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  • #421
  • Aug 12, 2010 3:13am Aug 12, 2010 3:13am
Quoting iqyu5an
YOU...are the great teacher madame... and i just implement it .......thank for all your kindness to teach all of us here ....

iqyu
Hey Guru, realized your TP looking like mine at 1.5515. Only 1.5550-60 Monthly resistance a concern.
Hero Traders Live to see their Accounts Die!
  • #422
  • Aug 12, 2010 3:22am Aug 12, 2010 3:22am
Quoting simoneg
Hey Guru, realized your TP looking like mine at 1.5515. Only 1.5550-60 Monthly resistance a concern.
hi... MAHAGURU

that's around our daily bear TP right ? ....

iqyu
http://www.forexfactory.com/showpost...&postcount=284
not euphoria follower
  • #423
  • Aug 12, 2010 3:24am Aug 12, 2010 3:24am
Quoting iqyu5an
hi... MAHAGURU

that's around our daily bear TP right ? ....

iqyu
http://www.forexfactory.com/showpost...&postcount=284
Correctamente! :nerd: (can I borrow this aswilled ?
Hero Traders Live to see their Accounts Die!
  • #424
  • Aug 12, 2010 3:26am Aug 12, 2010 3:26am
Quoting simoneg
Correctamente! :nerd: (can I borrow this aswilled ?
heheheheheheh..............

bro a2xm speak up ..............
not euphoria follower
  • #425
  • Aug 12, 2010 3:39am Aug 12, 2010 3:39am
Quoting simoneg
This gave a great entry iqyu5an. Am short from 1.5708 and 1.5652.
Hey Simone - i found it a bit hard fibbing tonight as the trend seemed a bit unclear? Are you able to indicate what fibs you had on that gave you those entries? I have a daily 38.2 at 1.5708, is that what you were using? Also we have Daily Pivot point at 1.5702 - do you ignore regular pivots, did that not worry you about being potential support?

Where did you have your breach fib drawn?

Longer term looked down but short term 15 min was heading up - how did you interpret it?

Breach is low to prev high in downtrend, and high to prev low in uptrend yes?

And damn.. price has fallen so far since my exit.. arrghh! ;-)
  • #426
  • Aug 12, 2010 3:45am Aug 12, 2010 3:45am
can market keep this weekly candle ? prev low weekly will be our resistance ?
Attached Image (click to enlarge)
Click to Enlarge Name: update aug 12e.jpg Size: 65 KB
not euphoria follower
  • #427
  • Aug 12, 2010 3:59am Aug 12, 2010 3:59am
Quoting Jazznos
Hey Simone - i found it a bit hard fibbing tonight as the trend seemed a bit unclear? Are you able to indicate what fibs you had on that gave you those entries? I have a daily 38.2 at 1.5708, is that what you were using? Also we have Daily Pivot point at 1.5702 - do you ignore regular pivots, did that not worry you about being potential support?

Where did you have your breach fib drawn?

Longer term looked down but short term 15 min was heading up - how did you interpret it?

Breach is low to prev high in downtrend, and high to prev low...
Hi Jazznos,

Well from the bigger timeframes, we see the trend right now is down. Looking at the H1 chart we have an AB swing looking for 1.5550, 1.5480, 1.5345 or 1.5245
http://img121.imageshack.us/img121/4489/gu1y.jpg

Then we have lots of converging resistance in support of the trend.
1. Weekly low at 1.5709
2. Monthly high at 1.5720
3. Daily 50% at 1.5717 (This is our breach)

Then going to the daily chart, since we are in pullback or reverse mode of the previous trend we look for target levels on that swing.

http://img576.imageshack.us/img576/6820/gu2r.jpg

Once we have a close below these levels, expect a retrace for likely continuation.
Hero Traders Live to see their Accounts Die!
  • #428
  • Aug 12, 2010 4:00am Aug 12, 2010 4:00am
Quoting iqyu5an
heheheheheheh..............

bro a2xm speak up ..............
I'm still speechless bro iqyu.. don't know what to say.. just watching this thread like a hawk everyday for sure I'll share when I got a good entry.

btw, a very good analysis bro iqyu keep up the good one.
  • #429
  • Aug 12, 2010 4:05am Aug 12, 2010 4:05am
Certainly agreeing...excellent analysis iqyu5an!!!
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  • #430
  • Aug 12, 2010 4:26am Aug 12, 2010 4:26am
We are sitting on a crucial breach level, 1.5580, that is offering strong support. Breaking below will create strong resistance for further selling. Fib is drawn from this morning's high to the July 27 low.
Attached Image (click to enlarge)
Click to Enlarge Name: GU3.JPG Size: 128 KB
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  • #431
  • Aug 12, 2010 4:30am Aug 12, 2010 4:30am
Quoting simoneg
Hi Jazznos,

Well from the bigger timeframes, we see the trend right now is down. Looking at the H1 chart we have an AB swing looking for 1.5550, 1.5480, 1.5345 or 1.5245
http://img121.imageshack.us/img121/4489/gu1y.jpg

Then we have lots of converging resistance in support of the trend.
1. Weekly low at 1.5709
2. Monthly high at 1.5720
3. Daily 50% at 1.5717 (This is our breach)

Then going to the daily chart, since we are in pullback or reverse mode of the previous trend we look for target levels on that swing.

http://img576.imageshack.us/img576/6820/gu2r.jpg

Once...
Hi Simone,
excellent explanation as always, but I have to manage the different broker time to be able to completely follow you: mine is GMT+2 and my platform Metatrader doesn't allow to adjust GMT, it's fixed. So I have to find the start of the day 7 hours later and the same for the end, otherwise there are some difference in the fib levels for example the daily breach for me is 1.5745 (around 30 pips more!). I think that the only solution is to use VT Trader platform for analysis and mine for the orders .
  • #432
  • Aug 12, 2010 4:32am Aug 12, 2010 4:32am
Quoting DotMag
Hi Simone,
excellent explanation as always, but I have to manage the different broker time to be able to completely follow you: mine is GMT+2 and my platform Metatrader doesn't allow to adjust GMT, it's fixed. So I have to find the start of the day 7 hours later and the same for the end, otherwise there are some difference in the fib levels for example the daily breach for me is 1.5745 (around 30 pips more!). I think that the only solution is to use VT Trader platform for analysis and mine for the orders .
Thanks DotMag! I think if my EST times are converted to your GMT+2 we should be on target. Gonna check and see, since you are already comfy with your MT4.
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  • #433
  • Aug 12, 2010 5:36am Aug 12, 2010 5:36am
Thanks heaps Simone for that explanation, im on my way to bed but will go through in detail tomorrow :-) Lots of pips on offer tonight - hope you caught most of em! :-)
  • #434
  • Aug 12, 2010 5:38am Aug 12, 2010 5:38am
Good morning peoples. Just awoke. Whats going on...
A. Finesse Williams Making Millions One Pip At A Time!
  • #435
  • Aug 12, 2010 5:44am Aug 12, 2010 5:44am
Quoting simoneg
Hey Guru, realized your TP looking like mine at 1.5515. Only 1.5550-60 Monthly resistance a concern.
I am concerned about this resistance area as well.
A. Finesse Williams Making Millions One Pip At A Time!
  • #436
  • Aug 12, 2010 5:45am Aug 12, 2010 5:45am
Quoting simoneg
Correctamente! :nerd: (can I borrow this aswilled ?
Of course darling. :nerd:
A. Finesse Williams Making Millions One Pip At A Time!
  • #437
  • Aug 12, 2010 6:55am Aug 12, 2010 6:55am
Closed my shorts on GU for +58.1 and +113.7pips. 220 Pips to go...Next Week maybe. Calling it a week here. Was Good trading with you all this week.
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  • #438
  • Aug 12, 2010 6:56am Aug 12, 2010 6:56am
Good Morning Aswilled! How goes?
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  • #439
  • Aug 12, 2010 6:57am Aug 12, 2010 6:57am
Got in on support on the pound and pound yen. euro was moving too fast. got to wait for a retrace.
http://a.imageshack.us/img248/1940/cmcapture1y.jpg

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http://img833.imageshack.us/img833/372/cmcapture2.jpg

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A. Finesse Williams Making Millions One Pip At A Time!
  • #440
  • Aug 12, 2010 6:58am Aug 12, 2010 6:58am
Quoting Jazznos
Thanks heaps Simone for that explanation, im on my way to bed but will go through in detail tomorrow :-) Lots of pips on offer tonight - hope you caught most of em! :-)
No prob Jazznos! I think I did.
Hero Traders Live to see their Accounts Die!
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