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  • #269,801
  • Jul 12, 2010 7:26am Jul 12, 2010 7:26am
Quoting T@rantula
2575-upper 2550-lower Its m15 for picking up entries. h4(the forest) h1 (trees) (m15 leafs)
That's really helpful....thanks
  • #269,802
  • Jul 12, 2010 7:27am Jul 12, 2010 7:27am
H1
Attached Image (click to enlarge)
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  • #269,803
  • Jul 12, 2010 7:29am Jul 12, 2010 7:29am
Quoting Nene
What an Indy. Never fails.
Why don't you say simply - that you do like the 50 periods EMA in H4 Charts?

But never failed ? ! !
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #269,804
  • Jul 12, 2010 7:33am Jul 12, 2010 7:33am
Quoting starlogic21
That's really helpful....thanks
No problem..Just bear in mind-dont open entries on 1st candle breakout as it may be a false one. Wait for a 2nd candle-a confirmation candle
  • #269,805
  • Jul 12, 2010 7:35am Jul 12, 2010 7:35am
Quoting Nene
What an Indy. Never fails.
don't you mean 50ema?
  • #269,806
  • Jul 12, 2010 7:37am Jul 12, 2010 7:37am
Quoting T@rantula
No problem..Just bear in mind-dont open entries on 1st candle breakout as it may be a false one. Wait for a 2nd candle-a confirmation candle
I will do just that! Thanks again
  • #269,807
  • Jul 12, 2010 7:38am Jul 12, 2010 7:38am
Quoting T@rantula
No problem..Just bear in mind-dont open entries on 1st candle breakout as it may be a false one. Wait for a 2nd candle-a confirmation candle
and second candle should have volume larger or equal than the breakout candle.
18000 page. wow i love that number
  • #269,808
  • Jul 12, 2010 7:41am Jul 12, 2010 7:41am
Looking at the candles and volumes i entered long expecting up move up to daily S1 and resistance at 1.2612 (TP a few pips below). sl below 1.2550.

have fun!
dreams do come true.
  • #269,809
  • Edited 7:45am Jul 12, 2010 7:43am | Edited 7:45am
Quoting sum_1
H1
Hi Sum1,

Would you be able to give a brief explanation of your chart for a wide-eyed newbie like me please?

i think i see that you're pointing out bearish divergence on the RSI but I'm not sure what your blue boxes mean...Help!

Many thanks in advance.....
  • #269,810
  • Jul 12, 2010 7:44am Jul 12, 2010 7:44am
Quoting Nene
What an Indy. Never fails.
Which indy is this?
  • #269,811
  • Jul 12, 2010 7:48am Jul 12, 2010 7:48am
Big differance between 89 smooth and Exponential.

Quoting Atlast
That's strange, an 89 EMA or SMA gives 1.2470 and 1.2425 on 4H chart depending on session timing
  • #269,812
  • Jul 12, 2010 7:49am Jul 12, 2010 7:49am
Quoting T@rantula
Im wondering how long this sell off will last...

Attachment
Still... RSI hidden bull @ h4
  • #269,813
  • Jul 12, 2010 7:49am Jul 12, 2010 7:49am
Quoting starlogic21
Hi Sum1,

Would you be able to give a brief explanation of your chart for a wide-eyed newbie like me please?

i think i see that you're pointing out bearish divergence on the RSI but I'm not sure what your blue boxes mean...Help!

Many thanks in advance.....

It's more of a PA illustration....we broke thru an acsending channel. if it doesn't recover substantially from here.....imo we could see mid 1.24's
  • #269,814
  • Jul 12, 2010 7:50am Jul 12, 2010 7:50am
We are now on 18000th page of this thread!
  • #269,815
  • Jul 12, 2010 7:51am Jul 12, 2010 7:51am
Best way for a beginner to determine 4 hr trend is put 89 Smooth High and 89 SMA Low and 89 SMA Close on your chart and anytime price falls in between stay out.
  • #269,816
  • Jul 12, 2010 7:52am Jul 12, 2010 7:52am
I was showing the wrong chart guys. I ad a differant MA on there. I appologise.

Quoting Nene
Big differance between 89 smooth and Exponential.
  • #269,817
  • Jul 12, 2010 7:53am Jul 12, 2010 7:53am
i was told that the holy grail was here somewhere. so i will start reading from the beginning!

Quoting T.E.Lawrence
We are now on 18000th page of this thread!
dreams do come true.
  • #269,818
  • Jul 12, 2010 7:55am Jul 12, 2010 7:55am
I'm watchin 2545ish.... If pa doesn't get there.....I'll consider a buy....
  • #269,819
  • Jul 12, 2010 7:55am Jul 12, 2010 7:55am
Quoting sum_1
It's more of a PA illustration....we broke thru an acsending channel. if it doesn't recover substantially from here.....imo we could see mid 1.24's
Aaah, I see what you mean! That's useful info. Thanks v. much.....BTW I hope we do see 1.24
  • #269,820
  • Jul 12, 2010 7:56am Jul 12, 2010 7:56am
Here you see the 89 acting as support and the bottom of a triangle. I amin waiting mode except for the long term carry.
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