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  • #316,241
  • Oct 29, 2010 7:54am Oct 29, 2010 7:54am
this is simple chart .

i see first target .

i guess if this area cleared away , new rally might start .

any thoughts ?
Attached Image (click to enlarge)
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I SEE YOU !!
  • #316,242
  • Oct 29, 2010 7:55am Oct 29, 2010 7:55am
After last night Tokyo session where I-D high was tested, no real test anything with good volume has occurred.

Sunday, Monday, Happy Days.
Tuesday, Wednesday, Happy Days.
Thursday, Friday, Happy Days.
The weekend comes,
My cycle hums,
Ready to race to you.

They think they are smarter than I am.
  • #316,243
  • Oct 29, 2010 7:56am Oct 29, 2010 7:56am
Quoting T@rantula
They dont want to be prone to some probing or any unexpected news release during weekends. The amount of capital involved is so huge so when they close positions market makers can turn whatever they want to. There is no market to defend it.

During Friday markets tend to prepare for the next week. Thats why Monday is usually indecisive. Tuesday and Wednesday are pretty good.
that makes sense, thanks.

alright, time for a nap. i think, we'll see 1.4 as a preparation for next week ;-)
  • #316,244
  • Oct 29, 2010 7:57am Oct 29, 2010 7:57am
Quoting goods
It would be nice to hit 1.4079 100% retracement. looks like that could possibly call for double top if it breaks through the 1.400x downtrend channel
Now trading above 50% level.
Know when to hold em, Know when to fold em!
  • #316,245
  • Oct 29, 2010 8:04am Oct 29, 2010 8:04am
Watch this!! will they push it lower hmmm nrs are not bad us amateur jump maybe.
Attached Image (click to enlarge)
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  • #316,246
  • Oct 29, 2010 8:05am Oct 29, 2010 8:05am
Quoting Mr Hatch
that makes sense, thanks.

alright, time for a nap. i think, we'll see 1.4 as a preparation for next week ;-)
np
  • #316,247
  • Oct 29, 2010 8:06am Oct 29, 2010 8:06am
Quoting ingmarforex
Watch this!! will they push it lower hmmm nrs are not bad us amateur jump maybe.
eu currently trading above 00 level 1.3900
Know when to hold em, Know when to fold em!
  • #316,248
  • Oct 29, 2010 8:06am Oct 29, 2010 8:06am
I haven't traded since the LO, I'm tired of waiting for a set up. Would like to buy a dip here. The hell with it...I'm done. Good trading to all and have a good weekend MOFO's....
Look Sharp/Trade Tight
  • #316,249
  • Oct 29, 2010 8:09am Oct 29, 2010 8:09am
Quoting PayTheLimit
I haven't traded since the LO, I'm tired of waiting for a set up. Would like to buy a dip here. The hell with it...I'm done. Good trading to all and have a good weekend MOFO's....
Dip at 1.3890, target 1.3945.
They think they are smarter than I am.
  • #316,250
  • Oct 29, 2010 8:09am Oct 29, 2010 8:09am
It start to look like triangle formation to me, nice ab - and c up, for confirmation of triangle, the E leg is normally 5 wave structure and doesn't need to end on the line of the triangle!!! From end of E leg is good count on my parer 428 pips up in wave 5

But what is for sure - we have 35°C, water - 28°C, wind 5 and flat Windsurfing time

Nice weekend to all
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  • #316,251
  • Oct 29, 2010 8:09am Oct 29, 2010 8:09am
Up +60 with +19 locked in with postive SL (what I lost yesterday)

Going to ride this as long as a can as per trend magic indi from this point.

I got up at 1100 and counted a L,H,LH pattern and trendmagic suggested long. So I got in at 1.38550 pre news hoping to catch the inevitable news spike, (and hoping it was in my favor and didn't take me out)

I trail my stop using the trendmagic indicator when it creates a new level to the one below that has not been breached.

When news hit I came within a hair of being stopped out at my -10 SL, then the news spike took price in my direction.

P.S. Just posting because at this point there is nothing to do but watch the trade, hope it goes higher and continue trailing my stop postive.
Attached Image (click to enlarge)
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  • #316,252
  • Oct 29, 2010 8:09am Oct 29, 2010 8:09am
I found this on my chart now...so i think we can see 1.4010-25...fib extension...138 retracement...trendline...leg C ???

i want to see

good weekend
Attached Image (click to enlarge)
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  • #316,253
  • Oct 29, 2010 8:10am Oct 29, 2010 8:10am
I'm done for the week, have a nice day&weekend everyone.
  • #316,254
  • Oct 29, 2010 8:10am Oct 29, 2010 8:10am
No more trade on the Euro...gbpusd H4 looks like a big bull trap.
And since we are freaky friday...i will just look
COT: The precious data ignored
  • #316,255
  • Oct 29, 2010 8:11am Oct 29, 2010 8:11am
Quoting Z3iz3i
Dip at 1.3890, target 1.3945.
Quoting PayTheLimit
support now 3892/94....
Look Sharp/Trade Tight
  • #316,256
  • Oct 29, 2010 8:11am Oct 29, 2010 8:11am
Quoting FibbinArchie
I 100% agree, can be very powerful if used correctly...
I have realised tick volume has a point were its correct for a certain length of price bar . and you have to assess what is the right amount of volume for your t/f candle.

if you have too much volume on say a green bar it can be strong indication that there is selling.
If your green candle stops growing but the volume bar keeps pushing up thats selling pressure.
If you form few green candles with average volume then you get smaller candles with same volume or greater volume Your getting to the top.

As the book says its the same as an accelerator pedal on a car.

The cars movement is price we gotta work out ,is the amount we are pressing accelerator being reflected in the cars movement.

eg : if you got accelerator pressed full( huge volume bar)
Its likely your parked again a brick wall, dont be daft put it in reverse (retrace) and try in direction there no walls .
this is how i interpret volume and it helps me more than naked trading.
making green pips large and red pips small this is my goal.
  • #316,257
  • Oct 29, 2010 8:12am Oct 29, 2010 8:12am
3970 should be next target as the usdx drops like a rock
  • #316,258
  • Oct 29, 2010 8:12am Oct 29, 2010 8:12am
short term view
thinking out loud and pocketing 60 pips @ 78 fib in case anything goes wrong

any thoughts ?
Attached Image (click to enlarge)
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I SEE YOU !!
  • #316,259
  • Oct 29, 2010 8:13am Oct 29, 2010 8:13am
Smart decision. If your patience is gone is always better to take a break... Enjoy the weekend and good luck next week

sisse

Quoting PayTheLimit
I haven't traded since the LO, I'm tired of waiting for a set up. Would like to buy a dip here. The hell with it...I'm done. Good trading to all and have a good weekend MOFO's....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #316,260
  • Oct 29, 2010 8:14am Oct 29, 2010 8:14am
Quoting KumoDragon
Going to ride this as long as a can as per trend magic indi from this point.

.
Kumo that is a nice indicator it looks like it looks at hh hl and lh ll and shows a break out a very easy visual way to see if price trades above or below current price on a decent tf chart.

Would you be kind enough to post that indicator please
Know when to hold em, Know when to fold em!
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