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  • #34,481
  • Sep 26, 2008 3:31am Sep 26, 2008 3:31am
Quoting ak4x
Just hit the 138% ext on EJ (53.50), catching a quick long on the retrace back to 23% (i hope). Tight stop. Looking for 53.90 TP... hope it doesn't bite me.
retrace could be extend to 61.8% of previous wave which is 15440
This will be long (in time) run like eu few hours ago.
or just wave 4 properties.
  • #34,482
  • Sep 26, 2008 3:32am Sep 26, 2008 3:32am
Quoting psiholog
this is to show the clear and REAL picture to all you pattern oriented traders.
it is a 4hour chart gauging the past 3 weeks....as you can clearly see...neither side is in control right now
i will repost this many times as it updates as i have been doing for over a week...

Attachment
new to reading this thread , but on back reading i would like to say your posts are always very concise and easy to understand thanks and welll done
  • #34,483
  • Sep 26, 2008 3:33am Sep 26, 2008 3:33am
Quoting FOURX
new to reading this thread , but on back reading i would like to say your posts are always very concise and easy to understand thanks and welll done
thats because i use no indicators just patterns and fibs

no problem that is why i post what i do/see...hopefully it helps someone out there
Different opinions highly valued, ignorant to slander.
  • #34,484
  • Sep 26, 2008 3:33am Sep 26, 2008 3:33am
Could this be a bullish momentum or wait till New York open? Price could rise till 1.4608 consolidate then go down again or will it punch thru M2?
Attached Image (click to enlarge)
Click to Enlarge Name: 26 sep 08.gif Size: 19 KB
Forex Price Action Hacked - Price Action Rockstar
  • #34,485
  • Sep 26, 2008 3:35am Sep 26, 2008 3:35am
Attached M30 chart shows Bollinger Band pinch and price breakout down. But it sometimes happens that the first price move reverses and the true run goes opposite. As the first run only made it to the 62% fib extension level, an entry area for me, and then stopped, I am waiting to see if it drops down or reverses.

The short break down took the price to the area of yesterday's low. So, it seems entirely likely this is a Double Bottom and the move price will move up from here.

But that is just hypothesizing......best to wait now for a break below the low, or a break above the session high, which is currently 1.4678
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m30 -b.gif Size: 53 KB
  • #34,486
  • Sep 26, 2008 3:44am Sep 26, 2008 3:44am
AND how could you get this clock with the markets opening and closing sections in the screen?
thanks


Quoting traderathome
Attached M30 chart shows Bollinger Band pinch and price breakout down. But it sometimes happens that the first price move reverses and the true run goes opposite. As the first run only made it to the 62% fib extension level, an entry area for me, and then stopped, I am waiting to see if it drops down or reverses.

The short break down took the price to the area of yesterday's low. So, it seems entirely likely this is a Double Bottom and the move price will move up from here.

But that is just hypothesizing......best to wait now for a break below the low, or a break above the session high, which is currently 1.4678
  • #34,487
  • Sep 26, 2008 3:44am Sep 26, 2008 3:44am
Quoting 5ysfx
retrace could be extend to 61.8% of previous wave which is 15440
Agreed. i probably should have scaled out and let some run like usual, but hadn't really been following it tonite, so in and out seemed to be more prudent. i know you're rackin them up tho.

This was one of the very few "no brainer" trades I make. I see this pattern and pull the trigger just that fast.

Following a big move, when I see a 15m candle like the one hi-lited in Lt Blue, I'm in, and heavier than usual. I have found this to be very high probability, so with tight stop after the reversal candle closes, it's also low risk. Fib to fib and done.

Same exact pattern on GY btw... look for it.
Attached Image
FUBAR...
  • #34,488
  • Sep 26, 2008 3:46am Sep 26, 2008 3:46am
this will be my final post for a while, i think i talked a bit too much
anyways...the falling wedge is still intact...we have reached the upper wall and we could see a breakout or a continuation. as far as entry points go...i rely on fibs. a drop below the 23.6% level for the current downmove suggests a continuation down making a new low. going above 38.2% would suggest we have entered bull territory and also breaks the upper wall...those are the values to watch right now.
Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 40 KB
Different opinions highly valued, ignorant to slander.
  • #34,489
  • Sep 26, 2008 3:55am Sep 26, 2008 3:55am
Quoting ak4x
Agreed. i probably should have scaled out and let some run like usual, but hadn't really been following it tonite, so in and out seemed to be more prudent. i know you're rackin them up tho.

This was one of the very few "no brainer" trades I make. I see this pattern and pull the trigger just that fast.

Following a big move, when I see a 15m candle like the one hi-lited in Lt Blue, I'm in, and heavier than usual. I have found this to be very high probability, so with tight stop after the reversal candle closes, it's also low risk. Fib to fib and done.

Same exact pattern on GY btw... look for it.

Bears was late or bulls have faster PC connection hehehe
Yep inverted hammer is reliable.
i will short hard at 15440
im in from 15625 highest to 15570 lowest
G'nite
  • #34,490
  • Sep 26, 2008 4:01am Sep 26, 2008 4:01am
Quoting cobraforex
It looks like the EUR in his impressive speed is almost ready to fall, see the divergence on this 30M chart, the chance to get up is really small.
Other pairs like USD/JPY are in almost the same shape

Look, I'm trying to be also a daytrader, not only scalper
The above post was at about 11:15edt. By midnight, price was on its way down 100 PIPs. Wish I had been up for that.
Up or down, gimme a ticket
  • #34,491
  • Sep 26, 2008 4:15am Sep 26, 2008 4:15am
Quoting robrub
AND how could you get this clock with the markets opening and closing sections in the screen?
thanks

Thank you. The clock on the chart is a work in progress based on the indicator attached, which provides 5 timezones.
Attached File(s)
File Type: mq4 Clock_v1_3.mq4   8 KB | 572 downloads
  • #34,492
  • Sep 26, 2008 4:19am Sep 26, 2008 4:19am
Hi

At 1.45/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For short-term buying positions on condition of formation of topping signals the targets will be 1.4580/1.4600, 1.4660/80, 1.4760/80
An alternative for sells will be below 1.4460 with targets 1.4400/20, 1.4320/40, 1.4240/60, 1.4200/20.
{Promotion Removed}
  • #34,493
  • Sep 26, 2008 4:21am Sep 26, 2008 4:21am
thanks
Quoting traderathome
Thank you. The clock on the chart is a work in progress based on the indicator attached, which provides 5 timezones.
  • #34,494
  • Sep 26, 2008 4:25am Sep 26, 2008 4:25am
Quoting robrub
thanks
Yes it is. I found it at the MQL4 Code Base site for Metatrader....
http://codebase.mql4.com/indicators/page1

There is a lot of stuff there.
  • #34,495
  • Sep 26, 2008 4:29am Sep 26, 2008 4:29am
hi guys.

i posted my calls from 3 days post no ...#33114,
forecasting Down trend movement, and you can open your Daily chart and see my targets come true


here is my chart describe trend direction as everyone know the trend are down big time.


i posted here the daily and weekly chart and we all know how the weekly chart is powerful to anticipate the trend direction.
and as you see no sign of trend reversal all my charts screeming (SHORT) from time ago.
& IF retrace happen and price raise up will come back and fall again like rock coz the trend is down.
so only to be in the safe side i have to trade with the trend .
and dont forget the fundamental aspect..

the red arrows in my posts describe my forecasting targets
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1a.gif Size: 15 KB
Click to Enlarge Name: 1b.gif Size: 14 KB
  • #34,496
  • Sep 26, 2008 4:37am Sep 26, 2008 4:37am
Psiholog, I like your psychological approach, since market is psychology. Traders don't trade what they think about the market, they trade what they think others think about the market.
Now I am a bit sceptical in classic TA indicators, since these are almost always calculated from OHLCV data, and I believe, that one can't make a profitable trading system based on OHLCV alone. (Without going full risk of course, but that is not trading, thats gambling).
Too bad, one can't program a function that retruns the current sentiment...

Anyway, good luck to all of you...
  • #34,497
  • Sep 26, 2008 4:41am Sep 26, 2008 4:41am
Nice call Cobra
Quote:
Originally Posted by cobraforex http://www.forexfactory.com/images/buttons/viewpost.gif
It looks like the EUR in his impressive speed is almost ready to fall, see the divergence on this 30M chart, the chance to get up is really small.
Other pairs like USD/JPY are in almost the same shape

Look, I'm trying to be also a daytrader, not only scalper

The above post was at about 11:15edt. By midnight, price was on its way down 100 PIPs. Wish I had been up for that.
__________________



Gee, Special Ed, I feel slighted. Check my post #34162 on page 2278. It was 16 hours ago!
  • #34,498
  • Sep 26, 2008 4:47am Sep 26, 2008 4:47am
guys, strength support ranges at 1.4500/20
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  • #34,499
  • Sep 26, 2008 4:52am Sep 26, 2008 4:52am
The attached M30 chart sure looks like a triple bounce now, not just a double! And a lot of over average volume on the right hand side!

So, I am waiting to see if this is going down further, or if all this is about a turn-a-round with the true price run breaking out to the upside.....time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: eurodollar m30 -c.gif Size: 47 KB
  • #34,500
  • Sep 26, 2008 4:58am Sep 26, 2008 4:58am
Hey people,

Was on a little vacation so didn't post this week. As I see the mid-term charts now we're going back up, we have a nice small angle diognal retreating pattern now. I think we'll get a fake out down towards near 1.44 and then another leg up to test the 1.51-1.53 area. Of course, I trade shorter term so don't care that much about these whole ranges. Good luck to all and have a great weekend.
On the path to Enrichment.
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