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  • #427,781
  • Apr 25, 2011 9:05am Apr 25, 2011 9:05am
Quoting Piters
the patterns are life forms, yuo have to follow and pay close attention as they morph as Price Action goes. Descending triangle can very easy be a falling wedge.. 2 very opposite formations. If you draw your Lower Trend line you'll see that that pattern connecting 3 lows gives you a falling wedge, or bull flag.. Very Bullish scenario..
totally agree on the possible bull flag...that's why i'm watching the blue line. Bounce or break with a lot of compression.
  • #427,782
  • Apr 25, 2011 9:06am Apr 25, 2011 9:06am
Quoting ForexTreeGuy
today is perfect for it too
Yep. Given the consensus of friday at around .4556 as the mid of the range, we got some 40p to the upside and some 35p to the downside.
I really not expect it to break either Resistance nor Support, just making the best out of that predictable nonsense .
  • #427,783
  • Apr 25, 2011 9:06am Apr 25, 2011 9:06am
Quoting Piters
the patterns are life forms, yuo have to follow and pay close attention as they morph as Price Action goes. Descending triangle can very easy be a falling wedge.. 2 very opposite formations. If you draw your Lower Trend line you'll see that that pattern connecting 3 lows gives you a falling wedge, or bull flag.. Very Bullish scenario..
indeed.. price action a reversal doji on m15 bullish imo
  • #427,784
  • Apr 25, 2011 9:17am Apr 25, 2011 9:17am
Quoting behman8850
Hi Kill , What kind of EA you have that on your chart? Is it good?
bomi
its not an EA its indicator and i will post all the indis @ the grave yard in a few

http://www.forexfactory.com/showthread.php?t=246111
  • #427,785
  • Apr 25, 2011 9:28am Apr 25, 2011 9:28am
stuck for today?
would-be london session is over, profit taking took place, anything more to expect in the next 4hrs?
net change 10p and only slightly bullish hints, hmm.

time for a coffee.
  • #427,786
  • Apr 25, 2011 9:46am Apr 25, 2011 9:46am
Silver PA is still dominating the market's daily PA, I'll short e/u if silver went below 47.
  • #427,787
  • Apr 25, 2011 9:51am Apr 25, 2011 9:51am
I could be very wrong but GU sends out bearish signals for me, which could be projected on EU since both of them rose together lately.
But dont take that for granted, just a thought.
  • #427,788
  • Apr 25, 2011 9:57am Apr 25, 2011 9:57am
Quoting Venice
Yup. I'm curious why there is so much protection of this level to the south side. Hit multiple times now without a budge. There should be some pretty yummy stops building below it... but of course we actually need to pierce lower to hit them.
Me too buddy ,

Just my humble opinion ,but lots of size traded at around 1.4500.
And 4400.
Not last week but the week before.
I felt there was profit taking at 1.4500 causing the bounces off the level.
The pins on 4hr t/f that week were topping at 4520.

Then came the negative s&p outlook .

Which messed things up a bit as I was anticipating reloading around 4250 ish but on bounces there not a blast through lol.

For now a break below 4480 and i can go back to my view they will be reloading approaching 4250 zone. play this range again for a while.

If we stay above 4520 zone ,then its a more aggressive bull move than expected and maybe this zone is being used to reload although i havent been monitoring so have not seen any big size traded here yet.

For now just identify were the top and bottom of the 30/40 pip legs are and watch the 50% zone for entry exit decisions .
Keeping vigilant for a bull and bear with same size legs as reveral sign.
Two 40 ish legs then trade the 50% of last leg.
making green pips large and red pips small this is my goal.
  • #427,789
  • Apr 25, 2011 10:01am Apr 25, 2011 10:01am
Ok so I made 5k for last two consecutive weeks, so now this week all I need to make is 10k and than my college tuition and boarding for next four months is set. 12 more hours to go before the EU market opens, lets prepare, lets go and make this money and invest in secure smooth four months of quality education. Lets do it. All the best everyone.
  • #427,790
  • Apr 25, 2011 10:02am Apr 25, 2011 10:02am
Quoting Pipwanderer
l 1.4550 stop 10 pips
took profit @ 80
  • #427,791
  • Apr 25, 2011 10:06am Apr 25, 2011 10:06am
Quoting Purple
Ok so I made 5k for last two consecutive weeks, so now this week all I need to make is 10k and than my college tuition and boarding for next four months is set. 12 more hours to go before the EU market opens, lets prepare, lets go and make this money and invest in secure smooth four months of quality education. Lets do it. All the best everyone.
wish u all the luck and hope u will make it soon
  • #427,792
  • Edited 10:19am Apr 25, 2011 10:09am | Edited 10:19am
Both similar & trying best to cope with the crisis , eu to break down & usdx to up but only to win & likely usdx bear success today or tomorrow very unwanted though on all sides , a quinine to swallow. and not possible both break to the same side down .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu3.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #427,793
  • Apr 25, 2011 10:10am Apr 25, 2011 10:10am
Quoting Purple
Ok so I made 5k for last two consecutive weeks, so now this week all I need to make is 10k and than my college tuition and boarding for next four months is set. 12 more hours to go before the EU market opens, lets prepare, lets go and make this money and invest in secure smooth four months of quality education. Lets do it. All the best everyone.
Hero calls followed by margin calls...
  • #427,794
  • Apr 25, 2011 10:27am Apr 25, 2011 10:27am
Wow...had a crazy dream I closed out long term PM trades at a broker last night, just short of silver $50...after silver flipped the shit and rose $3 in a couple of hours. Then I woke up...and it turns out I wasn't dreaming! Holy shiz...what a trade! If I could go back, I would... ... Actually, I wouldn't change a thing!

Have made withdrawals from the account over the last couple years to pay for three of these...and two of these. Just completed withdrawal paperwork with the broker for the lot. Hope to fak they come good. But, even if they didn't, the physical bought so far from the trades would cover everything I was looking to do...and then some.

Still holding substantial metal positions with another broker and will continue to BTFD if/when they occur. I just had a long term plan to close positions at this broker whenever silver hit $50...plan the trade, trade the plan!

Metals have obviously gone a little berserk for some to handle. Some say bubble, blah, blah, blah. You know all those fakkers on TV...I'm Crazy Larry, and I want to buy your gold!? Pawnshops and others with signs...We Buy Gold!? When all those fakkers change their pitch to...We SELL Gold...run for the exit. I have no idea when that will come. Obviously won't be the only indication, but will give a strong hint.

Watch out for this shite, too...
Four Scary Words: "Silver Delivery Not Possible"

I've never played "pools" like that, but I would say that could cause a few hiccups ahead, too. I've always taken delivery immediately. Haven't bought any physical in a while, so don't know what wait times are like. I did have to wait over a month for the last box of Philharmonics, but no biggie. I will NEVER sell the physical. I don't care if price goes to $4 tomorrow. My net, per ounce, price is pretty sweet and I would actually be surprised to see it hit again in my lifetime. Anyway...

This has proven to be the trade of my life, so far. Here's to many more!
  • #427,795
  • Apr 25, 2011 10:30am Apr 25, 2011 10:30am
Quoting Purple
12 more hours to go before the EU market opens, lets prepare, lets go and make this money and invest in secure smooth four months of quality education. Lets do it. All the best everyone.
Great investment!

Good luck, my friend.
  • #427,796
  • Apr 25, 2011 10:40am Apr 25, 2011 10:40am
Anyone else seeing a rising wedge'ish formation on the daily?

Edit. Eh, I guess it's more of a triangle.
  • #427,797
  • Apr 25, 2011 10:52am Apr 25, 2011 10:52am
Metals, metals, metals...

Apmex Out Of Silver Eagles Until May 13
  • #427,798
  • Apr 25, 2011 10:54am Apr 25, 2011 10:54am
Quoting Venice
Anyone else seeing a rising wedge'ish formation on the daily?

Edit. Eh, I guess it's more of a triangle.
Hmmmmmm...

Got chart brother?
  • #427,799
  • Apr 25, 2011 11:00am Apr 25, 2011 11:00am
Quoting kenfen69
Hmmmmmm...

Got chart brother?
Nope. At work good ol finviz.com
  • #427,800
  • Apr 25, 2011 11:12am Apr 25, 2011 11:12am
Quoting Venice
Nope. At work good ol finviz.com
Oh yeah...mush, mush, mush!

Not too sure what to make of the daily. Will probably give it a few days to assess, because of limited activity Friday and today.
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