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AUD/USD

  • #5,801
  • Oct 7, 2009 5:27am Oct 7, 2009 5:27am
Quoting fammira
yes indicators just confuse

So you guyz only use Charts/Price Action and no Indicators like Pivots, BB, RSI, MACD?? Sounds very interesting!!! What do you basically look in the charts like is it the daily,weekly, monthly highs and lows etc.?
  • #5,802
  • Oct 7, 2009 5:28am Oct 7, 2009 5:28am
Quoting dongsky
hi bro, it looks like a continuation pattern to me
how about a false break?

I am buying now at 88.02
  • #5,803
  • Oct 7, 2009 5:29am Oct 7, 2009 5:29am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 96 KB


watchout for the pinbar, that's a rejection and to me it's something i shouldnot take for granted... i'll take that as bearish...
Success consists of going from failure to failure without loss of enthusiam
  • #5,804
  • Oct 7, 2009 5:29am Oct 7, 2009 5:29am
Quoting Pak Tiger
So you guyz only use Charts/Price Action and no Indicators like Pivots, BB, RSI, MACD?? Sounds very interesting!!! What do you basically look in the charts like is it the daily,weekly, monthly highs and lows etc.?
high, lows are the most important things in my opinion

and volumes are required to move the market

nothing else is important buy recognizing market excesses and hit the spot against the market, I am usually not immediately rewarded, but mostly very well rewarded in the medium term

so far so good, as long as it works
  • #5,805
  • Oct 7, 2009 5:30am Oct 7, 2009 5:30am
Quoting fammira
how about a false break?

I am buying now at 88.02
maybe i'm wrong bro, i'm not so familiar with usdjpy market moves bare with me
Success consists of going from failure to failure without loss of enthusiam
  • #5,806
  • Oct 7, 2009 5:31am Oct 7, 2009 5:31am
Quoting fammira
high, lows are the most important things in my opinion

and volumes are required to move the market

nothing else is important buy recognizing market excesses and hit the spot against the market, I am usually not immediately rewarded, but mostly very well rewarded in the medium term

so far so good, as long as it works
you've got a very strong point there bro and guess what, i have learned somthing just right now i'm going to look at that area of my trading... cheers
Success consists of going from failure to failure without loss of enthusiam
  • #5,807
  • Oct 7, 2009 5:33am Oct 7, 2009 5:33am
I have a very strong feeling about usdjpy... it will go down to 8700 before going up...
Success consists of going from failure to failure without loss of enthusiam
  • #5,808
  • Oct 7, 2009 5:36am Oct 7, 2009 5:36am
to those who went long with usdjpy... be sure you have a tight stop... nobody knows just a wishful thinking
Success consists of going from failure to failure without loss of enthusiam
  • #5,809
  • Oct 7, 2009 5:36am Oct 7, 2009 5:36am
Quoting dongsky
I have a very strong feeling about usdjpy... it will go down to 8700 before going up...

unfortunately 'feelings' even strong ones dont work in forex!
  • #5,810
  • Oct 7, 2009 5:37am Oct 7, 2009 5:37am
Quoting fammira
changing topics for a while

USDJPY at 88,10 is a buy
is it a double bottom on weekly chart?
  • #5,811
  • Oct 7, 2009 5:39am Oct 7, 2009 5:39am
hi, here i have the resistance levels from dukascopy of usd/jpy for today.
gl
http://img11.imageshack.us/img11/997...elsoktober.jpg
  • #5,812
  • Oct 7, 2009 5:39am Oct 7, 2009 5:39am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting blue_z_zz
G_man our scots say the wearther is nice and delightful up their in the 90s and is good spot to spend the weekend
yea sure its nice and tropical for you mate ...

but i dont think that would be the case ... if this happens i'll ban myself for tarding for very long time (2 Days) ...
  • #5,813
  • Oct 7, 2009 5:39am Oct 7, 2009 5:39am
Quoting Pak Tiger
So you guyz only use Charts/Price Action and no Indicators like Pivots, BB, RSI, MACD?? Sounds very interesting!!! What do you basically look in the charts like is it the daily,weekly, monthly highs and lows etc.?
i sometimes use 21 ema just to confirm trends, you see what i posted... that's my chart and very easy to see the price movement not confusing
Success consists of going from failure to failure without loss of enthusiam
  • #5,814
  • Oct 7, 2009 5:40am Oct 7, 2009 5:40am
Quoting goodness
unfortunately 'feelings' even strong ones dont work in forex!
i guess you are very right... my apologies if i normaly mixedup my analogies and backed up with feeling - some kinda affirmation

cheers
Success consists of going from failure to failure without loss of enthusiam
  • #5,815
  • Oct 7, 2009 5:43am Oct 7, 2009 5:43am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting goodness
unfortunately 'feelings' even strong ones dont work in forex!
... n1 goodness ...

i have a stronger one ... can it work ...
  • #5,816
  • Oct 7, 2009 5:44am Oct 7, 2009 5:44am
Quoting fammira
high, lows are the most important things in my opinion

and volumes are required to move the market

nothing else is important buy recognizing market excesses and hit the spot against the market, I am usually not immediately rewarded, but mostly very well rewarded in the medium term

so far so good, as long as it works

I See!! Well I havn't given that much importance to highs and lows in my trading so far but I guess after getting this advice from you, i am gonna look at it alot more closely now!!! Thanks very much!!!

By the way, how much importance does SL holds particularly to a day trader? Its one area (SL) which i often doesn't pay much attention but I think i should tighten this aspect of my trading because it can hurt big time of you don't place SL often!!! I generally like to place my SL equal to BE but sometimes that point doesn't comes in my trade and end up closing it in loss!!
  • #5,817
  • Oct 7, 2009 5:47am Oct 7, 2009 5:47am
Quoting dazers
is it a double bottom on weekly chart?
you should make a confirmation with other time frames too because it might be going down just for a day and up again tomorrow or might be down for just 4 hours or an hour double bottom is a strong reversal signal but need to be confirmed when it will be due for reversal... worst is it might just be a consolidation and back down again
Success consists of going from failure to failure without loss of enthusiam
  • #5,818
  • Oct 7, 2009 5:55am Oct 7, 2009 5:55am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
its happening ...
  • #5,819
  • Oct 7, 2009 6:01am Oct 7, 2009 6:01am
Quoting G_Man
its happening ...
what's happening???
Success consists of going from failure to failure without loss of enthusiam
  • #5,820
  • Oct 7, 2009 6:03am Oct 7, 2009 6:03am
check out aud/usd again... it's going down for retracement. i will enter long @8910 stop loss @8880
Success consists of going from failure to failure without loss of enthusiam
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