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  • #2,121
  • Oct 8, 2012 6:35am Oct 8, 2012 6:35am
Quoting danc
MM i have it at 50% of that range up.. and using week pivots i have 3 points around this area.. including current week.. ppx.. abt 10 abve were it is at mo.. but i would want to see diffrent price action than i am seeing at mo for me to put my monie on..similar situation with Cable.. just my thoughts..
I guess the daily candle is just too soon, we have 9:30 more hours till the candle closes. Though it might be just a good time for a small retrace. Cable might find its way around 1.5940 price level.

Green Pips
  • #2,122
  • Oct 8, 2012 7:00am Oct 8, 2012 7:00am
Taking back the 100 HMA key to kill the bearish momentum... currently @ 2962....
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  • #2,123
  • Oct 8, 2012 7:06am Oct 8, 2012 7:06am
Quoting mikeylp
I guess the daily candle is just too soon, we have 9:30 more hours till the candle closes. Though it might be just a good time for a small retrace. Cable might find its way around 1.5940 price level.

Green Pips
I use day candles all the time.. it works well for me..the resistance is still the same were it be 1 min or 1 day..Its a daily 50% point and 3 longer term pivot points at or around this area.. doesnt matter wht candle it is..
  • #2,124
  • Oct 8, 2012 7:10am Oct 8, 2012 7:10am
Here is a 4 hr one that has closed.. still the same points.. is that good enough for you??and a pin bar at that..
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  • #2,125
  • Oct 8, 2012 7:12am Oct 8, 2012 7:12am
Quoting danc
I use day candles all the time.. it works well for me..the resistance is still the same were it be 1 min or 1 day..Its a daily 50% point and 3 longer term pivot points at or around this area.. doesnt matter wht candle it is..
It is actually not what I meant, I meant the candle formation itself alone that's all. The 50% retracement and resistance confluence is another thing, sorry for misleading by my post.
  • #2,126
  • Oct 8, 2012 7:13am Oct 8, 2012 7:13am
Quoting danc
Here is a 4 hr one that has closed.. still the same points.. is that good enough for you??and a pin bar at that..
  • #2,127
  • Oct 8, 2012 7:28am Oct 8, 2012 7:28am
Quoting mikeylp
It is actually not what I meant, I meant the candle formation itself alone that's all. The 50% retracement and resistance confluence is another thing, sorry for misleading by my post.
No problem Mikey.. May the peace be with you
  • #2,128
  • Oct 8, 2012 8:56am Oct 8, 2012 8:56am
Hey

An Idea for a Cypher about to form along with a corrective Elliot wave (ABC), nice one;
Of course at least fib-38.2 retrace for current move for 1st target,
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Green Pips
  • #2,129
  • Oct 8, 2012 10:58am Oct 8, 2012 10:58am
Quoting Crassius
Just got filled on a long 2977 at channel bottom posted above.... may see one more push at 3173 highs...

I just took half of this off at - 2 Pips....
  • #2,130
  • Oct 8, 2012 10:02pm Oct 8, 2012 10:02pm
Quoting Crassius
Just got filled on a long 2977 at channel bottom posted above.... may see one more push at 3173 highs...

Quoting Crassius
I just took half of this off at - 2 Pips....

Just closed the second half +2. I didn't like that trade from the beginning. It does have a good risk/reward when played on a swing basis against 2875, but I think we are in for some more consolidation, and that brings the risk of an ultimate test of 2740 too much into play....
  • #2,131
  • Oct 8, 2012 10:39pm Oct 8, 2012 10:39pm
Now looking to sell into 3030 against the NFP high, and play it back to 2750, taking some off 2880.
  • #2,132
  • Oct 8, 2012 11:03pm Oct 8, 2012 11:03pm
Quoting Crassius
Now looking to sell into 3030 against the NFP high, and play it back to 2750, taking some off 2880.
MMmm.. 30 30 you reckon?? will watch..I got pivot cluster.. mth and 3 mth.. 3048..week 3050.. and back weeks from 36 to 57.. also just over 3100/3130strong area.. must check see if i can get fibo.. anf fibo exts around these points.. who the fk really knows thou
  • #2,133
  • Edited 11:09pm Oct 8, 2012 11:08pm | Edited 11:09pm
Quoting danc
MMmm.. 30 30 you reckon?? will watch..I got pivot cluster.. mth and 3 mth.. 3048..week 3050.. and back weeks from 36 to 57.. also just over 3100/3130strong area.. must check see if i can get fibo.. anf fibo exts around these points.. who the fk really knows thou

3048 is on my list of resistance. Looking at price action in the past around 3030, and given the distance back to 3071, I can get in at 3030 and still have a nice Risk/Reward ratio.

May take it off it thirds... 1st 3rd at 2880, then 2810 and hang on hoping for 2740....

Its all about Risk/Reward.. 3048 is stronger than 3030, but we may never get there, and 3030 still offers a good Risk/Reward...
  • #2,134
  • Oct 9, 2012 2:59am Oct 9, 2012 2:59am
Woo preety wild stuff.. 5 min gave clear short signal.. not that i traded it.. picture of EU.. 4 hr.. has hit .618% lilike last nite 50% was resistance..also 200 ext fibo.. no clear pivots at this point.. that i can see..based on USDX i think it will go a little lower.. at the very least has hit lower trendline
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  • #2,135
  • Oct 9, 2012 3:18am Oct 9, 2012 3:18am
Playing the bounce off the .618
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  • #2,136
  • Oct 9, 2012 4:51am Oct 9, 2012 4:51am
Quoting Crassius
Playing the bounce off the .618

Stoploss to Break Even
  • #2,137
  • Edited 7:01am Oct 9, 2012 7:01am | Edited 7:01am
Potentially we have started a 3rd wave higher.... 3rd waves are the money makers. Hourly data... 3rd wave would take days to unfold.
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  • #2,138
  • Oct 9, 2012 8:46am Oct 9, 2012 8:46am
Picked up another fill down at 2907.... increased position size. Took a NZDUSD at the same time with a tight stop on that one...
  • #2,139
  • Oct 9, 2012 9:40am Oct 9, 2012 9:40am
S&P needs to hang onto that bottom or the bottom falls out of several markets... including EURUSD.
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  • #2,140
  • Edited 9:52am Oct 9, 2012 9:50am | Edited 9:52am
There goes the S&P....
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