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  • #130,821
  • Feb 20, 2013 10:51am Feb 20, 2013 10:51am
Quoting gatorinla
i dont remember 5334.. ....... its not broken yet, it real close. even with the bear news we still may easily bounce..
Well I do remember. ... and there is a couple of conversation more before and in between.... sorry mate but I never or almost never forget a trading discussion when my key levels are/were in play...

....from 2 years ago..


Quoting sisse
Well It will need a break of [highlight]1.53xx [/highlight]to convince me of that...

In any case, ES hold support for the quarterly close. Euro 1.339x close and got all the other numbers I need

sisse
Quoting gatorinla
before the storm. usually there clouds.
And your chart is here ...
Quoting gatorinla
gu has clouds much older then Greece.
Quoting sisse
Fantastic clean swept on cable 250 ticks in 10 minutes. I hope some of you caught that move (i know gator will be really happy).

The difficult part done FA and TA aligned on cable just ECB conference left just for the sake of volatility as I think the faith is sealed in the pound.

sisse

Quoting sisse
Come on mate don't over react. [highlight]1.53xx was clear but there is no way 1.530x[/highlight] would have been broken a few weeks ago without and FA trigger like QE and stock markets in turmoil flirting to trigger double dip...

Plus TA is yearly/quarterly/monthly and weekly S so I don't think you can see that break that clear that ahead...in any case well done.

GL all again.

sisse

In any case, European closes and ES opening range at decision point intrday for the FOMC. Commodities getting hammered and Euro flirting with a fresh break down in this H4 .... no man land until FOMC and the close...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,822
  • Feb 20, 2013 10:53am Feb 20, 2013 10:53am
Quoting gatorinla
do u see 4216 in your figuring? the reason i ask.. is we broke a high 6317... is a HH... so a long has to be considered before a break. i would normally L here above 5267...
If I do the math from 6377 towards 4216, we are right at the mid now. If I look at it from 6308, the mid sits at 5262, but then the respect for it's upper mofu doesn't fit...
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  • #130,823
  • Feb 20, 2013 11:00am Feb 20, 2013 11:00am
Quoting gatorinla
hatch i closed and have a small L 5296
the precision is missing here by a handful of pips...
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  • #130,824
  • Feb 20, 2013 11:02am Feb 20, 2013 11:02am
Quoting Mr Hatch
If I do the math from 6377 towards 4216, we are right at the mid now. If I look at it from 6308, the mid sits at 5262, but then the respect for it's upper mofu doesn't fit...
Go back a bit further back as there are 4 major swings lows (dec 10 / oct 11/ Jan 12 / Jun 12 and now) in that Strong FA and TA support....my 2 cents: maybe the one in Jan 12 is the one you are looking for...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,825
  • Feb 20, 2013 11:08am Feb 20, 2013 11:08am
Quoting Mr Hatch
If I do the math from 6377 towards 4216, we are right at the mid now. If I look at it from 6308, the mid sits at 5262, but then the respect for it's upper mofu doesn't fit...
is 6377 correct? try 6317
those who can, do. those who cant, talk about those who can
  • #130,826
  • Feb 20, 2013 11:09am Feb 20, 2013 11:09am
Quoting sisse
Go back a bit further back as there are 4 major swings lows (dec 10 / oct 11/ Jan 12 / Jun 12 and now) in that Strong FA and TA support....my 2 cents: maybe the one in Jan 12 is the one you are looking for...
If I go back further, I get a conflicting situation, with a b/o to either side of the "block".
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  • #130,827
  • Feb 20, 2013 11:14am Feb 20, 2013 11:14am
Quoting gatorinla
is 6377 correct? try 6317
I don't have that #
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  • #130,828
  • Feb 20, 2013 11:15am Feb 20, 2013 11:15am
Quoting sisse
Well I do remember. ... and there is a couple of conversation more before and in between.... sorry mate but I never or almost never forget a trading discussion when my key levels are/were in play...

....from 2 years ago..




And your chart is here ...








In any case, European closes and ES opening range at decision point intrday for the FOMC. Commodities getting hammered and Euro flirting with a fresh break down in this H4 .... no man land until FOMC and the close...

sisse
yes that # is on the chart.. but dont forget to look at the target. 1.49xx
those who can, do. those who cant, talk about those who can
  • #130,829
  • Feb 20, 2013 11:21am Feb 20, 2013 11:21am
Quoting Mr Hatch
If I go back further, I get a conflicting situation, with a b/o to either side of the "block".
Yes I know but that is exactly what is happening (the compression triangle range we have been the last 2 years is part of that). The point is that you cannot dismiss the even major swing this time (is long term chart vs mid term chart vs short term charts in play at +/- the same levels)...Only very seldom and every few years you have such major levels in play at the same time.

My point is that you need to look back a bit further back from the all time high swing 2007 (long term 1.533x) which is the major play at these levels (track only with Quarterly) and going down to that 1.527x which is mid term (played with monthly/weekly combo) and only after the short term (that 1.526x which is played with Daily/H4)...sounds like a bitch but it is a bitch as there is a very unique confluence of major TA levels there in addition to strong FA support (1.530x) via monetary policy ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,830
  • Feb 20, 2013 11:27am Feb 20, 2013 11:27am
God, what did I get myself into? I could be beating up kids for not doing their homework...

Thanks, Sisse. I am going to chart that, need a coffee first.
  • #130,831
  • Feb 20, 2013 11:29am Feb 20, 2013 11:29am
Quoting Mr Hatch
I don't have that #
you may have a bad tick.. ask others... i have 6317 and 6316 from 2 brokers.
those who can, do. those who cant, talk about those who can
  • #130,832
  • Feb 20, 2013 11:29am Feb 20, 2013 11:29am
Quoting Mr Hatch
God, what did I get myself into? I could be beating up kids for not doing their homework...

Thanks, Sisse. I am going to chart that, need a coffee first.
lol... it looks a lot easier and clearer in a chart rather than in text...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,833
  • Feb 20, 2013 11:34am Feb 20, 2013 11:34am
Quoting Mr Hatch
God, what did I get myself into? I could be beating up kids for not doing their homework...

Thanks, Sisse. I am going to chart that, need a coffee first.
your doing it right, many dont know the rules we are using and think we are going to drop or rise immediately when a # is reached. we both know this is not the case. its why we look for weakness..at key predictive locations. locations most dont see until we are there.
those who can, do. those who cant, talk about those who can
  • #130,834
  • Feb 20, 2013 11:59am Feb 20, 2013 11:59am
hatch 5338 is minor wave #1 target w/o a LL..
5340
5378
5399
5410/12
5427
5435


5338 or no bulls.
those who can, do. those who cant, talk about those who can
  • #130,835
  • Feb 20, 2013 12:07pm Feb 20, 2013 12:07pm
Quoting Mr Hatch
God, what did I get myself into? I could be beating up kids for not doing their homework...

Thanks, Sisse. I am going to chart that, need a coffee first.
Here is a quick chart for reference only with that long/mid term confluence. Blue is long term, red is mid term.

In the case of the chart there are only basic S/R but in your case you may want to just adjust to your mofus and extra calculation to have those "exact" levels to the pip (as you know me I am not interested in the in between or to the pip points) ...in my case are irrelevant as the issue here is the main direction not the technicalities on how to trigger a fade or a break and how to manage targets and stops...and like always although Gator may disagree with me ..the only mofus in my case that have value are those with the support of price via S/R levels...but to each its own.... point and direction is the same...

I hope it helps

sisse
Attached Image (click to enlarge)
Click to Enlarge Name: CableMonthly022013.png Size: 50 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,836
  • Feb 20, 2013 12:31pm Feb 20, 2013 12:31pm
Quoting gatorinla
hatch 5338 is minor wave #1 target w/o a LL..
5340
5378
5399
5410/12
5427
5435


5338 or no bulls.
voided with the LL
those who can, do. those who cant, talk about those who can
  • #130,837
  • Feb 20, 2013 12:39pm Feb 20, 2013 12:39pm
Sub 3342 top of hour should bring 3280

Quoting pipper
thinking fomc may bring us to the downside tomorrow in late US session
Disclaimer: Check your 1m charts
  • #130,838
  • Feb 20, 2013 12:44pm Feb 20, 2013 12:44pm
Fat finger in Gold has a name now but basically we have clean map for the FOMC minutes. All markets down on air now, a hand from the FOMC (nothing special expected but minutes are minutes like in the morning with the UK) and we may finish with very decent moves across the board....too late too jump in for any potential moves so if you missed the moves..... GL all already in or waiting to jump in ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,839
  • Feb 20, 2013 12:57pm Feb 20, 2013 12:57pm
Expanded view on Cable fwiw..

Monthly charts point to very deep targets off the broken triangle, targeting schiff/channel medians.

Weekly views have the earlier posted daily fork, current HLH (magenta) with a larger timeframe fork (aqua) measured across the range. The weekly target for this fork comes in 5185ish The range's center-point (time), has a mirrored reflection point marked by the red arrows.

My $.02 5185 should cap the movement this week, leading into a correction/retracement phase.

fwiw... cheers everyone
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2013-02-20-GBPUSD weekly_CHARTS.png Size: 143 KB
  • #130,840
  • Feb 20, 2013 1:03pm Feb 20, 2013 1:03pm
Might reach 322x in one sweep

Quoting pipper
Sub 3342 top of hour should bring 3280
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 48 KB
Disclaimer: Check your 1m charts
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