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  • #797,001
  • May 13, 2013 4:07am May 13, 2013 4:07am
Quoting KillerWhale
{quote} I have absolutely no idea why you are bullish
I'm playing with the daily range 1,2900/1,3200.

I have to admit daily is for the bears, but it's a just a rejection off the highs.

And there are a few areas on the upside that needs to be tested such as 1,3065/70 & 1,3105/10...maybe 1,3135/40.

I'm still eyeing below 1,2900 on daily, then i'll be very cautious about shorts.
COT: The precious data ignored
  • #797,002
  • May 13, 2013 4:09am May 13, 2013 4:09am
And bears stepped back again...strongly.
Bearish engulfing candle with very high vol...back below 1,2970.

If they are not happy it's heading to 1,292x
COT: The precious data ignored
  • #797,003
  • May 13, 2013 4:11am May 13, 2013 4:11am
Quoting Tom_D_Trader
{quote} I will be loading from ,291 . No stress Whale, there are pips for everyone, bulls and bears. Anyway, I know that weekly candle is scary, but if you just take in account lots of oscillators are going to be oversold, we are set at least for technical correction. Not mentioning S&P breaking highs here.
Pre-market is in the red for s&p, Nasdaq and dow at this moment
New voice message: Why are you calling me? If I need you, I'll call you!
  • #797,004
  • May 13, 2013 4:15am May 13, 2013 4:15am
Quoting Tom_D_Trader
{quote} I will be loading from ,291 . No stress Whale, there are pips for everyone, bulls and bears. Anyway, I know that weekly candle is scary, but if you just take in account lots of oscillators are going to be oversold, we are set at least for technical correction. Not mentioning S&P breaking highs here.
When? I cannot find 1 time frame that is oversold
New voice message: Why are you calling me? If I need you, I'll call you!
  • #797,005
  • May 13, 2013 4:19am May 13, 2013 4:19am
Quoting KillerWhale
{quote} Pre-market is in the red for s&p, Nasdaq and dow at this moment
Maybe you are watching some ETF? Both Bloomy and Yahoo have S&P at +0.43% and breaking highs. Anyway, I aint talking about this exact minute, but about general conditions of market. And general conditions are: All around the world, they print like mad, only major economy getting ahead of everyone else is US. Those hoardes of funny money are going to flow into US stocks, who happen to have negative correlation with USD. Maybe not in this minute, maybe it can wait an hour, maybe even two days, maybe even a week. But even if this counter market situation prevails (rofl Oil down with problems in Syria?), I cant see E/U going lower than ,265. If that happens, rally up will be brutal. I dont expect this is going to be the case though and hope bulls wake up till Wednesday and week closes above ,303.
"I know one thing, that I know nothing." Sokrates
  • #797,006
  • May 13, 2013 4:21am May 13, 2013 4:21am
Quoting KillerWhale
{quote} When? I cannot find 1 time frame that is oversold
Wut? I dont use oscillators, I dont care in fact. But eh, they tend to be oversold after strong downtrend, dont they?
"I know one thing, that I know nothing." Sokrates
  • #797,007
  • May 13, 2013 4:26am May 13, 2013 4:26am
Dunno, I just randomly picked up few oscillators and placed them in H4. Stoch oversold, CCI just moved from oversold condition, MACD triggered correction as well. I really dont care about these indicators in fact, but heck, after downtrend, oscillators simply are usually oversold. Thats just the way they work.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 24 KB
"I know one thing, that I know nothing." Sokrates
  • #797,008
  • May 13, 2013 4:30am May 13, 2013 4:30am
I have my short position today at 2985. Praying 2975 to hold. targeting at least 2950.
Why am i having this feeling it wants to clear 2988 with a spike... please don't let it happen.
  • #797,009
  • May 13, 2013 4:30am May 13, 2013 4:30am
Quoting Tom_D_Trader
{quote} Wut? I dont use oscillators, I dont care in fact. But eh, they tend to be oversold after strong downtrend, dont they?
By looking at m5, they are playing a weird game this morning.
Trying to make you think we'll go up but instead it's going down (or the other way).

Interesting monday morning...love it
COT: The precious data ignored
  • #797,010
  • May 13, 2013 4:33am May 13, 2013 4:33am
Quoting kuroro001
Trying to make you think we'll go up but instead it's going down (or the other way).
Y, I lost 0,5% on these stupid moves. Now am just patiently waiting for ,291 test.
"I know one thing, that I know nothing." Sokrates
  • #797,011
  • May 13, 2013 4:35am May 13, 2013 4:35am
Quoting Tom_D_Trader
Dunno, I just randomly picked up few oscillators and placed them in H4. Stoch oversold, CCI just moved from oversold condition, MACD triggered correction as well. I really dont care about these indicators in fact, but heck, after downtrend, oscillators simply are usually oversold. Thats just the way they work. {image}
By looking at all this indicators i understand why people fail.

1) they are all the same
2) they exactly follow the PA, not the other way
3) oversold/overbought? wtf does it mean ?
COT: The precious data ignored
  • #797,012
  • May 13, 2013 4:35am May 13, 2013 4:35am
It will drop like a rock. First target 1.2905, second 1.2835, third 1.2774. It will break 1.2950 easy, just watch.
  • #797,013
  • May 13, 2013 4:39am May 13, 2013 4:39am
Quoting kuroro001
By looking at all this indicators i understand why people fail.
Ever told you about my first trading system? It was something like: Stoch moves from oversold/overbought condition, MACD confirms change of trend by peaking and 3 types of MA´s have to go in direction of trade. Burned pretty fast .
"I know one thing, that I know nothing." Sokrates
  • #797,014
  • May 13, 2013 4:42am May 13, 2013 4:42am
in 20 minutes we will have a new higher lower in 1H chart
  • #797,015
  • May 13, 2013 4:44am May 13, 2013 4:44am
Quoting Itrade24h
in 20 minutes we will have a new higher lower in 1H chart
Never heard of it....new kind of PA ?
COT: The precious data ignored
  • #797,016
  • May 13, 2013 4:45am May 13, 2013 4:45am
By the way...sory, I have't presented myself. Names Roman, I'm bearish, have traded for some 4 years...new on this forum. Interesting setups you guys have here, I've grown quite fond of this forum...
  • #797,017
  • May 13, 2013 4:47am May 13, 2013 4:47am
Quoting Tom_D_Trader
{quote} Ever told you about my first trading system? It was something like: Stoch moves from oversold/overbought condition, MACD confirms change of trend by peaking and 3 types of MA´s have to go in direction of trade. Burned pretty fast .
Haha same club
I've tried MACD/RSI/Ichimoku, etc...Hundreds of it.

And then deleted everything, we feel better naked don't we ?
COT: The precious data ignored
  • #797,018
  • May 13, 2013 4:50am May 13, 2013 4:50am
Quoting The_Roman
By the way...sory, I have't presented myself. Names Roman, I'm bearish, have traded for some 4 years...new on this forum. Interesting setups you guys have here, I've grown quite fond of this forum...
Welcome on board
COT: The precious data ignored
  • #797,019
  • May 13, 2013 4:55am May 13, 2013 4:55am
Quoting kuroro001
{quote} By looking at all this indicators i understand why people fail. 1) they are all the same 2) they exactly follow the PA, not the other way 3) oversold/overbought? wtf does it mean ?
It means, that when price makes a breakout - you need to trade against the movement Especially if H1 made a candle of oposite collor and its already too late even for a scalp
69
  • #797,020
  • May 13, 2013 4:56am May 13, 2013 4:56am
Quoting Tom_D_Trader
{quote} Ever told you about my first trading system? It was something like: Stoch moves from oversold/overbought condition, MACD confirms change of trend by peaking and 3 types of MA´s have to go in direction of trade. Burned pretty fast .
i thought it would have touched 34 by but disappointed to see atm looks not trade for me today as i have to windup my day soon , looks baby bull hiked in but i don't see any low risk entry here

edit : tomorrow German ZEW Economic Sentiment might be another big bear as so call anaylist put expectation on the roof
Mohan
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