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  • #349,901
  • Dec 21, 2010 1:27pm Dec 21, 2010 1:27pm
Quoting Mr Hatch
hi anna,

did you notice the glitch when drawing trendlines? they tend to not snap to the point where I want to point the "connectors" to. the same actually with fibonacci as well.
i cant say ive noticed that... but i only use fib channels and trend lines... fib extension and retracements i dont like.....

short euro and enjoy...
xx
anna
  • #349,902
  • Dec 21, 2010 1:28pm Dec 21, 2010 1:28pm
its moody after all love it lets see where greece will take us
  • #349,903
  • Dec 21, 2010 1:29pm Dec 21, 2010 1:29pm
Quoting Forexbiz
thats why its the only pair I trade, I trade it from the M1 to Daily, as long
as you do not fall in love with a long or short bias and can stay flexible to
changes while not fighting the main trend you can become very profitable
I know some traders who only trade the pair one way, that is great, but you may have to wait some time to find a trade.
I use to trade on the larger time frames, but as the years progressed, I found ways to make a lot of pips just hitting a quick area of price stall/reverse/breakout.
It is very easy to keep the profits also having smaller stop losses on my trades, typically I have around 3-5 pip stop, occasionally 10 if were on a major area of sup/res.
I watch the 1/5/15 min primarily, but also the hour on 8 pairs to see the overall market direction with E/U and USD.

Cheers, and good trading.
  • #349,904
  • Dec 21, 2010 1:34pm Dec 21, 2010 1:34pm
Quoting primzvicious
pretty much the same
closed all short
Verily, in every difficulties there is relief
  • #349,905
  • Dec 21, 2010 1:37pm Dec 21, 2010 1:37pm
Quoting gatorinla
target #1 was the white dotted line. #2 in the red chart. pink box is a mofu that should provide st resistance. white lines in the background are a bigger predictive. sos with slip bounce. we usually bounce after one is hit and slipage. we just hit one (white dotted line). there is a gartly that indicates we may go back to 3135 or more (we are in its range atm). it expires around 3045. so be on the lookout.

gl

edit.. my tittle says 2969 to 2904
2904 should be 2804
hey mate. A sneak peek into my mind
  • #349,906
  • Dec 21, 2010 1:37pm Dec 21, 2010 1:37pm
Quoting snatch
enjoy your lunch.... euro is gone and isnt coming back about for another lame attempt for SL hunting... otherwise, its hello 3050; 3000; 2960; 2840; 1800; 0894...
i love snatch... and you're targets too ! happy holidays
hang on to your bread......unless you want toast
  • #349,907
  • Dec 21, 2010 1:40pm Dec 21, 2010 1:40pm
Even though we see signs of a 300 pip long or a 200 pip short we need to be so careful to preserve the accounts during this time of year. There is no room for certainty, I think its a play by play , moment by moment type of market. For instance....big spike up this morning to the h1 neckline. Now it appears the 1 hour head and shoulders pattern is in play EXCEPT....we also have some things telling us there could be a decent up move coming... who knows?
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  • #349,908
  • Dec 21, 2010 1:41pm Dec 21, 2010 1:41pm
Quoting T@rantula
hey mate. A sneak peek into my mind
this is just the gate opening. 1869 16xx seems likely. chart says it all.
those who can, do. those who cant, talk about those who can
  • #349,909
  • Dec 21, 2010 1:43pm Dec 21, 2010 1:43pm
Quoting paul1
I'am trying to be the best sponge i can an absorb as much as possible as forexpro says I use everything until it proves of no benefit.

After trying all indicators and methods I have small tool kit --fibs support/demand and resistance/supply. lengths bars and pins .
1000 Tick chart that serves as 1 minute to 2hr time frame depending how much activity there is.
Thats my technical tool box
I'am keen to fill my fundamental tool box now .
I compare these two elements of trading similar to driving a car .
You can just drive it but it does help to have...
I too have found less to be best. I draw my own support/resistance, pull a fib on the H1 and daily and other then that I can't trade unless I have the 20/200ema on my charts (thanks Magix) Have a trading plan and write down every trade and plan the night before what I am looking for. Only been trading regularly since last April but you know ... this last 2 months I have been getting consistent wins so I will stick with what I do and like you, learn what fuel this forex engine likes to use.

Trade well Paul and a Merry Merry to you!
  • #349,910
  • Dec 21, 2010 1:43pm Dec 21, 2010 1:43pm
Quoting PipChick
Even though we see signs of a 300 pip long or a 200 pip short we need to be so careful to preserve the accounts during this time of year. There is no room for certainty, I think its a play by play , moment by moment type of market. For instance....big spike up this morning to the h1 neckline. Now it appears the 1 hour head and shoulders pattern is in play EXCEPT....we also have some things telling us there could be a decent up move coming... who knows?
that monthly candle should not be ignored either. its reflective, more then predictive. 10 days left.. and we surely can have 300 pip moves in both directions. we do have gravity to 2804 and 23xxx
those who can, do. those who cant, talk about those who can
  • #349,911
  • Dec 21, 2010 1:45pm Dec 21, 2010 1:45pm
Though apparently seems 3051 is good stop of the day or even the bear not to continue so direct but another chart may show more down towards the bottom , better close here as already sleeping time & go & let it decide next day .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,912
  • Dec 21, 2010 1:46pm Dec 21, 2010 1:46pm
Quoting PipChick
Even though we see signs of a 300 pip long or a 200 pip short we need to be so careful to preserve the accounts during this time of year. There is no room for certainty, I think its a play by play , moment by moment type of market. For instance....big spike up this morning to the h1 neckline. Now it appears the 1 hour head and shoulders pattern is in play EXCEPT....we also have some things telling us there could be a decent up move coming... who knows?
hm... this surely doesn't look like a "wait for confirmation"-scenario atm.

my sl are in place on the short side, so I have two options... sit it out or risk a 10ct/pip hedge.
  • #349,913
  • Dec 21, 2010 1:47pm Dec 21, 2010 1:47pm
Quoting gatorinla
that monthly candle should not be ignored either. its reflective, more then predictive. 10 days left.. and we surely can have 300 pip moves in both directions. we do have gravity to 2804 and 23xxx
Yes I agree, we CAN have a 200 or 300 pip move but I also think people may be caught off guard by the direction of the 200 or 300 pip move.
  • #349,914
  • Dec 21, 2010 1:47pm Dec 21, 2010 1:47pm
st if we touch 3093 .. odds are we will see 3109...min...
those who can, do. those who cant, talk about those who can
  • #349,915
  • Dec 21, 2010 1:48pm Dec 21, 2010 1:48pm
Quoting Mr Hatch
hm... this surely doesn't look like a "wait for confirmation"-scenario atm.

my sl are in place on the short side, so I have two options... sit it out or risk a 10ct/pip hedge.
You are going to hedge it?
  • #349,916
  • Dec 21, 2010 1:50pm Dec 21, 2010 1:50pm
Quoting PipChick
Yes I agree, we CAN have a 200 or 300 pip move but I also think people may be caught off guard by the direction of the 200 or 300 pip move.
odds are we go to the open/close.. 2969.. or yearly 2804 and big market bears want a pip below both min. at years end. its a guy thing.. we want the open at the end. *L*
those who can, do. those who cant, talk about those who can
  • #349,917
  • Dec 21, 2010 1:51pm Dec 21, 2010 1:51pm
Quoting Venice
Not at all, look for a breakout on the triangle.

Edit: Well, relative to this month. Trading sucks during this time of the year. Yes, things are slow, but there are still pips to be made, but its why I stay on the bigger TF's.

Edit Edit: Ooops, Triangle bottom just fell through. Still a triangle but not so much of a slope on support side.
Lol, well a couple of hours on and still noting much...
  • #349,918
  • Dec 21, 2010 1:52pm Dec 21, 2010 1:52pm
Quoting gatorinla
odds are we go to the open/close.. 2969.. or yearly 2804 and big market bears want a pip below both min. at years end. its a guy thing.. we want the open at the end. *L*
What are you thinking for the current time. Right now?
  • #349,919
  • Dec 21, 2010 1:53pm Dec 21, 2010 1:53pm
Quoting priceaction

The chart below shows (the Stan Weinstein method) what typically happens in the market and why some traders win and most traders lose.
Exactly. I would add...the Price action is about buying support and selling resistance.

Well it depends who is reading the priceaction itself ofcourse

T
  • #349,920
  • Dec 21, 2010 1:53pm Dec 21, 2010 1:53pm
Quoting monarch
Could not resist the move up and stall for a short +6 pips.

This was the beginning of the move back down to test lows.

I am finished for the day, taking easy money from the market.

Cheers.
Couldn't resist? Eh?

How did you even know that was gonna happen?
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