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- TraderDavo replied Oct 18, 2010
They just revised the ticks on both esignal and Yahoo. I think something just got covered up, or there was a universal bad tick. It very clearly dumped 10% in the last minute of trading. Then immediately after close, it went back up 11%. This was ...
- TraderDavo replied Oct 18, 2010
SPY — Did SPY just flash crash or do I have a bad tick? My esignal and yahoo both say it dropped 10% in the last minute of trading. Have not seen a report on it.
- TraderDavo replied Oct 14, 2010
I still think we are headed for a bit of consolidation. This move up has been ridiculous. 1500 pip move with the largest pullback being 280 points. All this while half of Europe has resumed protests and walk outs.
- TraderDavo replied Oct 8, 2010
Also the 50% retrace — Its also the 50% retrace of the Summer 2008 high. Confluence is fun . Add that into 1.40 being a nice round handle, and you might be onto something.
- TraderDavo replied Jun 28, 2010
Anyone that actually listens to cramer is an idiot, plain and simple. Just two weeks ago he was saying BP was a "good buy" because it was a value pick at the time. The next day the stock dropped 5%. He is a certified idiot. Anyone that does 10 ...
- TraderDavo replied Jun 25, 2010
Zoom out. Its a giant and incredibly reliable channel trade. image image Im in it too, already took first contract off and am just above BE on the stop. Its currently sitting at some midterm resistance, but I think it will break through.
- TraderDavo replied Jun 25, 2010
Low, GBPUSD is has just 4H pinned on 1.5 as SUPPORT... You may get your break. I am closing my short since its currently in the black as now I think I will at least get a better chance to short it, if not a true break.
- TraderDavo replied Jun 24, 2010
EUR — The EUR seems to be decoupling from the SP a bit here. I cannot for the life of me see why we have had these two rallies the last few days on the EURUSD cross. Odd as hell. No apparent reason...
- TraderDavo replied Jun 24, 2010
Your yen trade is really going textbook right now. GREAT trade. That 89 level looks like some resistance, but that was about as good an example of a triangle breakout, retest and rebreak as you can get. Good find - I missed it because I am already ...
- TraderDavo replied Jun 23, 2010
I see the reasoning, but you are using a two touch 6 month trendline as evidence that a 3 touch 12 month trendline and a 3 touch 2 year trendline are going to be violated. I think the highs in November 2009 must be included. Your counter trend trade ...
- TraderDavo replied Jun 23, 2010
nice trade. You are correct about the resistance too. The GBP is running up against the same on the USD. We are getting very close to the end of the pull back on the Pound IMO.
- TraderDavo replied Jun 22, 2010
reposting GBP — Not only did it not hurt my setup, it did exactly what I it was supposed to do: image The bounce up also stopped me out, but it was a positive trade, so I see this as just another opportunity to get in for cheaper. We are ...
- TraderDavo replied Jun 22, 2010
not fading it. Waiting for price action in the box I drew 2 weeks ago on this pair. Its still not up to where I think it will go before it really turns back down.
- TraderDavo replied Jun 22, 2010
Don't fret. That 4H trendline is still a sensational place to sell. It will rally back to 1.49 and you can sell it again (as will I).
- TraderDavo replied Jun 21, 2010
May not be a bad idea. I think we are going to visit the 1.20-1.21 area here, though. The 1.28-1.29 area certainly would be a good long term resistance area, but I cannot for the life of me see how its going to get there. There is just too much bad ...
- TraderDavo replied Jun 21, 2010
There are some people bullish, but last weeks "buying" was actually the largest short covering in recent (if not ever) EURUSD history. It was not buying. It was people closing shorts. That is not bullish.
- TraderDavo replied Jun 21, 2010
Ill be watching the daily close. Still early, obviously, but this could be a bearish engulfing. it currently IS a bearish engulfing. Maybe a pullback to 1.2350 before heading to 1.225. I still think we see a pullback to 1.21 at least before it ...
- TraderDavo replied Jun 21, 2010
I think we broke it and retested. I don't know that the pending sell off is going to be what gets us to the lows, but its going to dump 300 points after that trendline break. The Euro is down while the Sunshine Pumper Index (SP 500) is up. This is ...
- TraderDavo replied Jun 21, 2010
finally decoupling? The news out of the Union is continuously bad, bad, bad. All that being said, this thing has taken a "charging" 700 pip pullback. Its do to drop off at least 300 pts here soon, even if its going to continue upward.
- TraderDavo replied Jun 21, 2010
I still think the 1.24-1.26 area is going to be a bear.