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  • #43,121
  • Nov 3, 2008 4:57pm Nov 3, 2008 4:57pm
Quoting ak4x
Uh huh...
I use the 60 LWMA which appears to be close to the same, and I use it for the same reason, with success.
  • #43,122
  • Nov 3, 2008 5:08pm Nov 3, 2008 5:08pm
[quote=ak4x;2323762]Not from me...

Only comment is that I don't quite have the end of the Yen story clear in my mind yet. It's really an interesting enigma they've got theirselves into over there. Reminds me of the old movie Catch-22.

What would Major Major do? I guess that should have read WWMMD?[/quot

time will tell. this and a few tools mad me 300 pips last night with no loss. but i lost 550 on the eur/yen ride up a week or 2 back. i never anticipated a 1300 pip pullback..pryer to october my sl would of never been triggered whlile i slept (550 pips) and had it not i would be a few hundred pips up on that lost trade. any way the trend is my friend and europe and most of the world is behind the u.s 6 months or more.
those who can, do. those who cant, talk about those who can
  • #43,123
  • Nov 3, 2008 5:22pm Nov 3, 2008 5:22pm
HI cobra, I'm from Guayaquil, Ec..

I want to ask you, what system trading do you use?

y es bueno ver gente de ecuador interesado en el forex.,, avisa ahi para compartir sistemas
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #43,124
  • Nov 3, 2008 5:29pm Nov 3, 2008 5:29pm
Quoting ikki
HI cobra, I'm from Guayaquil, Ec..

I want to ask you, what system trading do you use?

y es bueno ver gente de ecuador interesado en el forex.,, avisa ahi para compartir sistemas
Hola bienvenido
Your PM or email is not configurated, to the respect of other international members I prefere sending an email instead of posting spanish.
Try to open your PM config. that is located in your profile setup in FF

BTW I'm in Portoviejo
  • #43,125
  • Nov 3, 2008 6:09pm Nov 3, 2008 6:09pm
There's some pre-asian session yen activity taking place that seems a little out of character for right now, and it's tweaked some mental trip wires in that I"m not able to account for it yet... If this continues on into asian opening, then all bets offs and all my earlier comment retracted on things remaing sort of rangy for the time being.

I'm especially watching GY (currently 156.00) to see if it breaks 154-155ish 4hr horizontal S/R, as the next step down is a'rd 151.xx and then a nice drop back to the top of the range at 146.xx. That would drag EJ/EU down as well a lot quicker than I have been expecting.

Someone somewhere may be more nervous about tomorrow than I'd imagined, or there's some other mischief afoot. Doing a little scalping only for fixed pips and babysitting existing shorts TFN, but not really focused on trading this evening. Be happy for a boring evening but setting the alarms just in case...

Remember, the BIG DOG is the best indicator of all.
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FUBAR...
  • #43,126
  • Nov 3, 2008 6:17pm Nov 3, 2008 6:17pm
in addition to my previous post i would like to note the update pivot point levels with pivot at 1.2696 re-confirming the importance of that 1.2700 level. on top of that...the trend wall since the 1.32xx high is right around there as well so that area in the ellipse could provide as one of the best entry points for a short position.....patience is key now. Still am looking to load the short gun there but notable resistance has to be proven first with nice candlestick pattern confirmations and no break of that upper trend wall

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Different opinions highly valued, ignorant to slander.
  • #43,127
  • Nov 3, 2008 6:55pm Nov 3, 2008 6:55pm
Quoting cobraforex
It looks like it is equivalent to about 5M chart...

BTW: It is a nice method and closed to my 60MA system
Hi Cobra, as you are, possibly, well aware, I would not normally look at a 60SMA on a 5Min chart. {I don't normally even look at a 5Min Chart} So, as an experiment, I opened a 5Min EUR/USD chart and applied your 60MA {looks like SMA to me} then added an "8Hr Session SMA" & a "24Hr SMA" .

Interesting, the confluence & release it exposed.

Are you listening AK4X?
  • #43,128
  • Nov 3, 2008 6:56pm Nov 3, 2008 6:56pm
Quoting Maxsmart
I'll remember you said that when its back down to 1.24 buddy.
Just to remind everyone when we get back to 1.24 that Sun trader is a dumb ass. I'm up 600 pips so far from my put @ 1.32. My target is for an 800 pips profit. Sun trader isn't the only person allowed to share his advice and is a unhappy dumb ass.
  • #43,129
  • Nov 3, 2008 7:06pm Nov 3, 2008 7:06pm
Quoting Maxsmart
Just to remind everyone when we get back to 1.24 that Sun trader is a dumb ass. I'm up 600 pips so far from my put @ 1.32. My target is for an 800 pips profit. Sun trader isn't the only person allowed to share his advice and is a unhappy dumb ass.
good trade
those who can, do. those who cant, talk about those who can
  • #43,130
  • Edited 7:27pm Nov 3, 2008 7:13pm | Edited 7:27pm
Quoting Bemac
Hi Cobra, as you are, possibly, well aware, I would not normally look at a 60SMA on a 5Min chart. {I don't normally even look at a 5Min Chart} So, as an experiment, I opened a 5Min EUR/USD chart and applied your 60MA {looks like SMA to me} then added an \"8Hr Session SMA\" & a \"24Hr SMA\" .

Interesting, the confluence & release it exposed.

Are you listening AK4X?
Very interesting, at cross of 1H to 8H and 1D they have been pretty closed (clear short signal).
BTW, my 60 is a LWMA in 5 and 15M and 30 above is EMA, don't ask me why but that is what I'm looking at since more than a year and it works fantastic as resistance or support in all TF.
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  • #43,131
  • Nov 3, 2008 7:27pm Nov 3, 2008 7:27pm
Quoting Bemac
Are you listening AK4X?
Always...

On another note... Yen is on a serious tear just prior to news I expect , but eu just sitting there... waiting for Newton's 3rd law to kick in.
FUBAR...
  • #43,132
  • Nov 3, 2008 7:30pm Nov 3, 2008 7:30pm
EJ is a'rd 40 pips shy of that LTL on previous chart, which just happens to coincide with the 1hr 200sma. That may limit how much movement we see on EU, if it bounces. On the other hand...
FUBAR...
  • #43,133
  • Nov 3, 2008 7:32pm Nov 3, 2008 7:32pm
Next consolidation heading South
1.2550 to 1.2500.
Acumen; Are you ready?

Waiver: All Fundamentals, including Election, aside.

Wow: that's a pretty impressive prediction considering it fell from ~ 1.2600 to 1.2560 while I was typing this post.
@ any rate; expect a consolidation down to 1.2500 to hold for a while. {peraps a couple of hours.}
  • #43,134
  • Nov 3, 2008 7:34pm Nov 3, 2008 7:34pm
Been short since 2822 and profits locked in. It's been a good day.

Just got back. How are things around here?
Not all sins are created equal
  • #43,135
  • Nov 3, 2008 7:35pm Nov 3, 2008 7:35pm
can somebody recomend me any correlation indicator? that mesure percentage of correlation between different instrument.. thank you
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #43,136
  • Nov 3, 2008 7:40pm Nov 3, 2008 7:40pm
Quoting Jay Walker
Been short since 2822 and profits locked in. It's been a good day.

Just got back. How are things around here?
its been quite good,,why you closed you position?
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #43,137
  • Nov 3, 2008 7:42pm Nov 3, 2008 7:42pm
Im currently up 500 pips on GBPUSD
  • #43,138
  • Nov 3, 2008 7:42pm Nov 3, 2008 7:42pm
Quoting cobraforex
BTW, my 60 is a LWMA in 5 and 15M and 30 above is EMA, don't ask me why but that is what I'm looking at since more than a year and it works fantastic as resistance or support in all TF.
Just another view on 60MA on 4H chart, look what the PA did, and with the hint of AK4X pointing to the E/Y yesterday you may imagen what I traded.
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  • #43,139
  • Nov 3, 2008 7:49pm Nov 3, 2008 7:49pm
Quoting vulture
its been quite good,,why you closed you position?
No I haven't. I locked in some profits @ 2651. So worse comes to worse, I make money. If things are good, I make more money
Not all sins are created equal
  • #43,140
  • Nov 3, 2008 7:57pm Nov 3, 2008 7:57pm
Quoting cobraforex
Very interesting, at cross of 1H to 8H and 1D they have been pretty closed (clear short signal).
BTW, my 60 is a LWMA in 5 and 15M and 30 above is EMA, don't ask me why but that is what I'm looking at since more than a year and it works fantastic as resistance or support in all TF.
A little Math.
60LWMA on a 5Min Chart is measuring {albiet wieghted} 60*5min = 300 Minutes.
300/60 = 5 Hours. Is there a particular reason you are interested in the last 5 Hours of Trading Price Activity?

I know MA's get bashed around here but:

"Hi: My name is Bemac & I use MA's.
Trading is Addictive. Even moreso the longer you hang around it. I've used Gann, Fib {still do}, BB, Hulls, Chandes, Patterns {still do} RSI,CCI, MACD, everthing 'Wilder' wrote (& for the older crowd; Bill Gary, Jake Bernstien, & the list goes on.)
For Me; MA's give me a better {visual} understanding of the Term a move that is suggested by PA will last."

I feel cleansed.
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