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  • #367,081
  • Jan 18, 2011 9:15am Jan 18, 2011 9:15am
Well we're just a couple of clicks from stop city here, so personally I favour more upside...

Also appears to be respecting rising TL, in (as someone just mentioned) bull pennant formation, doesn't guarantee that price will follow through like the text book says tho'...
  • #367,082
  • Jan 18, 2011 9:16am Jan 18, 2011 9:16am
Quoting PhAnTi'
lol
  • #367,083
  • Jan 18, 2011 9:22am Jan 18, 2011 9:22am
what's a pennant?

Quoting fx111
Looks like pennant is forming.
  • #367,084
  • Jan 18, 2011 9:22am Jan 18, 2011 9:22am
Quoting Vilgax
60 pips is still good! better than a kick in the a$$ like I got
you have lots of options to partial exit or tighten/trail stops if you are sitting on good bookable profit, learn from the mistake...
  • #367,085
  • Jan 18, 2011 9:23am Jan 18, 2011 9:23am
Quoting Ma Baker


















Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, H4.gif Size: 22 KB
Put your hands in the air , Give me all your money ! !
  • #367,086
  • Jan 18, 2011 9:24am Jan 18, 2011 9:24am
Quoting BrunargarFx
what's a pennant?
a candlestick formation.
do the google buddy.
Hero calls followed by margin calls...
  • #367,087
  • Jan 18, 2011 9:25am Jan 18, 2011 9:25am
Quoting Hda
JuliusCeasar: You shorted too early


Yeah, maybe its one of those shity trades i take against my better judgement

But i would be surprised if it goes above 1.3465 today

Before end of week yes.
Mind over matter..I don't mind and you don't matter.
  • #367,088
  • Jan 18, 2011 9:25am Jan 18, 2011 9:25am
i think it is time for me to take a break from the computer to make sure i dont commit a mistake trying to make back the 30 - 40 pips i lost!!!!

see you all soon .
  • #367,089
  • Jan 18, 2011 9:26am Jan 18, 2011 9:26am
Quoting BrunargarFx
what's a pennant?
as is often the case our pennant looks as though it's breaking down into sideways action...
Attached Image
  • #367,090
  • Jan 18, 2011 9:26am Jan 18, 2011 9:26am
just not familiar with term, got it now
Quoting PhAnTi'
a candlestick formation.
do the google buddy.
  • #367,091
  • Jan 18, 2011 9:27am Jan 18, 2011 9:27am
This looks like a cup and handle.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 011811.gif Size: 22 KB
  • #367,092
  • Jan 18, 2011 9:27am Jan 18, 2011 9:27am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
I like Murrey Math as it works for me. I think it will come back down to 1.3306....
Attached Image (click to enlarge)
Click to Enlarge Name: mm 4 hr.jpg Size: 98 KB
The forex market has its own life and takes its own time.
  • #367,093
  • Jan 18, 2011 9:36am Jan 18, 2011 9:36am
Quoting Vilgax
I like Murrey Math as it works for me. I think it will come back down to 1.3306....
try this one, it's a little more sophisticated, tagging multiple time frame confluence for stronger and more effective levels...
Attached File(s)
File Type: mq4 Murrey_Math_AllTF.mq4   15 KB | 393 downloads
  • #367,094
  • Jan 18, 2011 9:36am Jan 18, 2011 9:36am
Quoting Vilgax
I like Murrey Math as it works for me. I think it will come back down to 1.3306....
A pip is only worth it if you know how much you risked to earn it
  • #367,095
  • Jan 18, 2011 9:37am Jan 18, 2011 9:37am
Quoting FibbinArchie
try this one, it's a little more sophisticated, tagging multiple time frame confluence for stronger and more effective levels...
Will try this at home, thx Fib!
A pip is only worth it if you know how much you risked to earn it
  • #367,096
  • Jan 18, 2011 9:39am Jan 18, 2011 9:39am
Quoting vlady1974
Will try this at home, thx Fib!
Quoting Vilgax
thank you!!
you're welcome, I only tend to use the longer tf major sup/res levels, but with this you can see them on the m1 & m5...
  • #367,097
  • Jan 18, 2011 9:40am Jan 18, 2011 9:40am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting FibbinArchie
try this one, it's a little more sophisticated, tagging multiple time frame confluence for stronger and more effective levels...
thank you!!
The forex market has its own life and takes its own time.
  • #367,098
  • Jan 18, 2011 9:44am Jan 18, 2011 9:44am
Quoting FibbinArchie
Well we're just a couple of clicks from stop city here, so personally I favour more upside...

Also appears to be respecting rising TL, in (as someone just mentioned) bull pennant formation, doesn't guarantee that price will follow through like the text book says tho'...
Clearly price didn't agree... although we're still above the older rtl from earlier...
  • #367,099
  • Jan 18, 2011 9:50am Jan 18, 2011 9:50am
Stuff im watching

Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 86 KB



Not biased long or short just yet.
  • #367,100
  • Jan 18, 2011 9:52am Jan 18, 2011 9:52am
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