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  • #40,081
  • Oct 19, 2008 9:24pm Oct 19, 2008 9:24pm
Quoting pipsfari
follow youre instincts but when you make youre rules and break them if it works out you will tend to break other rules which will lead to chaos,so be careful


bravo

you read me like an open book

i am not a by the rules guy thats why i am very liberal in my decisions...the main ones though...always stick to them...stop loss..no over leverage...and so on

if you can judge me that well then you should be able to judge the markets just as well...hope the best for you in your pippin career

sidenote:it broke down...wonder if my tp will get hit

double sidenote:fibs comes into play now from todays low to high
Different opinions highly valued, ignorant to slander.
  • #40,082
  • Oct 19, 2008 9:27pm Oct 19, 2008 9:27pm
Quoting PipPilot
Yeah, isn't that the truth. He's over on Kreslik now. I cannot trade his short term scalp style, but I find some of his insights interesting not to mention his willingness to share free indicators.

Then again he got banned from here, so I'll make sure to be careful about bringing up his name.
Banned also from the TradeStation forum a couple of years ago.
  • #40,083
  • Oct 19, 2008 9:35pm Oct 19, 2008 9:35pm
Quoting SunTrader
Banned also from the TradeStation forum a couple of years ago.
Yep, which is where I was first acquainted. I'm still with TS, but barely. Good platform but horrible customer service and support.
  • #40,084
  • Oct 19, 2008 9:40pm Oct 19, 2008 9:40pm
I have my OCO order standing above the high and below the low of last Thursday action. If we break to the upside, we should test close to 1.40 which is a good 300 to 400 pip move. Should we break to the downside, we should retest the low of Oct 10 @ 3260 which only gives it 70 to 80 pips unless we break down with conviction.
Personally, dont see conviction either way, but I'm favoring the upside at least for the near term.
  • #40,085
  • Oct 19, 2008 9:40pm Oct 19, 2008 9:40pm
Looks like the 1.3440-50 area is a pivotal area. I have 1.3440 as 50% retracement of move from .3345 up to .3538, and 1.3450 23.6% retrace of down move from .3770 to .3345.
Also, light blue DTL looks to be holding as resistance but the triangle it is ranging in is getting smaller and being squeezed by daily pivot 1.3435. I see Hell breaking loose if PA violates the triangle and is confirmed.

I have no bias, other than in long term, trend reversal to up occurring if 1.4870 is broken and becomes support.

Is my analysis screwed up?
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  • #40,086
  • Oct 19, 2008 9:58pm Oct 19, 2008 9:58pm
Quoting psiholog


bravo

you read me like an open book

i am not a by the rules guy thats why i am very liberal in my decisions...the main ones though...always stick to them...stop loss..no over leverage...and so on

if you can judge me that well then you should be able to judge the markets just as well...hope the best for you in your pippin career

sidenote:it broke down...wonder if my tp will get hit
double sidenote:fibs comes into play now from todays low to high
not judging you at all,sorry if it came across that way,do whatever you need to
  • #40,087
  • Oct 19, 2008 10:06pm Oct 19, 2008 10:06pm
Quoting PipPilot
Yep, which is where I was first acquainted. I'm still with TS, but barely. Good platform but horrible customer service and support.
Yes but since I only use them for software/data and not trading I have almost never needed them so not a big problem for me.

I am also only 1/2 hour driving time from them so I could always go and knock some heads too.

  • #40,088
  • Oct 19, 2008 10:43pm Oct 19, 2008 10:43pm
Quoting ak4x
Pivots for today thru 5pm EST Monday.

I use HL from Friday, and the Close from Sunday 5pm. So you know the how of mine. I know others do things differently. No worries, and may the best and most accurate pivots rule. Convince me yours are better, and I'll jump over the edge with you.
The red line is your pivot on 3441, the blue is mine on 3436 (London time), isn't the big difference but look the PA (5M chart)
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  • #40,089
  • Oct 19, 2008 10:51pm Oct 19, 2008 10:51pm
finally action has picked up as shown by real volumes for longer then 5minutes on the 1min chart...woot the trading day begins now. the triangle still very much intact although i have a feeling well retap the lower wall after which a break up...in any case trading price action only

Edit: note that the one attempt to truly breakout was squashed by the bears resulting in a 15min candlestick with a spike above the triangle wall and all real volume within it...until real volume closes above or below those triangle walls...no breakout...a close is represented by 15min chart but optimum is 1h or higher...15min is first indication as it provides optimum entry point
Different opinions highly valued, ignorant to slander.
  • #40,090
  • Oct 19, 2008 11:00pm Oct 19, 2008 11:00pm
Quoting Gofer Pips
I have no bias, other than in long term, trend reversal to up occurring if 1.4870 is broken and becomes support.
Is my analysis screwed up?
If we break and hold above 4900 again any time soon, then I'd say alot of things are screwed up, not the least of which is my current analysis...

I will be the first to repost this and do the big
FUBAR...
  • #40,091
  • Oct 19, 2008 11:04pm Oct 19, 2008 11:04pm
1H bar might help to break the top side of the triangle now.
  • #40,092
  • Oct 19, 2008 11:05pm Oct 19, 2008 11:05pm
go euro go.. this is your week... lol
  • #40,093
  • Oct 19, 2008 11:10pm Oct 19, 2008 11:10pm
Quoting ak4x
If we break and hold above 4900 again any time soon, then I'd say alot of things are screwed up, not the least of which is my current analysis...

I will be the first to repost this and do the big
Let me clarify. I was only saying that I would not consider a reversal of the down trend unless we have a confirmed break of .4870. I most definitely was not predicting this was occuring--only that I felt looking on the daily charts this area stuck out to me. Presently, I am trading what I see on my charts. We are low in an area not seen in quite awhile and it makes me either way but I will stay either way it goes.
I like UP and DOWN.
  • #40,094
  • Oct 19, 2008 11:11pm Oct 19, 2008 11:11pm
Breakout pressure is building on 1H, Bollinger/Keltner squeeze:
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  • #40,095
  • Oct 19, 2008 11:16pm Oct 19, 2008 11:16pm
Quoting Gofer Pips
Let me clarify. I was only saying that I would not consider a reversal of the down trend unless we have a confirmed break of .4870.
Gotcha... here's a thought tho about that reversal point, haven't thought about it much, but I plan to take a look at it later. It's from trout, who I listen to very carefully.

"Technically, the Euro will change its trend to up on a trade through 1.3785. Until this occurs, continue to press the downside"
http://www.forexfactory.com/news.php?do=news&id=116837
FUBAR...
  • #40,096
  • Oct 19, 2008 11:16pm Oct 19, 2008 11:16pm
Quoting psiholog
finally action has picked up as shown by real volumes for longer then 5minutes on the 1min chart...woot the trading day begins now. the triangle still very much intact although i have a feeling well retap the lower wall after which a break up...in any case trading price action only

Edit: note that the one attempt to truly breakout was squashed by the bears resulting in a 15min candlestick with a spike above the triangle wall and all real volume within it...until real volume closes above or below those triangle walls...no breakout...a close is represented by 15min chart but optimum is 1h or higher...15min is first indication as it provides optimum entry point
we have breakout ladies and gentlemen...now if this 15min candlestick closes above the triangle wall as wel...its for real!
Different opinions highly valued, ignorant to slander.
  • #40,097
  • Oct 19, 2008 11:17pm Oct 19, 2008 11:17pm
Quoting SunTrader
Breakout pressure is building on 1H, Bollinger/Keltner squeeze:
yes.. let's surf the bands at Frankfurt opening
  • #40,098
  • Oct 19, 2008 11:19pm Oct 19, 2008 11:19pm
oil going up..gold going up.. cable going up..... europe open could change things but this could be a sign of dollar weakness for the week.
  • #40,099
  • Oct 19, 2008 11:22pm Oct 19, 2008 11:22pm
I put stop at breakeven 1.3380 now.. and hold long for the week... Let's hope it doesn't retrace 100 pips now.
  • #40,100
  • Oct 19, 2008 11:23pm Oct 19, 2008 11:23pm
Gy just managed a couple 5m closes above that trigger level of 176.50... with ej/eu in lockstep, as I discussed earlier. I'm uncorking the merlot.

Got out with a couple pips profit each earlier this evening on the shorts when price decided to dink around all evening. Out till NY.

I have a limit sell in at R1. Try again.

One thought here, my upper 30m and 1hr BB 's are at 80-85, with the 2/4hr BB's above that at R1/3497. That could be a booger to break unless this thing finds some friends in high places... all of my friends are in low places.
FUBAR...
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