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  • #14,421
  • Oct 6, 2010 1:19pm Oct 6, 2010 1:19pm
Quoting Baniu
Hi Khurr@m,

Corrective move doesn't have to be huge, what is important, is that this hammer (05.10.2010) has nice size, is situated at significant support (so we
may assume that it is not "bond" candle) and that immediate trend is up.



And I don't understand why you would like to go short here, waiting for hanging man. Are you suprised that there is no hanging man? Please make it more clear.



Take care,
Baniu
Khurr@m has it correct. Look at the Boss AUDJPY - that tells you everything you need to know.

Don't get me going again on the hanging man!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,422
  • Oct 6, 2010 2:27pm Oct 6, 2010 2:27pm
Quoting Khurr@m
i red many people talking about nice hammer on AUDJPY daily.

Yes, the shape looks perfect and tail touches the 20 but as per my understanding of the thread and in general a hammer is meaningful only when formed after a downward trend and currently price is in a range. and if price is not ranging at the moment than it should be a hang man not a hammer. please correct me if i am wrong.

So i am waiting for a more precise price action

Hi Khurr@m[IMG]http://cdn....icon7.gif[/IMG]


This pair is going sideways for 15 days now, there is no opportunities here at all. There is more PA elsewhere.

Happy Tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #14,423
  • Oct 6, 2010 2:34pm Oct 6, 2010 2:34pm
Line in the sand..........
Attached Image (click to enlarge)
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  • #14,424
  • Oct 6, 2010 2:37pm Oct 6, 2010 2:37pm
Shhhhhhh.........not yet but very close
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud22102010d.png Size: 43 KB
  • #14,425
  • Edited 4:30pm Oct 6, 2010 3:58pm | Edited 4:30pm
Quoting simpleman
Line in the sand..........
I have a buy order placed just above that line in the sand..... If it breaks through we just may have a run.

If I get triggered I have my acceptable loss figured in so I have no stress.
  • #14,426
  • Oct 6, 2010 4:01pm Oct 6, 2010 4:01pm
NFP on Friday

Be careful placing trades on Thursday as Thursday usually slows down ahead of NFP.

Watch out for SNB and BOJ intervention!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,427
  • Edited 4:17pm Oct 6, 2010 4:05pm | Edited 4:17pm
Hello guys, I just wanted to pinpoint something that appears like a bug to me. It is about how mt4 is plotting ema.

Please do this:
place a 4 ema on day
place a 24 ema on 4h

Basically we should see how same ema works on 4h and daily.
Which is not!! see pictures, the first showing 24 (4x6) ema on 4h, the second showing 4 ema on daily, we can see clearly that on daily the 4 ema is cutting through candles while on 4h the 24 it is just supporting.
With higher values, like the ones we are using we don't have this error (apparently), and ema are basically plotting the same way, but definitely we have something wrong here.
Maybe this is not affecting our system but since we are plotting our ema the same way, I think it is something we should be aware of.
Regards
Max
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 18 KB
Click to Enlarge Name: day.gif Size: 19 KB
  • #14,428
  • Oct 6, 2010 4:17pm Oct 6, 2010 4:17pm
Quoting dorellino
Hello guys, I just wanted to pinpoint something that appears like a bug to me. It is about how mt4 is plotting ema.

Please do this:
place a...
This is due to the way MT4 plots MAs etc.

This problem is resolved by only having the 20 and 50 on your Worker and then toggling over to the Boss and then the Big Boss plus it leaves you with cleaner charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,429
  • Oct 6, 2010 4:30pm Oct 6, 2010 4:30pm
Quoting strat
NFP on Friday

Be careful placing trades on Thursday as Thursday usually slows down ahead of NFP.

Watch out for SNB and BOJ intervention!
Thanks.
  • #14,430
  • Oct 6, 2010 6:34pm Oct 6, 2010 6:34pm
Quoting tradestar1
I have a buy order placed just above that line in the sand..... If it breaks through we just may have a run.

If I get triggered I have my acceptable loss figured in so I have no stress.
What if you don't have classic PA and price still goes above R. What I would do is let it go and re-test and then go long.
  • #14,431
  • Oct 6, 2010 9:57pm Oct 6, 2010 9:57pm
Quoting simpleman
What if you don't have classic PA and price still goes above R. What I would do is let it go and re-test and then go long.
I guess we are going to find out since my buy stop was just hit.........
  • #14,432
  • Oct 7, 2010 5:33am Oct 7, 2010 5:33am
Quoting strat
Khurr@m has it correct. Look at the Boss AUDJPY - that tells you everything you need to know.

Don't get me going again on the hanging man!
Ok I see it.
So you would consider taking trade on this hammer as very risky because
Boss hasn't said his last word?

When it comes to opportunities on AUD crosses lately, which one would you
consider to be the best and why? Audcad, Audusd?

Thanks
Chris
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #14,433
  • Oct 7, 2010 5:44am Oct 7, 2010 5:44am
[quote=Khurr@m;4077790]Hi Bainu,

Now price is ranging for last fifteen days although before that it was in an uptrend. For me now the trend has gone. during this period there are five dojis on my chart sufficient to tell me that market is not sure what to do next. also see the boss chart last two candles are dojis. So, i am waiting for some more confirmation before going either Long or Short

No, i am not looking for a hangman

[quote=Baniu;4077470]

Hi Khurr@m

As Strat wrote you were right, thanks for learning opportunity.
Let's see what happens on this cross later and if Boss gives clear signal "go long".

BR
Chris
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #14,434
  • Oct 7, 2010 1:00pm Oct 7, 2010 1:00pm
After AUDUSD broke through the last R at 0.985, it was rejected by FE 100.
Maybe a correction is needed in order to sustain a "healthy" trend.
Attached Image (click to enlarge)
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  • #14,435
  • Oct 7, 2010 1:33pm Oct 7, 2010 1:33pm
Quoting hcristea
After AUDUSD broke through the last R at 0.985, it was rejected by FE 100.
Maybe a correction is needed in order to sustain a "healthy" trend.
Come on, Hoaratiu, you know better than that. FE 100 was a coincidence; the real reason is R at 0.9850 where buyers TP.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,436
  • Oct 7, 2010 2:10pm Oct 7, 2010 2:10pm
Quoting strat
Come on, Hoaratiu, you know better than that. FE 100 was a coincidence; the real reason is R at 0.9850 where buyers TP.
You're right. I dont think FE level was the cause.
Before I was a fib addict and I still have the old habit of observing such coincidences (like this one and the one on EURUSD FE 100 and 1.40 R )
  • #14,437
  • Oct 7, 2010 2:32pm Oct 7, 2010 2:32pm
Quoting tradestar1
I guess we are going to find out since my buy stop was just hit.........
Well got stopped out...... minimal loss..... will wait for a bit now.... llikely till next week after NFP.
  • #14,438
  • Oct 7, 2010 3:26pm Oct 7, 2010 3:26pm
Quoting tradestar1
Well got stopped out...... minimal loss..... will wait for a bit now.... llikely till next week after NFP.
Lesson to be learned: Don't trade ahead of NFP - EVER!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,439
  • Oct 7, 2010 3:46pm Oct 7, 2010 3:46pm
AUD/JYP......
I don't think NFP really has a lot to do with those pairs........ I think gold prices and BOJ have more to do with them.
  • #14,440
  • Oct 7, 2010 3:51pm Oct 7, 2010 3:51pm
Quoting strat
Lesson to be learned: Don't trade ahead of NFP - EVER!
Hi Strat,
Couple of questions if I may regarding your comment on NFP.
Do you recommend staying out of trades on all pairs prior to NFP or just the USD crosses?
How many days before NFP would you stay out for?
Study enough and it all starts looking like the Matrix...
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