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  • #111,181
  • Jun 16, 2009 4:52pm Jun 16, 2009 4:52pm
Quoting cobraforex
Looks like Ali is in the doghouse now, that happens when you play with open fire.
Thanks Cobra & AK. Until today I thought I was the only one who found this guy annoying - 80% of his 600+ posts where 'lol' or making fun of someone. I didn't want to complain as I'm new here, but I'm glad some senior members picked this up also. The forum will be a better place now!
  • #111,182
  • Jun 16, 2009 4:54pm Jun 16, 2009 4:54pm
Download it and paste it to program files/Your broker MT4/experts/indicators.

In the navigator of your MT4 go to custom indicators and drag it to your chart.

done

In case that you have problems to set it up you can click on my THV member icon and download the THV manual, there it is explained how to set the time zones.
Quoting Alexgee
Hi Cobra, how do I download this indicator to my trading platform?
Thanks, btw I admire your work.
Alex
  • #111,183
  • Jun 16, 2009 5:00pm Jun 16, 2009 5:00pm
Quoting yogesh
thnx. wud u suggest a support for placing a stop in that case.


Do yoursefl a favor draw a line at 1.3854 and notice that is exactly the support and resistance line,,, so you dont want to go long on the resistance line but wait for it to break that line and then wait for a little pull back and then you go long.

always take a position with the wall of resistance or support behind your back. if you go long make sure you have support behind your price entry if you go short make sure you have reistance behind your short entry. Understand

just...
[/quote]

When it come to place a stop you need to place it just few pip below a support or the last swing low and vice versa few pip over a resistance the trick is not getting stop out. and if you put the stop rigth on a support or resistance,, price will tend to go back to that level it will then it your stop and then it will reverse rigt away because price tend to bounce of support and resistance.

You migth want to go to this link http://www.babypips.com/ you will find good base knowledge about begining trading forex..
  • #111,184
  • Jun 16, 2009 5:01pm Jun 16, 2009 5:01pm
Thanks, Cobra.
If only I knew then what I know now...
  • #111,185
  • Jun 16, 2009 5:02pm Jun 16, 2009 5:02pm
3930 should be a good resistance, if reached, will make double top and will be up against daily R1 and previous day high...
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #111,186
  • Jun 16, 2009 5:04pm Jun 16, 2009 5:04pm
Quoting Alexgee
Man, I could be the one saying that, my feelings exactly. And I don't use stops either, was trained by fti's thread and others to do rescues and re-averaging.


When I first started trading I thought I was a glutton for punishment until I found that thread.

It works, as long as you're nimble. If you freeze up and don't do what you have to do when you have to do it, it's a BIG headache. I guess that goes for most things in life, but with this technique, somehow more so.

and it takes a pair or these for sure, mine went missing last week, I'm still looking for them LOL!
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  • #111,187
  • Jun 16, 2009 5:15pm Jun 16, 2009 5:15pm
can you see...?
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  • #111,188
  • Jun 16, 2009 5:21pm Jun 16, 2009 5:21pm
Yep, that's an old hat, this is 5 days ago: http://www.forexfactory.com/showpost...&postcount=482

But good that you also saw it

Quoting satutrade
can you see...?
  • #111,189
  • Jun 16, 2009 5:26pm Jun 16, 2009 5:26pm
Quoting cobraforex
Yep, that's an old hat, this is 5 days ago: http://www.forexfactory.com/showpost...&postcount=482

But good that you also saw it
yoah...very old, very simple, but very good..
  • #111,190
  • Jun 16, 2009 5:43pm Jun 16, 2009 5:43pm
Market move still confined within uptrend as of 22.00 EST
The market managed to close above the lower trendline on volume max today on a bullish candle indicating to me that longs are favoured. Only negative in this picture is that the close was not in upper third of candle, probably indicating that market had to absorb a lot of selling pressure in the later session. Lets see what tomorrow brings.
Attached Image
  • #111,191
  • Jun 16, 2009 5:44pm Jun 16, 2009 5:44pm
Quoting cobraforex
Yep, that's an old hat, this is 5 days ago: http://www.forexfactory.com/showpost...&postcount=482

But good that you also saw it
Hey Cobra nice to see you here..I keep my ears open and my mouth shut...just picking up something to learn...carry on guys.
  • #111,192
  • Jun 16, 2009 5:48pm Jun 16, 2009 5:48pm
Sounds familar to me, lol.

Quoting Rednose
Hey Cobra nice to see you here..I keep my ears open and my mouth shut...just picking up something to learn...carry on guys.
  • #111,193
  • Jun 16, 2009 5:53pm Jun 16, 2009 5:53pm
in my opinion this is the retrace everybody was waiting for...we are going up again just fast your seatbelts and try not to scream....but who am I anyway?
  • #111,194
  • Jun 16, 2009 6:03pm Jun 16, 2009 6:03pm
you might be right. I gotta see if 3825 holds or is rejected

Quoting Rednose
in my opinion this is the retrace everybody was waiting for...we are going up again just fast your seatbelts and try not to scream....but who am I anyway?
Its all in the mind.
  • #111,195
  • Jun 16, 2009 6:06pm Jun 16, 2009 6:06pm
Quoting 5abi
you might be right. I gotta see if 3825 holds or is rejected
I think well see 3805 as a false breakdown and go up again...pure speculation...
  • #111,196
  • Jun 16, 2009 6:08pm Jun 16, 2009 6:08pm
Quoting Rednose
I think well see 3805 as a false breakdown and go up again...pure speculation...
Yea, yea. I said yesterday 3935 R level. Now I'm revising to uncertain.

[EDIT] Actually, if I think better 3805. Then...we'll see tomorrow. Maybe up, maybe down.
  • #111,197
  • Jun 16, 2009 6:11pm Jun 16, 2009 6:11pm
Quoting TheFisherman
Yea, yea. I said yesterday 3935 R level. Now I'm revising to uncertain.

[EDIT] Actually, if I think better 3805. Then...we'll see tomorrow. Maybe up, maybe down.
So we go like Jack(the ripper) he said : donīt hurry just go part after part....
  • #111,198
  • Jun 16, 2009 6:12pm Jun 16, 2009 6:12pm
I still won't bet the farm on that it keeps moving up.

We completed a 61.8% fib retracement.

Quoting Atlast
Market move still confined within uptrend as of 22.00 EST.
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  • #111,199
  • Jun 16, 2009 6:14pm Jun 16, 2009 6:14pm
DOWN to 1.3500 to 1.3400 then i might start buying from there
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  • #111,200
  • Jun 16, 2009 6:17pm Jun 16, 2009 6:17pm
ok we made below 3831 next 3793 area.. give or take 8.. its a big chart from another time.. ill repost numbers
those who can, do. those who cant, talk about those who can
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