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  • #438,961
  • May 10, 2011 4:30am May 10, 2011 4:30am
hi all

i need help with this chart if u know any indis in it plz post at the grave yard thanks
http://www.forexfactory.com/showthre...=1#post4606551
Attached Image (click to enlarge)
Click to Enlarge Name: pc60m.gif Size: 134 KB
  • #438,962
  • May 10, 2011 4:35am May 10, 2011 4:35am
Very important level is 4380. As long as EU is below we can see downside pressure.
  • #438,963
  • May 10, 2011 4:36am May 10, 2011 4:36am
Rumour asians buyers at the highs ,but i dont see any evidence to back that rumour .
Just in case you heard the rumour buddies.
making green pips large and red pips small this is my goal.
  • #438,964
  • May 10, 2011 4:37am May 10, 2011 4:37am
Quoting vlady1974
Hey Cap......
Sorry, I wrote that wrong... I've got 4380 to the upside, and 4287 to the downside. I have 4313 as a minor level. I'm not as familiar with Murrey Math levels, though I do have them on my M15 TF... just out of interest. Most of my trigger levels are based on M30 s/r levels, which usually line up with the 20 pip interval average Cloggie was talking about. I use the M30 as the trigger, and enter based on the PA of the M15 & M5.

4380 is proving quite stubborn. Don't know if she has the mojo to break that before NY. I guess it doesn't matter what approach we use as long as we've tested it and feel comfortable with the probabilities... so many ways to skin a cat.
A confirmed break below 4350 then I'll be targeting 4329. Let's see... PA will show us the way.
What we obtain too cheap, we esteem too lightly.
  • #438,965
  • May 10, 2011 4:39am May 10, 2011 4:39am
Quoting Gleneagles
I will close a trade if I get opposite trade signal (stop & reverse). I do use a fixed SL based on ATR in case of a nasty surprise. Using 25 pips today.
The drawdown was around 16 pips on the trade if we are looking at the same one.
I had been using a fixed stoploss of 8 pips on your system (20-12=8 or 2x buffer), probably too tight.

What determines your trade signal, please? Do you always stop and reverse?
  • #438,966
  • May 10, 2011 4:42am May 10, 2011 4:42am
Quoting T@rantula
Very important level is 4380. As long as EU is below we can see downside pressure.
Hmm ... possibly you mean on an hourly closing basis ?


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #438,967
  • May 10, 2011 4:42am May 10, 2011 4:42am
Quoting T@rantula
Very important level is 4380. As long as EU is below we can see downside pressure.

H3 on daily cam's above or below
  • #438,968
  • May 10, 2011 4:46am May 10, 2011 4:46am
Quoting kill56
u will find it here
Hello Kill, are you using 1/8 ths in that study or other sequence???

Like your chart with the intermediar levels... Looks like mine.
  • #438,969
  • May 10, 2011 4:47am May 10, 2011 4:47am
1 hour chart respecting trendline
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1 hour trendline.jpg Size: 94 KB
  • #438,970
  • Edited 10:54am May 10, 2011 4:50am | Edited 10:54am
Yes,
I have moved my open order at 4385 (my 1.4380 was nearly triggered at 1 tick close)
Other level to watch are 1.4365 (minor Res) and 1.4325 (minor support)
Won't be trading within the range 1.4325 - 1.4380.


Quoting T@rantula
Very important level is 4380. As long as EU is below we can see downside pressure.
  • #438,971
  • May 10, 2011 4:50am May 10, 2011 4:50am
Quoting ikdenk
I had been using a fixed stoploss of 8 pips on your system (20-12=8 or 2x buffer), probably too tight.

What determines your trade signal, please? Do you always stop and reverse?
The beats or harmonic vibrations average around 20 pips, using a SL smaller than 20 is too tight most of the time.

Yes, I always stop and reverse on opposite signal.

I trade mainly from PA and price patterns but you can probably use any trigger (indi) to pick the trend. The main driver is PA around the levels formed by the beats, once you have a feeling for that the rest is just secondary.
" Never let the past hold the future to ransom "
  • #438,972
  • May 10, 2011 4:51am May 10, 2011 4:51am
Quoting mercy seat
Hmm ... possibly you mean on an hourly closing basis ?



Schaun wir mal ...



;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-05-10_11h45_ EURUSD _ min060 _ (150) candle + TL + TC + PP.PNG Size: 33 KB
Click to Enlarge Name: 2011-05-10_11h45_ EURUSD _ min060 _ (200) candle + TL + TC + PP.PNG Size: 38 KB
Click to Enlarge Name: 2011-05-10_00h00 - Simplified Strategy Survey + Key Turning Points _ EURUSD.PNG Size: 132 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #438,973
  • May 10, 2011 4:57am May 10, 2011 4:57am
Quoting Barata
Hello Kill, are you using 1/8 ths in that study or other sequence???

Like your chart with the intermediar levels... Looks like mine.

yes sir and u can find it @ the grave yard

levels x8 white
  • #438,974
  • May 10, 2011 5:01am May 10, 2011 5:01am
A confirmed break below 4350 then I'll be targeting 4329. Let's see... PA will show us the way. [/quote]

All targets hit. Rinse & repeat. Flat now looking for next play.

Looking for confirmed break of 4329 to go short.
What we obtain too cheap, we esteem too lightly.
  • #438,975
  • May 10, 2011 5:01am May 10, 2011 5:01am
Quoting hindustani
i hate that cci , its not in the correct place to hold longs, so i will sit on the fence and watch ......... errrr ............

http://www.youtube.com/watch?v=qnRoEJFETyI
i still think beach volley is better, 4374 kicked ass once again as expected.
  • #438,976
  • May 10, 2011 5:03am May 10, 2011 5:03am
Buy at 1.4330
tp1: 1.4750
tp2:1.4925
Attached Image (click to enlarge)
Click to Enlarge Name: asd2.gif Size: 21 KB
  • #438,977
  • May 10, 2011 5:03am May 10, 2011 5:03am
Quoting hindustani
i still think beach volley is better, 4374 kicked ass once again as expected.
1 hour to go before we see some constructive trading ..........
  • #438,978
  • May 10, 2011 5:06am May 10, 2011 5:06am
Quoting Gleneagles
The beats or harmonic vibrations average around 20 pips, using a SL smaller than 20 is too tight most of the time.

Yes, I always stop and reverse on opposite signal.

I trade mainly from PA and price patterns but you can probably use any trigger (indi) to pick the trend. The main driver is PA around the levels formed by the beats, once you have a feeling for that the rest is just secondary.

Thank you, your help is much appreciated here by quite a few people! Please keep up the good work.
  • #438,979
  • May 10, 2011 5:07am May 10, 2011 5:07am
Quoting hindustani
1 hour to go before we see some constructive trading ..........
my guess it will spike down to begin a new 4 hour candle n then try to hammer 4374 with viagra overdose.
  • #438,980
  • May 10, 2011 5:10am May 10, 2011 5:10am
Yes, it looks like it is heading that way. May be we will have a retest of 1.4274?

Quoting hindustani
my guess it will spike down to begin a new 4 hour candle n then try to hammer 4374 with viagra overdose.
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