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  • #61
  • Aug 17, 2009 4:42am Aug 17, 2009 4:42am
theoretically, we have reached the lows of the day
  • #62
  • Aug 17, 2009 5:28am Aug 17, 2009 5:28am
Quoting forexlion
well its 13, but to be very specific i find the mt4 version of t3ma as waste of time, its not coded as good as the marketiva chart version, hence the glaring errors in trend reading

when mt4 version gives a confirmed trade, the marketiva version says the opposite and 99% of the times the marketiva version is correct

this is the reason i coded tema, tema comes close to the marketiva version, but not exact

t3ma can really blow your account
Thank you. I didnŽt knew it. IŽll search for tema.

Nice advice.

Good Luck Fella.
  • #63
  • Aug 17, 2009 5:51am Aug 17, 2009 5:51am
Quoting forexlion
yes, still holding the 2 longs, no reason to close them as the beast will go back sometime

but in the meantime i closed 7 trades to cater to the margin requirements of holding the longs instead of hedging them
The red yellow and blue line is a hull moving average?
Probability Professor
  • #64
  • Aug 17, 2009 8:05am Aug 17, 2009 8:05am
Quoting biz0101
May I know how you got to this assumption?
I believe he was just counting the daily number pip movement on average for the GJ. that has been reached and breached as well. I think that is what he was saying. Maybe not..
Price does what price wants , I just need to be prepared.
  • #65
  • Aug 17, 2009 8:54am Aug 17, 2009 8:54am
made a lot of pips too, using the t3xpma stuff.
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  • #66
  • Aug 17, 2009 9:06am Aug 17, 2009 9:06am
Quoting forexlion
theoretically, we have reached the lows of the day
The way gbpjpy has been falling these 3 days, its started to remind me of the great fall started in august last year when it went down like there's no lows.
  • #67
  • Aug 17, 2009 10:27am Aug 17, 2009 10:27am
I wonder if price would still hit the channel low of 153.30 before the journey to 157.xx region would start. It was just about 13 pips shy of hitting 153.30.
  • #68
  • Aug 17, 2009 10:35am Aug 17, 2009 10:35am
Quoting PJkiller
I believe he was just counting the daily number pip movement on average for the GJ. that has been reached and breached as well. I think that is what he was saying. Maybe not..
correct

on an average GJ moves 233 pips [a fib number] from day open.
  • #69
  • Aug 17, 2009 10:37am Aug 17, 2009 10:37am
Quoting mr_nims
The way gbpjpy has been falling these 3 days, its started to remind me of the great fall started in august last year when it went down like there's no lows.
unless 1 hour tema says otherwise, we continue down
  • #70
  • Aug 17, 2009 11:12am Aug 17, 2009 11:12am
it looks as if 153.64 is current support, unless tema 1 hour bounces it back down
  • #71
  • Aug 17, 2009 1:03pm Aug 17, 2009 1:03pm
Hi ForexLion,

I do use MT4 and I was reading your posts and threads but couldnŽt find the tema, all I can find is t3ma...can you post some link where I can learn how to use the indicator? IŽll be thankful.

Trade well.
Regards.
  • #72
  • Aug 17, 2009 1:45pm Aug 17, 2009 1:45pm
Quoting Rednose
Hi ForexLion,

I do use MT4 and I was reading your posts and threads but couldnŽt find the tema, all I can find is t3ma...can you post some link where I can learn how to use the indicator? IŽll be thankful.

Trade well.
Regards.
post # 37 of this thread
  • #73
  • Edited 7:34pm Aug 17, 2009 6:59pm | Edited 7:34pm
Quoting forexlion
post # 37 of this thread
This aint going DOWN big time..... looking to Buy Dips .. around 150- 149... if ever there ..think it will be..

5 pages in 1 Day ... Not Bad..

Can some one Discuss or go beyond INDICATORS.. HERE .. or No???

I believe trading is more than just Indicators...

Heads Up... Option expiry this Friday.. Double witching Hour.. any upcoming Bad news this week is already priced IN.
Markets are not Random, they are designed!
  • #74
  • Aug 17, 2009 7:14pm Aug 17, 2009 7:14pm
Quoting Raza
This aint going DOWN big time..... looking to Buy Dips .. around 150- 149... if ever there ..think it will be..

5 pages in 1 Day ... Not Bad..

Can some one Discuss or go beyond INDICATORS.. HERE .. or No???

I believe trading is more than just Indicators...

Heads Up... Option expiry this Friday.. Double witching Hour.. any Bad news this week is already priced IN.


lol....gj got to where i said it should go 153.55
MY OPINION NOT FINANCIAL ADVISE
  • #75
  • Aug 17, 2009 7:29pm Aug 17, 2009 7:29pm
Quoting donfriday
lol....gj got to where i said it should go 153.55

Thought you said 153.00...also it went lower than 153.55?/

So where is it gonna go now?.. I am A Newbie... please tell me... should i buy or should i sell..
Markets are not Random, they are designed!
  • #76
  • Aug 17, 2009 7:34pm Aug 17, 2009 7:34pm
Quoting Raza
Thought you said 153.00...also it went lower than 153.55?/

So where is it gonna go now?.. I am A Newbie... please tell me... should i buy or should i sell..
hahahahah...u funny, if other believe u newbie not me cus u know we friends and i know u very well...
my sunday chart on aus was 153.55 same on my thread....but cant tell where it will go now, i dont have confirmed set up yet only took long yesterday @154.19.
let see what happen in few hrs.
MY OPINION NOT FINANCIAL ADVISE
  • #77
  • Aug 17, 2009 7:47pm Aug 17, 2009 7:47pm
Quoting donfriday
hahahahah...u funny, if other believe u newbie not me cus u know we friends and i know u very well...
my sunday chart on aus was 153.55 same on my thread....but cant tell where it will go now, i dont have confirmed set up yet only took long yesterday @154.19.
let see what happen in few hrs.

150.50--96-----------164--165------146.........135......
Markets are not Random, they are designed!
  • #78
  • Aug 17, 2009 7:49pm Aug 17, 2009 7:49pm
Quoting Raza
152.56-----------164--165------146.........135......

it depend how u set up ur chart....i have nothing at 152 my set up was base on the daily channel of Fibonacci fan..so i wish you good luck ..trade safe...all trade locked going to bed ..
MY OPINION NOT FINANCIAL ADVISE
  • #79
  • Aug 17, 2009 8:02pm Aug 17, 2009 8:02pm
Quoting donfriday
it depend how u set up ur chart....i have nothing at 152 my set up was base on the daily channel of Fibonacci fan..so i wish you good luck ..trade safe...all trade locked going to bed ..

if it reaches 160 again... new High will be made...this month..
Markets are not Random, they are designed!
  • #80
  • Aug 17, 2009 8:10pm Aug 17, 2009 8:10pm
Good morning guys, time to plan a fresh day

well 3rd friday of each month is options expiry, not a big deal, just a few whips

so what are we in for today ?

1 hour wants to retrace, 4 hour is down

so i guess we test 4 hour tema first, if break then 156.30 test
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