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  • #101,901
  • May 27, 2009 10:21pm May 27, 2009 10:21pm
Actually, I'm in long from .3810 & will hope to add to a long position. But I have been feeling like "I don't know what to do" as opposed "aw, hell, I got this, no problem...." I may be experiencing information overload. I will probly be dumb and cocky again soon.

Anyway, thanks for listening...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #101,902
  • May 27, 2009 10:21pm May 27, 2009 10:21pm
Useful Charts 4 U
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  • #101,903
  • May 27, 2009 10:24pm May 27, 2009 10:24pm
One More !
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  • #101,904
  • May 27, 2009 10:25pm May 27, 2009 10:25pm
.3797 was your target on monday morning...good call.
  • #101,905
  • May 27, 2009 10:29pm May 27, 2009 10:29pm
Quoting Hasnaa
Useful Charts 4 U
Thanks. These charts are really very helpful. Just one piece of little advise if you don't mind. You may like to consider including basis of your high and low estimates "everytime" you announce them. It may add to credibility of these figures and many would understand and appreciate exactly how they have been arrived at.
The Thief of Wall Street
  • #101,906
  • May 27, 2009 10:42pm May 27, 2009 10:42pm
Quoting Hasnaa
One More !
Thanks for the charts , ab=cd bearish in H4,daily,weekly now and there for many days where the max price still to reach and though we are now going little down ( hope not for the bear gartley in action yet ) .

The 2nd chart is recent bullish set up in lower chart but repeatedly have to change the shapes due to extreme pressure from bull-bears but ultimately market takes its own way to make the shape all bull gartley almost finished and perhaps you call drom this chart of D pointbelow 1.38.

Though down not over still good call .Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #101,907
  • May 27, 2009 10:43pm May 27, 2009 10:43pm
Quoting The Fool
I don't know what to do.
.........Open a Daily Chart, refer back to the Higher High Dec 18th bar. Then look at Dec 19th Pullback Bar (noting the bottom of that bar 1.3826). Where is Price today? Is it going to carry on it's present uptrend to test Dec 18th's Bar, or is it exhausting itself and going back down? Place a horizontal line at 1.3826 on lower time frames, 4hr, 1hr, 15min, 5min, and observe how price behaves on those.

Last night, I went short at 1.3899, and I will be doing the same!

Whilst doing the above, you will find more clarity using bars with only a close on, and not candles.

Good Luck.
Good Trading. (keep it simple).
  • #101,908
  • May 27, 2009 10:50pm May 27, 2009 10:50pm
Quoting Jasper
.........Open a Daily Chart, refer back to the Higher High Dec 18th bar. Then look at Dec 19th Pullback Bar (noting the bottom of that bar 1.3826). Where is Price today? Is it going to carry on it's present uptrend to test Dec 18th's Bar, or is it exhausting itself and going back down? Place a horizontal line at 1.3826 on lower time frames, 4hr, 1hr, 15min, 5min, and observe how price behaves on those.

Last night, I went short at 1.3899, and I will be doing the same!

Whilst doing the above, you will find more clarity using bars with only a close...
why did you chose dec. 18th for reference point?
  • #101,909
  • May 27, 2009 10:53pm May 27, 2009 10:53pm
Quoting Jasper
.........Open a Daily Chart, refer back to the Higher High Dec 18th bar. Then look at Dec 19th Pullback Bar (noting the bottom of that bar 1.3826). Where is Price today? Is it going to carry on it's present uptrend to test Dec 18th's Bar, or is it exhausting itself and going back down? Place a horizontal line at 1.3826 on lower time frames, 4hr, 1hr, 15min, 5min, and observe how price behaves on those.

Last night, I went short at 1.3899, and I will be doing the same!

Good Luck.
Danke, Jasper. Question for you though: do you really believe price levels from 5 months ago exert some power in the mass psychology of trading? My reference bible on TA is JJ Murphy's "Technical Analysis of the Financial Markets" in which somewhere he says and I paraphrase: support & resistance levels are more valid for more recent prices. I am always amazed when I draw a horizontal or diagonal trendline on my chart and the price goes to the line and bounces. But I don't usually look at prices any further back than a week or so...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #101,910
  • May 27, 2009 10:58pm May 27, 2009 10:58pm
MANTOPPPP!!!!!!!

Quoting Hasnaa
Useful Charts 4 U
  • #101,911
  • May 27, 2009 10:59pm May 27, 2009 10:59pm
good morning boys and girls...
long TP 1.3873
  • #101,912
  • May 27, 2009 10:59pm May 27, 2009 10:59pm
Okay it's about that time where I set my SL's and TP's and go to bed. Take it easy and good luck.
  • #101,913
  • May 27, 2009 11:03pm May 27, 2009 11:03pm
Whoa, saw a lot of traders pullin some pips yesterday in the wild ride down.
Wish I could say I woke up to a TP, but instead a few pips loss. It could be another wild day ahead with all the news coming out.
240 min chart and daily chart shows 1.3700 is support. Short term TF shows market within a downward slide, attempting a breakout, probably to pivot point. I'm waiting for the break before attempting a long.
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  • #101,914
  • May 27, 2009 11:04pm May 27, 2009 11:04pm
Quoting forexer83
good morning boys and girls...
long TP 1.3873
Morning boy or girl

Long. TP 1.3997
The Thief of Wall Street
  • #101,915
  • May 27, 2009 11:07pm May 27, 2009 11:07pm
Quoting Turtle4x
why did you chose dec. 18th for reference point?
That was it's last highest point, from which it trended down, and March 3rd is from where it began it's present uptrend.
Good Trading. (keep it simple).
  • #101,916
  • May 27, 2009 11:07pm May 27, 2009 11:07pm
Dynamic continuation resistant level now reads 13865......
  • #101,917
  • May 27, 2009 11:07pm May 27, 2009 11:07pm
Quoting Chicky
Morning boy or girl

Long. TP 1.3997
boy thanks!
good TP,in H4 i see a pullback on a Gann line because of that i think long today but keep the eye open cause the japan bank is closed and the morning is english.
  • #101,918
  • May 27, 2009 11:11pm May 27, 2009 11:11pm
going long
1sft t.p 1.3859
2nd 1.3950
good luck for all longing people
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #101,919
  • May 27, 2009 11:13pm May 27, 2009 11:13pm
Quoting The Fool
Danke, Jasper. Question for you though: do you really believe price levels from 5 months ago exert some power in the mass psychology of trading? My reference bible on TA is JJ Murphy's "Technical Analysis of the Financial Markets" in which somewhere he says and I paraphrase: support & resistance levels are more valid for more recent prices. I am always amazed when I draw a horizontal or diagonal trendline on my chart and the price goes to the line and bounces. But I don't usually look at prices any further back than a week or so...
Yes. This Forex is test test and retest. It works for me!

Just look back over the last few weeks, noting the tops bottoms and closes on the Daily and observe on lower time frames how it behaves at those areas. I know this will be a boring exercise, but give it a go. You may be surprised at the results or you might think it is not for you.
Good Trading. (keep it simple).
  • #101,920
  • May 27, 2009 11:21pm May 27, 2009 11:21pm
first res 1.3858,if you want use it as firs TP
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