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I came back to find myself stoped out below the low just now :-/ ... I have potential to be stupid here, so I will watch for a bit and calm myself.

 

Something I must improve guys, is the ability to realize when I'm wrong--when it popped above 99 after I had added 1, I did not like the way it stopped dead cold, and then traded back down to 98... yet, I held on and could have gotten out for either a profit, or breakeven, but I was quite stubborn and wanted a replay of yesterday, which did not happen.

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I "suspect" Josh's low or at least yest tail might get tested have CLVN 94.50..

 

Going to scale a bit further down..still holding full load... :rofl:

 

Had paramedics here after my 2 longs ... I have hiogh confidence in my locations using the 15m since once I knew I was wrong I waited for the high of the E period to get tested for the short... just how I like to do it...seems to work with high probability... That was the location IMHO where it was a make or break for the short side with a small risk to Open or HOD... If this short scenario holds I will add on rotations to rebuid my position..of course I'm clueless... :crap:

 

Scaled 94.75 @ CLVN 94.50 .. Still holding balance.. :missy:

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I am looking to see if we can test and hold the singles from yesterday/balance low volume area around 1394.00.

 

94 was my next to last buy area -- below here and we get into the territory of excess from yesterday's test below, and then 87 is fair game IMO.

 

EDIT: bought 95.50 here

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94 was my next to last buy area -- below here and we get into the territory of excess from yesterday's test below, and then 87 is fair game IMO.

 

EDIT: bought 95.50 here

 

Good spot to step in for a long...

 

I'm lonely on the short side :confused:

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(i've pressed that green button now Tom :rofl:)

 

Thanks...:crap:

 

98.00 was closing swing low so it was support... yest..

 

If short is good we are at resistance 97.00 - 98.00 ish... GRRR:helloooo:

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Thanks...:crap:

 

98.00 was closing swing low so it was support... yest..

 

If short is good we are at resistance 97.00 - 98.00 ish... GRRR:helloooo:

 

Sorry buddy, I didn't realise you were still short! :embarassed:

 

It looks like it might be a defective button anyway!!

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Sorry buddy, I didn't realise you were still short! :embarassed:

 

No worry this is what makes this thread very valuable.. I am not conflicted if we are on opposite sides - either way we need each other to make a market and one sides stops will help the other.. :rofl:

 

All Good... :2c:

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Bernanke apparently just said something to the effect of ecb wont print money to stop sovereign defaults. Euro doesn't know what to make of that!

 

He's full of poop...

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He's full of poop...

 

Ahh, but he believes what he says.

 

I feel better now that we actually went(sorry Tom). The ES really looked like it wanted to go, but Euro was not having it. It's times like these that then ES might give up and just test down some more. Not this time. Happy days.

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Bernanke apparently just said something to the effect of ecb wont print money to stop sovereign defaults. Euro doesn't know what to make of that!

 

Just took my first scale at 98.50, stop to 95.75 on rest

Targets 1401 and 1403, perhaps a bit optimistic and will probably take 4 hours or so to get there if we're going...

 

As for Bernanke, this is it:

Fed's Bernanke says sees no danger of ECB printing inflationary amounts of money to prevent a sovereign default

 

Sounds like perhaps you heard it the other way N?

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I covered my last shorts @ 98.75 since 98.00 was my upside resistance.. so now I am flat and will wait to see what we have ... :crap:

 

Still covered most of it 1 tic off the low..not too shabby... so now I will wait to see..considering how we are back in the middle we have 2 - sided trade & possibility of Neutral Day..but hey ACH...

 

 

Hail to the Longs...

Edited by roztom

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Just took my first scale at 98.50, stop to 95.75 on rest

Targets 1401 and 1403, perhaps a bit optimistic and will probably take 4 hours or so to get there if we're going...

 

As for Bernanke, this is it:

Fed's Bernanke says sees no danger of ECB printing inflationary amounts of money to prevent a sovereign default

 

Sounds like perhaps you heard it the other way N?

 

Nice one Josh.

 

and no, that's what I thought I said...

 

Bernanke apparently just said something to the effect of ecb wont print money to stop sovereign defaults.

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While I have migrated away from time-based charts slowly, they still can't be beat for trendlines, since they are constant (relatively) and very widely used, and many people will be looking at the same trend line.

 

I hate trend lines, but I am forced to acknowledge their existence. This 1 minute chart shows a trend line break, and while it's not a "solid" trend line in that it was never respect a third time, which is necessary to really establish it, I am relieved (as a buyer) that it was not respected on this last touch. This will signal to many traders that they are now "safe" to buy; let's see if it plays out that way.

 

Tom, you were buying 98.75, and I was selling 98.50 -- isn't it interesting how having an open position can have such a drastic effect on the perception of value at a particular price?

5aa710df57086_3-21-201211-43-43AM.thumb.png.3824024307ecbef93cdaaf7f97ce8441.png

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While I have migrated away from time-based charts slowly, they still can't be beat for trendlines, since they are constant (relatively) and very widely used, and many people will be looking at the same trend line.

 

I hate trend lines, but I am forced to acknowledge their existence. This 1 minute chart shows a trend line break, and while it's not a "solid" trend line in that it was never respect a third time, which is necessary to really establish it, I am relieved (as a buyer) that it was not respected on this last touch. This will signal to many traders that they are now "safe" to buy; let's see if it plays out that way.

 

Tom, you were buying 98.75, and I was selling 98.50 -- isn't it interesting how having an open position can have such a drastic effect on the perception of value at a particular price?

 

So that was YOU on the otherside... :roll eyes:

 

We see the levels very similarly we just take different actions depending on our position..if you think about it, since I saw that as resistance - if I was long I would be scaling right there a tic or 2 ahead of you...

 

It is also possible that I should still be on the short side BUT there is no conviction at least not now from the shorts but ACH - :doh:

 

I might add that once we go into lunch, one of my favorite times to position for a continuation trade I will evaluate the lay of the land and either join you on the long side or reposition short... I'm getting my Magic 8 Ball out of the closet... I want to see a test against the longs before stepping in... though 95.50 was a test so I would like to see 96.50 get taken out/tested and then consider a long.. :missy:

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Oops, read you wrong sorry :)

 

I am putting my stop to 95, and going to work out for a bit. Looking for 1401, and if I'm lucky 1403.

 

Now that takes @#%^ to go work out..I can barely go to the bathroom.. :angry:

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Now that takes @#%^ to go work out..I can barely go to the bathroom.. :angry:

 

Speaking of which -- I should probably go take care of some business before an accident happens at the desk...

 

Hard to believe the the opening is still the HOD (excluding GBX high)...if we don't break 1401 level today, then I'm definitely joining Tom in the short camp (not to be mistaken with the short bus)...

 

However, still long from 1397...initial target is still 1401...before I start considering where to rotation down will be.

 

CYP

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Speaking of which -- I should probably go take care of some business before an accident happens at the desk...

 

Hard to believe the the opening is still the HOD (excluding GBX high)...if we don't break 1401 level today, then I'm definitely joining Tom in the short camp (not to be mistaken with the short bus)...

 

However, still long from 1397...initial target is still 1401...before I start considering where to rotation down will be.

 

CYP

 

Good location, IMHO.. I almost picked a long up there myself but fiddled while Rome burned :doh: but I am off the shorts for now and am looking for a Neutral Day but ACH..

 

97.00 ish was a spot but I wanted to get it lower to pick it up so I could have more room in the rotation up for a potential test of HOD... - just me... not necessarily good if it keeps going without me... with us heading into lunchtime I was looking for more rotation against the longs but that ship may have sailed... Dunno..

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