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  • #446,281
  • May 20, 2011 4:10pm May 20, 2011 4:10pm
Same here Markus. Definately, the cloud is a great support and resistance indicator. I use it mainly on the 4HR


Quoting infinitus
interesting.....

I too have only the cloud of Ichimoku on my charts. It is a good suport and resistance indicator.

In the beginning I had the complete Ichimoku system on my chart, but I found, that the cloud was the most interesting aspect and that the other lines only cluttered my chart.
Disclaimer: Check your 1m charts
  • #446,282
  • May 20, 2011 4:11pm May 20, 2011 4:11pm
Quoting pipper
I have them turned off for that chart.. It's a powerful indi
with ichi system i took that trade- 4250 stop loss , TP 4070 , open from 4200 when bear candle closed.. ;] let see
looking for investors . pm me
  • #446,283
  • May 20, 2011 4:12pm May 20, 2011 4:12pm
Got to head guys and feed the engine with a glass or 2 of wine

Have a great weekend guys
Disclaimer: Check your 1m charts
  • #446,284
  • May 20, 2011 4:12pm May 20, 2011 4:12pm
Quoting pipper
Same here Markus. Definately, the cloud is a great support and resistance indicator. I use it mainly on the 4HR
But I think that it is not as well working in Forex than in stock markets.

My experience: it works best in Asian markets.....
  • #446,285
  • May 20, 2011 4:13pm May 20, 2011 4:13pm
Quoting Larseg
Im shorting from here, good luck
Closed for 66+,

Thats pretty good while sleeping...
  • #446,286
  • May 20, 2011 4:14pm May 20, 2011 4:14pm
Quoting pipper
Got to head guys and feed the engine with a glass or 2 of wine

Have a great weekend guys
good luck and have a nice weekend
looking for investors . pm me
  • #446,287
  • May 20, 2011 4:17pm May 20, 2011 4:17pm
Quoting Larseg
Closed for 66+,

Thats pretty good while sleeping...
very nice trade ;]
looking for investors . pm me
  • #446,288
  • May 20, 2011 4:17pm May 20, 2011 4:17pm
Hi friends,

was a nice week here. Hope all of you have the bags full of money.


Wish you all a nice weekend.


See ya Monday,


best to you,

Markus
  • #446,289
  • May 20, 2011 4:18pm May 20, 2011 4:18pm
Quoting infinitus
But I think that it is not as well working in Forex than in stock markets.

My experience: it works best in Asian markets.....

me too. my experience after rolling a lot of custom ichi systems over the years including heavy mods + indices whatever: you should not depend on it as a system in forex. about the only useful thing is the cloud and even there about the most universal thing is if you are in the cloud and the exit side is curvy you are in for a retrace first most of the time.
  • #446,290
  • May 20, 2011 5:05pm May 20, 2011 5:05pm
I wish we had taken out 4150.

The 2 way game:

 

  1. From here we have a lot of early shorts (17th and 18th may) which are keen on getting out (hence an up-move will come).
  2. New shorts in plenty fold from 4200-4180 is also presented which are keen on some profit taking early next week (another up -move).
  3. Mindset is down and if we can work in harmony this will trend nicely. Rapid down moves is not the way to go for this to happen.


Conclusion
I would be very surprised if we see 4100 before 4200 because of this and because of the many shorts which came in last night.. I would grade it 20/80 actually... However, I would not take any longs but rather wait for pullbacks and then short the crap out of it. SL above 4240...

  • #446,291
  • May 20, 2011 5:25pm May 20, 2011 5:25pm
Quoting Larseg
I wish we had taken out 4150.

The 2 way game:

 

  1. From here we have a lot of early shorts (17th and 18th may) which are keen on getting out (hence an up-move will come).
  2. New shorts in plenty fold from 4200-4180 is also presented which are keen on some profit taking early next week (another up -move).
  3. Mindset is down and if we can work in harmony this will trend nicely. Rapid down moves is not the way to go for this to happen.

Conclusion
I would be very surprised if we see 4100 before 4200 because of this and...


the fact we took out 1.42 makes taking out 1.4150 easier early next week... i'm seeing a reversal at 1.3968 to start up move.. i just need to see how this down move unfolds towards that level..
  • #446,292
  • May 20, 2011 5:55pm May 20, 2011 5:55pm
AcidH4X, this is just from page one of your post history. There are other questions you ask, that don't deal with the 'mofu', but imply that it is not the time to consider dealing with it.
Grab your Fib-tool, analyse movements in all given timeframes and especially keep an eye on the 50%-fib. If you can draw conclusions from that, take the next step.
It will take lots of time to create a sound and profitable strategy from that, though.

Do you know the fable titled "The Moth and the Star" by James Thurber?

Start easy.

Quoting AcidH4X
sir how u calculate this mofu level.

Thanks
Quoting AcidH4X
sir can u pls tell me how to calculate this mofo or mofu area..


Thanks
Quoting AcidH4X
sir can u pls give me that mofu indicator..
Quoting AcidH4X
sir can u pls tell me the article which give me the idea of mofu ...

Thanks
Quoting AcidH4X
guys can u pls tell me how to find the mofu area..

according to me the definition of mofu is 50%..but can some 1 pls explain some more or give me thread detail so i can read that article..

gatorinla sir if u have some time then just give me article link

Thanks in Advance..
  • #446,293
  • May 20, 2011 6:14pm May 20, 2011 6:14pm
Quoting AllyB
6 x 12
1 x -8
1 x 1

total = 65

Everyone have a great weekend and see ya at the Sunday open

Cheers


Gosh...
  • #446,294
  • May 20, 2011 6:22pm May 20, 2011 6:22pm
Quoting PayTheLimit
10 full pips?
yep, 10 mins before market close. That's Oanda's way of telling you to "get the fukc off and have a nice weekend".
  • #446,295
  • May 20, 2011 7:00pm May 20, 2011 7:00pm
Im doing just that....once it retraces to a line of resistance....then hit it with a batch of shorts......I just cant stomach a long in this environment






Quoting Larseg
I wish we had taken out 4150.

The 2 way game:

 

  1. From here we have a lot of early shorts (17th and 18th may) which are keen on getting out (hence an up-move will come).
  2. New shorts in plenty fold from 4200-4180 is also presented which are keen on some profit taking early next week (another up -move).
  3. Mindset is down and if we can work in harmony this will trend nicely. Rapid down moves is not the way to go for this to happen.


Conclusion
I would be very surprised if we see 4100 before 4200 because of this and...

  • #446,296
  • May 20, 2011 11:39pm May 20, 2011 11:39pm
Quoting jaylovin
the fact we took out 1.42 makes taking out 1.4150 easier early next week... i'm seeing a reversal at 1.3968 to start up move.. i just need to see how this down move unfolds towards that level..

  1. Let me remind you that Forex is not Stocks and the greed and fear here is massive in comparison. This isnt something I just say or have heard, its shown in charts, every day. There is news affecting us all the time.
  2. We all believe and trust the hundreds or even thousands of books and articles we have read by the professionals. However, when reading them they should open up your clogged vision not demand you to do something and never change it. This took me years to learn. You have to make your own road.
  3. What I am saying is, yes 1.4200 line is broken but looking at the left side there is several hours of traders shorting without a significant down move, and while going up there weren't any rapid movements upwards either. I would be more happy if that was the case as that would indicate that SLs are triggered and this would automatically reset traders into waiting for the next setup.
  4. I assume there is plenty still short there (down to 1.4120 ish) The problem comes to this: are these guys in fear or greed mode, I would assume fear cause that's the state I would have been in holding a position in negative for that long (if I were stupid enough to hold that short). So they are now keen on getting out because of fear and will buy when the opportunity is given.
  5. If there are some bigger players during Monday Asian session which is selling hard we get one of those awkward moves which doesn't happen too "often" and we will plummet straight away. And we would be reset further down around 1.4100
  6. We have to remember that when the possibility to get out break even or slightly negative is given there is a very good chance that traders will take it.

However, I would not bet on that to happen. I would rather bet that greed from those already short will kick this up to 1.4200 ish and then fear would take this further maybe even to 1.4220-40 resetting positions before plummeting past 1.4100. Waiting for a new short entry.

Greed before Fear then Reset then Plummeting.

The chart is just telling you where positions are taken and those who learn the ability to see this will be very happy with themselves.

  • #446,297
  • May 21, 2011 12:34am May 21, 2011 12:34am
Quoting RamsesII
still don't think gold broke out money booker?
fake break out and real broke out followed.
see my lines
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  • #446,298
  • Edited 1:18am May 21, 2011 12:49am | Edited 1:18am
Quoting Larseg
[list][*]Let me remind you that Forex is not Stocks and the greed and fear here is massive in comparison. This isnt something I just say or have heard, its shown in charts, every day. There is news affecting us all the time.[*]We all believe and trust the hundreds or even thousands of books and articles we have read by the professionals. However, when reading them they should open up your clogged vision not demand you to do something and never change it. This took me years to learn. You have to make your own road.[*]What I am saying is, [b]yes...
The last wave did not direct bear but failed break previous top of the wave to confirm the up more retracement . last time I see now it actually bear continued again after the failure at top .so can't get ride of both bear & bull in MOFU trap possibly.

it may either causing more time pass around this levels or finishing the bear for good, can be bull but never think that yet,
so indecision continues & waiting for some great news in favour but failing reacts so far with presents ,some more invasive & horrifying like Laden works .
fontu
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Click to Enlarge Name: eu2.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #446,299
  • May 21, 2011 12:58am May 21, 2011 12:58am
Quoting matheszabi
can I have a table or a link to somewhere to see what is the expected pip movement on a major news releases?
Somethink like this I need, but with more data:
http://www.babypips.com/school/which...de-worthy.html
I want to buy PATIENCE
  • #446,300
  • May 21, 2011 1:22am May 21, 2011 1:22am
Thank You so much sir.




Quoting Mr Hatch
AcidH4X, this is just from page one of your post history. There are other questions you ask, that don't deal with the 'mofu', but imply that it is not the time to consider dealing with it.
Grab your Fib-tool, analyse movements in all given timeframes and especially keep an eye on the 50%-fib. If you can draw conclusions from that, take the next step.
It will take lots of time to create a sound and profitable strategy from that, though.

Do you know the fable titled "The Moth and the Star" by James Thurber?

Start easy.
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