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  • #1,129,841
  • Aug 24, 2017 8:04am Aug 24, 2017 8:04am
What a nice surprise. Let see where is going to take us today. Anywhere above 1811 close , tomorrow can be new high.
  • #1,129,842
  • Aug 24, 2017 8:05am Aug 24, 2017 8:05am
Short closed. No idea what this market is doing. Just gonna sit out, wait and observe. Hopefully tomorrow we'll finally see a breakout after Draghi's speech. Hopefully.
I wanna be a billionaire so freaking bad!
  • #1,129,843
  • Aug 24, 2017 8:06am Aug 24, 2017 8:06am
Quoting ppentz
{quote} Take that with a grain of salt. They've been talking impeachment since he became president.
Won't happen... Right now it's a shout fest. The problem with impeachment is that perhaps no other president in US history has accomplished so much in so little time and it's reflected in the DOW, NASDAQ, Russel 2000 and others. If the tax bill gets accomplished, the Eur/Usd will go straight bear maybe even reaching parity. They only have a month to get it accomplished before another recess.

The European Union is still getting blasted, Italy in particular, with refugees causing incredible instability. The US on the hand, is allowing Canada to take care of their refugees causing total disruption up north. The US has done as much as it can to weaken its own currency but they can only do it for so long before the natural markets just have to kick in.

E/U is usually consistent with its channeling. I would be surprised--nothing new--if it continued it uptrend before it hits the bottom of the channel.
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Taigen Profit This Month: na
  • #1,129,844
  • Aug 24, 2017 8:16am Aug 24, 2017 8:16am
EUR has my verbal support for price moving up.
I can.I will. End of story.
  • #1,129,845
  • Aug 24, 2017 8:19am Aug 24, 2017 8:19am
Quoting falcon72202
EUR has my verbal support for price moving up.
Yea... the price will move up until it moves down.
Taigen Profit This Month: na
  • #1,129,846
  • Aug 24, 2017 8:20am Aug 24, 2017 8:20am
in a range now big short coming up!
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  • #1,129,847
  • Aug 24, 2017 8:20am Aug 24, 2017 8:20am
Quoting Taigen
{quote} Won't happen... Right now it's a shout fest. The problem with impeachment is that perhaps no other president in US history has accomplished so much in so little time and it's reflected in the DOW, NASDAQ, Russel 2000 and others. If the tax bill gets accomplished, the Eur/Usd will go straight bear maybe even reaching parity. They only have a month to get it accomplished before another recess. The European Union is still getting blasted, Italy in particular, with refugees causing incredible instability. The US on the hand, is allowing Canada...
Look at all these channels.
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  • #1,129,848
  • Aug 24, 2017 8:24am Aug 24, 2017 8:24am
Quoting Techanalyst
{quote} Look at all these channels. {image}
Is that a 5 minute chart?
Taigen Profit This Month: na
  • #1,129,849
  • Aug 24, 2017 8:26am Aug 24, 2017 8:26am
Quoting Taigen
{quote} Is that a 5 minute chart?
It is. It says on the chart.
  • #1,129,850
  • Aug 24, 2017 8:27am Aug 24, 2017 8:27am
Quoting Taigen
{quote} Yea... the price will move up until it moves down.
that is exactly right:
"market moving up to shut off buying and down to shut off selling" by peter steidlmayer, inventor of market profile.
I can.I will. End of story.
  • #1,129,851
  • Aug 24, 2017 8:27am Aug 24, 2017 8:27am
in the middle of the ascending triangle
in confluence with ascending TL s
good night
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  • #1,129,852
  • Aug 24, 2017 8:30am Aug 24, 2017 8:30am
Quoting Techanalyst
{quote} It is. It says on the chart.
I wasn't sure... eyesight not too good.

It's hard to respond to a 5-minute chart, at least for analysis. I usually only use the 5m for entry and exit points, and of course, scalping. My experience tells me for the most part, 5m channels well.

What is the chart telling you?
Taigen Profit This Month: na
  • #1,129,853
  • Aug 24, 2017 8:32am Aug 24, 2017 8:32am
Quoting falcon72202
{quote} that is exactly right: "market moving up to shut off buying and down to shut off selling" by peter steidlmayer, inventor of market profile.
Yeah, like, supply and demand, the core of all economic activity. But its just talk, theory, doesn't contribute into giving any actual, real edge to trading.
Don't get me wrong, I'm not trying to be hostile here, just giving my thoughts
Pension fund Return This Month: 2.2%
  • #1,129,854
  • Aug 24, 2017 8:39am Aug 24, 2017 8:39am
1h chart tells me to go long so I go long. Last 2 times we bounced off the 50MA on the 1h chart there was a huge spike in price. Hoping for the same...
  • #1,129,855
  • Aug 24, 2017 8:45am Aug 24, 2017 8:45am
today daily candle doesnt seem to be correct, we have US unemployment news but market like boring european banking holiday...

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making money is easy in forex, losing money is even easier...
  • #1,129,856
  • Aug 24, 2017 8:46am Aug 24, 2017 8:46am
Quoting Davidbc
1h chart tells me to go long so I go long. Last 2 times we bounced off the 50MA on the 1h chart there was a huge spike in price. Hoping for the same...
I was referring to the 5 minute chart techanalyst presented. I wasn't sure what he was trying to conclude.
Taigen Profit This Month: na
  • #1,129,857
  • Aug 24, 2017 8:46am Aug 24, 2017 8:46am
Quoting 5astelija
{quote} Yeah, like, supply and demand, the core of all economic activity. But its just talk, theory, doesn't contribute into giving any actual, real edge to trading. Don't get me wrong, I'm not trying to be hostile here, just giving my thoughts
Supply and demand works very well. Works much better on long term trading. Charts like daily, weekly and monthly. At least from my experience. As for day trading and scalping, I trade price action.
  • #1,129,858
  • Aug 24, 2017 8:46am Aug 24, 2017 8:46am
Quoting Taigen
{quote} I was referring to the 5 minute chart techanalyst presented. I wasn't sure what he was trying to conclude.
Oh ye I know, was just posting my view here.
  • #1,129,859
  • Aug 24, 2017 8:49am Aug 24, 2017 8:49am
Quoting thirdforex
Short closed. No idea what this market is doing. Just gonna sit out, wait and observe. Hopefully tomorrow we'll finally see a breakout after Draghi's speech. Hopefully.
I don't know what is you trading style or methods but I will tell you one thing that YANITSA keep telling me over and over again. DO NOT TRADE AGAINST TREND" if you don't know where it's going do not trade at all. It might will work for you few times but at the end it will burn you like me. And BTW it's going up because trend is up. I couldn't wrap my mind around it for a while but if you will look at chart closely, pick up trend on any pair and just simply count " up candles versus down " it's going to be more towards the trend rather than against it. I am not teaching you how to trade ( I am not as near as good yet) just sharing my thoughts with you! Good luck!
  • #1,129,860
  • Aug 24, 2017 8:49am Aug 24, 2017 8:49am
Quoting Taigen
{quote} I wasn't sure... eyesight not too good. It's hard to respond to a 5-minute chart, at least for analysis. I usually only use the 5m for entry and exit points, and of course, scalping. My experience tells me for the most part, 5m channels well. What is the chart telling you?
The chart is still showing channels. It was very good trading scalping strategy this morning.
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