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  • #385,161
  • Feb 11, 2011 1:59pm Feb 11, 2011 1:59pm
Quoting TheSwede
Well I agree that the difference in the numbers aren't a big deal, but how can I tell a speedbump from an SR?

I still believe I'll keep the 1.3379 on my chart though.

For you it won't be a speedbump but a full blown SR. I use london, and that has proven me right for the last 20 years.
  • #385,162
  • Feb 11, 2011 2:04pm Feb 11, 2011 2:04pm
Quoting Mr Hatch
yep, this will be a telling number. I'd like below 44, bulls want 80... so, in between and I'm none the wiser.
http://www.forexfactory.com/attachme...5&d=1297453576
Mr. Hatch, Good catch and interesting observation, but I think there's some sort of anamoly on your weekly volume, or the broker is playing some kind of trick (or, they have changed added to/taken away from their feed - happens more than you think.)

I am not seeing the same thing on my CitiBank LP volume, which is normally as good as eSignal in terms of bar to bar differences, I believe due to the wide array of trading entities using them as a LP. (Note the 2x Citi volume ticks too)

Just pointing it out to be cautious on any overly leaning assumptions ... we have enough of that in fx!
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  • #385,163
  • Feb 11, 2011 2:10pm Feb 11, 2011 2:10pm
I learned a lot lately...
that's why i'm still up in the past few days...
I have been playing with mini lot like .10 ...
if i win i'll win little ... if it negative i'll let it keep going into
negative for like -50 PIPS ... then i'll start to add bigger position
like $1 .... i have to do mini lot coz of the feeling to be in the market..

I always enjoy retrace, i can't catch the big wave...
usually if you wait until london close till about 2:30-5 PM
you will see small retrace like 30 PIPS or so ....
  • #385,164
  • Feb 11, 2011 2:11pm Feb 11, 2011 2:11pm
Quoting cloggie
For you it won't be a speedbump but a full blown SR. I use london, and that has proven me right for the last 20 years.
Ok, not my mind that doesn't work. Will open a chart and shift to London open and see what I see.

Thanks, have a nice weekend.
  • #385,165
  • Edited 2:27pm Feb 11, 2011 2:11pm | Edited 2:27pm
Quoting Beljevina
Mr. Hatch, Good catch and interesting observation, but I think there's some sort of anamoly on your weekly volume, or the broker is playing some kind of trick (or, they have changed added to/taken away from their feed - happens more than you think.)

I am not seeing the same thing on my CitiBank LP volume, which is normally as good as eSignal in terms of bar to bar differences, I believe due to the wide array of trading entities using them as a LP. (Note the 2x Citi volume ticks too)

Just pointing it out to be cautious on any overly leaning...
thanks for reminding me to double-check. the chart I posted comes from alpari, windsor fx is giving me roughly the same picture that you posted. just based on the 3 weekly candles having their wicks/closes in about the same zone, I'd say, they're absorbing huge (upper wick) selling power, but that's just my amateurish viewpoint. nothing, I'd bet anything on, because I find it quite disturbing.

edit: the only place where I saw this that immediately comes to mind is the feb-march area 2010, where candles were upside down, people were calling for higher levels and it turned down big-time.

edit2: gu done.
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  • #385,166
  • Edited 2:41pm Feb 11, 2011 2:15pm | Edited 2:41pm
gator,

If you are with us, I would be interested in your views for the E/$ for the upcoming week. I was watching the news, but now o is on the air attempting to take credit for what has taken place in Egypt. In the future if that turn into sour grapes I wonder if he'll blame it on Bush?

Anyway your views would be appreciated.
__________________
  • #385,167
  • Feb 11, 2011 2:17pm Feb 11, 2011 2:17pm
Quoting cloggie
12.5% a week will turn 10k into 4mill in a year.

I got 10K in the account ... but i'm wondering if it will down to 0 or
4 Mil in a year ... lol
  • #385,168
  • Feb 11, 2011 2:20pm Feb 11, 2011 2:20pm
why you guys here! to waite...?

do you guys expecting big move for these few hours?
Trade what you see, Not what you think.
  • #385,169
  • Feb 11, 2011 2:23pm Feb 11, 2011 2:23pm
I have alerts set for a retrace in price on the 1hr chart to 3615 area and hope to short if price gets to that level. Probably not today since the day is almost over. Maybe a gap up opening on Sunday or some run up on Monday. I just watched Obama's speach on Eygpt. Just typical politics. Eygpt is not a big deal in the markets, it is only a distraction from the PIIGS falling of the radar.....
  • #385,170
  • Feb 11, 2011 2:24pm Feb 11, 2011 2:24pm


Quoting khizer
Guys Closed all short Green Position its a last chance...
Trade what you see, Not what you think.
  • #385,171
  • Feb 11, 2011 2:26pm Feb 11, 2011 2:26pm
Quoting aarontdang
I got 10K in the account ... but i'm wondering if it will down to 0 or
4 Mil in a year ... lol
All statistics point to 0. Let us begin the journey of becoming that rare 5%...
  • #385,172
  • Feb 11, 2011 2:32pm Feb 11, 2011 2:32pm
Quoting Venice
All statistics point to 0. Let us begin the journey of becoming that rare 5%...
I should learned when to quit for the week if
i'm up so much already...shouldn't be greedy.
we'll see what will happen next week.

I blew up couple of accounts
$500 account .....before...

As long as i'm staying away from
London & NY session when overlap..
I should be fine ... I always lose during that times
  • #385,173
  • Feb 11, 2011 2:32pm Feb 11, 2011 2:32pm
Quoting khizer
why you guys here! to waite...?

do you guys expecting big move for these few hours?
i'm still in the trading mode, just because i can make 20 pips more i think. for me 3570 is max this evening. for next week 3620 or maybe even 3650 are nice entries to short. longterm is absolutely short in my view.
  • #385,174
  • Feb 11, 2011 2:38pm Feb 11, 2011 2:38pm
Quoting aarontdang
I have been playing with mini lot like .10 ...
if i win i'll win little ... if it negative i'll let it keep going into
negative for like -50 PIPS ...
IMO, that's not such a good strategy. You should work to develop a strategy which you adhere to the same whether you have a little "mad money," or the whole farm, riding on it.

Ask yourself if you had 10 lots in the market, would you still use a strategy which gives you "win little" vs "-50 pips." ...
  • #385,175
  • Feb 11, 2011 2:41pm Feb 11, 2011 2:41pm
You might be able to grab 20 more pips but the trend line on the 15m chart and the price levels might not allow it. I would not stress myself for 20 pips a hour before the close, but if you are in and at BE+ Go for it!
  • #385,176
  • Feb 11, 2011 2:42pm Feb 11, 2011 2:42pm
Quoting Mr Hatch
thanks for reminding me to double-check. the chart I posted comes from alpari, windsor fx is giving me roughly the same picture that you posted. just based on the 3 weekly candles having their wicks/closes in about the same zone, I'd say, they're absorbing huge (upper wick) selling power, but that's just my amateurish viewpoint. nothing, I'd bet anything on, because I find it quite disturbing.

edit: the only place where I saw this that immediately comes to mind is the feb-march area 2010, where candles were upside down, people were calling for...
These weekly charts are incredibly valuable IMHO. We also saw similar ranging PA in that last lead up to 1.42x.

I'd call at most another week or so of this ranginess, and we are then in for at least a 500 pip move.

I venture to the downside, because of the topside TL rejection. Yes, EURUSD and I love channels and TLs - draw them right, and they are gold IMO.

Not to soapbox, but Jan 19 I placed a 1.387 topside target, and we did 1.3861; same chart template as I last posted, just different portrayal. We're in play so far for 300+ pips. Combined with the USDX movement, and EURUSD's and other pair's crucial zones (and potential reversal areas) they are currently in, I think we're looking for downwards momentum. Reposting the Jan 19 chart for convenience.

Quoting Beljevina
I see 1.37-1.387 as a key ceiling area for many reasons, many of them on the chart. Chart mechanics and previous EURUSD history IMO has the key 1.24 area in the cards for many reasons. (Then 1.12, and eventually parity - but that's a ways off)
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  • #385,177
  • Feb 11, 2011 2:43pm Feb 11, 2011 2:43pm
Quoting mercy seat
Okey-dokey ... have a nice week-end ...


http://www.forexfactory.com/images/attach/png.gif 2011-02-11_20h35_EURUSD _ min003 _ (1100 x 800) bar + TL.PNG (24.9 KB)

And here we are again ... taken out the line ...

All eyes on closing/clôture data ... that is when Chicago closes its doors as well ...



;-|
Once 1.3568 is taken out ... then there is not much room left for the downside unless new input from news ...

But this is not our business today ...



http://www.forexfactory.com/images/attach/png.gif 2011-02-11_21h35_EURUSD _ min180 _ (1100 x 800) candle + pSAR.PNG (27.2 KB)


Week No. 6 ... will see its close in 80 - 90 minutes ...

And this H-3 chart has print new PSAR in fast settings ...

SuperTrend might cap for now ... and TEMA still points up ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-11_21h35_EURUSD _ min180 _ (1100 x 800) candle + pSAR.PNG Size: 27 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #385,178
  • Feb 11, 2011 2:43pm Feb 11, 2011 2:43pm
in what price you bought?

Quoting dtrader9
i'm still in the trading mode, just because i can make 20 pips more i think. for me 3570 is max this evening. for next week 3620 or maybe even 3650 are nice entries to short. longterm is absolutely short in my view.
Trade what you see, Not what you think.
  • #385,179
  • Feb 11, 2011 2:45pm Feb 11, 2011 2:45pm
lol .. have you started climbing trees yet ?

lets see.... three pins on a weekly HOW OBVIOUS IS THAT ?

check 4 hour .... if that bullflag plays out ( break above 1.3650 ) then see you at 1.4. If this is on fact start of larger up move 1.47 ....but ONE step at a time

Magix .. will post a chart of eu later when i get back home on weekly and monthly in regards to vsa .. will make your eyes pop out of head..lol




Quoting pinkiaiii
if thats bullish then im a monkey probably well gonna see 1.30next week,it it closes with them spikes.
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  • #385,180
  • Feb 11, 2011 2:47pm Feb 11, 2011 2:47pm
omg .. this made me pee my pants

Quoting PunjabiSher
Daily Chart Trend

Look for reasons to sell eurusd

Trade Safe, avoid Cloggie and trade safer. [just joking]
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