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  • #333,401
  • Nov 26, 2010 5:36am Nov 26, 2010 5:36am
Quoting kuroro001
Price is holding into a demand zone...or a range.
I was expecting a breakout upside but it didn't happen...and the odds are against long.
We gotta wait for the breakout downside i'd say.

Attachment
Yea K, I'm looking to short again here....
Look Sharp/Trade Tight
  • #333,402
  • Nov 26, 2010 5:36am Nov 26, 2010 5:36am
Watch Gold If it keeps getting sold here, the 132 area will not likely hold on the Euro. I am out for now with a nice scalp profit due to the selling in gold. Will watch how it behaves in a 3170 to 32 zone
  • #333,403
  • Nov 26, 2010 5:36am Nov 26, 2010 5:36am
Quoting PayTheLimit
I see your point. So what your saying is that a M5/M15 setup once triggered could then inturn trigger a H1/H2 and so on.

I call that TF progression, a continuation of triggers, that gives you the 100+ pip runs. I tend to use custom TF's as there is little logical sequencing in MT4, but then again MT4 has never been logical. I like using it because it is so easily customised. Never ever look for price to retrace, always look for price to continue. Newton's law of motion applies very rigidly in markets.
  • #333,404
  • Nov 26, 2010 5:37am Nov 26, 2010 5:37am
Quoting Mr Hatch
with reaching 3186 it's gone then ;-)

Won't be long.
  • #333,405
  • Nov 26, 2010 5:38am Nov 26, 2010 5:38am
http://money.cnn.com/2010/11/26/mark...kets/index.htm
  • #333,406
  • Nov 26, 2010 5:38am Nov 26, 2010 5:38am
Quoting PayTheLimit
I see your point. So what your saying is that a M5/M15 setup once triggered could then inturn trigger a H1/H2 and so on.
Cloggie mentioned a few days ago about watching for patterns to develop in the higher time frames while you are in a smaller time frame trade. This is true. A majority of times, the same pattern you are trading off the m15 will develop in the H1 and so forth. Watching this will help you get the jist of the overall direction of the price and possibly keep you in a trade longer.
  • #333,407
  • Nov 26, 2010 5:39am Nov 26, 2010 5:39am
Quoting PipChick
For me...the higher TF doesnt give me a bias, they just give me an over all trend.
yeah and i'm using heikenashi now also.. here 60min and 15m chart you can clearly see the trend without any noise(short and longterm)...

*edit looks abit shady, but it really works clearly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 26-11-2010.jpg Size: 164 KB
Click to Enlarge Name: $EURUSD (10 Min) 26-11-2010.jpg Size: 138 KB
  • #333,408
  • Nov 26, 2010 5:40am Nov 26, 2010 5:40am
Quoting cloggie
I call that TF progression, a continuation of triggers, that gives you the 100+ pip runs. I tend to use custom TF's as there is little logical sequencing in MT4, but then again MT4 has never been logical. I like using it because it is so easily customised. Never ever look for price to retrace, always look for price to continue. Newton's law of motion applies very rigidly in markets.
Nice chating with you, and thanks for the V.
Look Sharp/Trade Tight
  • #333,409
  • Nov 26, 2010 5:41am Nov 26, 2010 5:41am
Quoting PayTheLimit
Nice chating with you, and thanks for the V.

I do take this thread serious at times, as long as the muppets stay away.
  • #333,410
  • Nov 26, 2010 5:41am Nov 26, 2010 5:41am
Quoting PayTheLimit
Yea K, I'm looking to short again here....
Would be careful going short --when you look at the 1 hr TF - it looks
like the classic accumulation Phase Going on ( been trading the channel -UP/DOwn)--

i think they are now shaking out the weak longs and trapping
the shorts with the V -BOTTOM drop......
  • #333,411
  • Nov 26, 2010 5:43am Nov 26, 2010 5:43am
Quoting cloggie
Won't be long.
thanks, cloggie.

i read through a couple of posts of yours. apart from being the "bad guy", you've helped me and a lot of others quite a lot.

daily target again achieved.
  • #333,412
  • Nov 26, 2010 5:43am Nov 26, 2010 5:43am
short 3208, sl 3249, tp 3170....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 15 KB
Look Sharp/Trade Tight
  • #333,413
  • Nov 26, 2010 5:44am Nov 26, 2010 5:44am
Quoting Mr Hatch
thanks, cloggie.

i read through a couple of posts of yours. apart from being the "bad guy", you've helped me and a lot of others quite a lot.

daily target again achieved.

I can be a grumpy old f@cker at times, but let's be honest the majority here should not be trading in the first place.
  • #333,414
  • Nov 26, 2010 5:45am Nov 26, 2010 5:45am
Flip flopped to short after Cloggie's sphincter forecast. Out at o3 for a profit.
Much respect Cloggie
  • #333,415
  • Nov 26, 2010 5:46am Nov 26, 2010 5:46am
Quoting PayTheLimit
short 3208, sl 3245, tp 3170....

That may be a tad too early. As 3245 was the trigger for the long, the rejection of it would have been the trigger for your short. You need to make decision quickly if you want to trade consolidation areas.
  • #333,416
  • Nov 26, 2010 5:46am Nov 26, 2010 5:46am
Quoting taomql4
Would be careful going short --when you look at the 1 hr TF - it looks
like the classic accumulation Phase Going on ( been trading the channel )--

i think they are now shaking out the weak longs and trapping
the shorts with the V -BOTTOM drop......
I like your view and I agree in theory in a normal day. However, given early close today and that price is trading way below the normal deviation from the lows in my books that is a washout sell without bounce. (so no longs intraday given R:R).

We'll see and good luck

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #333,417
  • Nov 26, 2010 5:46am Nov 26, 2010 5:46am
Breaking news spanish finance minister on the wire further spanish debt auctions coming quote forexinsider forex.com
  • #333,418
  • Nov 26, 2010 5:47am Nov 26, 2010 5:47am
EU under attack from all angles
I SEE YOU !!
  • #333,419
  • Nov 26, 2010 5:47am Nov 26, 2010 5:47am
Quoting PayTheLimit
short 3208, sl 3249, tp 3170....
i think you are gonna get hit--S/L
  • #333,420
  • Nov 26, 2010 5:47am Nov 26, 2010 5:47am
Quoting taomql4
Would be careful going short --when you look at the 1 hr TF - it looks
like the classic accumulation Phase Going on ( been trading the channel -UP/DOwn)--

i think they are now shaking out the weak longs and trapping
the shorts with the V -BOTTOM drop......
I'll keep an eye out...
Look Sharp/Trade Tight
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