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damonl replied Jul 21, 2010Yeah.. saw that.. it ended up playing out to the bottom of the channel at 96. Higher high, higher low.... time to think about heading back to the top I think. Have to see how these next few bars play out!
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damonl replied Jul 21, 2010How the heck did you know it was going to stop on 1.5199?
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damonl replied Jul 21, 2010I am wondering if we could even go lower.. perhaps to the low of the spike or back down to yesterdays low at 1.5150 area... First need to get through the 200SMA without a reversal...
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damonl replied Jul 21, 2010Moving into 200SMA area on the 1HR chart.. Normally an area where I like to start looking for a long.. I wonder if price can push through it?
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damonl replied Jul 21, 2010Plenty green pips now for a b/e trade or just taking a small loss.. let's hope not that she is moving she doesn't stop!

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damonl replied Jul 21, 2010alright.. maybe some direction now.. that was one big bad ass bear bar on the 15M.. took out everything

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damonl replied Jul 21, 2010Because the 0900 bar did not breach the top of the 0800 bar, I like to call this a Bullish Rejection Bar. To me this says that the 0900 bar was caused due to the sell off of the last bull bar, and not really because there is lots of downward ...
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damonl replied Jul 21, 2010This trade is off now.. market seems really greedy to me so far....
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damonl replied Jul 21, 2010Just another view point.... — We had our pull back to the 100 SMA completing our right shoulder of the Inverse Head and Shoulders. Then we had a break of the neckline.. now is the pull back to the neckline before moving back up. Wonder if it ...
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damonl replied Jul 21, 2010Okay.. don't follow this, but I have a play.... Right now price has retraced back to the 200 SMA. Here are the scenarios... 1. If price bounces from here, I will enter at 1.53373 with a SL below the low of the current bar. 2. If my trade does not ...
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damonl replied Jul 21, 2010Possibly turning the corner.... — Could be we are in the process of turning the corner and heading back into an hourly upward channel..... Higher lower with some channel lines now starting to point back upwards... image
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damonl replied Jul 21, 2010No predictions with any certainty, though I am spying tweezzer tops on H1.. MIght be an indication of a down move, but never know how far down it will go.. maybe only one bar.
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