Price is in the right spot for it to be drawn down to the area within the next few hours.
- #1,683
- Apr 27, 2010 7:23am Apr 27, 2010 7:23am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,684
- Apr 27, 2010 7:57am Apr 27, 2010 7:57am
Its now 92.71
- #1,685
- Apr 27, 2010 8:02am Apr 27, 2010 8:02am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,686
- Apr 27, 2010 9:11am Apr 27, 2010 9:11am
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #1,687
- Apr 27, 2010 9:56am Apr 27, 2010 9:56am
- #1,690
- Apr 28, 2010 5:07am Apr 28, 2010 5:07am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #1,691
- Apr 28, 2010 5:20am Apr 28, 2010 5:20am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Thanks for that insight Scrutch
FWIW...looks like a H1 to me.
Trade what you see, not what you think or feel. Let the market come to you.
- #1,692
- Edited 5:27am Apr 28, 2010 5:26am | Edited 5:27am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Trade what you see, not what you think or feel. Let the market come to you.
- #1,694
- Edited 10:24pm Apr 28, 2010 7:39pm | Edited 10:24pm
That was a nice configured one, i think, i can understand all of your lines but the green ones no? what are these meaning.
Look at this sell I made at cjlove pitchfork too but I would like to learn more
Saludos!!
The green lines are the Warning Lines. It runs parallel to the medianline.
It will act as the next resistance line to contain the energy of the market move.
If it doesnt, then draw another parallel warning line.
Your CJ 4hr medianline is just perrfect
On your CJ 1hr, is it Starc Band?
Good trading ahead!
- #1,695
- Apr 29, 2010 8:29am Apr 29, 2010 8:29am
- | Commercial User | Joined Apr 2010 | 2,840 Posts
Hi Scrutch,
I don't think Sanna at this juncture would be able to appreciate all those lines
and, truthfully, one line (and explanation) will lead to another, which isn't necessarily a bad thing. I think there is a system that they are using, and I don't want to introduce something else without some good understanding behind it. It could mess them up. If they look at your chart though, they will see the power of the Pitchfork which might spark more interest.
Thanks for the thorough follow up.
FX4Newbies
I don't think Sanna at this juncture would be able to appreciate all those lines
and, truthfully, one line (and explanation) will lead to another, which isn't necessarily a bad thing. I think there is a system that they are using, and I don't want to introduce something else without some good understanding behind it. It could mess them up. If they look at your chart though, they will see the power of the Pitchfork which might spark more interest.Thanks for the thorough follow up.
FX4Newbies
You're welcome...
I know the chart you posted was just to answer Sanna's question. It might be worthwhile to note that due to the recent low (0.91350'ish) taking out P0 and P2 of the formation in question...it's time to draw a new formation.
I have an positive slope formation on my current chart but have left the negative sloper on as well (until P0 and P2 are taken out). Note that the down thrust stopped at the lower quartile and started moving up from that point and although I'm not showing it on this chart that move ended at the upper (7/8)...
Trade what you see, not what you think or feel. Let the market come to you.
- #1,696
- Apr 29, 2010 11:19am Apr 29, 2010 11:19am
Morning Fx4N,
Your're probably spot on
Posting a follow up for the same pair with even 'more' lines...
...but hey, this is the way I trade. Target area moved higer as time progressed and in my opinion, if you were trading this pair the final exit should have been either at the P0~P2 target line or the warning line. There's also some fair resistance right in this area. Sure it can and could go a lot higher but at this point I'd like to see what the reaction is if/when it reaches the positive slope median line.
Cheers...and have a Great Day.
Your're probably spot on
Posting a follow up for the same pair with even 'more' lines...
...but hey, this is the way I trade. Target area moved higer as time progressed and in my opinion, if you were trading this pair the final exit should have been either at the P0~P2 target line or the warning line. There's also some fair resistance right in this area. Sure it can and could go a lot higher but at this point I'd like to see what the reaction is if/when it reaches the positive slope median line.Cheers...and have a Great Day.
Hi Scrutch,
I don't think Sanna at this juncture would be able to appreciate all those lines
Thanks for the thorough follow up.
FX4Newbies
Listen to the whispers....
You may learn something
- #1,697
- Apr 29, 2010 7:47pm Apr 29, 2010 7:47pm
For those that wait for the median line to be tagged...they are finally rewarded.
A short thrust above the previous P2 high for a quick test and then a small pullback. Now it waits...
A short thrust above the previous P2 high for a quick test and then a small pullback. Now it waits...
Listen to the whispers....
You may learn something
- #1,698
- Apr 30, 2010 12:16am Apr 30, 2010 12:16am
- | Joined Jul 2007 | Status: I'm a trader, not a fortune teller! | 243 Posts
Hey, thanks for the good information.......knowledge is never underappreciated.......everything helps making profit or-on the contrary-keeping profit....forget 'bout it!
Hi again Sanna,
Don't want to add too many lines to confuse you, but the warning line, which is a parallel line the same distance from the ML (middle prong) to the LMLH (Lower Median Line Parallel) could be a likely target. Much more can be drawn in, but I thought that would do for now.
Have a great day,
FX4Newbies
- #1,699
- Edited 5:55am Apr 30, 2010 5:38am | Edited 5:55am
Lets test how good...this setup is. Can it hold any water?
Can EU breakthru the yellow schiff mode upper medianline?
Let the market tell us.
If it fails, where is the next target...Are we all willing to be stop and reverse traders?...
http://img594.imageshack.us/img594/8320/eu120mins.png!
Can EU breakthru the yellow schiff mode upper medianline?
Let the market tell us.
If it fails, where is the next target...Are we all willing to be stop and reverse traders?...
http://img594.imageshack.us/img594/8320/eu120mins.png!
