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  • #391,021
  • Feb 20, 2011 10:32am Feb 20, 2011 10:32am
Quoting infinitus
Hi Gator,

very good analysis. Thank you for providing it.

My take on the 3733 out of MM analysis on hourly:

If we breach 3733 by at least 2 baby octaves (3741), chances are very high that it will go to around max 3795.

If we do not penetrate 3741 chances are extreme high that we will see 355x in short time.


Best to you and as always a lot of green pips,


Markus
hey if i dont have a setup before 3733. 3749.5 is 76.4% retrace of monthly body.. 3115 and 3680 are respected in the sequence.
those who can, do. those who cant, talk about those who can
  • #391,022
  • Feb 20, 2011 10:40am Feb 20, 2011 10:40am
thanks pv... if we were more blind. we would make would more pips.
those who can, do. those who cant, talk about those who can
  • #391,023
  • Feb 20, 2011 10:41am Feb 20, 2011 10:41am
Good analysis on the 4hr. I have the same view, been long since Friday. Few more hours for the market to open, let us wait and see.
  • #391,024
  • Feb 20, 2011 10:42am Feb 20, 2011 10:42am
Quoting infinitus
Hi Freelancer,

sorry, can not understand your count:

shows an 5 wave impulse down, than wave x up and y down.

So I would think that you state, that the 5 down is the w wave.

But then: WXY moves are everytime and only combination of zigzags. w can not be an impulse
On this chart I was not trying to show a wave count - rather a reoccuring pattern /see the blue lines at the temporary bottom of 1.28xx and the pattern now which very much resembles it/ Sorry for the confusion
  • #391,025
  • Feb 20, 2011 10:44am Feb 20, 2011 10:44am
Quoting knucklehead
Here is my view of the 4hr.
Good , small upside movements like 3727,3737 & 41 all important levels to back for the pullback towards tl broken 3623,3596 to 3546 any or all before bext bullish movements again , at least towards 3741 as even fail to at top or continue up for the timebeing .

As price topped near the near level now bull still seems intact in smallest tf if it were continue without close & so immediate resistance in M5 tf 3707 may consider the stop & down may have started, not know the live quotes or if any gap will happen .anyway retrace at tops waiting whatever small .


Nothing may preserve with market open but some parts may be seen.

wish good trading to you & all .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #391,026
  • Feb 20, 2011 10:50am Feb 20, 2011 10:50am
Quoting fontu
Good , small upside movements like 3727,3737 & 41 all important levels to back for the pullback towards tl broken 3623,3596 to 3546 any or all before bext bullish movements again , at least towards 3741 as even fail to at top or continue up for the timebeing .


Nothing may preserve with market open but some parts may be seen.

wish good trading to you & all .
fontu
anyway whats your trading style fontu? swing? scalp? etc....

just for info

ph.
Hero calls followed by margin calls...
  • #391,027
  • Feb 20, 2011 10:59am Feb 20, 2011 10:59am
Quoting fontu
Good , small upside movements like 3727,3737 & 41 all important levels to back for the pullback towards tl broken 3623,3596 to 3546 any or all before bext bullish movements again , at least towards 3741 as even fail to at top or continue up for the timebeing .

As price topped near the near level now bull still seems intact in smallest tf if it were continue without close & so immediate resistance in M5 tf 3707 may consider the stop & down may have started, not know the live quotes or if any gap will happen .anyway retrace at tops waiting whatever...

Hi Fontu,

thanks for your analysis.

Hope you have a nice weekend :-)


Best to you,

Markus
  • #391,028
  • Edited 11:16am Feb 20, 2011 11:00am | Edited 11:16am
Quoting Atlast
I don't know where you got that all from, but very good.
You know 99% of traders here don't use volume. They don't want to understand the market, they want to understand how the market will move next,2 different tings. Volume information in forex is there if you look for it, tick volume is an excellent proxy, and so is COT data for futures contracts a good proxy of the balance.
happy trading.
a happy trader is a trader who does not fight the market but presses and defends his position or not...
With all respect,
I've never used Volume, I don't even know what COT means.
Yet I'm profitable 4 out of every 5 weeks. 11 losing weeks since Jan first 2010 and 49 winning weeks.
You say 99% of traders don't use volume, according to Oanda on their official website an average of 46% of trader accounts is profitable.

SO HOW IMPORTANT IS VOLUME OR COT DATA?
In my opinion most traders go way too far in trying to find the holy grail.
I trade with no knowledge of all the complicated technical stuff.
I have no clue about Elliott waves, no clue about Volume or COT, I use simple things like double tops, bottoms, trend lines and I look for Resistance and Support.
I use GANN Hi-Lo, Momentum and Stoch or RSi, and FIBS
For the rest I use common sense
That combination seems to be enough to trade profitable so why bother with all the complicated stuff.

I'm up 31.38% since the start of this year. How many of you can say that?

I don't fight the market but I follow the market..
Do I want to understand the market, NO, that's impossible.
Do I profit from the market? YES
Lol maybe that's the reason that I only have 2 V's after being a member for more than 4.5 years.
I think too simple, but as long as I make money with it, who cares!!!!!

Really trading is simple if you start with using common sense.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #391,029
  • Feb 20, 2011 11:04am Feb 20, 2011 11:04am
Quoting PhAnTi'
anyway whats your trading style fontu? swing? scalp? etc....

just for info

ph.
Any or all . mixed , now at this risky areas mostly scalping in mind & safety but can't do that actually due becoming a slow coach & lack of timely action , swing may fit best .Doing something better than nothng till more assure.
tried long term many times but failed as access to computer all days but at times when got trouble internet connection & had to wait few days before they fixed it again got work only.otherwise no patience keeping trades more than few days .
Thanks , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #391,030
  • Feb 20, 2011 11:07am Feb 20, 2011 11:07am
Quoting KillerWhale
With all respect,
I've never used Volume, I don't even know what COT means.
Yet I'm profitable 4 out of every 5 weeks. 11 losing weeks since Jan first 2010 and 49 winning weeks.
You say 99% of traders don't use volume, according to Oanda on their official website an average of 46% of trader accounts is profitable.

SO HOW IMPORTANT IS VOLUME OR COT DATA?

In my opinion most traders go way too far in trying to find the holy grail.
I trade with no knowledge of all the complicated technical things.
I have no clue about Elliott waves, no clue...
So Short or Long?
  • #391,031
  • Feb 20, 2011 11:14am Feb 20, 2011 11:14am
Hope everyone is enjoying their weekend....
Look Sharp/Trade Tight
  • #391,032
  • Feb 20, 2011 11:17am Feb 20, 2011 11:17am
Does anybody have any idea of how over the past week, the EUR/USD has rallied off inflationary pressures and "improving risk appetitie"...yet the USD/CHF has been plunging off "risk aversion"... it is getting very difficult to understand which force is dominating the market when risk aversion and risk-on are being expressed at the exact same time.
Twitter: @TrendersGame
  • #391,033
  • Feb 20, 2011 11:17am Feb 20, 2011 11:17am
Quoting PayTheLimit
Hope everyone is enjoying their weekend....
more or less : p waiting for the gap ^^
Hero calls followed by margin calls...
  • #391,034
  • Feb 20, 2011 11:21am Feb 20, 2011 11:21am
Quoting KillerWhale
With all respect,
I've never used Volume, I don't even know what COT means.
Yet I'm profitable 4 out of every 5 weeks. 11 losing weeks since Jan first 2010 and 49 winning weeks.
You say 99% of traders don't use volume, according to Oanda on their official website an average of 46% of trader accounts is profitable.

SO HOW IMPORTANT IS VOLUME OR COT DATA?
In my opinion most traders go way too far in trying to find the holy grail.
I trade with no knowledge of all the complicated technical stuff.
I have no clue about Elliott...

Hey Brother, glad to see you survived yo night. My answer to understanding the markets is psycological. If you see consolidation areas in any times frames, that is a warning. No matter if you have a 500.00 account or a 5,000,000.00 account, you have the same worries and we are all people. This is one reason I think EA's don't always work, even though the ideas behind them are good. People claim that EA's take the emotion out of trading, it does take yours out, but now it trades off other peoples emotion, which isn't always good. A lot of the market is paranoia, once you realize though areas(consolidation), you can do very well. Damn I need a beer.
  • #391,035
  • Feb 20, 2011 11:22am Feb 20, 2011 11:22am
Quoting PhAnTi'
more or less : p waiting for the gap ^^
indeed, lol...whats the early call right now...
Look Sharp/Trade Tight
  • #391,036
  • Feb 20, 2011 11:23am Feb 20, 2011 11:23am
Quoting fontu
Good , small upside movements like 3727,3737 & 41 all important levels to back for the pullback towards tl broken 3623,3596 to 3546 any or all before bext bullish movements again , at least towards 3741 as even fail to at top or continue up for the timebeing .

As price topped near the near level now bull still seems intact in smallest tf if it were continue without close & so immediate resistance in M5 tf 3707 may consider the stop & down may have started, not know the live quotes or if any gap will happen .anyway retrace at tops waiting whatever...

Good to hear from you Fontu. Haven't heard from you in a while. Hope all is well with you.
  • #391,037
  • Feb 20, 2011 11:27am Feb 20, 2011 11:27am
Quoting knucklehead
Hey Brother,...
I need a beer too, although it's Sunday morning here.
Sometimes it's better to trade with a little stimulus in your blood.

Where are we going today? Don't know, I have to see where it opens.

My bias ....................... LONG

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #391,038
  • Feb 20, 2011 11:28am Feb 20, 2011 11:28am
Quoting knucklehead
Good to hear from you Fontu. Haven't heard from you in a while. Hope all is well with you.
Thanks , just seeing the cot report & analysis .

All but USD they heavily bet for long but the main factor for every movement was usd weakness this not not any bad situation , overall positive . old data may not reflect more though but if usd back or just hold all to rethink before rally up this week, can spikes up with high volume & reverse !!

http://www.forexrazor.com/Analysis/Quick-View.aspx

http://www.cftc.gov/dea/futures/deacmesf.htm

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #391,039
  • Feb 20, 2011 11:29am Feb 20, 2011 11:29am
Quoting KillerWhale
I need a beer too, although it's Sunday morning here.
Sometimes it's better to trade with a little stimulus in your blood.

Where are we going today? Don't know, I have to see where it opens.

My bias ....................... long

Shamu

It better, I am still long on one trade. It should have a little more retracement, then go up.

Yea, its 11:30 here, goin to a car show in a few.
  • #391,040
  • Feb 20, 2011 11:36am Feb 20, 2011 11:36am
Quoting knucklehead
It better, I am still long on one trade. It should have a little more retracement, then go up.



Yea, its 11:30 here, goin to a car show in a few.
Car show? I'm jealous, that usually goes with beautiful girls.

Lol On the other hand, against my own bias, I will still open a small long in USD/CAD. the fact is that I took out big profit Friday, but it hasn't reached my target yet......0.99
New voice message: Why are you calling me? If I need you, I'll call you!
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