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  • #284,181
  • Aug 20, 2010 6:36am Aug 20, 2010 6:36am
can u give us some insight on that concept, T?

thanks

Quoting T@rantula
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dreams do come true.
  • #284,182
  • Aug 20, 2010 6:37am Aug 20, 2010 6:37am
I read big players like round numbers,eg 12800,12700. ( Any "00" number)
When they get price around these numbers they take back seat and let small traders play for a while.
I've got to say it seems to be true today.
making green pips large and red pips small this is my goal.
  • #284,183
  • Aug 20, 2010 6:38am Aug 20, 2010 6:38am
i am long from 1.2714 presently it looks for me more long then short
If you now the Way out -- please tell me
  • #284,184
  • Aug 20, 2010 6:41am Aug 20, 2010 6:41am
Quoting hytham
That 690-700 is getting tough to break...
it has to bounce after 2703... then again after 2696... small ones after each have already happened.. we should go lower soon (2636.9).. but we need to be careful if we touch 2740..
those who can, do. those who cant, talk about those who can
  • #284,185
  • Aug 20, 2010 6:41am Aug 20, 2010 6:41am
My tools show lower but my gut says bounce which I thought would have come already. ...so I wait.
  • #284,186
  • Aug 20, 2010 6:42am Aug 20, 2010 6:42am
Hey Guys,

This is my first post.

Im pretty new to forex and ive been following this thread for a few days. I only trade E/U.

Just wondering how the majority of you guys predicted that the e/u would tumble when we were at that 1 hour triangle and resting on the daily trendline before...? What were the clues?

NaughtyP
  • #284,187
  • Aug 20, 2010 6:47am Aug 20, 2010 6:47am
Quoting gatorinla
it has to bounce after 2703... then again after 2696... small ones after each have already happened.. we should go lower soon (2636.9).. but we need to be careful if we touch 2740..
Dear Gatorinla,

Mind sharing your view on why we need to be careful on touching 2740?

Using 15minutes timeframe to draw a small fibonnaci, it is the 38.20% area (+/- a few pips). Isnt there where a potential continuation of the trend might take place?


Hope to learn something from you. Thanks.
  • #284,188
  • Aug 20, 2010 6:48am Aug 20, 2010 6:48am
What I find interesting at the moment, is that EUR and Brent traditionally had the same chart pattern, more or less, and lately they're not even remotely looking the same - but recently their charts could be almost mirror images... Somebody said earlier oil is weak, and will pull EUR down? Massive H&S on oil daily, starting 22 Jul, and neckline broken today (so far, but anything could happen)
Itchy Spirit Return This Year: na
  • #284,189
  • Aug 20, 2010 6:50am Aug 20, 2010 6:50am
I m out from my trade on 2711..lets see how NY behave
  • #284,190
  • Aug 20, 2010 6:50am Aug 20, 2010 6:50am
Quoting wannaberich
can u give us some insight on that concept, T?

thanks
Notice the first biggest candlebar that is keeping others in its boundaries. The big red candle serves as a s/r level. A breakout above or below it could be an entry signal. When it breaks out make an entry but always watch s/r lines. In this case Ill be playing a breakout setting a target according to MM levels on m15 TF
  • #284,191
  • Aug 20, 2010 6:52am Aug 20, 2010 6:52am
I see market in this way, experts comments are welcome. Plz suggest
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  • #284,192
  • Aug 20, 2010 6:52am Aug 20, 2010 6:52am
Quoting Xismal
Dear Gatorinla,

Mind sharing your view on why we need to be careful on touching 2740?

Using 15minutes timeframe to draw a small fibonnaci, it is the 38.20% area (+/- a few pips). Isnt there where a potential continuation of the trend might take place?


Hope to learn something from you. Thanks.
cause it a possible gateway to a bull wave.. w/o it there are no bulls.
those who can, do. those who cant, talk about those who can
  • #284,193
  • Aug 20, 2010 6:53am Aug 20, 2010 6:53am
Quoting gatorinla
but we need to be careful if we touch 2740..
Exactly...a failure of that level could easily propel us to 2772 and above 2800, those are bullish levels
  • #284,194
  • Aug 20, 2010 6:56am Aug 20, 2010 6:56am
breakout. i see. thanks.

short again from this level. tight sl. precisely above that Master candle u say.

Quoting T@rantula
Notice the first biggest candlebar that is keeping others in its boundaries. The big red candle serves as a s/r level. A breakout above or below it could be an entry signal. When it breaks out make an entry but always watch s/r lines. In this case Ill be playing a breakout setting a target according to MM levels on m15 TF
dreams do come true.
  • #284,195
  • Aug 20, 2010 7:02am Aug 20, 2010 7:02am
sideways till NY then down?

hapipipin
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dreams do come true.
  • #284,196
  • Aug 20, 2010 7:03am Aug 20, 2010 7:03am
Quoting T@rantula
Exactly...a failure of that level could easily propel us to 2772 and above 2800, those are bullish levels

Thanks Gatorinla and Tarantula. Both of you have been very helpful to explain things to newbies like me.

One small request please (and would really really appreciate it), how is a failure of 1.2740 a continuation of bull wave?

Before I expect to be hand-fed, let me attempt to answer my own question so as to learn, please correct me if I am wrong:

1.2735/40 was the breakout point. A failure to hold below that level would mean this current break-down is a false break?

But if so, what about the fibonacci retracement of 31.80%, 50% and 61.8% for potential continuation of downtrend?

Thanks in advance!
  • #284,197
  • Aug 20, 2010 7:03am Aug 20, 2010 7:03am
I see that some of you talk about the 1.2740 level.

If you put yours charts to H4, you will se a big H&S pattern.
Left shoulder was formed on July 20th, and right shoulder on August 18th.
Top of the head is on August 6th.

Level 1.274 is neckline.

IMHO, if we see a testing of that level, that is going to be crucial for us.
  • #284,198
  • Aug 20, 2010 7:04am Aug 20, 2010 7:04am
Hi all accept me as a new Trader i was in 2 years ago
have a nice trade
  • #284,199
  • Aug 20, 2010 7:06am Aug 20, 2010 7:06am
Quoting wannaberich
sideways till NY then down?

hapipipin
Or up
COT: The precious data ignored
  • #284,200
  • Aug 20, 2010 7:07am Aug 20, 2010 7:07am
Quoting broken_trend
Hi all accept me as a new Trader i was in 2 years ago
have a nice trade
Hi guy and welcome here

Happy trades
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