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EURUSD

  • #469,801
  • Jun 22, 2011 4:57pm Jun 22, 2011 4:57pm
Quoting T@rantula
+ 78 on longs. 51 activated, negative divergence late entry.

Done for the day. + 92 so far EU. + 35 for my Platinum team .

+127 total
T@rantula, what is the name of that RSI indicator you used in the screen shot? Thx.
The trend is my friend? The world casino is my friend!
  • #469,802
  • Jun 22, 2011 4:58pm Jun 22, 2011 4:58pm
Quoting Venice
I believe the idea is to try and get as many 20 pip levels to match up as possible, this way, your levels are representative of previously set supply and demand levels.
Ok, just trying to make myself clear... 1st one is the image posted by Gleneagles & the lower one mine. i adjusted the level 1.43660 same as Glen's.
Now, can i change it to 1.43664 for my convenience or i will be doing wrong ?

@Gleneagles : i've read your above reply quoting Venice & i guess you're not in the mood of creating a new thread.

Image edited.
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Hope
  • #469,803
  • Jun 22, 2011 4:59pm Jun 22, 2011 4:59pm
Quoting pipper
Nice trading T... Had to pull my long at 4370 from 4220 when it broke the trendline earlier... Gutted i didn't take profit from 1.44+ but hey tomorrow is another day
Mate, was so tempted to close 1/2 at 4460 but the channel top was 4440 where i closed it for 1/2. And if it continued UP, w/o FOMC news 4580 would be hit.

We will see what next day brings. And btw. Nice chart. Although I dont watch h8, i can say- its a good TF.
  • #469,804
  • Jun 22, 2011 5:01pm Jun 22, 2011 5:01pm
i go for buy at 1.4396...after that i sawed market gets down till 1.4331.. so that for shot also.. so now my account has locked for 684$.. how to cover without loss.. some one ple help me...http://C:\Users\COMPAQ\Documents\23.gif
Gopinath M. Grow Forex
  • #469,805
  • Jun 22, 2011 5:02pm Jun 22, 2011 5:02pm
Quoting CapitalismPr
T@rantula, what is the name of that RSI indicator you used in the screen shot? Thx.
John Smith tools. RSI divergence but it is pretty modified.

Try to search for JST RSI divergence, but u cant use it w/o knowledge how reversals and divergences are traded. Its not that simple. This is one of the most- I may say the most complicated technique I have learnt so far. And im still learning it.
  • #469,806
  • Jun 22, 2011 5:02pm Jun 22, 2011 5:02pm
Quoting pipper
Was thinking about it but might wait till 4316ish level to see how it reacts Chazzle

8Hr
patience pays off eh? hope you get it
  • #469,807
  • Jun 22, 2011 5:03pm Jun 22, 2011 5:03pm
Quoting T@rantula
John Smith tools. RSI divergence but it is pretty modified.

Try to search for JST RSI divergence, but u cant use it w/o knowledge how reversals and divergences are traded. Its not that simple. This is one of the most- I may say the most complicated technique I have learnt so far. And im still learning it.
Good trading T... i'm loving it...
  • #469,808
  • Jun 22, 2011 5:03pm Jun 22, 2011 5:03pm
Hi Traders,



today I stay in the same count than yesterday. I will only switch back to my main count (1-2, 1-2 count), when momentum in the following down-move exceeds the momentum of the prior wave red 3.



Action since FOMC meeting is down with high momentum. The wave red 4 counts best as a triple three (ABC-x-ABC-x-ABC).



When we draw a lower trendline in this count we can see, that actual price action dropped beneath this trendline. I expect that price will retest this trendline from the lower side in the next hours. Momentum is slowing here a little bit as can be seen by looking at Awesome Oscillator or MACD, but in the end this can be kind of reloading for more down. Around 4325 we are entering a fairly deep supply zone with an very important level around 4282.



Maybe more later.



Take care, best to you,



Markus
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  • #469,809
  • Jun 22, 2011 5:04pm Jun 22, 2011 5:04pm
Quoting vinith85
i go for buy at 1.4396...after that i sawed market gets down till 1.4331.. so that for shot also.. so now my account has locked for 684$.. how to cover without loss.. some one ple help me...
Learn to trade with s/l and accept the loss. It broke 4345. Why dont u close the trade and accept the loss?
  • #469,810
  • Jun 22, 2011 5:05pm Jun 22, 2011 5:05pm
Quoting AllyB
Still a lot of the $100 buck burgers runs for sure. i get so much pleasure and fun out of seeing all the good that people across the country will do for animals in need. the friends you meet along the way stay in touch and they never even get recognized for it. Great organization!
My dog is a rescue too but I am not sure who saved who. Here's a pic. The best $55 I've ever spent.



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  • #469,811
  • Jun 22, 2011 5:06pm Jun 22, 2011 5:06pm
to the pip.

http://www.forexfactory.com/showthre...19#post4717219
  • #469,812
  • Jun 22, 2011 5:06pm Jun 22, 2011 5:06pm
Quoting Venice
Good trading T... i'm loving it...
Yes thanks, but not an easy one even for me.
  • #469,813
  • Jun 22, 2011 5:06pm Jun 22, 2011 5:06pm
Nice trading T. Yip, tomorrow is another day.. Getting close to 8hr trendline now

Quoting T@rantula
Mate, was so tempted to close 1/2 at 4460 but the channel top was 4440 where i closed it for 1/2. And if it continued UP, w/o FOMC news 4580 would be hit.

We will see what next day brings. And btw. Nice chart. Although I dont watch h8, i can say- its a good TF.
Disclaimer: Check your 1m charts
  • #469,814
  • Jun 22, 2011 5:06pm Jun 22, 2011 5:06pm
Quoting attila
My dog is a rescue too and I am not sure who saved who. Here's a pic. The best $55 I've ever spent.



Attachment
best ears ever!!!!!!!!!!!!!!!!
  • #469,815
  • Jun 22, 2011 5:06pm Jun 22, 2011 5:06pm
Quoting T@rantula
And if it continued UP, w/o FOMC news 4580 would be hit.
FOMC is just trigger for this? 4h was not pretty bullish anymore. If would hit 4580 on FOMC that would just be real temporary then.

Hmm, to cover or not to cover...
  • #469,816
  • Jun 22, 2011 5:07pm Jun 22, 2011 5:07pm
[quote=TheGamer;4717713]Ok, just trying to make myself clear... 1st one is the image posted by Gleneagles & the lower one mine. i adjusted the level 1.43660 same as Glen's.
Now, can i change it to 1.43664 for my convenience or i will be doing wrong ?

@Gleneagles : i've read your above reply quoting Venice & i guess you're not in the mood of creating a new thread.

I don`t mind at all helping traders as well as answering Q`s , there are a few traders trading dustbin trades. I am reluctant though to start up a thread because I know from experience how timeconsuming it can be.
You can find a lot of useful posts by quickly scanning through posts I made the past few months, I am not a serial poster and it will not take you too long.

If you don`t find the answers , I will gladly try to assist.
" Never let the past hold the future to ransom "
  • #469,817
  • Jun 22, 2011 5:07pm Jun 22, 2011 5:07pm
Quoting johncen
I regret.............

put a buy limit @ 4365 last night...4 hours before fed rate....and then went to sleep...
planning to wake up before the fed rate and closed it for profit....

bt alarm didnt wake me up....

profit turns to loss.....

and I miss the chance to sell......

damn.....
Sorry to hear that mate. We are new & i guess need more time to learn better. Like Clogs says...10,000 hrs. Hope it wasn't a standard lot.
By the way i could not understand it was a buy or sell but.. anyhow.
Hope
  • #469,818
  • Jun 22, 2011 5:07pm Jun 22, 2011 5:07pm
thank u cloggie for teaching me to trade...
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  • #469,819
  • Jun 22, 2011 5:08pm Jun 22, 2011 5:08pm
Quoting newyear498
best ears ever!!!!!!!!!!!!!!!!
Oh, I know. LOL.
  • #469,820
  • Jun 22, 2011 5:09pm Jun 22, 2011 5:09pm
Quoting pipper
Nice trading T. Yip, tomorrow is another day.. Getting close to 8hr trendline now
We just crossed into a bearish territory. RSI close to 30, Upchannel broken on h1
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