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  • #421,901
  • Apr 14, 2011 5:25pm Apr 14, 2011 5:25pm
Quoting Venice
Gold making new highs this session.
this is why im not sure of shorting eu
  • #421,902
  • Apr 14, 2011 5:25pm Apr 14, 2011 5:25pm
Quoting Venice
Asia has actually been pretty decent this week. I guess I should be happy with what it has provided so far... tonight, time to drink more beer and just watch
you seen any patterns this week? eg. times for counter trends or reversals etc...

Btw, I did say "most of the time..."
  • #421,903
  • Apr 14, 2011 5:27pm Apr 14, 2011 5:27pm
Any thoughts about similarities of these two?
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  • #421,904
  • Apr 14, 2011 5:29pm Apr 14, 2011 5:29pm
Quoting FibbinArchie
you seen any patterns this week? eg. times for counter trends or reversals etc...
Only thing that is keeping me bearish on this pair right now is the inability to pierce supply from Jan '10. The current PA tends to suggest supply consumption, but the candle wicks are so little that can be said with a grain of salt.

Over the last three days... if we actually were making slightly higher highs that would reinforce the bear (bear wedge), but rather, it is hitting a pretty heavy ceiling, which makes me more inclined to think ascending triangle. Except, yesterday's candle we managed to completely smash the would-be lower trend line that forms as part of those.

I personally feel like any play that isn't scalping is a throw of the dice. Nothing is clear to me.

Definitely watch for reaction at the highs.
  • #421,905
  • Apr 14, 2011 5:33pm Apr 14, 2011 5:33pm
Quoting Venice
Only thing that is keeping me bearish on this pair right now is the inability to pierce supply from Jan '10. The current PA tends to suggest supply consumption, but the candles are so little that can be said with a grain of salt.

Over the last three days... if we actually were making slightly higher highs that would reinforce the bear (bear wedge), but rather, it is hitting a pretty heavy ceiling, which makes me more inclined to think ascending triangle. Except, yesterday's candle we managed to completely smash the would-be lower trend line that...
yeah I'm thinking whack a mole, good r:r for longer term plays...
  • #421,906
  • Apr 14, 2011 5:35pm Apr 14, 2011 5:35pm
Quoting FibbinArchie
yeah I'm thinking whack a mole, good r:r for longer term plays...
Yup, this will be an excellent r:r if you are short biased. But I have very little confidence right now.

Maybe i'll throw a .01 lot on just for funzies. lol
  • #421,907
  • Apr 14, 2011 5:35pm Apr 14, 2011 5:35pm
Quoting johnnyrei
Any thoughts about similarities of these two?
Looks like "W" ?
  • #421,908
  • Apr 14, 2011 5:37pm Apr 14, 2011 5:37pm
Quoting johnnyrei
Any thoughts about similarities of these two?
yeah they're similar chart patterns, but seen them break in both directions in the past... don't you use period separators on your chart? easier to see if those patterns are taking place at similar times of the day...

incidentally by pattern, I meant is there a pattern to the times of night when trends and counter trends occur during asia?
  • #421,909
  • Apr 14, 2011 5:39pm Apr 14, 2011 5:39pm
Quoting Venice
Yup, this will be an excellent r:r if you are short biased. But I have very little confidence right now.

Maybe i'll throw a .01 lot on just for funzies. lol
lol, not sure I'm ever confident putting on a trade, maybe why I scalp so much...
  • #421,910
  • Apr 14, 2011 5:42pm Apr 14, 2011 5:42pm
Quoting availdollars
yay hit target 30k profit !!
29.5k to be exact
To Your Success!!
  • #421,911
  • Apr 14, 2011 5:43pm Apr 14, 2011 5:43pm
quite a neat little web page for basic chart patterns...

http://www.aboutcurrency.com/univers...patterns.shtml
  • #421,912
  • Apr 14, 2011 5:45pm Apr 14, 2011 5:45pm
Quoting FibbinArchie
yeah they're similar chart patterns, but seen them break in both directions in the past... don't you use period separators on your chart? easier to see if those patterns are taking place at similar times of the day...

incidentally by pattern, I meant is there a pattern to the times of night when trends and counter trends occur during asia?
Ah, hehe

Nope, nothing consistent, other then Asia absolutely loving the DPP. Even still, I have seen it respected, disrespected, and not touched.

The only thing consistent is there is around a 75-80% chance of the DPP being hit from daily open.

Problem with Asia, it's so low volume, you never know who is manipulating it and what their biased agenda is.
  • #421,913
  • Apr 14, 2011 5:46pm Apr 14, 2011 5:46pm
EURJPY has a bit more motion in it pips wisw today.....Asian session is nomrally very conservative / non-trend setting.

I like to try and use asia to setup my longer trades, buy early and when London New York start oscillating less likely to get stopped out by a spike.
  • #421,914
  • Apr 14, 2011 5:48pm Apr 14, 2011 5:48pm
Quoting Venice
Ah, hehe

Nope, nothing consistent, other then Asia absolutely loving the DPP. Even still, I have seen it respected, disrespected, and not touched.

The only thing consistent is there is around a 75-80% chance of the DPP being hit from daily open.

Problem with Asia, it's so low volume, you never know who is manipulating it and what their biased agenda is.
hmm, yeah good point about liquidity or rather lack of it, I saw last night dpp got respected pretty much to the pip...
  • #421,915
  • Apr 14, 2011 5:49pm Apr 14, 2011 5:49pm
Quoting Venice
Ah, hehe

Nope, nothing consistent, other then Asia absolutely loving the DPP. Even still, I have seen it respected, disrespected, and not touched.

The only thing consistent is there is around a 75-80% chance of the DPP being hit from daily open.

Problem with Asia, it's so low volume, you never know who is manipulating it and what their biased agenda is.
Oh, and Asia loves to do these fakeout's out of consolidation, like what just happened. That just reinforced my short bias a little more.
  • #421,916
  • Apr 14, 2011 5:52pm Apr 14, 2011 5:52pm
Quoting Venice
Oh, and Asia loves to do these fakeout's out of consolidation, like what just happened. That just reinforced my short bias a little more.
quite often it goes to within a few pips short or past the ny session low/high...
  • #421,917
  • Apr 14, 2011 5:53pm Apr 14, 2011 5:53pm
Longing AU from here, how you all coping?
  • #421,918
  • Apr 14, 2011 5:57pm Apr 14, 2011 5:57pm
Quoting Larseg
Longing AU from here, how you all coping?
haven't traded au for ages, yeah just about coping with the stress of these tight ranges...
  • #421,919
  • Apr 14, 2011 5:58pm Apr 14, 2011 5:58pm
Quoting Larseg
Longing AU from here, how you all coping?
Wanting to see a break of 4481.
  • #421,920
  • Apr 14, 2011 5:59pm Apr 14, 2011 5:59pm
Quoting FibbinArchie
haven't traded au for ages, yeah just about coping with the stress of these tight ranges...
Aussie is my arch enemy... I have a real hard time with it's PA for some reason... but can't stay away from it. I should have just joined in on the bandwagon of buy the aussie no matter what last month... lol.

Good news? Send it! Bulls all the way!
Bad news? No problem, we'll go down just to completely engulf upwards!

lol
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