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CHART Reading for serious traders

  • #41
  • Oct 24, 2007 8:10am Oct 24, 2007 8:10am
Quoting Hakuna Matata
100sma is what i use
I am going to try the 100 sma. Maybe that will be better yet.
  • #42
  • Oct 24, 2007 8:14am Oct 24, 2007 8:14am
Also, EUR at 4257 is within 20 pips of yesterdays high, may be more here, needs to take out 4267 first. Nice orderly move back up from 220 pip drop on 10/22.
  • #43
  • Oct 24, 2007 8:14am Oct 24, 2007 8:14am
Quoting bunky
at 4235 for 20 pips, may have further to go...
Once todays hi is broke it doesnt look like there is much holding it back. (Talking about the EUR)
  • #44
  • Oct 24, 2007 8:20am Oct 24, 2007 8:20am
Quoting PipChick
Once todays hi is broke it doesnt look like there is much holding it back. (Talking about the EUR)
todays high is far chicks--another 100pis far

here is a better one: a close of 1/2 hr candle above 235.10 will give a nice 50-100 pip move
  • #45
  • Oct 24, 2007 8:22am Oct 24, 2007 8:22am
Quoting Hakuna Matata
todays high is far chicks--another 100pis far

here is a better one: a close of 1/2 hr candle above 235.10 will give a nice 50-100 pip move
Sorry Hakuna. I was talking about the eur/usd in response to bunkys post.
  • #46
  • Oct 24, 2007 8:23am Oct 24, 2007 8:23am
Quoting Hakuna Matata
todays high is far chicks--another 100pis far

here is a better one: a close of 1/2 hr candle above 235.10 will give a nice 50-100 pip move
a close above the 235.10 sounds wonderful!!!
  • #47
  • Oct 24, 2007 8:24am Oct 24, 2007 8:24am
Quoting PipChick
Sorry Hakuna. I was talking about the eur/usd in response to bunkys post.

thats headed up as what i can see
  • #48
  • Oct 24, 2007 8:26am Oct 24, 2007 8:26am
Quoting Hakuna Matata
thats headed up as what i can see
Yes and I dont trade the eur much but maybe I will gradually add it to my trading strategy. Especially if we have any eur traders in here that could provide insight. Maybe Bunky could elaborate on it sometime.
  • #49
  • Oct 24, 2007 8:29am Oct 24, 2007 8:29am
sorry mate what is there at 235.10? is there any of the ema?
thanks
Quoting PipChick
a close above the 235.10 sounds wonderful!!!
  • #50
  • Oct 24, 2007 8:33am Oct 24, 2007 8:33am
Quoting kenneith
sorry mate what is there at 235.10? is there any of the ema?
thanks
235.10 was a strong area of support yesterday and now it will act as resistance.
  • #51
  • Oct 24, 2007 8:33am Oct 24, 2007 8:33am
Quoting kenneith
sorry mate what is there at 235.10? is there any of the ema?
thanks
hi ken, i have a weekly pivot at that price
  • #52
  • Oct 24, 2007 8:36am Oct 24, 2007 8:36am
thanks buddy.
Quoting PipChick
235.10 was a strong area of support yesterday and now it will act as resistance.
  • #53
  • Oct 24, 2007 8:38am Oct 24, 2007 8:38am
thanks john i had 50%fib from that down move at 235.20 and i was wondering abt this 235.10. u got any link to calculate weekly and monthly pivot? thanks again matei.
regards
Quoting bill77
hi ken, i have a weekly pivot at that price
  • #54
  • Oct 24, 2007 8:45am Oct 24, 2007 8:45am
Quoting kenneith
thanks john i had 50%fib from that down move at 235.20 and i was wondering abt this 235.10. u got any link to calculate weekly and monthly pivot? thanks again matei.
regards
Surs kenneith i will atach the indicator. it gives you all the weekly, monthly daily pivots. By the way my name is bill. the signiture "john" is a verse from the bible. But dont wary, every one calls me john.
Attached File(s)
File Type: zip ###Auto Pivot.zip   2 KB | 336 downloads
  • #55
  • Oct 24, 2007 8:45am Oct 24, 2007 8:45am
I like the 1 hr formation . I see a swing lo then two bull candles. News could mess that up tho.pooooooooo
  • #56
  • Oct 24, 2007 8:48am Oct 24, 2007 8:48am
thanks bill and sorry abt that cofusion. i hv pm u regarding that question and u can see both of them r going up.
regards
Quoting bill77
Surs kenneith i will atach the indicator. it gives you all the weekly, monthly daily pivots. By the way my name is bill. the signiture "john" is a verse from the bible. But dont wary, every one calls me john.
  • #57
  • Oct 24, 2007 9:21am Oct 24, 2007 9:21am
Dow managed to bounce off its 23.6 fibo. maybe that will help maintain the g/j rt shoulder.
  • #58
  • Oct 24, 2007 9:33am Oct 24, 2007 9:33am
hi pipchick i'm new here i've been following your post at the other thread and if i may i'd like to contribute something that i just can't have the nerve to do in the other thread that you used to participate... what i think is the scenario of iverted H/S is the most likely to happen for me coz if i'm not mistaking is this weekly momentum is very bullish but until today we havent see a bull candle forming in the weekly chart.. if the inverted H/s do happen for me it's make all into the frame of the weekly momentum prediction... when the inverted H/s form then the bull candle can form in the next 2 day coz in this 3 days until now the candle form is doji and in doesn't fit with the weekly momentum for the time being.... what do you think pip? i'm just learning forex this 2 month i wanted to learn to read the chart first.
struggle in life is never ending
  • #59
  • Oct 24, 2007 9:36am Oct 24, 2007 9:36am
Quoting PipChick
Dow managed to bounce off its 23.6 fibo. maybe that will help maintain the g/j rt shoulder.
pipchick...is my dow chart correct...maybe the fibs are reversed..
Attached Image (click to enlarge)
Click to Enlarge Name: dow3.gif Size: 23 KB
  • #60
  • Oct 24, 2007 9:39am Oct 24, 2007 9:39am
Quoting deviance
hi pipchick i'm new here i've been following your post at the other thread and if i may i'd like to contribute something that i just can't have the nerve to do in the other thread that you used to participate... what i think is the scenario of iverted H/S is the most likely to happen for me coz if i'm not mistaking is this weekly momentum is very bullish but until today we havent see a bull candle forming in the weekly chart.. if the inverted H/s do happen for me it's make all into the frame of the weekly momentum prediction... when the inverted H/s form then the bull candle can form in the next 2 day coz in this 3 days until now the candle form is doji and in doesn't fit with the weekly momentum for the time being.... what do you think pip? i'm just learning forex this 2 month i wanted to learn to read the chart first.
Thank you for your post. Never be afraid to ask a question here. I am not sure what you are asking though.
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