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jsspmk replied Jun 25, 2010Weekly TICK remains vastly bearish IMO. Indices trading near major average & key support zone. Once broken it will tough for PPT to turn it around. Financial writers do not post anything that may translate into a positive ie continuation of longer ...
Spot FX Day Trader's Thread
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jsspmk replied Jun 24, 2010Rule of 3 consecutive up days is almost upon us, selling 3rd day's high or near marking stop above 1.5120 is statistically less risky.
Spot FX Day Trader's Thread
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jsspmk replied Jun 24, 2010Forgetting TA for a minute, UK just published emergency budget, which is being "digested". I agree that 1.5 ought to prove resistance, but not tick for tick, possible push towards 1.512, especially with reduced interest.
Spot FX Day Trader's Thread
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jsspmk replied Jun 23, 2010Not quite mon ami, ES has to go through 1036.75 first. Then we ought to see 941, if fails to hold 865

Spot FX Day Trader's Thread
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jsspmk replied Jun 23, 2010Indeed, it's a sign of what we are now, lazy & over paid for the laziness. Appaling football from England, they should be disgraced on TV when they come back. I am sure they will put in more of an effort against Slovenia now, but it may not be ...
Spot FX Day Trader's Thread
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jsspmk replied Jun 22, 2010Howdy from sunny Turkey! Alright? S&P stuck below 1126, I sense we get some action after World Cup finale. Keep well!
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jsspmk replied Jun 14, 201015m looks good for a bounce, triple divergence in histogram
Spot FX Day Trader's Thread
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jsspmk replied Jun 14, 2010AUD does look bouncy, no doubt. But my concern is that it stopped today at May 50%, resistance zone is .8578-.8708. Not much headroom man. And weekly is switching to a down trend from the looks of things.
Spot FX Day Trader's Thread
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jsspmk replied Jun 14, 2010DX retracing basically. Euro fibs for this downtrend stand at: 1.265 (23.6%) 1.312 (38.2%) 1.35 (50%) Obviously 1.213 is a very interesting area to watch as it is 50% of the ALL TIME range. Once Euro locks below it we ought to have another strong ...
Spot FX Day Trader's Thread
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jsspmk replied Jun 13, 2010I am off for 2 weeks, back on 29th. Good trading!
Spot FX Day Trader's Thread
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jsspmk replied Jun 13, 2010Germans were so good today. Great tactical passing.
Spot FX Day Trader's Thread
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jsspmk replied Jun 13, 2010Solid line is 50% of all time range, dotted lines are 1999 Open & High
Spot FX Day Trader's Thread
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jsspmk replied Jun 13, 2010What a crap game that was! Total waste of time & beer, not so much the latter. Regarding yearly OHLC. Gold 2009 High was 1,226.40, last week closed 1,228.9, so that is a confirmed breakout against 2009 High. IMO gold will leave 1226.4 as support now.
Spot FX Day Trader's Thread
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jsspmk replied Jun 12, 2010Understood & appreciated. Chan has made me aware of what is the essence of price discovery & is applicable on all time frames, yet more visible on higher time frames. The basic principle is that it extends in 50 & 100% of previous oscillation. So a ...
Spot FX Day Trader's Thread
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jsspmk replied Jun 11, 2010S&P500 September numbers: 2010 open 1113 2010 high 1216 2010 low 1036 50% is 1126 And here is the crack (1586-666)/2+666=1126 1126 is the magic number. If price stalls there & drops toward 2010 low (1036) it should be as safe as houses to short 2010 ...
Spot FX Day Trader's Thread