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  • #313,501
  • Oct 25, 2010 4:26pm Oct 25, 2010 4:26pm
If it breaks down it should go to the first red line.
Attached Image (click to enlarge)
Click to Enlarge Name: pips1.gif Size: 17 KB
  • #313,502
  • Oct 25, 2010 4:27pm Oct 25, 2010 4:27pm
yes, but it's contradicting this article:
Fed’s Dudley: Repeats;More Action Likely Unless Econ Improves
  • #313,503
  • Oct 25, 2010 4:29pm Oct 25, 2010 4:29pm
Quoting egkid
Simply
If u don't know why 1.4050 most important Then u know nothing about what's going on.
i never said i knew. care to enlighten me?
  • #313,504
  • Oct 25, 2010 4:29pm Oct 25, 2010 4:29pm
Quoting Mr Hatch
i am asking myself, if 1.4 is enough to improve us-data significantly. the monthly tl sits only a couple hundred pips higher, but that value would hurt ez dramatically.

to be honest, im not even following quantitative data anymore. It just confuses me since there's so much manipulation going on. Everything i need is right in front of me.
  • #313,505
  • Edited 5:01pm Oct 25, 2010 4:31pm | Edited 5:01pm
I agree but I only stop at 40 pips, if its doing good, i might buy another one so it can come up to another 15-20 pips due weakening, i might stop there. I will wait for a few hours to bypass the new bars until the bar is readable. I only trade in those time-frames 1hr-4hr-1day.

If 4HR and Daily time-frames are bearish, when I want to sell, I want to make sure that I am in a good spot. I go on 15M time-frame to make sure what direction it is in. If its bearish- then sell right away, if its bullish, I will wait until the 15M signal changed to Bearish, then sell to avoid the risk to your margin balance . If 15M time frame is bullish, give it time to change its direction since 4HR & Daily time-frames are bearish. Then my 1HR time-frame will produce good result and many pips to catch!

Tip: Always view daily first before smaller time frames. If the daily is low like neutral- (cross) - doesn't know where to go- then I wouldn't hold my trades more than 4 hours- It will be "on and off trading" mode. If the daily bar is clearly then i will stay longer than 4 hours without worrying! You will have to monitor 1HR & 4HR time-frames instead daily because its unreadable, until it's readable then move to 4HR & Daily time-frames.

-AtomAnt'
  • #313,506
  • Oct 25, 2010 4:31pm Oct 25, 2010 4:31pm
Quoting egkid
Simply
If u don't know why 1.4050 most important Then u know nothing about what's going on.
Please explain to someone new too trading?.....I do know it had a major rejection in December 2008 and it took two months to break through in May and June 2009
Enter Signature
  • #313,507
  • Oct 25, 2010 4:34pm Oct 25, 2010 4:34pm
Quoting mfoste1
to be honest, im not even following quantitative data anymore. It just confuses me since there's so much manipulation going on. Everything i need is right in front of me.
they need reasons, that's the way i treat the news currently.
  • #313,508
  • Oct 25, 2010 4:34pm Oct 25, 2010 4:34pm
Quoting Mr Hatch
i never said i knew. care to enlighten me?
Look in higher TF and check OR wait when we reach 1.38 i tell u
  • #313,509
  • Oct 25, 2010 4:35pm Oct 25, 2010 4:35pm
Went long Fib with tight stop loss... Gotta get some kip for work tomorrow.... Safe trading all


Quoting pipper
Has crossed now but still no sign of sellers and still supported by 200MA... Could be a long from here..

Need to see how it reacts over next 15-30mins
Disclaimer: Check your 1m charts
  • #313,510
  • Oct 25, 2010 4:35pm Oct 25, 2010 4:35pm
Quoting egkid
Simply
If u don't know why 1.4050 most important Then u know nothing about what's going on.
It doesn't matter how knowledgable you are, it's impossible to know exactly what is going on. If you think you know, then the market will simply show you that you have no Idea what you're talking about.
  • #313,511
  • Oct 25, 2010 4:37pm Oct 25, 2010 4:37pm
Quoting Skrillex
If it breaks down it should go to the first red line.
finally someone keen to a usefull cooperation!
I agree, the RRR is pretty good to set some sell stops!
  • #313,512
  • Oct 25, 2010 4:40pm Oct 25, 2010 4:40pm
4050 - 61.8% fib retrace of late 2008 to end of 2009 up swing, also very strong resistance area dating back to 1992?
  • #313,513
  • Oct 25, 2010 4:41pm Oct 25, 2010 4:41pm
Quoting egkid
Look in higher TF and check OR wait when we reach 1.38 i tell u
thanks. i see the it now.
  • #313,514
  • Oct 25, 2010 4:53pm Oct 25, 2010 4:53pm
u still there pipper, it just broke your level...
  • #313,515
  • Oct 25, 2010 4:59pm Oct 25, 2010 4:59pm
conchy you said no going against daily trend so i been buying all day ... blown my acocunt up now ... lol

Asia move yesterday classic bull trap... what a sell opp.
Blogging daily now at www.volume.zone
  • #313,516
  • Oct 25, 2010 4:59pm Oct 25, 2010 4:59pm
yep but I been saying that for last few days and every time I wake in the morning I found this market has defied gravity.

I am short biased by the way.

Quoting mfoste1
eu has been rejected 6 times now above 1.40.........there is simply not enough demand above that level to warrant higher bidding.
  • #313,517
  • Oct 25, 2010 5:00pm Oct 25, 2010 5:00pm
Seems, joking about a dollar the same as euro at parity. The time for selling eurusd as for me )
Trend is your enemy, moneymanagement - your friend
  • #313,518
  • Oct 25, 2010 5:00pm Oct 25, 2010 5:00pm
Quoting spivvster
It doesn't matter how knowledgable you are, it's impossible to know exactly what is going on. If you think you know, then the market will simply show you that you have no Idea what you're talking about.
how wrong you are ,,,,

there are certain things that happen and history repeats itself over and over.

Reacting to indicators is a sure way to lose money in the long run as what works one day will not work the next.

stodying history in the charts and the games they play will make you rich
Blogging daily now at www.volume.zone
  • #313,519
  • Oct 25, 2010 5:01pm Oct 25, 2010 5:01pm
Quoting malcolmb14
conchy you said no going against daily trend so i been buying all day ... blown my acocunt up now ... lol

Asia move yesterday classic bull trap... what a sell opp.

That is why we respect you as a master....
The Market pays you to be disciplined
  • #313,520
  • Oct 25, 2010 5:02pm Oct 25, 2010 5:02pm
Quoting mima
That is why we respect you as a master....
sold 1.4010 this morning in us.... did not take it last night just was not 100% sure
Blogging daily now at www.volume.zone
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