Okay, I'll start it off.

Rat, I'm not sure I understand the premise for the last (long) trade.
Is it indicated by overbought indicators and Fib, without adding lines to the mix?

Originally posted by rat89

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Looks tempting... and risky.

long trade was off the bottom on monday.....what I saw today was a pullback close to the .382 and I don't know if I have the context right, but roofer has shown that double dip in the cci 10 as a trigger to signal change of direction....so it's a continuation really

Originally posted by MarcinO

Rat, I'm not sure I understand the premise for the last (long) trade.
Is it indicated by overbought indicators and Fib, without adding lines to the mix?

Originally posted by rat89

Click image for original size

Thanks for explanation, rat.

Originally posted by rat89

long trade was off the bottom on monday.....what I saw today was a pullback close to the .382 and I don't know if I have the context right, but roofer has shown that double dip in the cci 10 as a trigger to signal change of direction....so it's a continuation really

Originally posted by MarcinO

Rat, I'm not sure I understand the premise for the last (long) trade.
Is it indicated by overbought indicators and Fib, without adding lines to the mix?

Originally posted by rat89

Good one. Be quick or be dead. I will have to learn that Iron Maiden chorus.

Al Kamego

Originally posted by MarcinO

I discovered this album after recent reedition of 'So'.
And although I prefer this one, I consider the third album, or 'Melt' as they call it, also as a masterpiece.

Whenever I miss an obvious area, hesitate for too long or lack discipline I can hear Iron Maiden in my head:

You've got to watch them - Be quick or be dead,
Snake eyes in heaven, the beast in your head!
You've got to watch them - Be quick or be dead,
Snake eyes in heaven, the thief in your head...!
Be quick!
Or be dead!
Be quick!
Or be dead!

Bullish ABCD here? I'd rather it be a 'W3' on the way down, but...

Watch this 1600.50 closely.

Watch the .447 here at 4.75, for clues.

Okay, this 5.25 to maybe 5.50 is the upper level of a half-way decent area. If this doesn't turn it down, the move should really get going, I'd think.

i was stopped out on my first attempt atNEM.... as you saw.... price was headed for lower line and once there it was time to look for an entry on the lower time frame in the higher context.... here up 15/1 initial risk i am taking some trading profits and will await further developments

TLT update from previous... after taking half off on thursday morning as shown, the close on thursday left me with the same quandry we often get using the tools of this forum... price had thrust down, then done an abcd to line.. classic sell signal.. but given that our longer term charts suggest a larger low in bonds, the bullish scenario would have price completing abcd with equal legs with abcd as middle leg... so i marked an equal leg and placed stop twenty cents below... so far so good .. but time will tell...