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  • #1,241
  • Jul 25, 2012 12:51pm Jul 25, 2012 12:51pm
Quoting supertubes
I would like to see 1.0340 - 1.0345 for a possible short entry with a SL just above 1.0350
This would be ideal... a few pips for me while Essex loads up on longs
  • #1,242
  • Jul 25, 2012 12:52pm Jul 25, 2012 12:52pm
Quoting supertubes
I would like to see 1.0340 - 1.0345 for a possible short entry with a SL just above 1.0350
my view on this.. I don't think it will happen now and once market decides that the "roof" is hit.. it will pull back at which point.. more and more positions will start closing in order for TPs to happen.. which will cause it to go down to the support level that can hold it.

At least that's what, I think "might" happen of course scenario #2 it just stays right in here.. making this the new support. and not going down any further.. and then proceeding to go up.

The bottom line is that.. need to anticipate everything.
There are those who know, and there are those who don't know.
  • #1,243
  • Jul 25, 2012 12:53pm Jul 25, 2012 12:53pm
BB are tightening a bit. We could see a breakout soon. Be careful.
  • #1,244
  • Jul 25, 2012 12:56pm Jul 25, 2012 12:56pm
Quoting supertubes
This would be ideal... a few pips for me while Essex loads up on longs
Indeed. Retracements mean more position building for me
  • #1,245
  • Jul 25, 2012 12:57pm Jul 25, 2012 12:57pm
Quoting mattheweston
BB are tightening a bit. We could see a breakout soon. Be careful.
not till tonight.. The Aussie already moved.. 150 pips.. Which is way more then it averagely moves, a combination of a lot of stuff give it a lot of steam power.. But.. As London is closed.. U.S is nearing closing.. Asia is approaching.. It will start unwinding.. the question IS.. will it unwind "enough" to give it a pull back.. OR will it stay in this range in order to build up to a move higher from here.. which is "the interesting part"

Of course, its not interesting when we got money on the table with this.. Don't like the "unknown" factor.
There are those who know, and there are those who don't know.
  • #1,246
  • Jul 25, 2012 12:57pm Jul 25, 2012 12:57pm
Markets are a mind game-- I shouldn't have to tell you this if you have been around them for a while. Do your best not to let the mind game takeover. Also do your best to realize that, on the one hand, the "long term" can be a "long time," but patience and perseverance can pay off.
  • #1,247
  • Jul 25, 2012 12:58pm Jul 25, 2012 12:58pm
maybe the bear will backstabbing the bull
Let see if the bull strong enough to kick the bear out

https://www.tradingview.com/x/4LR5Re9a/
  • #1,248
  • Jul 25, 2012 1:02pm Jul 25, 2012 1:02pm
Quoting chiknthief
Markets are a mind game-- I shouldn't have to tell you this if you have been around them for a while. Do your best not to let the mind game takeover. Also do your best to realize that, on the one hand, the "long term" can be a "long time," but patience and perseverance can pay off.
If there was easy money lying around,no one would be forcing it into your
  • #1,249
  • Jul 25, 2012 1:03pm Jul 25, 2012 1:03pm
Daily seems like form a bullish engul bar,whatever it is..every formation was formed need to be confirmed also

lets see tomorrow
If there was easy money lying around,no one would be forcing it into your
  • #1,250
  • Jul 25, 2012 1:04pm Jul 25, 2012 1:04pm
Cycles and seasonals are just now entering a bearish timeframe. The battle between the bulls and the bears makes for choppy price action. Let the bulls have their way at the moment but be ready to POUNCE,
  • #1,251
  • Jul 25, 2012 1:05pm Jul 25, 2012 1:05pm
For the sake of my greed of wanting to build more LT long positions and for your sake of intraday positions.

I hope you bears are right.
  • #1,252
  • Jul 25, 2012 1:11pm Jul 25, 2012 1:11pm
I don't think we will see a clear bear win till middle of next week -IMHO-

And my BB tightening is on the 4 hr TF so it tells me that it's setting up for a breakout tonight.
  • #1,253
  • Jul 25, 2012 1:12pm Jul 25, 2012 1:12pm
Quoting chiknthief
Cycles and seasonals are just now entering a bearish timeframe. The battle between the bulls and the bears makes for choppy price action. Let the bulls have their way at the moment but be ready to POUNCE,
Today aussiedollar have a good price action for long
look the 00.00 bar/candle was formed and peirce 50% over the previous candle on 4H timeframe
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If there was easy money lying around,no one would be forcing it into your
  • #1,254
  • Jul 25, 2012 1:17pm Jul 25, 2012 1:17pm
I see stubborn weekly resistance in the 10327-10350 range.
  • #1,255
  • Jul 25, 2012 1:28pm Jul 25, 2012 1:28pm
Daily close above could lead us higher, however, I am not a believer, outlook is still BEARISH for me...
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  • #1,256
  • Jul 25, 2012 1:29pm Jul 25, 2012 1:29pm
Quoting chiknthief
I see stubborn weekly resistance in the 10327-10350 range.
This is why I was looking to possibly short there expecting it to bounce down to around 103.
  • #1,257
  • Jul 25, 2012 1:32pm Jul 25, 2012 1:32pm
By daily close above I meant this level.
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  • #1,258
  • Jul 25, 2012 1:54pm Jul 25, 2012 1:54pm
Resistance :

Weekly pivot = 10340

.618 retracement = 10368

Gap = 10364 - 10376
  • #1,259
  • Jul 25, 2012 2:07pm Jul 25, 2012 2:07pm
Hourly spinning top candle - bearish?
  • #1,260
  • Edited 3:15pm Jul 25, 2012 2:49pm | Edited 3:15pm
Still about 20 minutes to H4 candle close, however it looks like a fair rejection both of SMA34 and DUTL.

Anyway we're still in the "no-man's land ranging zone" IMO, though wide enough to gather some pebbles here and there.

BBs on H4 are slowly tightening around 1.0220/1.0350 zone but we might have to wait for next week for a clear break on a tighter zone.

Time will tell...

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An AB=CD projection of previous H4 swing low would reach to about 1.0067 (268 pips on my charts) which also represents a 138.2 Fib extension on that swing.

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