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  • #396,761
  • Feb 26, 2011 11:04am Feb 26, 2011 11:04am
comments welcomed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: position trade daily.GIF Size: 121 KB
Click to Enlarge Name: position trade 4hr.GIF Size: 122 KB
Click to Enlarge Name: Position trade 1hr.GIF Size: 113 KB
  • #396,762
  • Feb 26, 2011 12:05pm Feb 26, 2011 12:05pm
Quoting Jackthepiper
comments welcomed
I like your charts, I use ichimoku kinko hyo as well. One thing you need to be careful with is your 4H, you still have a nice increasing cloud out front, while 1H is on the verge, definitely watch closely to see if it rejects the down turn...
  • #396,763
  • Feb 26, 2011 12:07pm Feb 26, 2011 12:07pm
Quoting acetrader
hutrader,

Is your Fib indicator posted @ post #396772 avaliable to share. I like its layout on the chart. If not thanks anyway.

____________________

go here u will find some


http://www.forexfactory.com/showthre...=1#post4431692
  • #396,764
  • Feb 26, 2011 12:09pm Feb 26, 2011 12:09pm
Gents - can you recommend some good education?

Both free and for charge is fine. I am trying to find an appropriate strategy for my circumstances.

I have a full time day job, and can access my home PC with my blackberry. The process is slow, so it is not appropriate for scalping. I tend to spend personal time while at home during Asia hours and LO overlap. By the time NY opens, I am at work and rarely have the time to get insight into what is happening.

Ultimately, I can see myself trading full time at some point in the future, but will not take that leap of faith until I am fully "educated".

All thoughts welcome.. I have already learned a load reading through your thoughts and actions. A collective thank you for your general willingness to share.

this is a great site!!

cheers, a good weekend to you all.

Mario
  • #396,765
  • Feb 26, 2011 12:27pm Feb 26, 2011 12:27pm
Quoting Marioa01
Gents - can you recommend some good education?

Both free and for charge is fine. I am trying to find an appropriate strategy for my circumstances.

I have a full time day job, and can access my home PC with my blackberry. The process is slow, so it is not appropriate for scalping. I tend to spend personal time while at home during Asia hours and LO overlap. By the time NY opens, I am at work and rarely have the time to get insight into what is happening.

Ultimately, I can see myself trading full time at some point in the future, but will not...

go here read and read and read u will be happy
http://www.forexfactory.com/showthread.php?t=208103
  • #396,766
  • Feb 26, 2011 12:52pm Feb 26, 2011 12:52pm
Quoting kuroro001
Maybe you are the one who'll give me a lesson of PA, but let me give me a lesson first.

Let's start with the monthly, it will be fast...
Monthly ain't over...it doesn't mean anything. Its like saying the 1h candle is hammer when its halfway from being closed....it has no credits

Now the weekly....a hammer ? hmm nope.
We either have a different chart, or a different definition of a hammer.
What i see is a bouncing candle closing off its high cause of strong supply up there.

And finally the daily...the masterpiece.
In my eyes and in my books,...
Nice lesson
  • #396,767
  • Feb 26, 2011 12:57pm Feb 26, 2011 12:57pm
The MTF view of current...

It's like this, we are sitting between M15 resistance and M30 support. Price is above Montly roll over which shows as the previous resistance, now showing as the Hourly support.

So...This upward here channel seems to say, if we bust above 15m Resistance, we leak back into the upper chan, where as if we drop the M30 support, we look to challenge the Montly roll over support.

The End...

Chart 1, M15 Resistance
Chart 2, M30 Support
Chart 3, Monthly roll over/Hourly support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M15.jpg Size: 129 KB
Click to Enlarge Name: M30.jpg Size: 133 KB
Click to Enlarge Name: hourly.jpg Size: 137 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #396,768
  • Feb 26, 2011 1:09pm Feb 26, 2011 1:09pm
Quoting Marioa01
Gents - can you recommend some good education?

Both free and for charge is fine. I am trying to find an appropriate strategy for my circumstances.

I have a full time day job, and can access my home PC with my blackberry. The process is slow, so it is not appropriate for scalping. I tend to spend personal time while at home during Asia hours and LO overlap. By the time NY opens, I am at work and rarely have the time to get insight into what is happening.

Ultimately, I can see myself trading full time at some point in the future, but will...

Good luck

Your not likely to find a method to soot your trading circumstances here. Now if your willing to play with longer time frames and have the patients, Peter's thread is your best bet.
  • #396,769
  • Feb 26, 2011 1:12pm Feb 26, 2011 1:12pm
I like big picture... Always seems to frame things given my thought process.

  • #396,770
  • Feb 26, 2011 1:13pm Feb 26, 2011 1:13pm
Quoting knuckledrag
Good luck

Your not likely to find a method to soot your trading circumstances here. Now if your willing to play with longer time frames and have the patients, Peter's thread is your best bet.
Thanks... I hadn't come across that one.. Now have plenty to read this weekend.

good company with my last Sammy Smith.
cheers
  • #396,771
  • Feb 26, 2011 1:22pm Feb 26, 2011 1:22pm
Quoting Marioa01
Gents - can you recommend some good education?

Both free and for charge is fine. I am trying to find an appropriate strategy for my circumstances.

I have a full time day job, and can access my home PC with my blackberry. The process is slow, so it is not appropriate for scalping. I tend to spend personal time while at home during Asia hours and LO overlap. By the time NY opens, I am at work and rarely have the time to get insight into what is happening.

Ultimately, I can see myself trading full time at some point in the future, but will...
This is quick to learn and would be perfect for your situation.
http://www.forexfactory.com/showthread.php?t=279970
  • #396,772
  • Edited 1:42pm Feb 26, 2011 1:23pm | Edited 1:42pm
Quoting Marioa01
Gents - can you recommend some good education?

Both free and for charge is fine. I am trying to find an appropriate strategy for my circumstances.

I have a full time day job, and can access my home PC with my blackberry. The process is slow, so it is not appropriate for scalping. I tend to spend personal time while at home during Asia hours and LO overlap. By the time NY opens, I am at work and rarely have the time to get insight into what is happening.

Ultimately, I can see myself trading full time at some point in the future, but will...
Limit your trading time to during London only. Forget ny.
If London doesn't give you any setup then skip a day. Just my 2c.
  • #396,773
  • Feb 26, 2011 1:26pm Feb 26, 2011 1:26pm
Quoting Magix
The MTF view of current...

It's like this, we are sitting between M15 resistance and M30 support. Price is above Montly roll over which shows as the previous resistance, now showing as the Hourly support.

So...This upward here channel seems to say, if we bust above 15m Resistance, we leak back into the upper chan, where as if we drop the M30 support, we look to challenge the Montly roll over support.

The End...

Chart 1, M15 Resistance
Chart 2, M30 Support
Chart 3, Monthly roll over/Hourly support.
Nice as always M

The monthly roll over and hourly are key support. If that breaks, it could pave the way for some serious downside, although all my charts, h1 and above, still have short-term bullish plastered all over them. Saying that, EU is struggling to get back to 1.40 at the moment.

Maybe some more European feet will hit the shan soon although with the current unrest, people seem to be avoiding dollars and favouring Frank and Yennie for their safe havens. The dollar seems to have lost its international shine

I took my EU shorts off the table on Friday after seeing the bounce. Not far away enough from entry to keep them open over the weekend.

The next few weeks are going to be very interesting for this pair.
  • #396,774
  • Feb 26, 2011 1:35pm Feb 26, 2011 1:35pm
Quoting Magix
The MTF view of current...

It's like this, we are sitting between M15 resistance and M30 support. Price is above Montly roll over which shows as the previous resistance, now showing as the Hourly support.

So...This upward here channel seems to say, if we bust above 15m Resistance, we leak back into the upper chan, where as if we drop the M30 support, we look to challenge the Montly roll over support.

The End...

Chart 1, M15 Resistance
Chart 2, M30 Support
Chart 3, Monthly roll over/Hourly support.
No end of help with your posts, plz.... keep them cuming .
All systems of divination, like music itself,work through patterns.
  • #396,775
  • Feb 26, 2011 1:45pm Feb 26, 2011 1:45pm
Quoting pkimnyc
Limit your trading time to during London only. Forget ny.
If London doesn't give you any setup then skip a day. Just my 2c.
Based on my track record over the past month... this may be the best advice yet.

Learning the hard way to question entries. Am now finding myself making paper trades to see how they pan out. I should have spent much more time on a practice account.

I believe patience is the greatest skill a trader can learn.. the opportunities will always come.

Thanks to everyone for their quick suggestions.

Mario
  • #396,776
  • Feb 26, 2011 1:46pm Feb 26, 2011 1:46pm
Quoting Magix
The MTF view of current...

It's like this, we are sitting between M15 resistance and M30 support. Price is above Montly roll over which shows as the previous resistance, now showing as the Hourly support.

So...This upward here channel seems to say, if we bust above 15m Resistance, we leak back into the upper chan, where as if we drop the M30 support, we look to challenge the Montly roll over support.

The End...

Chart 1, M15 Resistance
Chart 2, M30 Support
Chart 3, Monthly roll over/Hourly support.

hey wise man

what happen if u take that dam 200 of the chart
  • #396,777
  • Feb 26, 2011 1:49pm Feb 26, 2011 1:49pm
Quoting bbakker
The dollar seems to have lost its international shine

The next few weeks are going to be very interesting for this pair.
The strength of the Weekly LTL on USDX cannot be ignored as a possible continued line of support, and in comparison, neither can the UTL on EU...

The most correlated to USDX as of current is the Euro, easily seen if you throw a 200EMA on to both USDX chart and EU chart...the bounce is as clear as day. Support for EU showing exactly as resistance for USDX.

Prices at current, EU seems to be tapping on a daily top as USDX does, I believe we could in days following see USDX losing continued support, dropping to its LTL, while EU continues on strength and shoots up to its UTL...

Chart 1, USDX M30, comparison chart...200EMA yellow line.
Chart 2, USDX daily.
Chart 3, EU daily.

The previous charts were more of a beginning of the week play range idea, moving on from there...cripes, who the heck knows???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdx30.jpg Size: 120 KB
Click to Enlarge Name: dxd.jpg Size: 124 KB
Click to Enlarge Name: eud.jpg Size: 134 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #396,778
  • Feb 26, 2011 1:51pm Feb 26, 2011 1:51pm
Quoting bbakker
Nice as always M

The monthly roll over and hourly are key support. If that breaks, it could pave the way for some serious downside, although all my charts, h1 and above, still have short-term bullish plastered all over them. Saying that, EU is struggling to get back to 1.40 at the moment.

Maybe some more European feet will hit the shan soon although with the current unrest, people seem to be avoiding dollars and favouring Frank and Yennie for their safe havens. The dollar seems to have lost its international shine



I...
BB whats up

keep an eye on the middle east news a lot of changes it will affect the whole market , its v. risky either way dixy will be the king
  • #396,779
  • Feb 26, 2011 1:54pm Feb 26, 2011 1:54pm
Quoting kill56
hey wise man

what happen if u take that dam 200 of the chart
Which one?
lol...

I have come to believe that if I removed the 200EMA from my charting, it could conceivably create a financial vortex. Mountains would topple, Seas would boil, Dogs would befriend Cats in a way that only man and woman should come together...Basically the end of things as the Mayans are looking for next year...

I figure it like this, I best keep them on the chart, at least until after 12/12/12...from there, we will see...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #396,780
  • Feb 26, 2011 1:57pm Feb 26, 2011 1:57pm
Quoting bbakker
Nice as always M

Maybe some more European feet will hit the shan soon although with the current unrest, people seem to be avoiding dollars and favouring Frank and Yennie for their safe havens. The dollar seems to have lost its international shine
.....

The next few weeks are going to be very interesting for this pair.
These are very interesting times for the USD. In my opinion, we will see another currency emerge as the defacto, unquestioned international reserve. The USD and EUR have way too much baggage. The volatility in the pair should continue to bring many, many opportunities for those that can make sense of it.

We, however, are at a historical paradigm shift in global economies and the respective currencies that are viewed as havens. Recently read an article about how Brazil has been hedging against the strength of the Real.

I found it really interesting that the government basically runs hedging programs executed through the country's banks. They are active players in going short/long against individual currencies.

Anyhow... too long of a discussion / debate to have on a chat forum.
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