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  • #293,761
  • Sep 20, 2010 12:57am Sep 20, 2010 12:57am
Quoting fontu
Morning to all . who come first ,egg or hen , up or down ? just a morning /early confusion , so far up .if 3084 level not stop then and if 3116 also breaks up or even fall to 3020 & bounce then it may go up to even a new top first , probably , otherwise down to even 2920, even 2913.

fontu
we got a long wick on the last daily close. and 8hr had some tweezers tops. a few periods ago. that plus the a gartley on eu and ej... makes me believe we go lower. not to mention usdx gartley saying usd gets stronger.
those who can, do. those who cant, talk about those who can
  • #293,762
  • Sep 20, 2010 1:01am Sep 20, 2010 1:01am
Quoting Alexson
eurusd might not hit the resistance for now

huge possibility will be a drop for eurusd

im closing my long at 1.3090

waiting for a market open to decide where to trade

too dead today market
judging from audusd if eurusd rise surpass 1.31xx

audusd will break 3 resistance top will be on a new high again

watch it clearly
  • #293,763
  • Sep 20, 2010 1:01am Sep 20, 2010 1:01am
Quoting gatorinla
we got a long wick on the last daily close. and 8hr had some tweezers tops. a few periods ago. that plus the a gartley on eu and ej... makes me believe we go lower. not to mention usdx gartley saying usd gets stronger.
what's the win % using gartley pattern?
  • #293,764
  • Sep 20, 2010 1:09am Sep 20, 2010 1:09am
Quoting nahman
what's the win % using gartley pattern?
I see gartly % win should be almost 100 if identified correctly & not lust more to take , almost 100% cases bets do act positive . smaller tf ones can't be consider all the time though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,765
  • Sep 20, 2010 1:12am Sep 20, 2010 1:12am
Quoting nahman
what's the win % using gartley pattern?
higher % then most traders. as for as wins go.. but 0 is a win in my book.. a true gartley i have heard 70/80 %...we have them on apposing pairs. all pointing in the same direction.. but they are on big time. and draw-downs can be large. google or youtube may answer your questions better.
those who can, do. those who cant, talk about those who can
  • #293,766
  • Sep 20, 2010 1:15am Sep 20, 2010 1:15am
Quoting fontu
I see gartly % win should be almost 100 if identified correctly & not lust more to take , almost 100% cases bets do act positive . smaller tf ones can't be consider all the time though .
fontu
Thanks, also, I have a strategy which was 85% accurate with 1:1.2 Risk:reward rate in first 7 months of the year, if strategy in past two months is is around 54% should I scrap it? (overall at the moment including past two months it's dropped to 75%)

I'm a bit undecided as to what to do :

Any pointers would be most appreciated!
  • #293,767
  • Sep 20, 2010 1:16am Sep 20, 2010 1:16am
Morning folks

So for the third day in row we are in a battle to break through the Daily pivot. Since the 13th we are in a pretty significant uptrend, that has is about 3/4 of the way to overbought considering slow fast relative strength (red RSI), although slow relative strength (yellow) is no where near overbought, there is a lot of room for say a small retrace today and then strong upwards again. However if we dont break daily pivot sometime soon bulls will probably get tired today or tommorrow.

As you can see we are high i the green channel, which also is a sign of some overbought state, while also being high in the small timeframe purple channel.

But important to note is the daily pivot i think, if we break through it and stay through, we can se a bull rush, but eventually bulls will get tired of the DPV battle and go home empty handed if we are at it if we cant seem to break through.

So if i had to call this id say pretty much as i did monday, .6 probability of ending down today, and .4 probability of ending up.

EDIT: The colors come out really bland in a jpeg...
Attached Image (click to enlarge)
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My signature is: "Classified".
  • #293,768
  • Sep 20, 2010 1:17am Sep 20, 2010 1:17am
Quoting gatorinla
higher % then most traders. as for as wins go.. but 0 is a win in my book.. a true gartley i have heard 70/80 %...we have them on apposing pairs. all pointing in the same direction.. but they are on big time. and draw-downs can be large. google or youtube may answer your questions better.
then again most traders fail lol
Cheers.
  • #293,769
  • Sep 20, 2010 1:19am Sep 20, 2010 1:19am
Long from 1.3075. While futures are rising I'm a buying.
  • #293,770
  • Sep 20, 2010 1:22am Sep 20, 2010 1:22am
Looser can't be winner. Bear just looser, bear side big boys are just stupid
You cannot learn better without losing
  • #293,771
  • Sep 20, 2010 1:23am Sep 20, 2010 1:23am
Quoting fosking
Long from 1.3075. While futures are rising I'm a buying.
Maybe you should add to that IF we break through 1.308491 ish, seems to be pretty tough support there.
My signature is: "Classified".
  • #293,772
  • Sep 20, 2010 1:23am Sep 20, 2010 1:23am
Quoting gatorinla
we got a long wick on the last daily close. and 8hr had some tweezers tops. a few periods ago. that plus the a gartley on eu and ej... makes me believe we go lower. not to mention usdx gartley saying usd gets stronger.
Thanks for the information , yes checking h1 tf tdsc , next hr candle close may decide for the short perhaps as is rally up now , may 3092-3107 top trading range levels H1 , play may before that .waiting it do as start scalping short.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,773
  • Sep 20, 2010 1:25am Sep 20, 2010 1:25am
Quoting nahman
then again most traders fail lol
Cheers.
so do most relationships.
those who can, do. those who cant, talk about those who can
  • #293,774
  • Sep 20, 2010 1:28am Sep 20, 2010 1:28am
Quoting gatorinla
so do most relationships.
And that's why the world is a happy place
  • #293,775
  • Sep 20, 2010 1:29am Sep 20, 2010 1:29am
Quoting fosking
Long from 1.3075. While futures are rising I'm a buying.
Well that was a quick trade. Stopped out at b/e
  • #293,776
  • Sep 20, 2010 1:31am Sep 20, 2010 1:31am
i will follow audusd go
  • #293,777
  • Sep 20, 2010 1:33am Sep 20, 2010 1:33am
Quoting fosking
Well that was a quick trade. Stopped out at b/e
Hey you really should set youreself up with a RSI on M1, if you would have, i doubt you should have taken that trade.
My signature is: "Classified".
  • #293,778
  • Sep 20, 2010 1:34am Sep 20, 2010 1:34am
3055-65 is the key support for bull. Real bull will keep it by any cost
You cannot learn better without losing
  • #293,779
  • Sep 20, 2010 1:35am Sep 20, 2010 1:35am
EU is aiming for 3125, im long with stops below 3031
  • #293,780
  • Sep 20, 2010 1:35am Sep 20, 2010 1:35am
Quoting yaed
Hey you really should set youreself up with a RSI on M1, if you would have, i doubt you should have taken that trade.
I'll have a look. I never have the M1 chart open, thanks.
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