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  • #85,641
  • May 9, 2012 10:35am May 9, 2012 10:35am
Quoting FXMastermind
Solid rejection of USD index 10.000 mark...Where is Bear to give me some levels for USD to bounce back to the upside. I am looking @ 9975, what do you think?
here you are, looking for 10.100 (the major one)

USDOLLAR H4:
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Don't be a hero. Don't have an ego. Always question yourself
  • #85,642
  • May 9, 2012 10:36am May 9, 2012 10:36am
spain's main index down 3% on the day...
  • #85,643
  • May 9, 2012 10:39am May 9, 2012 10:39am
now would be nice

M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #85,644
  • May 9, 2012 10:39am May 9, 2012 10:39am
up next- us 10yr note sale in an hour and a half...
  • #85,645
  • May 9, 2012 10:42am May 9, 2012 10:42am
Quoting FXMastermind
Solid rejection of USD index 10.000 mark...Where is Bear to give me some levels for USD to bounce back to the upside. I am looking @ 9975, what do you think?
I'm looking at 2969 min, 5m to start things off.
  • #85,646
  • May 9, 2012 10:44am May 9, 2012 10:44am
Quoting Venice
I'm looking at 2969 min, 5m to start things off.
above 65 and i won't be taking any blind shorts..

ltro and qe could well be the risk nemesis to all this euro doom and gloom..

nemesises nemesi????

in for a penny, in for a pound as we say in the uk.. waiting to hear that phrase, get dem ol' printin' presses warmed up boiy!!!
  • #85,647
  • May 9, 2012 10:48am May 9, 2012 10:48am
Quoting USD-Bear
here you are, looking for 10.100 (the major one)

USDOLLAR H4:
Attachment
Thanks mate, much appreciated...Yeah, 10.100 is a badass, but which level would you prefer for a bounce back to make second attempt of 10.000?

Do you think that this TL will be respected or 9975 would play better?

Thanks...I take you as our USD index specialist
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Quant Hedge Fund CEO
  • #85,648
  • May 9, 2012 10:54am May 9, 2012 10:54am
Quoting FXMastermind
Thanks mate, much appreciated...Yeah, 10.100 is a badass, but which level would you prefer for a bounce back to make second attempt of 10.000?

Do you think that this TL will be respected or 9975 would play better?

Thanks...I take you as our USD index specialist
Also looking @9971 which would be more or less the recent top (yesterday 15-16 BST) + 38.2% fib of recent move higher...
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  • #85,649
  • May 9, 2012 10:55am May 9, 2012 10:55am
Quoting FibbinArchie
above 65 and i won't be taking any blind shorts..

ltro and qe could well be the risk nemesis to all this euro doom and gloom..

nemesises nemesi????

in for a penny, in for a pound as we say in the uk.. waiting to hear that phrase, get dem ol' printin' presses warmed up boiy!!!
ahaha... got to love it. Only thing I hate about waiting for price to actually turn. Had a beautiful signal for demand entry @ 2912. Oh wells.
  • #85,650
  • May 9, 2012 10:56am May 9, 2012 10:56am
Quoting FXMastermind
Thanks mate, much appreciated...Yeah, 10.100 is a badass, but which level would you prefer for a bounce back to make second attempt of 10.000?

Do you think that this TL will be respected or 9975 would play better?

Thanks...I take you as our USD index specialist
if 9980 doesn't hold 9967 should
ps not a specialist just like correlating with it
Don't be a hero. Don't have an ego. Always question yourself
  • #85,651
  • May 9, 2012 10:58am May 9, 2012 10:58am
Quoting Venice
I am a buyer down to 0043. The way things are moving, I see a stop out in my future. hehe. My chart says a Daily close less than 0083 invalidates the demand zone on the Daily.

Not a big deal though, if that happens, it's just a day away from flipping directions on the fatass... lol.

Edit: Entering H4 demand now. Lets see hwo much this doesn't slow it down
Aussie fighting to protect that 0083 level atm. Nearly recovered half of its daily candle so far... yikes.
  • #85,652
  • May 9, 2012 10:58am May 9, 2012 10:58am
Quoting Venice
ahaha... got to love it. Only thing I hate about waiting for price to actually turn. Had a beautiful signal for demand entry @ 2912. Oh wells.
but you wld've been fighting strong momentum. it looked like it wanted lower at the time..

fighting over the m5 descending td trendline atm and lt 61.8.
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  • #85,653
  • May 9, 2012 11:01am May 9, 2012 11:01am
Quoting USD-Bear
if 9980 doesn't hold 9967 should
ps not a specialist just like correlating with it
I stand corrected then...

...correcting to very humble specialist
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  • #85,654
  • May 9, 2012 11:01am May 9, 2012 11:01am
Could soon be off
Attached Image
Disclaimer: Check your 1m charts
  • #85,655
  • May 9, 2012 11:02am May 9, 2012 11:02am
Quoting FibbinArchie
but you wld've been fighting strong momentum..
Yep. Have a bad habit of doing that

It's funny, I have zones, and very distinct rules. I don't know what it's going to do, but I know exactly when to pull the plug or let her thrive.

When pulling the plug, about a 90% chance that I can reverse the directions of the play, make back my loss then some. Reading what price is currently doing is not one of my strong suites. For instance, that attempted long at 35 earlier. Knocked me out -6, flipped directions and took 20. Would have been a lot nicer to just make the short play... As you say... hindsight and all... what can ya do. It's possible for me to do that though, because the signal that invalidates the long, is a signal for the shorts.

Edit: More often than not, it seems like my initial choice is the wrong one. I need to focus on how to filter that out. LOL
  • #85,656
  • May 9, 2012 11:02am May 9, 2012 11:02am
Quoting USD-Bear
chanced a GU short last night @ 1.6158

GU M15:
Attachment
added short @ 1.6131 (kind of bounce revenge trade)
Don't be a hero. Don't have an ego. Always question yourself
  • #85,657
  • May 9, 2012 11:06am May 9, 2012 11:06am
Quoting Venice
Yep. Have a bad habit of doing that

It's funny, I have zones, and very distinct rules. I don't know what it's going to do, but I know exactly when to pull the plug or let her thrive.

When pulling the plug, about a 90% chance that I can reverse the directions of the play, make back my loss then some. Reading what price is currently doing is not one of my strong suites. For instance, that attempted long at 35 earlier. Knocked me out -6, flipped directions and took 20. Would have been a lot nicer to just make the short play... As you say......
closing and reversing is usually the way to go instead of holding and hoping, but every situation is different..
  • #85,658
  • May 9, 2012 11:07am May 9, 2012 11:07am
Quoting FibbinArchie
closing and reversing is usually the way to go instead of holding and hoping, but every situation is different..
Yep... it gets really freaky deeky when it is that 10% of the time, when I have to reverse a reversal. Usually I throw in the towel before that point though.
  • #85,659
  • May 9, 2012 11:08am May 9, 2012 11:08am
Quoting Venice
Yep... it gets really freaky deeky when it is that 10% of the time, when I have to reverse a reversal. Usually I throw in the towel before that point though.
pretty safe assumption that you're trying to trade chop if that happens...
  • #85,660
  • May 9, 2012 11:09am May 9, 2012 11:09am
Sneaky short EU @2958...
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