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  • #405,361
  • Mar 11, 2011 11:46am Mar 11, 2011 11:46am
Quoting Texas.Rich
with that, you need to understand liquidity & what a thin market is ... little bit of choppiness today.

go through here if you haven't done so ...

and get this book to start with ...

http://www.amazon.com/Technical-Anal...9865382&sr=8-1
forgot to add link

http://www.babypips.com/school/
  • #405,362
  • Mar 11, 2011 11:47am Mar 11, 2011 11:47am
Quoting PayTheLimit
only got a couple in myself, before the wife dragged me out of the bar...., damn those wives, nothing but trouble I tell you...
lol ... I hear you mate...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #405,363
  • Mar 11, 2011 11:47am Mar 11, 2011 11:47am
closing in on a important area again...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 20 KB
Look Sharp/Trade Tight
  • #405,364
  • Mar 11, 2011 11:47am Mar 11, 2011 11:47am
Quoting Texas.Rich
with that, you need to understand liquidity & what a thin market is ... little bit of choppiness today.

go through here if you haven't done so ...

and get this book to start with ...

http://www.amazon.com/Technical-Anal...9865382&sr=8-1
Don't really see choppiness. I see levels being broken and continuation. Why the link to babypips mate? While everyone was trying to pick tops I was riding it up.
  • #405,365
  • Mar 11, 2011 11:49am Mar 11, 2011 11:49am
Quoting PayTheLimit
closing in on a important area again...

spot on
  • #405,366
  • Mar 11, 2011 11:49am Mar 11, 2011 11:49am
to the tip on the 100h MA
Attached Image (click to enlarge)
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  • #405,367
  • Mar 11, 2011 11:50am Mar 11, 2011 11:50am
Quoting prezd
Are you sure?

check your chart again.
Since the quake gold went first DOWN 75p and then up 75p

Gold bounced not due of the quake, but due of other factors.. way before the quake it started bouncing.

Anyway, GOLD is only going to go up and its a matter of time when we hit 1500 - 1600 - 1700 - 1800.
The Black Swan: The Impact of the Highly Improbable
  • #405,368
  • Mar 11, 2011 11:50am Mar 11, 2011 11:50am
Quoting Orbital
Im averaging into yen buy positions now
Good luck mate. All yen pair/crosses testing major Supports. Looks very tempting in all of them. I am tracking them but I would wait until todays move settle down as in some cases GJ were quite deep.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #405,369
  • Mar 11, 2011 11:51am Mar 11, 2011 11:51am
Quoting cloggie
spot on
thank you, that chart has served me well this week, hope I can whip another good one up for next week...
Look Sharp/Trade Tight
  • #405,370
  • Mar 11, 2011 11:52am Mar 11, 2011 11:52am
Quoting cloggie
All depends where the quake is and how it affects global trade. Right now the Nikei futures are dropping, Japan sovereign debt is going up, Yen is being repatriated, the US is the most affected, due to carry trade so Yen up, dollar down, just follow the herd.

Right now keep an eye on 85, if that goes 3915 next, if it holds see how far down it goes, find your lower trigger and see if it holds as support, if it does reload, the one to watch below here is 3850.

Always look for if-then-if's (Gator is brilliant at it), there are loads of obvious...
  • #405,371
  • Mar 11, 2011 11:57am Mar 11, 2011 11:57am
Quoting cloggie
Always look for if-then-if's (Gator is brilliant at it), there are loads of obvious levels with no-mans land in between, that space needs to get filled. The higher the TF, the larger the no-mans land, find what suits you and what you like and trade the triggers.
The if-then's are brilliant and what I incorporate into my trading. It dumbs trading down to a very basic level.

Set up your if-then's, apply them to levels, and act accordingly. It's not rocket science by any means, but seems to always be one of the harder concepts to pick up on.
  • #405,372
  • Mar 11, 2011 11:57am Mar 11, 2011 11:57am
Quoting PayTheLimit
thank you, that chart has served me well this week, hope I can whip another good one up for next week...

Having your computer crash on you was the best thing that ever happened to you.
  • #405,373
  • Mar 11, 2011 11:58am Mar 11, 2011 11:58am
short 1.3878 waiting some retracement
lets see
little sl
  • #405,374
  • Mar 11, 2011 11:59am Mar 11, 2011 11:59am
Quoting cloggie
Having your computer crash on you was the best thing that ever happened to you.
lol, its so true...
Look Sharp/Trade Tight
  • #405,375
  • Mar 11, 2011 12:00pm Mar 11, 2011 12:00pm
Quoting Venice
The if-then's are brilliant and what I incorporate into my trading. It dumbs trading down to a very basic level.

Set up your if-then's, apply them to levels, and act accordingly. It's not rocket science by any means, but seems to always be one of the harder concepts to pick up on.

Right now we are at an "if", only a muppet would enter a trade here without a confirmation.

Breaking price and trends down in manageable chunks makes trading loads simpler, it focuses your mind on what is important and what is right in front of you at that time. Doing it right means you can get into trades with minimal drawdown and a very high success ratio.
  • #405,376
  • Mar 11, 2011 12:00pm Mar 11, 2011 12:00pm
Quoting sisse
Yeap the move in the morning closed the the weekly range very early as expected. Nice and clean move up. To be honest I didn't expect such a clean move up late on Friday but as you said there was a little bit of overeaction on the pair on Japan news.

To be completely honest, shorts haven't look that good since a long time. It looks even better than the pullback from 1.4x early this week....

For the bearish case to stay intact, the count could be as following:


At the bottom today we had a failed 5th wave!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 03112011 30min afternoon main count bearish eurusd.jpg Size: 87 KB
  • #405,377
  • Mar 11, 2011 12:01pm Mar 11, 2011 12:01pm
I wanted to say thanks to many of you who I haven't "met" yet, 'cept the wall of course, and for the information that you have on your profile pages. I have found the best info on books, webinars, info services, and much more than on any other forex site. I am super glad I found this site among the hundreds that are out there on forex and trading, and I am looking forward to the opportunity to dialog with you real-time. Have a great weekend everyone!
  • #405,378
  • Mar 11, 2011 12:04pm Mar 11, 2011 12:04pm
Quoting cloggie
Right now we are at an "if", only a muppet would enter a trade here without a confirmation.

Breaking price and trends down in manageable chunks makes trading loads simpler, it focuses your mind on what is important and what is right in front of you at that time. Doing it right means you can get into trades with minimal drawdown and a very high success ratio.
And an even more important piece, when to exit a bad trade. I know I have certainly placed trades where I closed it out, only to watch it go back in my favor. But, my rules said to exit, and if I didn't, beyond that, it's a roll of the dice.

I would much rather take the loss and be right later on, rather then be right on blind chance.

The fun part about my system, is that generally, a bad trade exit signal, is also a signal to take a position in the opposite direction. Not only am I rolling the dice on that one, but my by system's odds, I am betting that it will fail twice in a row.

Those aren't odds I like to play with... considering I just broke my streak of 14 green trades this morning with the situation spoken above, reversed the position and started a new streak lol
  • #405,379
  • Mar 11, 2011 12:06pm Mar 11, 2011 12:06pm
Quoting mercy seat
Good afternoon!

Erklärt sich wohl von selbst ...



;-|

Quoting mercy seat
Guten Morgen!



;-|

Nein ... hehe ... ohne das Erdbeben wär das jetzt gar nicht passiert ...

Natürlich ... was für ein Stuss!

Of course ... we had our calculations ... as it has been worked out since last rollover ...

Therefore ... we are not soooo surprised by that move ...

Im Gegenteil ... we are not waiting and hoping for a miracle ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-03-11_18h59_ EURUSD _ min015 _ (500) candle + PP + TL.PNG Size: 22 KB
Click to Enlarge Name: 2011-03-11_18h59_ EURUSD _ min030 _ (200) candle + PP + TL.PNG Size: 23 KB
Click to Enlarge Name: 2011-03-11_19h00_ EURUSD _ min060 _ (100) candle + PP + TL.PNG Size: 22 KB
Click to Enlarge Name: 2011-03-11_19h00_ EURUSD _ min120 _ (050) candle + PP + TL.PNG Size: 20 KB
Click to Enlarge Name: 2011-03-11_15h50 - ZigZag A-B-C - LEVELS _ EURUSD _ Update _ W-10.PNG Size: 120 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #405,380
  • Mar 11, 2011 12:08pm Mar 11, 2011 12:08pm
Quoting infinitus
For the bearish case to stay intact, the count could be as following:


At the bottom today we had a failed 5th wave!!!
But maybe the yellow 5 is to be placed where the yellow 3 is located. That seems possible too. Than we would have build a nice abc flat correction. This wave C upward impuls should then end now. But I do not like that count.
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