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  • #204,621
  • Mar 2, 2010 3:42am Mar 2, 2010 3:42am
Quoting Mr Hatch
+5, but young at heart.
Hell man, your knees and back probably don't even pop yet. I don't want to hear it....
  • #204,622
  • Mar 2, 2010 3:43am Mar 2, 2010 3:43am
Quoting PriceVolume
You have to start somewhere. I have yet to meet a natural....
the thing about that is, that 90% of my winners derive from gut-feeling. nearly any calculation i tried failed miserably.
  • #204,623
  • Mar 2, 2010 3:44am Mar 2, 2010 3:44am
Quoting Mr Hatch
yeah, this week is no good for my purse...
i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done... i will not trade before retraction is done...
There there Mr Hatch, cheer up...you'll get them the next trade.

After the recovery is clear i'm aiming for 1.3211 my next support level, after my prev support level at 1.3442 break.

Waiting for the bear to come, i have my bear trap ready
  • #204,624
  • Mar 2, 2010 3:46am Mar 2, 2010 3:46am
Quoting redmeccha
There there Mr Hatch, cheer up...you'll get them the next trade.

After the recovery is clear i'm aiming for 1.3211 my next support level, after my prev support level at 1.3442 break.

Waiting for the bear to come, i have my bear trap ready
Forget the bears...drink a beer and eat bulls
" Accepting losses is the most important single investment devise "
  • #204,625
  • Mar 2, 2010 3:47am Mar 2, 2010 3:47am
thanks fontu,

do u see this going up to 1125 becus thts where i have put my stop loss. my first target is 1106 but i think it mite go down below 1100. thanks.
  • #204,626
  • Mar 2, 2010 3:47am Mar 2, 2010 3:47am
Pending orders set @ 1.3506 and 1.3526...targeting 1.3400 for now
After this down move i'm expecting a slow move up towards my orders...it would indicate that buyers are sleeping and that sellers are near
COT: The precious data ignored
  • #204,627
  • Mar 2, 2010 3:47am Mar 2, 2010 3:47am
Quoting arezab
The first range area is actually a bear flag (look at the slight rising angle) but the second one is not. The second one is more like a reversal wedge.

The is important.
A key distinction......question is - how far down can we get before it breaks...if it breaks, that is....
  • #204,628
  • Mar 2, 2010 3:49am Mar 2, 2010 3:49am
Quoting kuroro001
Pending orders set @ 1.3506 and 1.3526...targeting 1.3400 for now
After this down move i'm expecting a slow move up towards my orders...it would indicate that buyers are sleeping and that sellers are near
Trade your own plan.....but I would be careful in the short term over the 3513 area.....I would want to see the PA supporting the trade....
  • #204,629
  • Mar 2, 2010 3:49am Mar 2, 2010 3:49am
.
Attached Image
Discipline + Patience - Fear - Greed = Success
  • #204,630
  • Mar 2, 2010 3:51am Mar 2, 2010 3:51am
Quoting arezab
.
yeah, that was the trap i blindly stepped into yesterday when eu-sessions closed. had to sit it out...
  • #204,631
  • Mar 2, 2010 3:53am Mar 2, 2010 3:53am
Volume on the € futures indicate that another move down should come. On a 5min chart the bar down was supported by high volume and the following 5min bars retracing with less volume. To my understanding this indicates further downwards pressure, or am I interpreting this wrongly?
see chart and comments very welcome....
Attached Image (click to enlarge)
Click to Enlarge Name: 020310€futures.jpg Size: 104 KB
Trade on your own risk Plan your trade&trade your plan dont be a
  • #204,632
  • Mar 2, 2010 3:57am Mar 2, 2010 3:57am
Quoting Trading Cat
Volume on the € futures indicate that another move down should come. On a 5min chart the bar down was supported by high volume and the following 5min bars retracing with less volume. To my understanding this indicates further downwards pressure, or am I interpreting this wrongly?
see chart and comments very welcome....

To me it shows that this high vol bar had probably more buyers than sellers (because of all buy stops around that level) but the next low vol upbars are indicating that no buying pressure are there....so no new buyers as we go up
I'm expecting more downward movement
Still waiting above 1.3500
COT: The precious data ignored
  • #204,633
  • Mar 2, 2010 3:58am Mar 2, 2010 3:58am
EURO-DOLLAR: Recovery off pressured lows at $1.3433 found resistance
around $1.3490 ($1.3489 38.2% $1.34580/1.3433). Rate currently trades
around $1.3488. A clear above $1.3490 to allow for a move on toward
$1.3505, with talk of stops in place on a break above.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #204,634
  • Mar 2, 2010 3:58am Mar 2, 2010 3:58am
morning all
The best thing that can happen to you is to find out where you're wrong.
  • #204,635
  • Mar 2, 2010 3:59am Mar 2, 2010 3:59am
Quoting Driver55
morning all
Morning
  • #204,636
  • Mar 2, 2010 4:00am Mar 2, 2010 4:00am
Hi PV,

Is this the type of PA support in the 3513 area that we're looking for, for a short signal?

Quoting Trading Cat
Volume on the € futures indicate that another move down should come. On a 5min chart the bar down was supported by high volume and the following 5min bars retracing with less volume. To my understanding this indicates further downwards pressure, or am I interpreting this wrongly?
see chart and comments very welcome....
always learning from the masters
  • #204,637
  • Mar 2, 2010 4:01am Mar 2, 2010 4:01am
Quoting Trading Cat
Volume on the € futures indicate that another move down should come. On a 5min chart the bar down was supported by high volume and the following 5min bars retracing with less volume. To my understanding this indicates further downwards pressure, or am I interpreting this wrongly?
see chart and comments very welcome....
Not true.

Decrease in vol for second fall is a sign of bears not being interested in anymore. It is a sign of strength coming and bulls stepping in. This is kind of divergence exactly like what we see on oscillators ... when price makes a new low but indicator don't comply.

On the other hand this is stopping vol meaning buyers stopped sellers from continuing to push it down more. But the key is that in second stopping volume pattern, we needed less buyers to stop them because of less volume involved = this means less bears in the market in second fall.

Edit: we need mb14 here
Discipline + Patience - Fear - Greed = Success
  • #204,638
  • Mar 2, 2010 4:06am Mar 2, 2010 4:06am
Quoting arezab
Not true.

Decrease in vol for second fall is a sign of bears not being interested in anymore. It is a sign of strength coming and bulls stepping in. This is kind of divergence exactly like what we see on oscillators ... when price makes a new low but indicator don't comply.

Edit: we need mb14 here
For me it's almost exactly the same configuration as yesterday when it reached 1.3470 with high vol then went up on low 100 pips higher

But you might be right...we'll see in the coming hours
COT: The precious data ignored
  • #204,639
  • Mar 2, 2010 4:07am Mar 2, 2010 4:07am
ok that was good ..the only good thing for me today...I bought on level 13470 and sold it with heavily lots on 13500...that was a risky try but I had to recover some losses..forex loves only risks and if you don't risk you can't win...the only point is the entry point to risk...13470 was a good confirmed entry point for short term buy
" Accepting losses is the most important single investment devise "
  • #204,640
  • Mar 2, 2010 4:09am Mar 2, 2010 4:09am
Quoting fxdagang
Hi PV,

Is this the type of PA support in the 3513 area that we're looking for, for a short signal?
No. My concerns are this - while we got a new low, it's a pathetically weak low. And, it was faded pretty quickly. Above 3513 begins to threaten bullish strength (talking short term here). So, what I would want to see is an impulsive move down, the formation of a ledge (aka pullback), and a break of that ledge. Unless we get a significant retracement, I won't be adding to my shorts again until we hold below the recent low....and have the PA described above.....
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