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  • #1,341
  • Aug 7, 2012 1:56am Aug 7, 2012 1:56am
Quoting MaxDoom
morning Crassius

nice read all makes sense, as you can see from my previous post I am still working on the correction of the lower leg of the trend down which when complete will become the WA for the larger correction that you refer to
Thanks...

I remain fully prepared to change my count several more times as it's August after all, and as mentioned previously, we often get frustrating sideways action.... but as I see it this morning looking across asset classes... that's my call for now.... We all must remain nimble this month, me thinks.
  • #1,342
  • Aug 7, 2012 2:10am Aug 7, 2012 2:10am
Quoting FXMindset
Short 1.2390 stop 1.2407 risk 1% Tp : Open
Close BE
If there was easy money lying around,no one would be forcing it into your
  • #1,343
  • Edited 2:32am Aug 7, 2012 2:12am | Edited 2:32am
Quoting Crassius
Just bought a March 2013 Put on Spy strike 140 for 9.72... Trades 139.95

Yesterday I took this short on the S&P500 Index with some time to run to give me breathing room should the market get silly and challenge the 2012 high... which is not that far away.

I think 1400 is getting rich for US stocks, and my view that we likely stall here is reinforcing my EURUSD call for lower before we but in the August high. I certainly wouldn't put it past this market.... which is so biased for the upside... to make a run at the yearly high... so I allowed time on my option to still have the inevitable correction happen after a failed run at those highs, should it come... which will lead EURO higher with it...

Today I will take Euro day trades in either direction, If a qualifyinga bullish entry materializes.... not on expected Euro strength... but more likely on an S&P breakout above 1400 on a run at the channel high and yearly high confluence. It may prove too tempting a target for the market not to shoot at it.... where it will fail if reached. But like the EURO, I see S&P stalling here and falling back.
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  • #1,344
  • Aug 7, 2012 2:13am Aug 7, 2012 2:13am
Quoting FXMindset
Close BE
Long @ 1.2395 stop @ 1.2375 risk 1% TP : Open
If there was easy money lying around,no one would be forcing it into your
  • #1,345
  • Aug 7, 2012 2:36am Aug 7, 2012 2:36am
Quoting FXMindset
Long @ 1.2395 stop @ 1.2375 risk 1% TP : Open

morning

I am long from the break of 1.24 TP 1.245x or greater
  • #1,346
  • Aug 7, 2012 2:40am Aug 7, 2012 2:40am
Right out of the EURO open gate the S&P makes a run at yesterday's highs.... pulled by the DAX.... both of them pulling EURUSD along for the ride.
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  • #1,347
  • Aug 7, 2012 2:46am Aug 7, 2012 2:46am
Quoting MaxDoom
morning

I am long from the break of 1.24 TP 1.245x or greater
Morning Bro,

We keep see london buying and NY shorting
If there was easy money lying around,no one would be forcing it into your
  • #1,348
  • Aug 7, 2012 3:05am Aug 7, 2012 3:05am
really looking for this move to make it to 1.245x then I start looking for those shorts with confidence.
  • #1,349
  • Aug 7, 2012 3:41am Aug 7, 2012 3:41am
closed my EU long

short cable @ 1.5627
short Dax @ 6956

thinking we may get a little pullback here before any further direction
  • #1,350
  • Aug 7, 2012 3:43am Aug 7, 2012 3:43am
Yesterday Vs Today
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  • #1,351
  • Edited 4:48am Aug 7, 2012 4:47am | Edited 4:48am
Good morning

I am holding small short sell from 2410 secured with SL just under that level. There is more consolidation, not much data to push us in either direction imo.
PA doesn't say much at least for me, but 24 is a good starting point for both bulls & bears.
Good luck everybody
swing it!
  • #1,352
  • Aug 7, 2012 4:57am Aug 7, 2012 4:57am
Quoting MaxDoom
closed my EU long

short cable @ 1.5627
short Dax @ 6956

thinking we may get a little pullback here before any further direction

Cable closed out at BE - disappointing

Dax taken half @ 6920 remainder on a trail
Crude short from 92.22 - BE and trail @ + 45
EU short set to BE a bit tight but can always re-enter
  • #1,353
  • Aug 7, 2012 5:40am Aug 7, 2012 5:40am
Good morning
Trend is on the long side but 2427 seems hard to break with a close, so scalping by now 5 to 10 pips.
Nice move on London open, should wake up earlier
  • #1,354
  • Aug 7, 2012 7:10am Aug 7, 2012 7:10am
Lets see if this short works @2430
SL 2438 1st tgt 2390

too tigth SL
  • #1,355
  • Aug 7, 2012 7:58am Aug 7, 2012 7:58am
Large Sell orders filled being touted trades 2416 after touching 2442 daily high...
  • #1,356
  • Aug 7, 2012 8:01am Aug 7, 2012 8:01am
Quoting FXMindset
Long @ 1.2395 stop @ 1.2375 risk 1% TP : Open
Locked in BE & Long Hold
If there was easy money lying around,no one would be forcing it into your
  • #1,357
  • Aug 7, 2012 8:09am Aug 7, 2012 8:09am
Looks like our lady wants that 2460, I took small short on EJ from 97,50 will micromanage from here. Flexible SL I will hold it unless H4 close above 97,65 I would expect some buy stops above 80 - seems logical
swing it!
  • #1,358
  • Aug 7, 2012 8:15am Aug 7, 2012 8:15am
Quoting tomspin
Looks like our lady wants that 2460, I took small short on EJ from 97,50 will micromanage from here. Flexible SL I will hold it unless H4 close above 97,65 I would expect some buy stops above 80 - seems logical
I think we just found out where some major supply lies... They didn't have enough faith to stick the sell orders at R1.

There is speculation swirling over the large orders at 2440 with several theories making the rounds...

This is a favorite parlor game...

There is an Option expirey at 2450 of course... possible they were protecting themselves from a loss by going in and covering their exposure. Who knows... It could be a one off seller who got his fill nd the supply is gone now.

... or we could see continued supply dumped into that level... something to watch..... makes 2460 on the wrong side of a zone of interest though.
  • #1,359
  • Aug 7, 2012 8:22am Aug 7, 2012 8:22am
Quoting FXMindset
Locked in BE & Long Hold
5M
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If there was easy money lying around,no one would be forcing it into your
  • #1,360
  • Aug 7, 2012 8:26am Aug 7, 2012 8:26am
Quoting Crassius
I think we just found out where some major supply lies... They didn't have enough faith to stick the sell orders at R1.

There is speculation swirling over the large orders at 2440 with several theories making the rounds...

This is a favorite parlor game...

There is an Option expirey at 2450 of course... possible they were protecting themselves from a loss by going in and covering their exposure. Who knows... It could be a one off seller who got his fill nd the supply is gone now.
... or we could see continued supply dumped into that...
I meant 2447 sorry
My R1 stands at 2447 to be precise, move started yesterday from S1 2345 by rejecting that level so this would be a natural move between pivots,

This could be a possibility for such a pathetic bull move - cannot see real supply at present levels as well. Strong bull would be way over 2450 by now wouldn't it?

I closed EJ and standing aside, these are not levels I want to go in.

These pivots are calculated and depend on your broker data so will be differences 3/5 pips but give me general idea where to place my trades

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swing it!
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