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  • #287,701
  • Sep 1, 2010 1:38am Sep 1, 2010 1:38am
Quoting kandarv
Since I read it I knew that I have to keep it close as a weapon to fight my ego.
Well I have 127.22 as a line on my chart but cant remember why & it has bounced off there nicely....anyone know what it was previously...thanks
  • #287,702
  • Sep 1, 2010 1:40am Sep 1, 2010 1:40am
Quoting Chicky
Works for me. ...................... How?

If visitors to this thread watch their backside, it expands their horizon of thinking. The beauty of this thread is................ if they don't, it still expands - now both of them, the horizon and the backbackside.
Dam, this is where I got my moobs ( man boobs ) from..
  • #287,703
  • Sep 1, 2010 1:40am Sep 1, 2010 1:40am
Quoting yaed
I agree, it seems hard to keep things real. So anyway, anybody think we will go down to test the old floor of 1.253 since early may? Maybe even today?
Yep, keepin it real - S&P futures are up 9-10 pts, spot oil up 6 bits, but a 200 pip drop on the yoorow, sure, that's plausible - hey it's forex. More tinfoil...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #287,704
  • Sep 1, 2010 1:41am Sep 1, 2010 1:41am
Quoting yaed
I agree, it seems hard to keep things real. So anyway, anybody think we will go down to test the old floor of 1.253 since early may? Maybe even today?
From my point of view, I don't see that level coming soon. Strong support on 1.2662-1.2584 zone.
Attached Image (click to enlarge)
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  • #287,705
  • Sep 1, 2010 1:48am Sep 1, 2010 1:48am
Good morning all
  • #287,706
  • Sep 1, 2010 2:04am Sep 1, 2010 2:04am
Quoting yaed
I agree, it seems hard to keep things real. So anyway, anybody think we will go down to test the old floor of 1.253 since early may? Maybe even today?

Not sure yet what level target will be.

My bias is long for the EU and have been buy her for the past to weeks, but please don't follow me. I'm more of a short term swing day trader. I'll do long or short all day.

I wait for a break out then retest of level broken for direction. Then jump in on momentum of second wave to next level trying to get at least 50% of a move. I trade TF m5, m15, h1, h4 and I even trade the range if it's big enough to get a good move.

Peace
  • #287,707
  • Sep 1, 2010 2:10am Sep 1, 2010 2:10am
http://cdn.forexfactory.com/images/attach/pdf.gif

2010-098-01_European Forex Technicals (08h19 CET) 001.pdf (12.5 KB)

European Forex Technicals: New EUR/CHF Lows Towards 1.2806

01 Sep 2010, 08:19

By Francis Bray
A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)



Intraday EUR/USD: Tuesday's setback off 1.2744 keeps euro strength capped, and suggests support at 1.2661 is likely to face a fresh attack. Action has been largely corrective and directionless since the August 24 low at 1.2588, but a break below 1.2661 would put bears in control of the near-term, exposing 1.2625 and threatening to put pressure on the 1.2588 low. A sustained push above 1.2709 would point the spotlight at 1.2744 and the August 27 peak at 1.2780.

Weekly chart EUR/USD trend: Bearish.



Intraday USD/JPY: Tuesday's recovery off 83.83 has been maintained, and resistance at 84.58 is likely to face renewed pressure. However, gains look limited to the 84.84 lower high and the pivotal 84.92 area. Failure to break above 84.58 would prompt a setback to 84.25 and the 84.05 area, where the right-hand shoulder of an inverse head-and-shoulders base would be found.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: GBP weakness is likely to continue following the break into fresh five-week lows below 1.5371, and the key 1.5225/30 support level is set for a test. However, a fresh wave of bear pressure is required to force a break below there, creating scope for the 1.5113/26 area on a sustained break below 1.5225. Corrective upside scope is limited to the 1.5460 area.

Weekly chart GBP/USD trend: Bearish.



Intraday USD/CHF: Another lurch lower below 1.0220 Tuesday keeps the dominant bear trend intact, and support at 1.0136 is set to face renewed pressure Wednesday. The downwave equality target at 1.0075 is likely to be met, which coincides with a 29-month bull support line, suggesting a likely area to attract a significant recovery. Only a break above 1.0225 would question the bearish outlook.

Weekly chart USD/CHF trend: Bearish.



Intraday AUD/USD: Support emerged at 0.8861 Tuesday to prompt a strong recovery, and Monday's high at 0.9029 is under threat. A break above there would lift near-term prospects, opening the August 17 lower high at 0.9079 and leaving the August 25 reaction low at 0.8770 as a bear failure in the process. Only a break below 0.8915 would question the bullish outlook and expose the 0.8861 low.

Weekly chart AUD/USD trend: Range.

* The pivot is the sum of the high, low and close divided by 3.


;-)
Attached File(s)
File Type: pdf 2010-098-01_European Forex Technicals (08h19 CET) 001.pdf   12 KB | 325 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #287,708
  • Edited 2:24am Sep 1, 2010 2:11am | Edited 2:24am
Quoting ak4x
I assume you meant 1.2722...

It's the xx20 Pysch level for one thing on any TF you care to look at from 1m to monthly. Beyond that... it was showing up in my old levels some weeks back a'rd mid July...
http://www.forexfactory.com/showthre...22#post3863331 (not the first time it bounced either...)

http://www.forexfactory.com/showthre...22#post3870945

http://www.forexfactory.com/showthre...22#post3874499

Think that's weird...? I...

Thank you.

I can see from your response that I am swimming in some deep waters of knowledge.

I think that I am trying to trade too much when I should be learning....aaaahh

Its only been a few months and i am 50/50 win /losses so am beating myself up at the moment....must get better.
  • #287,709
  • Sep 1, 2010 2:11am Sep 1, 2010 2:11am
Quoting ak4x
Not really, there's still some very good stuff laying a'rd the forum for the picking... on threads where certain things simply aren't tolerated.

Like this bozo who "can't disclose his secrets yet.." He'd be history in a heartbeat anywhere but this thread or the other unmoderated ones that unfortunately attract all the traffic and generate the big $$ for FF. That's why this thread will never change.

Here's the thing... the J16 thread (for instance) is full of guys who share freely and skillfully a'rd the clock. Their multi year posting Track...
Thanks, I'll check out the J16 thread.
  • #287,710
  • Sep 1, 2010 2:12am Sep 1, 2010 2:12am
Quoting Bobbyboy
Thank you.

I can see from your response that I am swimming in some deep waters of knowledge.

I think that I am trying to trade too much when I should be learning....aaaahh

Its only been a few months and i am 50/50 win /losses so am beating myself up at the moment....must get better.
actualy this is great just keep the mm in your mind... lose 20 to get 40
  • #287,711
  • Sep 1, 2010 2:14am Sep 1, 2010 2:14am
tl is geting some good respect... im short from 20... watching 700

moved sl to be... this shouldnt go to much back up???
  • #287,712
  • Sep 1, 2010 2:15am Sep 1, 2010 2:15am
For what it's worth, and that may not be much...

when I put a fib covering the prices in the pic (Daily chart) - slightly adjusted to fit, to me anyway - I get a 23.6 fib right on 1.2720.

I know its not how its done in the book, whatever that is. But it works out more points of contact.
Am I full of it?

Attached Image (click to enlarge)
Click to Enlarge Name: 23.6 fib.png Size: 41 KB
  • #287,713
  • Edited 2:28am Sep 1, 2010 2:16am | Edited 2:28am
usdix now & I see moved as expected last night , more down than up till the bull mature enough perhaps .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.gif Size: 11 KB
Click to Enlarge Name: dx1.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #287,714
  • Sep 1, 2010 2:19am Sep 1, 2010 2:19am
Quoting Vladimir1987
actualy this is great just keep the mm in your mind... lose 20 to get 40
Thats what I have learnt the hard way !! been trading sometimes 10% of pot because my account was small.

Now trading 2% & focusing on not losing money rather than concentrating on making money...dont know if thats the right way but seems to stop me being so gun ho !!.

also learning to place a trade & leave it alone rather than cut losses. Emotions emotions....lol
  • #287,715
  • Sep 1, 2010 2:31am Sep 1, 2010 2:31am
Quoting Shah22
Good morning all
Morning Shah,
good day yesterday...thank you for your insight.
  • #287,716
  • Sep 1, 2010 2:31am Sep 1, 2010 2:31am
Quoting disegnosys

My bias is long for the EU and have been buy her for the past to weeks, but please don't follow me.
I hear that. I trade even shorter terms, but i need to keep track of S/R, i can eliminate a lot of losses that way. Its self evident that the more people that believes in a support, the stronger it gets. Although big bucks does what ever big bucks wants of course.

I think ill talk to my wife until we get out of the 1.2722 - 1.2695 zone, PA aint doing much of anything real anyway.

Just dont want to see my opurunities squashed today between this level and the news coming in this afternoon.
My signature is: "Classified".
  • #287,717
  • Sep 1, 2010 2:33am Sep 1, 2010 2:33am
can i ask u where do you get those data for dow and usdx on mt4???
  • #287,718
  • Sep 1, 2010 2:45am Sep 1, 2010 2:45am
Quoting Bobbyboy
Morning Shah,
good day yesterday...thank you for your insight.
yes yesterday is good..but today still not clear about to trade that.. some big news ahead.. so better is to be sit back and patiently watch the market move.. and really hope at the end of day will be green again..lets see
  • #287,719
  • Sep 1, 2010 2:51am Sep 1, 2010 2:51am
http://cdn.forexfactory.com/images/attach/pdf.gif


2010-098-01_Forex Focus (09h15 CET) 001.pdf (11.8 KB)



Forex Focus: Euro Bears Pick Time To Pounce


By Katie Martin

A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)--Have euro floggers given up?

It rather looks like they have.



;-)
Attached File(s)
File Type: pdf 2010-098-01_Forex Focus (09h15 CET) 001.pdf   12 KB | 368 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #287,720
  • Sep 1, 2010 2:53am Sep 1, 2010 2:53am
Quoting yaed
I hear that. I trade even shorter terms, but i need to keep track of S/R, i can eliminate a lot of losses that way. Its self evident that the more people that believes in a support, the stronger it gets. Although big bucks does what ever big bucks wants of course.

I think ill talk to my wife until we get out of the 1.2722 - 1.2695 zone, PA aint doing much of anything real anyway.

Just dont want to see my opurunities squashed today between this level and the news coming in this afternoon.
Very true on that when it comes to short term trading. I don't usually go down to the tick, m1, or 3m TFs, the m5 seams to go be good enough for me.

You do need to keep track of the larger TFs and levels. Otherwise, as you know your too busy trading then lose track of the big picture and get hit with a 40-100 pip wash out. I mostly get the 5 to 20 pip moves and sometimes the 40-80 pips moves.

I look to just get the singles and doubles and once is a while may be a home run. Soon, I'll only look to take the 5 to 20 pip moves with just larger size.

Peace
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