Where did you buy your crystal ball?:
I might need to get me one of them.
Never say never.
- #161
- Feb 20, 2008 1:15pm Feb 20, 2008 1:15pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
- #162
- Feb 20, 2008 1:19pm Feb 20, 2008 1:19pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
just a trendline Ive had on my chart from high at 1.4933, gotta love those trendlines zoopy
- #163
- Feb 20, 2008 2:08pm Feb 20, 2008 2:08pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Can anyone say deja vu? Lets see if this line gives us support now...and the big arrow points to the bottom trendline which was drawn from the high at 1.4933...I went long at 1.4532, I could have had a 20 pip stop on this one...
Never say never.
- #164
- Feb 20, 2008 2:10pm Feb 20, 2008 2:10pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Are those TwoBlink's trendfans? Seems to be working wonders. Keep up the good work
Never say never.
- #165
- Feb 20, 2008 2:16pm Feb 20, 2008 2:16pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
Can anyone say deja vu? Lets see if this line gives us support now...and the big arrow points to the bottom trendline which was drawn from the high at 1.4933...I went long at 1.4532, I could have had a 20 pip stop on this one...
- #166
- Edited 2:21pm Feb 20, 2008 2:20pm | Edited 2:21pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #167
- Feb 20, 2008 2:30pm Feb 20, 2008 2:30pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
youre right, let me take the fibs off, bossy LOL
:I tried replicating that on my chart and will watch how price reacts around those lines. I saw another interesting idea the other day on I think Rob Booker's site using I believe he calls them Winnipeg lines? Not sure how to draw those on MT4 though... don't think I have the option to create channels with fib extensions.
- #168
- Feb 21, 2008 1:27pm Feb 21, 2008 1:27pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
OK,
so I have been long eur since 1.4632, and what Ive been doing is adding and taking profit all the way up...its a very fun way to trade and works really well(for me)..so I started adding like I said after 1.4632 and held my final averaged position at 1.4668 until 1.4740, at which time I closed almost all of it and left a small posi running...and again, I added all the way up, including an AH I had from way back at 1.4776, and closed more than half at 1.4833. Since Im playing with profit, I will leave my sl at breakeven, which is now at 1.4740, and add on the next decent dip down, say around 1.4760. If I get stopped well, so be it, I had a nice run and I will get in lower down. Who knows we may not get below 1.4800...but I hope we drop further so I have more time to build a nice position up again, take care, Raz
so I have been long eur since 1.4632, and what Ive been doing is adding and taking profit all the way up...its a very fun way to trade and works really well(for me)..so I started adding like I said after 1.4632 and held my final averaged position at 1.4668 until 1.4740, at which time I closed almost all of it and left a small posi running...and again, I added all the way up, including an AH I had from way back at 1.4776, and closed more than half at 1.4833. Since Im playing with profit, I will leave my sl at breakeven, which is now at 1.4740, and add on the next decent dip down, say around 1.4760. If I get stopped well, so be it, I had a nice run and I will get in lower down. Who knows we may not get below 1.4800...but I hope we drop further so I have more time to build a nice position up again
, take care, Raz
Never say never.
- #169
- Feb 21, 2008 1:35pm Feb 21, 2008 1:35pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
OK,
so I have been long eur since 1.4632, and what Ive been doing is adding and taking profit all the way up...its a very fun way to trade and works really well(for me)..so I started adding like I said after 1.4632 and held my final averaged position at 1.4668 until 1.4740, at which time I closed almost all of it and left a small posi running...and again, I added all the way up, including an AH I had from way back at 1.4776, and closed more than half at 1.4833. Since Im playing with profit, I will leave my sl at breakeven, which is now at 1.4740, and add on the next decent dip down, say around 1.4760. If I get stopped well, so be it, I had a nice run and I will get in lower down. Who knows we may not get below 1.4800...but I hope we drop further so I have more time to build a nice position up again
My AH kicked in but was knocked out earlier this morning by a few pips but still managed to recover over 70% of my loss so that's good. I'm "hoping" the euro drops down to around 1.4750 but I might be wishing for too much. I should have made that adjustment to my stop that Jacko had advised oOps
- #170
- Feb 21, 2008 1:43pm Feb 21, 2008 1:43pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Nice trade Raz
My AH kicked in but was knocked out earlier this morning by a few pips but still managed to recover over 70% of my loss so that's good. I'm "hoping" the euro drops down to around 1.4750 but I might be wishing for too much. I should have made that adjustment to my stop that Jacko had advised oOps
If you fib the last run up the 50 comes in around 1.4770, which coincides with one of my trendfan lines, will look at price action in that area (if Im awake hehe)Raz
Never say never.
- #171
- Feb 21, 2008 2:22pm Feb 21, 2008 2:22pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
- #172
- Feb 21, 2008 2:30pm Feb 21, 2008 2:30pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Hi
I'm whining again, at work so missed it all, almost, still have one position open from 1.4565, but closed one out last night from 1.4675, should have held it.
never mind back tomorrow to join you for the slow after day.
whats the high for today?
well done all
MPP
thats great! speak tomorrow then! Raz
Never say never.
- #173
- Feb 21, 2008 2:33pm Feb 21, 2008 2:33pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Ive got the high at 1.4837, well good you still have the 4565 posi open
catch you tomorrow.
- #174
- Feb 21, 2008 3:28pm Feb 21, 2008 3:28pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #175
- Feb 21, 2008 3:41pm Feb 21, 2008 3:41pm
- | Joined Feb 2006 | Status: Trader | 1,305 Posts
Am I the only one that can't see any charts? I think I posted too many charts in my journal and it overloaded the system. OopS
- #176
- Feb 21, 2008 3:42pm Feb 21, 2008 3:42pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Am I the only one that can't see any charts? I think I posted too many charts in my journal and it overloaded the system. OopS
Never say never.
- #177
- Feb 21, 2008 4:21pm Feb 21, 2008 4:21pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Here you are, with your mas on 4hr
cheers all
- #179
- Feb 22, 2008 1:03am Feb 22, 2008 1:03am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
I think if I add more lines my computer is going to smack me...lets see Ive got trendlines and fans, fibs and fib channels, s/r levels...it already looks like the something out of star wars...but those fit very nicely on your chart twoblink I have to say
, thanks, and Im still patiently waiting for your email...take care, Raz
, thanks, and Im still patiently waiting for your email...take care, Raz
Never say never.
- #180
- Feb 22, 2008 2:34am Feb 22, 2008 2:34am
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
here's my EU 4h chart, note that the daily 8ma will take us down to around 1.4711, which would give us a nice 50% fib entry (pivot), but i expect it to bounce of the 4h 8ma on the way, so could be a slow day.
will be a slow day, i'm around.
will be a slow day, i'm around.