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  • #269,301
  • Jul 9, 2010 6:16am Jul 9, 2010 6:16am
Seems like many people have already started the weekend based on the volume!
Here is the situation to me:

if Below 1.266 -> all the way to 1.25850
  • #269,302
  • Jul 9, 2010 6:18am Jul 9, 2010 6:18am
Quoting wannaberich
Volume is not platform dependent. whether you use MT4 or 5 you will read the same value. its broker dependent. don't forget that vol in forex in not real volume like in stocks. vol in forex is a measure of tick change. therefor you should always look at vol evolution and don't take those values for certain. you can (and will) have diferent values on diferent brokers.
Sure, what I mean is I have FXDD MT4 and download Alpari MT5 to see the diference...
They show the same variation...
I'll keep FXDD...

Thank you!
  • #269,303
  • Jul 9, 2010 6:23am Jul 9, 2010 6:23am
Quoting wannaberich
i use mt4 on vista and works fine...

sorry man, can't help there...
I use MT4 on win 7 and its fine ..
However i only have a demo account to use with it so not sure if doing live trading has any impact ..

Probably check your win7 patch levels ...make suare they are all upto date ..
  • #269,304
  • Jul 9, 2010 6:25am Jul 9, 2010 6:25am
Looks like the bulls aren't over yet.
  • #269,305
  • Jul 9, 2010 6:26am Jul 9, 2010 6:26am
i know i am short biased and therefor i could be seeing what i want to see and not what is really happening but:

first strike at the bottom of the wedge had high resistance then we go up to DP and (surprisingly for me) we found small resistance too (enough to stop the up move meaning for me low demand) then we come back to retest the wedge with low vol (as usual) and still there wasn't enough supply to break.

but the last 15m candle showed increased resistance on the up move. looks like sellers are building there. question is: are there enough bears to stop the bull strike?

also we could be witnessing accumulation of shorts on those up wicks we see. that means for me the smart money is building shorts on the way up to close when they decide to mark down, even if it is not in the next couple of hours...

let's see how it unfolds
dreams do come true.
  • #269,306
  • Jul 9, 2010 6:26am Jul 9, 2010 6:26am
Quoting netrader06
OK..Going down to 1.2665 and then back up to 731 and then back to 705 to set up for a who knows gap open sunday. There yo go...Orders are in and going back to bed.
Good choices all.........
Ok...I just woke up and see I as off by 4 pips as we went 661. Might still go 653, but looks like 739 now since I was off by 4 pips there.
  • #269,307
  • Jul 9, 2010 6:26am Jul 9, 2010 6:26am
Quoting DudeSepii
Looks like the bulls aren't over yet.
just bare in mind it's friday and friday plays weird tricks!
  • #269,308
  • Jul 9, 2010 6:28am Jul 9, 2010 6:28am
Quoting ramksanj
I use MT4 on win 7 and its fine ..
However i only have a demo account to use with it so not sure if doing live trading has any impact ..

Probably check your win7 patch levels ...make suare they are all upto date ..
Win7 has all patches and updates installed, no issues with any other software running on Win7. What version are you using 32-bit or 64-bit?
  • #269,309
  • Edited 6:31am Jul 9, 2010 6:30am | Edited 6:31am
Quoting Martingale
just bare in mind it's friday and friday plays weird tricks!
More so than Mondays you think??

Just messing with ya~ Its all a trick guys. Manipulation is your friend>
  • #269,310
  • Jul 9, 2010 6:30am Jul 9, 2010 6:30am
The PA is continuously rejected by broken trend line (1h), doesn't want to cross below 2662........wtf?
  • #269,311
  • Jul 9, 2010 6:32am Jul 9, 2010 6:32am
it will!

(that's my hope talking LOL)

Quoting T.E.Lawrence
The PA is continuously rejected by broken trend line (1h), doesn't want to cross below 2662........wtf?
dreams do come true.
  • #269,312
  • Jul 9, 2010 6:33am Jul 9, 2010 6:33am
Quoting netrader06
More so than Mondays you think??

Just messing with ya~ Its all a trick guys. Manipulation is your friend>
;-) on monday big traders are too wasted from the weekend to make smart moves

... If we now break the trendline, the projection from the last top bring us all the way to S2!!!
  • #269,313
  • Jul 9, 2010 6:34am Jul 9, 2010 6:34am
Quoting T.E.Lawrence
The PA is continuously rejected by broken trend line (1h), doesn't want to cross below 2662........wtf?
Could you please post a chart? I see nothing broken and I'm trying to learn how to draw my lines.
Prediction is very difficult, especially about the future. - Niels Bohr
  • #269,314
  • Jul 9, 2010 6:34am Jul 9, 2010 6:34am
This might happen... it's the same as TheLastCoke's formation...
Attached Image (click to enlarge)
Click to Enlarge Name: Equals.gif Size: 29 KB
  • #269,315
  • Jul 9, 2010 6:36am Jul 9, 2010 6:36am
Quoting Martingale
just bare in mind it's friday and friday plays weird tricks!
I will wait for NY open... if nothing change... just monday
  • #269,316
  • Jul 9, 2010 6:39am Jul 9, 2010 6:39am
Quoting wilcox
Could you please post a chart? I see nothing broken and I'm trying to learn how to draw my lines.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 137 KB
  • #269,317
  • Jul 9, 2010 6:40am Jul 9, 2010 6:40am
If the trendline will hold on 1H there's some space up (RSI -> PR 1.2728)


http://print.chartnet.nl/8ED15A54CDF...010BF5BC7B.gif
  • #269,318
  • Jul 9, 2010 6:46am Jul 9, 2010 6:46am
Trouble is I see us butting up against a trendline on the daily chart, so if we break that conclusively, then I'll stop believing we're about to see the bears come out to play.
Attached Image (click to enlarge)
Click to Enlarge Name: dailytrend.gif Size: 26 KB
I operate with clear definite rules, if I break them I lose BIG!
  • #269,319
  • Jul 9, 2010 6:49am Jul 9, 2010 6:49am
4 Hour wise we might be at a trendchange downwards.

I have shorts running from 1.26947. SL has been set to 2690 so i can lock in at least 5 pips, but ill let this trade run down.
  • #269,320
  • Jul 9, 2010 6:51am Jul 9, 2010 6:51am
Quoting netrader06
Ok...I just woke up and see I as off by 4 pips as we went 661. Might still go 653, but looks like 739 now since I was off by 4 pips there.
1.2653 then bounce
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