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  • #343,161
  • Dec 9, 2010 1:12pm Dec 9, 2010 1:12pm
go to a 5 m chart.. look at the top.. study other tops are bottoms. use a tf where you can actually see it being built. many times there is a V in the center forming a double top.. but usually whether its lower or higher it will surge some and form a higher r edge (then the center or l edge.).. sometimes its a spike with a longer wick..
those who can, do. those who cant, talk about those who can
  • #343,162
  • Dec 9, 2010 1:14pm Dec 9, 2010 1:14pm
Quoting pips2504
15MIN CHART
200 SMA

SIMPLE,

Put it on your charts, and see if its not the best trading tool in Forex, a brave statement but see for yourself

Enjoy the pips

check november 22d on us yen.. your 200 sma indicator is a mess
Andreyou
  • #343,163
  • Dec 9, 2010 1:15pm Dec 9, 2010 1:15pm
Quoting moonchild
I just use very basic support, resistance, price action and round numbers.

Personally, I do not see this going up significantly since I also watch fundamentals. When I first started trading, using a broker, and prior to personal computers, all I really used then was fundamentals. Yes, I am as old as the hills.
thank you brother, as I think I'm much older than you.
Anyway. you got very good basis of price action and movement. I will keep watching your post. I've shorted EUR/USD after seeing your post, now time to collect pips $$$$$$$$$$
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #343,164
  • Dec 9, 2010 1:18pm Dec 9, 2010 1:18pm
Quoting Piters
Hmm. not so sure.. Double top with Divergence ??? ... Doesnt looks ANY good for BULLS ???

just my 2pips
your right... doesn't look good at first glance.. but look at your first chart from may till june.. also divergence but not a direct reversal...
  • #343,165
  • Dec 9, 2010 1:22pm Dec 9, 2010 1:22pm
Quoting Piters
Hmm. not so sure.. Double top with Divergence ??? ... Doesnt looks ANY good for BULLS ???

just my 2pips
I see a divergence also on my D1 chart? Could this be an end to the downtrend or just a coincidence?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_Divergence_20101209.jpg Size: 135 KB
  • #343,166
  • Dec 9, 2010 1:24pm Dec 9, 2010 1:24pm
Quoting TudorJonesJR
your right... doesn't look good at first glance.. but look at your first chart from may till june.. also divergence but not a direct reversal...
The first two are Daily charts...
the last is hourly chart with double top and div.
[We may see that TL easy broken..]
  • #343,167
  • Dec 9, 2010 1:26pm Dec 9, 2010 1:26pm
My personal opinion is that for now is stronger FA than TA ,...thats why the divergence appiers on higher tf ,.... just thinking loudly
  • #343,168
  • Dec 9, 2010 1:26pm Dec 9, 2010 1:26pm
http://img1.imagehyper.com/t/0/0/344...0-1a2162a0.gif
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  • #343,169
  • Dec 9, 2010 1:28pm Dec 9, 2010 1:28pm
Quoting Arona
You guys are helpful thanks.. but there's nothing in there. I right clicked and it shows Stadarts - Charts - Line Studies - Periodicity... Customize. Browsed through and nothing of US$ Index.
Try doing exactly what i wrote before. From your answer you did not click to get the right menu.

one more time....

find and click on market watch...

the list will appear on the left hand side of available symbols

Go to the top and you will see the word "Symbol"

right click on the word "symbol" and a menu will appear

click on the ..SHOW ALL...

this will show all the hidden symbols..

If that broker does not have the dollar index...use the free Bronco broker.
  • #343,170
  • Dec 9, 2010 1:31pm Dec 9, 2010 1:31pm
http://dealbook.nytimes.com/2010/12/...er=rss&emc=rss

  • #343,171
  • Dec 9, 2010 1:35pm Dec 9, 2010 1:35pm
Quoting Qfx
You may short for a little bit but I won't recommend. It will go long after that. Good luck.
Price is unpredictable. Knowing where you are on the wave is how you should trade.
Qfx,

Thank you for your kind words.
I'm ou from my short , now going Long 1.32231. any idea where the price might go ???
Cheers
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #343,172
  • Dec 9, 2010 1:38pm Dec 9, 2010 1:38pm
Quoting malcolmb14
one and only one indicator need to trade euro is the eurusd chart. dx is only 54% euro and rest other currencies.

If you did not understand that 1.33 is weekly resistance on euro then you had better stop trading a live account now and learn about s/r
With all due respect Mal, (you know you are my bud ) But as for the DX and trading the EU,...for me personally,I use the DX religiously for trading the EU. There are levels on the DX that when price approaches and fails, the EU is sure to fail its own level,. Once the DX surpases its s/r, then the EU is free to go also. When that level is broken on the DX, then usually the EU will break its level.
When I dont keep an eye on the dx and I have a losing trade, I almost always find that I failed to check on the DX before entering the trade and I find that the DX is stuck at a s/r and hasnt broken thru yet.
  • #343,173
  • Dec 9, 2010 1:38pm Dec 9, 2010 1:38pm
Quoting def_chicago
I see a divergence also on my D1 chart? Could this be an end to the downtrend or just a coincidence?
It's not a divergence! It's a bearish convergence and means the big potential of going down.
  • #343,174
  • Dec 9, 2010 1:41pm Dec 9, 2010 1:41pm
10-Year 2.625 11/15/2020 94-30+ / 3.23 0-12 / -0.050 14:30 30-Year 4.250 11/15/2040 97-08+ / 4.41 0-20 / -0.042 14:30
SOURCE BLOOMBERG.

Yields are back on level .so it means a downward ride starts for euro here.
  • #343,175
  • Dec 9, 2010 1:44pm Dec 9, 2010 1:44pm
Quoting def_chicago
I see a divergence also on my D1 chart? Could this be an end to the downtrend or just a coincidence?
Daily chart .. hidden divergence..

Nice INFo on Diverg. you can find here:

1. http://www.trading-naked.com/Divergence.htm
2. http://www.trading-naked.com/daily_f...art_020603.htm
3. http://www.trading-naked.com/images/...Divergence.png

cheers!
Attached Image (click to enlarge)
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  • #343,176
  • Dec 9, 2010 1:46pm Dec 9, 2010 1:46pm
Quoting Pat Chiko
Qfx,

Thank you for your kind words.
I'm ou from my short , now going Long 1.32231. any idea where the price might go ???
Cheers
No price moment at this time. Both 1h and 4h are conflicting each other.

No signal for buy at this time. Stay out of the market. Take a break and come back in a few hours to see direction clearer.
  • #343,177
  • Dec 9, 2010 1:51pm Dec 9, 2010 1:51pm
Quoting Piters
Daily chart .. hidden divergence..

Nice INFo on Diverg. you can find here:

1. http://www.trading-naked.com/Divergence.htm
2. http://www.trading-naked.com/daily_f...art_020603.htm
3. http://www.trading-naked.com/images/...Divergence.png

cheers!
Thanks, I'll check it out.
  • #343,178
  • Dec 9, 2010 1:53pm Dec 9, 2010 1:53pm
Quoting Qfx
No price moment at this time. Both 1h and 4h are conflicting each other.

No signal for buy at this time. Stay out of the market. Take a break and come back in a few hours to see direction clearer.
Roger that. out from market with + 6 pips.

Thanks again
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #343,179
  • Dec 9, 2010 2:02pm Dec 9, 2010 2:02pm
that's a tight one
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2010-12-09 um 21.01.20.png Size: 65 KB
  • #343,180
  • Dec 9, 2010 2:02pm Dec 9, 2010 2:02pm
Quoting PipChick
With all due respect Mal, (you know you are my bud ) But as for the DX and trading the EU,...for me personally,I use the DX religiously for trading the EU. There are levels on the DX that when price approaches and fails, the EU is sure to fail its own level,. Once the DX surpases its s/r, then the EU is free to go also. When that level is broken on the DX, then usually the EU will break its level.
When I dont keep an eye on the dx and I have a losing trade, I almost always find that I failed to check on the DX before entering the trade and I find...
if it aint broke, don't fix it. nobody here knows whats in your refrigerator. we can all guess. make suggestions or whatever. but you keep your milk on the self that best for you.
those who can, do. those who cant, talk about those who can
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