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  • #330,041
  • Nov 22, 2010 6:49am Nov 22, 2010 6:49am
Quoting Freddyfx
If you know what you are doing pips can be made each moment of the day....



Tot ziens........hasta mañana........till tomorrow
hehe mr.Freddy, enjoy the rest of the day.
  • #330,042
  • Nov 22, 2010 6:50am Nov 22, 2010 6:50am
Let's see what this Pivot is made of...

Sideline.
  • #330,043
  • Nov 22, 2010 6:50am Nov 22, 2010 6:50am
Quoting MitchWorse
Let's see what this Pivot is made of...

Sideline.

Cheese
  • #330,044
  • Nov 22, 2010 6:51am Nov 22, 2010 6:51am
Quoting disegnosys
Looking forward to it.
I also have to add that some members on FF, you know who you are! have also been of great help in my understanding of Forex trading and kudos to them for coming here every day to help others, yet they still get sheeeet thrown at them by the muppets!

Wheat and chaff... sort out the wheat from the chaff and you will be fine!
  • #330,045
  • Nov 22, 2010 6:51am Nov 22, 2010 6:51am
Quoting cloggie
The overshoot may get us there, 3672 was just a lot more prominent as a first stop. I gotta be honest though, I rarely look at MP's when it comes to yooro, I will research them a bit.
yup, I have 672 as the dp for the ny rollover. the 640 just so happens to be on the monthlies & one of my mids.
the wp is big on the yoorow from what I gather. have a look & see what you think
Thank You
  • #330,046
  • Nov 22, 2010 6:51am Nov 22, 2010 6:51am
Quoting malcolmb14
may i correct myself .

This does not seem like it is being bought on all dips. It is being bought.

I use vsa ... the pros cannot hide their footprint in the charts

for now I would get rid of your bear bias. If 1.3720 gets taken out next week then strong chance this thing goes and tests supply at 3950 to 1.4

btw most systems fail ... that is why an ea makes some cash for a period then blows up the account in short order. The market is dynamic

Most successful traders use naked charts... look at Redwords... and others.
ask a guy who you think is successful... and 90% of the time he/she will be using a mechanical system with discretion.

so you think banks aren't using automated trading systems? did you ever work for one?

i don't have a bias... i trade a mechanical system that works. but... if you look at what's going on in Europe and the charts... i'll keep my bear bias.

stan
  • #330,047
  • Nov 22, 2010 6:52am Nov 22, 2010 6:52am
Quoting cloggie
Cheese
gatenkaas? of taaie oude?
  • #330,048
  • Nov 22, 2010 6:53am Nov 22, 2010 6:53am
Quoting MitchWorse
gatenkaas? of taaie oude?

Komeine
  • #330,049
  • Nov 22, 2010 6:53am Nov 22, 2010 6:53am
Quoting psiholog
Everybody knows there is no gap but you miss the point. Price action during weekends is usually done on very low volume between certain institutions especially banks. When a gap is seen on the charts for the rest of us retail traders, it feeds into the "path of least resistance" mentality. A return to the close of the market price level is necessary to determine whether continuation in the direction of the "gap" is the true intent of the market makers with higher volume. That is why most often if you pay attention...pa on Sundays is within the...
thanks for the good insight psi....

a lot of newer traders actually believe there are real gaps in the market, i was trying to rid that notion....You explained it a little better though
  • #330,050
  • Nov 22, 2010 6:53am Nov 22, 2010 6:53am
Quoting PipChick
Ok so the gap is close and price is sitting at the 78.6 fib with bullish hidden divergence. Being that NO ONE knows where price will go, a person could do one of two things at this point...
1) Buy here with a stop just below the current low (I call this a test trade) or 2) wait for an m15 close and a close below the 78.6 would probably mean more downside action. But the bullish hidden divergence may support an upmove.
who told you that no one knows where it will go ?
I SEE YOU !!
  • #330,051
  • Nov 22, 2010 6:54am Nov 22, 2010 6:54am
Here is my view for next action( support, resistance areas)... Could put some fibs on...
Attached Image (click to enlarge)
Click to Enlarge Name: 11-22-2010 1-50-25 PM.jpg Size: 84 KB
  • #330,052
  • Nov 22, 2010 6:54am Nov 22, 2010 6:54am
Quoting dbfusion
who told you that no one knows where it will go ?
LOL..I learned THAT the hard way.
  • #330,053
  • Nov 22, 2010 6:54am Nov 22, 2010 6:54am
Quoting Freddyfx
If you know what you are doing pips can be made each moment of the day.

Just ask the other traders that are in this a couple of years.

Trade what you read in your charts....and if you don't see it, maybe go back to the www.babypips.com courses..........or consider choosing another profession.

In the THV thread I posted once:
a good help in overcoming your emotional difficulties with trading is finding yourself e mentor or a trading partner.

TRUST ME: it works.

Putting on...
does this refer to my post?

have fun at the beach !
Hero calls followed by margin calls...
  • #330,054
  • Nov 22, 2010 6:56am Nov 22, 2010 6:56am
Quoting PipChick
LOL..I learned THAT the hard way.
I SEE YOU !!
  • #330,055
  • Nov 22, 2010 6:56am Nov 22, 2010 6:56am
Quoting Vladimir1987
Here is my view for next action( support, resistance areas)... Could put some fibs on...
Attachment
i see it quiet similar to ur point of view....but time will tell
Hero calls followed by margin calls...
  • #330,056
  • Nov 22, 2010 6:57am Nov 22, 2010 6:57am
Quoting wormboy
yup, I have 672 as the dp for the ny rollover. the 640 just so happens to be on the monthlies & one of my mids.
the wp is big on the yoorow from what I gather. have a look & see what you think

yep i have wp at 3627, also right in there is daily s1 and monthly s1 along with MA....lotttta support in that area. However market looking very heavy short right now
Attached Image (click to enlarge)
Click to Enlarge Name: eunov21d.jpg Size: 156 KB
  • #330,057
  • Nov 22, 2010 6:57am Nov 22, 2010 6:57am
I've always believed the best way to trade is to master one pair, and trade it only. Are most of you guys only trading Eur/Usd?
  • #330,058
  • Nov 22, 2010 6:58am Nov 22, 2010 6:58am
Quoting mfoste1
thanks for the good insight psi....

a lot of newer traders actually believe there are real gaps in the market, i was trying to rid that notion....You explained it a little better though
Doesnt oanda or dukascopy have a 24x7 liquidity market?
Know when to hold em, Know when to fold em!
  • #330,059
  • Nov 22, 2010 6:58am Nov 22, 2010 6:58am
Quoting Bootleger
Really nice graph... seems like bulls did get in
looking very bullish for the eu...

the euro has a very bright future.
  • #330,060
  • Nov 22, 2010 6:58am Nov 22, 2010 6:58am
From a TA perspective, I see things a little bit different. In simple words, daily is making LH and LL so as soon as intraday aligns also to LL and LH (H4) the downtrend will continue and with lots of momentum, otherwise at least test of highs. This is the chart supporting my post.

We'll see & Good luck

sisse

Quoting PipChick
Ok so the gap is close and price is sitting at the 78.6 fib with bullish hidden divergence. Being that NO ONE knows where price will go, a person could do one of two things at this point...
1) Buy here with a stop just below the current low (I call this a test trade) or 2) wait for an m15 close and a close below the 78.6 would probably mean more downside action. But the bullish hidden divergence may support an upmove.
Attached Image (click to enlarge)
Click to Enlarge Name: Intraday52.JPG Size: 78 KB
Pending conversations? PM for a chat...I am mainly in OTM now
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