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  • #222,561
  • Apr 8, 2010 5:03pm Apr 8, 2010 5:03pm
When everyone is unanimous on "go short" maybe is time for looking for some longs.

If we look at the week chart is a pretty sharp fall from the end of november to here. And we are lying on a strong LT that started in the climax of the crisis.

I'm not saying that the trend has changed. Just that is not that crazy to assume that we can get a decent retracement from here.

Anyway this is just IMHO...
  • #222,562
  • Apr 8, 2010 5:03pm Apr 8, 2010 5:03pm
Pivots from 5pm EST (HLC data included)... circled area show previous days price congestion relative to todays levels. Aqua lines are QP's.

Price memory works... whether we understand it or not.

Attached Image
FUBAR...
  • #222,563
  • Apr 8, 2010 5:09pm Apr 8, 2010 5:09pm
Quoting ak4x
Pivots from 5pm EST (HLC data included)... circled area show previous days price congestion relative to todays levels. Aqua lines are QP's.

Price memory works... whether we understand it or not.

Attachment

Thank you Ak4x, for your pivots I have a screen shot of them.. What times do you and acumen usually trade here.. Do you trade the London or just the NY. Well gonna take a nap,, talk to ya later
  • #222,564
  • Apr 8, 2010 5:10pm Apr 8, 2010 5:10pm
AK- by price memory you are basically refferin to s/r right-
  • #222,565
  • Apr 8, 2010 5:11pm Apr 8, 2010 5:11pm
Quoting ak4x
Pivots from 5pm EST (HLC data included)... circled area show previous days price congestion relative to todays levels. Aqua lines are QP's.

Price memory works... whether we understand it or not.
Thanks
Doing what you like is Freedom. Liking what you do is Happiness.
  • #222,566
  • Apr 8, 2010 5:22pm Apr 8, 2010 5:22pm
Quoting ak4x
I think mikey trades NY and has a Life or whatever passes for one in his world ()

I trade asia, early FoLo if I'm up and early NY of I'm not busy, but I have been hooked up lately with some other stuff while the markets wander... I wait for moves now mostly.

I usta have a life, Forex Factory took it all away and left me with nuthin but you guys...
Cool. Talk to ya then.. I have no life either I usually get started a few hours before NY open...
  • #222,567
  • Apr 8, 2010 5:30pm Apr 8, 2010 5:30pm
Quoting Msa
When everyone is unanimous on "go short" maybe is time for looking for some longs.

If we look at the week chart is a pretty sharp fall from the end of november to here. And we are lying on a strong LT that started in the climax of the crisis.

I'm not saying that the trend has changed. Just that is not that crazy to assume that we can get a decent retracement from here.

Anyway this is just IMHO...
I second that...
エンジョイライフ！
  • #222,568
  • Apr 8, 2010 5:32pm Apr 8, 2010 5:32pm
Quoting TheLastCoke
It is a 530 pip pole, it can take us way beyond those levels. #456. I'll be shorting at neck line (.3290-.3300) with a tight SL, I don't think it will break it in the first try.


I've been Short EURUSD since 1.3525...

Now I closed at 1,3300. Wanted to be in that retrace during night, but it did not hit my 1.3280 Long Entry Pending Order.

I have new short at 1.3320 Short....looking a penis position.


What's up ?

if you have messenger discusse strategies. [email protected] et [email protected]
  • #222,569
  • Apr 8, 2010 5:38pm Apr 8, 2010 5:38pm
Quoting DestinDude
AK- by price memory you are basically refferin to s/r right-
Yeah you could say it's simple S/R but with a "past" or history that you can peer into. That's basically what the Psych levels are... the changing dynamic levels due to previous pivots or whatever may act the same but won't be static like a xx20, xx50, xx80 or xx00 level. When those converge with previous or current pivot levels you've got an amplified action goin on... watch it.

Seriously, if you plot pivots or fibs or even if you don't, you'll find price attracted to certain areas over and over and frequently displaying the same behavior. I usually just watch the previous couple days key levels of congestion relative to past pivots for clues to todays PA... it's not rocket science and it's not exact, think of of as a zone.

I can get previous pivots for the last 30 days with a couple mouse clicks... there's stuff goin on there sometimes. Last weeks Daily pivot might be yesterday's S2 and todays R1 and if it stalled or bounced each time in the past.... then I'm extra alert today for the same behavior. It's Work... it's subjective and that's all I'm gonna say about it right now.

people do the same thing when they get into familiar places, they tend to act the same way every time they go to the pub, but when they go to church they act different. you can watch that and forecast what Clyde will do in each place... simply by knowing where he is.

do the same with price and learn something from it. yesterday it hung a'rd those levels for whatever reasons... I don't care. It'll maybe do the same thing again today or next year...

sorry for the book, it was simple question i know.
FUBAR...
  • #222,570
  • Apr 8, 2010 5:47pm Apr 8, 2010 5:47pm
Quoting ak4x
Yeah you could say it's simple S/R but with a "past" or history that you can peer into. That's basically what the Psych levels are... the changing dynamic levels due to previous pivots or whatever may act the same but won't be static like a xx20, xx50, xx80 or xx00 level. When those converge with previous or current pivot levels you've got an amplified action goin on... watch it.

Seriously, if you plot pivots or fibs or even if you don't, you'll find price attracted to certain areas over and over and frequently displaying the same behavior....
Gee...I wonder what happened last time on high timeframes when we were at these price levels in a downtrend.....LOL
  • #222,571
  • Apr 8, 2010 5:50pm Apr 8, 2010 5:50pm
Quoting ak4x
Yeah you could say it's simple S/R but with a "past" or history that you can peer into. That's basically what the Psych levels are... the changing dynamic levels due to previous pivots or whatever may act the same but won't be static like a xx20, xx50, xx80 or xx00 level. When those converge with previous or current pivot levels you've got an amplified action goin on... watch it.

Seriously, if you plot pivots or fibs or even if you don't, you'll find price attracted to certain areas over and over and frequently displaying the same behavior....
That's a great perspective and explanation.

Thanks ak4x.
  • #222,572
  • Apr 8, 2010 5:52pm Apr 8, 2010 5:52pm
Quoting ak4x
Yeah you could say it's simple S/R but with a "past" or history that you can peer into. That's basically what the Psych levels are... the changing dynamic levels due to previous pivots or whatever may act the same but won't be static like a xx20, xx50, xx80 or xx00 level. When those converge with previous or current pivot levels you've got an amplified action goin on... watch it.

Seriously, if you plot pivots or fibs or even if you don't, you'll find price attracted to certain areas over and over and frequently displaying the same behavior....
  • #222,573
  • Apr 8, 2010 6:05pm Apr 8, 2010 6:05pm
if you're bored while waiting or done analysing stuff, i recommend a round of plants vs. zombies. pretty fun.
  • #222,574
  • Apr 8, 2010 6:15pm Apr 8, 2010 6:15pm
Does this look like a cup to anybody else or did I drink too much coffee today?
Attached Image
Sometimes I lose. Sometimes the others win.
  • #222,575
  • Apr 8, 2010 6:19pm Apr 8, 2010 6:19pm
Morning guys. Woke up and saw that I didn't give back all my profits that I made this week. Back to sleep lol. Beware bernie's speech in an hour or so.
  • #222,576
  • Apr 8, 2010 6:22pm Apr 8, 2010 6:22pm
Quoting Mr Hatch
if you're bored while waiting or done analysing stuff, i recommend a round of plants vs. zombies. pretty fun.
I only play "ride the forex". And I that game!

Oops. SL set to b/e +1 (see that sky?).
Sometimes I lose. Sometimes the others win.
  • #222,577
  • Apr 8, 2010 6:27pm Apr 8, 2010 6:27pm
Ohhh, no, please..

Anyways.. Buy when everyone sells and vise versa seems to be

working better than "FIBs" or whatever.. Buy low, Sell High..

Now wait till 1.36, to sell...
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #222,578
  • Apr 8, 2010 6:33pm Apr 8, 2010 6:33pm
Quoting SkyzerFX

Buy when everyone sells and vise versa seems to be

working better than "FIBs" or whatever..
Todays great tip

  • #222,579
  • Apr 8, 2010 6:33pm Apr 8, 2010 6:33pm
Quoting SkyzerFX
Ohhh, no, please..

Anyways.. Buy when everyone sells and vise versa seems to be

working better than "FIBs" or whatever.. Buy low, Sell High..

Now wait till 1.36, to sell...
Well, I just meant that +1. For vodka and bear.

I sometimes buy when I would sell and I sell when I would buy. That is often a winner. Seriously. If the club would do that also, there would not be 95% losers.

I see some ppl rushing. Changing there sl to collect more loss.
Sometimes I lose. Sometimes the others win.
  • #222,580
  • Apr 8, 2010 6:36pm Apr 8, 2010 6:36pm
Quoting SkyzerFX
Ohhh, no, please..

Anyways.. Buy when everyone sells and vise versa seems to be

working better than "FIBs" or whatever.. Buy low, Sell High..

Now wait till 1.36, to sell...
What are you babbling about now? This hasn't even reached the 38 fib of previous. And it's below the weekly R1 and Pivot. Heck, at the moment, it's under the daily S1. So you're so positive you'll see 3600....why?
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