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  • #352,101
  • Dec 27, 2010 12:49am Dec 27, 2010 12:49am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting apt
Respected fib level which wasn't breached on Friday.

Wait until London open before you make any moves. We could see a break of 1.3149.
Next resistance is at 1.3176
  • #352,102
  • Dec 27, 2010 12:50am Dec 27, 2010 12:50am
Right on track....

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,103
  • Dec 27, 2010 12:52am Dec 27, 2010 12:52am
Quoting gatorinla
you got the momentum...
Bought @ 3075, Booked @ 3155 .. 80p for breakfast, BB for London..

[Chart]
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  • #352,104
  • Dec 27, 2010 12:53am Dec 27, 2010 12:53am
Quoting iflyjetzzz
I know that the only models we were flying were 727-200s; I assume that'd be the -222s?
well the good news is your not that old then, they used to fly 727-22's, it was the the first model, the dash 100, N7017U their first 727 is hanging in the Museum of Science and Industry, anyway good chatting with ya, I see we got some action here, talk atcha latter, PTL
Look Sharp/Trade Tight
  • #352,105
  • Dec 27, 2010 12:53am Dec 27, 2010 12:53am
Still long here from 3130. Having a hard time deciding to hold or take profit based on the momentum, resistance, and a few opinions here.

I've gotta be up for work in under 2 hours.

Edited to add: Just raised my stop to 3150. Goodnight all.
Don't Panic. Stay With You're Group.
  • #352,106
  • Dec 27, 2010 12:53am Dec 27, 2010 12:53am
if 1.31575 can hold than possibly back down we go.. check your 15 min chart..
There is no royal road to anything.
  • #352,107
  • Dec 27, 2010 12:55am Dec 27, 2010 12:55am
Quoting Piters
Bought @ 3075, Booked @ 3155 .. 80p for breakfast, BB for London..

[Chart]
only if a yearly fib at 3189 allows it..
those who can, do. those who cant, talk about those who can
  • #352,108
  • Dec 27, 2010 1:00am Dec 27, 2010 1:00am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
if 1.31575 can hold than possibly back down we go.. check your 15 min chart..
It will test the previous high of 1.3170- 1.3180 before any drop.

Plus we have an hour before London open.
  • #352,109
  • Dec 27, 2010 1:03am Dec 27, 2010 1:03am
i understood your charts and i was using it.. but on m15 chart.. i dun understand the huge spike up .. magix how did u know it was going to go towards the ema 200?
There is no royal road to anything.
  • #352,110
  • Dec 27, 2010 1:03am Dec 27, 2010 1:03am
Quoting Magix
Trader defined contradiction....
????
  • #352,111
  • Dec 27, 2010 1:03am Dec 27, 2010 1:03am
Quoting PayTheLimit
resistance above at 3139 and 3159,
3139 is done, after 3159 I have 3183, seeing that this market is thin I guess anything is possible today, somewhere above here there is going to be a good amount of stop's...
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Look Sharp/Trade Tight
  • #352,112
  • Dec 27, 2010 1:03am Dec 27, 2010 1:03am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
i understood your charts and i was using it.. but on m15 chart.. i dun understand the huge spike up .. magix how did u know it was going to go towards the ema 200?
Because it broke 1.3149.
  • #352,113
  • Dec 27, 2010 1:06am Dec 27, 2010 1:06am
daily .. hourly or what tf chart? i can't seee in on my stupid igmarkets.. i will try it using mt4... but could i please know the tf charts ty at least my losses are well deserved than since im learning and paying tuition fees lol
There is no royal road to anything.
  • #352,114
  • Dec 27, 2010 1:07am Dec 27, 2010 1:07am
Quoting Leinadgnow
i understood your charts and i was using it.. but on m15 chart.. i dun understand the huge spike up .. magix how did u know it was going to go towards the ema 200?
Because it held hourly support on the drop at open. Once it cleared the daily roll over, it played to hourly resistance.

Did you not see my reply to your first question?
http://www.forexfactory.com/showpost...stcount=352205
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #352,115
  • Dec 27, 2010 1:08am Dec 27, 2010 1:08am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
daily .. hourly or what tf chart? i can't seee in on my stupid igmarkets.. i will try it using mt4... but could i please know the tf charts ty at least my losses are well deserved than since im learning and paying tuition fees lol
Basic resistance and support based off Fib.

http://i55.tinypic.com/64kutj.png

1.3149 was held past couple days and it dropped, now it's broken, it will definitely touch 1.3176 at least, otherwise we would have seen a break, and a sudden surge back down. So it wasn't a fakeout, it wants to test upper resistance.

Sadly, I set my TP @ 1.3145, I didn't expect this kind of strength, either way I was able to get in 50 pips. Can't be sad about that.

Now I suggest you wait before you get into any trades.

edit: Correction 1.3176 not 79.
  • #352,116
  • Dec 27, 2010 1:08am Dec 27, 2010 1:08am
already went short at 1.3144, TP 1.3115..
going to add another short if the price test 1.3185...
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  • #352,117
  • Edited 1:27am Dec 27, 2010 1:11am | Edited 1:27am
Quoting Leinadgnow
i understood your charts and i was using it.. but on m15 chart.. i dun understand the huge spike up .. magix how did u know it was going to go towards the ema 200?
yes apt is right . nobody can tell about a spike up but nature of the movement was impulse , see minute chart waves & H1 200ma around.projection high can be as high as 3190 , 200ma high next 3 hrourly candle or so.
anyway 3169 high started shorts already for some scalping pips towards 3130 or any.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,118
  • Dec 27, 2010 1:15am Dec 27, 2010 1:15am
thanks a million guys .. that really helped to make things easier... umm fontu.. just a feed back? messy charts took me like 5 mins to figured it out.. thanks magix .. fontu and apt for your replies .. did really learn abit.. magix.. are you using zig zag on your mt4?
There is no royal road to anything.
  • #352,119
  • Dec 27, 2010 1:19am Dec 27, 2010 1:19am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Leinadgnow
thanks a million guys .. that really helped to make things easier... umm fontu.. just a feed back? messy charts took me like 5 mins to figured it out.. thanks magix .. fontu and apt for your replies .. did really learn abit.. magix.. are you using zig zag on your mt4?
I'm new, but just sharing what I've been learning.

I know a lot of traders on here, have a lot of indicators and yadda yadda.

I wouldn't be surprised if you'd be better off with just the basics, Price Action, Trend Lines, and S&R.

Just sayin', that's all I have been using the last couple of weeks, and even when I make bad entry and exit decisions, I still end up break even at the worst.
  • #352,120
  • Dec 27, 2010 1:22am Dec 27, 2010 1:22am
Quoting Leinadgnow
magix.. are you using zig zag on your mt4?
Not using zig zag, I really have no use for that as an indicator.

I have been posting the movements in the cable thread as well as have been working with a trader over there...stop over, have a looksie, maybe ya pick up a little something to keep you in the safety zones.



Learning is good, can be expensive to be on the wrong side, but if ya learned something from it, money well spent.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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