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  • #42,401
  • Oct 29, 2008 11:32am Oct 29, 2008 11:32am
Quoting ak4x
that only helps if you indicate the TF..
He DID: 200hrs SMA...
  • #42,402
  • Oct 29, 2008 11:33am Oct 29, 2008 11:33am
Quoting ak4x
that only helps if you indicate the TF.. btw, my 5m 200sma showed a pip perfect bounce at 2439, not penetration altho that should be next down to the 89ema at least, then we'll see.

Screenshot a little behind current PA, but you can see what actually happened even better now... that 89ema is a tuff nut. under that a few pips is a 133ema which is really brutal. always.
if look at 1HR TF 200hrs sma
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,403
  • Oct 29, 2008 11:33am Oct 29, 2008 11:33am
Quoting TradeWell
I am sorry but I can't help you with those brokers, but I am curious to why you are switching. Can you explain a little?
Do a search around this forum and Google and you'll quickly understand why.

Back to topic, looks like we're going up again.
Not all sins are created equal
  • #42,404
  • Oct 29, 2008 11:35am Oct 29, 2008 11:35am
the true midwall...the correct channel walls (only lower wall was accurate ) is shown as here...happy pippin all....we may see a new high yet....i dont think before the feds though

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 35 KB


cobra those pivot points..man oh man
Different opinions highly valued, ignorant to slander.
  • #42,405
  • Oct 29, 2008 11:36am Oct 29, 2008 11:36am
Quoting Niandra_lade
very strange.

Especially the AUD/USD which usually mirrors the EUR/USD.
Not always
  • #42,406
  • Oct 29, 2008 11:40am Oct 29, 2008 11:40am
Quoting ak4x
I'm tellin you mike, you need one of these...
The cat or the guy?

m
  • #42,407
  • Oct 29, 2008 11:41am Oct 29, 2008 11:41am
Typical new york session PA
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #42,408
  • Oct 29, 2008 11:47am Oct 29, 2008 11:47am
Quoting TIckerShuffl
Not always
EUR/USD is mirror EUR/JPY . Its going down. Risky short oppotunity here-
I have not failed. I've just found 10,000 ways that won't work -
  • #42,409
  • Oct 29, 2008 11:52am Oct 29, 2008 11:52am
Quoting psiholog
the true midwall...the correct channel walls (only lower wall was accurate ) is shown as here...happy pippin all....we may see a new high yet....i dont think before the feds though

Attachment

cobra those pivot points..man oh man
with the last spike up within the bigger uptrend a triangle has developed. price action may remain contained within those triangle walls until feds rate decision and the reaction that follows...i also added fibs from the current high to current low. 61.8% is becoming resistance for the time being.

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 35 KB
Different opinions highly valued, ignorant to slander.
  • #42,410
  • Oct 29, 2008 11:54am Oct 29, 2008 11:54am
Quoting TIckerShuffl
89?? You could set moving averages... to support any price level. Need more historic data in chart to show it's consistancy to represent levels. Can you show more duration on the chart to support the 89EMA?
Thought I'd be on your ignore list by now, but since you asked...

I could , but I haven't. I have posted these same numbers on many other posts for some time now, with the PA action at those levels. They are fairly consistent... enough for me to trade them with some degree of confidence in addition to my regular non MT4 charts.

It's a 5m scalp chart. If you want historic data, as with any indi, insert one in your own chart and see what they do across various TF's. I have been getting PM's about some of these and that's why I post them with indicated TF's, to expand the pool of input as folks either find them useful or not.

These are all in the process of being winnowed out from my yen cross charts where they originated and carried over to the EU chart where they are compared to my non MT4 charts which I usually trade. The ones that survive the testing process will be kept, the others deleted. I do this across several TF's. Below is the Mt4 1m scalp chart for instance. You can count the pips as well as I can.

For example... put a 133ema on your monthly EU chart and make your own decision. that line was on my chart looooong before price got to within a couple dozen pips, not bad for a monthly. Better yet, just look at the 5m chart since I posted the chart. S/R on the way down and S/R on the way back up.

But I don't want this to be about me... I'll stop now.
Attached Image
FUBAR...
  • #42,411
  • Oct 29, 2008 11:58am Oct 29, 2008 11:58am
Quoting psiholog
with the last spike up within the bigger uptrend a triangle has developed. price action may remain contained within those triangle walls until feds rate decision and the reaction that follows...i also added fibs from the current high to current low. 61.8% is becoming resistance for the time being.

Attachment
so u agree, not its heading downturn
I have not failed. I've just found 10,000 ways that won't work -
  • #42,412
  • Oct 29, 2008 11:59am Oct 29, 2008 11:59am
Quoting doblece
He DID: 200hrs SMA...
my bad, different labeling than I'm used to and read too fast.
FUBAR...
  • #42,413
  • Oct 29, 2008 12:02pm Oct 29, 2008 12:02pm
Quoting ak4x
my bad, different labeling than I'm used to and read too fast.

I shorted @ 1.2905
I have not failed. I've just found 10,000 ways that won't work -
  • #42,414
  • Oct 29, 2008 12:03pm Oct 29, 2008 12:03pm
Quoting PrisonPlanet
so u agree, not its heading downturn
the pair is preparing for take off. either to the upside or to the downside. at this point in time....the range for price action is 100pips. that is alot compared to normal standards which is good for scalping. as far as the real direction from here....have to wait for the news
Different opinions highly valued, ignorant to slander.
  • #42,415
  • Oct 29, 2008 12:11pm Oct 29, 2008 12:11pm
Quoting psiholog
the pair is preparing for take off. either to the upside or to the downside. at this point in time....the range for price action is 100pips. that is alot compared to normal standards which is good for scalping. as far as the real direction from here....have to wait for the news

What do you think the reaction will be in either case? So if they lowered the interest rate it should jump back up , otherwise keep the downtrend
?
I have not failed. I've just found 10,000 ways that won't work -
  • #42,416
  • Oct 29, 2008 12:14pm Oct 29, 2008 12:14pm
The Euro will look for a short-term corrective recovery as fear eases slightly.
But rallies will tend to attract selling pressure relatively quickly given the underlying lack of confidence.
  • #42,417
  • Oct 29, 2008 12:17pm Oct 29, 2008 12:17pm
Quoting PrisonPlanet
I shorted @ 1.2905
The spikes are killers right now, as I suspect the liquidity is lightening up in advance of the rate announcement. So watch your SL if possible, to stay clear of them. I had an EU sell limit in place at 2950 for the 1hr retest that got hit by a pip.

Fwiw, I'm short all 3 pairs that I trade right now, EU/EJ well into green pips, and stupid GY banging back and forth between +/- but the 15m looking good with the 4h 62ema holding so far, the 1hr 200sma will tell the tale. If this pair collapses thru that 160.oo level, it's cha-ching city. If it doesn't, it could get ugly for all us shorts... I'm in "whatever" mode right now, so it's either TP or SL.
FUBAR...
  • #42,418
  • Oct 29, 2008 12:18pm Oct 29, 2008 12:18pm
Quoting PrisonPlanet
What do you think the reaction will be in either case? So if they lowered the interest rate it should jump back up , otherwise keep the downtrend
?
honestly i dont know what to expect. the dow is almost flat. 1.3000 is a great psychological resistance. the swings these past few weeks have been most disturbing to the best of us. the only ones that truly benefited are the long term traders who have had shorts open since this whole move began and gradually adding more. good scalpers did all right too. however at this point in time...everyone has to be careful. this is a historic day where the rate decision can take us way over 1.3000 and the stock market over 10000. to the downside we could see 1.25 or lower again and the stock market back to the lows. its all about how the market makers want it really...one would expect after yesterday the momentum to still be up thats why im inclined to think the uptrend continues but the reaction to the news will be the deciding factor
Different opinions highly valued, ignorant to slander.
  • #42,419
  • Oct 29, 2008 12:20pm Oct 29, 2008 12:20pm
Quoting ak4x
The spikes are killers right now, as I suspect the liquidity is lightening up in advance of the rate announcement. So watch your SL if possible, to stay clear of them. I had an EU sell limit in place at 2950 for the 1hr retest that got hit by a pip.

Fwiw, I'm short all 3 pairs that I trade right now, EU/EJ well into green pips, and stupid GY banging back and forth between +/- but the 15m looking good with the 4h 62ema holding so far, the 1hr 200sma will tell the tale. If this pair collapses thru that 160.oo level, it's cha-ching city. If it doesn't, it could get ugly for all us shorts... I'm in \"whatever\" mode right now, so it's either TP or SL.

I see what your saying on the 1h. on this triangle am only looking @ the M15 and M5. I have longed again @ 2875. lets see if my ping pong is working. I had a ping and pong, .. one more ping
I have not failed. I've just found 10,000 ways that won't work -
  • #42,420
  • Oct 29, 2008 12:28pm Oct 29, 2008 12:28pm
Quoting psiholog
honestly i dont know what to expect. the dow is almost flat. 1.3000 is a great psychological resistance. the swings these past few weeks have been most disturbing to the best of us. the only ones that truly benefited are the long term traders who have had shorts open since this whole move began and gradually adding more. good scalpers did all right too. however at this point in time...everyone has to be careful. this is a historic day where the rate decision can take us way over 1.3000 and the stock market over 10000. to the downside we could see 1.25 or lower again and the stock market back to the lows. its all about how the market makers want it really...one would expect after yesterday the momentum to still be up thats why im inclined to think the uptrend continues but the reaction to the news will be the deciding factor
If 50 basis points is "baked in the cake" wouldn't it be a non-event if that is in fact the cut we get?
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