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  • #56,261
  • Edited 11:59pm Jan 13, 2009 11:57pm | Edited 11:59pm
Quoting doblece
LOL
Hmm... that's a good question indeed.
I just hope myself that you're not gambling...
No. Not anymore. I am now in serious trading business since yesterday. Boring, but good business.

ps. I always had plans to start it from January 13th. Probbly mentioned in one of my earlier posts.
The Thief of Wall Street
  • #56,262
  • Jan 14, 2009 12:24am Jan 14, 2009 12:24am
we just got rejected from the 4H gann line @ 1.3315
  • #56,263
  • Jan 14, 2009 12:26am Jan 14, 2009 12:26am
Quoting msniper
we just got rejected from the 4H gann line @ 1.3315
means what?
downward will continue
  • #56,264
  • Jan 14, 2009 12:28am Jan 14, 2009 12:28am
Quoting roziex
means what?
going long right now isn't healthy for your account.
  • #56,265
  • Jan 14, 2009 12:32am Jan 14, 2009 12:32am
Quoting doblece
True... though its distance to the neckline doesn't exceed that of the head (660 head - 436 pips right shoulder).

However, I'll dismiss the H&S on that doubt, but stick to the possibility of the EW count, as stated. (this includes also the possibility of pushing wave 5 a little lower to the upper 30xx... but the trend seems to be stalling IMO).
Anyway it's just a point of view... and a heads up just in case.
intraday cup formation - if so here comes the handle
  • #56,266
  • Jan 14, 2009 12:34am Jan 14, 2009 12:34am
Quoting roziex
means what?
downward will continue
yes as long we are below gann line we are going down
  • #56,267
  • Jan 14, 2009 12:38am Jan 14, 2009 12:38am
Quoting msniper
yes as long we are below gann line we are going down
Please explain what a gann line is. I suppose everybody else know but I dont.
  • #56,268
  • Jan 14, 2009 12:40am Jan 14, 2009 12:40am
Quoting roziex
means what?
downward will continue
look like that anyway still waiting for final confirmation once it breach the 1.3250 level
  • #56,269
  • Jan 14, 2009 12:43am Jan 14, 2009 12:43am
Quoting fxviking
Please explain what a gann line is. I suppose everybody else know but I dont.

This works on MT4 charts....
Attached File(s)
File Type: mq4 Gann_HiLo.mq4   2 KB | 330 downloads
  • #56,270
  • Jan 14, 2009 12:43am Jan 14, 2009 12:43am
Quoting blueace
going long right now isn't healthy for your account.
i will hold my short
  • #56,271
  • Jan 14, 2009 12:45am Jan 14, 2009 12:45am
Quoting Pyramus
look like that anyway still waiting for final confirmation once it breach the 1.3250 level
oh good and i have -ve floating at 3259
my target below around 3100
  • #56,272
  • Jan 14, 2009 12:51am Jan 14, 2009 12:51am
the blue line is the gann line it always act like resistance or support its very strong line
Attached Image (click to enlarge)
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  • #56,273
  • Jan 14, 2009 12:54am Jan 14, 2009 12:54am
News:
EUR/USD (1.3302)
European & US sessions forecast levels: 1.3140/1.3440
Trend Sessions: European: Neutral/Upward
US: Neutral/Downward
Market Focus: 8:30 AM Export Prices ex-ag, Import Prices ex-oil, Retail Sales, Retail Sales ex-auto, 10:00 AM Business Inventories, 2:45 AM France Current Account, 5:00 AM EU Industrial Production.
Daily Strategy: The dollar gain against the euro after the better than expected US Trade Deficit. The data was really good due too the low oil prices. The dollar is also supported by the expecting ECB interest rates cut. During the Asian session started temporary recovery of the euro due too the correction. But the tendency for continue rise of the dollar remain. The dollar may rise below 1.30 this week. The trading strategy today is opening short position, as sell oh high movements.
  • #56,274
  • Jan 14, 2009 12:55am Jan 14, 2009 12:55am
Quoting msniper
the blue line is the gann line it always act like resistance or support its very strong line
it's working time frame at M5?
  • #56,275
  • Jan 14, 2009 1:01am Jan 14, 2009 1:01am
Quoting roziex
it's working time frame at M5?
i use it in all frames from 15min and above but i dunno if it will work good in 5mins u acn't depend on it
  • #56,276
  • Jan 14, 2009 1:07am Jan 14, 2009 1:07am
Quoting msniper
the blue line is the gann line it always act like resistance or support its very strong line
If it doesn't now, there'll be 2nd and 3rd trials to it break it up, since the
line is steep. We just have to wait. Next target resistance is 1.3385.

p/s my support line as of now is 1.3205
  • #56,277
  • Jan 14, 2009 1:10am Jan 14, 2009 1:10am
e/u going to 1.3240 than up to 1.3380. in that order. look at your sup. & res.
100 pip range during eur session.
cuda
  • #56,278
  • Jan 14, 2009 1:12am Jan 14, 2009 1:12am
yes i agreed with you,i put my short pending order at 1.3370 and all the way up.
  • #56,279
  • Jan 14, 2009 1:27am Jan 14, 2009 1:27am
Who is hoping and who is gambling now?
The Thief of Wall Street
  • #56,280
  • Jan 14, 2009 1:35am Jan 14, 2009 1:35am
Quoting cuda
e/u going to 1.3240 than up to 1.3380. in that order. look at your sup. & res.
100 pip range during eur session.
cuda
I see it in the 1.3375 area myself....I think that is a good call
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