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  • #667,401
  • Jul 10, 2012 5:27pm Jul 10, 2012 5:27pm
Quoting pkimnyc
you don't want to read candles that way. just saying...
ehm...why? Price took out yesterday´s high but still managed to close below yesterday´s low. That should count for something (bearish), right?
  • #667,402
  • Jul 10, 2012 5:28pm Jul 10, 2012 5:28pm
Quoting Myo
OK, but I can´t bring myself to buy Euros now (except for a scalp). Not before we take out 1.24. It just feels wrong.
i am still s the gbp for 1.49 and 1.41 targets.. i probably should close. and short the swan song. euro is banking on selling ebonds.. we tried this back in 2008 by bundling up the good housing loans with the bad ones. then people selling them like Bear and Stearn had no buyers. now they plan do the same by bundling greek and German bonds ect. whats old is new again. sos just a different day. people even here will be a mouthpiece for the banks spreading garbage on how great this is. the problem is the bond market is smarter this time.. they are not going to buy whats being sold. i mentioned that German bonds were risen as the others were dropping a few weeks back. .. shit happens for a reason.. i would like to sell higher. i may have already missed that chance at 2328/39.. i am still hoping we need to test 2368 to give a shot at 2431 min
those who can, do. those who cant, talk about those who can
  • #667,403
  • Jul 10, 2012 5:39pm Jul 10, 2012 5:39pm
Quoting Myo
ehm...why? Price took out yesterday´s high but still managed to close below yesterday´s low. That should count for something (bearish), right?
pkimnyc, I should have asked you to please elaborate. I'm interested in Myo's question.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #667,404
  • Jul 10, 2012 5:43pm Jul 10, 2012 5:43pm
This thing is so bearish right now its not even funny. Well it is for those who are trying to go long. lol! I am short all the way and will be until otherwise noted.
All posts are my personal opinion
  • #667,405
  • Jul 10, 2012 5:47pm Jul 10, 2012 5:47pm
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Founder of Sutherland Wave Principle
  • #667,406
  • Jul 10, 2012 6:04pm Jul 10, 2012 6:04pm
Quoting Rtm
This thing is so bearish right now its not even funny. Well it is for those who are trying to go long. lol! I am short all the way and will be until otherwise noted.
Even extremely bearish doesn't mean it goes in a straight line down.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,407
  • Jul 10, 2012 6:11pm Jul 10, 2012 6:11pm
We're going to interrupt this regularly scheduled gayness with this...

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  • #667,408
  • Edited 6:43pm Jul 10, 2012 6:14pm | Edited 6:43pm
Quoting gatorinla
i would like to sell higher. i may have already missed that chance at 2328/39.. i am still hoping we need to test 2368 to give a shot at 2431 min
As I see it, we spent this week ranging between the 127.1 and 161.8 Fib extension, drawn from the June 28 low to the June 29 high (including the first EU summit-spike). So, as long as we don´t break the 161.8, maybe there´s still steam left for a move back to 2328.
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  • #667,409
  • Jul 10, 2012 6:17pm Jul 10, 2012 6:17pm
Quoting Rtm
This thing is so bearish right now its not even funny. Well it is for those who are trying to go long. lol! I am short all the way and will be until otherwise noted.
Funny thing is, just when you get enough traders with that sentiment, we get a heavy bull run. Which I expect for the rest of this week. Watchout for that FOMC statement tommorrow, could be the Hawkish QE signal that the bulls are looking for as a catalyst for a run.
All that is left in FF is just plain garbage. "Cloggie"
  • #667,410
  • Jul 10, 2012 6:34pm Jul 10, 2012 6:34pm
Quoting tonyo524
Funny thing is, just when you get enough traders with that sentiment, we get a heavy bull run. Which I expect for the rest of this week. Watchout for that FOMC statement tommorrow, could be the Hawkish QE signal that the bulls are looking for as a catalyst for a run.
I'll have everything closed for fomc this time.
It can go either way but if it goes up it will probably be limited
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,411
  • Jul 10, 2012 6:43pm Jul 10, 2012 6:43pm
Quoting gatorinla
i see 1.3120ish or 12431 atm.. bears have party hats on.. not usually a good thing.
Founder of Sutherland Wave Principle
  • #667,412
  • Jul 10, 2012 6:59pm Jul 10, 2012 6:59pm
Quoting KillerWhale
Even extremely bearish doesn't mean it goes in a straight line down.
Not saying it does! Just providing traders with helpful sentiment in regards to making trades in our best interests here.
All posts are my personal opinion
  • #667,413
  • Jul 10, 2012 7:00pm Jul 10, 2012 7:00pm
Quoting Rtm
Not saying it does! Just providing traders with helpful sentiment in regards to making trades in our best interests here.
What I do is usually trade the pull-backs with lower leverage than trading the direction of the trend, and tighter sl.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #667,414
  • Jul 10, 2012 7:03pm Jul 10, 2012 7:03pm
You see on a 1 hour chart we have made a higher low and on a daily looks like a slow down of this downward momentum. However there could be one more fakeout down move before we make a retrace back up which is what I am aiming for at the moment. Just like what EUR/GBP did recently!
All posts are my personal opinion
  • #667,415
  • Jul 10, 2012 7:04pm Jul 10, 2012 7:04pm
Quoting KillerWhale
What I do is usually trade the pull-backs with lower leverage than trading the direction of the trend, and tighter sl.

Thats a good way to do it.
All posts are my personal opinion
  • #667,416
  • Jul 10, 2012 7:15pm Jul 10, 2012 7:15pm
Quoting KillerWhale
What I do is usually trade the pull-backs with lower leverage than trading the direction of the trend, and tighter sl.
Yup, there's very regular pay in that
  • #667,417
  • Jul 10, 2012 7:26pm Jul 10, 2012 7:26pm
Quoting zusch
pkimnyc, I should have asked you to please elaborate. I'm interested in Myo's question.
yes they are very bearish.. and we moved 465 pips.. you need new shorts to go lower. to get them smart money lets a bounce happen..
those who can, do. those who cant, talk about those who can
  • #667,418
  • Jul 10, 2012 7:49pm Jul 10, 2012 7:49pm
Quoting gatorinla
yes they are very bearish.. and we moved 465 pips.. you need new shorts to go lower. to get them smart money lets a bounce happen..
Agreed, if you are a Elliott Waver we have just finished wave 3 in an impluse wave down, corrective wave 4 should allow the bounce before the last wave 5 down! We will see how much the smart money lets it bounce. Thanks for your comments.
  • #667,419
  • Jul 10, 2012 7:53pm Jul 10, 2012 7:53pm
I think the bounce will push us up to 2430ish and if we get momentum could see it go to the 2460's...If the Fed pipes up!
  • #667,420
  • Jul 10, 2012 8:26pm Jul 10, 2012 8:26pm
Everybody is thinking, some with, others without their thin kings.

Me thinking that if it wants, can bounce upto 1.2700.

Here is my thin king:
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