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FibMaster
08-17-2009, 11:54 AM
15 minute chart attached. Definitely not making a bearish shorting price pattern now..

Three possible trading scenarios..


1) Scalp short on resistance at 77.80

2) Wait for possible resistance at 78.30 area.

3) A break below 77.00 support is rally- shorting time again!
Raj
08-17-2009, 01:21 PM
Neal, I missed the first short, but caught the indecision candle on the 5min sk for a quick few upwards.

Thanks for the update

:)
FibMaster
08-17-2009, 01:36 PM
Good work Raj, take it to the bank!
Raj
08-17-2009, 02:54 PM
Just re-examining the 240 chart...last swing was pretty close to the 86 fib, which has hit 118 target, and bulls have an engulfing bullish candle at the d extension...if we don't take out the low, we could just be testing this CF. Also if we do dip under the low, then the 118 and 127 supports could hold for a deeper retrace, just some scenarios to watch anyways.

:)
Raj
09-01-2009, 04:06 PM
there maybe a long opp at the 127 support here, perhaps upto 77, maybe 77.42

:)
Raj
09-01-2009, 05:14 PM
micros 5min 618 res took care of that long...long trade negated

:)
Raj
09-01-2009, 06:47 PM
The convergence I was looking for on the previous post was not clear on the chart...I've posted another chart that may explain it better...because we never take trades based on one level, always convergences. The 127 support was pretty close to the 50 upfib on the daily...if we get a bullish CF here, there may be something there still.

:)
Raj
09-01-2009, 08:04 PM
I took the long at 76.63 after the close of the morning star, cashed out at 77.30 because of the 382 res. It worked out afterall lol.

:)

Happy pipping
Raj
09-03-2009, 10:22 AM
We're at res...waiting on CF

:)

Happy pipping
Raj
09-03-2009, 05:42 PM
One more res appointed just in case we break 1st one

:)
Raj
05-28-2010, 07:08 AM
Chart is at Sk

:)
Raj
05-28-2010, 10:53 AM
Post trade results on the 5min

:)