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  • #433,641
  • May 3, 2011 4:25am May 3, 2011 4:25am
Quoting EdgarNg
Why so many fake outs? damn i lost today.
We're in a big range on the 4 hour chart Edgar, give it time we will break out of it today or tomorrow.
I operate with clear definite rules, if I break them I lose BIG!
  • #433,642
  • May 3, 2011 4:25am May 3, 2011 4:25am
bleh, it just can't figure out where it wanna go. I guess I'll stay out until NY.
  • #433,643
  • May 3, 2011 4:28am May 3, 2011 4:28am
Quoting fontu
may be but not know why & how do you see it with this picture , not whole but a part of the whole ,it itself is bull if not failedd allegedly most probable at top only .just checking it , otherwise anything can happen at this time now-a-days .
fontu
Coz there is some clear reversal candles forming at a point of resistance, that and a fat stack of large sell orders were hitting the market at the time, either way I always cover myself (not so much in this screenshot, but to illustrate a point)
Attached Image
  • #433,644
  • May 3, 2011 4:29am May 3, 2011 4:29am
Quoting Icannaesee
We're in a big range on the 4 hour chart Edgar, give it time we will break out of it today or tomorrow.


what is the range? from where to where? all i see is faked a break out and hit a resistance not far away and the price are really choppy not knowing where to go, worst environment to trade in?
  • #433,645
  • May 3, 2011 4:30am May 3, 2011 4:30am
Quoting wormboy
I see. Sorry misunderstood you there, I thought you were talking about the big ones.
Erm, can you please throw up a chart to illustrate what you mean by looking at the daily & the H4, because I don't know what you are looking at

see this chart ' its broken the upper TL in both h4 and daily also ' so we are not in the same trend any more ' as i mention this i am not suggesting its not uptrend ' but only reminding that we just broke into new ways ' i see it this way ' we have broken into old trend on the upside and now we should find the ranges playing on bigger tf ' i mean like weekly ones '
Attached Image (click to enlarge)
Click to Enlarge Name: 524.GIF Size: 38 KB
finding A M S
  • #433,646
  • May 3, 2011 4:33am May 3, 2011 4:33am
Quoting EdgarNg
what is the range? from where to where? all i see is faked a break out and hit a resistance not far away and the price are really choppy not knowing where to go, worst environment to trade in?
The range as I see it is here +/- some slippage

Attached Image (click to enlarge)
Click to Enlarge Name: 4hrrange.gif Size: 36 KB
I operate with clear definite rules, if I break them I lose BIG!
  • #433,647
  • May 3, 2011 4:34am May 3, 2011 4:34am
Quoting thelws
well, its easy to find out really. depending on where it finds resistance, we can come up with conclusions if it will continue up or down.

If it wants to go down, there should be lower highs. Simple as that. If we see that then we can be downward bias.
If we wanna see an increased likelihood of a break down, we need price to retest the bottom end. If it shoots up from here... say goodbye break down.
  • #433,648
  • May 3, 2011 4:35am May 3, 2011 4:35am
Quoting prashant7
see this chart ' its broken the upper TL in both h4 and daily also ' so we are not in the same trend any more ' as i mention this i am not suggesting its not uptrend ' but only reminding that we just broke into new ways ' i see it this way ' we have broken into old trend on the upside and now we should find the ranges playing on bigger tf ' i mean like weekly ones '
hi prashant ok this is new to me if it broke back into the old trend line does what does it mean, the candles look like its going to come down cause it cant go up, is the old trendline(upper and lower TL) invalidated or still in play
  • #433,649
  • May 3, 2011 4:35am May 3, 2011 4:35am
Quoting EdgarNg
what is the range? from where to where? all i see is faked a break out and hit a resistance not far away and the price are really choppy not knowing where to go, worst environment to trade in?
The range, theoritically is from 4770 to 4890. But in the end, its one of the worst days in forex I've seen lately.
  • #433,650
  • May 3, 2011 4:37am May 3, 2011 4:37am
Quoting FibbinArchie
day closed doji, not lookin' likely atm, I'm out, bbl (7 to 8 hours)...
Guten Morgen!

Exactly ... daily pattern is obvious ... gut beobachtet ...

May result in an engulfing ... bearish or bullish ... breakout pattern ... we will see ...

We tend to prefer a southwards move acceleration ...


I've got not much time atm ... phone calls swamps ... ohne Ende and other issues waiting for final solution ... disturbing that ... I did write that much earlier but was prevented from submission ...


Daily Trend => Neutral ... suggesting to look out for jolly good selling opportunities ... sell the rallies is our stance


3 Day Trend => Neutral ... suggesting to be prepaired for consolidative actions and range trading activities ...


Weekly Trend => Positive ... suggesting to look out for buying after corrective dips



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-05-03_10h30_ EURUSD _ min090 _ (100) candle + TL + TC + PP.PNG Size: 25 KB
Click to Enlarge Name: 2011-05-03_00h00 - Pivots + ZigZag A-B-C LEVELS _ EURUSD _ Rollover Open _ W-18.PNG Size: 116 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #433,651
  • May 3, 2011 4:37am May 3, 2011 4:37am
Quoting Icannaesee
The range as I see it is here +/- some slippage

Attachment

hi nice chart that was the old range not a new one and yes the slippage was the one that hurts most of our account today . fake break brokers/bank aint going to make it easy for the retailers i guess.
  • #433,652
  • May 3, 2011 4:39am May 3, 2011 4:39am
Quoting skris
Coz there is some clear reversal candles forming at a point of resistance, that and a fat stack of large sell orders were hitting the market at the time, either way I always cover myself (not so much in this screenshot, but to illustrate a point)
what broker is that order book from? You may PM it if you want to.

Thanks!
Trends, breakouts, price action.
  • #433,653
  • May 3, 2011 4:39am May 3, 2011 4:39am
Quoting skris
Coz there is some clear reversal candles forming at a point of resistance, that and a fat stack of large sell orders were hitting the market at the time, either way I always cover myself (not so much in this screenshot, but to illustrate a point)
Hi mate,
From what broker I can have this kind of information ( order flow) ?

Cheers,
Seb
  • #433,654
  • May 3, 2011 4:41am May 3, 2011 4:41am
Quoting LarryDarrell
@mercy_seat:

Hallo,

did you maybe post a guide to this table a while ago? I can identify some of the content of course, but don't see how you arrive at your strategy. I'd like to learn a bit by going through the underlying thought-process.

Gruesse,

LD
Yes ... I did so ... more than 14 hours ago ... check your PM-Box please ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #433,655
  • May 3, 2011 4:43am May 3, 2011 4:43am
Quoting EdgarNg
hi prashant ok this is new to me if it broke back into the old trend line does what does it mean, the candles look like its going to come down cause it cant go up, is the old trendline(upper and lower TL) invalidated or still in play

IT means the old resistance TL ( upper TL ) becomes support for quite a bit of time ' and PA will no more follow the pattern of old trends ' but Price action may range in big time frames ' for a rejection and then a new trend may start ' or there might be a retracements also '
finding A M S
  • #433,656
  • May 3, 2011 4:44am May 3, 2011 4:44am
Quoting aizazk
what broker is that order book from? You may PM it if you want to.

Thanks!
Interactive Brokers w Ninja Trader, can't go wrong
  • #433,657
  • May 3, 2011 4:45am May 3, 2011 4:45am
Quoting mercy seat
Yes ... I did so ... more than 14 hours ago ... check your PM-Box please ...


;-|
Hi mercy seat,

Interesting table. Would like to learn more about it. Can you share with me? You can PM me.

Thanks.
  • #433,658
  • May 3, 2011 4:46am May 3, 2011 4:46am
Quoting mercy seat
Guten Morgen!

Exactly ... daily pattern is obvious ... gut beobachtet ...

May result in an engulfing ... bearish or bullish ... breakout pattern ... we will see ...

We tend to prefer a southwards move acceleration ...


I've got not much time atm ... phone calls swamps ... ohne Ende and other issues waiting for final solution ... disturbing that ... I did write that much earlier but was prevented from submission ...


Daily Trend => Neutral ... suggesting to look out for jolly good selling opportunities ... sell the rallies is our stance


3...
Hi "mercy seat

Can I ask about it? How can I find it?

Thank you.
We are here to help each other... We Learn Forex Together!
  • #433,659
  • May 3, 2011 4:51am May 3, 2011 4:51am
Quoting T@rantula
Hello guys . I longed EU @ 4822 s/l 4790. TP is 4880
Schade ... but does not matter ... as you are mostly right ... that's for sure ... next time better again ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #433,660
  • May 3, 2011 4:53am May 3, 2011 4:53am
Quoting skris
Coz there is some clear reversal candles forming at a point of resistance, that and a fat stack of large sell orders were hitting the market at the time, either way I always cover myself (not so much in this screenshot, but to illustrate a point)
Ok , retest was likely not then end of the mini bull though yet before breaks the range & hold . fast scalping need no bull bear perhaps to do ,can be placed any time any place & any direction & for any pips .
good see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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