Disliked{quote} GREAT pattern.. noted and recorded.. Thks.... 2 trend lines collide.. MMMMMIgnored
Also today we have a bid rate decison / ECB conference. In days like this, very often not having a position is equal to having a profitable one
Disliked{quote} GREAT pattern.. noted and recorded.. Thks.... 2 trend lines collide.. MMMMMIgnored
Disliked{quote} Also today we have a bid rate decison / ECB conference. In days like this, very often not having a position is equal to having a profitable oneIgnored
Disliked{quote} from a technicial standpoint... Imo we should see 3455 before breaking 3557 high from yesterday... i have a small mini lot running short from last night since 3535 with a 25 pip stop... this is a small risk trade with a hard stop because i believe and trust in my analysis... there are 3 levels below - 3455, 3440 and 3420 - of all 3420 crops up the most but i will close at 3455 or get stopped out EDIT: i forgot to mention if we break 3560 then imo we go to 3630... hence my stop is there.. so it can happen - market is evil play safeIgnored
Disliked{quote} Hey Jay, If we didnt have that ECB conference, id prefer to sell it around 3570-75 but if the market drops to 3455 initially and then jumps up, yes if it breaks 3557 high we would see 3570-80 again. Now pay attention to 3585. We also have a confluence up there between 3589 and 3585. So it is a confluence of historical and daily PA which indeed represents ideal shorting zone. But when we have such important data today, even those levels can INITIALLY be broken thus leading to stop clearing and covering so 3630 would possibly be hit on strong...Ignored
DislikedT... do you have any methods or know or any resources which concentrate on timing of the markets?Ignored
Disliked{quote} yes i have 3583 as a level of strong resistence.. getting there however causes violations which lead to 3630 which is why i didnt mention it.. i am willing to risk 25 pips on a mini lot... its all part of practice believing in myself and accepting to be wrong which ultimately will give me balls of steelIgnored
Disliked{quote} Hey Jay, nothing particular, I just stay out when such strong news kick in.Ignored
Disliked{quote} 3580 area didn't hold...stopped out -25 pips.. on mini... we should be hitting 3630 now without fail... I am still looking short - looks like for me 3650 is the last boundary before we are on bull territory... my target of 3396-98 still holds... so will be looking to short this puppy again up to 3650... {image}Ignored
Disliked{quote} NZD has a positive correlation to AUD and that postive correlation on good AUD data keeps it strong.Ignored
Disliked{quote} Entered @ 3578 and closed at my first target where I see the confluence of TL,fib and moving avg.... I hope we get 3580-3600 again...But as of now I dnt know I ll be on long or short.. {image}Ignored
DislikedT... do you have any methods or know or any resources which concentrate on timing of the markets?Ignored
Disliked{quote} MMM interesting question.. something that interests me that is for sure....I have noticed especialy on Cable and using calendar days.. quite often there is a connection between tops and bottoms .. ie top to btm or btm to btms or top.. top....dble btms or dble tops mostly.. common numbers I notice are 90/135/ 270.. etc.. not oall ways exact but but a few days either way.. just an observation that's all..Ignored
Disliked{quote} MMM interesting question.. something that interests me that is for sure....I have noticed especialy on Cable and using calendar days.. quite often there is a connection between tops and bottoms .. ie top to btm or btm to btms or top.. top....dble btms or dble tops mostly.. common numbers I notice are 90/135/ 270.. etc.. not oall ways exact but but a few days either way.. just an observation that's all..Ignored
DislikedOk I will T.. not something I spend a lot of time on.. but I will have a look..did a seminar some years back .. back when you still draw charts by hand.. with a bloke named Bill McLaren who wrote a book called Gann made Easy..more a manual..sold for 500d back then.. it was one of his specialtys.. he used 90thys and 144ys or increments of.. will keep my eyes open.. and post if I do..saw one in Cable a while back.. cant remember exact but it went 135 low to low was triple btms stuff as I recall.. each one of the lows was 135/136 /134. daysappart or...Ignored
Disliked{quote} an observation is all it takes to start figuring out a puzzle... i hear gann had some time methods which relate to fib numbers however not so reliable.. trend lines show potentials but many times price doesn't even reach a trendline... would be good if anyone else has had any breakthroughs with timingIgnored