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  • #435,081
  • May 4, 2011 8:08am May 4, 2011 8:08am
Quoting T.E.Lawrence
Hmm....whenever BIS sells fiber, it immediately goes up....I thought these guys were pros.....well, looks like another great indicator.
yeah, dont follow BIS just blindly mate. when BIS sells, Doesnt means that the market would drop immediately. Many CB using BIS to sell/buy funds from...

So it is a good info. but not to base trades on..
  • #435,082
  • May 4, 2011 8:08am May 4, 2011 8:08am
Quoting RandomGamble
I have never ever said that i am here to teach others. If you look at my membership you will notice that i am a longstanding member. Been in this bussines for more that 10 years. I am succesfull and would certainly not hang around here for so long if i wasn't.

I just hate it when a fake comes along and treat members of this forum the way your friend does. I will keep on showing resistance to a man who's attitude and general manners is this bad.

He has chased a number of highly intelligent traders away because of his invasion of this thread....
Glad your here RG. good to have experienced traders on the thread, I appreciate those who have succeed and have the sense to keep their moral character in place... best wishes G
  • #435,083
  • May 4, 2011 8:09am May 4, 2011 8:09am
Quoting PipChick
It didnt make it to C. Trend is very strong at the moment. Price is testing the FE 61.8 on the H1 at the moment. If it gets thru that, look for the 78.6 next.
on what TF u draw fibo ? ;]
looking for investors . pm me
  • #435,084
  • May 4, 2011 8:09am May 4, 2011 8:09am
Quoting T.E.Lawrence
Finally we've escaped that range:

Attachment

Limits on my positions are set @1.5000
Unless you really have to be greedy, i would lower my TP by 10 pips. If i were a swing trader, 1.50 would make me a little nervous since we could be close to a temp top and the markets sometimes enjoy letting you wait for those perfect numbers.
  • #435,085
  • May 4, 2011 8:10am May 4, 2011 8:10am
Quoting kbmoonshinex
on what TF u draw fibo ? ;]
All timeframes have their own fibs and their own targets.
  • #435,086
  • May 4, 2011 8:10am May 4, 2011 8:10am
Quoting Aurele
I don't know how you guys trade breakouts, but I can't even make a single pip. Ever. Any advice ?
You can definitely distinguish between a fake out and a break out.

It is all in price action.

It is harder to explain without showing in real time. But the breakout feels something like this: (notice I used the word "feel" because it is often hard to precisely determine. There is a certain gut feel to it)
-Price will stick very closely to the breakout area. aka a lot of battles fought.
-The point just before it breaks out, you can feel price poking the other side like a nagging kid. It will poke and retrace very shortly and poke pokepooke. (lol don't know how to describe this any other way)
-It has to break out very strongly.
-It tends to maintain momentum for a long time. Mostly till the hour closes. Momentum is very important to determine if it is a breakout or not.
-Usually supported by some kind of fundamental news or event.

A fakeout:
-Does not maintain momentum. It breaks out and then quickly loses its power to go up.
-Usually does not have a huge battle before breaking out. Aka price doesn't stick at the edge long enough.
-Usually not backed by any solid fundamental.
  • #435,087
  • May 4, 2011 8:10am May 4, 2011 8:10am
Some point Dollar needs to strengthen so that all that EURO based gold will be worth a fortune.
  • #435,088
  • May 4, 2011 8:11am May 4, 2011 8:11am
Quoting T.E.Lawrence
You can't just trade breakouts - there's no way to differentiate between breakouts and fakeouts.
Indeed

Quoting FxPlayboy
If you're too afraid to buy straight @ breakout wait for a slight pullback.
Quoting TheSwede
Find the level see it pass through take the trade at the test of the SR.
Attachment
Ok I will try that next time
  • #435,089
  • May 4, 2011 8:12am May 4, 2011 8:12am
Quoting TIckerShuffl
Some point Dollar needs to strengthen so that all that EURO based gold will be worth a fortune.
I think dollar will need to get to 67.93 or lower and eu to 5294 before we see a significant dollar pullback.
  • #435,090
  • May 4, 2011 8:12am May 4, 2011 8:12am
Quoting kill56
like to share this it might not work
why not ? expecting it as pullback , 50% fib over 90 pips not bad perhaps though bull come out as very strong this time .may insist for the round # 4950 though .lets see , how far .thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #435,091
  • May 4, 2011 8:12am May 4, 2011 8:12am
38 50 if we break above 27 no break no shake lets see
  • #435,092
  • May 4, 2011 8:13am May 4, 2011 8:13am
Quoting Aurele
I don't know how you guys trade breakouts, but I can't even make a single pip. Ever. Any advice ?
Place ENTRY STOPS at convenient levels ... for today this has been at cross of beyond 1.4892 and 1.4904 ... but in case you would have read the TABLE ... then you would have had the chance to use 1.4793 and 1.4782 as an convenient entry via LIMIT ORDER ...

Stop levels are those where others tend to place a stop loss ...

Try it out ... easy peasy ... a lot of money can be made within short time by using this method ...

Supposed to continue towards 1.4953/ 59 area ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #435,093
  • May 4, 2011 8:14am May 4, 2011 8:14am
Quoting fontu
why not ? expecting it as pullback , 50% fib over 90 pips not bad perhaps though bull come out as very strong this time .lets see , how far .thanks ,
fontu
we are above 150pips today we might fiber loves the %50
  • #435,094
  • May 4, 2011 8:15am May 4, 2011 8:15am
Quoting TIckerShuffl
Some point Dollar needs to strengthen so that all that EURO based gold will be worth a fortune.
Agree more expensive for US but not much cheaper for Europeans. Gold has risen faster in price than dollar has dropped overall.
  • #435,095
  • May 4, 2011 8:16am May 4, 2011 8:16am
Quoting PhAnTi'


do the google for average true range ...thats a start
Brilliant. Thanks for the tip.

By the way, does ATR ever get extended? Oh no, how can ATR get extended.

How could I forget no point in posting here.
  • #435,096
  • May 4, 2011 8:18am May 4, 2011 8:18am
Are we going to get a dip to 4889 before another leg up? That would be nice.
  • #435,097
  • May 4, 2011 8:18am May 4, 2011 8:18am
Quoting neo1599
Brilliant. Thanks for the tip.

By the way, does ATR ever get extended? Oh no, how can ATR get extended.

How could I forget no point in posting here.
take it or shake it. its up to you.

in my hence opinion atr indicator is a helpful one.

cheers.
Hero calls followed by margin calls...
  • #435,098
  • May 4, 2011 8:19am May 4, 2011 8:19am
buy limit 4901.

off.

see ya tomorow.
Hero calls followed by margin calls...
  • #435,099
  • May 4, 2011 8:19am May 4, 2011 8:19am
Quoting PipChick
I think dollar will need to get to 67.93 or lower and eu to 5294 before we see a significant dollar pullback.
that is far away & very tough direct for usdx , time is bad for it but still not that far , need more time & actions to fail for more fire at the tail.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #435,100
  • May 4, 2011 8:20am May 4, 2011 8:20am
Quoting thelws
You can definitely distinguish between a fake out and a break out.

It is all in price action.

It is harder to explain without showing in real time. But the breakout...
This battle thing is what I also use in my trading - many traders, I think, take it as a sign of exhaustion, when it is not.
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