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  • #349,941
  • Dec 21, 2010 2:31pm Dec 21, 2010 2:31pm
Looks like it broke support. Another Retest as above.
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  • #349,942
  • Dec 21, 2010 2:37pm Dec 21, 2010 2:37pm
Quoting Linus78
Looks like it broke support. Another Retest as above.

Agree
  • #349,943
  • Dec 21, 2010 2:40pm Dec 21, 2010 2:40pm
Quoting gatorinla
if they downgrade lower. if not gartly min 3135.
predictive one agrees with 3109.8 min it says 3105.5 slip covers the other pips.

here is #2.. it agrees with gartly. respect it or not 3189 is a bad muther.. and will be strong as time goes on. it took china's bs to crack it. and it didn't go far after.
I've been thinking about Euroland downgrades - specifically the time of day they occur since I expect several to occur within the next month.
I noticed that the Moody's release occurred early in the European session. My assumption at this point is that Euroland downgrades occur when European markets are open. Does anyone have an example of Euroland downgrades occurring outside of European market hours? I confess that I haven't watched time of day in the past.

If downgrades have traditionally occurred during Eurpean market hours, I anticipate a small/medium bounce during Asian hours, validating your min 3135.

Edit: I'm tempted to open a mouse sized long going into the Asian session.
  • #349,944
  • Dec 21, 2010 2:51pm Dec 21, 2010 2:51pm
Quoting gatorinla
sorry. i don't always read all of it. i need to enlarge my list to keep some of the bs down.

  • #349,945
  • Dec 21, 2010 2:51pm Dec 21, 2010 2:51pm
Quoting monarch
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...
I do the same, once you have trade for a period of time you develop the
ability to drop to lower TF and reap good profits with smaller stops and a
level of control which may be to confusing and or rapid for new traders
"Your Best trade is a loss with minimum risk"
  • #349,946
  • Dec 21, 2010 2:52pm Dec 21, 2010 2:52pm
I see a lot of bull talk flowing through the pages here and really wonder why...

In a down trend, and forgive me if I am mistaken on the rules of this again, but isn't every day that a new low is created a continuation of trend?

In this down trend, wouldn't we expect the European market times to at least challenge a new low created during the US session?

Is there at least one daily chart that Boasts any reversal signs other than bullshit indicators and hand drawn trend lines?

WTF are you people thinking?

Seriously....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #349,947
  • Dec 21, 2010 2:52pm Dec 21, 2010 2:52pm
Quoting PipChick
Oh same here T. About the time I say 100% sure or even 90%, I get my butt handed to me on a platter.
no 100 %. 60 40 70 30

75 25 maximum
  • #349,948
  • Dec 21, 2010 2:55pm Dec 21, 2010 2:55pm
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 use the charts of FXCM UK and Oanda and I also use others already done for me.

When I day trade which is always if there is a Trade Plan set. I set it of course.

I use a one minute, 5 minute and 15 minute chart that I design myself.

On TOP I use Bollinger Bands, EMA and Parobolic Sar. I find SAR most useful and if you do not use it you should. With one of these charts I can have green on the bottom for SAR and red on the Top.

I then use MACD and RSI

I find Awesome Indicator with Oanda shows me a form of volume so I know if moves are made with strength.

Lately with FXCM UK I have been using Fractional Indicator.

I just wanted to share that.
  • #349,949
  • Dec 21, 2010 2:56pm Dec 21, 2010 2:56pm
Quoting Magix
I see a lot of bull talk flowing through the pages here and really wonder why...

In a down trend, and forgive me if I am mistaken on the rules of this again, but isn't every day that a new low is created a continuation of trend?

In this down trend, wouldn't we expect the European market times to at least challenge a new low created during the US session?

Is there at least one daily chart that Boasts any reversal signs other than bullshit indicators and hand drawn trend lines?

WTF are you people thinking?

Seriously....

Aw yes...magix...The downtrend is a consecutive string of LH and LL. No reversal sign at all so far.

maybe someone plays an intraday counter trend strategy, or going after a pullback ( counter trend also )..

not me. seriously..
  • #349,950
  • Dec 21, 2010 2:56pm Dec 21, 2010 2:56pm
Quoting iflyjetzzz
I've been thinking about Euroland downgrades - specifically the time of day they occur since I expect several to occur within the next month.
I noticed that the Moody's release occurred early in the European session. My assumption at this point is that Euroland downgrades occur when European markets are open. Does anyone have an example of Euroland downgrades occurring outside of European market hours? I confess that I haven't watched time of day in the past.

If downgrades have traditionally occurred during Eurpean market hours, I anticipate a...
sometimes after u.s. market closes/
those who can, do. those who cant, talk about those who can
  • #349,951
  • Dec 21, 2010 2:57pm Dec 21, 2010 2:57pm
Quoting T@rantula
not you.. the muffet patrol
those who can, do. those who cant, talk about those who can
  • #349,952
  • Dec 21, 2010 2:58pm Dec 21, 2010 2:58pm
Quoting snatch
thanx for contributing to my easter fund

it will break 3060 in the next 24hrs and not even the chinese will have enough money to save it... today it was reported in french papers that they could be considering going back to the Franc ...

good luck nevertheless... just added more shorts
Which papers ?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #349,953
  • Dec 21, 2010 3:00pm Dec 21, 2010 3:00pm
Quoting Magix
I see a lot of bull talk flowing through the pages here and really wonder why...

In a down trend, and forgive me if I am mistaken on the rules of this again, but isn't every day that a new low is created a continuation of trend?

In this down trend, wouldn't we expect the European market times to at least challenge a new low created during the US session?

Is there at least one daily chart that Boasts any reversal signs other than bullshit indicators and hand drawn trend lines?

WTF are you people thinking?

Seriously....

short the spikes.
those who can, do. those who cant, talk about those who can
  • #349,954
  • Dec 21, 2010 3:01pm Dec 21, 2010 3:01pm
Quoting gatorinla
sometimes after u.s. market closes/
Thanks.
  • #349,955
  • Dec 21, 2010 3:01pm Dec 21, 2010 3:01pm
Quoting gatorinla
not you.. the muffet patrol
I know.

but the sad one was for not reading it. Doesnt matter, i know u r at the profitable side of a trade
  • #349,956
  • Dec 21, 2010 3:02pm Dec 21, 2010 3:02pm
Hi everybody,

I'm back

But I have founded a special chart pattern: The inverted cup with handle.

I pray that is wrong
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  • #349,957
  • Dec 21, 2010 3:04pm Dec 21, 2010 3:04pm
Is this the right way to see the 1.3135 ????
Attached Image (click to enlarge)
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If you now the Way out -- please tell me
  • #349,958
  • Dec 21, 2010 3:07pm Dec 21, 2010 3:07pm
Quoting Forexpro30
I use the charts of FXCM UK and Oanda and I also use others already done for me.

When I day trade which is always if there is a Trade Plan set. I set it of course.

I use a one minute, 5 minute and 15 minute chart that I design myself.

On TOP I use Bollinger Bands, EMA and Parobolic Sar. I find SAR most useful and if you do not use it you should. With one of these charts I can have green on the bottom for SAR and red on the Top.

I then use MACD and RSI

I find Awesome Indicator with Oanda shows me a form of volume so I know if...
Try not to stack too many.

If u are a fond of indies i recommend 3 simple MA 30 50 100.

And : AMA ( Adaptive moving average), MM lines, Momentum ( for detecting divergences)

A couple of months ago I dropped it all and got back to core PA trading which I have been taught initially.

I did some experiments with indicators and above mentioned are quite good.
  • #349,959
  • Dec 21, 2010 3:08pm Dec 21, 2010 3:08pm
Quoting T@rantula
Aw yes...magix...The downtrend is a consecutive string of LH and LL. No reversal sign at all so far.

maybe someone plays an intraday counter trend strategy, or going after a pullback ( counter trend also )..

not me. seriously..
T, you gotta be one of the last guys I'd be worried about...

Gator, samsies...

But you guys know your shit well enough to cover your asses in the event of any attempted counter trend takes.

It just seems there is still a lot of fresh traders in the mix who might wanna be around in the New Year...Guessing bottoms on a daily chart for long term longs is probably not going to allow that to happen.

Sure, you can scrape a few bones outa not so greedy bull plays, but some of these old dogs and some of the newbs seem a lot confused about what is actually happening.

Forget the bullshit you are reading on the interwebs, look at a daily chart.

Aight, so, in all truth, I haven't had an active trade since Sunday/Monday Asian/London sessions. I took my profit, met my goals and closed my personal trading down for the year.

I am not going to try and disillusion anybody into thinking that I am so great that I can tell you where bottom is...but really, who can ya trust on this?

The bottom line is the bottom line, and in the event of a reversal, it will most likely be a lot more clear then new daily lows and no heavy buying off bottom.

Best o luck though....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #349,960
  • Dec 21, 2010 3:09pm Dec 21, 2010 3:09pm
Quoting sharteel
Hi everybody,

I'm back

But I have founded a special chart pattern: The inverted cup with handle.

I pray that is wrong
The last two circles are depicting a M 1 2 3 reversal pattern ( bearish continuation)
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