Dislikedaussie had a nice run to attempt parity but alas it fell short ~~
"remember in my room Raz I said" .Ignored
Good Trading
- #341
- Aug 4, 2008 4:40am Aug 4, 2008 4:40am
- | Joined Apr 2008 | Status: Trader | 1,040 Posts
Good Trading
- #342
- Aug 4, 2008 5:02am Aug 4, 2008 5:02am
- | Joined Oct 2007 | Status: work in progress | 1,009 Posts
Hey guys,
Wow look what happens when Im not watching whats going on in here...I can see we have every opinion available direction-wise, time will tell who is right or wrong, Im not convinced either way for now. Im looking at my charts and they say down, it doesnt make a lot of sense (US economy = bucket of shit) but thats what they say...so Im standing aside for now. Tom youre a clever guy you said a lot of things (often right) in a short period of time, so I respect your opinion. Still, among other things its August, and we saw an all-time high in aussie and eur less than three weeks ago do you think this (long term) uptrend is able to turn around completely in such a short time? Im not convinced yet. Frankly I dont really care one way or other, but I will not be buying aussie again unless I have a confirmation on 4hr+ tf that things are moving up again. For me that means we must be making higher highs and higher lows.
And for gods sake LIGHTEN UP out there, man you guys need a holiday....take care, Raz
Don't chase the market, Let the market come to you
- #343
- Edited 5:29am Aug 4, 2008 5:18am | Edited 5:29am
- | Joined Sep 2007 | Status: Trader | 207 Posts
Hi Razl,
in this case, the bullish hidden divergence would be if the price makes a higher low vs the oscillator making a lower low between the same two points on the chart. As you can see we don't quite have the condition yet (because stoch hasn't turned and we don't know if price has bottomed out already), but the stoch is already lower than it was in January, even though price isn't - so I'm keeping an eye on it.
PS - Personally I think divergence is the best way to use oscillators; I don't use it by itself as an entry signal but as an early warning sign it proves to be very accurate, especially when you use it on a higher time frame.
in this case, the bullish hidden divergence would be if the price makes a higher low vs the oscillator making a lower low between the same two points on the chart. As you can see we don't quite have the condition yet (because stoch hasn't turned and we don't know if price has bottomed out already), but the stoch is already lower than it was in January, even though price isn't - so I'm keeping an eye on it.
PS - Personally I think divergence is the best way to use oscillators; I don't use it by itself as an entry signal but as an early warning sign it proves to be very accurate, especially when you use it on a higher time frame.
- #344
- Aug 4, 2008 6:03am Aug 4, 2008 6:03am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Hi Razl,
in this case, the bullish hidden divergence would be if the price makes a higher low vs the oscillator making a lower low between the same two points on the chart. As you can see we don't quite have the condition yet (because stoch hasn't turned and we don't know if price has bottomed out already), but the stoch is already lower than it was in January, even though price isn't - so I'm keeping an eye on it.
PS - Personally I think divergence is the best way to use oscillators; I don't use it by itself as an entry signal but as an early warning sign it proves to be very accurate, especially when you use it on a higher time frame.
why did I always use it the other way around, I always thought that if the indicator showed the opposite to price it was an indication that price would follow the indicator...so if we drew a trendline on price we would have an uptrend but on the indicator it was a downward trendline, it meant price would drop...in any case now for confirmation you are looking for a higher low on a higher timeframe is that right? Vs a lower low on the indicator? Thankyou will have a closer look...Raz
Never say never.
- #345
- Aug 4, 2008 6:26am Aug 4, 2008 6:26am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #347
- Edited 7:14am Aug 4, 2008 7:08am | Edited 7:14am
- | Commercial User | Joined Jan 2007 | 1,486 Posts
- #348
- Aug 4, 2008 7:13am Aug 4, 2008 7:13am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
Yeah, I also find that when sailing along nicely with the wind behind me and I try changing direction, The large boom swings across and tries to smack me around the ears if I am not careful!
I'm no Raz but I think I'll answer this one for her if she's still busy shopping for those Jimmy Choo's?
See, she loves to sail. She has this beautiful yacht Aussie. When there is wind, she points the boat into the wind. Then she hoists the mainsail and raises the jib. She turns the boat left and right to adjust the angle, until finally the wind is at her back, then she just runs with the wind. When the wind starts to die out, she anchors and goes tanning. When the weather gets bad, she docks and goes shopping. She doesn't sail when it's bad out there, it's very dangerous!
Darn, Raz, when are you going to finally get those sassy jeans!
Have a good weekend!
- #353
- Aug 4, 2008 5:05pm Aug 4, 2008 5:05pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
Yeah, I also find that when sailing along nicely with the wind behind me and I try changing direction, The large boom swings across and tries to smack me around the ears if I am not careful!
- #354
- Aug 5, 2008 1:41am Aug 5, 2008 1:41am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #356
- Aug 5, 2008 2:06am Aug 5, 2008 2:06am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
yes we can. 200 sma is at .92
Never say never.
- #357
- Aug 5, 2008 2:24am Aug 5, 2008 2:24am
- Joined Apr 2008 | Status: Trader | 7,674 Posts
the popcorn will you?
- #358
- Aug 5, 2008 3:04am Aug 5, 2008 3:04am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #359
- Aug 5, 2008 3:26am Aug 5, 2008 3:26am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I am not saying it will drop straight down but we will see 8500 area before we ever see the 9500 again. Every count and every chart I look at says the same thing, I have tried to find an alternative count taking it back up but there just isnt one I can find at this point.
Did someone say....count?
If you got a count for EURUSD and AUDUSD(to stay on topic) I'm all ears =)
Or, rather, eyes.
(My current assumption is the "double top" on EURUSD in EW terms => possibly x.3 and x.5 of an impulse, hence now a larger correction is possible. Of course no confirmation until we leave 1.53 lower)
I'm sure raz won't mine one teeny weeny little EW count post with 2(AUD and EUR) or 4 charts attached(large TF count, smaller degree count)?
Just about nobody seems to post sensible EW things on FF, so here's keeping my fingers crossed
Trust price. Know yourself.
- #360
- Aug 5, 2008 3:39am Aug 5, 2008 3:39am
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.