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  • #273,401
  • Jul 20, 2010 2:03pm Jul 20, 2010 2:03pm
Quoting iam.noob.but
http://www.forexfactory.com/news.php?do=news&id=246537 oOpSS


EuR go up Or Down???

Non-event now as France, Germany and Spain have already "published" theirs.
  • #273,402
  • Jul 20, 2010 2:03pm Jul 20, 2010 2:03pm
Quoting kuthan68
News on possible cut to Fed Funds rate:

http://finance.yahoo.com/news/Fed-to...&asset=&ccode=

Dallas and KC asked for a hike.
  • #273,403
  • Jul 20, 2010 2:07pm Jul 20, 2010 2:07pm
The way things are looking, 1.2750 - 1.28 could be reached.
  • #273,404
  • Jul 20, 2010 2:11pm Jul 20, 2010 2:11pm
Ben Harper - Diamond on the inside.
Attached Image (click to enlarge)
Click to Enlarge Name: diamond.gif Size: 19 KB
  • #273,405
  • Jul 20, 2010 2:14pm Jul 20, 2010 2:14pm
btw cloggie, sorry for the worldcup and greetings from Spain. ;-) .
  • #273,406
  • Edited 2:15pm Jul 20, 2010 2:15pm | Edited 2:15pm
Quoting cloggie
Dallas and KC asked for a hike.
Thanks Cloggie for the info. I follow your posts regularly.

Asking and receiving are to different things. Who wins?

I would like a stronger dollar, so hike it up, as I want to get past the malaise of a poor US economy. Reward the savers not the debtors.
  • #273,407
  • Jul 20, 2010 2:17pm Jul 20, 2010 2:17pm
Quoting wannaberich
LOL knowing that you are short i just became a little more confident on mine
That's cool bro, but knowing WHY I'm short will be mo bettah...

Put a 200sma and a set of BB's with 60,2 settings on the 1m chart. Add a 21sma in there and put a small shaded circle over the 18:05 to 18:19 (GMT) candles on a 1m chart... 18:19 was my entry right before it closed (I watch the Second hand one my market clock), max drawdown was the spread for a few seconds... you can see where the PA tilted over and telepraphed a clue to the Watchers... I "hope" to hold tho is one for a bit but we'll see.

The thing is, you have to put this in context of the higher TF's, the xx00 level iit was sitting on, and the time of day... this run was tiring out, lots of factors involved but the chart still tells the tale given higher TF confirmation. Decent MM will save you when you're wrong, but it works for me. This 5th digit BS is giving me a headache tho.

Another thing to study out... watch the PA whenever price BUSTS thru an Upper/Lower band... it usually retraces back into the boundaries... there's pips in there for the nimble, pro trend of course to be safe. Also Look at the difference between the candles ((in this case)) busting the High side from the Low side... there's Clues everywhere Tivana...

Attached Image (click to enlarge)
Click to Enlarge Name: entry.png Size: 34 KB


Watch the PA reactions CLOSELY for a few hundred hours or so in context of the higher TF's and you can often get amazingly precise entries... and/or exits.

Clearly, this kind of PA lends itself better to hit and run trading but every now and then you catch a runner as well so i always scale out at my anticipated TP and leave some running just in case. I once had an EJ trade go well over 1500 pips a couple years ago when everything went over the edge before I finally closed it. It was only worth a dime a pip cuz early on I just knew it couldn't go any lower and scaled it out till it was only a crumb after a couple hundred pips of good profit... then it really dropped. That was a few thousand pips higher than it is now. Go figger.

Careful trades all...
FUBAR...
  • #273,408
  • Jul 20, 2010 2:19pm Jul 20, 2010 2:19pm
Quoting Martingale
btw cloggie, sorry for the worldcup and greetings from Spain. ;-) .

The better team won. We had no right to win that one.
  • #273,409
  • Jul 20, 2010 2:22pm Jul 20, 2010 2:22pm
Quoting cloggie
The better team won. We had no right to win that one.
Thanks man! you played great.. and never (almost) loss! good luck with the trading I am pretty short right now although I expect a quick rebounce for the diamond formation..
  • #273,410
  • Jul 20, 2010 2:26pm Jul 20, 2010 2:26pm
i will take a couple of hours when i get home to read carefully and thoroughly trying to suck the marrow out of this.

new chart up on my mt4!

(never really used bolinger bands so nice clean juicy material to start from).


again thanks

Quoting ak4x
That's cool bro, but knowing WHY I'm short will be mo bettah...

Put a 200sma and a set of BB's with 60,2 settings on the 1m chart. Add a 21sma in there and put a small shaded circle over the 18:05 to 18:19 (GMT) candles on a 1m chart... 18:19 was my entry right before it closed (I watch the Second hand one my market clock), max drawdown was the spread for a few seconds... you can see where the PA tilted over and telepraphed a clue to the Watchers... I "hope" to hold tho is one for a bit but we'll see.

The thing is, you have to...
dreams do come true.
  • #273,411
  • Jul 20, 2010 2:27pm Jul 20, 2010 2:27pm
Was caught in a conditional buy on 1.2995 with 3 lots and add 3 more at 1.2875, bot balanced 5 minutes ago with a win on 130 pips on usd/cad, so good day. now I have 12 more hours of guard for the assian session.

I think we are gonna see 1.2950 again for a more strong down.
  • #273,412
  • Jul 20, 2010 2:30pm Jul 20, 2010 2:30pm
Quoting Santana33
Was caught in a conditional buy on 1.2995 with 3 lots and add 3 more at 1.2875, bot balanced 5 minutes ago with a win on 130 pips on usd/cad, so good day. now I have 12 more hours of guard for the assian session.

I think we are gonna see 1.2950 again for a more strong down.
I am with you. and in particular ---> http://www.forexfactory.com/showpost...stcount=273431
  • #273,413
  • Jul 20, 2010 2:42pm Jul 20, 2010 2:42pm
Quoting tamster
[color=#000000]...
thx for the link
  • #273,414
  • Edited 3:00pm Jul 20, 2010 2:45pm | Edited 3:00pm
Quoting VavraSF
WEhat the heck.

Long @ 1.2876.
that's the spirit! LOL...edit: alright..i'm all caught up. My short from last night at 2946 was stopped our for -50 pips. I re shorted just above daily R1 and just closed for 120 pips. not a bad day for me. CHF longs are still working and I'm going to let them ride for the most part.
That 1 hr diamond posted by martingale is what I'm going to wait on for a big order. It should coincide with some S/R no matter which way it goes but I am short biased til about 3100 now. I will take a heavy short @ 3050 and 3100 or the top diagonal touch on that diamond. 3100 being the 38 percent level of the 1.51-1.1875 move
  • #273,415
  • Jul 20, 2010 2:48pm Jul 20, 2010 2:48pm
Quoting fontu
Excellent finding the new fakeout pattern . anyway scalping can be good earn money in such conditions , Doing one & go to see lost next, not work all the time , set & forget type.

anyway waiting 1.2923/34 to back again .
fontu
on this page myself. but i dont think anything on my charts less then a month old are worth anything until stress test results.
those who can, do. those who cant, talk about those who can
  • #273,416
  • Jul 20, 2010 2:50pm Jul 20, 2010 2:50pm
Quoting ak4x
That's cool bro, but knowing WHY I'm short will be mo bettah...

Put a 200sma and a set of BB's with 60,2 settings on the 1m chart. Add a 21sma in there and put a small shaded circle over the 18:05 to 18:19 (GMT) candles on a 1m chart... 18:19 was my entry right before it closed (I watch the Second hand one my market clock), max drawdown was the spread for a few seconds... you can see where the PA tilted over and telepraphed a clue to the Watchers... I "hope" to hold tho is one for a bit but we'll see.

The thing is, you have to put...


wow - really good!
I use an addition of RSI (8) increased the signal addition (see signal at RSI at 80 & 20!)
Attached File(s)
File Type: pdf EUR USD, m1.pdf   33 KB | 307 downloads
  • #273,417
  • Jul 20, 2010 3:03pm Jul 20, 2010 3:03pm
Short already at 1.2907 TP 1.2823. Expecting Ascending wedge pattern and price could not retrace at the old resistance line of 1.2930, mean weak position for EU and could go more down.. Soon i'll go to bed, then i prefer lock my position in entry position. Again trade free. But looks like no move in forex last hour! Wish to have green pips this time, not zero pip, but better then loss.
No Signal, No Trade. No fundamenals, No headache.
  • #273,418
  • Jul 20, 2010 3:16pm Jul 20, 2010 3:16pm
Extension of Benefits for the Jobless Clears Senate Hurdle

http://www.nytimes.com/2010/07/21/us...jobs.html?_r=1

.... On a 60-to-40 vote, the Democratic-led Senate agreed to cut off debate on the $34 billion plan to distribute added unemployment compensation through November for those who have exhausted their standard 26 weeks of aid.

On a 60-to-40 vote, the Democratic-led Senate agreed to cut off debate on the $34 billion plan to distribute added unemployment compensation through November for those who have exhausted their standard 26 weeks of aid.

....
  • #273,419
  • Jul 20, 2010 3:25pm Jul 20, 2010 3:25pm
Do or Die on the swissy... my pips rootin for the Green Arrow.

If not...then back to the Hurt Locker for Frank

Attached Image
FUBAR...
  • #273,420
  • Jul 20, 2010 3:28pm Jul 20, 2010 3:28pm
different average...

or is it different cross different average?

(gotta go home. see u in a couple of hours.)

Quoting ak4x
Do or Die on the swissy... my pips rootin for the Green Arrow.

If not...then back to the Hurt Locker for Frank

Attachment
dreams do come true.
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