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  • #799,721
  • May 21, 2013 10:12am May 21, 2013 10:12am
Quoting gatorinla
{quote} ok man if makes you feel better.. dont use a sl..
Heh but I do, and I don't say we shouldn't use it - I just observe and have a thoughts about stuff, there is a lot of "solid rules" in FX which are passed on from one trader to another, not many contribute to better trading dough.
swing it!
  • #799,722
  • May 21, 2013 10:14am May 21, 2013 10:14am
Quoting maximinus
{quote} stopped at 2920
Bastards. Seems that they have shaked the weak shorts.
Don't be smart. Be rich.
  • #799,723
  • May 21, 2013 10:15am May 21, 2013 10:15am
About...
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  • #799,724
  • May 21, 2013 10:15am May 21, 2013 10:15am
Quoting gatorinla
{quote} a must.. we have a none kosher db already 2933.7 is a mid to 2962
..and it did. Now it becomes a bit tricky..How deep it will go before continuation.. Just above 2875 could be a nice spot to add for a 3030's.
For 2962, 2850's would be ideal
69
  • #799,725
  • May 21, 2013 10:19am May 21, 2013 10:19am
Quoting gatorinla
{quote} a must.. we have a none kosher db already 2933.7 is a mid to 2962
was looking for 2864.9.. 2871 is for the 2964.9 one.. (changed 2962 to 2964.9)
those who can, do. those who cant, talk about those who can
  • #799,726
  • May 21, 2013 10:21am May 21, 2013 10:21am
Quoting Likerty
{quote} ..and it did. Now it becomes a bit tricky..How deep it will go before continuation.. Just above 2875 could be a nice spot to add for a 3030's. For 2962, 2850's would be ideal
posted already
those who can, do. those who cant, talk about those who can
  • #799,727
  • May 21, 2013 10:24am May 21, 2013 10:24am
Quoting tomspin
{quote} Heh but I do, and I don't say we shouldn't use it - I just observe and have a thoughts about stuff, there is a lot of "solid rules" in FX which are passed on from one trader to another, not many contribute to better trading dough.
u made a comment about people trading before ben speech... i posted the advantages to trading before it....
those who can, do. those who cant, talk about those who can
  • #799,728
  • May 21, 2013 10:33am May 21, 2013 10:33am
bbl
2964.9 has its bottom at 2840 ish
3062 has its w/o a LL 2794xl
266x has its norm at 3097
those who can, do. those who cant, talk about those who can
  • #799,729
  • May 21, 2013 10:36am May 21, 2013 10:36am
Quoting gatorinla
bbl 2964.9 has its bottom at 2840 ish 3062 has its w/o a LL 2794xl 266x has its norm at 3097
whats bbl, w/o, xl and norm mean ? i mean the abbreviations ?
  • #799,730
  • May 21, 2013 10:41am May 21, 2013 10:41am
Quoting piptastic7
{quote} whats bbl, w/o, xl and norm mean ? i mean the abbreviations ?
bbl = be back later
w/o = without

Patience, persistence and probabilities.
  • #799,731
  • May 21, 2013 10:42am May 21, 2013 10:42am
i think we will see now a retrce of 30-40 pips, and im not very sure that 1.2932 will be broken
  • #799,732
  • May 21, 2013 10:52am May 21, 2013 10:52am
Quoting Petiedawgs
Looking at the oversold territory and the 4 hour this is not going any lower than 2840 for today. Tomorrow and rest of the week going higher. Mid next week will resume down trend. IMO and just my feeling for the supply resistance currently.
Its now midweek, I estimated that it would go up until midweek and then continue lower. I dont think its going to post a higher high today or tomorrow. Im looking at 1.2500 by end of week.
  • #799,733
  • May 21, 2013 10:55am May 21, 2013 10:55am
Also not sure that USD is still a risk off asset or not, but if it is on the monthly SPX it is way over extended for the month. Im seeing in June a huge down month. If that is the case and USD is correlated to risk off still then we may even see 1.2000 by end of June.
  • #799,734
  • May 21, 2013 11:03am May 21, 2013 11:03am
Quoting Petiedawgs
Also not sure that USD is still a risk off asset or not, but if it is on the monthly SPX it is way over extended for the month. Im seeing in June a huge down month. If that is the case and USD is correlated to risk off still then we may even see 1.2000 by end of June.
Lay down under bernanke's steamroller my boy. It will be painful.
What is any ocean but a multitude of drops?
  • #799,735
  • May 21, 2013 11:08am May 21, 2013 11:08am
Quoting xandi
{quote} ok, 60 pips on the bag..much more coming!! soon I´ll be again catching sun at Tenerife, this time without having to catch cacahuetes and avocato´s!! {image}
ok, almost 100 pips on the bag, and thinking that there´s a lot more to catch, so I´m still leaving this open, and update once a day my sentiment!

catch green pips all!
  • #799,736
  • May 21, 2013 11:29am May 21, 2013 11:29am
Quoting Xhale
{quote} Lay down under bernanke's steamroller my boy. It will be painful.
Granted Bernanke can fart and the market changes. I have my protections in place.
  • #799,737
  • May 21, 2013 11:39am May 21, 2013 11:39am
Quoting gatorinla
{quote} ok man if makes you feel better.. dont use a sl..
Although it's a simple sentence, but it makes my day
  • #799,738
  • May 21, 2013 11:41am May 21, 2013 11:41am
Sell stop hit @ 1.28450 (thought when it reach that level again after those 2 tests of 1.290 it will be going down for good, and just in case I put a sell limit @ 1.29) and then later that sell limit @ 1.290 ... should've got hit in reverse order however this move up was "anticipated" by some traders (and me too, but I'm a newbie what do I know) so I stay calm ... another short waiting @ 1.2945 and still looking @ 1.275 as a TP level. The only thing that bothers me is goods statement that he is no more bearish ... kinda odd though, I hope he saw retracement and decided to catch those 150 pips.
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #799,739
  • May 21, 2013 11:58am May 21, 2013 11:58am
Quoting goods
Short 2871 Tp 2850 Then long 2850 again hopefully for great retrace meant and push above 2880
Oh yes he saw a !!retrace!! another good call by goods, if it goes to south enough he becomes my guru I owe him a V already, just got to collect enough to vouch myself
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
  • #799,740
  • May 21, 2013 12:07pm May 21, 2013 12:07pm
Quoting RsX
{quote} Closed above 2873 (on 5min chart) -> stalled -> smashed to 2900+. No chance for long re-entry, those *bleep*ers. Earliest is 2916-2924 for some intraday resistance, but overall it's good to go into 2940-60 now...
For today, topped at 2916-2924 on my trigger chart (5min), threw spikes into 2930+ a bit - but, looking at the inside the original 2940-60 area as a stronger magnet with more influence currently... so last leg into that area should be in order, still. Will take confirmed reversals from there - or, if this does prove to be the top, shorting at lower levels (under 2890-2900). Initial plan for tomorrow.

On the general side, we've also got some identifiable ihs pattern action over the past 5 trading days... its neckline nicely broken and currently being retested... a good schoolboy bounce from here, heading into ~2950 area, would draw more late longs in and would top that bear cake off with a cherry, completing C-wave in orderly fashion as well...... that's the anticipated scenario - letting time sort it out now.
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Intraday measurements also give an overlapping area with that highest zone. Worth a watch tomorrow..
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Patience, persistence and probabilities.
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