyway, stick do the plan if you have it
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  • #562,807
  • Nov 16, 2011 12:21pm Nov 16, 2011 12:21pm
forgive the poor quality, but this scenario could play out if we rally a bit from here into that 1.3555-1.3575 resistance area
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Don't have an ego. Always question yourself and your ability.
  • #562,808
  • Nov 16, 2011 12:28pm Nov 16, 2011 12:28pm
keep those long guys for the next +200 pis ...coz thats where we are headed !!!!
  • #562,809
  • Nov 16, 2011 12:31pm Nov 16, 2011 12:31pm
Quoting cloggie
When he gets to his TP? Which won't be long, Cloggie covered and you know what that means.
it means you were wrong and you need to be a bull now or loose your account !!!!
  • #562,810
  • Nov 16, 2011 12:31pm Nov 16, 2011 12:31pm
Full manipulation higher is still underway..not a good time to be short in cable.
entry - 1.29250 s/l 200 pips
  • #562,811
  • Nov 16, 2011 12:32pm Nov 16, 2011 12:32pm
We can back in 36 37 levels in this condition markets we can go higher
  • #562,812
  • Nov 16, 2011 12:34pm Nov 16, 2011 12:34pm
Quoting RamsesII
forgive the poor quality, but this scenario could play out if we rally a bit from here into that 1.3555-1.3575 resistance area
I agree, but i think we would first quickly break that level, and quickly come back, just to take out stops...
  • #562,813
  • Nov 16, 2011 12:37pm Nov 16, 2011 12:37pm
Quoting BlueGas
I agree, but i think we would first quickly break that level, and quickly come back, just to take out stops...
much higher than 75 and the wedge wouldn't be valid
Don't have an ego. Always question yourself and your ability.
  • #562,814
  • Nov 16, 2011 12:39pm Nov 16, 2011 12:39pm
Once 1.35750 is hit, keep and extremely tight stop on your profits..once that number is hit price could turn on a dime..DON'T GET GREEDY
entry - 1.29250 s/l 200 pips
  • #562,815
  • Nov 16, 2011 12:43pm Nov 16, 2011 12:43pm
Agree ! Good numbers and have sell orders already in place based on probability's of mostlikely Resistance and S/D..Currently eyeballing S&P gap fill play before anymore south..GL!

Quoting RamsesII
forgive the poor quality, but this scenario could play out if we rally a bit from here into that 1.3555-1.3575 resistance area
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  • #562,816
  • Nov 16, 2011 12:44pm Nov 16, 2011 12:44pm
Quoting FX Babie
it means you were wrong and you need to be a bull now or loose your account !!!!

Nah, it just means that you are clueless kiddo.


Fun, got another one I can poke for a whille with a stick here.
  • #562,817
  • Nov 16, 2011 12:44pm Nov 16, 2011 12:44pm
Quoting FX Babie
it means you were wrong and you need to be a bull now or loose your account !!!!
Eh... I think he has been long enough in this game to know better...I havent had any bad expriences with cloggie, at least me, i know why he call ppl muppets(should i go any further?), but i know what he means by that, when he starts calling ppl muppets. He has my respect, because he made some live assomptions, BEFORE market took place. But, nevertheless, everyone is firing triggers at your own account,so...dont even know what im trying to say, but i feel bored, so i have too cross this thread,which if always fun... anyway im LOOOOOONG and safe, and im wrong until market proves me otherwise
  • #562,818
  • Nov 16, 2011 12:44pm Nov 16, 2011 12:44pm
I'm looking for 1.3680, I'm greedy, but I think its going to target 1.3702, and I will get out a head of that, as you can see the fact that 1.3650 is huge s/r doesn't phase me one bit. haha
Yay! Pips for everyone!
  • #562,819
  • Nov 16, 2011 12:45pm Nov 16, 2011 12:45pm
Quoting FXMastermind
I am aware of that but - wouldnīt that be too easy and too obvious to trade ?

Letīs just hope this dream will become reality, shall we?

By the way, what I expect most now is how itīs gonna behave around .3570 (38.2% + SR level of some importance)

+ WS1 (.3540 area, even more important level) stands in the way and if you check last candle, last rally was stopped pretty much to the pip right there...

This is a beautiful business, ainīt it? I am just lovinī it
Those are definitely levels to be watching, yes. In fact, all fib levels should be watched closely for reaction.

Regarding the trade being "too easy"... I'd have to disagree. It's simplistic and beautiful, but you'd be surprised how many traders will over complicate things and get caught up in the action. The inability to see the forest through the trees for most traders never seizes to amaze me.
check out my blog: forexmademillionaire dot com
  • #562,820
  • Nov 16, 2011 12:46pm Nov 16, 2011 12:46pm
Quoting Pipsforall
I sure do.

Faultless as always...
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