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Daily candle chart

  • #11,521
  • May 28, 2011 8:37am May 28, 2011 8:37am
Quoting Bones
I will admit Baz the TL bounce is a dilemma ,may have to wait for short next month ,OK my last go at monthly ,till it closes ,promise
bet against
Hero calls followed by margin calls...
  • #11,522
  • May 28, 2011 8:44am May 28, 2011 8:44am
lol ,really im out of here

Quoting PhAnTi'
bet against
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,523
  • May 28, 2011 8:45am May 28, 2011 8:45am
Normally when everyone is shouting long its time to short

Quoting andelumut
@GU, bull is back,, next target .65**
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  • #11,524
  • May 28, 2011 8:49am May 28, 2011 8:49am
Quoting Bones
Normally when everyone is shouting long its time to short
so true ^^
Hero calls followed by margin calls...
  • #11,525
  • May 28, 2011 8:55am May 28, 2011 8:55am
Quoting Bones
I will admit Baz the TL bounce is a dilemma ,may have to wait for short next month ,OK my last go at monthly ,till it closes ,promise

thats what ive been playing bro..its a definate range..in the past we were in it for months..no reason why it wont do the same again starting at 1.6 to 1.67
  • #11,526
  • May 28, 2011 8:59am May 28, 2011 8:59am
Yes ,good job by the way ,we are in the box of many directions yes ,the box is very strong certainly monthly close outside the box wins... for a while
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  • #11,527
  • May 28, 2011 9:09am May 28, 2011 9:09am
Traffic can be a nightmare ,if you dont know its there
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  • #11,528
  • May 28, 2011 9:27am May 28, 2011 9:27am
Traffic jam! I like it Yes, those monthly hammers and hanging mans everywhere may be sign of reaching summer doldrums.
  • #11,529
  • May 28, 2011 10:50am May 28, 2011 10:50am
Quoting Bones
Traffic can be a nightmare ,if you dont know its there
thanks buddy pullback to breakout area and spring up
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  • #11,530
  • May 28, 2011 11:19am May 28, 2011 11:19am
Its interesting Nav that your falling tl is under the bullish candle ,its the same as my mt4 ,but tbh honest I don't trust mt4 on tls ,tls are hard enough mt4 isnt that accurate especially over long periods ive found ,maybe its right it would make sense
Attached Image (click to enlarge)
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  • #11,531
  • May 28, 2011 12:04pm May 28, 2011 12:04pm
Quoting Bones
in all honesty Baz I dont think even if it closes higher that it could be bullish ,the higher it closes the better the sell imo ,but your right I will wait
Tony..
we may even get a InsideBar..and as you say ,the Real trade will be at start of New Monthly Bar..BUT big Money likes to Fade the Market..so ,i am not in a rush to go LONG or SHORT..BUT will observe what happens around the APRIL HIGH..should it get there..BUT i leave you with this thought..
If i had a MILLION POUNDS...which currency do i wnat to be IN..
AUSSIE
EURO
CABLE
Fed is busy printing Money..the more of a thing we have ,the Less its Value..
Fridays NFP will be crucial to this MONTHS TREND..
PS i am no Economist or a " FUNNYMENTAL " ..so these are just thoughts,hence...
i can only try and read the PriceAction as it unfolds...

Enjoy your w/e and BankHoliday...


as Christopher Robbins asked Winnie the Pooh " why dont you try and think harder ? "..
to which Winnie replies " ..but it so Hurts my Head !! "..
i love Winnie the Pooh

baz
  • #11,532
  • May 28, 2011 12:14pm May 28, 2011 12:14pm
Bones, the difference is that MT4 is using only linear scale, while ProRealTime is using log2 scale (which is the correct scale for plotting price in time). On longer timescales or when prices are in tens or hundreds or higher logarithmic scale provides much more clear picture.

If you change the setting in ProRealTime to linear scale, you will get the same trendline as Navin has in MT4.
  • #11,533
  • May 28, 2011 12:18pm May 28, 2011 12:18pm
Crikey that is intresting ,I thought it cause its flash or somthing ,thanks Pipsy ,I wont change mind you cause I dont like mt4


Quoting Pipsy108
Bones, the difference is that MT4 is using only linear scale, ..
If you change the setting in ProRealTime to linear scale, you will get the same trendline as Navin has in MT4.
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  • #11,534
  • May 28, 2011 12:19pm May 28, 2011 12:19pm
Lol ,I take your point ,but Baz im also bearish the Aud see you guys Tues


Quoting baz
Tony..
we may even get a InsideBar..and as you say ,the Real trade will be at start of New Monthly Bar..BUT big Money likes to Fade the Market..so ,i am not in a rush...

Enjoy your w/e and BankHoliday...


as Christopher Robbins asked Winnie the Pooh " why dont you try and think harder ? "..
to which Winnie replies " ..but it so Hurts my Head !! "..
i love Winnie the Pooh

baz
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,535
  • May 28, 2011 12:22pm May 28, 2011 12:22pm
Quoting Bones
I wont change mind you cause I dont like mt4
Definitely don't, I don't like it either
  • #11,536
  • May 28, 2011 4:06pm May 28, 2011 4:06pm
Quoting Bones
Lol ,I take your point ,but Baz im also bearish the Aud see you guys Tues
Tony ,you may like this read...

http://www.moneyandmarkets.com/the-w...44877?FIELD9=1


baz
  • #11,537
  • May 29, 2011 12:22am May 29, 2011 12:22am
Weekly silver pattern looks bullish, but daily is starting to look bearish: on futures we see spinning tops followed by up candle on very low volume, on SLV we see a doji star, also on low volume, and on spot we see hanging man. Last year, ranging on silver started in April and lasted until August, maybe this year we will see the same.
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  • #11,538
  • May 29, 2011 12:57am May 29, 2011 12:57am
Hi Pip did you see the monthly ,a large range ,the weekly looks bullish to me ,but I think it would be nice to close out under 37.99,
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  • #11,539
  • May 29, 2011 1:00am May 29, 2011 1:00am
Thanks Baz as always ,my level headed friend !


Quoting baz
Tony ,you may like this read...

http://www.moneyandmarkets.com/the-w...44877?FIELD9=1


baz
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  • #11,540
  • May 29, 2011 1:25am May 29, 2011 1:25am
its possible ?
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