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Can someone clarify this?

  • #1
  • First Post: Edited 11:16pm Feb 16, 2007 10:45pm | Edited 11:16pm
Hi all, i hope you guys can help me to clarify this, i wonder why the candle has gone up not down:
http://www.freewebs.com/flizzoe/chfjpyh4.gif


i wonder..

1. did i draw the lines wrongly?
2. is this one of the examples where mouteki is not working?

or..

3. i should only open my position only on tuesday? (i open the position in friday)
4. i should wait for the next week?

all your answers are really appreciated
Resize to 600x600 please
  • #2
  • Feb 16, 2007 11:03pm Feb 16, 2007 11:03pm
I have no idea how to resize, but this is the link for the chart:

http://www.freewebs.com/flizzoe/tak%20jadi.JPG
  • #3
  • Feb 16, 2007 11:42pm Feb 16, 2007 11:42pm
Quoting flizzoe
i wonder why the candle has gone up not down
Could it just be because the market doesn't always move as we expect it to?

As for the lines, if you draw the trendline from the two previous lows
(08-01-2007 @ 08:00 am (gmt+2) and 02.07.2006 @ 00:00), the body of the candles would still show inside the uptrend, having bounced at the trendline.

http://i47.photobucket.com/albums/f2...ece/chfjpy.gif

Don't forget fundamentals as well...

Regards
Caroline
  • #4
  • Feb 17, 2007 2:48am Feb 17, 2007 2:48am
Quoting flizzoe
Hi all, i hope you guys can help me to clarify this, i wonder why the candle has gone up not down:
i wonder..
1. did i draw the lines wrongly?
No
Quote
2. is this one of the examples where mouteki is not working?
Yes

No trade will do what we think it should just because we've followed our plan. All you need to do is accapt that you will have winners and losers and that Money Management will make the difference between staying in the game, or not.
  • #5
  • Feb 17, 2007 2:58am Feb 17, 2007 2:58am
Quoting PeterFM
No
Yes

No trade will do what we think it should just because we've followed our plan. All you need to do is accapt that you will have winners and losers and that Money Management will make the difference between staying in the game, or not.
NEWS
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  • #6
  • Feb 17, 2007 3:02am Feb 17, 2007 3:02am
Quoting forexpert310
NEWS
I was going to edit my post to suggest caroline should have a look at the news for that day, as there was some bad US figures, but thought I'd just answer the question as was.

Thanks
  • #7
  • Feb 17, 2007 12:08pm Feb 17, 2007 12:08pm
Quoting PeterFM
I was going to edit my post to suggest caroline should have a look at the news for that day, as there was some bad US figures, but thought I'd just answer the question as was.

Thanks
That's why I mentioned "fundamentals"
  • #8
  • Last Post: Apr 3, 2008 6:09pm Apr 3, 2008 6:09pm
Quoting PeterFM
No
Yes

No trade will do what we think it should just because we've followed our plan. All you need to do is accapt that you will have winners and losers and that Money Management will make the difference between staying in the game, or not.
Totally agree...

The market moves in mysterious ways, and can/will be irrational many times. Money Management is what saves our bacon...

Regards

First Rule of the Fight Club
Many share my views with me. But I don't share them with them...
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