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EURUSD

  • #443,961
  • May 18, 2011 4:02am May 18, 2011 4:02am
in thsi 1h chart i can only see rejection at 23.6 the white line is the 1200ema and the red dotted line is 200ema ... we r gettin a lot of obstacles to break thru.. also at resistance from may 12 ... id say short looks more appealing now..
Attached Image (click to enlarge)
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  • #443,962
  • May 18, 2011 4:03am May 18, 2011 4:03am
Quoting johnnyrei
Does he mean his wife?
he does
Hero calls followed by margin calls...
  • #443,963
  • May 18, 2011 4:03am May 18, 2011 4:03am
Quoting forexjam1
in thsi 1h chart i can only see rejection at 23.6 the white line is the 1200ema and the red dotted line is 200ema ... we r gettin a lot of obstacles to break thru.. also at resistance from may 12 ... id say short looks more appealing now..

Can you snapshot 2nd level orders from MBT please
  • #443,964
  • May 18, 2011 4:04am May 18, 2011 4:04am
GBPUSD hit 1.6188
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  • #443,965
  • May 18, 2011 4:04am May 18, 2011 4:04am
Quoting PhAnTi'
he does

Hehe, I liked that you bothered answer

xoxo
  • #443,966
  • May 18, 2011 4:05am May 18, 2011 4:05am
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  • #443,967
  • May 18, 2011 4:05am May 18, 2011 4:05am
Quoting johnnyrei
Does he mean his wife?
LOL
  • #443,968
  • May 18, 2011 4:06am May 18, 2011 4:06am
Quoting RandomGamble
LOL
^^
Hero calls followed by margin calls...
  • #443,969
  • May 18, 2011 4:08am May 18, 2011 4:08am
Quoting Larseg
Can you snapshot 2nd level orders from MBT please
i dont know what u mean .. lol..
  • #443,970
  • May 18, 2011 4:12am May 18, 2011 4:12am
1-week Euribor Interest rate fixes at 1.184% vs. Prev. 1.179%
3-month Euribor Interest rate fixes at 1.431% vs. Prev. 1.428%
6-month Euribor Interest rate fixes at 1.713% vs. Prev. 1.71%

Can anyone explain the possible consequences of those changes?
Price = the amount a greater fool is willing to pay!
  • #443,971
  • May 18, 2011 4:13am May 18, 2011 4:13am
Quoting johnnyrei
i couldnt look at this if i was hung over... lolol..
  • #443,972
  • May 18, 2011 4:15am May 18, 2011 4:15am
Quoting PhAnTi'
well a tl is supposed to connect tops and bottoms....but nothing in between to get a correct tl

a lot of traders fix a TL as long as it looks like a perfect S+R line,but dont consider tops and bottoms ... ----> wont work
This is my trading style:

Tops and lows don't matter. Price shot up or down, was rejected, and closed below or above. Nothing happened.
Only tops and lows of top/bottom swing candles count. Swing candles are candles that closed above/below the Close Price of previous candles. Not above/below highs or lows of previous candles.

If you draw trendline that looks like perfect s+r line - well, that's a perfect trendline.

Before, I was drawing s/r line like you, and was fooled by it may times. After I changed that, I've started getting correct PA reactions.

Try it for yourself.
  • #443,973
  • May 18, 2011 4:17am May 18, 2011 4:17am
AUD moving towards support...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #443,974
  • May 18, 2011 4:18am May 18, 2011 4:18am
Quoting forexjam1
i dont know what u mean .. lol..

Thats ok,

As with stocks, you can see (since MBT is a ECN re-quoter from many banks) the limit orders for those banks... above and below current level...
Im more interested in the volume for movement rather than more buyers than sellers...

Doesnt matter ,just for personal interest sake.


short
  • #443,975
  • May 18, 2011 4:22am May 18, 2011 4:22am
Quoting T.E.Lawrence
This is my trading style:

Tops and lows don't matter. Price shot up or down, was rejected, and closed below or above. Nothing happened.
Only tops and lows of top/bottom swing candles count. Swing candles are candles that closed above/below the Close Price of previous candles. Not above/below highs or lows of previous candles.

If you draw trendline that looks like perfect s+r line - well, that's a perfect trendline.

Before, I was drawing s/r line like you, and was fooled by it may times. After I changed that, I've started getting correct PA reactions.

Try...
Small example from now, 15m chart:

Attached Image (click to enlarge)
Click to Enlarge Name: m15.png Size: 49 KB


It doesn't even matter if there are other candles above/below your s/r lines. It doesn't mean that level has been broken. Price went above/below and than back into the range.
See how PA respects that lines, even when you would say they are not valid now, because some candles broke above/below, and the lows and highs are not included as well?

That's why it is important to never assume that range has been broken / made invalid, just because PA shot above or below S/R lines.

With some experience, you'll get it. You will be able to filter out noise.
  • #443,976
  • May 18, 2011 4:23am May 18, 2011 4:23am
Quoting T.E.Lawrence
This is my trading style:

Tops and lows don't matter. Price shot up or down, was rejected, and closed below or above. Nothing happened.
Only tops and lows of top/bottom swing candles count. Swing candles are candles that closed above/below the Close Price of previous candles. Not above/below highs or lows of previous candles.

If you draw trendline that looks like perfect s+r line - well, that's a perfect trendline.

Before, I was drawing s/r line like you, and was fooled by it may times. After I changed that, I've started getting correct...
dont trade TLs at all :-P .... only watching for HH,HL,LH,LLs forming into demand/supply areas
Hero calls followed by margin calls...
  • #443,977
  • May 18, 2011 4:25am May 18, 2011 4:25am
Quoting T.E.Lawrence
Small example from now, 15m chart:

Attachment

It doesn't even matter if there are other candles above/below your s/r lines. It doesn't mean that level have been broken. Price went above/below and than back into the range.
See how PA respects that lines, even when you would say they are not valid now, because some candles broke above/below, and the lows and highs are not included as well?

That's why it is important to never assume that range has been broken / made invalid, just because PA shot above or below S/R lines.
hey bro we are talking about Trendlines....no horizontal s+r ones
Hero calls followed by margin calls...
  • #443,978
  • May 18, 2011 4:26am May 18, 2011 4:26am
lol someone hit the pause button on euro
  • #443,979
  • May 18, 2011 4:26am May 18, 2011 4:26am
long scalping done as per , below 4234 will hit sl & short .lets see 4339 or near it may reach or not, h1 200ma to break before though .
fontu
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #443,980
  • May 18, 2011 4:27am May 18, 2011 4:27am
Quoting billymoney
lol someone hit the pause button on euro
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