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  • #93,341
  • May 7, 2009 1:03am May 7, 2009 1:03am
Quoting The Fool
Hi MackS10,

Do you mind if I ask a ? or 2 about the chart you just posted?

- do you seek and trade this pattern regularly with success?
- I am intrigued by your byline (Symmetry in Nature) - have you discussed symmetrical patterns to trade on any other threads on FF?

Thanks.
I try to keep things simple with pattern techniques this is just one tool that i use for entry. For example once my signal is triggered on the 1H or H4 chart I zoom into 15 and 5mins chart to filter the entry. This allows me to enter a trade with great probability and in case it goes against me I take a very small loss.

As your question regarding 'symmetry', I belive its eveywhere around us, if you pay close attention to small simple details that is. Everything around us moves in certain patterns and movement waves and it can also be applied to markets. For now I am still a student of this theory and perhaps in the near future i will post my findings here.
  • #93,342
  • Edited 1:18am May 7, 2009 1:04am | Edited 1:18am
PA trying to make upmove but not yet. Will post if it did....


Hourly 155ema has been holding price up since 20hrs ago and still holding......

13265 may be the key level to watch for now...
  • #93,343
  • May 7, 2009 1:09am May 7, 2009 1:09am
Quoting gatorinla
no i mean down.. parity 1 dollar = 1 gbp.... just a dream.. but i got a ticket..
Dream on. Before that happens UK will be in the Euro.
Anything happens though, its what makes the rich very much richer and the very rich poorer, and the poor man can only dream, until one day lightnin strikes a bolt most wonderful to behold. The world is a wonderful place.
  • #93,344
  • May 7, 2009 1:19am May 7, 2009 1:19am
Quoting Atlast
Dream on. Before that happens UK will be in the Euro.
Anything happens though, its what makes the rich very much richer and the very rich poorer, and the poor man can only dream, until one day lightnin strikes a bolt most wonderful to behold. The world is a wonderful place.
i hear ya.. but if it did happen it could be swift like last summer.. ez would never let uk in sliding down.it would take years. and if uk is going down ez will be racing them to the bottom too..parity would take 6 months in the right economical climate.. for instance end of week everything boost the dollar so oil falls... the russians calapse..stranger things have happend. look at the economy.. "the fundemetals of the economy are sound". a week later we need 700 billion...we are living in history. yes just a dream i dont wish to happen in the way described..same thing happend to the usd vs yen and cad not long ago..
those who can, do. those who cant, talk about those who can
  • #93,345
  • May 7, 2009 1:20am May 7, 2009 1:20am
Quoting Jasper
Taken a short at 1.3288!
Bit of a sweat there, thought I'd misread it!!!
Good Trading. (keep it simple).
  • #93,346
  • May 7, 2009 1:24am May 7, 2009 1:24am
Quoting gatorinla
i hear ya.. but if it did happen it could be swift like last summer.. ez would never let uk in sliding down.it would take years. and if uk is going down ez will be racing them to the bottom too..parity would take 6 months in the right economical climate.. for instance end of week everything boost the dollar so oil falls... the russians calapse..stranger things have happend. look at the economy.. "the fundemetals of the economy are sound". a week later we need 700 billion...we are living in history. yes just a dream i dont wish to happen in the...
I think it will be a slow painful course for the dollar. It will take years rather than months because of the deflationary period currently. Soros and gang no doubt are just licking their fingers in anticipation nearer the time to emulate his run on the pound that shot him to fame
  • #93,347
  • May 7, 2009 1:28am May 7, 2009 1:28am
Someone heard a rumour in the corridors of the ecb. pity they ran out and shouted before waiting for the conversation to finish
  • #93,348
  • May 7, 2009 1:30am May 7, 2009 1:30am
Quoting Jasper
Bit of a sweat there, thought I'd misread it!!!
Good break out. Watch the strong base in the 1 hour though
  • #93,349
  • May 7, 2009 1:34am May 7, 2009 1:34am
Quoting Atlast
I think it will be a slow painful course for the dollar. It will take years rather than months because of the deflationary period currently. Soros and gang no doubt are just licking their fingers in anticipation nearer the time to emulate his run on the pound that shot him to fame
its painful now for the companies who hedged oil at 100 or more and now are still forced to sell products cheaper then they can make it.. paints ,plastics tires ect. many still will not make it and chinese will step in their place. inflation/deflation means nothing to them. they want to put everyone out of business so they are sole suppliers..
those who can, do. those who cant, talk about those who can
  • #93,350
  • May 7, 2009 1:35am May 7, 2009 1:35am
Quoting Atlast
Good break out. Watch the strong base in the 1 hour though
Thank you, I've taken good profits, 2 Lots out, 1 Lot still left on, my 3 Hr chart says it should get to 1.3250 area. But it no doubt will be retrace and test, retrace and test.......
Good Trading. (keep it simple).
  • #93,351
  • May 7, 2009 1:37am May 7, 2009 1:37am
Quoting Jasper
Thank you, I've taken good profits, 2 Lots out, 1 Lot still left on, my 3 Hr chart says it should get to 1.3250 area. But it no doubt will be retrace and test, retrace and test.......
If it makes it back in the tracks above 1.3291, I'm long again waiting to add on the waves
  • #93,352
  • May 7, 2009 1:42am May 7, 2009 1:42am
Quoting Atlast
If it makes it back in the tracks above 1.3291, I'm long again waiting to add on the waves
If we get a break of 3260 I don't think 3180 would be out of the question. And if that happens....the trend is changing. I don't think we will see 3400 for a while, but I have been wrong before.
  • #93,353
  • May 7, 2009 1:44am May 7, 2009 1:44am
Quoting Atlast
If it makes it back in the tracks above 1.3291, I'm long again waiting to add on the waves
On a second look, 1.3274 may be a difficult area to break!!
Good Trading. (keep it simple).
  • #93,354
  • May 7, 2009 1:49am May 7, 2009 1:49am
Quoting Jasper
On a second look, 1.3274 may be a difficult area to break!!
It has to form a double bottom or V shaped bottom so any shorts in play may get more downside
  • #93,355
  • May 7, 2009 1:50am May 7, 2009 1:50am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Looking for a buy off 3226. Nice confluence of backside of daily tl, and 382 of big swing 2885-3437. Price rallied 200 pips from there on Monday so should be some buy orders sitting in there. Will be watching the PA on 15, and 5 minute charts to make sure. Lots of news coming out so need to be careful not in front of that crap. Ideally I would've loved to see it race down there during FO, so I'll just be patient waiting.....this is just a retracement...no serious buyers are here IMO. I think buy off 3226 should be good for 60 pips though at least.
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"Wishful thinking dies hard." Igor T.
  • #93,356
  • May 7, 2009 1:52am May 7, 2009 1:52am
Quoting Atlast
It has to form a double bottom or V shaped bottom so any shorts in play may get more downside
Wouldn't be a double bottom or V shaped bottom = potential upside??
  • #93,357
  • May 7, 2009 1:52am May 7, 2009 1:52am
Quoting dysan4x
If we get a break of 3260 I don't think 3180 would be out of the question. And if that happens....the trend is changing. I don't think we will see 3400 for a while, but I have been wrong before.
e index is not showing me much still got a red bar on the hour. the d index just the opposite.. bullish 1hr bar.. you may be right for now.. i just think everyone is waiting for rate cut and bank news. nfp ect.
those who can, do. those who cant, talk about those who can
  • #93,358
  • May 7, 2009 1:56am May 7, 2009 1:56am
Quoting FXraider
Wouldn't be a double bottom or V shaped bottom = potential upside??
yes
  • #93,359
  • May 7, 2009 1:56am May 7, 2009 1:56am
Quoting gatorinla
e index is not showing me much still got a red bar on the hour. the d index just the opposite.. bullish 1hr bar.. you may be right for now.. i just think everyone is waiting for rate cut and bank news. nfp ect.
Thats what I think too. I'm scalping today to get a little coin.

I've been testing Cobras THV on longer tf. It will be interesting to see what happens in the next few days. I got the first "short signal" on the daily today. Have to see how that works out.
  • #93,360
  • May 7, 2009 2:01am May 7, 2009 2:01am
Quoting Atlast
yes
thanks. So why will Shorts get more downside?
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