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  • #341,121
  • Dec 7, 2010 10:33am Dec 7, 2010 10:33am
Quoting egkid
We have seen high of the day but have we seen the low of the day or not yet
Depends on when your daily close
that's what I have said now , ( and what I said to my trading partner 6 hours ago )
I SEE YOU !!
  • #341,122
  • Dec 7, 2010 10:33am Dec 7, 2010 10:33am
Quoting dbfusion
don't you just love it
Sure
  • #341,123
  • Dec 7, 2010 10:34am Dec 7, 2010 10:34am
Quoting egkid
1H close under 1.3312 and ... we will c no need to rush
3300 is a done deal.. w/o outside news.
those who can, do. those who cant, talk about those who can
  • #341,124
  • Dec 7, 2010 10:35am Dec 7, 2010 10:35am
london selling euro.let see once they are of the clock, things might calm down a bit there is no risk aversion. es rallying as usual..
  • #341,125
  • Dec 7, 2010 10:35am Dec 7, 2010 10:35am
Quoting goods
Big Dogs hiding range?
Im still seeing that HS pattern when I open your chart which is scaring me away from a long at this particular moment. Funny how charts change from moment to moment.
When I see that on a 5 minute chart when the h1 is long, it tells me that a possible deeper pullback is in store. On a bit larger tf, it tells me a possible trend chage is lurking.
  • #341,126
  • Dec 7, 2010 10:39am Dec 7, 2010 10:39am
Quoting PipChick
My pleasure profx

Damn ... hesiated to reload at 3314 as I had a hunch it may got to 3290 now before a decent bounce ( as there's strong Daily support there. ). However
looks like it may be spending some time at bottoming here so may get another
chance.
  • #341,127
  • Dec 7, 2010 10:39am Dec 7, 2010 10:39am
Quoting PipChick
Its funny because when people post charts, my eyes immediately see patterns.LOL

that helps.. i haven't had much luck with h/s but others are great.
those who can, do. those who cant, talk about those who can
  • #341,128
  • Dec 7, 2010 10:41am Dec 7, 2010 10:41am
Price has breached the lower trend-line in pic below.. that line could become resistance until it crosses back above upper trend-line...

Attached Image (click to enlarge)
Click to Enlarge Name: 8.jpg Size: 135 KB
  • #341,129
  • Dec 7, 2010 10:41am Dec 7, 2010 10:41am
Quoting gatorinla
that helps.. i haven't had much luck with h/s but others are great.

I usually have better luck with H&S on small tf that form within approx 20 to 30 min not over a longer span of time
Know when to hold em, Know when to fold em!
  • #341,130
  • Dec 7, 2010 10:42am Dec 7, 2010 10:42am
Quoting profx
Damn ... hesiated to reload at 3314 as I had a hunch it may got to 3290 now before a decent bounce ( as there's strong Daily support there. ). However
looks like it may be spending some time at bottoming here so may get another
chance.
For me, I will sit aside (and possibly miss a trade) until I get a clear direction. Maybe this is a good time to wrap some gifts. lol (Keeps my mind off the charts!)
  • #341,131
  • Dec 7, 2010 10:43am Dec 7, 2010 10:43am
As expected, the white line in the chart HOLD. the question now is the line in the Yellow box going to break to hit the lines in the Green box's?

Let's watch and see...
Attached Image (click to enlarge)
Click to Enlarge Name: 07-12-2010 - 06 - eurusd - chart.gif Size: 37 KB
  • #341,132
  • Dec 7, 2010 10:45am Dec 7, 2010 10:45am
Gator, I learned something new from you the other day. You corrected me on my TL to cross through the fake out.

Here it is in more context of the picture. You have been right since you posted my correction.

Thanks man.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Know when to hold em, Know when to fold em!
  • #341,133
  • Dec 7, 2010 10:45am Dec 7, 2010 10:45am
Q
Quoting Abu-Rami
As expected, the white line in the chart HOLD. the question now is the line in the Yellow box going to break to hit the lines in the Green box's?

Let's watch and see...
What's under the green Box That what i c in My own Chart
It's matter of time
  • #341,134
  • Dec 7, 2010 10:46am Dec 7, 2010 10:46am
Quoting goods
Gator, I learned something new from you the other day. You corrected me on my TL to cross through the fake out.

Here it is in more context of the picture. You have been right since you posted my correction.

Thanks man.
I depend on candle closes most of the time in order to avoid the fakeouts.
  • #341,135
  • Dec 7, 2010 10:47am Dec 7, 2010 10:47am
Have a good day everyone. Im off to wrap gifts. (or nap)
  • #341,136
  • Dec 7, 2010 10:48am Dec 7, 2010 10:48am
Quoting PipChick
I depend on candle closes most of the time in order to avoid the fakeouts.
I have lost a lot of faith in candles lately, but maybe that was prior to our market trending. I see a lot of fake-outs with candles too.

Dem boy's are hiding their itinerary more and more
Know when to hold em, Know when to fold em!
  • #341,137
  • Dec 7, 2010 10:49am Dec 7, 2010 10:49am
I would be careful with longs. I know it looks tempting.
  • #341,138
  • Dec 7, 2010 10:49am Dec 7, 2010 10:49am
lower trendline still holding..hourly close below should signify more shorts still holding my long positions.
  • #341,139
  • Dec 7, 2010 10:50am Dec 7, 2010 10:50am
Quoting egkid
Q
What's under the green Box That what i c in My own Chart
It's matter of time
Well these are only a stop point you can call it a rest point.. but for what under these boxes we have a lots of point....

Check the chart and pick your points
Attached Image (click to enlarge)
Click to Enlarge Name: 07-12-2010 - 07 - eurusd - chart.gif Size: 32 KB
  • #341,140
  • Dec 7, 2010 10:52am Dec 7, 2010 10:52am
Quoting PipChick
For me, I will sit aside (and possibly miss a trade) until I get a clear direction. Maybe this is a good time to wrap some gifts. lol (Keeps my mind off the charts!)
lol ... yeah too much chart-watching not good for the soul ... me taking break too ...

catch u later ... oh, and u got one more admirer ! (can't vouch yet)
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