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EURUSD

  • #64,701
  • Feb 12, 2009 6:50pm Feb 12, 2009 6:50pm
Quoting ak4x
EU 1hr chart starting from a'rd noon of last Friday Feb 6th... and including new pivots for today from 5pm EST.

The TL anchor ends in the yellow circles are drawn not from the Hi/Lo wick ends, but from the S/R zones that the market was respecting and able to sustain at the time based on a 1hr TF.

The white shaded bars are horizontal S/R levels that have held true thruout the week. You can see inside the Aqua circles where price would either congest or bounce at those levels as the week progressed. I didn't draw all of them but you can find others...
Dude, you're on a short?

What about the double bottom on the daily chart? Seems like it may be an upclose today, aye?
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 110 KB
  • #64,702
  • Edited 7:17pm Feb 12, 2009 6:53pm | Edited 7:17pm
Quoting lindee
Yeah, I'm keeping a close eye on the trend line across the bottom of the w. I just haven't done much on Chf. I understand some of the correlation but still have a lot to learn that's why I ask'd you. I knew that they are suppose to be polar opposites which is why I don't understand that they look similar on the weekly.
let me confuse you more. watch the ec... its on the lower trendline if it moves up eur strong chf weak.. and so on........all the stars have to line up...and it has a monthy w also.. more comfirmation
those who can, do. those who cant, talk about those who can
  • #64,703
  • Feb 12, 2009 7:16pm Feb 12, 2009 7:16pm
Quoting ThePipsMaker
Dude, you're on a short?

What about the double bottom on the daily chart? Seems like it may be an upclose today, aye?
That's why I'm personally short.

-No close above middle band for just over a month.

The double bottom is just another thing to make a trade on when it breaks it.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 90 KB
  • #64,704
  • Feb 12, 2009 7:17pm Feb 12, 2009 7:17pm
Quoting ak4x
Careful trades all... http://www.forexfactory.com/attachme...1&d=1234483472

(("Encore" short running from 2900 on second hit of M3 ((again)) with +1 locked and keeping a sharp eye out))
ak4x,

would you kindly share the discrete S/R indy please? Its absolutely amazing that is not clogging the whole chart

Thanks
  • #64,705
  • Feb 12, 2009 7:23pm Feb 12, 2009 7:23pm
Quoting kentashiburo
ak4x,

would you kindly share the discrete S/R indy please? Its absolutely amazing that is not clogging the whole chart

Thanks
It's FX AccuCharts.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart5.PNG Size: 83 KB
  • #64,706
  • Feb 12, 2009 7:24pm Feb 12, 2009 7:24pm
ak4x, thanks for your chart. at least i know i am not alone in my own analysis.

more pips to everybody.
  • #64,707
  • Feb 12, 2009 7:28pm Feb 12, 2009 7:28pm
Quoting ribbit
ak4x, thanks for your chart. at least i know i am not alone in my own analysis.

more pips to everybody.
what is ur analysis plzzz
  • #64,708
  • Feb 12, 2009 7:30pm Feb 12, 2009 7:30pm
Quoting Code4Capital
It's FX AccuCharts.
Thanks!

Do you think is doable in mql4 as well; i mean not to draw the whole S/R lines, but rather just on the side with short manageable line?
  • #64,709
  • Feb 12, 2009 7:32pm Feb 12, 2009 7:32pm
[00:17 EUR/USD: Talk Of Stops Above 1.2910] Sydney, February 13: Traders report decent selling interest ahead of 1.2910 with stops just above that level. A break above 1.2910 targets a number of hourly highs between 1.2930/45. The market will keep a close eye on flows out of Tokyo where EUR/JPY selling has featured on a number of days over the past two weeks. The EUR/USD trades 1.2881/86. --
  • #64,710
  • Feb 12, 2009 7:34pm Feb 12, 2009 7:34pm
Quoting kentashiburo
Thanks!

Do you think is doable in mql4 as well; i mean not to draw the whole S/R lines, but rather just on the side with short manageable line?
I don't really know, but you can do if you wanted to of course use FX Accucharts for charting and then trade off of MT4. I trade off of Currenex myself and just us FX Accucharts for the charting.

Kentashiburo, where did you get that info you posted above this post?
  • #64,711
  • Feb 12, 2009 7:35pm Feb 12, 2009 7:35pm
Quoting Code4Capital
That's why I'm personally short.

-No close above middle band for just over a month.

The double bottom is just another thing to make a trade on when it breaks it.
Ok thks
  • #64,712
  • Feb 12, 2009 7:38pm Feb 12, 2009 7:38pm
Quoting Elghoz
what is ur analysis plzzz
Elghoz. Just close the trade already. This is the best advice you can take and the only thing that will truly help you learn. The only other option is Margin Call. Your decision. Take it from me. I learned the hard way.

Peace
  • #64,713
  • Feb 12, 2009 7:44pm Feb 12, 2009 7:44pm
Quoting ThePipsMaker
Ok thks
Let me add something else, if you have short positions, keep them, no positions wait for a better ideas as to where the markets going, ie breaks double bottom or closes above the middle band because whatever move it is, its going to be a big one seeing as how squeezed those bands are getting.
  • #64,714
  • Feb 12, 2009 7:56pm Feb 12, 2009 7:56pm
Quoting Code4Capital
It's FX AccuCharts.

this band setup seems to explode soon to the down side... as it is going in the lower side of the band.. right?
  • #64,715
  • Feb 12, 2009 7:57pm Feb 12, 2009 7:57pm
Quoting alexanvl
Elghoz. Just close the trade already. This is the best advice you can take and the only thing that will truly help you learn. The only other option is Margin Call. Your decision. Take it from me. I learned the hard way.

Peace
People rarely learn from winning. Elghoz wishes to be the most educated trader in the world He'll be the next Madoff.
  • #64,716
  • Feb 12, 2009 8:02pm Feb 12, 2009 8:02pm
Quoting Code4Capital
Let me add something else, if you have short positions, keep them, no positions wait for a better ideas as to where the markets going, ie breaks double bottom or closes above the middle band because whatever move it is, its going to be a big one seeing as how squeezed those bands are getting.
at at taget i should close the trade now plz iam in short margin 50 % if arrive to 1.2915 i will loose so at what position i shal close the sell or i keep any advice pls
  • #64,717
  • Feb 12, 2009 8:04pm Feb 12, 2009 8:04pm
Quoting kentashiburo
ak4x,

would you kindly share the discrete S/R indy please? Its absolutely amazing that is not clogging the whole chart

Thanks
pivots
daily weekly and monthly will give you what he has
Attached File(s)
File Type: mq4 ^Pivot_ResSup2.mq4   4 KB | 295 downloads
File Type: mq4 4_Pivot_Calculator.mq4   4 KB | 293 downloads
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 300 downloads
File Type: mq4 Pivots_Daily.mq4   17 KB | 287 downloads
File Type: mq4 Pivots_Daily_Median.mq4   16 KB | 289 downloads
File Type: mq4 Pivots_Monthly.mq4   7 KB | 311 downloads
File Type: mq4 Pivots_Monthly_Median.mq4   6 KB | 302 downloads
Don't chase the market, Let the market come to you
  • #64,718
  • Feb 12, 2009 8:04pm Feb 12, 2009 8:04pm
Quoting Elghoz
at at taget i should close the trade now plz iam in short margin 50 % if arrive to 1.2915 i will loose so at what position i shal close the sell or i keep any advice pls
try 1.2850
10 pips above daily pivot
many news tomorrow.... it will range a lot. many opportunities. have patience
  • #64,719
  • Feb 12, 2009 8:05pm Feb 12, 2009 8:05pm
and a few more
use what works for you
Attached File(s)
File Type: mq4 Pivots_Weekly.mq4   7 KB | 308 downloads
File Type: mq4 Pivots_Weekly_Median.mq4   6 KB | 287 downloads
File Type: mq4 Pivots_Weekly_Sunday.mq4   8 KB | 281 downloads
File Type: mq4 PivotLineTimezone.mq4   15 KB | 311 downloads
Don't chase the market, Let the market come to you
  • #64,720
  • Feb 12, 2009 8:06pm Feb 12, 2009 8:06pm
those will give you all the S/R you need to trade any pair

good luck

test them and pick and choose what works best for you and how you trade

first and foremost until you have sound MM, it will never matter what you use, you will lose
Don't chase the market, Let the market come to you
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