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  • #418,961
  • Apr 7, 2011 6:29am Apr 7, 2011 6:29am
double pressed zero.....my error........fingers moving too fast on keyboard....my bad.



Quoting SunTrader
uhhh that is 100 pips. 5th digit is a 1/10th a pip.
I don't trust any move - when you have profit...take it.
  • #418,962
  • Apr 7, 2011 6:30am Apr 7, 2011 6:30am
Trichet was so angry now.Reporter asked him for 3-rd time about possible new rate hike in future.His eys was saying "are you deaf,are you in the same room with me or what"Hahaha
  • #418,963
  • Apr 7, 2011 6:32am Apr 7, 2011 6:32am
Quoting T@rantula
Mate, my advice is dont trade Weekly TF I only use it to give me direction for trend trades on h1 chart.

whats wrong with h4 H1 love M1 -M30 though
  • #418,964
  • Apr 7, 2011 6:34am Apr 7, 2011 6:34am
Quoting drumdude
Additional confirmation for longs.
Bummer dude!

Where are you looking next?
  • #418,965
  • Apr 7, 2011 6:35am Apr 7, 2011 6:35am
Quoting kenfen69
Interesting chart. Can you explain a bit about the ARCs?

Many people believe the only trendlines that are on a chart are straight lines. Motion also goes along curvutures on a chart, that means where the slanted trendlines do not make sense a Curve makes much more sense. If you use any type of tool on your chart that makes a curve, and drag it in such a way so that you can line up as many points on that curve as you can, you will know what I am talking about.

These are resistance and support areas that line up on a curve. So you have 3 types of resistance and support areas:

1. Horizontal resistance and support along a horizontal line
2. Slanted resistance and support along a slanted trendline that is sloping up or down
3. Resistance and support areas that are neither line up horizontally or line up along a slanted trendline, but they only line up along a curve.

The curves are a very very powerfull method of seeing resistance and support when the #1 and #2 fail.

Experiment with it, and you know what I mean
  • #418,966
  • Apr 7, 2011 6:36am Apr 7, 2011 6:36am
maybe another weird looking h4 candle
  • #418,967
  • Apr 7, 2011 6:36am Apr 7, 2011 6:36am
approaching ma200 on 1m 1.4276
  • #418,968
  • Apr 7, 2011 6:37am Apr 7, 2011 6:37am
Quoting Kambooj
Many people believe the only trendlines that are on a chart are straight lines....
How long have you been trading using your arcs and how successful are you at them? When do you recommend going short EU?
  • #418,969
  • Apr 7, 2011 6:41am Apr 7, 2011 6:41am
Quoting gatorinla
#1 completed
#2 4275.5
#3 4263.4 #2 and #3 may marry
#4 4222.9 .. its also a support # for other reasons mentioned before.

if we make a new high 4360 area is the next target.. but the resistance at yesterdays high has been in the making for years.. so getting past it may take a few tries.. chart posted before.
let me say this again for the hearing impaired. after target is reached slip and bounce is normal..
atm we have a pa bounce that the mid may reach 4284.3 and target 4325.6


there are no bulls w/o completion. all we did was go above the last bear target atm... this is normal..
those who can, do. those who cant, talk about those who can
  • #418,970
  • Apr 7, 2011 6:42am Apr 7, 2011 6:42am
Quoting Kambooj
Many people believe the only trendlines that are on a chart are straight lines.
I might add something... This is what i teach forex students also.

TRENDLINE is DIFFERENT from CHANNEL line. If we have a DOWNTREND we connect the HIGHS and that is the TRENDLINE. On the same downtrend we connect bottoms that is a CHANNEL line.

A valid trendline MUST have at least 3 points connected to be considered valid.
  • #418,971
  • Apr 7, 2011 6:43am Apr 7, 2011 6:43am
Quoting Kambooj
The curves are a very very powerfull method of seeing resistance and support when the #1 and #2 fail.

Experiment with it, and you know what I mean
Very good.

I see 88.60% inside the two smaller ones. What is the significance?
  • #418,972
  • Apr 7, 2011 6:43am Apr 7, 2011 6:43am
Quoting TradeBugger
How long have you been trading using your arcs and how successful are you at them? When do you recommend going short EU?
maybe the same rejection line it has been rejected at for years..
those who can, do. those who cant, talk about those who can
  • #418,973
  • Apr 7, 2011 6:46am Apr 7, 2011 6:46am
And the press conference is over.
  • #418,974
  • Apr 7, 2011 6:47am Apr 7, 2011 6:47am
Quoting gatorinla
let me say this again for the hearing impaired.
What's that you say?

Thanks again, gator! Always great watching your action!

ps- I woke up wanting turkey this morning...damn you!
  • #418,975
  • Apr 7, 2011 6:47am Apr 7, 2011 6:47am
where is fontu? disappeared for month already...
No crystal ball. I read the cards.
  • #418,976
  • Apr 7, 2011 6:49am Apr 7, 2011 6:49am
Quoting T@rantula
A valid trendline MUST have at least 3 points connected to be considered valid.
Thanks for posting this... Get tired of seeing 2 point connected trendlines on people's charts...
  • #418,977
  • Apr 7, 2011 6:51am Apr 7, 2011 6:51am
Quoting wvanja
And the press conference is over.
lol
--------------------
  • #418,978
  • Apr 7, 2011 6:52am Apr 7, 2011 6:52am
Quoting TradeBugger
How long have you been trading using your arcs and how successful are you at them? When do you recommend going short EU?
I dont use any indicators in my trading, just plain lines, arcs and some fibonacci.

When I get mixed signals from them I stay out, and when they are solid like now, I become very suspicious of going long and will try short positions.

I have been trading using the Arc concept for 2 years now, and I dont trade every day, my style is a swing trading style. I use a breakout method for trading.

That means when I want to put a trade, I always gage my resistance and support areas and then I put a buy or a sell slightly outside that range.

I never enter at market price within a range.

I dont use stoploss and I only set a limit of 25-30 pips max for the EUR on any given trade.

I put a pending order at 12:00 - 1:00 AM EST for the openning of the EUR session for 20-25 pips and that ususally gets hit 80-90% of the time,

Then I wait for 10:30 AM - 12:00 PM EST and do the same thing via pending orders. Because I am awake during this session I sometimes get around 50 pips of profit on any given order, but if market is wishy washy I am out at 25 pips of profit.

I average about 100-150 pips of profit within a given week.

I also definetly pay attention to moon cycles too. Because very close to these cycles the market makes a half decent move. So my odds get better. You can figure that for yourself by looking at a moon cycle calendar and see how many times the market did make a significant move very close to these dates.

Good Luck
  • #418,979
  • Apr 7, 2011 6:53am Apr 7, 2011 6:53am
Quoting T@rantula
I might add something... This is what i teach forex students also.

TRENDLINE is DIFFERENT from CHANNEL line. If we have a DOWNTREND we connect the HIGHS and that is the TRENDLINE. On the same downtrend we connect bottoms that is a CHANNEL line.

A valid trendline MUST have at least 3 points connected to be considered valid.
and draw with crayons, not with the pen..
  • #418,980
  • Apr 7, 2011 6:57am Apr 7, 2011 6:57am
Quoting T@rantula
A valid trendline MUST have at least 3 points connected to be considered valid.
Not true at all.

Price goes from point A to point B.

For example yesterday's high to todays low (so far) 1.43480 - 1.42420

How many points is that? Two obviously. Two points make a trend.

The object is not just to draw a line with as many touches. It is to capture a trend.
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