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Triple taps

  • #601
  • Oct 13, 2010 1:32pm Oct 13, 2010 1:32pm
not that i do not like your indicators.. I do not like rsi lol.. I used to use it all the time. Then i switched to rsx ( I gave you that indie a while back) .. here is a setitng of 14 and how it picks up both longs and sells in eu on a 15 min chart

I have not used it for a while as i rely on vsa

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 146 KB




Quoting cugir321
Here's a 4 hr chart - E/J

Interesting. So you don't like my indicators.

Notice the yellow line in the TDI....it's below the 50 line. The 1 hr is well turned over. The yellow is going flat on the 1hr....that says bear.

Lots of previous divergence on the daily tdi.

Malc....I don't want 1 indicator. There's many things I wouldn't see with 1 indicator. I like seeing the divergence on the tdi. The quick movement of the 3 rsi. The location of price and the TDI bollingers. The cross of the stoch. The sharp angle of the green tdi line.

Yes, Malc,...
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  • #602
  • Oct 13, 2010 1:38pm Oct 13, 2010 1:38pm
Quoting malcolmb14
not that i do not like your indicators.. I do not like rsi lol.. I used to use it all the time. Then i switched to rsx ( I gave you that indie a while back) .. here is a setitng of 14 and how it picks up both longs and sells in eu on a 15 min chart

I have not used it for a while as i rely on vsa

Attachment
also one of the very best indies to spot divergences ..check this one out at bottom of eu today on a 5 ,,,

Also saying in regards to weekly that indies can head down and have bear div for along time before the price turns.... this hapens on rsx on dj form 13000 to 14400 back in 2007.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 156 KB
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  • #603
  • Oct 13, 2010 6:01pm Oct 13, 2010 6:01pm
Look at the daily tdi for the last month.....look at the price....look at the last week. This is one of the reasons I said it's not going up. The TDI flat lines while price rises. Then the tdi drops.

I appreciate your indies. I have the goldminer which is similiar. I use neither anymore. Sorry! Well I now occasionally use the goldminer.
Attached Image (click to enlarge)
Click to Enlarge Name: ej12.gif Size: 20 KB
  • #604
  • Oct 13, 2010 6:22pm Oct 13, 2010 6:22pm
Quoting cugir321
Look at the daily tdi for the last month.....look at the price....look at the last week. This is one of the reasons I said it's not going up. The TDI flat lines while price rises. Then the tdi drops.

I appreciate your indies. I have the goldminer which is similiar. I use neither anymore. Sorry! Well I now occasionally use the goldminer.
but it did go upo right into my tp 01. I closed there as I am only aiming for 90 to 100 pip a trade in this choppy market.

Notice your stochastic on daily dropped under 50 and yet price has barely dropped of recent 10 week highs...suggest we could see a pop any day now.

Anyway I bought again off 113.90 and stop be

113.90 is a high volume pivot form a few days ago , target 114.65 again
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  • #605
  • Oct 13, 2010 6:49pm Oct 13, 2010 6:49pm
The 1 hr had broke the triple tap trend line by 15 pips. It looks to be forming a doji on the 30min. It's bouncing off the resistance 2 line. It looks to be possibly ready to drop.

Draw a trendline on the daily stoch and it's looking down. Sometime soon the weekly is going to play out....it's been up and turning for 2 weeks. The weekly stoch is officially crossed. It could reverse. I doubt it.

Good fortune with it.....

The whole thing is too close to the long term trend line for me.
------------------------------------------------
I did just notice something that I am going to watch. This is the first thing I've seen that says it may go up to the main trend line. The 4 hr stoch you pointed out could also be a bit of a up hint in combo with the rhs formation.

The 4 hr chart looks like a reverse head and shoulders formation. It's official at the 114.65 break point.

If it breaks 114.65 to say 114.69 then I will concede to a trade up to the main trend line. That would be a 100 pip move.


It needs to break 114.41 first.


Quoting malcolmb14
but it did go upo right into my tp 01. I closed there as I am only aiming for 90 to 100 pip a trade in this choppy market.

Notice your stochastic on daily dropped under 50 and yet price has barely dropped of recent 10 week highs...suggest we could see a pop any day now.

Anyway I bought again off 113.90 and stop be

113.90 is a high volume pivot form a few days ago , target 114.65 again
Attached Image (click to enlarge)
Click to Enlarge Name: ej13.gif Size: 21 KB
  • #606
  • Oct 13, 2010 6:56pm Oct 13, 2010 6:56pm
eu close to 1.4000 again in asia
gu has been ripping up all day ...

with being so close to major resistance levels we can play markets both ways. I am preferring buy dips though , much like the one we saw in GU and eu thru london yesterday .Could be sell London buy us session. I have seen that pattern before for 2 weeks in a sideways market.

NZD dropped on news to 7575.... a buy for potential 50 pip move.



Quoting cugir321
The 1 hr had broke the triple tap trend line by 15 pips. It looks to be forming a doji on the 30min. It's bouncing off the resistance 2 line. It looks to be possibly ready to drop.

Draw a trendline on the daily stoch and it's looking down. Sometime soon the weekly is going to play out....it's been up and turning for 2 weeks. The weekly stoch is officially crossed. It could reverse. I doubt it.

Good fortune with it.....

The whole thing is too close to the long term trend line for me.
------------------------------------------------
[b]I did...
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  • #607
  • Oct 13, 2010 7:01pm Oct 13, 2010 7:01pm
nzd/us looks good....got in a little late....thanks

malc....look at the chart above....i added it to last post


Quoting malcolmb14
eu close to 1.4000 again in asia
gu has been ripping up all day ...

with being so close to major resistance levels we can play markets both ways. I am preferring buy dips though , much like the one we saw in GU and eu thru london yesterday .Could be sell London buy us session. I have seen that pattern before for 2 weeks in a sideways market.

NZD dropped on news to 7575.... a buy for potential 50 pip move.
  • #608
  • Oct 13, 2010 7:07pm Oct 13, 2010 7:07pm
holy smoke somebody drop a rock..
.
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  • #609
  • Oct 13, 2010 7:10pm Oct 13, 2010 7:10pm
nice..... lol
Quoting forex3e
holy smoke somebody drop a rock..
.
  • #610
  • Oct 13, 2010 7:11pm Oct 13, 2010 7:11pm
Quoting cugir321
nzd/us looks good....got in a little late....thanks

malc....look at the chart above....i added it to last post
could be bull flag also ...

eu break 1.4000 I bet she takes out a bunch of stops and rips. This may give inbalance to ej in euro's favour.

USD getting hammered in asia.
Blogging daily now at www.volume.zone
  • #611
  • Oct 13, 2010 7:13pm Oct 13, 2010 7:13pm
E/J - I don't know if you saw my post above.

Read the bottom part with the chart.

This is a reverse head and shoulders formation. If it breaks a few lines then you may get your rocket ship. Don't piss yourself yet. I'm not sure it will pan out.

here I'll copy it here.

------------------

I did just notice something that I am going to watch. This is the first thing I've seen that says it may go up to the main trend line. The 4 hr stoch you pointed out could also be a bit of a up hint in combo with the rhs formation.

The 4 hr chart looks like a reverse head and shoulders formation. It's official at the 114.65 break point.

If it breaks 114.65 to say 114.69 then I will concede to a trade up to the main trend line. That would be a 100 pip move.


It needs to break 114.50 first. Then 114.65

I'm not gonna rub it in....your a session late. I remember what you said. I may be wrong too.

It's bumped 114.65 just now.
Attached Image (click to enlarge)
Click to Enlarge Name: ej13.gif Size: 21 KB
  • #612
  • Oct 13, 2010 7:14pm Oct 13, 2010 7:14pm
Quoting cugir321
nzd/us looks good....got in a little late....thanks

malc....look at the chart above....i added it to last post
7633 daily r .. this taken out 7760 next stop
Blogging daily now at www.volume.zone
  • #613
  • Oct 13, 2010 7:16pm Oct 13, 2010 7:16pm
ej vroom vroom ...lol

Quoting cugir321
I don't know if you saw my post above.

Read the bottom part with the chart.

This is a reverse head and shoulders formation. If it breaks a few lines then you may get your rocket ship. Don't piss yourself yet. I'm not sure it will pan out.

here I'll copy it here.

I did just notice something that I am going to watch. This is the first thing I've seen that says it may go up to the main trend line. The 4 hr stoch you pointed out could also be a bit of a up hint in combo with the rhs formation.

The 4 hr chart looks like a reverse head and...
Blogging daily now at www.volume.zone
  • #614
  • Oct 13, 2010 7:19pm Oct 13, 2010 7:19pm
Quoting malcolmb14
could be bull flag also ...

eu break 1.4000 I bet she takes out a bunch of stops and rips. This may give inbalance to ej in euro's favour.

USD getting hammered in asia.
80 pip in 15 min in asia... that is what I am calling rippage ...
Blogging daily now at www.volume.zone
  • #615
  • Oct 13, 2010 7:21pm Oct 13, 2010 7:21pm
All hands on deck...get your eyes on E/J!!!! If it breaks 114.65 it may rocket up.
  • #616
  • Oct 13, 2010 7:24pm Oct 13, 2010 7:24pm
Quoting cugir321
All hands on deck...get your eyes on E/J!!!! If it breaks 114.65 it may rocket up.
odd market really .odd ... look at the moves in asia... someone seriously got a hate on for usd ... don't you love currency wars ? china likely buying euro like mad.

NZD testing us session highs
Blogging daily now at www.volume.zone
  • #617
  • Edited Oct 14, 2010 9:25am Oct 13, 2010 7:28pm | Edited Oct 14, 2010 9:25am
i am a fat cow today


Quoting forex3e
its true there is a lot of buying at the end of 1-4-6 level @1.3780 and price has reacted to the current minimum 1-4a take profit area.. all in the concept of mr wolfe pattern.. if this break i would look for that 1-4b target

price at target
.
  • #618
  • Oct 13, 2010 7:44pm Oct 13, 2010 7:44pm
good one!!!!

Quoting forex3e
i am a fat cow today





price at target
.
  • #619
  • Oct 13, 2010 7:45pm Oct 13, 2010 7:45pm
Yes I see nzd....it hit the trend line.



Quoting malcolmb14
odd market really .odd ... look at the moves in asia... someone seriously got a hate on for usd ... don't you love currency wars ? china likely buying euro like mad.

NZD testing us session highs
  • #620
  • Oct 13, 2010 9:17pm Oct 13, 2010 9:17pm
E/J keeps proving me right.....I thought it was going up....broke 114.65 just a tad. It seems to want down!!! I'm in long at 114.72 I'm not holding my breath. I still think down.

If it goes it will be this next time up.
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