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  • #420,021
  • Apr 11, 2011 11:15am Apr 11, 2011 11:15am
Quoting drumdude
H1 long

Yellow: Buy zone(for best R:R)
Red line: Stop
Green line: TP
Hi drumdude,

I find yours and Chicky's charts amongst the most intriguing on this forum.
Care to share your system?
I'm trying to catch the pattern and I think I get the upper and lower blue lines (just Fibo extension levels?), but what eludes me is how exactly you draw your 0-100 main fibo range. It's not from recent swing low to swing high like textbooks suggest.

I'm a beginner in this casino and trying to pick up as many little gems of wisdom I can.
Thanks.

P.S. completely understand if you don't want to share the details of your system.
  • #420,022
  • Apr 11, 2011 11:16am Apr 11, 2011 11:16am
Quoting Venice
It's been doing pretty good, albeit slow. I have found I am starting to get extremely worn out trying to scalp Asia. I havn't been able to get any new swing trades started as well. It would be nice if these currencies would stop powering one direction for the time being... lol. I've never been a fan of starting swing trades mid or near the end of a move.

Last week the only one I really took was the swissy short, and I ended up closing that out on Friday afternoon for 100. Probably shouldn't have, but I get nervous leaving positions open during...
tbh I was expecting that tl to play a bigger role and FOMCs QE confirmation has blown my long term analysis right out of the water... sticking to short term plays until we get a retest of the tl, how it reacts there should determine mid-term direction..

Gotta nip out for a bit, catch up with you later Venice...
  • #420,023
  • Apr 11, 2011 11:22am Apr 11, 2011 11:22am
Quoting FibbinArchie
just for laughs...

http://www.youtube.com/watch?v=n9n2Wo5O9wQ

His voice is shaking and his eyes are watering - every time I see this guy speaking - he looks like someone who is expecting to be caught in the act any second and then executed...
  • #420,024
  • Apr 11, 2011 11:30am Apr 11, 2011 11:30am
venice lol i told you it usd/chf was getting ready to drop

banked good profits. it was out of sync at some point it needed to come back to the mean.
esp after oil prices going up the euro expecting rates, usually investors flock to the frank to avoid potential drawdown. the middle easterns are converting petrodollars to euros and fancs.

well now after the government shut down averted. the USD seems to be stabilizing this morning and appears to be strengthening. i will await on cash but most likely we will see the USD catching a breather meaning the EURO cant help but to retrace.

these are opinions that i will keep in check i need the market to SHOW ME her battle plans
AVT INVENIAM VIAM AVT FACIAM
  • #420,025
  • Apr 11, 2011 11:31am Apr 11, 2011 11:31am
Quoting johnnyrei
His voice is shaking and his eyes are watering - every time I see this guy speaking - he looks like someone who is expecting to be caught in the act any second and then executed...
lol, yeah I know he's not the world's greatest bullsh!t+er...
  • #420,026
  • Apr 11, 2011 11:39am Apr 11, 2011 11:39am
Quoting FibbinArchie
lol, yeah I know he's not the world's greatest bullsh!t+er...
  • #420,027
  • Apr 11, 2011 11:42am Apr 11, 2011 11:42am
Quoting the redlion
venice lol i told you it usd/chf was getting...
Yeah, my original target of .9033 is still valid and looks like it's chugging to it.

One of these days I will learn to actually let a daily trade playout... heh. Patience is a must on the dailies... something i haven't quite mastered yet. Scalping is so much more my style... but time makes it hard to do it.
  • #420,028
  • Apr 11, 2011 12:06pm Apr 11, 2011 12:06pm
Quoting FibbinArchie
Where is everybody?

http://www.youtube.com/watch?v=SmOGpHwUdzE
great taste in music
  • #420,029
  • Apr 11, 2011 12:08pm Apr 11, 2011 12:08pm
fundamentals still stand but it seems the dollar is appreciating little by little for the time being.

im sure you know what ure doing but, i like to press my attack on a usdx leg down. right now i big move was made and the shut down averted.

us earning week. seems like being nimble and scalping for now is good strategy.
big move down by the dollar last week. going into consolidation. but lets not be rigid.

gold climing comodities still high oil easing off but still higher than last week and the week before. dollar weakness still the play.

the FED continue their boat on dollar liquidity and boosting the stock market, bond purchases low interest rates. dismissing the notion that the green back should follow ECB decision to hike interest.

more and more good cary oportunities will drive the dollar down. lest be nimble and flexible. EZ is a ticking time bomb just like the US


lately ive been playing more on the percieved safety of the franc and the gains of the AUD CAD and comodity currencies. however BOC already hinted that strength of the CAD is not a good thing due to exports , i dare say AUD is feeling the pressure of a strong currenccy as well.

i will dig and look for cover, let the enemy show its tactics.


im in cash for now
AVT INVENIAM VIAM AVT FACIAM
  • #420,030
  • Apr 11, 2011 1:05pm Apr 11, 2011 1:05pm
initiated short position on the EURO for now, as price seems to be moving down and the USD seems to be strengthening across the board after a big fall last weak.

will watch my positions carefully to not get caught in a bear trap.
AVT INVENIAM VIAM AVT FACIAM
  • #420,031
  • Apr 11, 2011 1:07pm Apr 11, 2011 1:07pm
Quoting Julexo
Target Levels 1. 4418
2. 4400
3. 4371
1.target reach
2 waiting
  • #420,032
  • Apr 11, 2011 1:24pm Apr 11, 2011 1:24pm
Quoting johnnyrei
Ok - I tell you my wildest dream about this bearish movement and target:

1. US oil leads a game for me. I really suspect it will retrace back to 100.00 area - as it did 2 years ago when it was on the same levels and over bollinger band - PICTURE 1

2.Last time US oil was 100.00 was cca 20th march 2011 - PICTURE 2
Eur/Usd was at that time around 1.4000 PICTURE 3


Anyway - go figure....
Still valid
  • #420,033
  • Apr 11, 2011 2:13pm Apr 11, 2011 2:13pm
nice hickups with anyoption(option+) on usdjpy (compared to fxpro in mt4) got some nice profits already in just maybe 5/10 seconds ... hahaha.. hope they keep going
  • #420,034
  • Apr 11, 2011 2:21pm Apr 11, 2011 2:21pm
Added Long position at 1.4428 TP and stop same as chart in post: 420093

Buy while the deal is hot :nerd:
  • #420,035
  • Apr 11, 2011 2:32pm Apr 11, 2011 2:32pm
Quoting drumdude
Added Long position at 1.4428 TP and stop same as chart in post: 420093

Buy while the deal is hot :nerd:
I'm more conservative. I wait.
It should retrace before next leg up. At least to 4396, ideally 4330-65 area. I search for longs then.
  • #420,036
  • Apr 11, 2011 3:15pm Apr 11, 2011 3:15pm
Quoting cloggie
How are the muppets doin' ?

The thread hasn't changed one bit.
What country did you go to on vaction?
  • #420,037
  • Apr 11, 2011 3:17pm Apr 11, 2011 3:17pm
Quoting pacosan
What country did you go to on vaction?

Skiing, only back for a few days then I am of again for a few weeks. This time of year I spend more time on holidays then at home.
  • #420,038
  • Apr 11, 2011 3:20pm Apr 11, 2011 3:20pm
Beginning traders and likely intermediate ones will find value in this educational video on the USDX, global markets and other relationships driving the markets. It was produced at the start of Sunday/Monday trading and speaks to the uncharted territory that things are at - the-LFB has daily bullets and less frequent (free) video updates that can really help one understand the connected nature of the global markets. It's about 33 minutes long, and there is specific mention of EURUSD at about the 30 minute point. Enjoy.

https://www.thelfb-forex.com/content.aspx?id=51718
  • #420,039
  • Apr 11, 2011 3:25pm Apr 11, 2011 3:25pm
Quoting cloggie
Skiing, only back for a few days then I am of again for a few weeks. This time of year I spend more time on holidays then at home.
Are you also trading whilst on holiday?
  • #420,040
  • Apr 11, 2011 3:57pm Apr 11, 2011 3:57pm
I've been in the same trade since friday close sell 4472 target 4290 and long from there till 4575 for the big drop. Price still hovering high over my projection which shows we can still go to 4280 for next 4 hours. Then it's all up till 4575. If we don't go down to 4280 next support for today shows as 4377 in 4 hours I'll be looking to get long.
Founder of Sutherland Wave Principle
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