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EURUSD

  • #346,221
  • Dec 15, 2010 5:42am Dec 15, 2010 5:42am
Don't want to get involved with this
Looking at my short at present
rat
  • #346,222
  • Dec 15, 2010 5:45am Dec 15, 2010 5:45am
Quoting rattyo
Thats just it I've studied 1st and 2nd World War History.
Dangerous people Germans and Austrians!!
They are not dangerous. They are infact cool.

We havent been allies during WW2 but I admire them in a business way and I like their professionalism.
  • #346,223
  • Dec 15, 2010 5:46am Dec 15, 2010 5:46am
Quoting T@rantula
Well..as u know I made a post about those indicators and silly blue lines...

There is no way indicators can show you entries and exits etc....

I was being criticised about the post I made but I stick to my way of trading.

Do u really think that hedge fund managers, institutional traders and bank traders really depend on indicators and those silly blue/red lines to show them entries/exits.

Think about it...and get rid of them ASAP.
Ok NO indicators, pure price right??? so i have come across the following PA article and attached 1hr EUR.USD chart for yesterdays move, according the PA rules in this article:

Impulsive Moves
Corrective Moves
Pips Gained vs. Pips Lost
Counting Candles

(which i have marked on screen): am i on the right lines before i continue?? ie: if am jsut looking at the chart and after the impulsive move up to around 1.35 2 red candles appear which give signal for the corrective move right?

but with regard to Pips Gained vs. Pips Lost how would this be applied to the chart as both this and Counting Candles all indicate to a higher move as the move from around 1.32 to 1.35 is pointing to a continued UP trend? so what made it reverse and how can you see it is coming?
Attached Image (click to enlarge)
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Attached File(s)
File Type: doc The 4 Staples of Interpreting Forex Price Action.doc   803 KB | 454 downloads
  • #346,224
  • Dec 15, 2010 5:46am Dec 15, 2010 5:46am
Quoting Ulterior
lol, those from Nordic countries are surely insulted by this my friend. Thats the same as to say you are very negro.
LOL

Hopefully this short qorks out later In NY session so I can get out later and get the dogs some treats
rat
  • #346,225
  • Dec 15, 2010 5:51am Dec 15, 2010 5:51am
Quoting rattyo
LOL

Hopefully this short qorks out later In NY session so I can get out later and get the dogs some treats
90% of our children in Lithuania, f.e are born blonde as well as Sweden, Finland, Norwey - should they fall into the same category at birth?
  • #346,226
  • Dec 15, 2010 5:54am Dec 15, 2010 5:54am
Quoting gh0stjpy
Ok NO indicators, pure price right??? so i have come across the following PA article and attached 1hr EUR.USD chart for yesterdays move, according the PA rules in this article:

Impulsive Moves
Corrective Moves
Pips Gained vs. Pips Lost
Counting Candles

(which i have marked on screen): am i on the right lines before i continue?? ie: if am jsut looking at the chart and after the impulsive move up to around 1.35 2 red candles appear which give signal for the corrective move right?

but with regard to Pips Gained vs. Pips Lost how would...
It is the one of PA trading approaches....

I use other methods to interpret the PA... But sure..If you can find someone or something that could teach u a way to trade PA, go for it!
  • #346,227
  • Dec 15, 2010 5:56am Dec 15, 2010 5:56am
Quoting T@rantula
It is the one of PA trading approaches....

I use other methods to interpret the PA... But sure..If you can find someone or something that could teach u a way to trade PA, go for it!
P.S

If I tried to explain everything I know about forex trading it would take too long....
  • #346,228
  • Dec 15, 2010 6:02am Dec 15, 2010 6:02am
Quoting The Fool
bear sign in the news but the market has been heavily short and year end closeouts of those positions will probably give us some more bull moves this week including this morning of course
despite the best efforts of Moody's to stir up the EZ sovreign debt contagion fear, we are sitting within 20 pips of the Tokyo open rate.

US inflation data coming put in 1.5 hrs and if thatis not green then the dollar could be sold a bit more in NY. But I still don't think there will be any 100+ pip moves. Naptime til NYO
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,229
  • Dec 15, 2010 6:03am Dec 15, 2010 6:03am
Quoting T@rantula
P.S

If I tried to explain everything I know about forex trading it would take too long....
Struggle to fill a postage stamp possibly.
rat
  • #346,230
  • Dec 15, 2010 6:06am Dec 15, 2010 6:06am
Quoting rattyo
Struggle to fill a postage stamp possibly.
Well...sorry u r not a Lady. I mistook u for a woman.

My apologize.
  • #346,231
  • Dec 15, 2010 6:06am Dec 15, 2010 6:06am
hm....despite some move in usdchf, usdjpy and even eurusd, gbpusd still didn't move a bit. LOL
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #346,232
  • Dec 15, 2010 6:06am Dec 15, 2010 6:06am
Clearer picture, FYI:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_daily.gif Size: 25 KB
  • #346,233
  • Dec 15, 2010 6:09am Dec 15, 2010 6:09am
Quoting T@rantula
It is the one of PA trading approaches....

I use other methods to interpret the PA... But sure..If you can find someone or something that could teach u a way to trade PA, go for it!
ok can you give examples methods??
  • #346,234
  • Dec 15, 2010 6:09am Dec 15, 2010 6:09am
Quoting aiyoyo
hm....despite some move in usdchf, usdjpy and even eurusd, gbpusd still didn't move a bit. LOL
How come? I have shorted 5750 5710 closed and look at the PA subsequent move.
  • #346,235
  • Dec 15, 2010 6:11am Dec 15, 2010 6:11am
Quoting T@rantula
Well...sorry u r not a Lady.

My apologize.
nothing a firm hand couldn't remedy
"If The Fool persists in his Folly he will become wise." - William Blake
  • #346,236
  • Dec 15, 2010 6:11am Dec 15, 2010 6:11am
Quoting gh0stjpy
ok can you give examples methods??
We are not at the right place and time...

Try to read my posts and look at the charts I post...

Ill send u a PM.
  • #346,237
  • Dec 15, 2010 6:13am Dec 15, 2010 6:13am
Quoting T@rantula
How come? I have shorted 5750 5710 closed and look at the PA subsequent move.
I have long position for gbpusd that still open which i forget to set s/l and now i plan to close when there is some retrace. There seem no retrace at all atm, even other usd pair start running...
Good day, I'm okay. Bad day, I'm okay. What's the difference?
  • #346,238
  • Dec 15, 2010 6:17am Dec 15, 2010 6:17am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Eur/Usd breakout to 1.3400 ++ ?
  • #346,239
  • Dec 15, 2010 6:18am Dec 15, 2010 6:18am
Quoting T@rantula
I will make a long scalp at a clear break of 3340 if it gets there.

So far 2/3 of my trade has been closed and 1/3 stopped at BE.

GU has touched a targeted price of 5710 and closed it all.
W pattern 3380 possible target.. 3345 long in play
  • #346,240
  • Dec 15, 2010 6:23am Dec 15, 2010 6:23am
Quoting T@rantula
W pattern 3380 possible target.. 3345 long in play
I recognized W pattern today before you posted T., how do you calculate target for W pattern? How did you come up with 3380?

Thanks
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