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  • #42,661
  • Oct 30, 2008 4:14pm Oct 30, 2008 4:14pm
Has anyone noticed how easily the price came down thru the 000 level, then tested and failed. I blieve the bias. is still down, and now we got a perfect daily pin.

J
  • #42,662
  • Oct 30, 2008 4:16pm Oct 30, 2008 4:16pm
Quoting hard1head1
Has anyone noticed how easily the price came down thru the 000 level, then tested and failed. I blieve the bias. is still down, and now we got a perfect daily pin.

J
I agree... also shampoo on h1 .... gu too...
Patience + Discipline - Greed = Success
  • #42,663
  • Oct 30, 2008 4:25pm Oct 30, 2008 4:25pm
Good Day everybody

i am short
TP = 1.2855/65
  • #42,664
  • Oct 30, 2008 4:28pm Oct 30, 2008 4:28pm
Agreed and 1.2738 is not beyond reach. I expect it to hit this level later.

Jim

Quoting To Be
Good Day everybody

i am short
TP = 1.2855/65
  • #42,665
  • Oct 30, 2008 4:29pm Oct 30, 2008 4:29pm
I am a new one, could you explain that mean? Does the price will make a turn, and going down?
  • #42,666
  • Oct 30, 2008 4:30pm Oct 30, 2008 4:30pm
And yes, I see the inverted hammer on the 1.

Quoting Infinity
I agree... also shampoo on h1 .... gu too...
  • #42,667
  • Oct 30, 2008 4:30pm Oct 30, 2008 4:30pm
Quoting To Be
Good Day everybody

i am short
TP = 1.2855/65
I went short too at 1.2912 with TP at 1.2860
  • #42,668
  • Oct 30, 2008 4:30pm Oct 30, 2008 4:30pm
www.babypips.com

Jim

Quoting daili
I am a new one, could you explain that mean? Does the price will make a turn, and going down?
  • #42,669
  • Oct 30, 2008 4:41pm Oct 30, 2008 4:41pm
Quoting daili
I am a new one, could you explain that mean? Does the price will make a turn, and going down?
sorry but i think so

never forget STOP LOSS specially if you are not sure
  • #42,670
  • Oct 30, 2008 4:47pm Oct 30, 2008 4:47pm
I am a true believer that before anyone gets into something like the forex, they should at least go thru some kind of 101 training and at least learn the basics. I am not trying to be rude, but I was taught the same way.
  • #42,671
  • Oct 30, 2008 4:52pm Oct 30, 2008 4:52pm
good indicator of a short.


Quoting hard1head1
This pin can not be ignored.
  • #42,672
  • Oct 30, 2008 5:09pm Oct 30, 2008 5:09pm
Quoting jonesla9
good indicator of a short.
hi jonesla9

sorry , what indicator you are using ?
  • #42,673
  • Oct 30, 2008 5:15pm Oct 30, 2008 5:15pm
Quoting psiholog
regarding the h&s mentioned...im 65% sure now this is what it is....extreme resistance at the neckline(shoulderline oops)...a tap of the upper wall of the current downtrend and no break...resistance1 is right there as well....3 bull candles as close as it gets to 3white soldiers (1hr chart) if you forget about the spikes which is usually followed by one big bear candle down....this fits the profile allright...if you want to be safe though consider entry when neckline is broken as that serves as double confirmation and there still will be hundreds of pips from that point down

Attachment
we have currently reached the neckline which doubles as the pivot point and triples as 50% fib retracement. once that is broken next possible support is 61.8% around 1.2700. once we break through that...full retracement on the way. as someone said earlier...today has been very simple in anticipating what comes next. now the real question comes...is it just luck or great skill

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Different opinions highly valued, ignorant to slander.
  • #42,674
  • Oct 30, 2008 5:16pm Oct 30, 2008 5:16pm
No indicator just the formation of candle on the daily chart



Quoting To Be
hi jonesla9

sorry , what indicator you are using ?
  • #42,675
  • Oct 30, 2008 5:28pm Oct 30, 2008 5:28pm
Another confirmation for going short...
Look at the nice head and shoulders pattern on the 30M:
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  • #42,676
  • Oct 30, 2008 5:33pm Oct 30, 2008 5:33pm
Short @1.28643, lets see how it goes.

All my indicators are pointing a downtrend for now.
  • #42,677
  • Oct 30, 2008 5:34pm Oct 30, 2008 5:34pm
Where do you find the daily pivots ?
  • #42,678
  • Oct 30, 2008 5:47pm Oct 30, 2008 5:47pm
Quoting mlambole
Where do you find the daily pivots ?
I get them from here:

http://www.actionforex.com/technical...-200603205734/
  • #42,679
  • Oct 30, 2008 5:48pm Oct 30, 2008 5:48pm
Quoting Bigvick991
Short @1.28643, lets see how it goes.

All my indicators are pointing a downtrend for now.

with me still not confirmed.

i think we might see 1.2890/1.300
  • #42,680
  • Oct 30, 2008 5:54pm Oct 30, 2008 5:54pm

Hi guys .. I came back now.
As already mentioned yesterday for an upward trend it is important not to fall below 2750 ..
Today this value lends itself well as support .. What do you think about ?

The best thing that can happen to you is to find out where you're wrong.
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