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Price is everything

  • #18,041
  • Edited May 15, 2011 12:11am May 14, 2011 9:06pm | Edited May 15, 2011 12:11am
Here we go. Not the most professional, in the spirit of traders helping traders.

This is just a quick video of what a level looks like, I'm making part 2

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  • #18,042
  • May 14, 2011 11:58pm May 14, 2011 11:58pm
Here's part two and three, just very simple stuff

Inserted Video

Inserted Video
  • #18,043
  • May 15, 2011 8:28am May 15, 2011 8:28am
Quoting Ifmyante
You're looking for a rejection of where price had been strongly decided in the past to be too cheap or too expensive.

Here's my expln. of it. It works in all TFs

http://www.forexfactory.com/showpost...ostcount=92796
very good explain, thanks ..
  • #18,044
  • May 15, 2011 8:29am May 15, 2011 8:29am
EU..interesting level

If we scan weekly chart 4035 is key next week. It is the breakout zone and it should provide a significant resistance to the downside.
Will be cautiously bullish around this area
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  • #18,045
  • May 15, 2011 9:02am May 15, 2011 9:02am
USDX and loony


Loony playing the level to the dot.
A fakey on daily and a hammer weekly but a bullish daily macd
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  • #18,046
  • May 15, 2011 9:27am May 15, 2011 9:27am
Yen index and GJ..both are highly correlated as compared to other yen pairs.

Both of them sitting at a very very significant level.
If yen goes past 340..all hell will break loose.
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  • #18,047
  • May 15, 2011 9:50am May 15, 2011 9:50am
Quoting Myrza
Yen index and GJ..both are highly correlated as compared to other yen pairs.

Both of them sitting at a very very significant level.
If yen goes past 340..all hell will break loose.
They are inversely related, right?
  • #18,048
  • May 15, 2011 11:06am May 15, 2011 11:06am
Quoting 4xs
They are inversely related, right?


very...if you look at yen index and gj movement hour by hour.

gj just follow its movement inversely like it has no balls of its' own.
  • #18,049
  • May 15, 2011 11:49am May 15, 2011 11:49am
Quoting KennyZ
looking at the big picture with the spirit of Nostradamus
Very well done, interessting perspective i have to admit, these are the types of analysis/forecasts/predictions that i enjoy looking at. Thanks for the alternative perspective
  • #18,050
  • May 15, 2011 12:42pm May 15, 2011 12:42pm
Musings on S&P500
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  • #18,051
  • May 15, 2011 1:15pm May 15, 2011 1:15pm
Quoting redsword11
Attachment


if the demand level holds into wedge, very good RR for many scalps north into wedge, can play out for days


if demand gives way, likely to drop quite hard to lower part of pole



will be scalping this next week every bullish PA in that demand zone
A lot can happen on the lower TFs both with and against the action on the higher.

Long scalps with pa at the right level would be totally valid here.

On the HTFs though, watch out for the Monthly supply that price has entered, the strong bearish daily close on Friday, and the bearish Weekly and Daily divergence.
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  • #18,052
  • May 15, 2011 1:41pm May 15, 2011 1:41pm
Quoting Ifmyante
Musings on S&P500
SP500 suggests bullish euro right now =/ Oh this is weird because i don't see euro bullishness yet =/
  • #18,053
  • May 15, 2011 2:27pm May 15, 2011 2:27pm
Quoting Orbital
SP500 suggests bullish euro right now =/ Oh this is weird because i don't see euro bullishness yet =/
Well, look on the weekly at how many times the 1.4060 area resisted rallies. Why can't it support price now?

I'm absolutely not saying that it will. Just that it's a great area to do so



If
  • #18,054
  • May 15, 2011 3:07pm May 15, 2011 3:07pm
Hey team. What do you think about level #1. Does it look reliable watching for a sell pa


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  • #18,055
  • May 15, 2011 3:29pm May 15, 2011 3:29pm
Quoting Orbital
Im going to call something on eu right here right now:

Next week there is the distinct chance of this weekly bearish engulfing candle to be engulfed north again or at least produce a weekly bull bar of equal length. Im going to bookmark this post here of mine and will post it next friday no matter what happens.

This is what im playing at ^^
  • #18,056
  • May 15, 2011 3:43pm May 15, 2011 3:43pm
Quoting atton
Hey team. What do you think about level #1. Does it look reliable watching for a sell pa


Attachment
If it makes it back over 1.06, that's a pretty good place to look for PA.
If it then breaks down from there, keep an eye to the H4 channel forming
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  • #18,057
  • May 15, 2011 3:58pm May 15, 2011 3:58pm
Quoting Ifmyante
If it makes it back over 1.06, that's a pretty good place to look for PA.
If it then breaks down from there, keep an eye to the H4 channel forming

Thanks
  • #18,058
  • May 15, 2011 4:39pm May 15, 2011 4:39pm
Quoting ingmarforex
Yes i took a risk and it didnt work out As soon as 4307 was hit it invalidated the assessment

Will wait and see what happens this week
  • #18,059
  • May 15, 2011 7:39pm May 15, 2011 7:39pm
bought eu @ 1.40807 stopd @ 1.40590
  • #18,060
  • May 15, 2011 7:46pm May 15, 2011 7:46pm
Quoting redsword11
bought eu @ 1.40807 stopd @ 1.40590
I'm not brave enough to be going long yet, waiting for shorts at this area.

I plan on getting up at 5am if possible, work at 8 tomorrow morning
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