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  • #89,041
  • Apr 23, 2009 10:14pm Apr 23, 2009 10:14pm
Quoting Jhig
I'm refering to my Trendline Break Strategy. I'm waiting for a valid Short entry signal using trendlines.

Attachment
this is some cool stuff man!
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #89,042
  • Apr 23, 2009 10:18pm Apr 23, 2009 10:18pm
US index weak support at 85.20, once break 85.10, then it will continue droppping... I'm looking US index to keep dropping from 85.50(if possible) to drops then I'mm start BUY EUR,

pending buy EUR at 1.3096 and looking into 1.3190, sl still remain 30 pip.
  • #89,043
  • Apr 23, 2009 10:21pm Apr 23, 2009 10:21pm
Quoting Mounzer
eurusd has to close this day below the brown colored descending channel in order to have a down movement again
If not then look for the Majenta colored channel
this looks good
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #89,044
  • Apr 23, 2009 10:21pm Apr 23, 2009 10:21pm
Gold is up to $905 per ounce and doesn't show signs of going down. (I finally cashed out on the buy orders that I made a few weeks ago.)
This could mean that EU will not come down yet.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #89,045
  • Apr 23, 2009 10:21pm Apr 23, 2009 10:21pm
we have:
monthly pivot 1.3148
weekly pivot 1.3150

pretty close!
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #89,046
  • Apr 23, 2009 10:23pm Apr 23, 2009 10:23pm
newb question...how did/do you determine the pivot?
Si vis pacem, para bellum.
  • #89,047
  • Apr 23, 2009 10:29pm Apr 23, 2009 10:29pm
Quoting Duce
newb question...how did/do you determine the pivot?
PIVOT POINT EXPLANATION: http://www.investopedia.com/articles.../04/041404.asp

Free online pivot point calculator:
http://www.actionforex.com/technical...-200603205734/
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #89,048
  • Apr 23, 2009 10:30pm Apr 23, 2009 10:30pm
I have a new winning strategy!:

First I draw my S/R lines on my chart,

then I draw trend lines,

then I study some indicators,

then finally I do opposite of what I think is going to happen.
  • #89,049
  • Apr 23, 2009 10:31pm Apr 23, 2009 10:31pm
Quoting Duce
newb question...how did/do you determine the pivot?
calculate for you here...

http://www.actionforex.com/technical...-200603205734/
  • #89,050
  • Apr 23, 2009 10:33pm Apr 23, 2009 10:33pm
Quoting 2 + 2 = 4ex
I have a new winning strategy!:

First I draw my S/R lines on my chart,

then I draw trend lines,

then I study some indicators,

then finally I do opposite of what I think is going to happen.

thats awesome strategy, maybe chance of winning it could be 75%++, hehehehe
  • #89,051
  • Apr 23, 2009 10:36pm Apr 23, 2009 10:36pm
Quoting 2 + 2 = 4ex
I have a new winning strategy!:

First I draw my S/R lines on my chart,

then I draw trend lines,

then I study some indicators,

then finally I do opposite of what I think is going to happen.
Have you come up with a technical name for it yet???
Very funny dude!
  • #89,052
  • Apr 23, 2009 10:36pm Apr 23, 2009 10:36pm
hi there i made this to help everyone here as day review enjoy
look as price hit resistance and came back down to channel median line then continued move up could have entered there long with very tight stop for high risk reward ratio to upper blue channel line where we currently see price also which is green 14% ret fib level
on fib fan chart price hit 86% exactly before going up. you could have entered long at 86% level with a small stop for very high risk reward ratio. the big black line called the bottom on this one, i am just an interpreter.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd042309-6.gif Size: 32 KB
Click to Enlarge Name: eurusd042309-7.gif Size: 38 KB
Click to Enlarge Name: eurusd042309-8.gif Size: 32 KB
Click to Enlarge Name: eurusd042309-9.gif Size: 37 KB
Click to Enlarge Name: eurusd042309-10.gif Size: 38 KB
Click to Enlarge Name: eurusd042309-11.gif Size: 28 KB
Attached File(s)
File Type: tpl eurusd042309-v05-2.tpl   20 KB | 246 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #89,053
  • Apr 23, 2009 10:37pm Apr 23, 2009 10:37pm
Quoting 2 + 2 = 4ex
I have a new winning strategy!:

First I draw my S/R lines on my chart,

then I draw trend lines,

then I study some indicators,

then finally I do opposite of what I think is going to happen.
If you want a more reliable indicator, just do the opposite of what the majority here says.
Not all sins are created equal
  • #89,054
  • Apr 23, 2009 10:46pm Apr 23, 2009 10:46pm
Quoting Jay Walker
If you want a more reliable indicator, just do the opposite of what the majority here says.
nice one... good gambling....
  • #89,055
  • Apr 23, 2009 10:47pm Apr 23, 2009 10:47pm
Quoting eaglestar
hi there i made this to help everyone here as day review enjoy
look as price hit resistance and came back down to channel median line then continued move up could have entered there long with very tight stop for high risk reward ratio to upper blue channel line where we currently see price also which is green 14% ret fib level
on fib fan chart price hit 86% exactly before going up. you could have entered long at 86% level with a small stop for very high risk reward ratio. the big black line called the bottom on this one, i am just an...

Dude, how do you read those charts. Ever try PA. it is so much less confusing lol
"Luck favors the prepared mind"
  • #89,056
  • Apr 23, 2009 10:50pm Apr 23, 2009 10:50pm
Quoting siobi
nice one... good gambling....
Not quite.

But listening to Jim Cramer is
Not all sins are created equal
  • #89,057
  • Apr 23, 2009 10:52pm Apr 23, 2009 10:52pm
Quoting jpa0827
Dude, how do you read those charts. Ever try PA. it is so much less confusing lol
my method i am working on is built on color coding, fib, s/r, channels, and am looking at adding gann grids, then finding setups with 5-10 pips maximum drawdown and risk reward greater than 4 sometimes more than 15
it is a better help than just one fib or one trendline sorry it is confusing. i have been working on this for a while.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #89,058
  • Apr 23, 2009 10:55pm Apr 23, 2009 10:55pm
Quoting dannies
thats awesome strategy, maybe chance of winning it could be 75%++, hehehehe
In my case it would definitely be more than 75%.


I have gotten to a point where I sincerely believe that the dumber you are, the better you will do in Forex. I know some lady who's as dumb as a bag of rocks (seriously, her IQ cannot be higher than a 5th graders) who opened an account with 10K. She doesn't have the slightest clue what she is doing and she profits regularly. She is the luckiest person I have ever met with regards to Forex. On her first trade she meant to buy and accidently sold. Not only that, she then walked away from her computer forgeting to set a limit and stop loss only to find when she got back home hours later, she was up 200+ pips.

On the other hand, I have bought and read books on Forex. Study the charts like a hawk. Set limits and stops at what I think are strategic points. And in the end I do worse then the aforementioned bimbo.
I just don't get it.
  • #89,059
  • Apr 23, 2009 10:58pm Apr 23, 2009 10:58pm
Quoting 2 + 2 = 4ex
In my case it would definitely be more than 75%.


I have gotten to a point where I sincerely believe that the dumber you are, the better you will do in Forex. I know some lady who's as dumb as a bag of rocks (seriously, her IQ cannot be higher than a 5th graders) who opened an account with 10K. She doesn't have the slightest clue what she is doing and she profits regularly. She is the luckiest person I have ever met with regards to Forex. On her first trade she meant to buy and accidently sold. Not only that, she then walked away from her computer...
http://www.forexfactory.com/showpost...ostcount=89071

Seriously, take the URL above, put it in your favorite folder, put a reminder in Outlook and visit it in 6 months. Then you'll see if that bimbo is still doing so well.
Not all sins are created equal
  • #89,060
  • Apr 23, 2009 10:59pm Apr 23, 2009 10:59pm
Quoting eaglestar
my method i am working on is built on color coding, fib, s/r, channels, and am looking at adding gann grids, then finding setups with 5-10 pips maximum drawdown and risk reward greater than 4 sometimes more than 15
it is a better help than just one fib or one trendline sorry it is confusing. i have been working on this for a while.
Well, If i works for you then great. If not, then I strongly recommend your next strategy be price action trading. To me, there is no better way. Good luck!
"Luck favors the prepared mind"
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