we have tested the bottom of the down channel (hourly) and inside of this we have a W pattern.
Good night.
Good night.
Don't be smart. Be rich.
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
USD/JPY - USD/CAD any thoughts? 4 replies
CAD export / USD/CAD price 3 replies
Dislikedwe need to close daily candle above 1.0054 ( my SL BE ) then we goin towards 1.0097-05 area.If we break that we are back to 1.0160-220 area
if we dont go over 54 then we might go to 0.9989 and then up..dunno lets see what happensIgnored
DislikedI'm glad I put my stop to .9990 again. I had it at 1.0002 while I slept.Ignored
Dislikedtight RR is good bro if your scalpin or happen to catch the absolute bottom/top of a trade, but for position and swing trading Gotta keep em well outta range, its just part of the risk process that comes with large moves we expect. If they really want them they must commit HEAVILY, BUT if market is no longer bullish/bearish they will not do it. NO in it for them to go for themIgnored
DislikedYeah, for many years I've had a ridiculous amount of trades get stopped at precisely the reversal point and then watched in amazement as the trade went where I thought it would only without me.
My stop placement goes back to post #2980. Sometimes I make the mistake of moving my stop closer before it has really had lift-off. I changed my stop this morning back to .9990 because I thought, "what the hell, if I'm going to get stopped it might as well have to prove me wrong". Plus, I figured if 1.0002 was broke overnight, it probably wouldn't...Ignored
DislikedYep i understand,very soon bro you can just turn puter off for few weeks,months check back around christmas Im thinking
we have been now beginning 11 months within sept 11 bar something gotta giveIgnored
DislikedThe next two days of USD news is pretty interesting. We could potentially see a triple bottom, or a pullback to the .0020 area, on Thursday. On Friday, we either get good new or bad news. For the charts, I see high probability for price to move up, so I'm hoping for good news.Ignored
DislikedIf you look at it from a weekly chart and a daily chart you can see a massive build-up of longs. It's been it a fairly tight range for some time now. The rise from Nov. 2011 was explosive and I can see a similar rise taking place from here. I don't know if we'll head straight up through the high at 1.3050 or not, but I do think an easy target is 1.1127 and 1.1700 doesn't seem far-fetched either.Ignored
DislikedWe've got 24 months to decide if its a triangle, zigzag or a wave 2 off the Lo lo. lots of time
BUT then again could take until this time next year to fullfill the bottom (shrugs)Ignored
DislikedHahaha...true, although zig zags, EW, triangles, all that stuff is just a bunch of crap to me. I used to be so fascinated with drawing lines, pitchforks, etc. and I'd be amazed at how accurate they were until I tried for quite some time to actually implement them into predicting the market. You'll see a market bounce off a line and think, "OK, this is it right here." Next thing you know it's made another low/high and broken that spot. Then it bounces again off another line, and again you say, "Aha! So THIS is the line it wanted to bounce off...Ignored
DislikedLOL well ya your right BUT price is irrelevant anyways. Time is the factor for all things under the sun in this realm we live. That being said Orderflow in conjunction with all the above stuff gives us great clue's to whether a particular sup/res price will hold or not anyways. Ya i traveled blind before as well, then i decided to try and understand what a market really is.Ignored
Disliked
To me, those charts just seem like a pretty picture that makes people feel smart for knowing how to draw, but don't really offer much help. But that's just me. If anyone can get it to work for them, then more power to em'!Ignored
Dislikedwell not sure about you BUT where we went and why we stopped was no big suprise to me, and even today's hi res area its right there in the blue print mapped out for quite some time now, where were going not much a mystery either really, Probably wont be fast enough for most everyone though i would bet on that everyday all day long
The lines do look pretty though dont theyIgnored