DislikedGlad to see that you are making pips with the tools shared here. Do you have a preference for counter-trend trading, Moxie?Ignored
Of to bed now.
Thanks Moxie
Night has brought to those who sleep, only dreams they can not keep.
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DislikedGlad to see that you are making pips with the tools shared here. Do you have a preference for counter-trend trading, Moxie?Ignored
DislikedDarren Is this the way you would have looed at the market at that time, pa makes a lower low + out side BB bands..
Hope medici does'nt mind me asking questions on his thread.
MoxieIgnored
DislikedNot sure about the drawing through the peaks thing; I think better to just connect the highs/lows, and see if any divergence stands out clearly. Just my 2 cents here, but for what it's worth. Of course also interested to hear from Medici myselfIgnored
DislikedMedici, I took this screen shoot to illustrate a problem I have in identifying divergence.. Price was bouncing around asain low, and was just out side BB bands I expected it to go up was looking to the c11 for confirmation,
price was going lower c11 was turning up but then leveled off, Just at this point I was going to trade long but chickened out as I was afaird that it may turn down..Ignored
DislikedNo expert here, but I attached your pic with what I saw as clear divergence (bullish convergence actually) a little later, drawn in light blue. I didn't take that trade, but looks pretty good as a setup to me, and obviously it would have worked.
Not sure about the drawing through the peaks thing; I think better to just connect the highs/lows, and see if any divergence stands out clearly. Just my 2 cents here, but for what it's worth. Of course also interested to hear from Medici myselfIgnored
DislikedDarren Is this the way you would have looed at the market at that time, pa makes a lower low + out side BB bands..
Hope medici does'nt mind me asking questions on his thread.
MoxieIgnored
DislikedHey there mr fundamental medici haha.
You guys know alittle bit more(ok much more) than me about the fundies i just trade the screan, is there anything thts holding GU, eu is really giving some nice profit but GU is just sitting there its rather annoying.
Thanks.
I know overnights consilidation might act as resistance but i am just wondering if there is somthing thts holding the currency back?Ignored
DislikedHello there, I don't think the fundamentals move currencies much, to be honest, and when it comes to cable, it's just one of those days. She had a rough night last night and is a bit hungover or something.
The more serious answer would be that it's about two things: (1) What's on the dealers' order books, and (2) Uncertainty about equity markets. The answer to (1) is 'probably not much' and to (2) 'it might just crash or it might reverse, or what not'. Hence the lull.Ignored
DislikedHungover so you two arnt just teazing over the weekends anymore haha.
crash or reverse nice annalysis, i was also thinking it might go up or down.
well i guess we prob going to have to wait for NY to see if its going to give us a nice, so to say, pop.Ignored
DislikedYep, and if you want an alternative to our sleepy Mistress, check out Aussie which is strongly correlated to the equities markets.Ignored
DislikedNo expert here, but I attached your pic with what I saw as clear divergence (bullish convergence actually) a little later, drawn in light blue. I didn't take that trade, but looks pretty good as a setup to me, and obviously it would have worked.
Not sure about the drawing through the peaks thing; I think better to just connect the highs/lows, and see if any divergence stands out clearly. Just my 2 cents here, but for what it's worth. Of course also interested to hear from Medici myselfIgnored
DislikedHi guys looking at this trade right now.. Not trying to pick tops or bottoms.. If pa hits the top trend line again around xxx45 ill take the short
UPdate, Looks like I missed that one should have went short on the second touch of trend line, would be in 20 pips now.. news coming out shortly so ill sit on my hands...Ignored
DislikedMaybe I got lucky on that one? Hope I didn't screw you guys up. Sorry Medici.Ignored