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Pitchfork Goldmine!

  • #941
  • Nov 15, 2010 5:25am Nov 15, 2010 5:25am
Quoting pikeliver
Attachment

i see this as a test of the L-ML
nice entry point with a clear stop,and good RR

Pike
Hello Pike,

I see.... Need to see some more. Will be watching for as long as I can as I have to step out in about an hour.

Pull the trigger when the market confirms which way it will eventually go.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #942
  • Nov 15, 2010 5:46am Nov 15, 2010 5:46am
Here is one reason I am not yet convinced...red U-LMH. Price will definitely have to show me something solid to go long from here.

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd 11-15-10-2.jpg Size: 74 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #943
  • Nov 15, 2010 5:51am Nov 15, 2010 5:51am
Hi FX
i see on the 15min,lower lows,and lower highs
so we need to see a change ?

i sometimes forget these lines are not real,just an area to look at

Pike
  • #944
  • Nov 15, 2010 5:53am Nov 15, 2010 5:53am
Quoting pikeliver
Hi FX
i see on the 15min,lower lows,and lower highs
so we need to see a change ?

Pike
Absolutely. If price is not making higher highs and higher lows, it ain't goin' up . A green candle means nothing until it DOES something to warrant a long trade.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #945
  • Nov 15, 2010 6:01am Nov 15, 2010 6:01am
so we look at an area we think it may reverse,then wait for it to prove its self
then hop aboard
  • #946
  • Nov 15, 2010 6:50am Nov 15, 2010 6:50am
Notice how price pushed beyond red U-MLH but not holding. There is really no confirmation either way...yet. Earlier chart posted for comparison.

News to come in less than an hour. Be very watchful and don't be hasty.

FX4Newbies
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd 11-15-10-2.jpg Size: 74 KB
Click to Enlarge Name: eur-usd 11-15-10-3.jpg Size: 75 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #947
  • Edited 7:29am Nov 15, 2010 7:14am | Edited 7:29am
A gamble of a trade...price on a boundary line so to speak. Clicking here without added info. is like flipping a coin. Even the Doji says indecision. Seems to have an upward bias, but not confirmed. Have to step out. Good trading to all.

By the way, good place for traders to be washed and rinsed.

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd 11-15-10-4.jpg Size: 75 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #948
  • Nov 15, 2010 8:24am Nov 15, 2010 8:24am
...
Attached Image (click to enlarge)
Click to Enlarge Name: HOURLY GU.GIF Size: 44 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #949
  • Nov 15, 2010 9:36am Nov 15, 2010 9:36am
There is a pattern within these lines if you look closely. Starting with the upper warning line of the upfork, price "dances with" each line of the fork 3-4 times before falling further. This pattern holds up until reaching the 1st lower warning line.
Attached Image (click to enlarge)
Click to Enlarge Name: HOURLY GU.GIF Size: 45 KB
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #950
  • Nov 15, 2010 10:12am Nov 15, 2010 10:12am
Quoting FX4Newbies
A gamble of a trade...price on a boundary line so to speak. Clicking here without added info. is like flipping a coin. Even the Doji says indecision. Seems to have an upward bias, but not confirmed. Have to step out. Good trading to all.

By the way, good place for traders to be washed and rinsed.

FX4Newbies
Hello traders,

If you went long, did you scalp some pips or were you washed and rinsed? The laundry cycle may not be over yet . Keep your trading guard up.

FX4Newbies
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd 11-15-10-5.jpg Size: 76 KB
Trade what you see, not what you think or feel. Let the market come to you.
  • #951
  • Nov 15, 2010 10:28am Nov 15, 2010 10:28am
Quoting kapital
There is a pattern within these lines if you look closely. Starting with the upper warning line of the upfork, price "dances with" each line of the fork 3-4 times before falling further. This pattern holds up until reaching the 1st lower warning line.
Hello Kapital,

I see that pattern of behavior quite often. If you have a well-tuned fork, then the WLs come in pretty handy. It is almost like price needs a step to "walk" on.

Thanks for posting,

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #952
  • Edited Nov 16, 2010 6:53am Nov 15, 2010 10:33am | Edited Nov 16, 2010 6:53am
FX 4 & PikeLiver

I will be there Thurs. and Friday

Thurs. - I will see Dr. Tim, Live.

Also Joe Dinapoli.

On Friday - Leslie Jouflas, Larry Pesavento's Co-Author does 2 sessions -

I Need work on my AB=CD pattern

I will probably attend some other Presentations and will certainly go through all of the exhibits.

These are all for free and because I live 232 miles away - it is an easy drive.

PIKE - I am 3/4s of the way done on the E-Book - Thanks
  • #953
  • Nov 15, 2010 10:41am Nov 15, 2010 10:41am
Quoting Wave Trader
FX 4 & PikeLiver

I will be there Wed. and Thurs. Wed. I will see Dr. Tim, Live.

Also Joe Dinapoli.

On Thurs. - Leslie Jouflas, Larry Pesavento's Co-Author does 2 sessions -

I Need work on my AB=CD pattern

I will probably attend some other Presentations and will certainly go through all of the exhibits.

These are all for free and because I live 232 miles away - it is an easy drive.

PIKE - I am 3/4s of the way done on the E-Book - Thanks
That should be some good info. to add to your trading arsenal. Being that close it only makes sense to adjust your schedule to be there. I am overseas at the moment so it will be a bit much for me. Larry is the go to person for the Gartley/Harmonic stuff...or at least so I have heard. Joe is also very good...you have an extremely powerful line-up there...and of course, Tim.

Enjoy. Enjoy.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #954
  • Nov 15, 2010 11:04am Nov 15, 2010 11:04am
Wave Trader
nice line up,i have another e-book on fibonacci you can have if you like

Pike
  • #955
  • Nov 15, 2010 11:06am Nov 15, 2010 11:06am
Quoting pikeliver
Wave Trader
nice line up,i have another e-book on fibonacci you can have if you like

Pike
Can you send that one my way too please .

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
  • #956
  • Nov 15, 2010 11:39am Nov 15, 2010 11:39am
Quoting pikeliver
Wave Trader
nice line up,i have another e-book on fibonacci you can have if you like

Pike
Would love It - sent you an e-mail
  • #957
  • Nov 15, 2010 11:56am Nov 15, 2010 11:56am
Done,enjoy
off to tims free seminar,

Pike
  • #958
  • Edited 6:21pm Nov 16, 2010 6:11am | Edited 6:21pm
Maybe this is a tribute to the Trader's Expo being in Las Vegas as most of these trades would have been gambles; scalps at best...LOL. Notice the long wick, tempting traders to buy, then the sell off; followed by long tails, an upward move then another wick denoting another sell off. "Laundry day" yesterday into this morning. News to come as well.

Be careful,

FX4Newbies
Attached Image (click to enlarge)
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Trade what you see, not what you think or feel. Let the market come to you.
  • #959
  • Nov 16, 2010 10:00am Nov 16, 2010 10:00am
H1 - shows continued down trend -

I did not get filled at SR - Blue Line

M1 - shows Pesavento Pivots - My SR - Blue Line

Entry at Red Line - Stop at green Line and OUT at LML - Green Line

I made a correction to Post 952, as I had my dates wrong - I am there

Thurs. & Friday
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: FCY383154-31.jpg Size: 108 KB
  • #960
  • Nov 16, 2010 10:18am Nov 16, 2010 10:18am
Quoting Wave Trader
H1 - shows continued down trend -

I did not get filled at SR - Blue Line

M1 - shows Pesavento Pivots - My SR - Blue Line

Entry at Red Line - Stop at green Line and OUT at LML - Green Line

I made a correction to Post 952, as I had my dates wrong - I am there

Thurs. & Friday
Pesavento Pivots look great! Sorry you were not filled at SR. Had a very busy morning and will be working on upgrading the internet connections later this week.

Enjoy your days at the Expo.

FX4Newbies
Trade what you see, not what you think or feel. Let the market come to you.
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