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  • #445,201
  • May 19, 2011 9:10am May 19, 2011 9:10am
Quoting AllyB
now i really got homework!

also found this website last week that i have been studying.

http://www.fxwords.com/c/continuatio...patterns-.html

  • #445,202
  • May 19, 2011 9:10am May 19, 2011 9:10am
Quoting Shigeru
Hi FxPlayboy,

Absolutely professional & readable chart! Well done!
Never thought someone will find my chart useful. Glad you like it.
Make it rain baby
  • #445,203
  • May 19, 2011 9:12am May 19, 2011 9:12am
The best PA/pattern trader I have seen is a lady trading from Singapore..part time.

No levels on chart ..just trades from PA and price patterns.

She earns $10K/month trading 5 minilots only, no compounding......

She is a trained graphic artist and can spot these patterns and levels without all the "extras" we lessor mortals need.
" Never let the past hold the future to ransom "
  • #445,204
  • May 19, 2011 9:13am May 19, 2011 9:13am
Quoting Gleneagles
75% of the success depends on correctly identifying the levels and trading the basic patterns.

Look back over previous sessions and look for these patterns, all it takes is some screen time .
will do! thank you for lessons!
  • #445,205
  • May 19, 2011 9:14am May 19, 2011 9:14am
Quoting KiwiTrada
22hrs actually lol
I don't like what's happening close@BE
Will check again later
  • #445,206
  • May 19, 2011 9:15am May 19, 2011 9:15am
Quoting AllyB
now i really got homework!

also found this website last week that i have been studying.

http://www.fxwords.com/c/continuatio...patterns-.html

It is handy and useful but remember that a continuation pattern forming at a specific level does not always look like the textbook picture, just bear this in mind.
" Never let the past hold the future to ransom "
  • #445,207
  • May 19, 2011 9:15am May 19, 2011 9:15am
Its got to breakout one way or the other fairly soon, hasnt it?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Rolling Daily.png Size: 21 KB
  • #445,208
  • May 19, 2011 9:17am May 19, 2011 9:17am
Apparently the news can't deter the big guys for now.
  • #445,209
  • May 19, 2011 9:24am May 19, 2011 9:24am
Quoting Gleneagles
It is handy and useful but remember that a continuation pattern forming at a specific level does not always look like the textbook picture, just bear this in mind.
will do. if anyone only has to look at a picture in a book to make money we would all be rich you got to love a challenge to love forex.

looks like we may see some action here now that Lo is out of the way
  • #445,210
  • May 19, 2011 9:25am May 19, 2011 9:25am
Been busy with something lately. Just dropping by... Here are the today levels.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 96 KB
  • #445,211
  • May 19, 2011 9:26am May 19, 2011 9:26am
1.4275 looks like an immediate # that needs to hold for further strength
Don't have an ego. Always question yourself and your ability.
  • #445,212
  • May 19, 2011 9:26am May 19, 2011 9:26am
Quoting Gleneagles
The best PA/pattern trader I have seen is a lady trading from Singapore..part time.

No levels on chart ..just trades from PA and price patterns.

She earns $10K/month trading 5 minilots only, no compounding......

She is a trained graphic artist and can spot these patterns and levels without all the "extras" we lessor mortals need.
just wondering ... how long have you been trading forex and where/how did you learn?
  • #445,213
  • May 19, 2011 9:28am May 19, 2011 9:28am
bulls are here bye happy pipping
If you are new to Forex? Say Goodbye to your account!!
  • #445,214
  • May 19, 2011 9:30am May 19, 2011 9:30am
Meh, this move is suspect imo. Will just watch it for now. Expecting it to fall back again.
  • #445,215
  • May 19, 2011 9:30am May 19, 2011 9:30am
Quoting fontu
Last set up was a bear but failing down & bear continue & looks more solid for the bull conversion . lets see if this last try success .scalping long in play again & again as failure only want see at 4339.
Breakout 4285 needed to confirm the hard resistance now should become soft 4297 after the bo & the 4306.
fontu
breakout & broke 4297 with ease & next 4306 to go, 4326 , 39 test & breaks if 4423.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #445,216
  • May 19, 2011 9:31am May 19, 2011 9:31am
Quoting attila
Been busy with something lately. Just dropping by... Here are the today levels.

Attachment

and longer term...

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 104 KB
  • #445,217
  • May 19, 2011 9:31am May 19, 2011 9:31am
Quoting AllyB
just wondering ... how long have you been trading forex and where/how did you learn?
12 years, I had professional training but the most useful training comes from learning from mistakes others make, it is a lot cheaper than making them yourself
" Never let the past hold the future to ransom "
  • #445,218
  • Edited 9:36am May 19, 2011 9:33am | Edited 9:36am
Quoting Gleneagles
12 years, I had professional training but the most useful training comes from learning from mistakes others make, it is a lot cheaper than making them yourself
you got that right

+12
  • #445,219
  • May 19, 2011 9:36am May 19, 2011 9:36am
Just minutes after London Close, very very suspect move...
  • #445,220
  • May 19, 2011 9:37am May 19, 2011 9:37am
Quoting PayTheLimit
perhaps I need new glasses also, because I can't see and significant buying during this month, thus far anyway..maybe I need a new chart too...
Quoting sisse
LOL

why hide the wicks on daily?.... I lost patience with the bastards. I changed my mind. I am not going to wait for the hourly close, I am stopping me out on reports trailing the reaming stop to BE +10 (1.4273) so no room for any noise up so either it moves down or out.

I don't trust this anymore and there are better options across the board ... I may consider longs later in this pair if the squeeze is confirmed.

we'll see and good luck with the US session

sisse
PTL, bastards finally did it .... lol.

Couldn't + didn't have the confidence or the TA skills to buy that rejection 1.425x (extremely difficult day for intraday swings in my books).

I hope you had a good afternoon, flat here and probably till monday on the pair depending on today close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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