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  • #328,481
  • Nov 18, 2010 9:40am Nov 18, 2010 9:40am
Quoting JuliusCeasar
If it goes above 1.3660 and holds then it could head towards 1.38 for 100%

If it stays below 1.3660 then it heads below 1.3460

just mho

here is why i think so

double top at 61.8% presents a very compelling short entry with minimal risk.


Attachment
staying below 3660 is good for selling rallies
Mind over matter..I don't mind and you don't matter.
  • #328,482
  • Nov 18, 2010 9:40am Nov 18, 2010 9:40am
  • #328,483
  • Nov 18, 2010 9:41am Nov 18, 2010 9:41am
Quoting PhAnTi'
cool u posted a chart,
but are u able to talk to us as well?
just like you did not reflect yourself in a full essay just now, I thought that a few words and a sentence was enough to satisfy your expectations.
  • #328,484
  • Nov 18, 2010 9:42am Nov 18, 2010 9:42am
Quoting T@rantula
Momentum breach...lets see. trend collapse maybe?

Attachment

we never touched the dp at 3517 in asia....we could be headed for that....
  • #328,485
  • Nov 18, 2010 9:44am Nov 18, 2010 9:44am
Quoting darimik
just like you did not reflect yourself in a full essay just now, I thought that a few words and a sentence was enough to satisfy your expectations.
peace bro
Hero calls followed by margin calls...
  • #328,486
  • Nov 18, 2010 9:46am Nov 18, 2010 9:46am
Quoting Venice
I'm not sure why, I have had an incredibly hard time drawing S/R levels. I just don't see them for some reason until they happen. But, I am pretty happy with the performance of Fib S/R levels as well.

Been following you, worm, and a few others around here for the levels... but can't be sipping on the nipple forever, you know.

Since I do have a day job (I know, I'm not doing it right now lol); I have to go for the extended multi day swings. Working out pretty well right now, but it is still makes me insanely nervous to know that for 16 hours...

Every time you plan your swing trades write down the levels you think will be important for that day of trading, then at the end of the day review your levels and try to find out why the ones that you had anticipated did or did not work, and learn from that. Reading price and behaviour patterns gets easier over time, but it takes more effort to do then reading simple Indies. All indies are reflections of price, even fibs and learning to read the underlying reason for the indication and formation will make you a better trader, you will be able to anticipate what price is doing before the indy shows you.

Keep a log of your thinking and critique yourself on how good or bad you are doing, keep a record of your hit and miss ratio and you will see yourself improving over time. If you don't write it down, it didn't happen.

There are 100's of ways to be profitable in this, as long as you have a clearly identifiable edge that can statistically stand the test of time, you will do fine.

Another important often overlooked way of looking at price is time frame progression, does the price pattern continue in higher timeframes, so if you enter a short on M5, does that same reason continue to develop on the higher TF's, if it does stay in your short, I redid the TF's on MT4 and no longer use the standard TF's as they had little continuity within them, but it is still a good way of looking at setups with the standard TF's
  • #328,487
  • Nov 18, 2010 9:47am Nov 18, 2010 9:47am
Quoting JuliusCeasar
gu may also be ripe for a short at a small risk


Attachment
gu short also looking promising for coming days
Mind over matter..I don't mind and you don't matter.
  • #328,488
  • Nov 18, 2010 9:47am Nov 18, 2010 9:47am
Nice call on that H&S Red , My hats off to you.
Know when to hold em, Know when to fold em!
  • #328,489
  • Nov 18, 2010 9:48am Nov 18, 2010 9:48am
I hope that the pair has a good bit of steam to get past 1.3600.

The last 2 times took 4 and 5 hours respectively to get past it.
  • #328,490
  • Nov 18, 2010 9:50am Nov 18, 2010 9:50am
Quoting moonchild
I hope that the pair has a good bit of steam to get past 1.3600.

The last 2 times took 4 and 5 hours respectively to get past it.
Gold had a pullback and is currently recovering. I am kind of watching along with this.
Know when to hold em, Know when to fold em!
  • #328,491
  • Nov 18, 2010 9:51am Nov 18, 2010 9:51am
Quoting moonchild
I hope that the pair has a good bit of steam to get past 1.3600.

The last 2 times took 4 and 5 hours respectively to get past it.
A wise ancient man once said -- you can get her pregnant in a minute, but the gravy comes from the hourly
  • #328,492
  • Nov 18, 2010 9:53am Nov 18, 2010 9:53am
Quoting cloggie
[...]
There are 100's of ways to be profitable in this, as long as you have a clearly identifiable edge that can statistically stand the test of time, you will do fine.
...otherwise we forced to have good connections with Bruxelles and Dublin
  • #328,493
  • Nov 18, 2010 9:55am Nov 18, 2010 9:55am
Quoting paulg
...otherwise we forced to have good connections with Bruxelles and Dublin

Get yourself a good newsfeed and you will have the second best thing, find a source that the big boys look at too and you will have the same news at the same time.
  • #328,494
  • Nov 18, 2010 9:56am Nov 18, 2010 9:56am
Quoting T@rantula
Momentum breach...lets see. trend collapse maybe?

Attachment
  • #328,495
  • Nov 18, 2010 9:56am Nov 18, 2010 9:56am
Quoting cloggie
Get yourself a good newsfeed and you will have the second best thing, find a source that the big boys look at too and you will have the same news at the same time.

I hear and see Financial Times is one of the best are you familiar with them?>
Know when to hold em, Know when to fold em!
  • #328,496
  • Nov 18, 2010 9:56am Nov 18, 2010 9:56am
Quoting cloggie
[...] ... if it does stay in your short, I redid the TF's on MT4 and no longer use the standard TF's as they had little continuity within them, but it is still a good way of looking at setups with the standard TF's
Could you please better explain this excerpt? I'm a bit lost reading it.
  • #328,497
  • Nov 18, 2010 9:57am Nov 18, 2010 9:57am
Quoting goods
I hear and see Financial Times is one of the best are you familiar with them?>

Those kind of feeds are too late in getting info to you, I am using a commercial provider.
  • #328,498
  • Nov 18, 2010 9:58am Nov 18, 2010 9:58am
Quoting cloggie
Those kind of feeds are too late in getting info to you, I am using a commercial provider.

Is it a free source? I am also trying to find the overnight bank reports free.
Know when to hold em, Know when to fold em!
  • #328,499
  • Nov 18, 2010 9:59am Nov 18, 2010 9:59am
Quoting cloggie
Another important often overlooked way of looking at price is time frame progression, does the price pattern continue in higher timeframes, so if you enter a short on M5, does that same reason continue to develop on the higher TF's, if it does stay in your short, I redid the TF's on MT4 and no longer use the standard TF's as they had little continuity within them, but it is still a good way of looking at setups with the standard TF's

That's another great piece of advice. Thanks!
  • #328,500
  • Nov 18, 2010 9:59am Nov 18, 2010 9:59am
Quoting goods
Is it a free source? I am also trying to find the overnight bank reports free.

They are not free, the one I use is about 2k a month.
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