Dislikedplease , give me some advice ... Next week ,eurusd will go down again ?Ignored
james16 Chart Thread
- #28,082
- Apr 25, 2009 7:22pm Apr 25, 2009 7:22pm
- | Joined Jul 2006 | Status: Confluence of events , S/R , Trend | 140 Posts
Just checking in to this awsome thread to learn and grow as a trader and of course say Hi.......Hi ! Ill read and listen for awhile ,,,,,,,,Thanks for keepin it going ..........Take care ............Tom
- #28,083
- Apr 25, 2009 7:51pm Apr 25, 2009 7:51pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Ghous, even if the pin had reached your 'tick' would that really have been an A trade?
As someone who is still learning this method I stand to be corrected but here are my objections.
The pin is not at a swing low so purists would argue it is not in the perfect location.
Also the low three bars previously could present resistance- on the daily this is a minor PPZ.
As for the USD/CAD- serious support at 1.200 looms!
Are my objections valid?
And yes your objection on the Usd/Cad is pretty much valid, 1.2 will have to be watched, Let's see what she'll be up to next week,
Enjoy the weekend bro,
Regards,
Ghous.
I believe . . .
- #28,085
- Apr 25, 2009 7:56pm Apr 25, 2009 7:56pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
please , give me some advice ... Next week ,eurusd will go down again ?
Let your bars do the talking, and they DO talk! It's what this thread is all about.
Cheers!
Ghous.
I believe . . .
- #28,086
- Apr 25, 2009 8:03pm Apr 25, 2009 8:03pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
i think, usd jpy have strong support.
so for long position possible.
See how a slight shift in the trend line can result in a totally different scenario, this one's now looking hot for a short.
You have to EXTREMELY CAREFUL with these lines, you can go through some Jon's recent posts (g_j_hook@yah) he threw in some good charts showing what laxly drawn trend lines can do.
Regards,
Ghous.
I believe . . .
- #28,087
- Apr 25, 2009 8:04pm Apr 25, 2009 8:04pm
What you are asking for is signals. This thread isn't the place where you will find that.
I don't know, nobody knows...
Let your bars do the talking, and they DO talk! It's what this thread is all about.
Cheers!
Ghous.
Thanks,I understand now.This thread is to teach a man how to fish ,not just give a man a fish . I will read through it and then do my own homework .
- #28,088
- Apr 25, 2009 8:05pm Apr 25, 2009 8:05pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Thanks,I understand now.This thread is to teach a man how to fish ,not just give a man a fish . I will read through it and then do my own homework .
I believe . . .
- #28,091
- Apr 25, 2009 10:44pm Apr 25, 2009 10:44pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I'm pretty sure it's gona move right.
Is that not the biggest PIN bar you ever saw or what?
These Bars talk very loud.
I can hardly see any price action...
I believe . . .
- #28,092
- Apr 25, 2009 10:48pm Apr 25, 2009 10:48pm
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
nothing to say,just look at this interesting phenomenon .
And what would we call that?
I believe . . .
- #28,094
- Edited 11:52pm Apr 25, 2009 11:42pm | Edited 11:52pm
Though not much space but can still make a run below 1.2500 ppz area. and btw a nice divergence which "may" still move it down further to 61.8 fib or 1.2000. i would appreciate if any senior member comment on this.
Respect a man, and he will do all the more.
- #28,096
- Apr 25, 2009 11:59pm Apr 25, 2009 11:59pm
I'm pretty sure it's gona move right.
Is that not the biggest PIN bar you ever saw or what?
These Bars talk very loud.
YOUR CHART WILL LOOK SO MUCH PRETTIER, IF YOU USE RAINBOW COLOURS ON THE MAs.
DECEMBER 25 REPEATING
- #28,097
- Apr 26, 2009 12:39am Apr 26, 2009 12:39am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Though not much space but can still make a run below 1.2500 ppz area. and btw a nice divergence which "may" still move it down further to 61.8 fib or 1.2000. i would appreciate if any senior member comment on this.
There is NO divergence here...
If price had made a higher high while the macd looked exactly like it is looking right now the divergence would have been valid.
here we have a Lower high on the chart while the macd is has also given a lower high, there are no diverging signals
Anyways regarding the IB make sure you're aware off the 1244 region
Regards,
Ghous.
I believe . . .
- #28,098
- Apr 26, 2009 1:04am Apr 26, 2009 1:04am
Careful Urchman,
There is NO divergence here...
If price had made a higher high while the macd looked exactly like it is looking right now the divergence would have been valid.
here we have a Lower high on the chart while the macd is has also given a lower high, there are no diverging signals
Anyways regarding the IB make sure you're aware off the 1244 region
Regards,
Ghous.
big thanks ghous, especially for that clarification on divergence.
Respect a man, and he will do all the more.
- #28,099
- Apr 26, 2009 1:27am Apr 26, 2009 1:27am
i'm pretty sure it's gona move right.
is that not the biggest pin bar you ever saw or what?
These bars talk very loud.
Our senior members are too preoccupied to appreciate your pb.
When ghous is not trading, he has only one thing on his mind...girls...
Mike is at the ball game,, drinking beer.
Jarroo is still trying to create a 38 day pb.
And rac. Is scaring the hell out of the pigeons.
Keep laughing..
- #28,100
- Apr 26, 2009 2:18am Apr 26, 2009 2:18am
dont worry mate..
Our senior members are too preoccupied to appreciate your pb.
When ghous is not trading, he has only one thing on his mind...girls...
Mike is at the ball game,, drinking beer.
Jarroo is still trying to create a 38 day pb.
And rac. Is scaring the hell out of the pigeons.
Keep laughing..
dont mind sitting next to mike ....cos im a heavy drinker
AND GHOUS too....me like them gurls
Respect a man, and he will do all the more.