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  • #286,161
  • Aug 26, 2010 3:12am Aug 26, 2010 3:12am
Quoting PriceVolume
Switch to the 5M real quick....see how the bottom wicks were relatively uniform (and no, most of them are not this uniform)? Formed a nice table, failed to breakupward, and the table broke....similar to a double top play...

ok Thanks, I got it
  • #286,162
  • Aug 26, 2010 3:15am Aug 26, 2010 3:15am
Get ready for alot of confusion.....trendline and round number below that will possibly provide a bounce, and a potential round top under construction on the 1H.......if you're not already in at BE+, I'd stay out......but that's me.
  • #286,163
  • Aug 26, 2010 3:16am Aug 26, 2010 3:16am
Quoting T.E.Lawrence
Looks like nobody knows what to do with eurusd. Or no one is interested in this pair right now.
I am definetively out until (probable bad) news on "Unemployment Claims" will have clear impact on the tl (if any..?)

Speculations on news that we don't have now ?

Market is smelling weird.
  • #286,164
  • Aug 26, 2010 3:17am Aug 26, 2010 3:17am
Crude is going up, usually EU follows with delay...
They think they are smarter than I am.
  • #286,165
  • Aug 26, 2010 3:18am Aug 26, 2010 3:18am
Inserted Video
!
  • #286,166
  • Aug 26, 2010 3:25am Aug 26, 2010 3:25am
Possible bounce zone at 2681. If we make it there. Dropping below 2689 may give us some negating momentum, though...we'll see...
  • #286,167
  • Aug 26, 2010 3:26am Aug 26, 2010 3:26am
Quoting Z3iz3i
Crude is going up, usually EU follows with delay...
Yes, going up quite sharply.

Finally the USD/CAD is dropping from it's way too overbought statis as well... in my still learning opinion.
  • #286,168
  • Aug 26, 2010 3:26am Aug 26, 2010 3:26am
Quoting Eren10
For me is forex finished in few days badly. It is to hard to predict which way it will go. And it increases the tension in your body which causes gambling feelings.

I have to admit I have no technical knowledge. Is it possible to succeed with technical knowledge ? Or this trading remains still gambling ?
I do not think it is gambling, unless you are taking a position with no logic or reasoning behind it. Then again, I also play a lot of poker. Same thing there though, I will not act without a confirmed reason, making the game a skill game. 75% skill anyway. The other 25% is the turn of the card, which I cannot control.

Same thing here. You need to make sound judgements based on price action and your measurement choice of it. If you are entering a position and hoping it goes it your way, you are gambling. Understand that just because you enter a position with good logic, does not mean you will be right. remember, the market makes the price and you are not the market. Equating it to poker again, 75% is your logic and reasoning based on price action and measurements, 25% is what the market at large decides to do.

Just my opinion, for what its worth.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #286,169
  • Aug 26, 2010 3:28am Aug 26, 2010 3:28am
Because of rejection from 2724, I went short @2711.
  • #286,170
  • Aug 26, 2010 3:29am Aug 26, 2010 3:29am
#1 26616 +... no stop mid 27036, it was disrespected so for.. usually a strong bear sign
those who can, do. those who cant, talk about those who can
  • #286,171
  • Aug 26, 2010 3:30am Aug 26, 2010 3:30am
1.2650 again
  • #286,172
  • Edited 3:58am Aug 26, 2010 3:31am | Edited 3:58am
Quoting Z3iz3i
Crude is going up, usually EU follows with delay...
I´ve got crude going down? I trade crude and I´m short here. if this 1hr candle closes like this Ill be staying in this trade.

maybe it peaked at 7332..its now 7300

who is your broker, they are deffo wrong as I have the price now with 2 brokers @ 72.03 and its going down?
rat
  • #286,173
  • Aug 26, 2010 3:32am Aug 26, 2010 3:32am
Today I usdchf to long. I believe that the value is too low and do something about the Swiss bank.
  • #286,174
  • Aug 26, 2010 3:32am Aug 26, 2010 3:32am
Quoting gatorinla
#1 26616 +... no stop mid 27036, it was disrespected so for.. usually a strong bear sign
We're on the cusp gator.....green light or reprieve??? Tick tock, as you say...
  • #286,175
  • Aug 26, 2010 3:32am Aug 26, 2010 3:32am
Quoting rattyo
I´ve got crude going down? I trade crude and I´m short here. if this 1hr candle closes like this Ill be staying in this trade.

maybe it peaked at 7232..its now 7200

who is your broker, they wrong as I have the price now with 2 brokers and its going down?
It was going up when i wrote, it turned sharply though.

And EU is trying to accumulate again for another go north...
They think they are smarter than I am.
  • #286,176
  • Aug 26, 2010 3:35am Aug 26, 2010 3:35am
Quoting Z3iz3i
It was going up when i wrote, it turned sharply though.

And EU is trying to accumulate again for anotehr go north...

Arghh..there was another chap on here this AM going on how crude was dropping!!!!LOL
it had gone down 20 pips..

have a go at trading crude with peanuts and you will see how it fluctuates. 100 pip 15 min bars are regular occurences. Its a wild instrument to trade not for novices!! its far worse than GJ!!!
rat
  • #286,177
  • Aug 26, 2010 3:35am Aug 26, 2010 3:35am
Quoting Z3iz3i
In 30min timeframe.

Use ASI (accumulation swing index) just for breakouts, fake breakouts and possible reversal points. Its usually available on any platforms.

It saves a lot of headache....if you just remember to use it
am trying to find it on my system!

dont seem to find it..is there another name for it? there's lots of studies available but nothing says Accumulation Swing....the closest i saw was Acc/Dist Oscillator..im guessing thats not the right one?
  • #286,178
  • Aug 26, 2010 3:37am Aug 26, 2010 3:37am
Z3, i checked my platform and did not see the accumulation indicator you spoke of. Would it be listed under a different name maybe? Could you post this indie, I would be interested in checking it out. Thanks.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #286,179
  • Aug 26, 2010 3:38am Aug 26, 2010 3:38am
Quoting rattyo
I´ve got crude going down? I trade crude and I´m short here. if this 1hr candle closes like this Ill be staying in this trade.

maybe it peaked at 7232..its now 7200

who is your broker, they are deffo wrong as I have the price now with 2 brokers @ 72.03 and its going down?
I've got two different brokers, and on both price going up - current price here is 74.21? It's futures, though... but they definitely climbing...
Itchy Spirit Return This Year: na
  • #286,180
  • Aug 26, 2010 3:43am Aug 26, 2010 3:43am
Quoting Z3iz3i
It peeks behind the scenes
Have you found it to be reliable? It appears to be nothing more than a price calculation:

From http://ta.mql4.com/indicators/trends/accumulation_swing
Calculation:



SI(i) = 50*(CLOSE(i-1) - CLOSE(i) + 0,5*(CLOSE(i-1) - OPEN(i-1)) + 0,25*(CLOSE(i) - OPEN(i)) / R)*(K / T)

ASI(i) = SI(i-1) + SI(i)

Where:
SI (i) — current value of Swing Index technical indicator;
SI (i - 1) — stands for the value of Swing Index on the previous bar;
CLOSE (i) — current close price;
CLOSE (i - 1) — previous close price;
OPEN (i) — current open price;
OPEN (i - 1) — previous open price;
R — the parameter we get from a complicated formula based on the ratio between current close price and previous maximum and minimum;
K — the greatest of two values: (HIGH (i - 1) - CLOSE (i)) and (LOW (i - 1) - CLOSE (i));
T — the maximum price changing during trade session;
ASI (i) — the current value of Accumulation Swing Index.

I've never seen methods that don't utilize semi-reliable volume data work....that's why I'm asking....
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