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  • #82,461
  • Apr 1, 2009 11:37pm Apr 1, 2009 11:37pm
have we really been in a 10 pip range the last 2 hours?

killing me.
--post hoc ergo propter hoc--
  • #82,462
  • Apr 1, 2009 11:40pm Apr 1, 2009 11:40pm
Quoting ak4x
That doesn't work always AK, this is the perfect market condition to trade the LWMA60.

Market condition changes and cobra changes the strategy.
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  • #82,463
  • Apr 1, 2009 11:41pm Apr 1, 2009 11:41pm
http://i40.tinypic.com/30rtpgh.jpg

Over the next weeks, the US may sprinkle viagra on it's wheaties and come out strong. I like the stoch on this. But I don't like the MACD. But there's been occasions where I didn't like it and still showed me lots of love.

So my verdict is simple. Short for now with a wide S/L to give this thing room to breathe. It's a bit like The Hulk. You don't like it when it's angry. And you want to give it as much room as you can spare.

And as always, I'm holding on to my f@#king hat with both hands.
Not all sins are created equal
  • #82,464
  • Apr 1, 2009 11:44pm Apr 1, 2009 11:44pm
Quoting Monk
have we really been in a 10 pip range the last 2 hours?

killing me.
Not to worry, plenty of movement coming up for everyone!
  • #82,465
  • Apr 1, 2009 11:45pm Apr 1, 2009 11:45pm
Quoting cobraforex
That doesn't work always AK, this is the perfect market condition to trade the LWMA60.

Market condition changes and cobra changes the strategy.
I've seen you talk about it often though. Thanks for the reply.
Up or down, gimme a ticket
  • #82,466
  • Edited Apr 2, 2009 12:16am Apr 1, 2009 11:47pm | Edited Apr 2, 2009 12:16am
Quoting candlesticks
Looking at the HOURLY Chart it seems that we have made a Inverted H/S Pattern.
I disagree. that would be a reversal pattern, and where is it reversing from at this point, and where would it reverse to? You didn't say in your post or on your chart, so not sure what to make of that.

The orange box represents the Range that price is currently in. The "reversals" such as they are/were is the PA just below and just above the box following the initial drop down last week. Upper left corner of the box is the weekly open gap.

You could potentially find mini shampoos on lower tf's that signal small reversals of a few dozen pips either way, but those are unreliable at worst and expire pretty quickly at best, and then they're irrelevant after that.
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FUBAR...
  • #82,467
  • Edited Apr 2, 2009 12:03am Apr 1, 2009 11:53pm | Edited Apr 2, 2009 12:03am
I think this was the best H&S this week. I believe Driver55 called it as well. The target was met to the pip!
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  • #82,468
  • Apr 1, 2009 11:53pm Apr 1, 2009 11:53pm
Quoting SpecialEd
I've seen you talk about it often though. Thanks for the reply.
De nada Ed

It was ripe to break, the triagle was very small, now a retest to see if we reload.
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  • #82,469
  • Apr 2, 2009 12:09am Apr 2, 2009 12:09am
Quoting cobraforex
De nada Ed

It was ripe to break, the triagle was very small, now a retest to see if we reload.
Still not convinced to shoot again, especially watching the 1H chart
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  • #82,470
  • Apr 2, 2009 12:14am Apr 2, 2009 12:14am
In the time i've still been here dithering about, my 6m has turned south, and my 20m is halfway thru confirming a turn south as well.

My remaining long portion got stopped out for +53 and I'm short on a small order from 3270 with a stop just above 90.

The possibility is that some profits were taken off dropping price down to the 5m 89ema (3260) to the freakin pip, but w/o actually turning the direction. The protracted stall here plays havoc with fast MA's on lower TF's like mine, and I go to plan B, which is short the stall for Big Pips and take a small loss if wrong.

If it does drop and price stalls at the CP, then that's probably it till Fo/Lo and it could thrash about and wind up staying there anyway when it settles down. Otherwise, I'd look for the target areas back at the DP and M2 down by the 1hr Lower BB. Either way, I won't be here.

Cheers and gone.
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FUBAR...
  • #82,471
  • Apr 2, 2009 12:16am Apr 2, 2009 12:16am
Quoting psiholog
my thoughts exactly...a real breakout would have moved more from the breakout wall in a much shorter amount of time. To me this is just an extension of the triangle upper wall..just creating more room for ranging until euro session.

if we manage to break 1.3285 then maybe i will consider this a real break...big maybe there and no intentions of buying this...or selling for that matter
you know you are a forex trader when you doze off at all times of the day for no apparent reason...even at 22 years old as i just passed out for the last few hours starting at 7pm......

anyways that post seems to still be valid....85 is holding...yet we havent re entered the previous triangle either...price action is stuck in the middle. so....for now i have added a second line to price action...an extension of the upper wall of the triangle to portray where price action is contained. I have also selected the temporary support and resistance. As before..a breakout of this area will indicate further direction.

Still flat...good pippin all

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Different opinions highly valued, ignorant to slander.
  • #82,472
  • Apr 2, 2009 12:21am Apr 2, 2009 12:21am
Good morinig/evening people
  • #82,473
  • Apr 2, 2009 12:26am Apr 2, 2009 12:26am
Quoting fraktalas
Good morinig/evening people
Moin
  • #82,474
  • Apr 2, 2009 12:27am Apr 2, 2009 12:27am
Hewwo Frak
Not all sins are created equal
  • #82,475
  • Apr 2, 2009 12:31am Apr 2, 2009 12:31am
Quoting Heilpraktike
Moin
Moin moin vonna waterkant
  • #82,476
  • Apr 2, 2009 12:33am Apr 2, 2009 12:33am
cobra oh cobra.. these days not so successful .. boat is moving slowly.. hee
  • #82,477
  • Apr 2, 2009 12:35am Apr 2, 2009 12:35am
Quoting psiholog
you know you are a forex trader when you doze off at all times of the day for no apparent reason...even at 22 years old as i just passed out for the last few hours starting at 7pm......

anyways that post seems to still be valid....85 is holding...yet we havent re entered the previous triangle either...price action is stuck in the middle. so....for now...
just a bull flag forming on M15 timeframes
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #82,478
  • Apr 2, 2009 12:37am Apr 2, 2009 12:37am
Quoting trading801
cobra oh cobra.. these days not so successful .. boat is moving slowly.. hee
If it moving slowly ahead is fine, every pip counts.

Will this bull flag on 1H work out?

I think I'll better take a nap, see you
  • #82,479
  • Apr 2, 2009 12:48am Apr 2, 2009 12:48am
Quoting djambazov84
just a bull flag forming on M15 timeframes
i did consider that however given the possibility theres an even bigger bear flag on the 4h charts...not considering any valid and letting pa do the talking by breaking known S/R levels. in any case i problably will remain flat all day as this is still the calm before the storm...when the storm hits and it should be starting soon (3-4 hours)....i doubt technicals can keep up with how volatile pa will be....to be seen


watch and dont touch...my philosophy for the day...april 2nd will go down as a memorable day in history...must have a front row seat
Different opinions highly valued, ignorant to slander.
  • #82,480
  • Apr 2, 2009 12:54am Apr 2, 2009 12:54am
Quoting psiholog
i did consider that however given the possibility theres an even bigger bear flag on the 4h charts...not considering any valid and letting pa do the talking by breaking known S/R levels. in any case i problably will remain flat all day as this is still the calm before the storm...when the storm hits and it should be starting soon (3-4 hours)....i doubt technicals can keep up with how volatile pa will be....to be seen


watch and dont touch...my philosophy for the day...april 2nd will go down as a memorable day in history...must have...


psil .. your storm is the min bid rate news?
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