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  • #418,981
  • Apr 7, 2011 8:59am Apr 7, 2011 8:59am
Nothing but range tonight.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #418,982
  • Apr 7, 2011 9:01am Apr 7, 2011 9:01am
The way gold is spiking around today really dragging these currencies with it.
rat
  • #418,983
  • Apr 7, 2011 9:02am Apr 7, 2011 9:02am
all goes by plan, like my last post.
long in at 1.4253.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_support.png Size: 31 KB

Regards
  • #418,984
  • Apr 7, 2011 9:03am Apr 7, 2011 9:03am
"It takes 2 points to establish a trend, but 3 to confirm one"
  • #418,985
  • Apr 7, 2011 9:04am Apr 7, 2011 9:04am
Quoting Kambooj

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
Dont want to be rude but this is to much for me.I have to look for trend lines,listen news,indicators,reading what a retail treaders do,drink coffe,take a shower while trading, and now i have to look and the moon.This trading is geting to hard for me.i quit.
  • #418,986
  • Apr 7, 2011 9:04am Apr 7, 2011 9:04am
Quoting Pipwanderer
1.4311 touched

1.4346
h4 channel 1.4345 resistance as posted earlier
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdhourly.gif Size: 26 KB
  • #418,987
  • Apr 7, 2011 9:08am Apr 7, 2011 9:08am
Quoting fldash
Thanks for posting this... Get tired of seeing 2 point connected trendlines on people's charts...
Perhaps you need to get out more?
  • #418,988
  • Apr 7, 2011 9:08am Apr 7, 2011 9:08am
Quoting wvanja
Dont want to be rude but this is to much for me.I have to look for trend lines,listen news,indicators,reading what a retail treaders do,drink coffe,take a shower while trading, and now i have to look and the moon.This trading is geting to hard for me.i quit.

The moon part sounds a bit weird, but its not as weird as it sounds once you check few things out.

I dont listen to news, dont look at indicators, and dont read what retail traders do. I just use trendlines and fibonacci and pay attention to how the motion breaks the different trendlines.

I have found getting good at few tools is much better than bombarding yourself with a array of information.

Take Care and Good Luck
  • #418,989
  • Apr 7, 2011 9:15am Apr 7, 2011 9:15am
Anyone long?

I'm long till 1.4520
  • #418,990
  • Apr 7, 2011 9:16am Apr 7, 2011 9:16am
Quoting Kambooj
The moon part sounds a bit weird, but its not as weird as it sounds once you check few things out.

I dont listen to news, dont look at indicators, and dont read what retail traders do. I just use trendlines and fibonacci and pay attention to how the motion breaks the different trendlines.

I have found getting good at few tools is much better than bombarding yourself with a array of information.

Take Care and Good Luck
To each his own, but why completely close yourself to what is freely available (i.e. NEWS) and constantly changing the markets? So if you took a trade based on your "arc" system and suddenly the market moved totally against you because of the news you voluntarily chose to miss, you dont think that is completely foolish?

I used to think like you, but keeping up-to-date with ever-changing news items is worlds away from "bombarding" yourself from information.... you're only keeping up to date what has a strong propensity to influence the market!

Finally, you shouldn't close yourself to open doors.
  • #418,991
  • Apr 7, 2011 9:17am Apr 7, 2011 9:17am
Quoting 168ipoh
Anyone long?

I'm long till 1.4520
I'm with you
  • #418,992
  • Apr 7, 2011 9:18am Apr 7, 2011 9:18am
Quoting Kambooj
The moon part sounds a bit weird, but its not as weird as it sounds once you check few things out.
Actually, we were discussing this last week.

Here is an indicator that will plot moon phases on your charts. Infintus posted it up.

Also a PDF about moon phase trading. Was that also you Infinitus?

Its all here at the Factory!
Attached File(s)
File Type: pdf moon phase trading study RBS.pdf   278 KB | 503 downloads
File Type: mq4 MoonPhases.mq4   4 KB | 395 downloads
  • #418,993
  • Apr 7, 2011 9:20am Apr 7, 2011 9:20am
was at -250 few h ago, came back home and wholla .. +55.
  • #418,994
  • Apr 7, 2011 9:22am Apr 7, 2011 9:22am
Quoting kenfen69
Actually, we were discussing this last week.

Here is an indicator that will plot moon phases on your charts. Infintus posted it up.

Also a PDF about moon phase trading. Was that also you Infinitus?

Its all here at the Factory!
Thanks for the indicator and the document, I will definetly check it out.
  • #418,995
  • Apr 7, 2011 9:23am Apr 7, 2011 9:23am
This is getting very close to a major trendline. What do you guys think will happen?
Attached Image (click to enlarge)
Click to Enlarge Name: CHART EURUSD 110407.JPG Size: 78 KB
  • #418,996
  • Apr 7, 2011 9:24am Apr 7, 2011 9:24am
Quoting suirad
all goes by plan, like my last post.
long in at 1.4253.
Attachment
Regards
Closed half for +50 pips at 1.4303.
  • #418,997
  • Apr 7, 2011 9:26am Apr 7, 2011 9:26am
Quoting TradeBugger
To each his own, but why completely close yourself to what is freely available (i.e. NEWS) and constantly changing the markets? So if you took a trade based on your "arc" system and suddenly the market moved totally against you because of the news you voluntarily chose to miss, you dont think that is completely foolish?

I used to think like you, but keeping up-to-date with ever-changing news items is worlds away from "bombarding" yourself from information.... you're only keeping up to date what has a strong propensity to influence...

Thanks for your suggestion, but the best way to avoid the clutter of the news is to place order outside the range, and doing that and picking a spot to go short or long outside the range is something that Its not easy just by drawing few trendlines. You have to see whether the "Outside Of The Range" will give you enuough to profit. This technique has saved me numerous time from a news that seems to be a big shaker and is not.

Sometimes you also have to put pending orders on both sides outside the range. So in effect it really doesnt matter what the news is, it has to go either up or down. All you have to do is to figure out what is a reasonable profit limit if it goes up or down.

Good Luck
  • #418,998
  • Apr 7, 2011 9:27am Apr 7, 2011 9:27am
Quoting fldash
Thanks for posting this... Get tired of seeing 2 point connected trendlines on people's charts...
it depends.......

If you are able to draw an Elliott wave base channel it needs only two points and it is proofed to be very acurat
  • #418,999
  • Apr 7, 2011 9:30am Apr 7, 2011 9:30am
Quoting SunTrader
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.
Not correct. 2 is not enough. 3 is the LEAST. The more the better. 2 points DOESNT make a valid trendline. U need to connect successive minimums in UP trend and vice versa for downtrend. Read some books about drawing TLs.

3 is the MINIMUM.
  • #419,000
  • Apr 7, 2011 9:31am Apr 7, 2011 9:31am
Quoting Kambooj
Thanks for the indicator and the document, I will definetly check it out.
Thanks go to Infinitus.

Don't know if you saw my question earlier. I see 88.60% inside your two smaller ARCs. What is the significance? 88.60% of what? They certainly look a lot smaller than that compared to the large ARC. Just curious.
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