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- #30,523
- Jan 15, 2013 1:17pm Jan 15, 2013 1:17pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
if it does not reverse from here
then we are going down
actually I was late
should be @ 3260/70 zone
was away from screen
heard the sound alert & run
GL, just stopped out my sh. If bears can not take it down further with that momentum, I am out. Looks like double pin at 2765 on 15min, just barely touched 2715, and just pierced demand zone and back up.
Good trade but I am done for now. I want to be a buyer, but can't take other side of breakout without more conviction or I will punch myself in the head
The world you desire can be won. It exists.. it is real.. it is possible..
- #30,525
- Jan 15, 2013 1:20pm Jan 15, 2013 1:20pm
GL, just stopped out my sh. If bears can not take it down further with that momentum, I am out. Looks like double pin at 2765 on 15min, just barely touched 2715, and just pierced demand zone and back up.
Good trade but I am done for now. I want to be a buyer, but can't take other side of breakout without more conviction or I will punch myself in the head
"My 2 cents"
- #30,526
- Jan 15, 2013 1:24pm Jan 15, 2013 1:24pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
yes I also enjoy if its my direction
Great move by mkt , i enjoy fast markets .
- #30,531
- Jan 15, 2013 1:36pm Jan 15, 2013 1:36pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #30,533
- Jan 15, 2013 1:41pm Jan 15, 2013 1:41pm
Great question, I would say it has to be amygdala response but things I mentioned to Steve, if was a level you were looking for and comfortable with.
But I am tired and calling it a day, so don't trust my instincts right now.
Plus, as posted earlier I was bearish and not ready to turn it around right now.
Would like to see it turn around faster, as in my experience, sideways cz is most likely to break in direction of trend.
So, if I were to take the other side now and be wrong, I would have to punch myself in the head.
But Steve has...
"My 2 cents"
- #30,534
- Jan 15, 2013 1:45pm Jan 15, 2013 1:45pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
sorry missed that post
I donr expect < 3250
& reverse & go up from here
as posted early this morning
I donr expect < 3250
& reverse & go up from here
as posted early this morning
GL, just stopped out my sh. If bears can not take it down further with that momentum, I am out. Looks like double pin at 2765 on 15min, just barely touched 2715, and just pierced demand zone and back up.
Good trade but I am done for now. I want to be a buyer, but can't take other side of breakout without more conviction or I will punch myself in the head
- #30,539
- Jan 15, 2013 2:17pm Jan 15, 2013 2:17pm
I think its the dow giving us a weak dollar...
Nothing good can happen with the americans in the market
1) The DOW does not determine dollar exchange rate, if anything the dow fluctuates from moves in the dollar's PA.
2) Americans in the market can produce trends just like any other time of day. Also if you dont think Euro and US do not work together well, just look at the sign at NYSE that says EURONext, and some of british anchors that are on during "American" trade hours.
The dollar dominates the trend until knocked off it pedestal as the exchange currency.
"My 2 cents"