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Saxon replied May 26, 2010I think Marc drew his UTL different, like the attached. If that is the case, then the UTL was broken a little while back.
Nearly Naked (Simple Trades)
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Saxon replied May 26, 2010Banked 48 pips but got out too early it seems
TPd at 00Nearly Naked (Simple Trades)
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Saxon replied May 26, 2010Also, if I see a bunch of dojis right before an S/R, that is a bad sign too, see attached.
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Saxon replied May 26, 2010PA is already on the move though
My concern is that when PA gets to some of these targets, it will be pretty shallow, that is, not steep So bounces will be minimal. The best way to explain it would be the tennis ball and the wall. If you throw a ...Nearly Naked (Simple Trades)
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Saxon replied May 26, 2010Marc, I'm tempted to take a quick short on AU at S/R for a few pips.....tempted.....

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Saxon replied May 26, 2010Probably a quick long. But will be watching to PA to make sure it can sustain. If it drops though, then short. With UCHF if UTL can wedge price through, that would be a concern. I attached a chart. Look for situations like this, so it all depends on ...
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Saxon replied May 26, 2010Here is what I have for UCHF. Will be taking positions at weekly piv which is also a confluence area as well.
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Saxon replied May 26, 2010Hey Marc, Are your MAs exponential or simple?
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Saxon replied May 26, 2010Also, we are in TL, "00" intersection right now.
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Saxon replied May 26, 2010Awesome analysis Marc
I am watching old S/R ~8359 really close and your LTL. Moves above S/R also have weekly piv to deal with too ~8414Nearly Naked (Simple Trades)
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Saxon replied May 26, 2010It's following your red prediction pretty well.
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Saxon replied May 25, 2010I'll still be posting just as frequently, probably more since I will be trading my personal account

Nearly Naked (Simple Trades)