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  • #343,021
  • Dec 9, 2010 8:47am Dec 9, 2010 8:47am
Quoting Forexbiz
buckle up bears their fueling the ship...may fall hard and fast...308X appears to be on the navigation destination
I really like the pivot lines on your charts ... is that something you can share?

Thanks in advance and Good Luck!
  • #343,022
  • Dec 9, 2010 8:48am Dec 9, 2010 8:48am
Quoting AllyB
I really like the pivot lines on your charts ... is that something you can share?

Thanks in advance and Good Luck!

i draw my pivot lines manually because while i've been trading forex, i hated those stupid automated shite you find all over the place; so i use weekly, daily, h4hr and 1hr charts... manually is the best way to go, that way you are rarely disappointed.... also it helps you to become a better trader, and hopefuly one day, to trade naked lol i am on my way, not there yet... but i hate indicators and only use manually drawn pivots and fib channels

regards
anna
  • #343,023
  • Dec 9, 2010 8:48am Dec 9, 2010 8:48am
Quoting snatch
use fib channels, they are a lot more useful in understanding PA than extensions and retracements... 4hr/daily

anna
Thanks. Looking for one now
  • #343,024
  • Dec 9, 2010 8:49am Dec 9, 2010 8:49am
Quoting snatch
it has to break this channel (red cross) in order to follow through a downward movement.

regards

anna
I agree this is a strong support area but I expect it to break lower shortly
"Your Best trade is a loss with minimum risk"
  • #343,025
  • Dec 9, 2010 8:49am Dec 9, 2010 8:49am
apparantly the rating agencies are looking at italy if they get downgraded may affect this pair.
making green pips large and red pips small this is my goal.
  • #343,026
  • Dec 9, 2010 8:52am Dec 9, 2010 8:52am
not sure the big bears want to play today...
  • #343,027
  • Dec 9, 2010 8:53am Dec 9, 2010 8:53am
Quoting snatch
i draw my pivot lines manually because while i've been trading forex, i hated those stupid automated shite you find all over the place; so i use weekly, daily, h4hr and 1hr charts... manually is the best way to go, that way you are rarely disappointed.... also it helps you to become a better trader, and hopefuly one day, to trade naked lol i am on my way, not there yet... but i hate indicators and only use manually drawn pivots and fib channels

regards
anna
Thanks Anna ... I have been using the Bobokus fib and really like it. Not sure if I am good enough to draw my own! But hey, will give it a try
  • #343,028
  • Dec 9, 2010 8:53am Dec 9, 2010 8:53am
Ok bull pressure at 20 looks like double bottom valid for now... 250-60 must be taken out..
  • #343,029
  • Dec 9, 2010 8:55am Dec 9, 2010 8:55am
Everything on my chart points down .but we are currently hovering around last weeks upward move so a break of 3200 would be great confirmation for me as just below is the 50% fib at 3194
making green pips large and red pips small this is my goal.
  • #343,030
  • Dec 9, 2010 8:58am Dec 9, 2010 8:58am
If it can open and close below 3180 may clear the way to 308X and beyond..dont force it though have patience and let the pot boil
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"Your Best trade is a loss with minimum risk"
  • #343,031
  • Dec 9, 2010 9:01am Dec 9, 2010 9:01am
Quoting AllyB
Thanks Anna ... I have been using the Bobokus fib and really like it. Not sure if I am good enough to draw my own! But hey, will give it a try

dont be silly! its the easiest thing to do... in your charts use a line rather than bar or candle... then for a line to qualify as a pivot it has to have behaved as both support and resistance previously, so can a like an elbow above line (support), and anothe elbow below (retest and resistance)...

and bob's your uncle...

good luck

anna
  • #343,032
  • Dec 9, 2010 9:08am Dec 9, 2010 9:08am
Pipchick, that was the invitation I mentioned earlier.

Now, push it... harder
  • #343,033
  • Dec 9, 2010 9:10am Dec 9, 2010 9:10am
looking good, can we get a clean break?
  • #343,034
  • Dec 9, 2010 9:13am Dec 9, 2010 9:13am
Irish Labor Party Says Will Vote Against Bailout Package

www.forexlive.com

i like them... they got balls.
  • #343,035
  • Dec 9, 2010 9:13am Dec 9, 2010 9:13am
got out of my 3220 at 3200.
the 50 fib being defended.
news says irish oppposition party gonna vote against bailout package .
Why would they do that unless they getting out of eur and dont want be tied ?
making green pips large and red pips small this is my goal.
  • #343,036
  • Dec 9, 2010 9:14am Dec 9, 2010 9:14am
now u should be selling
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  • #343,037
  • Dec 9, 2010 9:14am Dec 9, 2010 9:14am
This week has been great...perfect setups
  • #343,038
  • Dec 9, 2010 9:15am Dec 9, 2010 9:15am
Quoting snatch
now u should be selling
Spiderman crossed your chart ! watch out !
Hero calls followed by margin calls...
  • #343,039
  • Dec 9, 2010 9:16am Dec 9, 2010 9:16am
Quoting Mr Hatch
Pipchick, that was the invitation I mentioned earlier.

Now, push it... harder
Got distracted here at home. Uninvited company. Ohhhhhhh I hate that!!
  • #343,040
  • Dec 9, 2010 9:16am Dec 9, 2010 9:16am
Quoting snatch
dont be silly! its the easiest thing to do... in your charts use a line rather than bar or candle... then for a line to qualify as a pivot it has to have behaved as both support and resistance previously, so can a like an elbow above line (support), and anothe elbow below (retest and resistance)...

and bob's your uncle...

good luck

anna
I'll give it a try
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