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  • #9,121
  • Dec 15, 2011 2:03am Dec 15, 2011 2:03am
Good morning guys.

We are getting close to holidays where volatility is expected to be low. Probably most of major moves has happened but we still have this week to finish.

SO lets see the levels for today.
  • #9,122
  • Edited 2:18am Dec 15, 2011 2:06am | Edited 2:18am
Good Morning all,

Morning Tarantula,

I have no trades as of yet but will be watching :

a) LTL
b) Bear flag
c) Various bull levels

Current Trades based on Lower bear flag channel Lines

Have a lovely day all

Regards
BW
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Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,123
  • Dec 15, 2011 2:11am Dec 15, 2011 2:11am
Remember I told u 2920 was the daily target for yesterday. It went to 2945 so we have more room left to go down to 2875.

I will also point put possible retracment points in next chart

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  • #9,124
  • Dec 15, 2011 2:14am Dec 15, 2011 2:14am
good morning everyone!

just closed a total of +75

trade taken since d1 close

entries posted here earlier

shouldve left low as a runner, but am chicken and my insticnts tell me not too good to fade a downtrend especially this strong...
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Have I got something on my face, SOLDIER?
  • #9,125
  • Dec 15, 2011 2:25am Dec 15, 2011 2:25am
Notice the levels are compressed.

Asia gave small range and we didnt have any new bottom/high.

If we get a deeper retracement that needs to be pointed out on h4 chart.

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  • #9,126
  • Edited 11:30am Dec 15, 2011 2:27am | Edited 11:30am
Good morning to all!

3043 will be nice place for short, if we get there

EDIT: Yes it was!
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  • #9,127
  • Dec 15, 2011 2:34am Dec 15, 2011 2:34am
Notice 3031 reaction < bounced off 10 pips in a minute. 3031 then 3020.

On 2nd attempt it was 3031>3038 in a second? Why is that? Because there were some stops for lower TF trades -shorts that have been triggered
  • #9,128
  • Dec 15, 2011 2:35am Dec 15, 2011 2:35am
Quoting BlackWid0w
Good Morning all,

Morning Tarantula,

I have no trades as of yet but will be watching :

a) LTL
b) Bear flag
c) Various bull levels

Current Trades based on Lower bear flag channel Lines

Have a lovely day all

Regards
BW
Thanx BW, will have that in mind.
  • #9,129
  • Dec 15, 2011 2:36am Dec 15, 2011 2:36am
Quoting Mihailo
Good morning to all!

3043 will be nice place for short, if we get there
Yes Lets see it it. For the continuation 3031 needs to become support.
  • #9,130
  • Dec 15, 2011 2:46am Dec 15, 2011 2:46am
sold eurusd and sold dow

might just be temporary scalps of of old bear flag tiny range retest



for the dow jones it was simple support retest market theory 101 and 4th wave i think. alas i closed it +14

but that bullish pole below seems so strong i might let it rise for a few first....



eu still holding
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Have I got something on my face, SOLDIER?
  • #9,131
  • Dec 15, 2011 2:47am Dec 15, 2011 2:47am
Notice diversions on.. CCI 30 mi to 5 min... nice reverse diversions on USDindex
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  • #9,132
  • Dec 15, 2011 2:48am Dec 15, 2011 2:48am
Quoting T@rantula
Yes Lets see it it. For the continuation 3031 needs to become support.
Its having a hard time doing that....rejection to 3015

These are the levels I see above 3031...

3055 3092 3125 3160.
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We first need to pay attention to London levels based on previous range then calculate BIGGER retracements. ( see the table first)
  • #9,133
  • Dec 15, 2011 2:49am Dec 15, 2011 2:49am
Quoting danc
Notice diversions on.. CCI 30 mi to 5 min... nice reverse diversions on USDindex
u meant 'divergence' right

i dont see it though can u point them out maybe?
Have I got something on my face, SOLDIER?
  • #9,134
  • Dec 15, 2011 2:53am Dec 15, 2011 2:53am
market just spiked south i believe.



judging from RSI momentum it is retesting 50 level and asia's range.


daily remains bullish to me, so TP?

does nayone have thoughts to TP or let it run? a little lost here, and i have bad tendency to tp too fast and not let profits run.

perhaps a suggestion? based on tata's levels this is still bullish...
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Have I got something on my face, SOLDIER?
  • #9,135
  • Dec 15, 2011 2:53am Dec 15, 2011 2:53am
EU,, out for 30.. daily pivot line..diversions on CCI and Macd histo..or thats what i calla diversion..
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  • #9,136
  • Dec 15, 2011 2:58am Dec 15, 2011 2:58am
i just noticed something on the 30m

some VSA basic stuff i believe if im not mistaken




exited for +19
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Have I got something on my face, SOLDIER?
  • #9,137
  • Dec 15, 2011 3:01am Dec 15, 2011 3:01am
B,, on the 15 i have marked what i see as a diversion..i could be wrong but as i understand it thats what Cube calls a diversion 2..
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  • #9,138
  • Dec 15, 2011 3:01am Dec 15, 2011 3:01am
The important figure is 1.2985 if this is broken this will be a bear flag breakout and will invalidate all longs as target will then be 1.2865...

Crucial hour imho for euro...
As Tarantula will also say less defenders are on the pitch right now...

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,139
  • Dec 15, 2011 3:05am Dec 15, 2011 3:05am
Quoting bumapatria
market just spiked south i believe.



judging from RSI momentum it is retesting 50 level and asia's range.


daily remains bullish to me, so TP?

does nayone have thoughts to TP or let it run? a little lost here, and i have bad tendency to tp too fast and not let profits run.

perhaps a suggestion? based on tata's levels this is still bullish...
bearish<2988>bullish

2973 bearish continuation 3003 bullish continuation. PAy attention to those levels
  • #9,140
  • Dec 15, 2011 3:06am Dec 15, 2011 3:06am
Quoting BlackWid0w
The important figure is 1.2985 if this is broken this will be a bear flag breakout and will invalidate all longs as target will then be 1.2865...

Crucial hour imho for euro...
As Tarantula will also say less defenders are on the pitch right now...

Regards
BW
Yes. Have u seen the reaction to 3031? It couldnt even retest 3055
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