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  • #42,061
  • Oct 28, 2008 12:04am Oct 28, 2008 12:04am
Quoting ak4x
oops disregard, wrong thread ... time to knock off i think...
That would have been a clear reversal sign if the candle would have been confirmed, I said it needed 10 min more.
Who knows about them can see it clearly on the high lighted candles.
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  • #42,062
  • Edited 12:26am Oct 28, 2008 12:20am | Edited 12:26am
Quoting cobraforex
That would have been a clear reversal sign if the candle would have been confirmed, I said it needed 10 min more.
Who knows about them can see it clearly on the high lighted candles.
agree, i was focused on my 1hr and lower gy charts while reading your post, and got confused...

I think what happened, is that GY had a (false?) breakout of the UTL, up to the 46.88 / 62% fib level (on the same 10m candle btw...). It's actually the second little thrust up which I think is trying to collect buyers before dropping.

It's currently stalled out there right now, at what's also the 15m 200sma and 162% extension on that pair.Lots of hard ceiling over it.. It's only broken that level once last night, right before dropping 400 pips, so this is a very high R/R trade. Stops are just the other side of the level about 40 pips. We'll see.

In the process of it going up, it drug EJ up as well, and then of course messed up your 10m chart.

So your eu trade could still come back into play here if I'm right about this. We'll see. here's the gy chart..
Attached Image
FUBAR...
  • #42,063
  • Oct 28, 2008 12:36am Oct 28, 2008 12:36am
Quoting ak4x
agree, i was focused on my 1hr and lower gy charts while reading your post, and got confused...

I think what happened, is that GY had a (false?) breakout of the UTL, up to the 46.88 / 62% fib level (on the same 10m candle btw...). It's actually the second little thrust up which I think is trying to collect buyers before dropping.

It's currently stalled out there right now, at what's also the 15m 200sma and 162% extension on that pair.Lots of hard ceiling over it.. It's only broken that level once last night, right before dropping 400 pips, so this is a very high R/R trade. Stops are just the other side of the level about 40 pips. We'll see.

In the process of it going up, it drug EJ up as well, and then of course messed up your 10m chart.

So your eu trade could still come back into play here if I'm right about this. We'll see. here's the gy chart..
What did you smoke today, AK?

That is a 30m chart, I know that you are not customed to see a high TF from me.
  • #42,064
  • Oct 28, 2008 12:40am Oct 28, 2008 12:40am
i'm not really with Fibo but is this possible??
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  • #42,065
  • Oct 28, 2008 12:54am Oct 28, 2008 12:54am
Just looking at the higher timeframes to see where we are at in this down trend.

I drew fibs on the weekly, going back to "the beginning"....0.8225 (Oct 2000) to the EU's peak price... 1.2130/32 is the 50% fib of that entire move.

With the way this thing has taken a cliff-dive off it's peak, not sure when that will be but certainly a target to keep in mind.

Trade well all
  • #42,066
  • Oct 28, 2008 12:59am Oct 28, 2008 12:59am
Quoting cobraforex
What did you smoke today, AK?

That is a 30m chart, I know that you are not customed to see a high TF from me.
read your post all wrong... you were waiting 10 minutes, not looking at 10m chart.. well, that and getting stopped out on my trade is gonna do it for me tonite. Oh well, it's worked REALLY well the other times. Gotta pay the piper now and then I guess.

The big dogs are back playing at something, but they don't need me. Watch Frankfurt undo the whole thing in a few minutes.. wouldn't that be something.

Anyway, like the sticky on my monitor says... "THE BIG DOGS ARE THE BEST INDICATOR..." g'nite and g'pips to you all...
FUBAR...
  • #42,067
  • Oct 28, 2008 1:01am Oct 28, 2008 1:01am
Quoting Mr.Sabah
i'm not really with Fibo but is this possible??

Everything is a possibility.


Nothing is a certainty.
Not all sins are created equal
  • #42,068
  • Oct 28, 2008 1:06am Oct 28, 2008 1:06am
If somebody is interested to know what drove this long move have a look to this E/Y 30M chart, a 330 pips candle, incredible.

Good night AK and the other fellows
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  • #42,069
  • Oct 28, 2008 1:18am Oct 28, 2008 1:18am
Quoting cobraforex
If somebody is interested to know what drove this long move have a look to this E/Y 30M chart, a 330 pips candle, incredible.

Good night AK and the other fellows
yeah that's what i threw myself in front of... who knew? that's why God created stop losses.

the gy move was 430 pips in 30m but, 315 of them were on a single 15m candle. i caught enough of them last week going the right way I can't complain too loud. well i could, but who'd listen?
FUBAR...
  • #42,070
  • Oct 28, 2008 1:20am Oct 28, 2008 1:20am
Quoting Jay Walker
Everything is a possibility.

Nothing is a certainty.
Hey Jay.. that's deep. I'd say that's certainly a possibility
FUBAR...
  • #42,071
  • Oct 28, 2008 1:24am Oct 28, 2008 1:24am
Quoting ak4x
Hey Jay.. that's deep. I'd say that's certainly a possibility
The fact that it's certainly a possibility is a possibility as well
Not all sins are created equal
  • #42,072
  • Oct 28, 2008 2:09am Oct 28, 2008 2:09am
Greetings, be going to sell?
  • #42,073
  • Oct 28, 2008 2:12am Oct 28, 2008 2:12am
Quoting bowman
Greetings, be going to sell?
Not yet
Not all sins are created equal
  • #42,074
  • Oct 28, 2008 2:16am Oct 28, 2008 2:16am
My chart
Attached Image
  • #42,075
  • Oct 28, 2008 2:26am Oct 28, 2008 2:26am
Quoting ak4x
\"Yishar Koach\" my friend... \"Be'ahavat Yisrael\"

You might want to enable your PM function in your profile... it's not currently available.
Yeah, i'm kind of a newbie. -PM function enabled.-

lol, where do you know all of this Hebrew?
  • #42,076
  • Oct 28, 2008 2:37am Oct 28, 2008 2:37am
Good time to short?
  • #42,077
  • Oct 28, 2008 2:57am Oct 28, 2008 2:57am
Is it news time?

Both EUR/USD and AUD/USD took a quick dive.

And of course I missed both opportunities to short, despite staring at the screen the last 5 hours.
  • #42,078
  • Oct 28, 2008 3:06am Oct 28, 2008 3:06am
hi traders

just after my call for euro+cable the two pairs influenced by my calls (news).

and how that happened
the secret in the (news).


and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind

if you find most posts talk about retrace that will may happen you will find the price is going down, and if you find most posts talk about the continuation of down trend you will find price is going up .

any way i still predict the continuation of down trend in both pairs.

have fun
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  • #42,079
  • Oct 28, 2008 3:17am Oct 28, 2008 3:17am
is eur going down?i beleive its going down 1.2300 area,the double top confirms it
  • #42,080
  • Oct 28, 2008 3:29am Oct 28, 2008 3:29am
Quoting enoh james a
is eur going down?i beleive its going down 1.2300 area,the double top confirms it

Isn't the double top used for markets that are trending up?

How did you use it for trending down? Shouldn't it be double bottom?

Anyway, I'll say its still a trading range until another breakaway happens
So watch every minute as it unfolds and trade in the direction.
Read 'The disciplined trader'.
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