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  • #321,421
  • Nov 8, 2010 3:23pm Nov 8, 2010 3:23pm
Quoting T@rantula
Aw yea. PA hasnt managed to break the congestion channel, so the trade hasnt been executed.
Blue lines represent outer boundaries and if we trade old school conservative way we need to see a BPC pattern or MOMENTUM breakout to execute a trade.
Red line represents the inner boundaries and if we trade agressive we wait for BPC or MOMENTUM breakout of the rising bottom. We have a confluence of round number support, outer trendline and fib retracement

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  • #321,422
  • Nov 8, 2010 3:23pm Nov 8, 2010 3:23pm
Good old GN'R....

Sometimes feel Axel was explaining a days trading when singing Mr. Brownstone

I get up around seven
Get outta bed around nine
And I don't worry about nothin' no
'Cause worrin's a waste of my... time

The show usually starts around seven
We go on stage around nine
Get on the bus about eleven
Sippin' a drink and feelin' fine

We been dancin' with Mr. Brownstone
He's been knockin'
He won't leave me alone
No, no ,no, he won't leave me alone
I used ta do a little but a little wouldn't do
So the little got more and more
I just keep tryin' ta get a little better
Said the little better than before
I used ta do a little but a little wouldn't do
So the little got more and more
I just keep tryin' ta get a little better
Said the little better than before

Inserted Video



Quoting gatorinla
*L* yes..

http://www.youtube.com/watch?v=ErvgV4P6Fzc&feature=fvsr
Disclaimer: Check your 1m charts
  • #321,423
  • Nov 8, 2010 3:24pm Nov 8, 2010 3:24pm
Quoting cloggie
Because I am trying to get the average trader here away from the retail thinking and fallacies, get them to see what is really out there driving price and direction, get them away from the narrow mindedness of the other retailers perpetuating wrong and erronous thinking about the forex market in specific and trading in general. I am just another alternative voice of reason in the madness that is the all encompasssing road to failure for the average trader visiting threads like this and the Cable thread.

I have seen it plenty of times where several...
  • #321,424
  • Nov 8, 2010 3:28pm Nov 8, 2010 3:28pm
Quoting FibbinArchie
I've seen some of his positive contributions on Cable thread (I wasn't even referring to him to be honest), and I respect his experience, but why bother starting & perpetuating petty arguments here? I just don't get it...
It is not just starting & perpetuating petty arguments here. It is amazing how much BS seeps through these threads, but then again, should we be surprised by it... afterall this is a public forum. It really isn't that difficult to spot them and Cloggie likes to call a spade... well, a spade!

Forex Factory is in danger of becoming overrun by fools. There are many good traders who have decided that they cannot be bothered to waste their time here and have simply left. They initially came here to give something back to the Forex community, solid advice that well help newbies start their foray into the world of Forex, something that was given to them or they had been taught themselves. Unfortunately, the sensible advice is being drowned out by the constant noise made by the fools.

Anway, I am supposed to be having a break from FF and I am getting sucked back in! Teaches me for reading these threads whereas I should be focusing on my trading and my day job.

You take it easy now and I wish you success with your trading. I will be back in a few weeks time, which is what I said last week... lol
  • #321,425
  • Nov 8, 2010 3:32pm Nov 8, 2010 3:32pm
Quoting T@rantula
Blue lines represent outer boundaries and if we trade old school conservative way we need to see a BPC pattern or MOMENTUM breakout to execute a trade.
Red line represents the inner boundaries and if we trade agressive we wait for BPC or MOMENTUM breakout of the rising bottom. We have a confluence of round number support, outer trendline and fib retracement

Attachment
do the arrow represent the PA indicator
  • #321,426
  • Nov 8, 2010 3:34pm Nov 8, 2010 3:34pm
Quoting cloggie
One thing I am very clear and open about is that I am not here to win a polularity contest, quite the contrary.
Leary people out of Poland contest... lol
  • #321,427
  • Nov 8, 2010 3:34pm Nov 8, 2010 3:34pm
Quoting bbakker
It is not just starting & perpetuating petty arguments here. It is amazing how much BS seeps through these threads, but then again, should we be surprised by it... afterall this is a public forum. It really isn't that difficult to spot them and Cloggie likes to call a spade... well, a spade!

Forex Factory is in danger of becoming overrun by fools. There are many good traders who have decided that they cannot be bothered to waste their time here and have simply left. They initially came here to give something back to the Forex community, solid...
See you next week then... lol
  • #321,428
  • Nov 8, 2010 3:37pm Nov 8, 2010 3:37pm
Quoting bbakker
Leary people out of Poland contest... lol
  • #321,429
  • Nov 8, 2010 3:45pm Nov 8, 2010 3:45pm
Let's see how this plays out. This is m30, but we also have divergence on H1.


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  • #321,430
  • Nov 8, 2010 3:48pm Nov 8, 2010 3:48pm
Quoting digictron
do the arrow represent the PA indicator
Arrows represent swing points of PA.
  • #321,431
  • Nov 8, 2010 3:50pm Nov 8, 2010 3:50pm
Long 1.3918 sl @1.3910

5M about to burst. Could go either way though
  • #321,432
  • Nov 8, 2010 3:53pm Nov 8, 2010 3:53pm
Quoting MitchWorse
Long 1.3918 sl @1.3910

5M about to burst. Could go either way though
long as well, 3916 nice support lvl
Hero calls followed by margin calls...
  • #321,433
  • Nov 8, 2010 3:55pm Nov 8, 2010 3:55pm
Quoting T@rantula
Arrows represent swing points of PA.
just for confirmation, thanks
  • #321,434
  • Edited 4:10pm Nov 8, 2010 3:58pm | Edited 4:10pm
Quoting T@rantula
Aw yea. PA hasnt managed to break the congestion channel, so the trade hasnt been executed.
its respecting fibs between points also.. 3882/3982. i just dont like the shape of the flag atm. we often bounce at line just above main support, then attack it after. the ceiling is clasping 3921/23.39 and the floor is rising. 3910 and 3895...so we may know in the next few hours. also china has big news tonight.
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those who can, do. those who cant, talk about those who can
  • #321,435
  • Nov 8, 2010 4:00pm Nov 8, 2010 4:00pm
eu has broken some support line today and it was one of the weekest currency...the next target should be 1.3820 - the first resistance is @ca. 1.4040-60.
i expect that it is going to test this support line and than it's heading to south.

the precious metals (especially silver) were really strong today - did somebody heart some rumors?
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Pecunia non olet
  • #321,436
  • Nov 8, 2010 4:07pm Nov 8, 2010 4:07pm
Quoting wm-eu
the precious metals (especially silver) were really strong today - did somebody heart some rumors?

what i have read :

The canadese Warren buffet Eric Sprott has got around 500 milion dollar with Sprott Silver Trust to buy Silver, which he has to do in the future or he is buying it now .

The writer of this thinks only this would help silver over 30 dollar
  • #321,437
  • Nov 8, 2010 4:14pm Nov 8, 2010 4:14pm
Quoting gatorinla
its respecting fibs between points also.. 3882/3982. i just dont like the shape of the flag atm. we often bounce at line just above main support, then attack it after. the ceiling is clasping so we may know in the next few hours. also china has big news tonight.

H1 divergence is usually a good indi of a mt bounce/reverse. Both m15, m30 and h1 is close to issuing buy signals now. When all these tf's line up, it usually is a strong sign, but we're not there just yet.
  • #321,438
  • Nov 8, 2010 4:18pm Nov 8, 2010 4:18pm
I have a great setup. 1:2

Short! Short! Short!

Short @ 3925, TP 3780, SL 3995

Should hit by London.
  • #321,439
  • Nov 8, 2010 4:19pm Nov 8, 2010 4:19pm
Quoting courtt5
I have a great setup. 1:2

Short! Short! Short!

Short @ 3925, TP 3780, SL 3995

Should hit by London.
ROBOT FOREX
  • #321,440
  • Nov 8, 2010 4:23pm Nov 8, 2010 4:23pm
dont forget to move the SL to BE when the price reaches 3855 or use trailing stop at 70 points!
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