[thalestrader]

Originally Posted by thalestrader »

...Based on the daily charts, I anticipate high prices for equities and gold, lower dollar...

That was a week ago, and we've had higher prices for equities and gold, while the dolar has gone sideways in a choppy consolidation at its highs. This would typically indicate that the dollar would continue higher, eventually. A lesson I learned from Linda Raschke, however, it that the longer a sideways line extends, the more likely it is you are seeing a reversal and not a conitnuation. Right now, the dollar is like a coin, set spinning on its edge, and it is still very unclear, to me, at any rate, whther it will land Bull or Bear.







Best Wishes,

Thales

[Marko23]

EUR/USD down into May 2009

[Marko23]

ACD-method test on 5m chart.
Yesterday I oberved that my test of mildness may be too coarse on a 15m chart.
A 5m chart gave no up signal yesterday.

Setup for today

[Marko23]

EUR/USD 123 setup on 15m chart

Long is a correction, trends are down.


Looks choppy.

[Marko23]

Originally Posted by thalestrader »

...
A lesson I learned from Linda Raschke, however, it that the longer a sideways line extends, the more likely it is you are seeing a reversal and not a conitnuation.
...

Good point, confidence in a continuation of the previous move diminishes as time passes by; similar to an EDT.

[Marko23]

EUR/USD ACD-method is long

[Marko23]

EUR/USD ACD Long closed at 17:15
Profit +30 , .84R



FDAX Long was better

[thalestrader]

Hi Marko,

Good stuff! Thank you for keeping things going here in the thread. My son's birthday is tomorrow, and the party is Sunday, and I am responsible, per my wife's "request," for coming up with a suitably carnivorous menu for a dinosaur themed party. It has been far more difficult than I had anticipated, and of course, being a guy, I let it go until today.

I'm likely not going to be able to trade at all today, other than two demo orders I have in on CL. As I am typing this, a short has just been filled at 79.71 ... I have a buy order down below where I'll stop and reverse.




I now have to go on a search for Brontosaurus legs right now (though my son tells me they are no longer called "Brontosaurus," but have been renamed "Appatosaurus." I am not responsible for the spelling of either.

Best Wishes,

Thales