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  • #413,801
  • Mar 25, 2011 5:59pm Mar 25, 2011 5:59pm
Quoting forexcompoun
Maybe because I TRUST my lines. You might not get a chance to enter at that price again.
Time would tell. Thanks all the same for the heads up.
Happy weekend!
Meshach.
trust is nice... but it won't do shit when Spain... who doesn't need a bailout... gets bailed out.
  • #413,802
  • Mar 25, 2011 6:12pm Mar 25, 2011 6:12pm
Quoting Piters
GL mate, im not touching BOJ pairs.. not now.. you are brave
Thanks mate...Made only 21 pips with that. I was aiming for 120.
  • #413,803
  • Mar 25, 2011 6:21pm Mar 25, 2011 6:21pm
Quoting T@rantula
Thanks mate...Made only 21 pips with that. I was aiming for 120.
Still better than Bill Dance mate
Inserted Video


enjoy the week-end, I will
  • #413,804
  • Mar 25, 2011 7:06pm Mar 25, 2011 7:06pm
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Quoting Larseg
Still better than Bill Dance mate
http://www.youtube.com/watch?v=T1lBo...layer_embedded

enjoy the week-end, I will

Hey Lardeg,
Watched this and had me rolling over in laughter. Thanks for sharing.
Always remember "Logic" has NO place in the Forex markets
  • #413,805
  • Mar 25, 2011 9:28pm Mar 25, 2011 9:28pm
Quoting gatorinla
close to 86.. time to start looking. lower mf 82.8 upper 89.4
from 86 till 4113 is the place..
s 4089.4
those who can, do. those who cant, talk about those who can
  • #413,806
  • Mar 25, 2011 9:50pm Mar 25, 2011 9:50pm
Quoting gatorinla
had i been long at Fridays close. id have 35 pips right now.
i lost 15 with my sl.. i made 3 runs.. one for 35 half pips, another for 41 half pips.. and one for 1/4 25 pips.
so im up about 10 pips for the day. 25 less atm then if i held my long. but with much better r/r
now if i was still in this long trade i would be down about 100 pips.
but with the begrudged path im up about 300.. oh well.. a 400 pip difference. i must have missed something.
those who can, do. those who cant, talk about those who can
  • #413,807
  • Mar 25, 2011 9:54pm Mar 25, 2011 9:54pm
Quoting gatorinla
many are so sure. it makes me wonder.. no bounce?.. personally ill miss a long at this level....
i still wonder
those who can, do. those who cant, talk about those who can
  • #413,808
  • Mar 25, 2011 9:55pm Mar 25, 2011 9:55pm
Quoting gatorinla
#401026 bottom chart.. close to yellow line. i don't claim to know what will happen. but there are solid reasons to have a lower bounce (possibly reversal).. 4195.1 and others just above 422x area. actually one of the oldest eu fibs are here. in a 8 thousand pip range the run to 4282 was just 1/10 of 1 % overshot of this fib. just a wick.. on the monthly for the next breakout month has to close above 3980..
still valid
those who can, do. those who cant, talk about those who can
  • #413,809
  • Mar 25, 2011 10:26pm Mar 25, 2011 10:26pm
Quoting gatorinla
+ 49 more = 4191... just under chicky's 42xx # and cloggy's 419x #
add 49 more and your 8 pips from the high... take this high (4248) and Friday's low difference (193) subtract it from the low,and that's a bear target area (3862) the same target area posted long before we knew what Friday's low would be.
on the bull side if 3980 is not closed below (month)add 193 to 4248 and you get 4441... 4441 is a strong # from the past. if you add it again its 4634... 4634 is a mapa #... if this is a rejection we should c 35xx easily.
at the time the eu went (last year) up it was in a tech bounce from the 2008 chart level and a usx tl within 7 pips. then stress test bs was announced.. so we could easily resume 1876 + .. these are big levels.. on tf bigger then a monthly.. lots of wars and politics will change directions many times.
those who can, do. those who cant, talk about those who can
  • #413,810
  • Mar 25, 2011 10:47pm Mar 25, 2011 10:47pm
Quoting gatorinla
very close.. indicates little movement till breakout.
#4 4160
#5 53.7
#6 23.2
#7 05.4
#8 4080.3
#9 71.1
#10 59.6
#11 34.8
#12 22.8
#13 3971
#14 67
some slip then bounce normal.. all valid w/o a new high. looking to post bull tracks when i see them..
3986 and 3980 still in play
these (3962 within 5)are st majors if bear continues. but minors still have power. this is where it gets confusing.. #14 is the same as the math one posted above. but it was done sun or mon.
good luck deciphering this.. i wrote it and cant.
those who can, do. those who cant, talk about those who can
  • #413,811
  • Mar 25, 2011 11:08pm Mar 25, 2011 11:08pm
im short.. and there are no guarantees we will go either way. also on the bulls side is the possible tweezers on the daily.
on the bear side is we ended the day under 4103/5 .. we were rejected before new high then fell below previous day and week close. usually a strong indication. the week is a bearish harami close. the day is a bearish piercing pattern. gmt ...s/r can trump these patterns..4076 is one..on the daily... 3986 is another. 3980 is another
GL
those who can, do. those who cant, talk about those who can
  • #413,812
  • Mar 25, 2011 11:45pm Mar 25, 2011 11:45pm
Quoting gatorinla
im short.. and there are no guarantees we will go either way. also on the bulls side is the possible tweezers on the daily.
on the bear side is we ended the day under 4103/5 .. we were rejected before new high then fell below previous day and week close. usually a strong indication. the week is a bearish harami close. the day is a bearish piercing pattern. gmt ...s/r can trump these patterns..4076 is one..on the daily... 3986 is another. 3980 is another
GL
I sat on my third scalping attempt and got out with 2 pips at the end.....price just wasn't wanting to go up much......somehow I have yet to jump on the bandwagon of a longer term directional change, which will obvoiusly see swift price breaks down to the mid 30s in a matter of a week or so (like how we saw aussie go from .97 to 1.029 in a week
  • #413,813
  • Mar 25, 2011 11:54pm Mar 25, 2011 11:54pm
gatorinla

is it possible it will reach 3857 next week ?????
  • #413,814
  • Mar 26, 2011 12:03am Mar 26, 2011 12:03am
Quoting gatorinla
im short.. and there are no guarantees we will go either way. also on the bulls side is the possible tweezers on the daily.
on the bear side is we ended the day under 4103/5 .. we were rejected before new high then fell below previous day and week close. usually a strong indication. the week is a bearish harami close. the day is a bearish piercing pattern. gmt ...s/r can trump these patterns..4076 is one..on the daily... 3986 is another. 3980 is another
GL
thank you for all the analysis you shared .
A chart helps those who can read it.
  • #413,815
  • Mar 26, 2011 2:01am Mar 26, 2011 2:01am
Quoting gatorinla
im short.. and there are no guarantees we will go either way. also on the bulls side is the possible tweezers on the daily.
on the bear side is we ended the day under 4103/5 .. we were rejected before new high then fell below previous day and week close. usually a strong indication. the week is a bearish harami close. the day is a bearish piercing pattern. gmt ...s/r can trump these patterns..4076 is one..on the daily... 3986 is another. 3980 is another
GL
Hi,
I agree it could go either way from here, but it looks like we have come to a temporary ceiling. I am holding longs from 1.37 and 1.38, so will keep those for now, but I have also started building shorts in case we really drop, on a different account. On my 4hr we have a broken head and shoulders pattern, along with other indications that this rise is ended at least for now-the weekly close for example.
I was trying not to be too biased(yeah right!) but I stuck to longs even though I should have closed add ons much earlier than I did, (or not open them to begin with) with the bearish 4hr bars we saw all day yesterday. Anyway, thats what happens when you only see what you want to see. The way it dropped had me fooled too, all this dribbling down just didnt feel right, when it drops it has to GO, like it did finally at the end of the day...my chart:
Good luck and happy trading next week, Raz
Attached Image (click to enlarge)
Click to Enlarge Name: eur 4hr.gif Size: 35 KB
Never say never.
  • #413,816
  • Mar 26, 2011 2:24am Mar 26, 2011 2:24am
I think we can have some price Gap on the opening monday due to the Daylight Saving Time Shift what do you think about this scenario ?
  • #413,817
  • Mar 26, 2011 2:35am Mar 26, 2011 2:35am
Quoting razldazl
Hi,
I agree it could go either way from here, but it looks like we have come to a temporary ceiling. I am holding longs from 1.37 and 1.38, so will keep those for now, but I have also started building shorts in case we really drop, on a different account. On my 4hr we have a broken head and shoulders pattern, along with other indications that this rise is ended at least for now-the weekly close for example.
I was trying not to be too biased(yeah right!) but I stuck to longs even though I should have closed add ons much earlier than I did, (or not...
I am with you there mate, I have the similar chart for my longer trades. But my drawing didnt have any break of the bull trendline (floor)...

However, I went in at 1.32 and added on 1.36 almost taken out on BE because of bad average there... (30 pip away BE line)...

Fundamentally nothing has changed but I will be out before next friday for jobless...

Still trading intra at the same time, respect to you if you dont I am to stressed to leave it completely,

If it doesnt go our way next week, we will have at least some profit taken out... But I will see a clear break for that to happen...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-03-26 at 8.35.10 PM.png Size: 36 KB
  • #413,818
  • Mar 26, 2011 2:46am Mar 26, 2011 2:46am
What timeframe are you using for that chart?
Never say never.
  • #413,819
  • Mar 26, 2011 3:27am Mar 26, 2011 3:27am
1.4050,1.4025, 1.4
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 33 KB
A chart helps those who can read it.
  • #413,820
  • Mar 26, 2011 3:35am Mar 26, 2011 3:35am
[quote=Larseg;4500604]I am with you there mate, I have the similar chart for my longer trades. But my drawing didnt have any break of the bull trendline (floor)...
I also think the longs EU have better chance.USDX is still below important TLs,of course this 4h channel could become bull
flag
http://www.forexfactory.com/attachme...1&d=1301135320

http://www.forexfactory.com/attachme...1&d=1301135235

http://www.forexfactory.com/attachme...1&d=1301135268

And the most important(lol) small speculators reduced their longs
http://www.forexfactory.com/attachme...1&d=1301135639
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdxd1.jpg Size: 98 KB
Click to Enlarge Name: usdx4h.jpg Size: 112 KB
Click to Enlarge Name: usdxd.jpg Size: 99 KB
Attached Image
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