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Pitchfork Goldmine!

  • #381
  • Jul 16, 2010 3:53am Jul 16, 2010 3:53am
Ok. Next time I'll pass then.

Quoting PeterE
yes, sorry, i deleted it
Trade what you see, not what you think or feel. Let the market come to you.
  • #382
  • Jul 16, 2010 4:08am Jul 16, 2010 4:08am
GU60

90% probability to the yellow zone 1.5310ish........any takers??
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  • #383
  • Jul 16, 2010 4:14am Jul 16, 2010 4:14am
Just curious, how did you arrive at 90%? 1.5310ish...maybe...if it decides to fall now.

Thanks for the post.

Quoting PeterE
GU60

90% probability to the yellow zone 1.5310ish........any takers??
Trade what you see, not what you think or feel. Let the market come to you.
  • #384
  • Edited 5:00am Jul 16, 2010 4:22am | Edited 5:00am
We'll see what happens here. Chart: GbpUsd H1.

Now back to EU, otherwise I will be posting many more pairs . Signals for other pairs will be on the blog...for those interested in other than EU.
Attached Image (click to enlarge)
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Trade what you see, not what you think or feel. Let the market come to you.
  • #385
  • Jul 16, 2010 4:23am Jul 16, 2010 4:23am
A -- B -- E -- D

but only when price action presently supports the move E to D, ie. re highs and lows

chart stats are extrapolated from an ML study on grain markets, but extrapolatable (my word ) to fx
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  • #386
  • Edited 4:48am Jul 16, 2010 4:28am | Edited 4:48am
Got the geometry of that for sure...my calculus-geometry background kicking in . Will see if I can eek out some time to read Greg's info. Thanks for that detail.
Quoting PeterE
A -- B -- E -- D

but only when price action presently supports the move E to D, ie. re highs and lows

chart stats are extrapolated from an ML study on grain markets, but extrapolatable (my word ) to fx
Trade what you see, not what you think or feel. Let the market come to you.
  • #387
  • Jul 16, 2010 4:31am Jul 16, 2010 4:31am
yes, can help with the confidence to "hold" your position, knowing these stats

and of course, they only play out if you've got your market structure interpretation right
  • #388
  • Edited 5:25am Jul 16, 2010 4:38am | Edited 5:25am
Glad you think that way because I agree.

What traders draw on the chart , as perfectly as they may have drawn it, is of no real benefit if they see the market the wrong way. Their analysis will be skewed in favor of the market maker or Smart Money whales. Seeing correctly FIRST is sooooo important.

Quoting PeterE
yes, can help with the confidence to "hold" your position, knowing these stats

and of course, they only play out if you've got your market structure interpretation right
Trade what you see, not what you think or feel. Let the market come to you.
  • #389
  • Jul 16, 2010 5:16am Jul 16, 2010 5:16am
yes, i have a line syndrome

Quoting FX4Newbies
Glad you think that way. What you draw on the chart , as perfectly as you may have drawn it, is of no real benefit if you see the market the wrong way. Your analysis will be skewed in favor of the market maker or Smart Money whales. Seeing correctly FIRST is sooooo important.
  • #390
  • Jul 16, 2010 5:24am Jul 16, 2010 5:24am
Hello PeterE,

Hope you didn't think that I was referring to you...will rephrase the second part...I was thinking of traders in general...not you as I agreed with what you said.

Sorry if it came across personally.

Quoting PeterE
yes, i have a line syndrome
Trade what you see, not what you think or feel. Let the market come to you.
  • #391
  • Jul 16, 2010 5:29am Jul 16, 2010 5:29am
that's quite alright i didnt read it as personal


Quoting FX4Newbies
Hello PeterE,

Hope you didn't think that I was referring to you...will rephrase the second part...I was thinking of traders in general...not you as I agreed with what you said.

Sorry if it came across personally.
  • #392
  • Jul 16, 2010 5:38am Jul 16, 2010 5:38am
Great! If ever I word something and you're not sure how I meant it, just ask. That goes for anyone else also reading the thread. Sometimes when trying to jot things down quickly, all angles of how things can be understood are not considered. So sometimes I find myself going back to re-word things if I think there might have been a rough edge that may be misinterpreted, but that is not always possible. I'm not into sarcasm etc. I like healthy, wholesome interactions .

Thanks for your reply.

Take care,


Quoting PeterE
that's quite alright i didnt read it as personal
Trade what you see, not what you think or feel. Let the market come to you.
  • #393
  • Jul 16, 2010 5:45am Jul 16, 2010 5:45am
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  • #394
  • Edited 10:36am Jul 16, 2010 5:49am | Edited 10:36am
Pikeliver,

Both forks look good. Maybe we will get some more upward movement on the EU. The question is when LOLOLOL.

Thanks for the charts. By the way, what software are you using to get 8hour charts, Ensign?

Quoting pikeliver
Attachment

Attachment
Trade what you see, not what you think or feel. Let the market come to you.
  • #395
  • Jul 16, 2010 6:05am Jul 16, 2010 6:05am
hi FX4,i use netdania.com for my charts,its free and its keeps going when my spread betting companys charts crash,which seems to happen just when you need them lol

i have also noticed the spreadbetting platform freezes from time to time,so its handy to have independant charts,i have put trades on a few times when the spread bet platform has frozen but netdania shows the current position,its quite fun when they are quoting a price which is not the real price,after a few minutes they get back in line and i cash out

good trading
  • #396
  • Jul 16, 2010 6:30am Jul 16, 2010 6:30am
Will take a look at it.

Thanks.

Quoting pikeliver
hi FX4,i use netdania.com for my charts,its free and its keeps going when my spread betting companys charts crash,which seems to happen just when you need them lol

i have also noticed the spreadbetting platform freezes from time to time,so its handy to have independant charts,i have put trades on a few times when the spread bet platform has frozen but netdania shows the current position,its quite fun when they are quoting a price which is not the real price,after a few minutes they get back in line and i cash out

good trading
Trade what you see, not what you think or feel. Let the market come to you.
  • #397
  • Jul 16, 2010 7:11am Jul 16, 2010 7:11am
Have to be out today. Will see how the market closes.

Safe trading to all.

Fx4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #398
  • Jul 16, 2010 10:30am Jul 16, 2010 10:30am
Price fell to your yellow zone...hope you had some takers. Congrats!
Quoting PeterE
GU60

90% probability to the yellow zone 1.5310ish........any takers??
Trade what you see, not what you think or feel. Let the market come to you.
  • #399
  • Jul 16, 2010 3:15pm Jul 16, 2010 3:15pm
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  • #400
  • Jul 16, 2010 3:15pm Jul 16, 2010 3:15pm
Hello again,

We've made it through another week.

Attached is the EU...it finally did fall, not very willingly though. Drew in a light blue triangle...will see if the market rolls around then breaks out of it. Might be an interesting beginning come Sunday.

Have a wonderful weekend.

FX4Newbies

P.S. Added a close-up of the same chart.
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Trade what you see, not what you think or feel. Let the market come to you.
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