Yes it made sense and it also painted a good visual in my "mind eye"
Ive found you lessons informative and directive .
Many thanks
Sunseeker
- #326
- Feb 8, 2007 11:17am Feb 8, 2007 11:17am
Tsunami makes a lot of sense, though hard to put in practice without much experience.
Took a long position in USDCHF last night based on MACD sloping up and lots of tails pointing down (looks like everybody is running up from the tsunami).
Though couldn't stay in long enough (well that's always been my problem; too quick to release
, but what a WAVE.
Took a long position in USDCHF last night based on MACD sloping up and lots of tails pointing down (looks like everybody is running up from the tsunami).
Though couldn't stay in long enough (well that's always been my problem; too quick to release
, but what a WAVE.
- #328
- Feb 8, 2007 11:36am Feb 8, 2007 11:36am
7:35 GMT (edit, myfault I thought you mentioned the EUr/USD.... In the GBP/USD my trend line (goes back months) is giving it support, I was expecting it to come back up.)
I would just like to comment that one of the guys I trade with showed me a potential long trend line that has been hit twice higher up... zoom out and take a look. It will probably come down in the short term, but keep that in mind......
zoom out and get the big picture every so often... I have to remind myself of that....
I would just like to comment that one of the guys I trade with showed me a potential long trend line that has been hit twice higher up... zoom out and take a look. It will probably come down in the short term, but keep that in mind......
zoom out and get the big picture every so often... I have to remind myself of that....
Will the rally go further down to 365MA?? The support trend line have been breached, so will it go further down??
DireXiv
Make it happen, no one
else is going to do it for you...
Hi Phillip,
First of all thank you very much for your kindness and time and willingness to help all of us in this forum. I joined this forum just so that I could thank you and participate in discussions.
You are a genuine teacher who not only offers the nuts and bolts on how to trade your methodologies but also by using clever analogies in your tsunami letter, you’ve helped us to gain a better understanding of how the markets work behind the scenes. It is not enough that we just focus on where the markets are, the macd and the moving averages, but through a better understanding of how to read the candlesticks, we actually can get a very good pulse on what the big dogs are doing before they leave us behind playing in our sandboxes! I’ve never had this information presented to me before in the manner in which you have presented the information and it sure makes a lot of sense to me!
I sure appreciate all your help and time that you are so generously providing to us as I know this is very time consuming for you.
Thank you!
Becky
First of all thank you very much for your kindness and time and willingness to help all of us in this forum. I joined this forum just so that I could thank you and participate in discussions.
You are a genuine teacher who not only offers the nuts and bolts on how to trade your methodologies but also by using clever analogies in your tsunami letter, you’ve helped us to gain a better understanding of how the markets work behind the scenes. It is not enough that we just focus on where the markets are, the macd and the moving averages, but through a better understanding of how to read the candlesticks, we actually can get a very good pulse on what the big dogs are doing before they leave us behind playing in our sandboxes! I’ve never had this information presented to me before in the manner in which you have presented the information and it sure makes a lot of sense to me!
I sure appreciate all your help and time that you are so generously providing to us as I know this is very time consuming for you.
Thank you!
Becky
- #331
- Feb 8, 2007 12:22pm Feb 8, 2007 12:22pm
6:20 GMT
I can definitely be wrong on this so other opinions are welcome, but my TL starts on sept 29 and is hit multiple times.
My own little rule for a "true" trend line is to be hit at least 3 times. Otherwise it's just a guideline. My 2 cents...
I can definitely be wrong on this so other opinions are welcome, but my TL starts on sept 29 and is hit multiple times.
My own little rule for a "true" trend line is to be hit at least 3 times. Otherwise it's just a guideline. My 2 cents...
this is my setup, do you think i draw the correct support line??
DireXiv
Make it happen, no one
else is going to do it for you...
- #336
- Feb 8, 2007 1:03pm Feb 8, 2007 1:03pm
7:03 GMT
I was actually thinking about asking you about this... but since you brought it up ....
Do you change your strategy at all when you see converging TL's like this? I've noticed it in other pairs too. Or do you just use more caution and take the same approach.
Thanks!
I was actually thinking about asking you about this... but since you brought it up
....Do you change your strategy at all when you see converging TL's like this? I've noticed it in other pairs too. Or do you just use more caution and take the same approach.
Thanks!
Look at this chart. Something is about to happen very soon I think.
DireXiv
Make it happen, no one
else is going to do it for you...