2 hrs....supp 3594 followed by 3553 followed by 3532 (imp) followed by 3448 for this current 2 hrs only else 3594 increasing and rest decreasing..
2 hrs....supp 3588 followed by 3540 followed followed by 3448 for this current 4 hrs only
under 3588 it gets bearish..
Resis wise matches at 3630-33 followed by 3688-92 followed by 3720 followed by well 3844-55...
It's been an amazing day...... benny boy later so if awake i might be tempted...
GL..
some heavy shorts rt under 3587 and taken most out around 3551 touch of 15 mins supp. hedge longs off 3552 in but i suspect 3540 or perhaps even 3532 possible.. 3532 breaks and this could fall like aud been falling...
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...
some heavy shorts rt under 3587 and taken most out around 3551 touch of 15 mins supp. hedge longs off 3552 in but i suspect 3540 or perhaps even 3532 possible.. 3532 breaks and this could fall like aud been falling...
GL..
added shorts all the while cashed all but a loner short and hedged opened up which are heavier to longs.. cashed some for quick scalps and since we tested the same breakout lvl of yesterday, if we do end up getting a nice bounce that can go higher to 3595 i would expect 37+ play coming then..
benny boy in an hr time ....... so becareful..........
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...
Thanks for the reminders of "benny boy" If I am in at that time it is good to know.
MYSTIC you around, how did you count that last drop from 1.3691
I have it as an abc I think it is an A we do a B to 1.3640 then yipe a C at 1.618 to 1.3375 ( I also have another fib of interest in that area and even a 3rd one that could be considered satisfied as well.
Just curious what you are feeling
I also have an alternate plan, just gonna nail the pieces together to perceive targets just in case.
Or anyone else for that matter
Last edited by captester; 09-28-2011 at 04:37 PM.
_______________________________ Just cleaning up all the leftover pips
Thanks for the reminders of "benny boy" If I am in at that time it is good to know.
MYSTIC you around, how did you count that last drop from 1.3691
I have it as an abc I think it is an A we do a B to 1.3640 then yipe a C at 1.618 to 1.3375 ( I also have another fib of interest in that area and even a 3rd one that could be considered satisfied as well.
Just curious what you are feeling
I also have an alternate plan, just gonna nail the pieces together to perceive targets just in case.
Or anyone else for that matter
no probs.. but if his speech gets to move the mkt then 3630 clean break has poss tgt of 3444 and if 3605 breaks we could be in for a 3722 showdown......
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...
If you don't mind I'd like to share my updated overall view based on 4hr Ichimoku chart.
It looks to me the PA is ready to resume the MT downtrend:
We've seen before how the cloud's boundary provided resistance.
1) We're in a similar situation, where the cloud serves as resistance
2) PA is creating lower and lower highs
3) ST up trendline has been broken
4) PA broke below Tenkan Sen (currently supported by Kijun Sen).
I's like to go short on any pullback towards the PP in the 1.356-1.358 area. The PA should stay below 1.36 (SSA and TS).
put a short in around 354 im pretty sure its gonna hit my take profit of 352 with in this week any suggestions. Im a market feel trader, im trying to work on incorporating technical and funadamental analysis into my trades. I have been fairly succesfull so far with a simulator.
i welcome to suggestions
i also have a larger short at the 3620 level im considering taking some profits...tips?
Price is being caped by 1.3650 and as long as price trades below this level investors will be looking for a decline to 1.3520 which is the overnight high. A breakout above 1.3650 will lead to a move to 1.3700 which is yesterday’s high and then to 1.3750 which is the R2 level of the Pivot point indicator. Price only trades above R2 17% of the time which makes the R2 level a good level to sell if long the market.
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Thanks for the reminders of "benny boy" If I am in at that time it is good to know.
MYSTIC you around, how did you count that last drop from 1.3691
I have it as an abc I think it is an A we do a B to 1.3640 then yipe a C at 1.618 to 1.3375 ( I also have another fib of interest in that area and even a 3rd one that could be considered satisfied as well.
Just curious what you are feeling
I also have an alternate plan, just gonna nail the pieces together to perceive targets just in case.
Or anyone else for that matter
Think we may be in a flat, 13720 gives a(of B)=c(of B) of as the move up this morning doesn't look complete to me yet. chart below, which if this wave now is an impulse looks reasonable:
However, if this is a triangle, or another impulse up, which it could be (the last wave retraced to the 50% fib) then i'm looking for the top of the channel at 13770 for the end of iii of 3. US GDP later.
there is small wave (over your red "c" ) which we can count maybe as 1 and 2 ?
in this situation ABC will be finish on last bottom
OT - I heard that it's large option on 3850
sure, but i don't think c of b is done yet, i.e. we have more up from here before starting wave C of B. anyway i'm not sure what we'll get. might wait til US GDP is out and see where we are.
boy what a start.. stopped out on all 3 pairs but covered most so far. went shorting too early too fast. will stick with euro only today for a while unless something good comes up on other pairs.
would be in and out the whole day so relying on limit orders.. taken longs on euro off 3628 i was spotting and would like to know if we can test and perhaps break 3688-95.. 3720 comes next but a close higher to 3699 would bring focus to 3850 now..
lets hope this can stay above 3600...
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...
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Originally Posted by stryker
