Deprive a man of everything and you give him nothing to lose.
- #12,202
- Jul 20, 2009 9:45pm Jul 20, 2009 9:45pm
If you do it only 4 times a day with 2 standart lots makes 640 $ daily, not bad at all, isn't it?
the most difficult part for me now is how to return back to trade live after being away for 6 months due to being busy in study and other stuff .. (only on demo during that period).
COURAGE is what i need now.
- #12,205
- Jul 20, 2009 11:52pm Jul 20, 2009 11:52pm
Just looking at the charts in the higher TF, there is bearish divergence in the 4HR and the 1HR is a good distance from the Coral....the FPV is at 1.42000...I am thinking if PA can break and hold beneath the FPV we may have some good shorts to play....
Any other thoughts?
If there is a break then there should be some nice 5 and 15 minute THV setups. E/J and G/J seem to be rolling over too which is a good precursor to E/U breaking down here. Good pips to you!
Pipnosis
"Mistakes are the portal of discovery." - James Joyce
- #12,208
- Jul 21, 2009 12:54am Jul 21, 2009 12:54am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #12,212
- Jul 21, 2009 3:02am Jul 21, 2009 3:02am
Stumbled across this thread over the weekend and downloaded the latest version for testing. Very impressive. Hope to contribute to this fine thread. I've said it before and I'll say it again, Forex Factory is a great community. 
"Don't trade to trade . . . trade to win." - James16
- #12,213
- Jul 21, 2009 3:48am Jul 21, 2009 3:48am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #12,214
- Jul 21, 2009 4:32am Jul 21, 2009 4:32am
Hi Cashmeer,
No, it's hidden bearish divergence- price is making lower highs, trix is making higher highs. I just wanted to show what has been causing the divergence - price has been been bouncing off of the red t/l(which is pretty well tested), the 50% fib and also the weekly projected high of about 1.4235 since yesterday. Maybe Bernake's speach will be enough to kick us out of this range between the 38.2 fib and the 50 fib that we've been in for weeks.
Where to you see bullish divergence?
Edit: oh, I see,there was bullish divergence...
I don't usually trade like that but the pattern was familiar....during those hours I was watching channels and thinking about ICCE and, you know how things go, every other direction starts to look good...
Anyhow, thankfully I did not reverse my postition although I was on the verge of doing just that...
I know the likes of Cobra could have taken 3 times the range of PA in those hours, I wanted to but I cannot open multiple positions in Oanda, I mean I cannot manage two trades in the same pair opposite direction like MT4 used to allow...
I wonder if the bears have left for now?
Question to Cobra, if you're reading this...do you like PA in the Asian session on the E/J becuase it's like PA in the E/U in the London session. What is it about E/J mornings that you cannot get in the E/U?
Just curious...
Y'all trade safely...Good Ole Bernanke with his Big Electronic Money Makin' Machine is gonna be double speakin' this afternoon......
Deprive a man of everything and you give him nothing to lose.
- #12,217
- Jul 21, 2009 5:50am Jul 21, 2009 5:50am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #12,218
- Jul 21, 2009 5:57am Jul 21, 2009 5:57am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #12,219
- Jul 21, 2009 6:14am Jul 21, 2009 6:14am
.....Considering the mess Mr Greenspan left him, I think he's doing pretty well. The big question is: which of his interests is he going to emphasize in today's statement? I don't think PA is going to do much of anything today until we find out (or at least until we are about to find out).
It's really a question of waiting to see which side he tips his hand and what market participants think of what he has to say.
Z
