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  • #107,121
  • Jun 7, 2009 9:00pm Jun 7, 2009 9:00pm
Quoting Jay Walker
the dots switch from being on top to under the candles and vice-versa.
yea i understand that part.. so 1 dot is all you need for comformation? or do you use other means such as wait for second ect.?
those who can, do. those who cant, talk about those who can
  • #107,122
  • Jun 7, 2009 9:03pm Jun 7, 2009 9:03pm
hi all.. hope all is well.. am waiting to see a doc.. thankfully not flu..

happy trading

p/s i am short small small lot
  • #107,123
  • Jun 7, 2009 9:06pm Jun 7, 2009 9:06pm
Quoting gatorinla
yea i understand that part.. so 1 dot is all you need for comformation? or do you use other means such as wait for second ect.?
Technically, yes.

I also use stoch and macd. Heavy on the stoch as a forecast indicator if that makes any sense.
Not all sins are created equal
  • #107,124
  • Jun 7, 2009 9:07pm Jun 7, 2009 9:07pm
Quoting trading801
hi all.. hope all is well.. am waiting to see a doc.. thankfully not flu..

happy trading

p/s i am short small small lot
Been sicker than a dog for a week with the flu. Sucks.

Get well and if you see nurse nasty, tell her Jay says hi.
Not all sins are created equal
  • #107,125
  • Jun 7, 2009 9:11pm Jun 7, 2009 9:11pm
Quoting Jay Walker
Technically, yes.

I also use stoch and macd. Heavy on the stoch as a forecast indicator if that makes any sense.
yes it makes lots of sense..i use them also.. the macd bottom little graph whatever its called seems to predict the future.. i use a macd from another platform.. i dont like met4 macd .. maybe i got the out the box one... when the graph predicts and the lines cross plus cross the mid (zero) point is a strong indication its a strong move..imfuo
those who can, do. those who cant, talk about those who can
  • #107,126
  • Jun 7, 2009 9:18pm Jun 7, 2009 9:18pm
Quoting Jay Walker
I know your trades will eventually profit me.

Trade Happy
Trade happy.... you're killin me.

Sounds like you broke your puter earlier. I broke my accucharts earlier so I'm all .

Fat finger syndrome.. Somehow I managed to delete my entire virtual page that had EU on it instead of just closing a window... wrong little red X I guess. Oh well. Not in the mood to rebuild them tonite...

FWIW... I wouldn't put too much weight in anything tonite unless one of two things happen. Either the FO/LO boys commit to a direction change ((as in down)) or the NY session does... The post NFP/weekly close action is what it is imo... and nothing more until something confirms it. But that's just me...

Still short geppy from 59.65 and holding, and 2 EU longs from the 393x's with 1 scaled out and both locked in +8 pips.

A thing to at least be aware of later this month... Dave Floyd from Aspen Trading Group referred to this blurb and I found the entire article at http://in.biz.yahoo.com/090529/137/batnf0.html

The BRIC wall wants a bigger role in how things are done...
Attached Image
and Someone may start beating the New World (reserve) Currency drum again in a week or so...

Catch all tomorrow and careful trades.
FUBAR...
  • #107,127
  • Jun 7, 2009 9:22pm Jun 7, 2009 9:22pm
Quoting ak4x
Trade happy.... you're killin me.

Sounds like you broke your puter earlier. I broke my accucharts earlier so I'm all .

Fat finger syndrome.. Somehow I managed to delete my entire virtual page that had EU on it instead of just closing a window... wrong little red X I guess. Oh well. Not in the mood to rebuild them tonite...
FWIW... I wouldn't put too much weight in anything tonite unless one of two things happen. Either the FO/LO boys commit to a direction change ((as in down)) or the NY session does... The post NFP weekly close...
Sorry about your accuchart Ak. My puter is fixed now but man did it take a long time.
Not all sins are created equal
  • #107,128
  • Jun 7, 2009 9:30pm Jun 7, 2009 9:30pm
Quoting Jay Walker
Been sicker than a dog for a week with the flu. Sucks.

Get well and if you see nurse nasty, tell her Jay says hi.
i use the 21 sma too.. it seems to be resting on it.. i also use the 8..might have to wait for the 8 to cross 21 before a big pop...anyway my 8 is pointing down so we will see.. i doubt bulls give up easily... i figured a retrace but this is weaker then i expected..good time to beat the kids and dog, spank the money..
those who can, do. those who cant, talk about those who can
  • #107,129
  • Jun 7, 2009 9:48pm Jun 7, 2009 9:48pm
Hi everyone this is my first time posting my opinion hope you guys can give me some comment if i am wrong. i am here to learn not to post a call thanks.

From my Daily chart i can see an Engulfing candle stick closing low on friday and i think its going down but before that its going to Retrace back to friday Fib of 50% which is at 1.4099 then from there it will go down to new Fib of 0% of even low.
Thanks

Am long from 1.3987 TP at 1.4087

Then will short from 1.4099 and TP at 1.3799

Thanks
  • #107,130
  • Jun 7, 2009 9:50pm Jun 7, 2009 9:50pm
u must trade like what u think u can think in new not be Thinker and an imitator
trade happy
  • #107,131
  • Jun 7, 2009 10:00pm Jun 7, 2009 10:00pm
possible rebound but from my view not too far because of tf 4 hr is on w 3 downtrend short term
and w 4 in 60 minutes
from fibo it had touched the support line of 23.6
and support of trend line 4 hrs this morning
and standing their for a while which now have to take direction but should go up a little due to 60 minutes is oversold and standing on 20 dma
byt ssto day is still pulling down
so rally should not exceed 1.4054
in tf 30 minutes is reaching overbought zone
rsi is cutting each other in 60 minutes
weekly is also in overbought zone so rally should not go far
if breakout 1.41000 then should rally up to make w5 5 in day
  • #107,132
  • Jun 7, 2009 10:12pm Jun 7, 2009 10:12pm
after few weeks up trend very strong....looking now time to focus sell..any comments??
  • #107,133
  • Jun 7, 2009 10:13pm Jun 7, 2009 10:13pm
Quoting mohamed
u must trade like what u think u can think in new not be Thinker and an imitator
trade happy
Right on, Mohamed. If the bottom line is healthy your method is not "wrong".
"If The Fool persists in his Folly he will become wise." - William Blake
  • #107,134
  • Jun 7, 2009 10:15pm Jun 7, 2009 10:15pm
Thanks but i think still will stick to long here and take TP then will enter short whenit touch 1.4099 think it will no9t brreak 1.4100 but maybe will enter short from 1.4050. see how she play out.


Quoting redrose
possible rebound but from my view not too far because of tf 4 hr is on w 3 downtrend short term
and w 4 in 60 minutes
from fibo it had touched the support line of 23.6
and support of trend line 4 hrs this morning
and standing their for a while which now have to take direction but should go up a little due to 60 minutes is oversold and standing on 20 dma
byt ssto day is still pulling down
so rally should not exceed 1.4054
in tf 30 minutes is reaching overbought zone
rsi is cutting each other in 60 minutes
weekly is also in overbought zone...
  • #107,135
  • Jun 7, 2009 10:19pm Jun 7, 2009 10:19pm
Which level will be break today 1.3900 or 1.4100
  • #107,136
  • Jun 7, 2009 10:20pm Jun 7, 2009 10:20pm
Quoting StarFX
Hi everyone this is my first time posting my opinion hope you guys can give me some comment if i am wrong. i am here to learn not to post a call thanks.

From my Daily chart i can see an Engulfing candle stick closing low on friday and i think its going down but before that its going to Retrace back to friday Fib of 50% which is at 1.4099 then from there it will go down to new Fib of 0% of even low.
Thanks

Am long from 1.3987 TP at 1.4087

Then will short from 1.4099 and TP at 1.3799

Thanks
Welcome starfx , hope your trade be positive ,me too long at this time but can you explain why you are long at this very risky time ?
thanks
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #107,137
  • Jun 7, 2009 10:30pm Jun 7, 2009 10:30pm
Quoting fontu
Welcome starfx , hope your trade be positive ,me too long at this time but can you explain why you are long at this very risky time ?
thanks
fontu
Not looking gd now my SL @ 1.3949 becoz i saw an engulging bar closing low (a bearish signal) on friday on one of the methinod i use, and normally it will retrace back to 50 % Fibo then it reverse and start to drop.

Think we still got to wait awhile b4 it retrace back to me enter short target
i trade simple using my method, trend line, Fibo, RSI and MA
i still learning
  • #107,138
  • Jun 7, 2009 10:34pm Jun 7, 2009 10:34pm
Quoting StarFX
Not looking gd now my SL @ 1.3949 becoz i saw an engulging bar closing low (a bearish signal) on friday on one of the methinod i use, and normally it will retrace back to 50 % Fibo then it reverse and start to drop.
Yes I saw but so carefully of your explanation . I think so it to retrace to that level & still have the long.daily candle up and most indication pointing down except one .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #107,139
  • Jun 7, 2009 10:39pm Jun 7, 2009 10:39pm
as i said i had my long SL @ 1.3949 and if my plan dont work out i will not enter short for this pair. will live to fight anither PAIR.....
  • #107,140
  • Jun 7, 2009 10:40pm Jun 7, 2009 10:40pm
Quoting mohamed
u must trade like what u think u can think in new not be Thinker and an imitator
trade happy

What? are you drunk?

If you weren't thinking you wouldn't trade...

Forex is not about feelings or what you think... It's about having a plan and sticking to it...

A PLAN

which tells you;
1. When to enter a trade
2. When to exit a trade
3. The history of the trade (backtraded)
4. When to leave the plan
5. diversify your trades "several plans" so when one plan fails the other one saves it...
6. Be patient and never trade for fun, its just a puzzle


you don't have to backtrade but you definitely need a plan for when to leave the plan... same as bank robbers


Write these rules down and have a look at them again when your acc. is wiped out for not using SL...
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