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  • #227,201
  • Apr 16, 2010 2:43pm Apr 16, 2010 2:43pm
Quoting nvcK
yes, but a standard 200 pip candle either way is even more possible! and you can even guess which way it will be if you watch carefully. think about all the very possible 500 pip drops that never happened.

If you study your charts, you will see we have had several 500 pip drops in the past 4 months.
  • #227,202
  • Apr 16, 2010 2:53pm Apr 16, 2010 2:53pm
personal friend of mine made a clip about price projections and he's very succesfull at it for years now, so might help someone ..

here it is :http://forexpipjunky.com/wp-content/...INAL-FINAL.mp4
  • #227,203
  • Apr 16, 2010 2:56pm Apr 16, 2010 2:56pm
Quoting OrJ
As per my opinion FIBs work in a trending market... Here is no trend
your opinion is utterly wrong and you will be very surprised, how long fibs can hold their power.
  • #227,204
  • Apr 16, 2010 2:58pm Apr 16, 2010 2:58pm
Quoting Mr Hatch
your opinion is utterly wrong and you will be very surprised, how long fibs can hold their power.
good thing it was only HIS opinion !
hang on to your bread......unless you want toast
  • #227,205
  • Apr 16, 2010 2:58pm Apr 16, 2010 2:58pm
Dow ran into 200 weekly average & pulled back. So far this is all worth paying attention to IMO. It stopped right on daily rising trend line which leads me to believe that a big effort was made to hold panic sell off. Normally equity don't just fall of a cliff, it takes some time. IMO it's prudent to wait & see what's next. I don't see Euro selling off come Monday morning, it would have happened today if it was meant to be. But of course something may happen over the weekend to change it.

Quoting malcolmb14
I would like to please get your opinion on todays action in the markets.

GS dropped 15% . Do you think they will buy into the weakness and just drive the markest higher.

I hope this is the catalyst for dj dropping it has not had a decent reatrce in weeks.

On es I will be watching the 1200 level next week for a test and failure.

GU eu and gj weekly all ended on dojis .. not even enough strength for follow thru of the gap.

They must have known GS news was coming held it up most of week. It was not till yesterday I saw that...
Prices oscillate, trends persist. Trend is your friend.
  • #227,206
  • Apr 16, 2010 3:03pm Apr 16, 2010 3:03pm
Quoting jsspmk
Dow ran into 200 weekly average & pulled back. So far this is all worth paying attention to IMO. It stopped right on daily rising trend line which leads me to believe that a big effort was made to hold panic sell off. Normally equity don't just fall of a cliff, it takes some time. IMO it's prudent to wait & see what's next. I don't see Euro selling off come Monday morning, it would have happened today if it was meant to be. But of course something may happen over the weekend to change it.
LOL. They sold the Euro, took some profit, and bounced for the weekend...early as usual. We'll have to wait to see if the ledge on the 1H and the one on the 4H play out. Given the very good chance of at least a partial Greece default....gravity's going to kick in...add in what Gator's seeing on the commodity pairs.....ouch...NOTE: I'm not saying to short at open....as always let PA be your guide...
  • #227,207
  • Apr 16, 2010 3:06pm Apr 16, 2010 3:06pm
Quoting jsspmk
Dow ran into 200 weekly average & pulled back. So far this is all worth paying attention to IMO. It stopped right on daily rising trend line which leads me to believe that a big effort was made to hold panic sell off. Normally equity don't just fall of a cliff, it takes some time. IMO it's prudent to wait & see what's next. I don't see Euro selling off come Monday morning, it would have happened today if it was meant to be. But of course something may happen over the weekend to change it.
the divergence between gbpusd and eurusd worries me. there seems to be a plenty of short eu long gu hedged carry traders ever since the big dip and subsequent double bottom on gu. we may have to wait with more downside until British elections. but hell what do i know ima m15 daytrader the less i worry about this the more pips i tend to make
  • #227,208
  • Apr 16, 2010 3:10pm Apr 16, 2010 3:10pm
Quoting enterfx
If you study your charts, you will see we have had several 500 pip drops in the past 4 months.

Here's a few. Also interesting to see how the waves and bricks unfold and how to possibly plan your stops and entries for LT positions.
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  • #227,209
  • Apr 16, 2010 3:10pm Apr 16, 2010 3:10pm
Quoting jsspmk
Dow ran into 200 weekly average & pulled back. So far this is all worth paying attention to IMO. It stopped right on daily rising trend line which leads me to believe that a big effort was made to hold panic sell off. Normally equity don't just fall of a cliff, it takes some time. IMO it's prudent to wait & see what's next. I don't see Euro selling off come Monday morning, it would have happened today if it was meant to be. But of course something may happen over the weekend to change it.
I find it odd dj tested 11000 and gu and eu had UNDER their daily atr21.
Blogging daily now at www.volume.zone
  • #227,210
  • Apr 16, 2010 3:12pm Apr 16, 2010 3:12pm
hi guys..may i know what the reading is for eu now..thank u.
I'm learning to trust my own charts..
  • #227,211
  • Apr 16, 2010 3:13pm Apr 16, 2010 3:13pm
Quoting Anis
hi guys..may i know what the reading is for eu now..thank u.
What, you're stopping in for your daily report? What's your analysis?
  • #227,212
  • Apr 16, 2010 3:17pm Apr 16, 2010 3:17pm
Quoting PriceVolume
What, you're stopping in for your daily report? What's your analysis?
no..my platform is already closed for trade..market close..
I'm learning to trust my own charts..
  • #227,213
  • Apr 16, 2010 3:26pm Apr 16, 2010 3:26pm
Quoting PriceVolume
What, you're stopping in for your daily report? What's your analysis?
LOL
  • #227,214
  • Apr 16, 2010 3:29pm Apr 16, 2010 3:29pm
i mean the price reading for eu coz my platform last showed 3507..i think we're still in bearish trend by looking at the longer tf..hope we don't get anymore BIG gap when the market opens on monday..
I'm learning to trust my own charts..
  • #227,215
  • Apr 16, 2010 3:34pm Apr 16, 2010 3:34pm
over the weekend, lets say there is a gap down, will my stop loss be hit where i put it, or close when brokers reopen on sunday?also is there a possibility of hitting stop loss eventhough we open we bull gap?
the reason i m asking coz i want to move sl to min b4 markets close, so that any bear gap will stop me straight away and take profits...
  • #227,216
  • Apr 16, 2010 3:37pm Apr 16, 2010 3:37pm
Quoting iefke
personal friend of mine made a clip about price projections and he's very succesfull at it for years now, so might help someone ..

here it is :http://forexpipjunky.com/wp-content/...INAL-FINAL.mp4
Thanks for sharing that
  • #227,217
  • Apr 16, 2010 3:38pm Apr 16, 2010 3:38pm
Quoting malcolmb14
lol love it

In fact gu looks like a bear flag on daily if 1.5380 has a dialy close under it

Yes, it was a correctional flag. GU is now piercing the tl! and on a friday 30 min before close. Will sell the pullback hopefully monday. Lets see.


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  • #227,218
  • Apr 16, 2010 3:45pm Apr 16, 2010 3:45pm
Quoting ledobedo
over the weekend, lets say there is a gap down, will my stop loss be hit where i put it, or close when brokers reopen on sunday?..
Come on!! Does ANYBODY read their borker agreements before handing over and trading thie funds??

FACT: No one here can answer that question as accurately as YOU reading your own borker contract can... borker policies vary but I'd wager that if you're talking Live Coin, you'll get the "next available price" and if it's a big gap, it can Make or Break an account in a heartbeat depending on your order specifics and MM...

Alternatively, take your best shot, see what happens and then come back and let us know if you're still in the Game or hit the Jackpot...

BTW... just saw your little username member blurb thingy about "not trading FF opinions..."... a good reason to read your own contract and not ask the room..
FUBAR...
  • #227,219
  • Apr 16, 2010 3:52pm Apr 16, 2010 3:52pm
Quoting ak4x
Come on!! Does ANYBODY read their borker agreements before handing over and trading thie funds??

FACT: No one here can answer that question as accurately as YOU reading your own borker contract can... borker policies vary but I'd wager that if you're talking Live Coin, you'll get the "next available price" and if it's a big gap,bit can Make or Break an account in a heartbeat depending on your order specifics and MM...

Alternatively, take your best shot, see what happens and then come back and let us know if you're still in...
ya thats why i asked..and noi only read the first two pages...well i can either play it safe close two euro trades for 40 pip combined or play the devils game...i have very bad mm, but i manage with tight stops...if the next available price is true then its a no brainer..i might keep my eurgbp long, close the eurusd...i have 9 minutes to decide
  • #227,220
  • Apr 16, 2010 3:52pm Apr 16, 2010 3:52pm
Quoting ak4x
Come on!! Does ANYBODY read their borker agreements before handing over and trading thie funds??

FACT: No one here can answer that question as accurately as YOU reading your own borker contract can... borker policies vary but I'd wager that if you're talking Live Coin, you'll get the "next available price" and if it's a big gap, it can Make or Break an account in a heartbeat depending on your order specifics and MM...

Alternatively, take your best shot, see what happens and then come back and let us know if you're still in the...
You know you love it.
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