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  • #8,821
  • May 7, 2008 11:20pm May 7, 2008 11:20pm
I don't know if I can call my fibo analysis predictions,, but,, if price drops to 1.5212 - 1.5250 area, then "i think & hope" it will retrace back to at least 1.5445

but who knows...
  • #8,822
  • May 7, 2008 11:20pm May 7, 2008 11:20pm
Took 3 pips. Getting tired. Bed time Good luck to all!
  • #8,823
  • May 7, 2008 11:23pm May 7, 2008 11:23pm
Quoting FxApasionado
I don't know if I can call my fibo analysis predictions,, but,, if price drops to 1.5212 - 1.5250 area, then "i think & hope" it will retrace back to at least 1.5445

but who knows...
We are definitely not at 1.5212 yet - far from it. We are somewhere in between 1.5212 and 1.5445. So it's a critical to forecast if the pair is headed up or down, taking the upcoming ECB statement into consideration.
Expected the unexpected
  • #8,824
  • May 7, 2008 11:45pm May 7, 2008 11:45pm
Quoting scyang
We are definitely not at 1.5212 yet - far from it. We are somewhere in between 1.5212 and 1.5445. So it's a critical to forecast if the pair is headed up or down, taking the upcoming ECB statement into consideration.


Hey, I see that you're a newbie,, what indicator do you use to make your trades?,, just wondering...
  • #8,825
  • May 7, 2008 11:54pm May 7, 2008 11:54pm
Quoting FxApasionado
Hey, I see that you're a newbie,, what indicator do you use to make your trades?,, just wondering...
I use use the crossing of MA lines, candlestick patterns and news. As you notice that I am a newbie, I am just learning to see which combination of these indicators are most reliable. So far, my conclusion is none of them. The market changes directions without warning. Very hard to catch.
Expected the unexpected
  • #8,826
  • May 8, 2008 12:03am May 8, 2008 12:03am
Quoting scyang
I use use the crossing of MA lines, candlestick patterns and news. As you notice that I am a newbie, I am just learning to see which combination of these indicators are most reliable. So far, my conclusion is none of them. The market changes directions without warning. Very hard to catch.

Have you taken a course from say, forexmentor.com or fxbootcamp.com ?,,, I took the forexmentor course with peter bain and i learn quite a lot,, I mostly use macd divergence,, to make a few bucks here and there,, but I'm now interested in taking a course with the fxbootcamp guys... I think it'll be interesting,, these courses really pay off,, if you decide to take any of those courses, let me know,, [email protected]
  • #8,827
  • May 8, 2008 12:06am May 8, 2008 12:06am
Quoting FxApasionado
Have you taken a course from say, forexmentor.com or fxbootcamp.com ?,,, I took the forexmentor course with peter bain and i learn quite a lot,, I mostly use macd divergence,, to make a few bucks here and there,, but I'm now interested in taking a course with the fxbootcamp guys... I think it'll be interesting,, these courses really pay off,, if you decide to take me any of those courses, let me know,, [email protected]
I am living in Singapore right now so I don't have the luxury to take such courses. I have gone through babypips.com and learned a few things here and there. Very much in the try and learn stage. Will probably get burnt a lot of times before seeing a thing or two. Thanks for your tips.
Expected the unexpected
  • #8,828
  • May 8, 2008 12:11am May 8, 2008 12:11am
Quoting FxApasionado
Have you taken a course from say, forexmentor.com or fxbootcamp.com ?,,, I took the forexmentor course with peter bain and i learn quite a lot,, I mostly use macd divergence,, to make a few bucks here and there,, but I'm now interested in taking a course with the fxbootcamp guys... I think it'll be interesting,, these courses really pay off,, if you decide to take any of those courses, let me know,, [email protected]

Or you can study the Jacko and James16 threads, that's really all you need to trade successfully...

http://www.forexfactory.com/showthre...23#post1425723

http://www.forexfactory.com/showthread.php?t=2331
  • #8,829
  • May 8, 2008 12:22am May 8, 2008 12:22am
Quoting scyang
I am living in Singapore right now so I don't have the luxury to take such courses. I have gone through babypips.com and learned a few things here and there. Very much in the try and learn stage. Will probably get burnt a lot of times before seeing a thing or two. Thanks for your tips.
Singapore eh?,, Looks like a clean country...
at babypips.com they have a course on Divergence Trading, you can make good pips just by trading divergence...
  • #8,830
  • May 8, 2008 12:24am May 8, 2008 12:24am
Quoting Aad

Or you can study the Jacko and James16 threads, that's really all you need to trade successfully...

http://www.forexfactory.com/showthre...23#post1425723

http://www.forexfactory.com/showthread.php?t=2331
I'll check it out for sure Aad... thanks for sharing...
  • #8,831
  • May 8, 2008 1:05am May 8, 2008 1:05am
Nice charts this morning, looks like the big move may've finally started. I'm short on EU and cable, targets estimated at least 500 pips (46-475 area eventually)..
On the path to Enrichment.
  • #8,832
  • May 8, 2008 1:20am May 8, 2008 1:20am
anyone things eu gonna rose?....
I wants to go long with eu..anyone agree...give explanation..
  • #8,833
  • May 8, 2008 1:33am May 8, 2008 1:33am
Quoting Malaysia
If you look my chart... My target would be the YELLOW moving Average (20WMA). Touch that I'll take out Profit Manually... and considering to SELL FROM BOUNCE later.

Anyhow... this LONG can be a Stupid one because like standing in front of a moving Train. Very dangerous to go against the Trend.

Anyway... got 20pips at stake only.

T.A.Y.O.R!!!

Look at FIBER... RBS has become SBR Good Resistance there. Fail to penetrate it... down we go making a new LOW. If Breakout above it... UP we go. Calculate your R&R Ratio before make an Entry. I already did it earlier when it touched the 20WMA (Yellow Moving Average). SL above the SBR.

RBS >>> RESISTANCE BECOME SUPPORT.
SBR >>> SUPPORT BECOME RESISTANCE.

T.A.Y.O.R!!!
Attached Image (click to enlarge)
Click to Enlarge Name: chart1299.PNG Size: 88 KB
  • #8,834
  • May 8, 2008 1:47am May 8, 2008 1:47am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Ahhha hit my short order @ 5329, but it seems like its testing 50% on fib, breaks through this and its good luck to the shorts. Lol.
Start Young. Think Big. Stick to It.
  • #8,835
  • May 8, 2008 2:18am May 8, 2008 2:18am
Quoting FxApasionado
Singapore eh?,, Looks like a clean country...
at babypips.com they have a course on Divergence Trading, you can make good pips just by trading divergence...
For some reason, it's known throughout the world as being clean. But I kind of don't agree, when you get into it. Maybe I am just too much of a neat freak.
Expected the unexpected
  • #8,836
  • May 8, 2008 2:39am May 8, 2008 2:39am
Quoting BoHan
Ahhha hit my short order @ 5329, but it seems like its testing 50% on fib, breaks through this and its good luck to the shorts. Lol.
I added my SHORT there too at 50% Fibbo and at the same time touching 20WMA (Yellow Moving Average). Seems like a FALSE BREAKOUT at the SBR line. Not Confirm yet... need this current H1 CS to close below SBR. SL above 61.8% Fibbo.

T.A.Y.O.R!!!
Attached Image (click to enlarge)
Click to Enlarge Name: chart1300.PNG Size: 89 KB
  • #8,837
  • May 8, 2008 3:07am May 8, 2008 3:07am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
Quoting Malaysia
I added my SHORT there too at 50% Fibbo and at the same time touching 20WMA (Yellow Moving Average). Seems like a FALSE BREAKOUT at the SBR line. Not Confirm yet... need this current H1 CS to close below SBR. SL above 61.8% Fibbo.

T.A.Y.O.R!!!
looks like it failed to close below, i have the same stops as u though hahaha. and also it's finding difficulty to stay below the 38.2% fib line haha. however, i always bear in mind " the trend is my friend", since its still down, worth taking the chance
Start Young. Think Big. Stick to It.
  • #8,838
  • May 8, 2008 3:10am May 8, 2008 3:10am
Thank god everyone still has faith that it will go down and its not just me. Currently -50 since i entered trade at 1.5283 and expected it to drop 100 pips.
  • #8,839
  • May 8, 2008 3:15am May 8, 2008 3:15am
  •  BoHan
  • | Joined Nov 2007 | Status: Retracements are my forte! | 73 Posts
haha it's not that we believe it will go down, it's just that we trade off the charts. charts show down, we sell, charts show up, we buy.
Start Young. Think Big. Stick to It.
  • #8,840
  • May 8, 2008 3:20am May 8, 2008 3:20am
Quoting Malaysia
I added my SHORT there too at 50% Fibbo and at the same time touching 20WMA (Yellow Moving Average). Seems like a FALSE BREAKOUT at the SBR line. Not Confirm yet... need this current H1 CS to close below SBR. SL above 61.8% Fibbo.

T.A.Y.O.R!!!

H1 CS closed above SBR line... closed all SHORTS manually
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