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Price is everything

  • #14,161
  • Apr 1, 2011 12:01am Apr 1, 2011 12:01am
Quoting Venice
Eh, NFP week mate. Usual nonsense.
I know V...

Usually cap it early on NFP weeks, just triggering for beer money...

Maybe me and Red rip up the EU thread again this weekend....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,162
  • Apr 1, 2011 12:11am Apr 1, 2011 12:11am
Quoting Magix
I agree with Cable Trapped...Below M5 Resistance.

Price current below trend EMA...Meaning Short still in effect...

Price also supported by Daily Roll...

Tightening Chan...EOM, NFP = NFG

Might be calling it an early week, if this shit keeps up...

Would like to see a break one way or t'other....

Hi Magix

Excuse my ignorance

Daily Roll?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #14,163
  • Apr 1, 2011 12:17am Apr 1, 2011 12:17am
Quoting Rufus
Hi Magix

Excuse my ignorance

Daily Roll?
Some of us mark our day by NY Close as the true daily candle.

That purple bar on my chart marks when NY closed. As price is above it, it holds as support, when price is below, it acts as resistance...

Check out an hourly chart with a little less clutter then most of what I show...

Trend EMA and Daily roll...

As I trip off the shorter charts, I watch these for indication off the slow and trade off the fast...

Probably ADHD or something...I dunno...

No need to excuse yourself either...I think Red makes it pretty clear that we are all here to share...If ya gotta question, DAMMIT MAN, do not be afraid to ask...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,164
  • Apr 1, 2011 12:22am Apr 1, 2011 12:22am
Quoting honeybhi
Stop on GBP/CHF moved to 1.47.

Currently running at +90 pips.


Closed my GF multiple longs at 1.4768 For +130 pips.

Will reenter later today if we get down again.
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  • #14,165
  • Apr 1, 2011 12:24am Apr 1, 2011 12:24am
Quoting Magix
Some of us mark our day by NY Close as the true daily candle.
Good point on the Daily Roll, Mag. Using NY and Asian session to determine the potential move for the day is very good observation.
My 2 cents
  • #14,166
  • Apr 1, 2011 12:26am Apr 1, 2011 12:26am
Quoting Rufus
Daily Roll?
Hey Rufus...another way to say it is...

Opening price of the day = Daily Roll

If you apply that along side of what Magix was saying...I'd say all necessary lights in your head will turn on. :-)
  • #14,167
  • Apr 1, 2011 12:30am Apr 1, 2011 12:30am
Bought GU 1.6051.
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  • #14,168
  • Apr 1, 2011 12:34am Apr 1, 2011 12:34am
Quoting Magix
Some of us mark our day by NY Close as the true daily candle.

That purple bar on my chart marks when NY closed. As price is above it, it holds as support, when price is below, it acts as resistance...

Check out an hourly chart with a little less clutter then most of what I show...


No need to excuse yourself either...I think Red makes it pretty clear that we are all here to share...If ya gotta question, DAMMIT MAN, do not be afraid to ask...

Trend EMA set as ? I use 55 h+l/2
5m resistance ?

Thanks for your info.

I am just messing with charts this evening
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #14,169
  • Apr 1, 2011 12:35am Apr 1, 2011 12:35am
Quoting honeybhi
Bought GU 1.6051.
That's resistance...

Might get some support on USD weakness if EURO takes a bounce here...

Good luck...

Watching for trigger down myself....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,170
  • Apr 1, 2011 12:39am Apr 1, 2011 12:39am
Quoting Magix
That's resistance...

Might get some support on USD weakness if EURO takes a bounce here...

Good luck...

Watching for trigger down myself....
Yes bro, i know 15 min 200 ema sitting there.

But breakout has happened.

Just scalping small ones for 10-20 pips,only thing is london is not yet open.

Lets see how it goes.Good luck mate.
  • #14,171
  • Apr 1, 2011 12:42am Apr 1, 2011 12:42am
Quoting Rufus
Trend EMA set as ? I use 55 h+l/2
5m resistance ?

Thanks for your info.

I am just messing with charts this evening
I work with Several Moving Averages...

Each of the Arrows on my charts are generated by a moving average cross...

Above the trend EMA, green arrow take long.
Below the trend EMA, red arrow take short.

I use the 200 as my play range on all tfs and observe price as it relates. Others I use to define daily movements and overall trends.

AUDUSD M15 as example...
Check the red dotted line...Trend EMA...15m chart for observation to trigger off 5m chart in direction...1m chart for the real quick n dirties...

Each green circle is where it found support and bounced up...last, red circle, found resistance and bounced down...

I have select sets for different pairs as I find them most applicable...

Just another way to watch the same PA.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,172
  • Apr 1, 2011 12:47am Apr 1, 2011 12:47am
Quoting honeybhi
Yes bro, i know 15 min 200 ema sitting there.

But breakout has happened.

Just scalping small ones for 10-20 pips,only thing is london is not yet open.

Lets see how it goes.Good luck mate.
Here is where it might work out good for ya though...

EU sitting in support area, GU sitting in resistance area...

IF USD loses strength on EU bull, cable could be dragged along...

Trade pair correlations on strength and weakness...

That is all I was saying...

That is too why I am sitting both of these pricks out...but hey, that's just me...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,173
  • Apr 1, 2011 1:02am Apr 1, 2011 1:02am
Quoting honeybhi
Bought GU 1.6051.

Scalped for +11 pips to DP at 1.6062.
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  • #14,174
  • Apr 1, 2011 1:07am Apr 1, 2011 1:07am
Quoting honeybhi
Scalped for +11 pips to DP at 1.6062.
Nicely done...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,175
  • Apr 1, 2011 1:19am Apr 1, 2011 1:19am
Quoting redsword11
Attachment


upper 2 zones used as traps only to turn @ the lowest one - l see you

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market prepares - triangles
  • #14,176
  • Apr 1, 2011 1:21am Apr 1, 2011 1:21am
On the trend ema, 1m side o things...

See how after moving above, trend EMA got tested to trigger long?

This is more what I look for...

FWIW...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,177
  • Apr 1, 2011 1:37am Apr 1, 2011 1:37am
Quoting redsword11
Attachment



if this gets visited today, loony will fly

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remains capped, insight - loony may break north today and aud , kiwi might begin a correction south
  • #14,178
  • Edited 1:55am Apr 1, 2011 1:40am | Edited 1:55am
G/M

76.4% 5974-6150 with 61.8% 5935- same 6150 Hi (yesterday's hi) capped the fall from yesterday's hi-this being yesterday's lo (6014)...2nd test overnight and another bounce following a pullback from the fall to 50% of the 6150-6014 move. 1hr in somewhat of a comnsolidation at the moment.

Current 1hr screenshot below.

Uk data at 0930am Uk time, and of course U.s NFP later.

I will be looking for with trend set-ups and pullbacks/reversals (counter trend) at potential support/resistance.

G/L
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ex member
  • #14,179
  • Apr 1, 2011 1:53am Apr 1, 2011 1:53am
EU wach area, does this look right to you guys?

Reasons - Previous resistance/consolidation area and rapid break.
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  • #14,180
  • Apr 1, 2011 2:02am Apr 1, 2011 2:02am
If I was trading Eurusd (I'm not) the immediate downside areas in respect of previous obvious near-term imbalances of demand/supply (previous obvious near-term fractal swing lows = previous support = potential supp)and supply/demand (previous fractal swing highs = previous res = potential support now) are as shown on 1hr t/f below.

G/L

Quoting Trotty
EU wach area, does this look right to you guys?

Reasons - Previous resistance/consolidation area and rapid break.
Attached Image (click to enlarge)
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ex member
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