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  • #437,041
  • May 5, 2011 10:06pm May 5, 2011 10:06pm
we already had b/o on the 4h when we closed below 4535... the h one needs 4506 close below... the next level below using b/o levels is 4387 below this looks rough..
those who can, do. those who cant, talk about those who can
  • #437,042
  • May 5, 2011 10:10pm May 5, 2011 10:10pm
market is driven by price and volume that drives that price, mark up thru a resistance level should lead to a low volume test of that resistance now support.

Breaks of a support level ( 1.4650 ) should lead to a no demand test of that resistance

As long as what you do works ... that is all that matters. i used advanced GET an EW software and it just reprinted over and over .... so if that cannot get it right how can a mere mortal

Quoting infinitus
with due respect: show me one method of TA which is not open to several interpretation.

And show me one method of TA that has an equal tight set of regulations than EW.

S/R does not give guideline for direction, EW does.

But each to his own.........
Blogging daily now at www.volume.zone
  • #437,043
  • May 5, 2011 10:12pm May 5, 2011 10:12pm
Quoting gatorinla
we already had b/o on the 4h when we closed below 4535... the h one needs 4506 close below... the next level below using b/o levels is 4387 below this looks rough..
That old pink line below current pa is exactly at 1.4506. and that dotted blue line further down (equally old) is the bottom of a 600 pip wide channel.
Attached Image
The Thief of Wall Street
  • #437,044
  • May 5, 2011 10:16pm May 5, 2011 10:16pm
My target is 1800. I have a long entry at $16xx, tomorrow might not see much movement for this pair.
  • #437,045
  • May 5, 2011 10:17pm May 5, 2011 10:17pm
See you down at 1.4400 later today folks...I'll be waiting
  • #437,046
  • May 5, 2011 10:21pm May 5, 2011 10:21pm
Quoting quyenpt84
My target is 1800. I have a long entry at $16xx, tomorrow might not see much movement for this pair.
I think its about time for me to quit trading.
The Thief of Wall Street
  • #437,047
  • May 5, 2011 10:21pm May 5, 2011 10:21pm
I wouldn't jump the gun on shorting just yet, could be a B of 4 in the making...
Attached Image (click to enlarge)
Click to Enlarge Name: euronfp.jpg Size: 236 KB
Don't have an ego. Always question yourself and your ability.
  • #437,048
  • May 5, 2011 10:21pm May 5, 2011 10:21pm
Quoting Chicky
I think its about time for me to quit trading.
lol, i looked at that comment with the same disbelief/disgust
Don't have an ego. Always question yourself and your ability.
  • #437,049
  • May 5, 2011 10:24pm May 5, 2011 10:24pm
Quoting quyenpt84
My target is 1800. I have a long entry at $16xx, tomorrow might not see much movement for this pair.
gold?
  • #437,050
  • May 5, 2011 10:30pm May 5, 2011 10:30pm
Quoting RamsesII
lol, i looked at that comment with the same disbelief/disgust
He is probably right, but maybe too early.

The red circle in this chart indicates bottom of a channel around 1.6000 and its upper boundary should be near 1.8000. But again, its too early.

ps - Oooooooooooooops Yes, he is talking about Gold not Euro/USD.
Attached Image
The Thief of Wall Street
  • #437,051
  • May 5, 2011 10:43pm May 5, 2011 10:43pm
Quoting malcolmb14
Johnny there is a level in there that you should add.... 1,4625 lol
Hey Malcolmb - are you serious? Just because it went down 30pips from current high? U can't be serious dude. I have 2 longs @ 10eur a lot so far - one at 1.4525, other one at 1.4575. If this doesn't take out 1.4509, I'm sticking with my plan. If not - what the heck - I can still open another 3998 lots to counter-trade it. Some of you guys are real whips here. Instead of kindly helping to as much people as possible and discussing you are just ironically laughing and making fun of newbies and dissing everybody who is willing to put out a trade plan...
  • #437,052
  • May 5, 2011 10:47pm May 5, 2011 10:47pm
Quoting Chicky
I think its about time for me to quit trading.
  • #437,053
  • May 5, 2011 10:59pm May 5, 2011 10:59pm
Quoting johnnyrei
Hey Malcolmb - are you serious? Just because it went down 30pips from current high? U can't be serious dude. I have 2 longs @ 10eur a lot so far - one at 1.4525, other one at 1.4575. If this doesn't take out 1.4509, I'm sticking with my plan. If not - what the heck - I can still open another 3998 lots to counter-trade it. Some of you guys are real whips here. Instead of kindly helping to as much people as possible and discussing you are just ironically laughing and making fun of newbies and dissing everybody who is willing to put out a trade...
Just checked your plan, I am one of those whippers you mentioned though. It did happen, I think in October 2009. It came down to 1.4500 without touching 1.5000 and then next month went beyond 1.5000. But again came down to this current level and again went beyond 1.5100 before finally dropping to below 1.2000. But all this tells me it does not like to stay much above 1.5000.

I am not saying your plan has any issues, but its just my opinion about how this pair behaved in the recent past.

ps - Whipping will continue, we also got whipped not so long ago.
The Thief of Wall Street
  • #437,054
  • May 5, 2011 11:00pm May 5, 2011 11:00pm
Well hi all!

Here was my day for today for the euro :-) Went pretty well.

The little red or green dots are where the sells and buys exited, respectively.
Attached Image (click to enlarge)
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  • #437,055
  • May 5, 2011 11:01pm May 5, 2011 11:01pm
morning...
Look Sharp/Trade Tight
  • #437,056
  • May 5, 2011 11:02pm May 5, 2011 11:02pm
gbp closed with a daily b.o close.. that's the good news. the bad is its just 9 pips above the next s/r. next oil target is 95.76
those who can, do. those who cant, talk about those who can
  • #437,057
  • May 5, 2011 11:03pm May 5, 2011 11:03pm
Quoting PayTheLimit
morning...
Go back if you have 10+ vouches, they are being whipped.
The Thief of Wall Street
  • #437,058
  • May 5, 2011 11:04pm May 5, 2011 11:04pm
Quoting Chicky
Whipping will continue, we also got whipped not so long ago.
I was due to get whipped last night, but I told her I was too busy trading......sigh......it's a tough life this trading business
Doing what you like is Freedom. Liking what you do is Happiness.
  • #437,059
  • May 5, 2011 11:06pm May 5, 2011 11:06pm
Quoting Chicky
Go back if you have 10+ vouches, they are being whipped.
who is doing the wipping?
Look Sharp/Trade Tight
  • #437,060
  • May 5, 2011 11:06pm May 5, 2011 11:06pm
If today NFP favour the dollar, we pretty much getting a reversal here... Massive sell off on commodity, gas drop below $100. This is madness...
Make it rain baby
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