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  • #319,861
  • Nov 5, 2010 3:49am Nov 5, 2010 3:49am
fine, thank you. waiting for the H4-support to be hit to enter the biggest long i ever did. 2 micro-lots

btw: H4 shows a nice bullish setup soon, if we don't pop through. confirmation? i cannot read indicators, so please help me...
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  • #319,862
  • Nov 5, 2010 3:53am Nov 5, 2010 3:53am
Quoting chonchy
how are you doing my friend?
Always good..what about u ?
COT: The precious data ignored
  • #319,863
  • Nov 5, 2010 3:55am Nov 5, 2010 3:55am
Quoting The Fool
hola don Carlos
hello my friend, seeing that london dosen't want to buy dollars just like you said earlier.........
The Chonchy
  • #319,864
  • Nov 5, 2010 3:55am Nov 5, 2010 3:55am
Quoting sisse
If you are into chart patterns Check Bulkowski (Encyclopedia of Chart Patterns) in Amazon or in your local library. It's probably the only serious source of info on the topic. Just my 2 cents.

sisse
Thanks. I'll do. For this one, I just took the first reference I found on the web to copy/paste something here. After, it's up to people to double/triple check and make their mind

What this means overall : Indecision. And nobody needs a triangle to spot this anyway !
Don't just be a sheep : make your own idea of it.
  • #319,865
  • Nov 5, 2010 3:55am Nov 5, 2010 3:55am
Quoting The Captain
A lot of those are useless and you could not accurately trade off of them. Half the time price didn't respect those those trendlines as not a lot of traders would have something like that drawn.

The ones I showed were obvious trendlines, which turn price with a high probability.
that was the daily chart starting at 1.18 and you have to look at it at the H4 timeframe. i cannot draw enough ellipses as it gave respect to those lines. honestly, i'd rather have a line (tp-level) too much.

same chart in H4. why the hell do i justify my position???
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  • #319,866
  • Nov 5, 2010 3:56am Nov 5, 2010 3:56am
As mentioned in my previous post. IMO, the only "problem" from a TA perspective you will have is sitting tight as this will be an inside bar (check the huge bar after QE2...) wave reversal so IMO it will chop the hell out of everything (obviously is NFP today too). On the positive side, your entry long can have a a huge R:R with a minimum risk capital-wise making this a safe bet. In any case, good luck with any decision.

sisse

Quoting Mr Hatch
fine, thank you. waiting for the H4-support to be hit to enter the biggest long i ever did. 2 micro-lots

btw: H4 shows a nice bullish setup soon, if we don't pop through. confirmation? i cannot read indicators, so please help me...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #319,867
  • Nov 5, 2010 3:59am Nov 5, 2010 3:59am
Its been more like a thumb rule lately, wait for Tokyo to close and then start buying.

London wants to buy but short men want to short EURos.
They think they are smarter than I am.
  • #319,868
  • Nov 5, 2010 4:01am Nov 5, 2010 4:01am
The Last Chance 4 Longies !



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  • #319,869
  • Nov 5, 2010 4:02am Nov 5, 2010 4:02am
Quoting FibbinArchie
Hey Carlos, missed opportunity to bank a 30, took a re-entry and trying to sit on my hands, higher tf techs are pointing up atm, also a possible top side shakeout in the offing, not convinced by tick vol of reversal yet, could be NFPs will be the catalyst...
I heard you , I heard you......do you use pivots? I don't let profits run when is no volatility like this, when you are waiting for some big news, I just take them, as soon as they hit something, the bounces, all bounces are sardines if you wacth them closely.......
The Chonchy
  • #319,870
  • Nov 5, 2010 4:03am Nov 5, 2010 4:03am
Quoting Merry
The Last Chance 4 Longies !



.......good morning.......
The Chonchy
  • #319,871
  • Nov 5, 2010 4:05am Nov 5, 2010 4:05am
Sardines ... Sardines ... here we go NFP.
Have a nice day chonchy.
  • #319,872
  • Nov 5, 2010 4:07am Nov 5, 2010 4:07am
Quoting kuroro001
Always good..what about u ?
seeing that you are taking all the sardines from the pond my friend........you are the sardines thief here
The Chonchy
  • #319,873
  • Nov 5, 2010 4:08am Nov 5, 2010 4:08am
Quoting sisse
As mentioned in my previous post. IMO, the only "problem" from a TA perspective you will have is sitting tight as this will be an inside bar (check the huge bar after QE2...) wave reversal so IMO it will chop the hell out of everything (obviously is NFP today too). On the positive side, your entry long can have a a huge R:R with a minimum risk capital-wise making this a safe bet. In any case, good luck with any decision.

sisse
i was taking the "2-steps-forward-one-step-back-rule" into consideration here...
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  • #319,874
  • Nov 5, 2010 4:08am Nov 5, 2010 4:08am
Quoting Z3iz3i
Its been more like a thumb rule lately, wait for Tokyo to close and then start buying.

London wants to buy but short men want to short EURos.
I think you are right - around 1000 - 1100 GMT the last of the ACB's are fading and some USD support goes with them.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,875
  • Nov 5, 2010 4:09am Nov 5, 2010 4:09am
Quoting chonchy
I heard you , I heard you......do you use pivots? I don't let profits run when is no volatility like this, when you are waiting for some big news, I just take them, as soon as they hit something, the bounces, all bounces are sardines if you wacth them closely.......
Good advice C, yeah I use Day, week, month, Fibos & Murreys for scalping... look for confluence on retraces, but this is turning from a retrace to a consolidation...
  • #319,876
  • Nov 5, 2010 4:09am Nov 5, 2010 4:09am
I dont understand traders who tend to trade before nfp and unemplyment data ( which may be even more important)...making calls in this moment is ridiculous. I wonder how many of u are serious and trading on live..
  • #319,877
  • Nov 5, 2010 4:10am Nov 5, 2010 4:10am
Quoting chonchy

.......
U want it lower ?

  • #319,878
  • Nov 5, 2010 4:12am Nov 5, 2010 4:12am
Quoting T@rantula
I dont understand traders who tend to trade before nfp and unemplyment data ( which may be even more important)...making calls in this moment is ridiculous. I wonder how many of u are serious and trading on live..

hehehe.........its usually pretty easy to tell who is trading real or who is trading demo.
  • #319,879
  • Nov 5, 2010 4:13am Nov 5, 2010 4:13am
Quoting T@rantula
I dont understand traders who tend to trade before nfp and unemplyment data ( which may be even more important)...making calls in this moment is ridiculous. I wonder how many of u are serious and trading on live..
It's ok if you know what to do with short timeframes.
They think they are smarter than I am.
  • #319,880
  • Nov 5, 2010 4:13am Nov 5, 2010 4:13am
Even if the price drops, the pair is under heavy buying pressure. I'm not sure how to understand it. It's clearly visible on M5, take it for what it worth.
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Don't just be a sheep : make your own idea of it.
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