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Indian Guru Trading Majors

  • #521
  • Oct 12, 2009 6:46am Oct 12, 2009 6:46am
thought for food
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  • #522
  • Oct 12, 2009 9:04pm Oct 12, 2009 9:04pm
most important support zone reached

i have posted this chart more than 23 times in the past also

1.57780 level is yearly fib level.

break this and we CRASH to 1.45732

but

if we do not break this, we go back to where we came from

Logics:

  1. USA wants a weaker dollar to boost exports and hence their economy and stock markets.
  2. UK wants the same in respect of their currency.
  3. All other countries also want the same.
  4. What was the logic ? I am confused now.

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  • #523
  • Oct 12, 2009 9:52pm Oct 12, 2009 9:52pm
Those with fastest printer wins.
  • #524
  • Oct 12, 2009 10:07pm Oct 12, 2009 10:07pm
Quoting MoreYummy
Those with fastest printer wins.
Zimbabwe has already done that, result 1 bottle milk = 10 billiona Z$

provided you can find it in the stores.
  • #525
  • Oct 12, 2009 10:09pm Oct 12, 2009 10:09pm
5 min tells me, we should go up a bit now

1 hour tells me, we are below the1 hour xpma, and we should go down

what do i do here ?
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  • #526
  • Oct 12, 2009 10:23pm Oct 12, 2009 10:23pm
Quoting forexlion
5 min tells me, we should go up a bit now

1 hour tells me, we are below the1 hour xpma, and we should go down

what do i do here ?
considering daily trend, and 4 hour, and if 1 hour salaamnamaste also confirms then i will short down to 5690 area, which should be a fib level, 7042 to 3502 @ 5690

just need 5 min tail to return back to 0 level for a better short entry.
  • #527
  • Oct 13, 2009 9:06pm Oct 13, 2009 9:06pm
Quoting forexlion
considering daily trend, and 4 hour, and if 1 hour salaamnamaste also confirms then i will short down to 5690 area, which should be a fib level, 7042 to 3502 @ 5690

just need 5 min tail to return back to 0 level for a better short entry.
Well done Lion, u did a nice job in ur forum to help among traders with liontail indicator. Just take 2 week learn the backtest behavior It now more eazy and simple to get 20, 30, or even 100 pips without any losses in short time. For me i don't care where the price going for long term. As long when im in the market just take around 6 to 8 hr i would be happy with the profit. What in my live stail is just to be an Enjoy Trader.
GELORE
  • #528
  • Oct 14, 2009 3:06am Oct 14, 2009 3:06am
EURUSD 1.5175 possible
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  • #529
  • Oct 14, 2009 3:10am Oct 14, 2009 3:10am
Quoting forexlion
EURUSD 1.5175 possible
Seems to be having a reallllly hard time taking out 1.49 though

I was trying to do some stop hunting when it passed 1.4880 but decided to take the position off close to BE after nothing happened for hours. So hopefully I'll re-enter on the first retracement after it breaks above 1.49.
  • #530
  • Oct 14, 2009 3:10am Oct 14, 2009 3:10am
But NOT this week.
  • #531
  • Oct 14, 2009 8:10pm Oct 14, 2009 8:10pm
I am trying to get a free ftp server from jabry.com

Once setup, I will update post #1 of this thread to contain a screenshot image directly from the ftp site, which will in turn be updated every minute by my mt4, so that i can discuss in detail my trades taken with the help of the forexlion's tail indicator.

1 min charts are the best in the world !!!
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  • #532
  • Oct 14, 2009 9:14pm Oct 14, 2009 9:14pm
You have my full attention.
  • #533
  • Oct 14, 2009 9:25pm Oct 14, 2009 9:25pm
Quoting forexlion
I am trying to get a free ftp server from jabry.com

Once setup, I will update post #1 of this thread to contain a screenshot image directly from the ftp site, which will in turn be updated every minute by my mt4, so that i can discuss in detail my trades taken with the help of the forexlion's tail indicator.

1 min charts are the best in the world !!!
I will join you
  • #534
  • Oct 14, 2009 10:45pm Oct 14, 2009 10:45pm
updated post #1
  • #535
  • Edited 11:07pm Oct 14, 2009 10:57pm | Edited 11:07pm
How do you read that graph on #1 post?
Is it a short atm?
  • #536
  • Oct 14, 2009 11:15pm Oct 14, 2009 11:15pm
Quoting MoreYummy
How do you read that graph on #1 post?
Is it a short atm?
always travel in the direction of the trend
if 1 hour is up, then always try to enter long trades.
  • #537
  • Oct 14, 2009 11:16pm Oct 14, 2009 11:16pm
i am just waiting to see how the day 61.8 level reacts
  • #538
  • Oct 14, 2009 11:24pm Oct 14, 2009 11:24pm
So the H1 tail is the trend.
  • #539
  • Oct 14, 2009 11:27pm Oct 14, 2009 11:27pm
Quoting MoreYummy
So the H1 tail is the trend.
I guess that depends on the timeframe you usually trade. For M1 or M5 entries the H1 tail should work fine for overall direction, but if you trade for example M15 entries then I would look at least to H4 for confirmation.

Obviously, if your entries are on H1 or higher, trend confirmation has to come from daily or weekly charts.
  • #540
  • Oct 14, 2009 11:33pm Oct 14, 2009 11:33pm
Quoting jesperweber
I guess that depends on the timeframe you usually trade. For M1 or M5 entries the H1 tail should work fine for overall direction, but if you trade for example M15 entries then I would look at least to H4 for confirmation.

Obviously, if your entries are on H1 or higher, trend confirmation has to come from daily or weekly charts.
despite confirmation on 5 min and 15 min to short

my problem is that salaamnamaste is in descending order, not in ascending order, so just cannot short here
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