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Sure didn't.

Understoodemondo. Why do you need an indicator to define a trend? Don't you think that HH HL HH HL is enough to define a trend? For instance, histogram on the Weekly chart of ES indicates a trend change. And you go Long now, why?

It's interesting how 'evolution' process takes place, for instance Buy1Sell2, as far as I understood it, for most of his career as a trader used to scale into positions when indications suggested an end of a trend. Nowadays, I think he doesn't even use indicators, just draws a TL, if market is...

I think you guys are totally bonkers :)

Casinos hate this strategy, hence their upper limit rules.

I closed my EUR short for a loss didn't let it run to original s/l, got busted on a Gold short also. Have my eyes set on oil Daily BO trade right now & same for EUR

Busted :(

And USD index now 74.85 & has been as low as 70.79 back in 03/2009. Logically if that's what the FED suggested, then USD ought to go to 70 zone. That's when EUR was 1.6

I think one has to just take on board Buy1Sell2's notion of if it breaks Hi buy if breaks Lo sell. Last resistance area remains 1.5080 zone, if taken then Hello 1.6?? It's been there already, like it or not. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2635981>

0.16*4.5=-0.72 0.32*4.5=-1.44 0.64*4.5=-2.88 1.28*9=+11.52 Total: +6.48

Went Short Gold 1102.3 stop loss 1115. Target 1026 zone. (short spot via an SB)

EUR ain't moving much either on the other hand

1092-1087.50 targets Long 1101 & Short 1078.50

Yesterday Today <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2634213>

0.16*16.5=+2.64 Total: +2.64

I agree with Pek on this one & others that do see weakness in stock markets & believe this to be just an anticipated short squeeze. Potential trend changes on the Weekly chart have provided substantial reward historically. Markets don't have to crash. I also see weakening p/a, not just in US...

TY man, much appreciated. Good luck!

I went short EUR/USD, stop 1.5093. Check out this Daily chart of USD. I am fully aware that a lot of traders will say - Hey man, you're early, wait for TL break. My gut tells me that USD will bounce soon. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2634000>

LC, what do you see in EUR now? Any change in sentiment? Because of the Weekly I think EUR/USD may double top around 1.5050-1.5070. I will be trying to catch that move. Will be interested to hear your current update.

You're correct, sorry.