Morning everbody...
today is another big day..........
- #288,121
- Sep 2, 2010 2:11am Sep 2, 2010 2:11am
- | Joined Aug 2010 | Status: Trader | 1,133 Posts
today is another big day..........
- #288,122
- Sep 2, 2010 2:18am Sep 2, 2010 2:18am
yes morning too.. looks like you still lazy..so must be fresh you up and then look at the platform
Charts tell me not much happened since US close.
Still holding to my earlier posted outlook for EU:
http://www.forexfactory.com/showpost.php?p=3993233&postcount=287948
If 2850-60 holds this week, I am short. If it breaks, bullish confirmation.
- #288,123
- Sep 2, 2010 2:18am Sep 2, 2010 2:18am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #288,131
- Sep 2, 2010 2:51am Sep 2, 2010 2:51am
- Joined Apr 2009 | Status: Live and learn. | 25,165 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #288,135
- Sep 2, 2010 2:58am Sep 2, 2010 2:58am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #288,136
- Sep 2, 2010 2:59am Sep 2, 2010 2:59am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
waiting waiting waiting
I hate you now.!
just kidding.
well... the lines what they mean are resistance lines.
I draw the grid like that at fixed intervals and the price seems to obey the grid until now that is..
I see more grids of different angles but it takes some time to draw.
This thumbs up are confluince points.
Those are points where more resistance lines come together.
Those points are 2 way magnets.
Once hit it can loose its power and the price either goes the other way or not.. If not get out of the way or get hurt.
So you can place trades with tight...
.The yellowish lines are Fibo levels. What are the red ones? I can't make those out...I mean where do they come from.
With respect to the grid, it looks like you use a 250pip grid..what determines the angle of the lines? And why 250? Experience or it comes from some theory?
I'll incorporate your answers (I'm doing it in TeX and will produce a PDF) into the document, and will send it to you before posting to weed out any misunderstandings.
Keep up the good work.
- #288,138
- Sep 2, 2010 3:18am Sep 2, 2010 3:18am
- Joined Jan 2010 | Status: .... | 3,910 Posts
Not over yet
The yellowish lines are Fibo levels. What are the red ones? I can't make those out...I mean where do they come from.
With respect to the grid, it looks like you use a 250pip grid..what determines the angle of the lines? And why 250? Experience or it comes from some theory?
I'll incorporate your answers (I'm doing it in TeX and will produce a PDF) into the document, and will send it to you before posting to weed out any misunderstandings.
Keep up the good work.
I was just drawing lines and saw this appearing.
The red lines are support resistance lines.
They acted as powerfull support and / or resistance before.
My trading method is find confluince points and when they are hit trade them.
This chart was just an experiment to finding these points and see if some are hit.
Don't think too highly of it.
Simple charts with just a few lines and maybe a fib are much better to base a trade on..
