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  • #222,681
  • Apr 8, 2010 11:00pm Apr 8, 2010 11:00pm
Quoting gatorinla
its big to me also.. 3402 is mid (marked c) to 1.0770 (target).. its normal to go above it many times.. bigger chart such as white line usauly get less respect then the ones we currently are on.. we are on the blue line path.. green is getting stronger followed by white... 3447 as well as 3566 will be tough... i doubt we get there..unless some news puts us there.. the natural flow of numbers wont do it..
same chart with tl... blue is the top of the daily to other h point..

pink is a clone off blue.. i put it where it fit the 2 points above the current level.. ignore yellow. anyway look at current reaction to the pink.. just another look
time will tell
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those who can, do. those who cant, talk about those who can
  • #222,682
  • Apr 8, 2010 11:01pm Apr 8, 2010 11:01pm
Quoting gatorinla
its big to me also.. 3402 is mid (marked c) to 1.0770 (target).. its normal to go above it many times.. bigger chart such as white line usauly get less respect then the ones we currently are on.. we are on the blue line path.. green is getting stronger followed by white... 3447 as well as 3566 will be tough... i doubt we get there..unless some news puts us there.. the natural flow of numbers wont do it..
3402 is just a few pips away. the usual gap over the coming weekend wouldn't validly breach it, would it?
  • #222,683
  • Apr 8, 2010 11:02pm Apr 8, 2010 11:02pm
Quoting 5abi
Interesting, never thought about it that way, Mr. BigWalkingPimple

btw, why do you think I dont trade with a real borker, just curious...
I have ignored his comment already. I presented a challenge to his claim and not only did he give a crappy answer, I felt a whiff of arrogance in his posts.

Even someone like sky still gives some good arguments at times.
  • #222,684
  • Apr 8, 2010 11:06pm Apr 8, 2010 11:06pm
Quoting Mr Hatch
3402 is just a few pips away. the usual gap over the coming weekend wouldn't validly breach it, would it?
yes it is...so the closer you get to it the better r/r no matter if your a bull or bear.. you can limit loss by putting it to your back with sl on the other side. gaps can work either way.. im not a gap believer
those who can, do. those who cant, talk about those who can
  • #222,685
  • Apr 8, 2010 11:09pm Apr 8, 2010 11:09pm
Quoting IMARICH1
Gator,

First i would like to again express my thanks for explaining how to get a mid.......or something close to it....however, since it was hit and price dropped below it....I figured we were looking for 3324; but, you mention 3402 now....is this because we can bounce a few times off this mid? Didnt think we would go that high since we already hit the mid and bounced a little....

Thanks
3324 is st... just a move in a move in many moves..

you got a hs on the 30 posibility atm
those who can, do. those who cant, talk about those who can
  • #222,686
  • Apr 8, 2010 11:21pm Apr 8, 2010 11:21pm
Morning to all , so price not goes much over 1.3379 . anyway just seeing the chart , this pattern may break down (at 1.3353 to confirm at 41+37 to 1.3302 to low) into a sky falling effects .anyway wacthing if actually happen.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #222,687
  • Apr 8, 2010 11:24pm Apr 8, 2010 11:24pm
guys is there a free mt4 demo account that i can get crude/dx/gold etc? Thanks
  • #222,688
  • Apr 8, 2010 11:36pm Apr 8, 2010 11:36pm
good morning everyone,

looks like you had a night troll here in the forum.

Lets get back to trading... have a nice "fu" formation or H&S which are the same3375-3384 resistance and 3345 support 3 tl's converging soon so a break and big move expected. We finally got our retrace and should continue down. Not sure if it was AK yesterday but hence to weekend book squaring the continuation of the trend could be paused either way I only aim for 9-10pips today thats all I need for my weekly target.

Good trading folks,
T.Cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,689
  • Apr 8, 2010 11:50pm Apr 8, 2010 11:50pm
Geezzzz....woke up to an 8 pip BB squeeze on the 5M....good gawd they're squeezing the life out of EU tonight.
  • #222,690
  • Apr 8, 2010 11:53pm Apr 8, 2010 11:53pm
Quoting PriceVolume
I think you might have dodged a bullet hatch...not out of the woods yet, though. If we get back to your entry.....I wouldn't let it come back on you, at least without reducing your position to something more managable. But that's me....

phew... dodged the bullet.
  • #222,691
  • Apr 8, 2010 11:54pm Apr 8, 2010 11:54pm
Quoting Mr Hatch
phew... dodged the bullet.
Yeah? I thought your entry was down at 3300? Average down from the spike?
  • #222,692
  • Apr 8, 2010 11:59pm Apr 8, 2010 11:59pm
Quoting PriceVolume
Yeah? I thought your entry was down at 3300? Average down from the spike?
yes, like hell. i tightened the sl now and will continue to do so until we arrive at dp. then again i take a look at pa, but for the position in question, i'm positive right now. nevertheless i need to take my homework much more seriously.
  • #222,693
  • Apr 8, 2010 11:59pm Apr 8, 2010 11:59pm
EURO-DOLLAR: Euro-dollar meanwhile started the day on a slightly more
positive note, as it broke out of an initial $1.3355/62 range, carried
higher by euro-yen's early uptick, and aided by stop-loss buy orders
when $1.3375 gave way. Euro-dollar's gains fizzled out after it failed
to make a decisive break through $1.3385 (high so far $1.3384), running
into reserve manager offers, despite initial speculation that
excessively short market positions would be covered ahead of the
weekend. The pair then retraced back to the opening levels amid talk of
large offers above $1.3380, although there us also talk of stops above
$1.3410 with larger stops over $1.3450

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,694
  • Apr 9, 2010 12:01am Apr 9, 2010 12:01am
Quoting Mr Hatch
yes, like hell. i tightened the sl now and will continue to do so until we arrive at dp. then again i take a look at pa, but for the position in question, i'm positive right now. nevertheless i need to take my homework much more seriously.
Excellent! Yeah, never risk so much that a loss will make your ass hurt - good rule of thumb. The market does not provide lube. Bare in mind that averaging down can also be risky.....it got you out this time, but might not work so well next time...food for thought.
  • #222,695
  • Apr 9, 2010 12:08am Apr 9, 2010 12:08am
Hey all, does anyone have any figures of average monthly personal income generated by forex trading?
  • #222,696
  • Apr 9, 2010 12:08am Apr 9, 2010 12:08am
So it starts bo ,41/37 to confirm now if hold.minor support below may 1.3330 before 1.3302. If bounce from any level next try may from 1.3371 & again if fail then break up to 1.34 & 1.3439 .les see where it want go.
fontu
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  • #222,697
  • Apr 9, 2010 12:10am Apr 9, 2010 12:10am
and up we go!
  • #222,698
  • Apr 9, 2010 12:11am Apr 9, 2010 12:11am
Quoting fontu
So it starts bo ,41/37 to confirm now if hold.
fontu
yes I am getting ready for the same thing 3300 is possible
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,699
  • Apr 9, 2010 12:12am Apr 9, 2010 12:12am
MNI EURO-DOLLAR TECHS: Backs Away From 21-DMA, Channel Top
RES 4: $1.3760 Current top of Bollinger band
RES 3: $1.3640 55-day moving average
RES 2: $1.3591 High 1 Apr
RES 1: $1.3507/11 21-day moving average, Channel top 3 Dec
CURRENT LEVEL: $1.3355
SUP 1: $1.3270 Low 25 Mar
SUP 2: $1.3246/50 Low 6 May, 50% projection level
SUP 3: $1.3220 Current base of the daily Bollinger band
SUP 4: $1.3122 61.8% projection level
COMMENTARY: Euro bounce is running out of steam as the 10-day momentum
study remains below the zero line and the recovery moves away from the
21-day moving average and channel top at $1.3507/11. Initial resistance
is the 5-DMA at $1.3385.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #222,700
  • Apr 9, 2010 12:13am Apr 9, 2010 12:13am
Quoting fontu
So it starts bo ,41/37 to confirm now if hold.
fontu
I'm watching that too. I'd like to see the former consolidation bottom at 3340 breached. I see a weak trendline around there, too.
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