DislikedThose boxes are Support and Resistances at the top and bottoms. Ok you have a price at the top and bottom of every box thats made so as Price action moves, you watch what PAST box top(long) or bottom(short) is best aligning up with the Candle that is being formed and when it does that past price becomes a support or resistance. If the forming candle continues trough that price point, it can keep going until the next price point or whenever. As a rule of thumb Mme likes to use the 4hr candle close as entry and then use supports or resistances as...Ignored
- #2,562
- Feb 5, 2011 12:31pm Feb 5, 2011 12:31pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Guys, This for all of you to figure it out.EUR/NZD
- #2,563
- Edited 2:05pm Feb 5, 2011 1:45pm | Edited 2:05pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
- #2,564
- Feb 5, 2011 2:16pm Feb 5, 2011 2:16pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Cool, Its best to use one big fish, cut up to catch a bunch of little fishes. Then maybe one day, we catch many more big fishes.. LOL Dan the fisherman, Is this correct?
We can only hope!
Sniper, your charts look great! My current platform doesn't give the option of the boxes, so I've got to add different colored segments for daily, weekly, monthly, quarterly. It gets the job done...although it gets cluttered looking, especially in the larger time frames. I've tried MT4 and I'm having trouble coming up with something I like more than the compromise I've currently got. Plus, If I make the move to MT4 I've got to open a new account, over the current one. Not a big deal...but if I'm going to make a move like that I want to have a system I'm happy with.
Again...your charts look great!
Dan
- #2,565
- Edited Feb 6, 2011 8:36am Feb 5, 2011 7:14pm | Edited Feb 6, 2011 8:36am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
This is for you Dan
Attachment
Hmmm...
It's the monthly look at the EUR/NZD. 1.69334 bottom. After it had found the bottom, it was in a small uptrend and then got caught up in consolidation.(edit, edit) It's now working the area to the 78.6 and 127.2, which also has previous support at 1.7568 area and to 1.7850.
Hey, I may be wrong...but I'll find out why!
Anyone have an idea what Mme wants?
Dan
Attachment
- #2,567
- Edited Feb 6, 2011 8:35am Feb 5, 2011 7:53pm | Edited Feb 6, 2011 8:35am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Sniper this is your answer monthly chart only, you was watching American Idol man.
Mme, It would be nice to clear 1.8097 ? and continue long to 1.8600 ish, then to 1.8880 ish. This could be a beast. Been trying to work it out, but had to shut down my PC to get my printer to link back up and lost 3 days work on my platform. Not happy but Ill do it again. Rainy weather and cold weekend here so far.This is in downtrend? or should we expect double bottom bounce back up from here? Your thoughts? Where was I on 3/1/09? lol when this rain started. Bucketfuls...lol
- #2,569
- Feb 5, 2011 8:04pm Feb 5, 2011 8:04pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Future man, all numbers are valid. this time I was trading Gbp/Usd and Eur/usd heavy, they were trending nice.
Mme Thank you. Are these numbers for a future trades or past? Did you trade these pips? Wow..What a traders dream.
- #2,571
- Feb 5, 2011 8:08pm Feb 5, 2011 8:08pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Trend line, big, little. Trend line, big, little Start at each one at the same beginning.
Ok...I'm just talking to myself.
Mme, thank you for getting the S/R points in line for me. I've got another currency to chart now! Always start the same in the large time frame first, then move to the smaller time frames.
I must admit, after the trend line is drawn it looks vaguely similar to the opposite image of the beginning of the fractal.
,
Dan
Ok...I'm just talking to myself.
Mme, thank you for getting the S/R points in line for me. I've got another currency to chart now! Always start the same in the large time frame first, then move to the smaller time frames.
I must admit, after the trend line is drawn it looks vaguely similar to the opposite image of the beginning of the fractal.
,Dan
- #2,573
- Feb 5, 2011 8:24pm Feb 5, 2011 8:24pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
DAN, human love to complicate things, it is a selling tools for dummies, the more you make it complicated, the more they want it for higher price, it is human nature to pay more for something you don't understand but you wanted. Most traders love to complicate things, so they set in front of the computer trying to figure out what is wrong with the market, but they never realize there is nothing wrong with the market, you just seeing things.
So when someone come with a Holy Grail as they say, they run and pay thousand for it, after they realize they were dummies and fall for it.
So when someone come with a Holy Grail as they say, they run and pay thousand for it, after they realize they were dummies and fall for it.
Trend line, big, little. Trend line, big, little Start at each one at the same beginning.
Ok...I'm just talking to myself.
Mme, thank you for getting the S/R points in line for me. I've got another currency to chart now! Always start the same in the large time frame first, then move to the smaller time frames.
I must admit, after the trend line is drawn it looks vaguely similar to the opposite image of the beginning of the fractal.
Dan
- #2,575
- Edited Feb 6, 2011 8:35am Feb 5, 2011 8:46pm | Edited Feb 6, 2011 8:35am
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Now take a look at the Euro from 2008 until now Attachment
ok im lost that go im taking the class lol
- #2,576
- Feb 5, 2011 8:51pm Feb 5, 2011 8:51pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
Quick question>? Why is the a Green square next to everyones name...not mine.. Then all your names at the bottom have a + ..but not mine? Am I a loner?
the +'s had me wondering for some time. Everyone I saw had +'s! What does it mean, I thought. Mme, aman, lilyrose, sniper, joey...
I finally figured out it is because you are on my buddy list
- #2,578
- Feb 5, 2011 9:00pm Feb 5, 2011 9:00pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Can you trade this chart
lol 