Im on the fence about a new high because the drop from 3333 is somewhat impulsive and can be counted as five waves down, if so then a new high is not possible. But sticking to my current strategy of 'trading what i see', which is three waves up from 3073 and may represent wA in the H&s scenario, wB just completed at 38.2 of wA, and a small wC could fail at 3229(double top) or 3266.
A-Yooooooooooo
id agree, i took a few shorts during the run up after the fed anouncement and now both positions are in profit with stops in profit. hopefully will continue down for a bit, if not ill look to reenter later... mike
id agree, i took a few shorts during the run up after the fed anouncement and now both positions are in profit with stops in profit. hopefully will continue down for a bit, if not ill look to reenter later... mike
The short position is looking mighty good right about now. Good job!!!
A-Yoooooooooo
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
glad had my limits for the 3084 long at 3190...
currently riding heavy shots from not too good region from 3121... need a move lower to 3070 to place break even and let them ride...
Possible extended tgt for the day below 3055-70 comes to around 3010... however it looks grim for euro.. if it could move above 3133 things might change but i think it will fall hard...
continuous bounces from 3093 is making me very impatience as i have heavy leverage riding at the present....
Stops at break even and might lighten some if it is not dipping and staying below 3097..
GL....
Last edited by stryker; 08-10-2010 at 09:41 PM.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
hmm... if this move would have come in the european or the IMM sessions we would have been touching or staying below 3060 by now...
taken all but one and its either this way or that way.. off to bed.....
GL...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
hanging onto my short overnight... I think we're in good shape
Originally Posted by Blaiserboy
Lets hope it keeps moving south, this has been a nice ride.....
Originally Posted by stryker
glad had my limits for the 3084 long at 3190...
currently riding heavy shots from not too good region from 3121... need a move lower to 3070 to place break even and let them ride...
Possible extended tgt for the day below 3055-70 comes to around 3010... however it looks grim for euro.. if it could move above 3133 things might change but i think it will fall hard...
continuous bounces from 3093 is making me very impatience as i have heavy leverage riding at the present....
Stops at break even and might lighten some if it is not dipping and staying below 3097..
got hurt with that news announcement earlier - small lot shorted at 1.315, close stop... even if it just double tops, id rather just re-enter at a better price.
glad had my limits for the 3084 long at 3190...
currently riding heavy shots from not too good region from 3121... need a move lower to 3070 to place break even and let them ride...
Possible extended tgt for the day below 3055-70 comes to around 3010... however it looks grim for euro.. if it could move above 3133 things might change but i think it will fall hard...
continuous bounces from 3093 is making me very impatience as i have heavy leverage riding at the present....
Stops at break even and might lighten some if it is not dipping and staying below 3097..
GL....
Dang, I missed you. I have the drop from 3159 as small w(iii) of 3, so this rally can not violate 3151, was looking to short at 3132(61.8 of 3159 drop) if indicators show the turn. Price currently struggling with the 50 of 3159 drop and 38.2 of 3189 drop, but couldn't find o/b levels to support the down move. Instead, we found 4hr rsi coiling for a move up, waiting for the smaller TFs(both 5 and 30 are currently lining up but no real movement up) indicators to catch up with a long bias. If uncoiled fully, I'd look for 3151 breakage to invalid my count and 5170/89 to re-evaluate. Otherwise, I'm looking to reload short. Off to bed for me too.
Originally Posted by MoneyInc.II
.3131 is will tell all. in terms of more up or more down. Break up I think we see higher highs. if it doesnt i think we see lower lowes.
Sup Money
A-Yoooooooooooo
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
The heat is crazy 11 days of 100+ heat. I am now focused on the 30 TF looking for a .3110 if we get it it means "big Money" "Big Money" at .3110 Will cash out and look up there is an upward channel there. So it will chop its way through or rise fast and give it a bear charge.
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Originally Posted by AyoBro
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