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  • #209,401
  • Mar 10, 2010 5:15pm Mar 10, 2010 5:15pm
a sell at .13650 tp 1.3550 seems like a pretty sure thing
  • #209,402
  • Mar 10, 2010 5:15pm Mar 10, 2010 5:15pm
Guys what do you think about this.. I will buy that thing and check it out.

You then have a little EU chart always with you right in your left eye. I hope then I will not have to worry about missing a double T/B or Divergence, without sitting on my a** anymore

CHEERS
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Follow the Trend, thats all
  • #209,403
  • Mar 10, 2010 5:15pm Mar 10, 2010 5:15pm
Quoting uraceulose
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.
Okay Donnie. That was the past anyways. Let's get in position to make some pips now for the future! Let's make some muthaf%*#n pips!! Please excuse my over enthusiasm.
  • #209,404
  • Mar 10, 2010 5:15pm Mar 10, 2010 5:15pm
Its ok, you can make money either way....buying the dips or buying the tops....both can win based on position size...

Quoting malcolmb14
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 ...
In Charts We Trust!
  • #209,405
  • Mar 10, 2010 5:16pm Mar 10, 2010 5:16pm
Quoting malcolmb14
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 ...
Okay...I understand where you're coming from now. Some of those irritating posts you speak of come from (I think) very, very new traders who, at first glance, think that FX is a money printing machine!! When they make 10 pips they have printed money and they are ecstatic about it. I understand that.....I was one of them too.

One of two things will happen to those guys, either they will blow their accounts in a few days/weeks and will never return....or they will feel the 'penny drop' and realise that this is much more complex that they first thought. When they get to that stage, they will tone down their act and realise that we don't really care about how many pips they made today, but we do care to learn how they are doing it. Obviously we all want to learn before the trade is executed because stating it after the fact is just bollocks!!!

I have been through all the stages (and more) that I speak of. Now I understand this business a little better and if I make pips, fine. If I lose pips, it ain't no biggie. It's a job (I have a full time job too though), but it's just a job. I don't leap around when I get paid at work...nor do I leap around when I make profit with FX.

Thanks for your nice comments to me...I understand what you're saying...just gotta cut these guys a bit of slack. If they are rude to you though, well, that's a different story and the iggy list sorts them out!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #209,406
  • Mar 10, 2010 5:17pm Mar 10, 2010 5:17pm
Quoting pauly
Guys what do you think about this.. I will buy that thing and check it out.

You then have a little EU chart always with you right in your left eye. I hope then I will not have to worry about missing a double T/B or Divergence, without sitting on my a** anymore

CHEERS
I wonder how many girls I can pick up wearing these
  • #209,407
  • Mar 10, 2010 5:18pm Mar 10, 2010 5:18pm
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.
This chart will portray price action for the past 4 or 5 weeks on the hourly timeframe. Note the high of the range and also the low, but most importantly the mid level of this range. While the high and low were tested only a few times each, that midlevel has been tested a gazillion times. Also note that during the first 1/3rd of the ranging period the bulls were mostly in control (pa would not go below the midlevel) while afterward the bulls where mostly in control. Any recent peak back into bullish territory, failed and retreated back down.

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Now the question at hand is, how do you trade this while pa is LIVE. There is really only one way in my opinion. Each move up or down overall create waves similar to what you would see on a heart rate machine in a hospital. Each half of a wave is a, you guessed it, channel. Determine the channel for that particular wave, you will have a pretty good idea when that channel either peaks or dips. Candlestick pattern knowledge is also useful in this, as well as paying attention to what time of day it is. When you see one of those channels spike up or down irregularly (remember the heartbeat monitor), you know that particular channel is coming either to an end or a breakout of the range attempt will occur, these are highly volatile times however.

If pa within a range does the SAME THING 9 times (aka channels that get broken in the opposite direction continuously)....do you not trade because the tenth time will be a breakout? Miss 9 opportunities to make good money for the fear of loss on one trade? That seems to me is the problem at hand here.



If I wasnt already short in Eur/Jpy , I would short right here and now on the Eur/Usd given my previous analysis.
Different opinions highly valued, ignorant to slander.
  • #209,408
  • Mar 10, 2010 5:20pm Mar 10, 2010 5:20pm
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.
really interesting and crazy daily candle on gold today .

Not sure on what it means yet . It could indicate that DJ breaks out as often gold has been bought in uncertain times in the market and if gold drops does this mean that traders are happier about market conditions ?

ES has been acting completely nuts last couple of days and was in an 8 point range most of the day today between 1148 and 1140 . I think that the news later in the week will have more of a deciding factor on US markets

Theri is definate major indecision in the market providing great day traidng oppertunities , but tough for any position traders out there.
Blogging daily now at www.volume.zone
  • #209,409
  • Mar 10, 2010 5:29pm Mar 10, 2010 5:29pm
I have changed my bias from short to long. I'm a swing trader so mind you, it takes me a while to get switched over, but there's way too much evidence that it's going to go up before it goes down now.
Every time you use 'hopium' in a post, God kills a kitten.
  • #209,410
  • Mar 10, 2010 5:30pm Mar 10, 2010 5:30pm
Nice simple chart to look at
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  • #209,411
  • Mar 10, 2010 5:30pm Mar 10, 2010 5:30pm
Quoting 2+2=4ex
I wonder how many girls I can pick up wearing these
I'm guessing none. None that you'd want to take home anyways
Every time you use 'hopium' in a post, God kills a kitten.
  • #209,412
  • Mar 10, 2010 5:31pm Mar 10, 2010 5:31pm
On Daily, EU usually likes to retrace to the 40 EMA, which is around 3800, and getting lower everyday. With the price action, range trading seems easier. It's also capped in a downtrend Feb/March TL, and the 20 EMA could also cap it as well..... In recent time, looks posed to test 3550

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  • #209,413
  • Mar 10, 2010 5:33pm Mar 10, 2010 5:33pm
Quoting Clouds
a sell at .13650 tp 1.3550 seems like a pretty sure thing
Unless it breaks to the upside! Either way I hope we have direction soon. If we can make newer lows i'll forget about a retracement back to 13850 and up. Maybe the Aussie news will push this pair one way or another tonight?
Former Trader Of the Year of the 95% losing club! Retired
  • #209,414
  • Mar 10, 2010 5:36pm Mar 10, 2010 5:36pm
last post. An elaboration of my previous post. So within the bigger range, recently we have begun to narrow down the range even more within a wedge. The trendlines have been clearly established and the current "channel" seems to have topped out at the upper end of that wedge. Path of least resistance has switched back to the downside with the lower end of the wedge in sight. Simple logic, execution and stop loss no?

One should not have fear of playing a range for the fear of breakout, if that range has been in place for more then a few days. One loss is ok. Time lost is never ok.

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Different opinions highly valued, ignorant to slander.
  • #209,415
  • Mar 10, 2010 5:36pm Mar 10, 2010 5:36pm
They are looking forward to have a meeting.

http://www.forexfactory.com/showpost...&postcount=161
  • #209,416
  • Mar 10, 2010 5:40pm Mar 10, 2010 5:40pm
Quoting Rgali1
Unless it breaks to the upside! Either way I hope we have direction soon. If we can make newer lows i'll forget about a retracement back to 13850 and up. Maybe the Aussie news will push this pair one way or another tonight?
Unlikely, but possible. I also am looking for it to be capped at 3800.
  • #209,417
  • Mar 10, 2010 5:43pm Mar 10, 2010 5:43pm
This is an 8H chart.....it's only a small chart because I'm at work....not that you'd notice though...lol....

Anyway, 3700 seems to be less and less likely as the hours tick on past, and that's another reason why I sell the tops. Even if it breaks this TL, I still want to see 3838 before I reconsider my strategy...3838 being the beginning of the upper TL.
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #209,418
  • Mar 10, 2010 5:45pm Mar 10, 2010 5:45pm
Quoting malcolmb14
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.
.
Malcolmb thanks because of our conversation on weekend i bought euro today @ 1.3550, that was a good trade. indeed it seems that it is very hard to break downside on this pair
  • #209,419
  • Mar 10, 2010 5:45pm Mar 10, 2010 5:45pm
beware of china tonight. check out the daily aud. sure its still gotta close. the pairs always equalise before a major move. this is rare. i see lots of reasons to go long. i also see another that seldom happens to go south..this pair goes where commodities goes. it has little steering. i mentioned some levels on the kiwi a few weeks back the aud doing what it did today. will show the light. one way or the other. they did it in 2008 and just completed it recently..for this move.. they lined up in 2008 and in the summer of 2009.. and they are lining up now.
good luck
those who can, do. those who cant, talk about those who can
  • #209,420
  • Mar 10, 2010 5:47pm Mar 10, 2010 5:47pm
First, the daily is just about to complete its full channel. Second chart is H4 showing sell/top points.


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