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  • #46,081
  • Sep 24, 2018 12:41am Sep 24, 2018 12:41am
Quoting Ratmach
{quote} I maybe shouldn't admit this here, but... I pay very little attention to trend lines. Oh I'll keep on eye on a moving average to get a general idea of if we're in an up or down trend. But the lines connecting this low to another low and another low, etc... well, no. The reason being it just seems so totally subjective to me. I'll think, "Hey, this looks like a legit trend line," and then I'll check and someone else has it marked differently, which is different from someone else, and on and on. Yes, I realize some people are much better at...
Trend lines are very good to use. Sometimes they are spot on. Always just a background indicator confirming more trusted indicators.
Only real values: Valid rules, discipline and experience.
  • #46,082
  • Sep 24, 2018 12:45am Sep 24, 2018 12:45am
The slow times a short time frame chart one can catch the range ,,even with indis ,,but one must beware when frankie and london come on line your gonna probably look at the next level of supprt or res,,here is a one min chart since Fridays drop ,, ,,wasent too difficult to catch this whooping 15 pip range one way ,, now its what direction london sets,, one really dont have to do much guessing . The days range will almost always be put in from about 1am est to 1pm est it will either be some kinda range or if london is selling it may go that way till eod or if buying vice versa average atr is around 80 on the euro setting tgts much beyond may take into the next day ,,usually 3 -5 days for a daily indi to make a turn ,, pretty much explains why Fridays are refered to as wild card days or robber banks taking adv of retailers ,,usually in 3-5 days you going to be to a more significant point of res or sup ,, or spent that long buying or selling a level, when it pops or drops they will take profit ,,then on to the next set-up etc etc ,, rinse and repeat
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  • #46,083
  • Sep 24, 2018 12:47am Sep 24, 2018 12:47am
Quoting Ratmach
{quote} I maybe shouldn't admit this here, but... I pay very little attention to trend lines. Oh I'll keep on eye on a moving average to get a general idea of if we're in an up or down trend. But the lines connecting this low to another low and another low, etc... well, no. The reason being it just seems so totally subjective to me. I'll think, "Hey, this looks like a legit trend line," and then I'll check and someone else has it marked differently, which is different from someone else, and on and on. Yes, I realize some people are much better at...
There is a reason for that ,, sup and res are horizontal ,, trend lines work for a bit ,but price will always blow thru them to test a true level,,my 2 cents ,,,traded too long and seen it too many times to ever believe otherwise
  • #46,084
  • Sep 24, 2018 12:49am Sep 24, 2018 12:49am
Quoting digger1
The slow times a short time frame chart one can catch the range ,,even with indis ,,but one must beware when frankie and london come on line your gonna probably look at the next level of supprt or res,,here is a one min chart since Fridays drop ,, ,,wasent too difficult to catch this whooping 15 pip range one way ,, now its what direction london sets,, one really dont have to do much guessing . The days range will almost always be put in from about 1am est to 1pm est it will either be some kinda range or if london is selling it may go that way till...
Great Wisdom
rat
  • #46,085
  • Sep 24, 2018 1:01am Sep 24, 2018 1:01am
Classic Wedge. Maybe a moustache on both sides.
Only real values: Valid rules, discipline and experience.
  • #46,086
  • Sep 24, 2018 1:05am Sep 24, 2018 1:05am
last week magnetic line 1.1725 back in play...might be bouncing level if this pair is to tag 1.1850 today.
  • #46,087
  • Sep 24, 2018 1:08am Sep 24, 2018 1:08am
Cross of bottom resistance not confirmed with 2nd, lower, Down Candle.
Only real values: Valid rules, discipline and experience.
  • #46,088
  • Sep 24, 2018 1:11am Sep 24, 2018 1:11am
Quoting digger1
{quote} There is a reason for that ,, sup and res are horizontal ,, trend lines work for a bit ,but price will always blow thru them to test a true level,,my 2 cents ,,,traded too long and seen it too many times to ever believe otherwise
Yeah, I pay attention to support/resistance, though before I assume I'm picking the right levels I always check around first to see if I'm in the same ballpark as others (like a few guys right here).
  • #46,089
  • Sep 24, 2018 1:14am Sep 24, 2018 1:14am
Bottom moustache forming.
Only real values: Valid rules, discipline and experience.
  • #46,090
  • Sep 24, 2018 1:17am Sep 24, 2018 1:17am
Quoting Ratmach
{quote} I maybe shouldn't admit this here, but... I pay very little attention to trend lines. Oh I'll keep on eye on a moving average to get a general idea of if we're in an up or down trend. But the lines connecting this low to another low and another low, etc... well, no. The reason being it just seems so totally subjective to me. I'll think, "Hey, this looks like a legit trend line," and then I'll check and someone else has it marked differently, which is different from someone else, and on and on. Yes, I realize some people are much better at...
Lol,, trading is a headache if you let it be ,, a little common sense can help put some things into perspective ,,,. You mention averages ,,of course the biggie is the 200 ,,, but if you think of what they represent as far as a time factor sometimes makes more sense than any ,,even with all the algos and bots there is the human portion of the mkts ,,, a 4 hour 200 is a rough monthly ave price ,,,,, the average Ata uses the 54 Lwa equates to about the same as 40 hours ,,, ya know that work a 40 hour week for a living just to send it down the line ,,, a 5 and 10 day ave is popular ,,50 and 100 ,,5 year 10 year etc etc houly with the 54 Lwa circled and the 40 hour is the yellow one ,, blue is just a 12 hour ave price ,, then you have the ones breakout traders use the 10 and the 50 ,, but it all comes back to a level holding or folding ,, a level getting bought or sold ,, its not the averages cross that makes a mkt head up or down ,,, its buying or selling a level of sup or res that makes the averages cross or start up or down then you must have the follow thru buying or selling and on an average day you are going to have about 50 to 80 pips in the eur after 1 am new york time to 1 pm new york ,,day after day after day ,,thats trading no sense in getting a headache ,, just go with a few simple things that happen day after day and get your share ,, you pretty much know whn to trade ,,you know who you have to wait for to point the way and you know about how far it will go ,,get in and get your pips between the sup and res levels and get out and be done ,,no headache no hassle,lol
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  • #46,091
  • Sep 24, 2018 1:20am Sep 24, 2018 1:20am
With price below the hourly resistance, possible retracement towards 1.1660.
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  • #46,092
  • Sep 24, 2018 1:21am Sep 24, 2018 1:21am
Short 1.17326 SL=BE
Only real values: Valid rules, discipline and experience.
  • #46,093
  • Sep 24, 2018 1:21am Sep 24, 2018 1:21am
There we go, finally some good movement after an entire morning of waiting. Now the question is: Are we breaking under 1.1725 or are we bouncing back up from there.

Holding a short from 1.1748 with +15 pips locked in. Got my popcorn ready for the show
You hesitate, you masturbate.
  • #46,094
  • Sep 24, 2018 1:22am Sep 24, 2018 1:22am
Quoting Ata-Turkoglu
New Pending Order Sell Limit: 1.1745 SL: 20 pips TP: Open (I will trail) Stay Green
Here comes your Bear sensei Ata... Blessed who follows, for his account shall not perish. cha ching,cha ching,cha ching. Lol
Only an idiot knows with certainty to where the market is going.
  • #46,095
  • Sep 24, 2018 1:25am Sep 24, 2018 1:25am
Quoting Slt93
{quote} I totally disagree. But, I have to trade. No time to discuss this now.
I can understand your disagreement, but the fact still stands. Every TA trader has a different interpretation the bars that they see. What parameters set apart a pin bar from a rickshaw doji? You may have your own definition, others will have theirs as well. The thing is that both of you can make money.
If you are good at something, never do it for free--Joker
  • #46,096
  • Sep 24, 2018 1:29am Sep 24, 2018 1:29am
Quoting engweijie
There we go, finally some good movement after an entire morning of waiting. Now the question is: Are we breaking under 1.1725 or are we bouncing back up from there. Holding a short from 1.1748 with +15 pips locked in. Got my popcorn ready for the show
Lol,, gee look what time it is
  • #46,097
  • Sep 24, 2018 1:29am Sep 24, 2018 1:29am
pre market sentiment has already been visibly evident. Bears are winning today with a new low. Get in now for a long term trade.
  • #46,098
  • Edited 6:21pm Sep 24, 2018 1:29am | Edited 6:21pm
my system says it will be a down day...1st target 1700 and 2nd 1670
buy the rumor,sell the news
  • #46,099
  • Sep 24, 2018 1:31am Sep 24, 2018 1:31am
approaching tl , to watch LO there . Take care
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 44 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #46,100
  • Sep 24, 2018 1:31am Sep 24, 2018 1:31am
if the bools want a chance to see 1.2000 its better if price is around support on wednesday not resistence at 1800
buy the rumor,sell the news
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