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  • #33,501
  • Sep 24, 2008 1:09am Sep 24, 2008 1:09am
I never want to see a doji again.
  • #33,502
  • Sep 24, 2008 1:21am Sep 24, 2008 1:21am
look whos back....

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Different opinions highly valued, ignorant to slander.
  • #33,503
  • Sep 24, 2008 1:22am Sep 24, 2008 1:22am
This 40 pips pullback show some strength. Would it be correct to think because Euro session is around the corner that they want their currencies to go up????





Quoting 5ysfx
yeah we will be fightin till last breathe
German Ifo numebers will send euro to trash bin today
  • #33,504
  • Sep 24, 2008 1:26am Sep 24, 2008 1:26am
Quoting SeaPip
This 40 pips pullback show some strength. Would it be correct to think because Euro session is around the corner that they want their currencies to go up????
Don't think so. I increased my position when it hit 1.4675 again, were still within the hourly channel, higher TF trend is down, among other things.
  • #33,505
  • Sep 24, 2008 1:27am Sep 24, 2008 1:27am
Quoting SeaPip
This 40 pips pullback show some strength. Would it be correct to think because Euro session is around the corner that they want their currencies to go up????
40 pips pullback is weak in my opinion
Twitter: @forexpokerpro
  • #33,506
  • Sep 24, 2008 1:28am Sep 24, 2008 1:28am
Yep, it didn't even break the 15 min. triangle so I was quick to jump to conclusion



Quoting Nankurunaisa
Don't think so. I increased my position when it hit 1.4675 again, were still within the hourly channel, higher TF trend is down, among other things.
  • #33,507
  • Sep 24, 2008 1:37am Sep 24, 2008 1:37am
The candle formations on the 4H are really, really bullish. Thats bugging me. But everything else seems bearish, so I'll stick with my positions for now.
  • #33,508
  • Sep 24, 2008 1:37am Sep 24, 2008 1:37am
Well it did break this 15 min triangle now.






Quoting SeaPip
Yep, it didn't even break the 15 min. triangle so I was quick to jump to conclusion
  • #33,509
  • Sep 24, 2008 1:45am Sep 24, 2008 1:45am
Now would you consider it bullish? I think so. Or is this a chance to add lots for ride down to 4620???




Quoting SeaPip
Well it did break this 15 min triangle now.
  • #33,510
  • Sep 24, 2008 1:48am Sep 24, 2008 1:48am
No clue whatsoever. I didn't expect that test of .4700 at all.
  • #33,511
  • Sep 24, 2008 2:11am Sep 24, 2008 2:11am
for those wondering whats going on this is a classic breakout scenario. we broke the upper wall of the channel we were in....went up to 1.4700 which also happens to be major fib resistance....came back down to retest the wall to see if break holds. so far break is holding however it wont be confirmed until we break 1.4700 too at which point we have an easy ride to at least 1.4750
Different opinions highly valued, ignorant to slander.
  • #33,512
  • Sep 24, 2008 2:15am Sep 24, 2008 2:15am
no direction before news from Germany
in less than hour
  • #33,513
  • Sep 24, 2008 2:16am Sep 24, 2008 2:16am
sense the downside of EURO n GBP.

reason:
1. technically, all indi ask for short - now they re playing around 50SMA and 31.2% fibo.....land of no man....
2. news that coming at 4 pm and 6 pm (Malaysia time) looks bad (however things might change)

i ll put sell stop with 100SL 100TP. no BS at this moment.
good luck everybody
  • #33,514
  • Sep 24, 2008 2:22am Sep 24, 2008 2:22am
Quoting psiholog
for those wondering whats going on this is a classic breakout scenario. we broke the upper wall of the channel we were in....went up to 1.4700 which also happens to be major fib resistance....came back down to retest the wall to see if break holds. so far break is holding however it wont be confirmed until we break 1.4700 too at which point we have an easy ride to at least 1.4750
You really help the newbies like myself out with your view on the market. Currently I'm getting pounded with my short...down -30 pips but I'm going to hold on and not let my emotions get in the way.
  • #33,515
  • Sep 24, 2008 2:26am Sep 24, 2008 2:26am
Quoting SpecialEd
Here's an indicator based on fractals. The original author, BarryPip I think, is still around here somewhere.

Also sending along a pivot indi.

SE, what is fractals ? what is this indicator good 4?
  • #33,516
  • Sep 24, 2008 2:27am Sep 24, 2008 2:27am
I am in similar boat. Hopefully we won't retest 4700 again.



Quoting Dl1982
You really help the newbies like myself out with your view on the market. Currently I'm getting pounded with my short...down -30 pips but I'm going to hold on and not let my emotions get in the way.
  • #33,517
  • Sep 24, 2008 2:34am Sep 24, 2008 2:34am
Quoting SeaPip
I am in similar boat. Hopefully we won't retest 4700 again.
Well, let's pray together Looks like we are back inside the 15min triangle and I'm thinking we may be heading towards the bottom of the triangle, which on my chart is at 1.4640. If we get there before the news coming out in 30 minutes, I will exit at BE and wait for the news announcement to make my next decision.
  • #33,518
  • Sep 24, 2008 2:36am Sep 24, 2008 2:36am
Quoting trading801
SE, what is fractals ? what is this indicator good 4?
Hello 801 - what's up? Here is a link about fractals - http://www.investopedia.com/articles...6/Fractals.asp.

The article mentions that the indicator is best used with other indicators, but I use it just to identify possible future bounces. I have scalped off of the diamonds (red=resistance; blue=support) before. Should have done that tonight, but got hung up with a trade that's running much longer than I anticipated. If I had a short S/L, I'd have been out of it and moved on to the next trade(s), but I got stubborn and extended the S/L. Basically left me sitting on the sidelines with toothpicks between my eyelids catching up on my tivo'd television shows.

Hope it helps.
Ed
Up or down, gimme a ticket
  • #33,519
  • Sep 24, 2008 2:36am Sep 24, 2008 2:36am
Quoting trading801
SE, what is fractals ? what is this indicator good 4?
hey bro.whatz good.how is trading......................................
  • #33,520
  • Sep 24, 2008 2:38am Sep 24, 2008 2:38am
Halleluia. Halleluia if that is the case But you know if is hard to sit here and see the price going down from 4700, yet you really can't add to the position.....cause you already in a loosing trade



Quoting Dl1982
Well, let's pray together Looks like we are back inside the 15min triangle and I'm thinking we may be heading towards the bottom of the triangle, which on my chart is at 1.4640. If we get there before the news coming out in 30 minutes, I will exit at BE and wait for the news announcement to make my next decision.
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