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  • #180,821
  • Jan 14, 2010 2:51am Jan 14, 2010 2:51am
Quoting Seki
nice place for long entry 15M charts.
SL just below previous low
i think 1h candle will tell, personally i wouldnt take this one.best regards
  • #180,822
  • Jan 14, 2010 2:51am Jan 14, 2010 2:51am
good morning everyone.

I did some Anal-ylis this morning on the daily and hourly. Trend is still not 100% clear we could either have made a correction and will continue up or we made a lower low and have a change of direction (daily). On the hourly I stumbled upon this H&S pattern its not very clear but could work out. There are now a few things for me to confirm short, those 2 trendline which give € support , so I want them broken to short and 4446 broken for 4333.

Otherwise I will be just watching and waiting as I do very often.
A break of the upper tl and break of 4555-4578 would make me long as then the H&S pattern would be made void.

Thats pretty much it, if I see anything important for a few pips here and there I might take that too but I would prefer to play it safe.

See chart and please feel free to comment.
The Cat
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #180,823
  • Jan 14, 2010 2:53am Jan 14, 2010 2:53am
Quoting fontu
Waiting for the tp1 at least to reach.
fontu
hi fontu,

what are those green and red sqares? is this a kind of indicator for tops and bottoms?
Trade on your own risk Plan your trade&trade your plan dont be a
  • #180,824
  • Jan 14, 2010 2:53am Jan 14, 2010 2:53am
Am i the only one bear at the moment???????
Lonely man agaİnst everbody...
" Accepting losses is the most important single investment devise "
  • #180,825
  • Jan 14, 2010 2:53am Jan 14, 2010 2:53am
Ive updated my M15 chart in view of the recent PA, but I still won't short this. I see many shorters here, but not too many charts to back it up. For my money, all charts from M15 all the way to the weekly are showing an up trend of varying degrees...none show a down trend.

I may be wrong, but I need to see charts!!!
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #180,826
  • Jan 14, 2010 2:56am Jan 14, 2010 2:56am
Hi all,

Does anyone have the link to where we can watch the ECB press conference this afternoon?

Thanks
  • #180,827
  • Jan 14, 2010 2:58am Jan 14, 2010 2:58am
Quoting Trading Cat
hi fontu,

what are those green and red sqares? is this a kind of indicator for tops and bottoms?
RIP swing point larseg posted it , see my posts today morning ,links there . Yes looks very good.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #180,828
  • Jan 14, 2010 2:59am Jan 14, 2010 2:59am
Quoting fontu
ok , how many pips targetted ,as scalping for few pips can be done at any place though.
fontu
Will adjust my target afer 4533...
I very like setups with long candle tails.
Thanks
  • #180,829
  • Jan 14, 2010 2:59am Jan 14, 2010 2:59am
Quoting realjumper
Ive updated my M15 chart in view of the recent PA, but I still won't short this. I see many shorters here, but not too many charts to back it up. For my money, all charts from M15 all the way to the weekly are showing an up trend of varying degrees...none show a down trend.

I may be wrong, but I need to see charts!!!
THE line down is broken at 1.4435 and in the 30m tf I see a clear 1.4505 line uptrend what could be the next step for the PA to test..other major currencies confirming that the USD is stronger against others in moment
" Accepting losses is the most important single investment devise "
  • #180,830
  • Jan 14, 2010 3:01am Jan 14, 2010 3:01am
Quoting freedom48
THE line down is broken at 1.4435 and in the 30m tf I see a clear 1.4505 line uptrend what could be the next step for the PA to test..other major currencies confirming that the USD is stronger against others in moment
Post a chart!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #180,831
  • Jan 14, 2010 3:02am Jan 14, 2010 3:02am
yeah, but there is h&s pattern, which might be in play. Break of 4450 or on the upside 4550, would give us direction, either on bulls or bears imo. But currently we are still in this range. Daily candles showing indecision, maybe yesterdays daily candle, maybe bit more favours the bulls.


http://img20.imageshack.us/img20/5347/66889165.gif
http://i.imagehost.org/view/0444/eu
  • #180,832
  • Jan 14, 2010 3:02am Jan 14, 2010 3:02am
Quoting freedom48
Am i the only one bear at the moment???????
Lonely man agaİnst everbody...
no, would have shorted at around 4530... maybe we get a little retrace...
  • #180,833
  • Jan 14, 2010 3:04am Jan 14, 2010 3:04am
Quoting freedom48
Am i the only one bear at the moment???????
Lonely man agaİnst everbody...
No , me too. bear in bull set up ,last leg down , unliable to how much it go before resume the bull to attempt topple previous top or fail . not though 1.4512 price having 3 bottoms and may show some bulls though towards 1.4530 in bear continuation format.
waiting only for my tps.

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #180,834
  • Jan 14, 2010 3:04am Jan 14, 2010 3:04am
Quoting freedom48
Am i the only one bear at the moment???????
Lonely man agaİnst everbody...
no you not
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  • #180,835
  • Jan 14, 2010 3:12am Jan 14, 2010 3:12am
Quoting Seki
Will adjust my target afer 4533...
I very like setups with long candle tails.
Thanks
Yes it should work for some pips , price at or just above 1.4530.as per mk,s teachings before .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #180,836
  • Jan 14, 2010 3:12am Jan 14, 2010 3:12am
Are you guys expecting heavy volatility today with the ECB rates decision. I think the discussion will be more about what to do about Greece.

I am two minded about trading today. I think ill take the week off.

Any opinions?
  • #180,837
  • Jan 14, 2010 3:13am Jan 14, 2010 3:13am
eu up-up away...now.. tp=4549,
  • #180,838
  • Jan 14, 2010 3:14am Jan 14, 2010 3:14am
Quoting 4exJunki
Are you guys expecting heavy volatility today with the ECB rates decision. I think the discussion will be more about what to do about Greece.

I am two minded about trading today. I think ill take the week off.

Any opinions?
if your guts tell you to take off... then do it

there will be some vola today with all the news coming out... but i expect a trend for tomorrow
  • #180,839
  • Jan 14, 2010 3:15am Jan 14, 2010 3:15am
Quoting fontu
Yes it works now , perhaps needed the schaff trend cycle . downloaded fresh both from this page
http://www.forexfactory.com/showthread.php?p=3330341
thanks . will see if repainting & hope one of the best one of it,s kind.
please write more about using them if you have time .
Thanks ,
fontu

Hi Buddy,

I use it on AudUsd at the moment to see the trend. I have backtested a specific time and tweaked SL & TP. If it gives you a positive result while back testing you should be ok....

It's just another tool in the toolbox, use it as you like
I am big at having a dynamic SL (reversed trailing SL).

In the end its just a puzzle... Here is my per centage result from 14 december also, if you want something to aim at

PS. 5 trades a week...

cheers
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  • #180,840
  • Jan 14, 2010 3:15am Jan 14, 2010 3:15am
Quoting fontu
RIP swing point larseg posted it , see my posts today morning ,links there . Yes looks very good.
fontu
hmmm thx I have downloaded it and added it to my mt4 but its somehow not working do I need to add something more or active it in some special way?
Trade on your own risk Plan your trade&trade your plan dont be a
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