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  • #476,821
  • Jun 30, 2011 6:34am Jun 30, 2011 6:34am
...And the other ingredient that makes Cloggie's price level breakouts work even better is the presence of momentum. When there's no momentum..levels are more likely to be rejected.
  • #476,822
  • Jun 30, 2011 6:35am Jun 30, 2011 6:35am
Quoting stulic
Ye the first thing I did of course, and they show up after I reload and I can even pick 'em , but clicking OK only reverses the sound back to default.
replace and rename them? idk...
  • #476,823
  • Jun 30, 2011 6:37am Jun 30, 2011 6:37am
oxi or nai...

http://www.thepressproject.net/
  • #476,824
  • Jun 30, 2011 6:37am Jun 30, 2011 6:37am
Quoting damagedv1
...And the other ingredient that makes Cloggie's price level breakouts work even better is the presence of momentum. When there's no momentum..levels are more likely to be rejected.

Absolutely, momentum is key, but so are candle patterns and protection of previous closes. A big green bar is not the time to sell it as it was formed by both buyers, sellstops triggered and sellers changing their minds, that's the time to buy the cr@p out of it. Most noobies still see a big fat green bar as a time to sell as they keep thinking what goes up must come down and don't realise that price in motion tends to stay in motion.
  • #476,825
  • Jun 30, 2011 6:37am Jun 30, 2011 6:37am
Price still there , my conservative tp just missed by 1 pip only & still open .at least ltl if no break before a bull try should be there , usdx bounce rudimentary intact still also as thought. so more pullback usdx with eu more down & breakout possible but with ranging price action , bull set up intact., utl still untouched.
waiting.

fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,826
  • Jun 30, 2011 6:37am Jun 30, 2011 6:37am
Quoting attila
if you look back in my posts I gave you the top at 4508 last night(actually it was around ty open). cloggie was a tad higher.
Oh I see... did you get the top from the Daily candle on June 10th, or is there other PA that you confirmed it for you?

My neighbor has a yappy dog that barks at all hours... I think it's craving some rat poison or some dog chow mixed w/colon blow sometime soon...
What we obtain too cheap, we esteem too lightly.
  • #476,827
  • Jun 30, 2011 6:37am Jun 30, 2011 6:37am
Quoting Capn79
It seemed as though it was consolidating on the M30... and then drifting down... with very little movement till NY. Was there a way to play the drop other than scalping here and there? I pretty much sat until the bounce off 53 and the doji print on M30...
It depends. I would have played it but I'm trading m5 lately. I think it hit 08 around 10 or 11 pm my time and I was pretty tired and pissed to start trading again so i let it go.

overall if it breaks this bottom (also be careful of sessions open, they usually look to reverse it. wouldn't you? make money again off the same pips), 4436 is big, and then 4410 or so. The pair will be very confused around 4436....
  • #476,828
  • Jun 30, 2011 6:39am Jun 30, 2011 6:39am
I see itchy move 1.4461-6
  • #476,829
  • Jun 30, 2011 6:39am Jun 30, 2011 6:39am
Quoting cloggie
Absolutely, momentum is key, but so are candle patterns and protection of previous closes. A big green bar is not the time to sell it as it was formed by both buyers, sellstops triggered and sellers changing their minds, that's the time to buy the cr@p out of it. Most noobies still see a big fat green bar as a time to sell as they keep thinking what goes up must come down and don't realise that price in motion tends to stay in motion.
Excellent advice..
  • #476,830
  • Jun 30, 2011 6:40am Jun 30, 2011 6:40am
Quoting Capn79
Oh I see... did you get the top from the Daily candle on June 10th, or is there other PA that you confirmed it for you?

My neighbor has a yappy dog that barks at all hours... I think it's craving some rat poison or some dog chow mixed w/colon blow sometime soon...
no. it was an important level on my chart at 4508. it's sister is down at 4413.
  • #476,831
  • Jun 30, 2011 6:40am Jun 30, 2011 6:40am
Nobody got anything about the swissie/ The hell was that??? Short or not? Jump on the train???
Don't get mad, get even!
  • #476,832
  • Jun 30, 2011 6:42am Jun 30, 2011 6:42am
Swissy is being a good little boy... heh
  • #476,833
  • Jun 30, 2011 6:42am Jun 30, 2011 6:42am
Inserted Video
  • #476,834
  • Jun 30, 2011 6:42am Jun 30, 2011 6:42am
Quoting cloggie
so now you need to watch 63,65,66 again to see how that holds for a clear break of 79, a close above it, with the momentum to carry it through.

See what I mean, we never got that close above yet, we have no momentum bar so she can't carry through that 79 just yet and we are back at 63/66. Now you need to judge the PA here and as long as you don't get a close below and no momentum bar then we are going back up to 79 again. Then you watch that one to see if we picked up enough orders to get it through.

Watching these levels will keep you from changing your bias constantly and just end up getting stopped out as you haven't realised the range yet and haven't realised that we have had no break yet.

OF course if you aim for the smaller 10-20 pip trades then you can use these same levels to scalp the bejeesus out of it, not really my style though.
  • #476,835
  • Jun 30, 2011 6:43am Jun 30, 2011 6:43am
Quoting stulic
Nobody got anything about the swissie/ The hell was that??? Short or not? Jump on the train???

Looking good to me...
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  • #476,836
  • Jun 30, 2011 6:44am Jun 30, 2011 6:44am
Quoting cloggie
Right now your stop should be at 63 if you expect this to go further, never ever give profit back to the market, get that stop up as soon as you can. She is being stubborn here but she still sits right in between the earlier numbers.

Again this all depends on your trading style, do you aim for the 10-20 pip runs or the 80-100 pip runs and based on at least 1,000 trades on this pair on a demo account what style gives you the best edge.

If your edge is the smaller trades, then look at my earlier post on how you could have managed that last move...
Okay, i'm trying 30 pips runs for now.
I'm trying to figure out the next levels.
Thank you again.

Quoting cloggie
Absolutely, momentum is key, but so are candle patterns and protection of previous closes. A big green bar is not the time to sell it as it was formed by both buyers, sellstops triggered and sellers changing their minds, that's the time to buy the cr@p out of it. Most noobies still see a big fat green bar as a time to sell as they keep thinking what goes up must come down and don't realise that price in motion tends to stay in motion.
But about the big green candle, now i always wait for the close (5 min candle) because i got some many times stop out by fake breakout.
  • #476,837
  • Jun 30, 2011 6:44am Jun 30, 2011 6:44am
Nice V - got in at 56 earlier

Quoting Venice
Looking good to me...
Disclaimer: Check your 1m charts
  • #476,838
  • Jun 30, 2011 6:45am Jun 30, 2011 6:45am
Quoting cloggie
as long as you don't get a close below and no momentum bar then we are going back up to 79 again.

  • #476,839
  • Jun 30, 2011 6:45am Jun 30, 2011 6:45am
You guys do know that PMI is disclosed to paying members 3 mins before public release, right?
  • #476,840
  • Jun 30, 2011 6:46am Jun 30, 2011 6:46am
Quoting Mr. Aldi
You guys do know that PMI is disclosed to paying members 3 mins before public release, right?

61.1, we get it 2 minutes before.
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