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EURUSD

  • #398,841
  • Mar 2, 2011 1:43am Mar 2, 2011 1:43am
Range trading with EU, almost same as yesterday.

I personally made a trade on CABLE.

A good setup was boosted by the news.

long @ 6252 Targets: 6275 6300 s/l 6214

Now As long as 6250 holds on hourly ( just watch hourly close, 5m setups are false) the signal is valid.

Maybe a small problem is a possible volume fade as market could possibly w8 for ADP.
  • #398,842
  • Mar 2, 2011 1:44am Mar 2, 2011 1:44am
Quoting AlexC
Pivots and lines are based on price.
You have to interpret them.
since tokyo i am reading posts about shorting euro, nobody even bothered to check the general market sentiment.

i had posted before europe open that eu will go down to week open and take a bounce based on volumes.

even when it was taking dat bounce, people were more interested in shorting than seeing what the trend is doing.
  • #398,843
  • Mar 2, 2011 1:46am Mar 2, 2011 1:46am
Quoting PhAnTi'
pivots are illusions in my opinion....
crap
agree...if you don't know how to use it....
  • #398,844
  • Mar 2, 2011 1:46am Mar 2, 2011 1:46am
Quoting PunjabiSher
since tokyo i am reading posts about shorting euro, nobody even bothered to check the general market sentiment.
You know what the problem is:

The general problem is that traders are mostly taking a sentiment bias on smaller timeframes.

The only valid TREND for intraday trading is WEEKLY. If weekly is supported by hourly charts we have a high probability setup.

Now remember this.
  • #398,845
  • Mar 2, 2011 1:47am Mar 2, 2011 1:47am
Quoting darimik
entered. maybe I will even make it alive.

btw I have pp at 3797. I do make a note of them.

Attachment
Verily, in every difficulties there is relief
  • #398,846
  • Mar 2, 2011 1:49am Mar 2, 2011 1:49am
Quoting johnnyrei
yeah yeah -- waiting if it breaks or not
broken
  • #398,847
  • Mar 2, 2011 1:49am Mar 2, 2011 1:49am
Quoting PhAnTi'
ich sehe da auf den kleinen frames keine markanten Reaktionen...
Don't look at it with a magnifying lens ... nicht immer alles unter die Lupe nehmen ...

Trading has nothing to do with microscopes ...

Take some distance ... have a look at it from a certain distance ... then you will see more clear ...



ZigZag A-B-C Bandwidth (current situation in case of 1.3742 will hold for now today)

1.3881 1.3812
1.3867 1.3799
1.3854 1.3786
1.3841 1.3769
1.3828 1.3756
1.3812 1.3743 <= PhAnTi' ... das ist gegenüber ... he he ^^
1.3799 1.3730
1.3786 1.3717


ZigZag A-B-C Bandwidth (current situation in case of 1.3856 and 1.3871 will be crossed soon or today)

1.3901 1.3823
1.3886 1.3808
1.3871 1.3793
1.3856 1.3775
1.3841 1.3760
1.3823 1.3745
1.3808 1.3730
1.3793 1.3716


;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-05-02_10h45_ EURUSD _ min030 _ (150) candle + PP + TL.PNG Size: 27 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #398,848
  • Mar 2, 2011 1:51am Mar 2, 2011 1:51am
Look Sharp/Trade Tight
  • #398,849
  • Mar 2, 2011 1:51am Mar 2, 2011 1:51am
Quoting PunjabiSher
trading volumes of the past 10 days tell me i can go long till 3812 ; so i took the new long at day high

http://i.imgur.com/1tMUN.gif
THE PREVIOUS THREE DAILY CANDLES ARE A CLEAR INDI THAT THIS LADY IS SOUTH BOUND. I'M SHORT @1.3786

just the view of a novice newbie.
C.O.B.R.A FX - MENACE TO MY BROKER!!
  • #398,850
  • Mar 2, 2011 1:51am Mar 2, 2011 1:51am
Quoting A-lonetrader
agree...if you don't know how to use it....
Exactly......any tool ,may seem to be "crap" in the hands of those who know not how to use them. It does not make the tool "crap" though.....only the ignorant user.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #398,851
  • Mar 2, 2011 1:51am Mar 2, 2011 1:51am
Quoting mercy seat
Na denn ...



We have hit 1.37965 in the time between ...



;-|
komme nicht auf 3796 ?! egal wie ichs drehe : P

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.gif Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.gif Size: 33 KB


ok,over n out.
need to do some FIbonacci research now.


laters.
Hero calls followed by margin calls...
  • #398,852
  • Mar 2, 2011 1:52am Mar 2, 2011 1:52am
791 anyone
Verily, in every difficulties there is relief
  • #398,853
  • Mar 2, 2011 1:54am Mar 2, 2011 1:54am
Quoting primzvicious
only 1/3 left out of that
  • #398,854
  • Mar 2, 2011 1:55am Mar 2, 2011 1:55am
Quoting mercy seat
Don't look at it with a visullette lens ... nicht immer alles unter die Lupe nehmen ...

Trading has nothing to do with microscope ...

Take some distance ... have a look at it from a certain distance ... then you will see more clear ...



ZigZag A-B-C Bandwidth (current situation in case of 1.3742 will hold for now today)

1.3881 1.3812
1.3867 1.3799
1.3854 1.3786
1.3841 1.3769
1.3828 1.3756
1.3812 1.3743 [color=black]<= PhAnTi' ... das ist gegenüber...
Okay,aber wieso schaust du nicht auf 3799 das gleich darunter ist in deiner Tabelle? das ist doch das nächste Hoch? und ich werde ja wohl kaum 3812 shorten um auf 3743 abzuzielen?!?!.Das könnte man nur Profitabel gestalten wenn man die lotsizes dementsprechend anpassen würde,dann hätte man aber irgendwann etliche Positionen am laufen, bis sich eine Blase bildet?
Hero calls followed by margin calls...
  • #398,855
  • Mar 2, 2011 1:56am Mar 2, 2011 1:56am
Quoting PayTheLimit
let me know when you see it...
yes sure
I do not see anything right now, i just can't trade that V move so i will wait
COT: The precious data ignored
  • #398,856
  • Mar 2, 2011 1:56am Mar 2, 2011 1:56am
Quoting primzvicious
damn this PA keep bouncing on unknown area....
I am just learning but I always have Pivots on any chart or system I am trying out. Particularly important for scalping.

Today's PA opened then hit a resistance which was a support area from yesterday and reversed to yesterdays low, Morning star formed then after hesitating around MS1 went back to todays open, reversed again to MS1 and eventually dropping to S1.

I woke up to the horrible 8 pip range during Asian session (yuk) but felt as S1 was not broken and had a sharp move down to it that it quite likely would go back up up. Missed the lovely evening star short at MS1 unfortunately but scalped some longs to todays open.

Price hovered at previous resistance and then went on to today's pivot and reversed for a quick 10 pips. Will probably hover around pivot for a while.

No idea mid or long term and I don't do fundamentals.

Have included 2 different pivot indicators as one does previous days and the other has other options like OHL, sweet spots etc. and chart of today's action.

Have learnt alot from this thread in just a few days thank you guys for all your input and suggestions.
Attached Image (click to enlarge)
Click to Enlarge Name: reversals on pivot points 2.jpg Size: 99 KB
Attached File(s)
File Type: ex4 ##SDX-TzPivots.ex4   21 KB | 268 downloads
File Type: mq4 ##SDX-TzPivots.mq4   23 KB | 281 downloads
File Type: ex4 Auto-Pivot Plotter V1-41.ex4   5 KB | 235 downloads
File Type: mq4 Auto-Pivot Plotter V1-41.mq4   14 KB | 281 downloads
  • #398,857
  • Mar 2, 2011 1:57am Mar 2, 2011 1:57am
Quoting realjumper
Exactly......any tool ,may seem to be "crap" in the hands of those who know not how to use them. It does not make the tool "crap" though.....only the ignorant user.
well said...
Look Sharp/Trade Tight
  • #398,858
  • Mar 2, 2011 2:00am Mar 2, 2011 2:00am
Quoting PhAnTi'
Okay,aber wieso schaust du nicht auf 3799 das gleich darunter ist in deiner Tabelle? das ist doch das nächste Hoch? und ich werde ja wohl kaum 3812 shorten um auf 3743 abzuzielen.Das könnte man nur Profitabel gestalten wenn man die lotsizes dementsprechend anpassen würde,dann hätte man aber irgendwann etliche Positionen am laufen, bis sich eine Blase bildet?
Ich werde es jetzt erst mal überhaupt gar nicht shorten ...

I thought I have mentioned that already ...

I do not like to settle in NEUKÖLLN ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #398,859
  • Mar 2, 2011 2:00am Mar 2, 2011 2:00am
Quoting julie1585
I am just learning but I always have Pivots on any chart or system I am trying out. Particularly important for scalping.

Today's PA opened then hit a resistance which was a support area from yesterday and reversed to yesterdays low, Morning star formed then after hesitating around MS1 went back to todays open, reversed again to MS1 and eventually dropping to S1.

I woke up to the horrible 8 pip range during Asian session (yuk) but felt as S1 was not broken and had a sharp move down to it that it quite likely would go back up up. Missed the...
nice indies u have there...
keep posting
Verily, in every difficulties there is relief
  • #398,860
  • Mar 2, 2011 2:01am Mar 2, 2011 2:01am
Quoting PayTheLimit
could put 3806/11 on the table,.
still expecting a test of this area...
Attached Image
Look Sharp/Trade Tight
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