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EURUSD

  • #445,101
  • May 19, 2011 8:48am May 19, 2011 8:48am
Quoting stubbys
What are all the circles about?? Never seen that before

The circles are just a different way at looking at points that line up along a boundary. Not all trendlines can be straight, you can have curved ones as well too. The reason for using circles along with straight lines is that many times false breaks of a straight trendline occurs and if you draw a circle along with your normal straight trendline, you can catch these false breaks.
  • #445,102
  • May 19, 2011 8:50am May 19, 2011 8:50am
I see the eur is heading up, it just absorbs the bad news (good for us) with slight decline & revers.
  • #445,103
  • May 19, 2011 8:50am May 19, 2011 8:50am
Quoting Gleneagles
+84 ( 7 X 12 )

+16%

MTD +935

+107.4%

Compounding factor 1.9 used today.

PA is getting quite messy and no clear patterns to trade since NY opened.
Standing aside for the day.
When LDN close I may post a few screenshots of the price patterns that could be traded today.

That would be appreciated. I would like to learn your entry points.
  • #445,104
  • May 19, 2011 8:52am May 19, 2011 8:52am
Thank you Kambooj


Quoting Kambooj
The circles are just a different way at looking at points that line up along a boundary. Not all trendlines can be straight, you can have curved ones as well too. The reason for using circles along with straight lines is that many times false breaks of a straight trendline occurs and if you draw a circle along with your normal straight trendline, you can catch these false breaks.
  • #445,105
  • May 19, 2011 8:54am May 19, 2011 8:54am
Quoting Kambooj
I draw circles on many time frames, but for entry and exit I usually draw them on M15 or M5. You can use any tool to draw circles. I use NetDanias Chart, and use the Fibonacci Arc tool, but I take the labels out
By preriods - I mean how many candles you have in one chart - it is in netdania "view" ---> "periods" toolbar. thx
  • #445,106
  • May 19, 2011 8:54am May 19, 2011 8:54am
RSI is king right now, much cleaner PA (if you can call it that) than price. Stuck in a channel on the hourly. Price is starting to look wedgy but still no clear direction at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: rsichan.PNG Size: 49 KB
Don't have an ego. Always question yourself and your ability.
  • #445,107
  • Edited 9:00am May 19, 2011 8:55am | Edited 9:00am
Quoting johnnyrei
...and by the way - that move from 148 to 33 was about biggest boys wanting to bankrupt arabic countries....
From Reuters:

The operating cost (stripping out capital expenditure) of
extracting a barrel in Saudi Arabia has been estimated to be
around $1-$2, and the total cost (including capital expenditure)
$4-$6 a barrel. (2008 data)

If your total cost is 4-6$ and you sell it for 33$ you ain't gonna go bankrupt. I, for one, would gladly do that trade if I was sitting on oil.
  • #445,108
  • May 19, 2011 8:55am May 19, 2011 8:55am
Quoting johnnyrei
By preriods - I mean how many candles you have in one chart - it is in netdania "view" ---> "periods" toolbar. thx
I set it at 1000, because I need to see as many spikes and points on a single time frame as possible.
  • #445,109
  • May 19, 2011 8:56am May 19, 2011 8:56am
Quoting paul1
the chicago fake

I always like it when Chicago get's a mention...the true trading capital of the world...
Look Sharp/Trade Tight
  • #445,110
  • May 19, 2011 8:57am May 19, 2011 8:57am
thank you all... here has been a nice place to have some fun and some good insights... thank you for all your posts!!!
  • #445,111
  • May 19, 2011 8:57am May 19, 2011 8:57am
Quoting zaphy
From Reuters:

The operating cost (stripping out capital expenditure) of
extracting a barrel in Saudi Arabia has been estimated to be
around $1-$2, and the total cost (including capital expenditure)
$4-$6 a barrel.

If your total cost is 4-6$ and you sell it for 33$ you ain't gonna go bankrupt. I, for one, would gladly do that trade if I was sitting on oil.
yes....but those Fcuks are greedy and another billion is what they require,....

as Gekko said...."because I can"
  • #445,112
  • May 19, 2011 8:59am May 19, 2011 8:59am
Quoting zaphy
From Reuters:

The operating cost (stripping out capital expenditure) of
extracting a barrel in Saudi Arabia has been estimated to be
around $1-$2, and the total cost (including capital expenditure)
$4-$6 a barrel.

If your total cost is 4-6$ and you sell it for 33$ you ain't gonna go bankrupt. I, for one, would gladly do that trade if I was sitting on oil.
I put it to you this way: If you are arabik sheik and your countrie is big oil exporter - and you see oil is skyrocketing - you sell your product (oil) at higher price ----> therefore you raise your expenses, living costs, you start building monstrous skyscrapers, buing fancy cars, horses for milions, etc. Then you see oil went from 145 to 33 and u f*** busted...
  • #445,113
  • May 19, 2011 9:00am May 19, 2011 9:00am
Quoting PayTheLimit
I always like it when Chicago get's a mention...the true trading capital of the world...
Thanks Paul for your insight.

What do you mean for Chicago?
  • #445,114
  • May 19, 2011 9:05am May 19, 2011 9:05am
How many minutes before new york does Chicago open?
  • #445,115
  • May 19, 2011 9:07am May 19, 2011 9:07am
Quoting Gleneagles
+84 ( 7 X 12 )

+16%

MTD +935

+107.4%

Compounding factor 1.9 used today.

PA is getting quite messy and no clear patterns to trade since NY opened.
Standing aside for the day.
When LDN close I may post a few screenshots of the price patterns that could be traded today.
you can say that again. one trade for -10

please do post your price patterns ... that would be much appreciated
  • #445,116
  • May 19, 2011 9:07am May 19, 2011 9:07am
I think it is about time to see the 1.4338 again
  • #445,117
  • May 19, 2011 9:08am May 19, 2011 9:08am
great day.... bought bottom to top, back down and now back up following the TL's on 1HR..



Quoting RamsesII
RSI is king right now, much cleaner PA (if you can call it that) than price. Stuck in a channel on the hourly. Price is starting to look wedgy but still no clear direction at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 49 KB
"Millionaires don't use astrology, billionaires do"
  • #445,118
  • May 19, 2011 9:08am May 19, 2011 9:08am
Quoting Kambooj
I set it at 1000, because I need to see as many spikes and points on a single time frame as possible.
thank you very much - will try to learn to apply this charting from now on - it's totally beautiful!
  • #445,119
  • May 19, 2011 9:09am May 19, 2011 9:09am
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Well this is not good enough is it!
  • #445,120
  • May 19, 2011 9:10am May 19, 2011 9:10am
So happy Cloggie isn't around. Hell would break loose!
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