my charts look like that all teh time!
- #89,382
- Apr 24, 2009 4:31pm Apr 24, 2009 4:31pm
- Joined Feb 2009 | Status: kiki soso largyalo | 2,243 Posts
I was looking at one my charts trying to find something widdy to say and it poked me in the eye...
...and now I can't see anything.
Just as well.
what about sl, tp and so on?
meine augen sind die sterne
- #89,384
- Apr 24, 2009 7:01pm Apr 24, 2009 7:01pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
I was looking at one my charts trying to find something widdy to say and it poked me in the eye...
...and now I can't see anything.
Just as well.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #89,385
- Apr 24, 2009 7:09pm Apr 24, 2009 7:09pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
anyone know a decent fib time thread? thanks 
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #89,386
- Apr 24, 2009 8:08pm Apr 24, 2009 8:08pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Look at the daily, weekly, and monthly charts. I'm not saying it won't go up, but at some point we will have a big drop that will far outweigh any rise from here. That's the wave I want to ride.
Not all sins are created equal
- #89,388
- Apr 24, 2009 8:48pm Apr 24, 2009 8:48pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #89,390
- Apr 24, 2009 11:11pm Apr 24, 2009 11:11pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #89,391
- Apr 25, 2009 5:26am Apr 25, 2009 5:26am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
anyone know a decent fib time thread? thanks
http://www.forexfactory.com/showthread.php?t=161044
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #89,392
- Apr 25, 2009 5:28am Apr 25, 2009 5:28am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #89,393
- Apr 25, 2009 10:35pm Apr 25, 2009 10:35pm
[quote=99vt66;2678260][quote=99vt66;2663381]Hi All
Well, next week will be real exciting becos PA have decisively breached the trend reversal level@13035 on my dynamic technical chart. This initial phase of trend change normally will be coupled with some wild violatility as the bulls will desperately try to hold on to their advantage with the royal bull guards still holing up on hills13180-13225 which the bears will have to take out before claiming supremacy all the way down to 12550/00 levels. However, this process can be put on hold if level 13280 is breached and will be reversed if level 13398 is breached too. ( Very low probability )
The likely scenario on Monday is a technical pb to 13070/90 level be4 continuing its decline to form a temporary bottom @12920/00 level then go into a full retrace at 13180/13225 levels and then a big drop from thereon OR
heading directly for a full retrace . Whatever it is, I will be watching out for the basing/bottoming signals first be4 commiting myself to a m/t trade decision. Lets see what the price dynamics on my chart tells me going into next week. Unquote.
Well the dynamics of last week PA played out quite similar to the above W/E analysis dated April 18.
Going forward into next week and since price had breached 13280 lvl means that we will be looking at a 140/140 rangey/consol market. Bears need to breach 13100 lvl before we can see a big drop to the 12500 lvl.
But all bets are off if 13390 lvl is being retaken by the bulls (my bias is low probability) becos the bullish confirmations lvl is still some way at 13510 based on current price level at 13230 and also price had already breached 13035 bears threshold level few days ago.
Altho I am still in a countertrend scalp trade from 12922 level, I will be looking to bail out as soon as stalling/topping signal is spotted/generated on my chart which is currently still showing fairly strong intraday bullish momo. My preferred and anticipated trade is still the big drop to 12500 lvl and that will be only after 13100lvl is breached and stalling/topping signals is spotted and only then will I start to unload my long scalp and reload/flip for the m/t short trade on the pullback/bounce all the way down.
Also like to share some trading experience on the trailing stop which I have read so often here and note that most traders are unknowingly using t/s of less than 60pips for E/U which I believe are most likely to get stopped due to the daily chop of PA. I personally use 120pips if I intend to stay in the trade/away from trade more than 12 hrs. But I dont normally use them mainly becos I depend on basing/topping signals for all my trade setups.
I hope and wish happy pippings for all and things will turn out well for each and everyone. Stay happy and both wealth and health will find you.
Well, next week will be real exciting becos PA have decisively breached the trend reversal level@13035 on my dynamic technical chart. This initial phase of trend change normally will be coupled with some wild violatility as the bulls will desperately try to hold on to their advantage with the royal bull guards still holing up on hills13180-13225 which the bears will have to take out before claiming supremacy all the way down to 12550/00 levels. However, this process can be put on hold if level 13280 is breached and will be reversed if level 13398 is breached too. ( Very low probability )
The likely scenario on Monday is a technical pb to 13070/90 level be4 continuing its decline to form a temporary bottom @12920/00 level then go into a full retrace at 13180/13225 levels and then a big drop from thereon OR
heading directly for a full retrace . Whatever it is, I will be watching out for the basing/bottoming signals first be4 commiting myself to a m/t trade decision. Lets see what the price dynamics on my chart tells me going into next week. Unquote.
Well the dynamics of last week PA played out quite similar to the above W/E analysis dated April 18.
Going forward into next week and since price had breached 13280 lvl means that we will be looking at a 140/140 rangey/consol market. Bears need to breach 13100 lvl before we can see a big drop to the 12500 lvl.
But all bets are off if 13390 lvl is being retaken by the bulls (my bias is low probability) becos the bullish confirmations lvl is still some way at 13510 based on current price level at 13230 and also price had already breached 13035 bears threshold level few days ago.
Altho I am still in a countertrend scalp trade from 12922 level, I will be looking to bail out as soon as stalling/topping signal is spotted/generated on my chart which is currently still showing fairly strong intraday bullish momo. My preferred and anticipated trade is still the big drop to 12500 lvl and that will be only after 13100lvl is breached and stalling/topping signals is spotted and only then will I start to unload my long scalp and reload/flip for the m/t short trade on the pullback/bounce all the way down.
Also like to share some trading experience on the trailing stop which I have read so often here and note that most traders are unknowingly using t/s of less than 60pips for E/U which I believe are most likely to get stopped due to the daily chop of PA. I personally use 120pips if I intend to stay in the trade/away from trade more than 12 hrs. But I dont normally use them mainly becos I depend on basing/topping signals for all my trade setups.
I hope and wish happy pippings for all and things will turn out well for each and everyone. Stay happy and both wealth and health will find you.
- #89,394
- Apr 26, 2009 7:02am Apr 26, 2009 7:02am
- Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
