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  • #10,901
  • Mar 22, 2010 10:01pm Mar 22, 2010 10:01pm
Quoting Sinan
For those that don't know. Pro Real Time Charts is free for daily data:

http://www.prorealtime.com/en/

Its a great charting package and you just need to register. The free version is a more advanced version of the charting you get from IG Index and the FXCM Gold Account.

Thats sounds like an advert ...not trying to plug it... its just a great free resource.

Not been around much recently...will start posting again soon.
Great find. thanks,

T
T
  • #10,902
  • Mar 22, 2010 10:22pm Mar 22, 2010 10:22pm
Quoting CrudeCraig
Inverted Head and Shoulders on EJ.

I wont be trading it because its counter trend but the nature of the H&S makes me want to.

Strat and others what are your thoughts on this?
Since you mentioned SHS. The trend is...hmmm.....well.....

Throw some fibos on there and see what happens.
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  • #10,903
  • Mar 22, 2010 10:33pm Mar 22, 2010 10:33pm
Quoting Alexandra
Since you mentioned SHS. The trend is...hmmm.....well.....

Throw some fibos on there and see what happens.

lol already did but these are the type of trades that get me all confused.

It's against the immediate trend but the overall big swings sometimes line up really good and the RR looks great. Since i am unsure ill stick with one of the cross signals we got today that is with the trend.
  • #10,904
  • Mar 23, 2010 12:05am Mar 23, 2010 12:05am
Confluence- almost ideal trade.
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Annoying Precision
  • #10,905
  • Mar 23, 2010 1:00am Mar 23, 2010 1:00am
Quoting CrudeCraig
Inverted Head and Shoulders on EJ.

I wont be trading it because its counter trend but the nature of the H&S makes me want to.

Strat and others what are your thoughts on this?
Hi Craig

As I like to trade patterns, I would consider this trade, but for me the neckline would need to be taken out @ 125.00 is (also resistance), so once the right shoulder has fully formed PA should hopefully be above the 20 & 50. It could turn out a very good trade, does it fit with Strat's stress free, I'd say not. but each to their own.

Frank
  • #10,906
  • Mar 23, 2010 2:22am Mar 23, 2010 2:22am
Quoting CrudeCraig
Inverted Head and Shoulders on EJ.

I wont be trading it because its counter trend but the nature of the H&S makes me want to.

Strat and others what are your thoughts on this?
It is really CT if you watch it from Weekly/Daily. Last week was a BEEB off 130. Does your plan includes CT trades?
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #10,907
  • Edited 3:03am Mar 23, 2010 3:02am | Edited 3:03am
Thanks Alexandra, Igmal, Jideck. I dont feel the need to buy on that BUEB, it doesnt look tempting. I wouldn't feel comfortable with a trade. I need HHs & HLs.
Blackeagle was talking about the indecision bars and I was wondering if this BUEB might sugest "decision". The close was above DSRI and above S. Its under the MAs.

I've attached a picture with the TL also. The TL seems parallel with DSRI.
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  • #10,908
  • Mar 23, 2010 3:55am Mar 23, 2010 3:55am
It seems to me that GOLD might present us an opportunity on the Worker.

In a general bullish trend, the Big Boss ended with a BUEB last month. Then the Boss broke through a previous supply DSRI and start making HH and HL. Also the price seem to be above the Boss 20 EMA which was a support in the past for this pair.

On the Worker I see a Hammer at support 1100 (psycho). The hammer is above the worker DSRI. We have also fib 50% there.

Next resistance is at 1140 and the price have enough room to move.
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  • #10,909
  • Mar 23, 2010 5:21am Mar 23, 2010 5:21am
Could this be the case of "stair stepping trend" like described on post #3305.
If so, how many more impulsive waves to come?

Rubens
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  • #10,910
  • Mar 23, 2010 9:20am Mar 23, 2010 9:20am
Quoting hcristea
It seems to me that GOLD might present us an opportunity on the Worker.

In a general bullish trend, the Big Boss ended with a BUEB last month. Then the Boss broke through a previous supply DSRI and start making HH and HL. Also the price seem to be above the Boss 20 EMA which was a support in the past for this pair.

On the Worker I see a Hammer at support 1100 (psycho). The hammer is above the worker DSRI. We have also fib 50% there.

Next resistance is at 1140 and the price have enough room to move.
Hi,

When it comes to Gold I see it rather like this... IMHO stronger support is around 1072 and the trend line shows that the Almighty Price may test this level. It would give us also a healthy abc.
Maybe some good candle formation will give us signal in this area.

By the way, thank you Strat for this thread... it is so peaceful after my journey with lower timeframe hassle...

Cheers,
Baniu
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #10,911
  • Mar 23, 2010 9:25am Mar 23, 2010 9:25am
Quoting Baniu
Hi,

When it comes to Gold I see it rather like this... IMHO stronger support is around 1072 and the trend line shows that the Almighty Price may test this level. It would give us also a healthy abc.
Maybe some good candle formation will give us signal in this area.

By the way, thank you Strat for this thread... it is so peaceful after my journey with lower timeframe hassle...

Cheers,
Baniu
1072-1073 is also a good place for the price to retrace. Maybe the price will reach that level and there we'll have a proper PA to enter long.
  • #10,912
  • Mar 23, 2010 3:04pm Mar 23, 2010 3:04pm
I have been lurking for days trying to read this thread but my brain is fried. I am looking for a post that was posted by another trader in here, it was like a table of content of all the important posts. I can't find it anywhere now, please help.
  • #10,913
  • Mar 23, 2010 3:23pm Mar 23, 2010 3:23pm
[quote=jayph;3577572]I have been lurking for days trying to read this thread but my brain is fried. I am looking for a post that was posted

Welcome jayph,

There is an index link on the very first page that should help. Take your time as there is a lot of material here and it can take years to absorb!


Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #10,914
  • Mar 23, 2010 5:01pm Mar 23, 2010 5:01pm
You cant replace reading the whole thread, I'm in the same boat as you. This and jacko's thread have all the information you need to become a successful trader so consider these 2 threads your bachelors, masters and phd.

Considering that would be at least 10 years of schooling I'd say we got off pretty easy...

Quoting jayph
I have been lurking for days trying to read this thread but my brain is fried. I am looking for a post that was posted by another trader in here, it was like a table of content of all the important posts. I can't find it anywhere now, please help.
Annoying Precision
  • #10,915
  • Mar 23, 2010 6:11pm Mar 23, 2010 6:11pm
Seems like a favorable entry. Any thoughts?
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Annoying Precision
  • #10,916
  • Mar 23, 2010 8:01pm Mar 23, 2010 8:01pm
Quoting erikte279
Seems like a favorable entry. Any thoughts?
What do you think about 3/19 daily bar at NY close?
  • #10,917
  • Mar 23, 2010 8:06pm Mar 23, 2010 8:06pm
Quoting hcristea
Thanks Alexandra, Igmal, Jideck. I dont feel the need to buy on that BUEB, it doesnt look tempting. I wouldn't feel comfortable with a trade. I need HHs & HLs.
Blackeagle was talking about the indecision bars and I was wondering if this BUEB might sugest "decision". The close was above DSRI and above S. Its under the MAs.

I've attached a picture with the TL also. The TL seems parallel with DSRI.
Last two weekly bars as well as the current one shows perfect indecision. You may expect some resolution after this week as explained by Nicola previously re. repatriation flows.
  • #10,918
  • Mar 23, 2010 8:12pm Mar 23, 2010 8:12pm
Seems like the sellers are in charge now hopefully cause im short as of now. anyone else seein'/playin this? strat?

Sorry no chart but you can pull it it up. im seein S around the 1.0000 area but time will tell.

Thoughts?

Magellan
Around the world in 80 pips....
  • #10,919
  • Mar 23, 2010 8:36pm Mar 23, 2010 8:36pm
That was actually my long entry at the daily close (8pmest) with 1.0225 being profit target (hit).

Quoting Blackeagle
What do you think about 3/19 daily bar at NY close?
Annoying Precision
  • #10,920
  • Edited 9:07pm Mar 23, 2010 8:47pm | Edited 9:07pm
what caused you to enter there? was that a scalpish trade? was price that high at 8est? im seein bearish sentiment in the next few days. im practicing scalping the 5 sec(i know, unorthodox for this thread, but to each his own. i need more cap!)

and, hcristea, im watchin that too and waitin for that triangle to POP!

EDIT: sorry erikte, i must have scrolled past ur post about the USDCAD( im not that interweb savvy)
Around the world in 80 pips....
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