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  • #96,961
  • May 16, 2009 7:13pm May 16, 2009 7:13pm
Quoting cammomile
Thank you for sharing. I get it now.
There is more to it. You may like to develop expertise also in PA reading and chart analysis.
The Thief of Wall Street
  • #96,962
  • May 16, 2009 10:11pm May 16, 2009 10:11pm
Quoting FXexpress
Ya know, a lot of people make this thing harder than it really is. It really isn't that tough. And it's those people who make it hard on the newbys. Sure you say it's fit's allish, but have you tried it???

Try it and come back to me down the road.

MK
I will not get into delving into some of the intrigues on your trading methodology but if your methodology is turning you into a milllionhaire by next couple of months as you believe it can, then good luck and welcome to the millionhaire club..

The only issue I took exception to is those bold worded statement above. I dont know why you say the way you said it but one thing I personally know for sure is forex is about the easier thing one can learn nowadays but the most difficult to grasp and master. Its work, work and more hard works.

I think its a good thing that you are here to impart/share of some of your trading knowledge or thoughts with the ppl here but I only ask that you do not try to create a clutch concept type of education by selling some difficult to fulfil hopes especially to the hapless and gullible learners and struggling traders out there with some bombasticsand ambiguous theory which will be shot down by some very knowlegeable and successful traders we have here.

Also try to be more consistent in dishing out your posts if you intend to stay long and remain credible in FF becos 10yrs experience and 20 years experience do make a wide discepancy in your past posts.

Lastly. I am truly sorry for you son's health conditions and I can truly empathise with you as I myself had lost one of my sons too. Those are one of those things that are out of anybody control but to accept the wisdom behind that saying and remaining strong in facing the adversity is my way of dealing with it. My hearts truly go out to you and your son.

Take care and GBU and your family........
  • #96,963
  • May 16, 2009 10:28pm May 16, 2009 10:28pm
The best advice I could give anyone is: don't over-complicate your charts, use what you need-whatever works for your plan and keep an open mind.

I enjoy the contributions to the forum and am really amazed with the knowledge shared.

I will post when I think I can contribute but I will not muck the thread up. The reason I post now is that the brokers are closed.
  • #96,964
  • May 17, 2009 3:11am May 17, 2009 3:11am
wave analysis
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  • #96,965
  • May 17, 2009 5:13am May 17, 2009 5:13am
Quoting Chicky
There is more to it. You may like to develop expertise also in PA reading and chart analysis.
Yes, I know. Working on that too. There are lots of great threads here on FF, reading as many books as I can and studying the charts.
  • #96,966
  • May 17, 2009 5:27am May 17, 2009 5:27am
Quoting behzadov
the wave 5 of C has not been completed yet. the PRZ area for Long can be 1.3440-1.3470

the market is still downward to touch the 1.3470 area.
hi could you please post your indicator you are using for the chart ?tia
  • #96,967
  • May 17, 2009 5:29am May 17, 2009 5:29am
Quoting derek
wave analysis
Derek, what software you are using for your wave analysis?tia
  • #96,968
  • May 17, 2009 6:00am May 17, 2009 6:00am
Quoting cammomile
Yes, I know. Working on that too. There are lots of great threads here on FF, reading as many books as I can and studying the charts.
that would me unlimited hrs,coz the thread and new discovery keeps on getting better and increasing by the day...
Imanuel Parsifal
  • #96,969
  • May 17, 2009 6:00am May 17, 2009 6:00am
It isn't that tough ole buddy, however, it is when you try to use the wrong size account and get greedy. Also, 20 years in the business and 10-11 trading..... Was a copy boy and runner for a long time. And the millionaire thing was just a mild attempt at a joke. Although I will get there someday, it will not be tomorrow and if you took it that way then I am truly sorry if I offended you. I expected to encounter a lighter side in here.

MK

Quoting 99vt66
I will not get into delving into some of the intrigues on your trading methodology but if your methodology is turning you into a milllionhaire by next couple of months as you believe it can, then good luck and welcome to the millionhaire club..

The only issue I took exception to is those bold worded statement above. I dont know why you say the way you said it but one thing I personally know for sure is forex is about the easier thing one can learn nowadays but the most difficult to grasp and master. Its work, work and more hard works....
  • #96,970
  • May 17, 2009 6:53am May 17, 2009 6:53am
Quoting sycho
that would me unlimited hrs,coz the thread and new discovery keeps on getting better and increasing by the day...
I have a plan, and chose other people's insights and discoveries accordingly. I agree that there is no way one can follow all of FF. That's why planning is of utmost importance.
  • #96,971
  • Edited 8:56am May 17, 2009 7:32am | Edited 8:56am
Quoting cammomile
I have a plan, and chose other people's insights and discoveries accordingly. I agree that there is no way one can follow all of FF. That's why planning is of utmost importance.
nice 2 know you do bro..certainly,if you fail to plan,then you have planned to fail..what ever float's your boat mate,as long as it pay's your bill's,buy your buzz and fill your stomach,y! in the world should you care....
Imanuel Parsifal
  • #96,972
  • May 17, 2009 8:30am May 17, 2009 8:30am
Quoting derek
wave analysis
Nice.
Only one thing missing, the alternate track where it could head along. Always bear in mind an alternate track, even if you keep it as a second chart. That way you won't stand the risk of getting sucked into the waves when it doesn't work out.
  • #96,973
  • May 17, 2009 8:46am May 17, 2009 8:46am
what positions are you folks incline towards for next week?
  • #96,974
  • May 17, 2009 9:02am May 17, 2009 9:02am
Quoting FXexpress
To get an idea about next week we have to check out the Weekly chart. Here we see a breech of this Major DTL, however, a 100 pip breech on the weekly is not near enough to say the bears are done. In this picture it looks as if the price is testing the back side of this trendline. There is one thing wrong with this as 2 hits do not a good trendline make. To me, this looks more like a Double top.

A look at the Daily shows price hitting an apex, a cross of a major UTL and a Major DTL. Yellow line shows where Mondays candle will be and if you use...
One of the good analyses I have seen before the new week.
Notice how the market is poised. I am seeing this in my charts before the close on friday. many traders are taught to trade the break of the trend line on the retest, so coincidence perhaps that it came on the close.

P.S. glad you cleared up that 100 pip or 100 SMA Sl discussion you had going on by mentioning your longer TF trading. It would otherwise wreak havoc in intraday scalping.
  • #96,975
  • May 17, 2009 9:04am May 17, 2009 9:04am
Just from looking there is no gap so far but that doesn't say there won't be at the open. Since I am with FXDD the market will have been running when they come up. Without any further analysis and judging from the way the charts look, I can see a possible move back up to the 1.3600 area. But this is Sunday and I am basing this off of the 4 Hr and the 1 Hr. I usually trade the 15 Min on Sunday night with the 1 Hr deciding my trend.

MK
  • #96,976
  • May 17, 2009 9:08am May 17, 2009 9:08am
One thing to Keep in mind when you see my charts and they look contrary to what I am saying. The reason being is because I trade the long term timeframes and scalp the smaller while the others are running. So if you see a trade entry that is out of line, this would be the reason.

MK

Quoting Atlast
One of the good analyses I have seen before the new week.
Notice how the market is poised. I am seeing this in my charts before the close on friday. many traders are taught to trade the break of the trend line on the retest, so coincidence perhaps that it came on the close.

P.S. glad you cleared up that 100 pip or 100 SMA Sl discussion you had going on by mentioning your longer TF trading. It would otherwise wreak havoc in intraday scalping.
  • #96,977
  • May 17, 2009 9:19am May 17, 2009 9:19am
I just did another analysis from a Fibanocci point of view and the findings coincide with a retracement in the near future toward 1.3600. One scenario has me waiting and shorting. I will post and explain later. First things first, I am heading to church.

MK
  • #96,978
  • May 17, 2009 10:25am May 17, 2009 10:25am
this is my chart...
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newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #96,979
  • Edited 11:47am May 17, 2009 10:59am | Edited 11:47am
Though thought of great great fall in coming days & actually kept my shorts active !!
Now not thingking it so easy as thought , though there can be lots of fall as low as 1.2964 /1.28++ but not seems it will before another high ,much higher than 1.3722, may be some where above 61.8% retracement of 1.3830 from the possible D 1.3457 of bullish set up /bartley.

and perhaps by EW count 5th impuse to to finish UP movement for now & if wave 5-wave 1 , that will huge 434 pips from 1.3457!!! ( if count valid & active ) .

There were already bullish set up in dail/weekly and H4 .pics a little later .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #96,980
  • Edited 12:21pm May 17, 2009 11:03am | Edited 12:21pm
Quoting lyllia
hi could you please post your indicator you are using for the chart ?tia
There are several Indicators I use, which one u mean?

1- Clock Indicator; shows the remaining time of the candle
2- Atr Stop: Which I use to trail my stoploss during the position
3- Miner Entry Signal: which give u the directions of the elliot waves
4- Wiseman: That highlight the Wiseman candles which is very important trigger for me
5- Magic Pivot: that shows me the weekly pivot lines
6- A combinition of AO and DT oscillator: that I use to Identify the oversold and overbought areas and also to find the normal and hidden divergences

Behzadov
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