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  • #45,821
  • Nov 17, 2008 12:35pm Nov 17, 2008 12:35pm
I thought psiholog was saying "expert" as in "expert advisor", a series of actions and disciplines to program oneself into
  • #45,822
  • Nov 17, 2008 12:50pm Nov 17, 2008 12:50pm
Quoting TradeWell
Google Finance has semi-streaming Dow, S&P and Nasdaq, plus news (not streaming).
What is the relation of stock and EU, if stock is going down is it means that US$ is strong?
  • #45,823
  • Nov 17, 2008 12:50pm Nov 17, 2008 12:50pm
current pa is so typical...it screams continuation up with a bull flag. note that the bottom trendline of that triangle was previous resistance which should now be strong support...(1.2700 or so)...a break below that would cancel this bull flag...to be seen

Attached Image (click to enlarge)
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Different opinions highly valued, ignorant to slander.
  • #45,824
  • Nov 17, 2008 1:01pm Nov 17, 2008 1:01pm
Quoting psiholog
current pa is so typical...it screams continuation up with a bull flag. note that the bottom trendline of that triangle was previous resistance which should now be strong support...(1.2700 or so)...a break below that would cancel this bull flag...to be seen

Attachment
That's funny - I was just analyzing that same pattern.
However, I'm looking at the doji on the H1. Spike up, doji and resume long-term trend of 'down' is what I'm playing on at the moment.

Guess we'll find out which is correct in about an hour or 2 though
  • #45,825
  • Nov 17, 2008 1:15pm Nov 17, 2008 1:15pm
Quoting dwildes
That's funny - I was just analyzing that same pattern.
However, I'm looking at the doji on the H1. Spike up, doji and resume long-term trend of 'down' is what I'm playing on at the moment.

Guess we'll find out which is correct in about an hour or 2 though
i see what you mean on hourly chart...2 hours worth of small bear volumes with large spikes. from my interpretations of pa...usually after a strong trend up those hourly candlesticks can be best interpreted as consolidation periods before a third hourly candlestick that either fully engulfs the previous 2 or closes at least with a small bull volume followed by a 4th hourly candlestick that continues to make a new high. of course...this doesn't always happen but...to be seen
Different opinions highly valued, ignorant to slander.
  • #45,826
  • Nov 17, 2008 1:18pm Nov 17, 2008 1:18pm
here is a good example of my previous post

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 31 KB
Different opinions highly valued, ignorant to slander.
  • #45,827
  • Nov 17, 2008 1:18pm Nov 17, 2008 1:18pm
The AK4X 200 SMA resistance in action on E/Y

Was good for some scalps
Attached Image (click to enlarge)
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  • #45,828
  • Nov 17, 2008 1:42pm Nov 17, 2008 1:42pm
Quoting cobraforex
The AK4X 200 SMA resistance in action on E/Y

Was good for some scalps
Hi Cobra,

Thanks for great system. I have a question about your post. on your chart 200 SMA, how we can say that it will take some retracement?
It can go up by breaking the resistance or not?
I am just trying to see that thing which your eye is looking but I am not.
Is this pair always take retracement on 200 SMA?


Thanks.
  • #45,829
  • Nov 17, 2008 1:56pm Nov 17, 2008 1:56pm
Quoting 786 trading
Hi Cobra,

Thanks for great system. I have a question about your post. on your chart 200 SMA, how we can say that it will take some retracement?
It can go up by breaking the resistance or not?
I am just trying to see that thing which your eye is looking but I am not.
Is this pair always take retracement on 200 SMA?


Thanks.
It is a resistance that works mostly but like any other R&S it can be broken, retest etc.

It is always a good idea to have it on a chart if you trade E/U.

BTW: I'm relative new to that 200SMA, AK posted it last week or so, but now it is one of my important trading tools.

If you open a E/Y chart and add it you will see how it worked in historic data.
  • #45,830
  • Nov 17, 2008 1:57pm Nov 17, 2008 1:57pm
hmm my logic was faulted but see the error of my thinking now. we are approaching the final hour of the ny session stock market. this usually brings alot of volatility with it and makes technicals useless. and if today is a repeat of friday....lets just say its best for me to stay out of the market right now...if i get stopped out that is...haha...if not...we could see a 100pip run up
Different opinions highly valued, ignorant to slander.
  • #45,831
  • Nov 17, 2008 1:57pm Nov 17, 2008 1:57pm
Quoting Problem
Attached: SDX pivots indicator for Metatrader.

A new indicator is available for download now — it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use — you only need to set two input parameters for it to work properly:
» LocalTimeZone — should be set to your MetaTrader server’s time zone shift in hours relative to the GMT. E.g. if your charts in MT4 are for GMT-5, then you should enter “-5” for this parameter.
» DestTimeZone — is the time zone shift of the destination trading session relative to the GMT....
While this SDX indicator does allow adjustment/sliding of the trading day span from that of the MT4 server start of day to any other start of day point, IT DOES NOT use the standard formula for the Supports and the Resistances!

It does use the standard PV calculation of previous day (from your choice of when the trading day starts, not necessarily that of your server) of (H+L+C)/3. However the S&R levels are not computed via the standard formulas. For example, it computes S1 as (2*PV)-H whereas the standard formula is PV-((H-L)*0.382), yielding completely different results! Hence, this SDX yields completely non-standard results for all of the S&R levels.
  • #45,832
  • Nov 17, 2008 2:05pm Nov 17, 2008 2:05pm
Quoting dwildes
That's funny - I was just analyzing that same pattern.
However, I'm looking at the doji on the H1. Spike up, doji and resume long-term trend of 'down' is what I'm playing on at the moment.

Guess we'll find out which is correct in about an hour or 2 though
Moved my stop loss to B/E with 10 pips locked in.
I really want to close this trade for a 40 pip profit, but I'm going to see if it pushes farther down. It has all the characteristics for it to keep pushing, especially with a H4 PIN developed.
  • #45,833
  • Nov 17, 2008 2:15pm Nov 17, 2008 2:15pm
Well I'm out, and in terms of numbers it was a bad day.

So where did I go wrong, I was tired and illogical. The illogical (aka stupid) part really got me. Not sure there is a fix for stupid but Im going to see if those stem cell folks down in Central America can do something for me.

The good news, I had fun. Time to scrap the research, and perhaps stop looking for trades in that CNBC contest and focus on the part where real money is made and not lost.
Attached Image (click to enlarge)
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Redefining Reality
  • #45,834
  • Nov 17, 2008 2:34pm Nov 17, 2008 2:34pm
Quoting dwildes
Moved my stop loss to B/E with 10 pips locked in.
I really want to close this trade for a 40 pip profit, but I'm going to see if it pushes farther down. It has all the characteristics for it to keep pushing, especially with a H4 PIN developed.
congrats on the trade.....and good luck on the 40 pip profit....wish i could hold for that long on a steady basis.

mm
He who hesitates is hesitant....which always leads to bad entries.
  • #45,835
  • Nov 17, 2008 2:35pm Nov 17, 2008 2:35pm
Quoting piptechnician
Well I'm out, and in terms of numbers it was a bad day.

So where did I go wrong, I was tired and illogical. The illogical (aka stupid) part really got me. Not sure there is a fix for stupid but Im going to see if those stem cell folks down in Central America can do something for me.

The good news, I had fun. Time to scrap the research, and perhaps stop looking for trades in that CNBC contest and focus on the part where real money is made and not lost.
Trading my three favorite pairs today, I collected a combined 100 pips today. Now the market isn't going anywhere so I will call it a day. Going over my analytic and look towards the Asian session.

I totally agree about CNBC. I've been watching in for a year now and never entered to play. I signed up today and only found it a distraction. BTW, that site sucks. Its slow, badly designed (not designed with currency/stock traders in mind) and very confusing. So, I will definitly be leaving that alone. Just a waste of time.
  • #45,836
  • Nov 17, 2008 2:39pm Nov 17, 2008 2:39pm
Quoting Jhig
Trading my three favorite pairs today, I collected a combined 100 pips today. Now the market isn't going anywhere so I will call it a day. Going over my analytic and look towards the Asian session.

I totally agree about CNBC. I've been watching in for a year now and never entered to play. I signed up today and only found it a distraction. BTW, that site sucks. Its slow, badly designed (not designed with currency/stock traders in mind) and very confusing. So, I will definitly be leaving that alone. Just a waste of time.

I'm just going to get the stock side wrapped and let it ride for the duration. I agree on the currency side, the time I spent it was a distraction. Once again I've decided to let them ride as well. Maybe just look for adjustments over the weekend.
Redefining Reality
  • #45,837
  • Nov 17, 2008 2:47pm Nov 17, 2008 2:47pm
Quoting Mackeymax
congrats on the trade.....and good luck on the 40 pip profit....wish i could hold for that long on a steady basis.

mm
Thanks bud - yeah, it's a challenge for me as well.
I'm usually in/out within the hour, but this trade just looks ripe for the taking and I'm in a real good short price area.
  • #45,838
  • Nov 17, 2008 3:01pm Nov 17, 2008 3:01pm
Quoting psiholog
current pa is so typical...it screams continuation up with a bull flag.
go back to the left before the gap and look at how well that 2730 HORIZONTAL level held price and what it finally took to break out of it on a goofy artificially fueled Friday close... right before it collapsed back thru it at the first chance. I'm bearish still...

and if my limit sell at 2740 had not missed getting hit by 4 pips (second time today), I'd currently be a'rd 100 pips in profit... and if i was a pig and could fly, i'd be famous...
FUBAR...
  • #45,839
  • Nov 17, 2008 3:07pm Nov 17, 2008 3:07pm
Quoting ak4x
go back to the left before the gap and look at how well that 2730 HORIZONTAL level held price and what it finally took to break out of it on a goofy artificially fueled Friday close... right before it collapsed back thru it at the first chance. I'm bearish still...

and if my limit sell at 2740 had not missed getting hit by 4 pips (second time today), I'd currently be a'rd 100 pips in profit... and if i was a pig and could fly, i'd be famous...
Don't you hate those orders that miss by just a few pips?
I just closed my short for +68 pips. I think it's going to consolidate a little until Tokyo, so I'll look another entry then.

Hopefully you'll get in the game this round
  • #45,840
  • Nov 17, 2008 3:12pm Nov 17, 2008 3:12pm
anyone think we are gonna get that lower drift down like friday.. after market profit taken?
those who can, do. those who cant, talk about those who can
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