DislikedIf one adds a few things ,,,,not a much better view ,,, shorter of the 2 bear flags not pretty ,,, below both 50 levels that matter ,,, only thing holding it up is the weekly 200,,well below monthly 200 ,,alos below daily 200 and may be below weekly 200 now also depending on how thick one makes their line ,,lol,, not somethhing I would really go by if long term bear or bull thinking its time to buy ,,, may be just about to the point it picks some up some steam down if it starts to drop ,,, 2 monthly candles in there that have been drove right back...Ignored
- #2,482
- Feb 9, 2019 3:16pm Feb 9, 2019 3:16pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Yeh, this feels like its going down...down to china town! So sell spikes all the way (using levels and stops of course digs!)
Weekly if 1220 dont catch it then 100 pips or so lower in view,, looming kinda large atm actually ,,I did thro the bull flag on there to make ya feel better lol,, lots has to happen tho,,, lol,,, the shoulder up there said nope not carrying this turd ,,1st tic of the mkt open can change a lot of things ,, this is just the longer term view ,,,,but at a point sht term and long term both have the same thing in mind it is astarting to appear tht way anyway time will tell ,,but you have seen several of them flags on our sht term stuff and you know they almost always go back to where they started ,,just saying,, lol
{quote} How come ur green line has little red dashes?
Daily ,, not much better atm ,, did have the little bull flag tht went to tgt where it got whacked good ,,Little note ,, during a regular day day trading one can buy the blue line a few times and take a few shots higher ,,, but ya get into the afternoon delight time how many times does a level like tht fail and suddenly there is new low for the day ,,one can draw and keep redrawing a trend line any way they want angled any way they like ,, the true level is the last quarterly low and its looking like it may be tested ,, Most eod traders are looking to take tht level out ,,they want a new low to work with and they just may get it ,,, bear flag and another shoulder level that said nope not carrying this turd so here it is ,, time will tell
{quote} Whats a “honey do” weekend - sounds like uve spent the weekend in strip clubs!!!
{quote} How come ur green line has little red dashes?
- #2,483
- Feb 9, 2019 5:49pm Feb 9, 2019 5:49pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
In the here and now ,, not much bullish either ,,will have to see where it opens and what it does after for a bit ,, But the 1st line in the sand is going to around the last low of the week so a double whammy to start with ,, a low and an open ,, a little stronger if back above ,,,,weaker below ,,bottom side exts puts the low to the left in view ,it is the next one down there ,, the last 2 weekly low areas havent held,,cant even make a bull case for a M1 chart currently,, and now you all know as much as I do lol,,less than 24 hours away ,, lets get ready to rumble ,,ding ding the bell will be a ringing for the start soon . 
And shockingly (not really) it has the little pieces to get it there ,, didnt even take the time to test the last high area a few times,, wasent a strong close by any means but the weekend interrupted ,,new week got to see where it opens and what really transpired at the close ,,but gambling on a bounce buying into the weekend not the surest of plays atm 
Down to the m5 where it got sold off from Thursdays midpoint and dropped thru last low of the week last week which really leaves the m1 chart looking on working the other way ,,1st tic of mkt can change things but weeks close was not bullish 
And shockingly (not really) it has the little pieces to get it there ,, didnt even take the time to test the last high area a few times,, wasent a strong close by any means but the weekend interrupted ,,new week got to see where it opens and what really transpired at the close ,,but gambling on a bounce buying into the weekend not the surest of plays atm
Down to the m5 where it got sold off from Thursdays midpoint and dropped thru last low of the week last week which really leaves the m1 chart looking on working the other way ,,1st tic of mkt can change things but weeks close was not bullish
- #2,484
- Edited 8:41pm Feb 9, 2019 8:12pm | Edited 8:41pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
I know we are honing our craft on the eur,,,,and is about as slow moving as something can be ,,,, I repeat a lot of the same stuff over and over ,,there is a reason ,,, Ive mentioned its about finding the pieces of a puzzle to see where the better probabilities lay,, ,,there are a few more pieces than these charts show ,,there is some weekly high and low areas in the mix ,, but I usually start with what ? Ive said it often ,,, usually goes something like this ,, a high ,,a low ,, a midpoint
The ole Z man asked how my week was ,, well there is a few pairs that have been moving much better than the eur lol,,, these just have what I look at first marked on the aud pairs which for the aud usd it has been a bit wild even for that ,,suffice to say I didnt fight it ,,didnt try to out guess it ,, didnt go with shit concocted from rocket formulas didnt worry about waves ,,,, didnt worry about what aud central back governor was gonna say ,,,, just levels the mkt used before ,,the tracks were already there,, and it was a damn good week ,,, one starts with some building blocks tht are sure,,, the foundation of ones trading is on much better footing ,,then its where the best probabilities lay going by what the mkt appears to use more often than not,, the quick aud charts and the cad chart with just the main thing I mention time and time again ,,,as it is the week end and a little slow ,,, you all can decide what one really should focus on,,cheers traders ,,,, its getting closer lol ding ding Audusd looks like a lot of big time stops got wiped on that quick foray down but the projection was there 
A monthly of the audusd pair ,, how many pages and blogs and forecasts and yada,yada , yada ,, bullshit over tht amount of time and yet what do we have ,,, a high ,, a low ,, a midpoint ,,go figure lol 
Same things we look at each day only on a monthly view ,,does it make it easy? nope ,, but one starts paying attention to what they should to make money ,,not shit that dont matter when its all said and done,,,, starting from the days open and what holds and what folds with a few price patterns in the mix
Last one that has been discussed recently ,, been a little fun ,, well for me,, Jp1 would have a different opinion Im sure lol,,, is gold ,,, been stuck in a 3 year range ,, Jp1 mentioned on a week end with some room yet on the upswing ,,thanks for tht btw Jp
,,, the daily chart ,,you all have seen my little bull flags built and stacked from certain areas on the little m1 charts ,,, Im sure to all the pro s or so called pro s it is far fetched ,,thats fine ,, ill just keep collecting ,,,, little bull flag under what level yep,, tht would be the 50 % level of the 3 year range it has been in,,, up towards the top of the range now ,,on a weekly chart it poked its head thru the bear flag pattern on tht time frame last week but a bounce from a past what? a weekly high area ,,a little more uncertain and stronger acting than say the eur as because it is above a few longer terms averages so hence a little better at holding some levels any rate think all we have mentioned other than maybe a few yen pairs tht the Z man dabbles in has been covered or maybe the gbp usd ,, and tht not really a good starter model in the current environment lol ,,cheers all 
One other thing I have said several times ,,to find out where something may go ,, look at where its been and the tracks left ,,,same exact levels going back up up ,,, what is there to guess at ,, or formulate and stipulate that the mkt has to do this or that or the other thing lol,, pretty fucking clear if you look at what mkts actually use ,,time spent on figuring out who is winning,,, buyers or sellers by what level holds or folds seems time better spent to me ,,but thats just me tf do I know about about the ritzzy high flying,, high class,, high faluting world of finance ,,Im just a damn farmer lol 
The ole Z man asked how my week was ,, well there is a few pairs that have been moving much better than the eur lol,,, these just have what I look at first marked on the aud pairs which for the aud usd it has been a bit wild even for that ,,suffice to say I didnt fight it ,,didnt try to out guess it ,, didnt go with shit concocted from rocket formulas didnt worry about waves ,,,, didnt worry about what aud central back governor was gonna say ,,,, just levels the mkt used before ,,the tracks were already there,, and it was a damn good week ,,, one starts with some building blocks tht are sure,,, the foundation of ones trading is on much better footing ,,then its where the best probabilities lay going by what the mkt appears to use more often than not,, the quick aud charts and the cad chart with just the main thing I mention time and time again ,,,as it is the week end and a little slow ,,, you all can decide what one really should focus on,,cheers traders ,,,, its getting closer lol ding ding Audusd looks like a lot of big time stops got wiped on that quick foray down but the projection was there
A monthly of the audusd pair ,, how many pages and blogs and forecasts and yada,yada , yada ,, bullshit over tht amount of time and yet what do we have ,,, a high ,, a low ,, a midpoint ,,go figure lol
Same things we look at each day only on a monthly view ,,does it make it easy? nope ,, but one starts paying attention to what they should to make money ,,not shit that dont matter when its all said and done,,,, starting from the days open and what holds and what folds with a few price patterns in the mix
Last one that has been discussed recently ,, been a little fun ,, well for me,, Jp1 would have a different opinion Im sure lol,,, is gold ,,, been stuck in a 3 year range ,, Jp1 mentioned on a week end with some room yet on the upswing ,,thanks for tht btw Jp
,,, the daily chart ,,you all have seen my little bull flags built and stacked from certain areas on the little m1 charts ,,, Im sure to all the pro s or so called pro s it is far fetched ,,thats fine ,, ill just keep collecting ,,,, little bull flag under what level yep,, tht would be the 50 % level of the 3 year range it has been in,,, up towards the top of the range now ,,on a weekly chart it poked its head thru the bear flag pattern on tht time frame last week but a bounce from a past what? a weekly high area ,,a little more uncertain and stronger acting than say the eur as because it is above a few longer terms averages so hence a little better at holding some levels any rate think all we have mentioned other than maybe a few yen pairs tht the Z man dabbles in has been covered or maybe the gbp usd ,, and tht not really a good starter model in the current environment lol ,,cheers all One other thing I have said several times ,,to find out where something may go ,, look at where its been and the tracks left ,,,same exact levels going back up up ,,, what is there to guess at ,, or formulate and stipulate that the mkt has to do this or that or the other thing lol,, pretty fucking clear if you look at what mkts actually use ,,time spent on figuring out who is winning,,, buyers or sellers by what level holds or folds seems time better spent to me ,,but thats just me tf do I know about about the ritzzy high flying,, high class,, high faluting world of finance ,,Im just a damn farmer lol
- #2,485
- Edited 3:41am Feb 10, 2019 3:03am | Edited 3:41am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
One quick thing Im going to rant about lol is the stp thing..its something tht has to be figured out ,,not just an after thought ... The gbp has always been a bit of a monster ,,Id like to think most here would have been looking the right way as it started with a failure of the very 1st line printed for the year ,,started the year off with one of the things we look at on a daily basis ,,but if fighting it like a lot of people do and then worse adding to a loser to balance it out ,,,A move like the gbpusd started the year out with left many accts in the new year feeling a bit empty ,,and in 3 days time completely recovered,,, a lot of accts probably didnt ,,, and it probablly wiped a bunch fighting it the other way ,,those arent 30 or 40 pip moves like in the eur,,,those are 100s of pips moves ,,,,,cant stress getting the stp thing down enough ,, a real stp,,,, not the margin call type ,, not only for loss but for profit ,,it aint easy ,,but one should practice getting it down if one ever wants to make much ,,if one is trading lot sizes tht can withstand tht kind of stuff , then trading is a hobby,, not a business ,,if one is serious ,, work on getting the stp thing down it is a necessity,,,,, and the gbp,,,,, it is a one way ticket trader ,, find a spot to get in with what pieces you got,,, when your profit tgt is hit be out,,,, look for the next set up lol,, one doesent worry about retraces each trade is just tht,, its own trade and you ride it till the ride is over lol and it is not a starter model for learning shit 
- #2,486
- Feb 10, 2019 10:01am Feb 10, 2019 10:01am
- Joined Dec 2018 | Status: Trader | 2,111 Posts
One quick thing Im going to rant about lol is the stp thing..its something tht has to be figured out ,,not just an after thought ... The gbp has always been a bit of a monster ,,Id like to think most here would havhe been looking the right way as it started with a failure of the very 1st line printed for the year ,,started the year off with one £of the things we look at on a daily basis ,,but if fighting it like a lot of people do and then worse adding to a loser to balance it out ,,,A move like the gbpusd started the year out with left many accts...
ps can u start sending me all ur traders each day.....ill give u 10% of my winnings!
- #2,487
- Feb 10, 2019 12:16pm Feb 10, 2019 12:16pm
{quote} Cheers digs mate - serious amount of analysis across these posts, that anyone would pay top dollar for this! You take ur time out from ur “honey do”, running a farm and couting all ur gold bullion hidden under ur floor boards - much appreciate ur help, to turn us useless money losing “traders” (me, at least!) into world beaters! Cheers man!
That said, I certainly appreciate Digs' willingness to share his knowledge and drop little hints here and there to help nudge us in the right direction
"If you're trading anyway, press it into something real. You must be active and you must take more than peanuts home or you are wasting time- tomorrow starts a new day and a new week- step up to the plate and make something real happen with your account!" -- Inletcap
- #2,488
- Feb 10, 2019 1:56pm Feb 10, 2019 1:56pm
- Joined Dec 2018 | Status: Trader | 2,111 Posts
{quote} Totally agree with all of this... except the last part (and I know you are joking lol)... we ahll gotta take this trading thing by the horns, own it and make it our own. That said, I certainly appreciate Digs' willingneshs to share his knowledge and drop little hints here and there to help nudge us in the right direction
- #2,489
- Edited 2:37pm Feb 10, 2019 2:23pm | Edited 2:37pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Cheers digs mate - serious amount of analysis across these posts, that anyone would pay top dollar for this! You take ur time out from ur “honey do”, running a farm and couting all ur gold bullion hidden under ur floor boards - much appreciate ur help, to turn us useless money losing “traders” (me, at least!) into world beaters! Cheers man!
Getting some to be able to see thru the gyrations and normal thought process as its happening live is a hard thing to do ,,but at the end of the day or week to see something play out and go to levels one had mapped out is a powerful thing ,, as its happening the direct exact route is usually gyrated just a little different as to be expected it is a big mkt ,, For me a day is split in two ,, there is the asian session,, then there is the real day lol,, when frankie and london fire up ,,when its the same big banks tht provide the liquidity for all the sessions and they are active in all ,,but they know which session they are working with and their hands will not be tipped during the slow times as in asia but their intentions are slowly nonchalantly being worked on you can bet on tht
Trying to get a few things worked out to be able to post a few trades and levels tht will be good for a few hours,,, having everybody looking for the things the mkt actually uses is much better tho ,,, everybody in this day age very active things to do places to be,, all ways at a trading station at different times and with a mkt tht is very fluid and never really knowing wht kinda mood london will be in ,,it could be the mood as the day before but they may test a level another time or two so the tight stop level is a hard thing to get down ,,,, could be a decent scalp or two as tht happens then the big move it sux being stpped out for +1 or even or a little loss a few times too miss the big move ,,me I dont worry about it Ill get it all back and then some ,,, but to have it happen to you all not something I want to be responsible for lol Many just feeling their way and view the mkt way different yet than I do ,,tht view wont change over night or even a few weeks or months for most ,,it takes some time ,,took me a long time and a lot of loss ,,, Im working on it ,,kinda a new challenge for me for sure but Im a gonna keep showing the same ole same ole. maybe one thought to keep in mind ,,, the chart that gets printed to the right i,,when its all said and done is gonna look like what you see to the left and as your looking at a smaller time chart remember whether you see it or not ,,there is levels beyond what you see on your little chart ,,, a short time frame poking against the bottom as in the case of the eur is not really poking against the bottom (or top if going the other way) ,,,, its very easy to get duped into tht,, a lot of times the shorter times its about finding the reasons the chart will grow deeper ,,or higher to the next level if that makes any sense to ya bud,,,,,,,,any rate ,,we will stumble and bumble our way along with our different challenges ,,and try and have a little fun doing it
- #2,490
- Feb 10, 2019 2:37pm Feb 10, 2019 2:37pm
- Joined Dec 2018 | Status: Trader | 2,111 Posts
{quote} Lol,, bud Im addicted to trading ,,the main thing is explaining and showing how ,,the same stuff over and over and over again ,, the stuff that works time after time ,, across most pairs ,, each pair has their hown little individual quirks , but the method works ,,every trade is definitely not one tht pays ,,but getting the direction down is in the right ball park ,,then its a matter of getting in where one can use a tight stop ,, many times one is just a bit early and news or just normal bullshit can make price gyrate a lot ,,having a better...
Most on the other thread (eurusd) seem to think this is heading up this week.....but when i look at ur charts / posts, the weekly, daily etc.....it looks so bearish its crazy! But then as u say.....it only takes a pop and the first level to hold and it could be well on its way. Any knowing my luck (closing that bloody trade) it will!!
- #2,491
- Feb 10, 2019 2:41pm Feb 10, 2019 2:41pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Dont be silly mate - i was joking about showing trades to us!! Gotta learn this shit ourselves (as racer said!) Most on the other thread (eurusd) seem to think this is heading up this week.....but when i look at ur charts / posts, the weekly, daily etc.....it looks so bearish its crazy! But then as u say.....it only takes a pop and the first level to hold and it could be well on its way. Any knowing my luck (closing that bloody trade) it will!!
- #2,492
- Edited 3:23pm Feb 10, 2019 2:56pm | Edited 3:23pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Dont be silly mate - i was joking about showing trades to us!! Gotta learn this shit ourselves (as racer said!) Most on the other thread (eurusd) seem to think this is heading up this week.....but when i look at ur charts / posts, the weekly, daily etc.....it looks so bearish its crazy! But then as u say.....it only takes a pop and the first level to hold and it could be well on its way. Any knowing my luck (closing that bloody trade) it will!!
- #2,494
- Feb 10, 2019 3:57pm Feb 10, 2019 3:57pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Im hoping by the time i wake up, that it hasnt tanked in asia.....want to find a good entry for a short......unless london dictates otherwise
- #2,496
- Feb 10, 2019 4:09pm Feb 10, 2019 4:09pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
- #2,497
- Feb 10, 2019 4:11pm Feb 10, 2019 4:11pm
- Joined Dec 2018 | Status: Trader | 2,111 Posts
Not too bad bud ,,, next weekly low at 1290 ,, then 2 weekly lows and this weeks S1 at 1270 ,,,, quartetly levels ,,below 1330 then 1230 ish in view ultimately ,, Last quarters low at 1213 thats the big chart levels
- #2,498
- Feb 10, 2019 4:12pm Feb 10, 2019 4:12pm
- Joined Dec 2018 | Status: Trader | 2,111 Posts
Not too bad bud ,,, next weekly low at 1290 ,, then 2 weekly lows and this weeks S1 at 1270 ,,,, quartetly levels ,,below 1330 then 1230 ish in view ultimately ,, Last quarters low at 1213 thats the big chart levels
- #2,500
- Feb 10, 2019 4:14pm Feb 10, 2019 4:14pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
And ultimately like bull flags return to there starting levels a lot of times ,, bear flags do the same thing then its whether the lows hold or just beyond the lows or highs so the low or high can be used as a shoulder level one has to keep the thought that a daily chart is the big boy scalping chart so the finding reasons for a small time frame even a m30 chart to grow bigger is worth remembering 