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  • #209,381
  • Mar 10, 2010 4:34pm Mar 10, 2010 4:34pm
Quoting simao
malcomb14 Man :@, you are make so nervous in auslanco thread and also when i post here i see you talk about swinggggggggg direction, plz dont tell us about target of 500pips, a lot of guys here are intraday not take the long-term position and still wait next months for hit your target, man plz be so honest
I guess higher lows on 4 hour means nothing to you ? even as an intraday trader you need to know trend for that session

I bet you were selling all us session and wondering why you were getitng stopped out ?

could this pattern that has been forming pop 400 pip in next 48 hours with an atr 21 of 130 pip a day and has been as high as 150 ....sure it could as likely chances are if we do get a break out all retial shorts will be getting stopped out driving the move higher .

sorry ..do you even know what an ATR is ?
Blogging daily now at www.volume.zone
  • #209,382
  • Mar 10, 2010 4:35pm Mar 10, 2010 4:35pm
Quoting woo
It isnt. Im currently trading with mbt, and i couldnt liquidate my position. If i had another broker, i could offset the trade, and i would only have to pay 2 additional spread fees, which yes completely suck, especially if im scalping However, im watching the price all the time, and i think even thnis option is good, rather than not being able to do anything with your money.
Ah right if fair enuff, are you trading spot or options? as options arent very liquid out of normal hours compared to spot, I know MBT do both and is one of the best brokers!
  • #209,383
  • Mar 10, 2010 4:36pm Mar 10, 2010 4:36pm
Quoting malcolmb14
I guess higher lows on 4 hour means nothing to you ? even as an intraday trader you need to know trend for that session

I bet you were selling all us session and wondering why you were getitng stopped out ?

could this pattern that has been forming pop 400 pip in next 48 hours with an atr 21 of 130 pip a day and has been as high as 150 ....sure it could as likely chances are if we do get a break out all retial shorts will be getting stopped out driving the move higher .

sorry ..do you even know what an ATR is ?
the same applies to lower highs...
  • #209,384
  • Mar 10, 2010 4:39pm Mar 10, 2010 4:39pm
Quoting malcolmb14

I clearly stated due to dojis forming on weekly I am buying every dip into 1.3500. I stated this 3 weeks ago and am still doing this selling for 50 to 150 a pop.
Haven't been viewing this thread lately but I do get the feeling that most people are unaware of whats happened in the last 5 weeks or so. Each weekly candlestick has been pretty much a doji with taps at 1.3450 at the lowest and 1.38 at the highest. That is the range, and with all the long wicks yet pa closing where the week started most often, selling the peaks and buying the dips is most logical as an intraday/swing term strategy. It doesn't even matter when or where the range will break, after this much consolidation. The only problem is timing, if one is not here (like me) when those dips or peaks happen, no real entry can be taken. Good thing there's the Eur/Jpy and the many intraday "pulses" within the consistent trends to give peaks and dips while ranging hehe.
Different opinions highly valued, ignorant to slander.
  • #209,385
  • Mar 10, 2010 4:39pm Mar 10, 2010 4:39pm
sorry forgot chart

rounded bottom , but downward tl on top ..... something got to give and with the wedge between the 2 getting smaller will likely be in the next 24 hours

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 151 KB
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  • #209,386
  • Mar 10, 2010 4:40pm Mar 10, 2010 4:40pm
Quoting cunha
the same applies to lower highs...

yup agree, see 4 hour charts posted ...
Blogging daily now at www.volume.zone
  • #209,387
  • Mar 10, 2010 4:43pm Mar 10, 2010 4:43pm
Quoting psiholog
Haven't been viewing this thread lately but I do get the feeling that most people are unaware of whats happened in the last 5 weeks or so. Each weekly candlestick has been pretty much a doji with taps at 1.3450 at the lowest and 1.38 at the highest. That is the range, and with all the long wicks yet pa closing where the week started most often, selling the peaks and buying the dips is most logical as an intraday/swing term strategy. It doesn't even matter when or where the range will break, after this much consolidation. The only problem is timing,...
You described to a "T" what has happened to me quite a few times these last few weeks really(timing). I'm either asleep with my alarm just a little to high/low or out at dinner and miss the top/bottom.

At least I've made money on the kiwi.
  • #209,388
  • Mar 10, 2010 4:44pm Mar 10, 2010 4:44pm
Quoting malcolmb14
sorry forgot chart

rounded bottom , but downward tl on top ..... something got to give and with the wedge between the 2 getting smaller will likely be in the next 24 hours

Attachment
Timed with US unemployment news ??
  • #209,389
  • Mar 10, 2010 4:45pm Mar 10, 2010 4:45pm
Quoting malcolmb14
sorry forgot chart

rounded bottom , but downward tl on top ..... something got to give and with the wedge between the 2 getting smaller will likely be in the next 24 hours

Attachment
Should be interesting esp as options expiry is Monday, and hedge funds are still very short, I wonder how many will be rolling them over?
  • #209,390
  • Mar 10, 2010 4:49pm Mar 10, 2010 4:49pm
Quoting uraceulose
You described to a "T" what has happened to me quite a few times these last few weeks really(timing). I'm either asleep with my alarm just a little to high/low or out at dinner and miss the top/bottom.

At least I've made money on the kiwi.
It's easy though to look back and say should of sold at the high and low of this range. You never know if it's going to range for sure or when it's going to end. Everyone has been anticipating a breakout, would you go long or short? See, it's not so easy when it's looking into the future... it could continue to range.
  • #209,391
  • Mar 10, 2010 4:52pm Mar 10, 2010 4:52pm
Quoting PipLand
Should be interesting esp as options expiry is Monday, and hedge funds are still very short, I wonder how many will be rolling them over?

The way that ES has been played with last 2 days right at resistance it is going to be a fun Thursday and Friday one way or the other.

What you think a little cook of the Uemployment numbers to send the DJ to new 2010 highs ? so Sunday newspapers can be screaming bull market is back . Next week all will be running into the market to throw what money they have had on the sidelines. USD will get crushed for a couple of weeks at least any way till Spain or Ireland or some other country gin the EU gets into a mess
Blogging daily now at www.volume.zone
  • #209,392
  • Mar 10, 2010 4:56pm Mar 10, 2010 4:56pm
Could see some pretty volatile moves tomorrow hope you guys are positioned well cause this move may last for a few weeks
  • #209,393
  • Mar 10, 2010 4:56pm Mar 10, 2010 4:56pm
Quoting uraceulose
You described to a "T" what has happened to me quite a few times these last few weeks really(timing). I'm either asleep with my alarm just a little to high/low or out at dinner and miss the top/bottom.

At least I've made money on the kiwi.
It's good to have a backup pair when your main pair is acting.."funky". I looked on the weekly charts as far back as my platform allows me and never in history has there been 5 weekly candles as dojis of this magnitude. There are some serious fundamentals at work here and I'm not sure if I want to know what they are...lol.
Different opinions highly valued, ignorant to slander.
  • #209,394
  • Mar 10, 2010 4:58pm Mar 10, 2010 4:58pm
Quoting malcolmb14
I clearly stated due to dojis forming on weekly I am buying every dip into 1.3500. I stated this 3 weeks ago and am still doing this selling for 50 to 150 a pop.
Malcolm, indeed you have stated this, many times in fact. I'm not saying that you're wrong, but it doesn't matter how many dojis form on the weekly. That is just an indication of indecision because there is no confirmation either way of whether the PA will go up or down.

You seem pretty sure that it will go up, hence you are buying the dips.

I do not subscribe to the (apparently) inevitable rise in the EU, for a variety of reasons. Therefore I am selling the tops as I believe that the EU will fall.

We have opposite strategies and one of us is right and the other wrong. If I am wrong, my MM will protect me from too much damage, as I'm sure yours will for you, if you are wrong.

Saying the same thing over and over and over does NOT make your strategy and more valid than mine.

Nor does it mean that I'm a muppet.

People have different reasons to enter trades and two people can enter trades by taking opposite trades...ie One will go short and other will go long....yet they both make profit.

I have a different analysis method to you, and I think differently to you. My trades are different as well. The best we can expect is that we both make profit. I'm not complaining about my profit.....some do better than me, some do worse. This isn't a pissing contest.

I respect your opinion, as I respect most other peoples opinions whether they turn out to wrong or right.....THAT is the best that we can hope for in this international forum of all levels of skill....from novice to trading god. We are all novice traders at some stage, are we not?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #209,395
  • Mar 10, 2010 4:58pm Mar 10, 2010 4:58pm
Quoting simao
malcomb14 Man :@, you are make so nervous in auslanco thread and also when i post here i see you talk about swinggggggggg direction, plz dont tell us about target of 500pips, a lot of guys here are intraday not take the long-term position and still wait next months for hit your target, man plz be so honest

I think you may be French ..no wonder you dislike me ..lol I am a Brit ...

Do not worry the Naval batttle was a long time ago and we have forgotten about it. (mostly as we kicked Napoleon's rear end)

In my language when something is titled ' that is shit' we take great offence to it.

Also you seem a little confused ...r you a day trader or a swing trader ? http://www.forexfactory.com/showpost...stcount=207549
Blogging daily now at www.volume.zone
  • #209,396
  • Mar 10, 2010 5:00pm Mar 10, 2010 5:00pm
Quoting malcolmb14
Before any one accuses me of not posting as eu has gone down

it is still in range . I am buying dips off 1,3550 as stated on weekend

here is daily. I somehow feel next 24 hours will be important one way or other

I showed a chart on the weekend where a 15 min with rounded bottom broke up hard to the upside. Here we have eu set up with a break out of the UTL opneing 1.3900 to 1.41000 area.

Just zooming in on daily like this there sure are longer wicks on the bottoms of the daily candles indicating buyers than there are n the tops indicating...

I fully agree that the next 24 hours will be important but price will go towards 1.32, maybe a small swing above 1.37 first, but that's it.
  • #209,397
  • Mar 10, 2010 5:03pm Mar 10, 2010 5:03pm
Quoting 2+2=4ex
It's easy though to look back and say should of sold at the high and low of this range. You never know if it's going to range for sure or when it's going to end. Everyone has been anticipating a breakout, would you go long or short? See, it's not so easy when it's looking into the future... it could continue to range.
I agree...more what I meant is for whatever reason, I'm not at my computer due to work, food, sleep when we hit...34 or 37.

I don't place many pending orders as I like to watch 15M and watch the action before...especially these last few weeks. Not a big deal to me but I would have gone short at least twice at 3700 ish had I been at my computer is all I was saying. In reality..I ended up shorting at daily pivots and got stopped out about 8 times at 15-50 pips each.
  • #209,398
  • Mar 10, 2010 5:05pm Mar 10, 2010 5:05pm
In general there are great traders on ff ... good posters and right or worng at least some put down their thoughts in a valid manner. You are one of those and definately not a muppet.

I am talking about the few that seem to love getting on me as soon as I post something.

I really like reading your posts .. always good and put together with thought and great reasoning .

These guys who want to get on others cases are getting on my nerves . They do not even post anything worth reading.

only HEY LOOK I MADE 10 PIPS ...

Quoting realjumper
Malcolm, indeed you have stated this, many times in fact. I'm not saying that you're wrong, but it doesn't matter how many dojis form on the weekly. That is just an indication of indecision because there is no confirmation either way of whether the PA will go up or down.

You seem pretty sure that it will go up, hence you are buying the dips.

I do not subscribe to the (apparently) inevitable rise in the EU, for a variety of reasons. Therefore I am selling the tops as I believe that the EU will fall.

We have opposite strategies and one of us...
Blogging daily now at www.volume.zone
  • #209,399
  • Mar 10, 2010 5:06pm Mar 10, 2010 5:06pm
Quoting malcolmb14
The way that ES has been played with last 2 days right at resistance it is going to be a fun Thursday and Friday one way or the other.

What you think a little cook of the Uemployment numbers to send the DJ to new 2010 highs ? so Sunday newspapers can be screaming bull market is back . Next week all will be running into the market to throw what money they have had on the sidelines. USD will get crushed for a couple of weeks at least any way till Spain or Ireland or some other country gin the EU gets into a mess
LoL I hope so im staying on the long side for the forseeable future!

Commodities esp oil breaking out, targeting new highs should lend a helping hand
  • #209,400
  • Mar 10, 2010 5:09pm Mar 10, 2010 5:09pm
Quoting enterfx
I fully agree that the next 24 hours will be important but price will go towards 1.32, maybe a small swing above 1.37 first, but that's it.
Post a chart please!
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