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  • #39,161
  • Dec 8, 2011 1:36am Dec 8, 2011 1:36am
Quoting PayTheLimit
so favorable results then, I take it the mofus filter out some of the false breaks then...

let me asks you this, which one, channel that is are your working with now, and how do you determine its the dominate one right now?
atm looking for a possible slap down 3424/34 at least back to 3411...

3445 is the mid between 3485 and 3405..
those who can, do. those who cant, talk about those who can
  • #39,162
  • Dec 8, 2011 1:37am Dec 8, 2011 1:37am
Morning all.

Same levels, same playing field but with lots of fuel for a move after 4th days compression in a very small range. 1.344x only level to track. 1.351x momentum line to the top side. 1.3340x floor. Both top, and bottom have been tested 4th times in the last days and a next test will crack them.

ECB coming with the fireworks today before the EU summit. Most if not all the rate cut is already digested (except if thee is a overshoot). Rate reaction is better seen and only playable in stocks.

Dax and European bourses are in exhaustion levels up and it will be impossible to crack above the daily/weekly R (dax 6150 for reference) without EZ debt cleared. Reaction after the rate cut is KEY and a break back up resistance in Dax and friends (ES 1290xx for reference) will open clean swept up (reference 6500 in dax and 1330 in the ES) in indexes with EZ summit as turbo if they deliver something.

We'll see and nothing to do for London opening across the board...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #39,163
  • Dec 8, 2011 1:42am Dec 8, 2011 1:42am
Quoting sisse
Morning all.

Same levels, same playing field but with lots of fuel for a move after 4th days compression in a very small range. 1.344x only level to track. 1.351x momentum line to the top side. 1.3340x floor. Both top, and bottom have been tested 4th times in the last days and a next test will crack them.

ECB coming with the fireworks today before the EU summit. Most if not all the rate cut is already digested (except if thee is a overshoot). Rate reaction is better seen and only playable in stocks.

Dax and European bourses are in exhaustion...
Thanks Sisse, quite helpful. Seems probably that we are going to hear a tweet or two.
Kill the ego, or it will kill the mission.
  • #39,164
  • Dec 8, 2011 1:46am Dec 8, 2011 1:46am
Quoting gatorinla
atm looking for a possible slap down 3424/34 at least back to 3411...

3445 is the mid between 3485 and 3405..
I have this one drawn right now...right in the mofu of it, dont have a clue really as to why I drew it...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #39,165
  • Dec 8, 2011 1:46am Dec 8, 2011 1:46am
Quoting gatorinla
atm looking for a possible slap down 3424/34 at least back to 3411...

3445 is the mid between 3485 and 3405..
3412 correction
those who can, do. those who cant, talk about those who can
  • #39,166
  • Dec 8, 2011 1:48am Dec 8, 2011 1:48am
Quoting PayTheLimit
I have this one drawn right now...right in the mofu of it, dont have a clue really as to why I drew it...
back up further.. draw the down slope one.
those who can, do. those who cant, talk about those who can
  • #39,167
  • Dec 8, 2011 1:50am Dec 8, 2011 1:50am
break 3414 & 11 to see if pullback at 3400 can hold this up , may be false breakout .08 if limit for up , may turmoil any way though , correction after all .

watching .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #39,168
  • Dec 8, 2011 1:50am Dec 8, 2011 1:50am
this pa sucks.. i had a bear trigger..usually good for 40 pips.
those who can, do. those who cant, talk about those who can
  • #39,169
  • Dec 8, 2011 1:51am Dec 8, 2011 1:51am
Quoting gatorinla
back up further.. draw the down slope one.
this one?
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Look Sharp/Trade Tight
  • #39,170
  • Dec 8, 2011 2:02am Dec 8, 2011 2:02am
3455 and 3380..two I note..
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Look Sharp/Trade Tight
  • #39,171
  • Edited 2:46am Dec 8, 2011 2:08am | Edited 2:46am
London trying defend bull & bo , above top , just 1 more leg up may be possible & so likely false up before more correction down .ust below 3410 then to start .
fontu

staggering London boy's a lot , can't take the decision or done wrong before .break 3429 or 10 now ,46 min doing here , can do more 3hr 14 min more !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #39,172
  • Dec 8, 2011 2:18am Dec 8, 2011 2:18am
Quoting PayTheLimit
this one?
sure. find one that seems to respect the levels.. and it will work on the unknown edges many times.
those who can, do. those who cant, talk about those who can
  • #39,173
  • Dec 8, 2011 2:24am Dec 8, 2011 2:24am
Quoting gatorinla
sure. find one that seems to respect the levels.. and it will work on the unknown edges many times.
gotcha, will mess with them a bit..
Look Sharp/Trade Tight
  • #39,174
  • Dec 8, 2011 2:29am Dec 8, 2011 2:29am
Quoting PayTheLimit
gotcha, will mess with them a bit..
hide the r side of your chart. and draw some strictly from the left side using old info.. c how it worked out.
those who can, do. those who cant, talk about those who can
  • #39,175
  • Dec 8, 2011 2:52am Dec 8, 2011 2:52am
Quoting gatorinla
hide the r side of your chart. and draw some strictly from the left side using old info.. c how it worked out.
I think that what I was attempting, thing is I am a trying to figure how far back to go. So say its late NY, yesterday, I would draw these two I guess, it covers three sessions...
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Look Sharp/Trade Tight
  • #39,176
  • Dec 8, 2011 2:54am Dec 8, 2011 2:54am
then by the LO I have this to work with...
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Look Sharp/Trade Tight
  • #39,177
  • Dec 8, 2011 2:56am Dec 8, 2011 2:56am
Quoting PayTheLimit
then by the LO I have this to work with...
that is pretty....
  • #39,178
  • Dec 8, 2011 2:58am Dec 8, 2011 2:58am
Quoting Wulfgar
that is pretty....
lol, that about all it is for now...
Look Sharp/Trade Tight
  • #39,179
  • Dec 8, 2011 3:10am Dec 8, 2011 3:10am
Quoting PayTheLimit
lol, that about all it is for now...

brother Im goin to bed... Ill be back in a few hours for the press conference...

Im tired as hell... brutally long day for me on the road
  • #39,180
  • Dec 8, 2011 3:15am Dec 8, 2011 3:15am
lets see, euro sellin off, must be London

PTL, you still in your e/u long?
"If The Fool persists in his Folly he will become wise." - William Blake
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