pullback to EMA20 as I said, now let's wait for H2. this is the setup recommended for beginners.
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Oil is tanking - bad precursor the market in the coming days. We literally caught the highs of the day with our profit taking on USO calls! Nice job guys. There will be strong buys ahead in oil on the dips, just wait for my entry.
Last edited by cletus on Tue Jun 21, 2011 12:45 pm, edited 1 time in total.
If the mkt continues this same path dn we will have another dome forming.Like the other day we had one and it went dn to the lowes of the day.Little bit to early to say it is but it is taking shape.You can see it on the line 1 min chart.Lets see.
well, i hate to say this: I still cannot believe the market wants to fall from here. but look at pink and green what's going on?
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Cobra wrote:pullback to EMA20 as I said, now let's wait for H2. this is the setup recommended for beginners.
Cobra, could you elaborate on how this is good for beginners(me)? Sorry, I do not know. Also, could you explain the red and green line? Thanks in advance.
by the way, i have to go out from 2:00 pm ET, hopefully could be back before the market close.
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Cobra wrote:pullback to EMA20 as I said, now let's wait for H2. this is the setup recommended for beginners.
Cobra, could you elaborate on how this is good for beginners(me)? Sorry, I do not know. Also, could you explain the red and green line? Thanks in advance.
pink = tlt
green = FXA:FXY
for beginner's setup check "Getting Start".
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Cobra wrote:well, i hate to say this: I still cannot believe the market wants to fall from here. but look at pink and green what's going on?
Thanks Cobra, I am watching DBV here also, resistance at 5ma and up. not that impressive with descending triangle in the making, it's sure is a sensitive time.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
guelder_rose wrote:We'll see, is ur sense or indicator right?
usually chart pattern matters, so I say up up up ole' ole' ole', should close strong today.
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a little earlier lunch today as I'm about to be out. still i think it's up.
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