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  • #341,781
  • Dec 8, 2010 3:08am Dec 8, 2010 3:08am
watching fib levels 50 61.8 on daily but 15 minute chart

time will only tell may just like yesterday

good luck
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  • #341,782
  • Dec 8, 2010 3:10am Dec 8, 2010 3:10am
Quoting gatorinla
hold it 4 1500
See you there
  • #341,783
  • Dec 8, 2010 3:11am Dec 8, 2010 3:11am
This what u are seeing in called a MOMENTUM breakout. If u switch to m5 U can see MOMENTUM candles.
  • #341,784
  • Dec 8, 2010 3:11am Dec 8, 2010 3:11am
I'd say she's going to 2970s area
  • #341,785
  • Dec 8, 2010 3:11am Dec 8, 2010 3:11am
Quoting gatorinla
pull back expected at 3167/70 ... 3177 was target.. slip should bring up the rest. chart target is hard to see.. but its 3177
they don't seem to be playing now. the bounces are shallow at best.
  • #341,786
  • Dec 8, 2010 3:11am Dec 8, 2010 3:11am
Quoting mck6206
ahh, no wonder you guys can hold for large moves. im sitting here trading $5 to $30 per pip shitting my pants and wondering how you guys take 100 to 200 pip trades. Matbe I should scale down some.
personaly taking very low tp around 5/6 pips and doing many many trades also with smaller amount from 0.1 - 0.5 lot ,... the final result is sometimes in hundreds of pips per day , if i were you , will lower the volume you trade with ,...of course with respect you should know what is good for you GL
  • #341,787
  • Dec 8, 2010 3:13am Dec 8, 2010 3:13am
Quoting T@rantula
This what u are seeing in called a MOMENTUM breakout. If u switch to m5 U can see MOMENTUM candles.
T.,

What are characteristics of Momentum candles and what is the significance of them? If you say they are momentum candles - does it mean you expect the move to continue for some time?
  • #341,788
  • Dec 8, 2010 3:14am Dec 8, 2010 3:14am
Quoting Mr Hatch
doesn't look too bad as you wrote it. volume's low, too, so no real buying going on. but that's too early to say atm.
if pips are moving.. i don't care whose buying or selling. they both pay the same.
those who can, do. those who cant, talk about those who can
  • #341,789
  • Dec 8, 2010 3:15am Dec 8, 2010 3:15am
Locked in profits from yesterday at 1.319, now waiting for the bounce (indicators show overbought at present).
Have a good day trading.
B.
  • #341,790
  • Dec 8, 2010 3:15am Dec 8, 2010 3:15am
Quoting T@rantula
This what u are seeing in called a MOMENTUM breakout. If u switch to m5 U can see MOMENTUM candles.
can happen this also on higher tfs like H1 ? i mean that also momentum candles could appear there?
  • #341,791
  • Dec 8, 2010 3:18am Dec 8, 2010 3:18am
Theres the break through I've been waiting for Hopefully it wont have munch of an issue going through the support level at 3184.

Short at 1.3205
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  • #341,792
  • Dec 8, 2010 3:18am Dec 8, 2010 3:18am
My chart indicates that Europe is building up strength for long. So I long at 3180. I'll sit back and observer
  • #341,793
  • Dec 8, 2010 3:19am Dec 8, 2010 3:19am
...

Quoting wormboy
lol he's back. get ready to short eu
Hello.
  • #341,794
  • Dec 8, 2010 3:19am Dec 8, 2010 3:19am
BTW - one can get some momentum candles here: http://www.momentumcandles.com/
  • #341,795
  • Dec 8, 2010 3:20am Dec 8, 2010 3:20am
Quoting dbfusion
some speculation chart as long as PA sleeping .

I tend to beleive in double top formation rather than 123 , and the spike to 3430s could be ignored , specially when it happened after NY stocks closed at the end of the week and directly falling in the opening of the new week .

this double top have a target till 3100 area which is almost fib 78.6 from the last 400 pip rally.

61 fib on the other hand @ 3146 area .

and current 50% level is weak one.

so pick any scenario. unfortunatly I dont have bullish one atm.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #341,796
  • Dec 8, 2010 3:20am Dec 8, 2010 3:20am
Quoting hammer083
T.,

1.What are characteristics of Momentum candles and what is the significance of them? 2.If you say they are momentum candles - does it mean you expect the move to continue for some time?
1.Strong pressure in either buying or selling without any immediate pullback. They thrust thru sup/res as a knife thru butter. Those candles are characterized by small or no wicks at all. Momentum is needed in forex market as the market is not centralized.

2. Usually yes. 3 black crows or 3 white soldiers are usually a continuation pattern.

Momentum can be stalled when PROFIT TAKING happens.
  • #341,797
  • Dec 8, 2010 3:21am Dec 8, 2010 3:21am
Quoting Tomex
can happen this also on higher tfs like H1 ? i mean that also momentum candles could appear there?
ofcourse. The higher the TF the better.
  • #341,798
  • Dec 8, 2010 3:25am Dec 8, 2010 3:25am

http://www.forexfactory.com/showpost...stcount=339320
http://www.forexfactory.com/showpost...stcount=339637
http://www.forexfactory.com/showpost...stcount=341260
http://www.forexfactory.com/showpost...stcount=341687
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  • #341,799
  • Dec 8, 2010 3:25am Dec 8, 2010 3:25am
short 3200, sl 3255, tp 3150...
Look Sharp/Trade Tight
  • #341,800
  • Dec 8, 2010 3:25am Dec 8, 2010 3:25am
Quoting Mr Hatch
the H1 close looks promising.
yes , 7th H1 candle of the bear rally now , next 8th & 9th should more rally & also close close above specially 8th may go target next . lets see .

sorry did not post , 8th candle trying hard break resistances around , horrible , may close above close price though .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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