Things are going to get real ugly, real fast for the euro in the next 2 weeks. Looks like the 200dma is the next stop....
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- #472,101
- Jun 25, 2011 7:37am Jun 25, 2011 7:37am
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
- #472,102
- Jun 25, 2011 7:56am Jun 25, 2011 7:56am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
4172 - 4376 - extended 4432 range.
4313 key lvl for the upsid eon lower TFs.
Just play it.
4313 key lvl for the upsid eon lower TFs.
Just play it.
Hero calls followed by margin calls...
- #472,105
- Edited 10:48am Jun 25, 2011 9:34am | Edited 10:48am
- | Joined Sep 2009 | Status: Trader | 325 Posts
i am trying to upload a chart as requested by many
Here is a chart for my entry for the past Three (3) weeks base on the 12MA will post the rest of my theory as i go and how to confirm the entry with the 12MA for new traders
Following the current trend
- #472,106
- Jun 25, 2011 10:18am Jun 25, 2011 10:18am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
USD/CAD
First short, target 0.9820. Then long, target 0.9980. (Resistance @ 1.00)
I'll probably go long and short at the same time, adding shorts it we go higher, and adding longs if we go lower. Success "almost guaranteed" in both directions. Adding stops? Above 1.00 for long, below 0.98 for short.
Shamu
First short, target 0.9820. Then long, target 0.9980. (Resistance @ 1.00)
I'll probably go long and short at the same time, adding shorts it we go higher, and adding longs if we go lower. Success "almost guaranteed" in both directions. Adding stops? Above 1.00 for long, below 0.98 for short.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
- #472,107
- Jun 25, 2011 10:19am Jun 25, 2011 10:19am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
[/ATTACH]
Confirmaton for new trader should base on the 4 hr open and close of the 24MA. PA is always changing so as a new trade it best to confirm with 4Hr chart as you learn to undertand the market and PA. A 12MA on a 4hr is the same as 3MA on this chart reason why is simply it takes 3*4 to = 12, so 3 (4hr candle) is a 12 MA and 24 MA on the 4Hr chart is 6MA, same reason as above
Ok here is another chart base on last Three weeks with 4hr view on confirmation comming with a 24MA (6MA) on the same posted before with entry, note** notice the entry on the 1Hr chart base 12MA of previous post
Always use the 12MA and 24MA to determine how to manage your trade as a day trader,they are very effective, i personally don't trade a cross of MA,but for the record a cross represent strength of the trend, as a new trader always use the 12MA to get out of a trade.NEVER trade against it.
This theory is very valuable to trader both new and not so new to trading so take key warning of picking tops and bottoms and waite for the right time it will save you from making the wrong entry and money.Clue learn to get your entry as close as possible to 12 MA. Have a great trading week this week everyone.
Note*** I will not tell the world all that i know about my edge to the market, but will not lead anybody away from the true, my entry is simply it's base off the 12MA (SMA) line this represent 12 hours of trading, Theroy*** if this line is broken the market sentiment change (PA) so i change with it, which mean that's the current trend for me is aways the 12MA with PA above and below it.I NEVER trade against it
Here is a chart for my entry for the past Three (3) weeks base on the 12MA will post the rest of my theory as i go and how to confirm...
Ok here is another chart base on last Three weeks with 4hr view on confirmation comming with a 24MA (6MA) on the same posted before with entry, note** notice the entry on the 1Hr chart base 12MA of previous post
Always use the 12MA and 24MA to determine how to manage your trade as a day trader,they are very effective, i personally don't trade a cross of MA,but for the record a cross represent strength of the trend, as a new trader always use the 12MA to get out of a trade.NEVER trade against it.
This theory is very valuable to trader both new and not so new to trading so take key warning of picking tops and bottoms and waite for the right time it will save you from making the wrong entry and money.Clue learn to get your entry as close as possible to 12 MA. Have a great trading week this week everyone.
Following the current trend
thanks for sharing. ^_^ try read it .....
- #472,111
- Jun 25, 2011 11:10am Jun 25, 2011 11:10am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #472,113
- Jun 25, 2011 12:33pm Jun 25, 2011 12:33pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
So does anyone think that Spain might become an issue after Greece fails.....um I mean Greece gets a bit longer to survive?
- #472,114
- Jun 25, 2011 12:34pm Jun 25, 2011 12:34pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
- #472,116
- Jun 25, 2011 12:35pm Jun 25, 2011 12:35pm
- | Membership Revoked | Joined Aug 2010 | 1,300 Posts
- #472,119
- Jun 25, 2011 1:08pm Jun 25, 2011 1:08pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
It's really not easy to do analysis during heat of war between bears and bulls
Actually it's currency turmoil / war between fundamental and technique analysis.
I could b wrong but i looking forward to 1.3920 next week
Other view from other respectable traders say 1.45xx
GL all and please b careful it's not easy to read ur own chart this days
Actually it's currency turmoil / war between fundamental and technique analysis.
I could b wrong but i looking forward to 1.3920 next week
Other view from other respectable traders say 1.45xx
GL all and please b careful it's not easy to read ur own chart this days
