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  • #32,721
  • Sep 22, 2008 8:11am Sep 22, 2008 8:11am
Noticed we closed that candle on H4 above the 200MA
  • #32,722
  • Sep 22, 2008 8:16am Sep 22, 2008 8:16am
Quoting BoredToLoose
For all that trade only based on trendlines, they must be very careful with false breaks.
Look at the chart:
If you draw a Trendline from 1.4148 last dip and 1.4460 a support, you see then that the line shows a enter at 1.4455, if breaks there and you wait about 10 pips to enter down, you can imagine what will happen to your trade.
Trendlines it is very important, but only with good levels works with a very high probability to win.
i disagree...most of my trading is based off them and i make a good 150-250 pips on average a day because they are key in breakout points...still i passed out an hour ago wake up to see im still in trade but eur/usd going crazy...anyone know whats up?...any news come out or something?
Different opinions highly valued, ignorant to slander.
  • #32,723
  • Sep 22, 2008 8:20am Sep 22, 2008 8:20am
Quoting psiholog
i disagree...most of my trading is based off them and i make a good 150-250 pips on average a day because they are key in breakout points...still i passed out an hour ago wake up to see im still in trade but eur/usd going crazy...anyone know whats up?...any news come out or something?
You win 150-250 pis per day, but only at this pair or others!!
I didn't said Trendlines don't work, I am only advice about "False Breakout Trendlines"

Congrats to your 150-250 pips won per day!
  • #32,724
  • Sep 22, 2008 8:22am Sep 22, 2008 8:22am
Quoting BoredToLoose
You win 150-250 pis per day, but only at this pair or others!!
I didn't said Trendlines don't work, I am only advice about "False Breakout Trendlines"

Congrats to your 150-250 pips won per day!
i do eur/usd only...still even false breakouts are good if you know how to play them thats what im saying....a false breakout can generate 20pips+ if you know when to close it hence watching the minute chart for when breakouts occur
Different opinions highly valued, ignorant to slander.
  • #32,725
  • Sep 22, 2008 8:23am Sep 22, 2008 8:23am
Quoting efgsrl
Hey Mike

Hope all is well with you.

Saw that....goodbye SEC (kind of) and hello Uncle FED.

Grabbed a LONG off of LTL/4550 psych lvl, TP at R1. First clean trade of the day my friend.

Trade well.
Nice trade.

That's a good way to start a Monday.

m
  • #32,726
  • Sep 22, 2008 8:26am Sep 22, 2008 8:26am
In this Market Condition
Buying EUR/USD, GBP/USD,AUD/USD and NZD/USD in Market fallowStochastic Slow 15 min (5,5,5) ,(Condition , that 1h Stochastic Slow is in same trend)
Same for Intraday Selling, just reverse
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  • #32,727
  • Sep 22, 2008 8:36am Sep 22, 2008 8:36am
newbie question. What chart is best to view the intraday trend? 5M? 10M? 15M? 30M? higher?
  • #32,728
  • Sep 22, 2008 8:41am Sep 22, 2008 8:41am
Can anyone tell me does a hammer usually signal reversal.
  • #32,729
  • Sep 22, 2008 8:51am Sep 22, 2008 8:51am
Quoting turboguru
Can anyone tell me does a hammer usually signal reversal.
it does but to be sure u have to wait for the next candlestick for confirmation.on what chat do u have that?
  • #32,730
  • Sep 22, 2008 8:56am Sep 22, 2008 8:56am
Quoting emmyi29
it does but to be sure u have to wait for the next candlestick for confirmation.on what chat do u have that?
It looks like one on the 1 hour chart
  • #32,731
  • Sep 22, 2008 9:00am Sep 22, 2008 9:00am
Quoting kasper
newbie question. What chart is best to view the intraday trend? 5M? 10M? 15M? 30M? higher?
imo, a 30 min or a 60 min will show you the overall trend with some truth. In other words, those timeframes are short enough to show the intraday trend, but long enough to cut out the noise of the up and down. If you want to enter or exit the market, you could then confirm your entry or exit point on a 5 min or 15 min. Hope that helps.
  • #32,732
  • Sep 22, 2008 9:00am Sep 22, 2008 9:00am
http://2.bp.blogspot.com/_nmIuQsC9b-...R_USD+Spot.png
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  • #32,733
  • Sep 22, 2008 9:04am Sep 22, 2008 9:04am
1.4641 it is daily Ema365.
Maybe we have here a resistance to follow!
At least for some time!
  • #32,734
  • Sep 22, 2008 9:14am Sep 22, 2008 9:14am
Hey guys, hope you're all doing well

I just set up a new bank account and I'm hoping to finally get myself a 'Live' trading account set up.

I'm pretty excited to start trading with a Live account. heh..I won't be risking much for quite some time though. Probably I'll put in about one or two thousand dollars but make it so that each pip is equal to about 10cents. It'll still be fun. Heck demo trading is still fun but yeah it'll be great to truly be in the game

Whilst I haven't doubled my demo account yet, I can't pass up trading this historical period without a live account. It's pretty obvious that the USD is going to weaken BIG time over the next few months. It's just a question of when and how quickly.
  • #32,735
  • Sep 22, 2008 9:14am Sep 22, 2008 9:14am
i believe we'lll get to 1.47 today.hammer on 1h chat followed by a bullish candle.lets see maybe we'll get there
  • #32,736
  • Sep 22, 2008 9:15am Sep 22, 2008 9:15am
i always miss th good entry point hile im in class... story of my life lol... must b time to quit school.
  • #32,737
  • Sep 22, 2008 9:17am Sep 22, 2008 9:17am
anybody watching audusd?.the trend just about started and believe me its an interesting one.thots
  • #32,738
  • Sep 22, 2008 9:20am Sep 22, 2008 9:20am
Quoting forexef
imo, a 30 min or a 60 min will show you the overall trend with some truth. In other words, those timeframes are short enough to show the intraday trend, but long enough to cut out the noise of the up and down. If you want to enter or exit the market, you could then confirm your entry or exit point on a 5 min or 15 min. Hope that helps.
helps a lot. thanks!
  • #32,739
  • Sep 22, 2008 9:21am Sep 22, 2008 9:21am
So what about the channel Algirdas just posted? I wonder if it will dip to 4590 before going up to 47...
  • #32,740
  • Sep 22, 2008 9:24am Sep 22, 2008 9:24am
30 min charts... wedge formation since 19 sep. could drop fast if confirmed lower trendline break.
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