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  • #76,421
  • Mar 17, 2009 12:01pm Mar 17, 2009 12:01pm
EUR-USD has got support from the Friday's congestion area. The 4 H chart has closed inside the channel, making a downward move null for the time being.

The focus needs to be on the DAILY chart as we approach the last 4 hours of trading. If we close with an "inside bar", and especially with a long TOP wick, we could still see a bearish move tomorrow. But until that happens we are in a congestion.

Bullish sentiment imo is only if we break above 1.3093 level on the weekly chart.
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  • #76,422
  • Mar 17, 2009 12:04pm Mar 17, 2009 12:04pm
Any one of you have this ball and how to use it?
Attached Image (click to enlarge)
Click to Enlarge Name: euro_m15_170309.gif Size: 19 KB
Gold is Money but Money is not Gold
  • #76,423
  • Mar 17, 2009 12:08pm Mar 17, 2009 12:08pm
Quoting cdrmaster
How do you find a S/R how many times do the candles have to hit the area before you choose it....or do you just use the calculate ones like daily pivot....
I plot Support and Resistance off the 1 hour chart before i start trading. all you have to do it plot them and only the obvious highs and lows if you have to sit there and think "Hummm...is that S&R?" then its not and move on to the next, since most every trader uses S&R or trades some form of it at least that's why obvious S&R works well with Price Action.
  • #76,424
  • Mar 17, 2009 12:11pm Mar 17, 2009 12:11pm
Quoting nexx2k8
I plot Support and Resistance off the 1 hour chart before i start trading. all you have to do it plot them and only the obvious highs and lows if you have to sit there and think "Hummm...is that S&R?" then its not and move on to the next, since most every trader uses S&R or trades some form of it at least that's why obvious S&R works well with Price Action.

want to give me run down on price action... is it just the movement of the currency in one direction or another or is there more to it..?
If you need something important don't hesitate to ask someone else.....
  • #76,425
  • Mar 17, 2009 12:15pm Mar 17, 2009 12:15pm
just scalped 3001 to 3006. back out but watching carefully...
  • #76,426
  • Mar 17, 2009 12:16pm Mar 17, 2009 12:16pm
Quoting cdrmaster
want to give me run down on price action... is it just the movement of the currency in one direction or another or is there more to it..?
Heres some stuff i really like to get your going...

Inserted Video


http://www.youtube.com/user/YourTradingCoach (Really good Videos)

http://www.nobrainertrades.com/
  • #76,427
  • Mar 17, 2009 12:44pm Mar 17, 2009 12:44pm
Channel broken, going long.
  • #76,428
  • Mar 17, 2009 12:48pm Mar 17, 2009 12:48pm
Quoting F.x.
Channel broken, going long.
False break-out?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #76,429
  • Mar 17, 2009 12:52pm Mar 17, 2009 12:52pm
Quoting KillerWhale
False break-out?
was watching on 15m, price jumped back in channel seconds before candle close.also 23.6fib at 3016. so shorted there...
  • #76,430
  • Mar 17, 2009 12:57pm Mar 17, 2009 12:57pm
Quoting zamah
Any one of you have this ball and how to use it?
it is called 3_Level_ZZ_Semafor and shows three qualified highs/lows.
Can be usefuld together with confirming support and resistance levels.
/ ... clarifying decisions ... /
  • #76,431
  • Mar 17, 2009 1:00pm Mar 17, 2009 1:00pm
Quoting Driver55
I have attempted here a short at 1.2996
you still see it short mate ? I know you were waiting for CHF
was hunting for pips taking good eye on CHF until now made good pips very good pips

good trading
Follow The Trend
  • #76,432
  • Mar 17, 2009 1:01pm Mar 17, 2009 1:01pm
Quoting KillerWhale
False break-out?
Long again @ 298, still holding the other as well. Seems like we've got some good support forming.
  • #76,433
  • Mar 17, 2009 1:04pm Mar 17, 2009 1:04pm
The psych level of .3000 was going to be a nice barrier.

Either way... good for some PIPS.
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  • #76,434
  • Mar 17, 2009 1:05pm Mar 17, 2009 1:05pm
Quoting F.x.
Long again @ 298, still holding the other as well. Seems like we've got some good support forming.
been waiting for this setup all day.....
  • #76,435
  • Mar 17, 2009 1:06pm Mar 17, 2009 1:06pm
Short triggered first tgt 2918. That was excruciatingly long to get in gear since this move signaled 23 hours ago. stp at 3016 or tighter on smaller time frames.

Burping at 2901 developing.

TK
  • #76,436
  • Mar 17, 2009 1:07pm Mar 17, 2009 1:07pm
Guys, how do i post a graph up here from my trading station? How do i get it so the graph only is shown here, like most people post?
  • #76,437
  • Mar 17, 2009 1:07pm Mar 17, 2009 1:07pm
if you are short possible targets are fibs

38.2 - 1.2981
50 - 1.2953
61.8 - 1.2926

price has bounced between fibs all day..
  • #76,438
  • Mar 17, 2009 1:09pm Mar 17, 2009 1:09pm
Quoting Dagger
you still see it short mate ? I know you were waiting for CHF
was hunting for pips taking good eye on CHF until now made good pips very good pips

good trading

shorters, like me, will stay better only if we reopen a bar 1H <2980


http://www.forexfactory.com/showpost...ostcount=76351
The best thing that can happen to you is to find out where you're wrong.
  • #76,439
  • Mar 17, 2009 1:14pm Mar 17, 2009 1:14pm
Quoting nms4716
Guys, how do i post a graph up here from my trading station? How do i get it so the graph only is shown here, like most people post?
You have to have 100 post before anyone will read you graphs.
  • #76,440
  • Mar 17, 2009 1:14pm Mar 17, 2009 1:14pm
Quoting Driver55

shorters, like me, will stay better only if we reopen a bar 1H <2980



http://www.forexfactory.com/showpost...ostcount=76351
exactly i remmber that post. The price is moving up and down eatherway is good for quick pips

thank you

Its good to see what other thinking in this market its all helps in the end
Follow The Trend
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