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  #821 (permalink)  
Old 09-26-2008, 06:43 AM
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CRUDE looking interesting on downside now...
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Old 09-26-2008, 06:54 AM
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Morning Dan,
Yes I think parience is the key this morning.
I'm looking at euro, cable & gold lower & chf & yen higher - looks that way but this market is not easy - swings against you.
Noticed a support line (15 min chart) on the usd/jpy & usd/chf & resistance line on eur/usd - hopefully these will not be broken. Also a resistance line on the crude hour chart & it has had lower highs so looks good too for going lower but we'll probably have to suffer retraces.
All look well set up though for dollar strength - but if these support & resistance lines are broken - a change in direction me thinks

Simon
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Old 09-26-2008, 06:59 AM
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Look how flat the 252 CCI is on CRUDE. If this breaks 103.00 then yes maybe a short.

Seems dead out there!!!

GOLD tried to make a move and then died away...

Something smells wrong here. Dont like the feel of it.

Going to wait.,
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Old 09-26-2008, 07:01 AM
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They are all set up right for moves lower but serious lack of volatility this am...Shame!!!

This happens some mornings...7 out of 10 times we would be up over 100 pips by now. Huff!!!
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Old 09-26-2008, 07:03 AM
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More interested in looking at my happy buddha than these charts...

Need price action but its not there.

D
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Old 09-26-2008, 07:04 AM
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3 out of 10 times I takes these trades. That explains it! Going to stick with the Gold short for now.
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Old 09-26-2008, 07:05 AM
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Quote:
Originally Posted by SimonRK View Post
Morning Dan,
Yes I think parience is the key this morning.
I'm looking at euro, cable & gold lower & chf & yen higher - looks that way but this market is not easy - swings against you.
Noticed a support line (15 min chart) on the usd/jpy & usd/chf & resistance line on eur/usd - hopefully these will not be broken. Also a resistance line on the crude hour chart & it has had lower highs so looks good too for going lower but we'll probably have to suffer retraces.
All look well set up though for dollar strength - but if these support & resistance lines are broken - a change in direction me thinks

Simon
Hi Simon
YES like EUR, CABLE and GOLD lower. Patience is def needed.. They should go...
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Old 09-26-2008, 07:11 AM
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Here we go
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Old 09-26-2008, 07:18 AM
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you were right - i contemplated an order in crude but wasn't happy with the set up - thought we might have had more of a retrace first.
Well done dan!

Simon
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Old 09-26-2008, 07:24 AM
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Need EUR to break figure and CRUDE to break 4hr 20ma. Gold still looks heavy...
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