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Price is everything

  • #18,301
  • May 22, 2011 6:11am May 22, 2011 6:11am
Quoting Myrza
Euro bias is down...
Looking at exactly the same thing
  • #18,302
  • May 22, 2011 11:47am May 22, 2011 11:47am


no need to explain....

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Hero calls followed by margin calls...
  • #18,303
  • May 22, 2011 11:50am May 22, 2011 11:50am
Quoting PhAnTi'


no need to explain....

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lolololo...thats what i call a premium long set up


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Hero calls followed by margin calls...
  • #18,304
  • May 22, 2011 11:51am May 22, 2011 11:51am
Quoting PhAnTi'
lolololo...thats what i call a premium long set up


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and daily support....this is a 99 % long : o

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Hero calls followed by margin calls...
  • #18,305
  • May 22, 2011 11:59am May 22, 2011 11:59am
Quoting PhAnTi'
and daily support....this is a 99 % long : o

Attachment
No PA confirmation yet on higher timeframes imo, unless youre taking this blindly on faith. Id rather enter this later than sooner, enough room for a correction north. Though really depends on how usdchf performs
  • #18,306
  • May 22, 2011 12:12pm May 22, 2011 12:12pm
Quoting Orbital
No PA confirmation yet on higher timeframes imo, unless youre taking this blindly on faith. Id rather enter this later than sooner, enough room for a correction north. Though really depends on how usdchf performs
ill buy some at another test of the low for scalp. expect correction towards 2500 that would nicley symbolize a S turned R level.

anyway if i'd need to set a swing trade now and here on eurchf i'd sell it.
Hero calls followed by margin calls...
  • #18,307
  • May 22, 2011 12:18pm May 22, 2011 12:18pm
Looks like a good area for longs

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  • #18,308
  • May 22, 2011 12:21pm May 22, 2011 12:21pm
Quoting PhAnTi'
and daily support....this is a 99 % long : o
Buy a double, sell a triple?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,309
  • May 22, 2011 12:25pm May 22, 2011 12:25pm
Quoting Magix
Buy a double, sell a triple?
plz clarify for a german idiot ... = L
Hero calls followed by margin calls...
  • #18,310
  • May 22, 2011 12:30pm May 22, 2011 12:30pm
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  • #18,311
  • May 22, 2011 12:48pm May 22, 2011 12:48pm
Quoting PhAnTi'
plz clarify for a german idiot ... = L
Traders guide on double bottoms...converse applies to double tops...

You sell double tops and buy triples.
You buy double bottoms and sell triples.

1st...support line set...
2nd touch, support line tested.
theory of the 3rd...we ain't done selling yet.

Strategy application from a PnF standpoint.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,312
  • May 22, 2011 12:54pm May 22, 2011 12:54pm
Quoting Magix
Traders guide on double bottoms...converse applies to double tops...

You sell double tops and buy triples.
You buy double bottoms and sell triples.

1st...support line set...
2nd touch, support line tested.
theory of the 3rd...we ain't done selling yet.

Strategy application from a PnF standpoint.
thanks for the link bud.

so u prefer to buy when pa failed at least three times? (at a low in this case)

will read the column later on

kind regards,
Jonas
Hero calls followed by margin calls...
  • #18,313
  • May 22, 2011 1:06pm May 22, 2011 1:06pm
Quoting PhAnTi'
thanks for the link bud.

so u prefer to buy when pa failed at least three times? (at a low in this case)

will read the column later on

kind regards,
Jonas
Just looking at your chart, this is what I see...

On the previous attempt to crush this level, there was significant volume selling down, followed by another significant day of buying...we don't have that same situation at current, not to mention that this puts you in a place of guessing the following candles instead of actually responding to price action.

You may be right on this one, but will you be on the next?

To me, there is no clear sign of a directional turn and waiting for confirmation could mean the difference of "Not making a few pips" vs "Losing your ass", on guessing the bottom of a daily chart...
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfd.jpg Size: 165 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,314
  • May 22, 2011 1:12pm May 22, 2011 1:12pm
Quoting Magix
Just looking at your chart, this is what I see...

On the previous attempt to crush this level, there was significant volume selling down, followed by another significant day of buying...we don't have that same situation at current, not to mention that this puts you in a place of guessing the following candles instead of actually responding to price action.

You may be right on this one, but will you be on the next?

To me, there is no clear sign of a directional turn and waiting for confirmation could mean the difference of "Not making a...
hey bro,

thank you for this input.
very helpful.

will consider it in the future.

Quote
You may be right on this one, but will you be on the next?

sticky statement,

so better -always- wait for confirmation.

Jonas.
Hero calls followed by margin calls...
  • #18,315
  • May 22, 2011 1:17pm May 22, 2011 1:17pm
Hello peeps=)

here is my setup for the EUR/USD, please if you notice any mistake or zone i didnt see let me know =) thank you.

http://www.shrani.si/f/1K/Xr/59d254g/eurusd-24may.png
Comppression with two red lines, thats why prices fell afterwards.

wish great trading see ya AM
--Be in the NOW or get lost in time.--
  • #18,316
  • May 22, 2011 1:27pm May 22, 2011 1:27pm
Quoting Magix
Traders guide on double bottoms...converse applies to double tops...

You sell double tops and buy triples.
You buy double bottoms and sell triples.

1st...support line set...
2nd touch, support line tested.
theory of the 3rd...we ain't done selling yet.

Strategy application from a PnF standpoint.

good afternoon/evening MX
  • #18,317
  • May 22, 2011 1:28pm May 22, 2011 1:28pm
Quoting Orbital
Ill take a look at brent pitchforks on Sunday if you want me to, i can already see the pitchforks visually im just not sure if they would be vibrating at the correct frequency =/

EDIT:

Fuck this cant sleep so heres some viable forks that meet my criterias:

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much more clear now


thanks
  • #18,318
  • May 22, 2011 1:55pm May 22, 2011 1:55pm
@red

what do you mean by: living deliberately? =)
--Be in the NOW or get lost in time.--
  • #18,319
  • May 22, 2011 1:57pm May 22, 2011 1:57pm
Quoting redsword11
good afternoon/evening MX
Good day to you Sir.

Looking forward to kicking some ass this week!!!

Auoooooooooooooooga!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #18,320
  • May 22, 2011 2:17pm May 22, 2011 2:17pm
Quoting Magix
Good day to you Sir.

Looking forward to kicking some ass this week!!!

Auoooooooooooooooga!


let it present itself to us MX - we'll strangle it
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