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  • #481,741
  • Jul 6, 2011 10:55am Jul 6, 2011 10:55am
Quoting kenfen69
Really starting to dig the HGVolume on M15 for trend completion. If I get any more comfortable with it, I may start closing and reversing on them.
It's a kewl tewl to be sure...

I have caught a couple nice trips on the volume surge from the M1s...as long as ya know what yer looking and just waiting on the reversals, it can be one fawk of a confirmation indimicator....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #481,742
  • Jul 6, 2011 10:55am Jul 6, 2011 10:55am
Quoting needpips
ENtry order at 40...I C 44....spread and all...
i got 4338.3 as a high
those who can, do. those who cant, talk about those who can
  • #481,743
  • Jul 6, 2011 10:56am Jul 6, 2011 10:56am
Bus go down the hill kids get in

Target 1.4295
Once scalper always scalper
  • #481,744
  • Jul 6, 2011 10:56am Jul 6, 2011 10:56am
Well, the downtrend only exists up to the 4hr t/f, printing a 2nd LL at today's current lo (although not a fractal swing yet) [today's lo being 61.8% of the 4100-4577 move)...so for me I would use exactly the same peak/valley analysis to determine a trend change, ie would need on this 4hr t/f (the longest t/f that the downtrend exists upon) to see at least a HL and HH for a trend change, but that is not to say that I won't trade counter trend because I do often (swing trade.)

On the Daily chart there is no opa (overall price action) trend...it is in a range.

G/L

Quoting kaushal4444
alright I got it.... thx....

but just take this situation of EUR/USD....

How will you confirm that reversal in EUR/USD has took place?

Just take the current situation and tell me what price you will look it to confirm reversal in current EU trend
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  • #481,745
  • Jul 6, 2011 10:57am Jul 6, 2011 10:57am
Quoting OldQuant
While I can't by nature be as, uh, direct as some are here, I still have to ask: why would you hold something that long and that deep against you? It's not like it was a cute little kitten that had followed you home and you didn't have the heart to turn it away at the door.


Very well stated...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #481,746
  • Jul 6, 2011 10:57am Jul 6, 2011 10:57am
Quoting bidie
Anyone waiting for the friggin Aussie to fall and join the party?
Already in the party s from 0704. Fawker isn't playing very nicely! lol...
  • #481,747
  • Jul 6, 2011 10:58am Jul 6, 2011 10:58am
Quoting gatorinla
s 4337.7 again
Yeah & so closed longs here & waiting if go back to 4300 before 4349 test if serious enough for the retracement .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #481,748
  • Jul 6, 2011 10:59am Jul 6, 2011 10:59am
Quoting needpips
ENtry order at 40...I C 44....spread and all...
i said i close here. ill raise it 3, 4 pips. ... #481650
those who can, do. those who cant, talk about those who can
  • #481,749
  • Jul 6, 2011 11:00am Jul 6, 2011 11:00am
Quoting bidie
Anyone waiting for the friggin Aussie to fall and join the party?
Probably not... the drops are mostly due to the EU's debt problems right now. Australia is pretty isolated from that. While it may get dragged down with the crowd, it most likely won't be as magnified as the Euro. To get the most bang for your buck, trade currencies closest to the "contagion".
check out my blog: forexmademillionaire dot com
  • #481,750
  • Jul 6, 2011 11:01am Jul 6, 2011 11:01am
Quoting OldQuant
While I can't by nature be as, uh, direct as some are here, I still have to ask: why would you hold something that long and that deep against you? It's not like it was a cute little kitten that had followed you home and you didn't have the heart to turn it away at the door.

Brilliant.
  • #481,751
  • Jul 6, 2011 11:01am Jul 6, 2011 11:01am
Quoting Magix
It's a kewl tewl to be sure...

I have caught a couple nice trips on the volume surge from the M1s...as long as ya know what yer looking and just waiting on the reversals, it can be one fawk of a confirmation indimicator....
Yeah...going to put in some time with this one. Seen a few setups in supply or demand...volume spike...candle confirmation. Triple indimication of something brewing...is like a free feckin trade!
  • #481,752
  • Jul 6, 2011 11:02am Jul 6, 2011 11:02am
Quoting kiwidoc
Long term G/C if just one of the pairs that I'm looking at for a potential swing. Out of all the pairs today (that I know), I felt that the PA of that one had the most potential. If I was home earlier today, I would have entered E/U but I was too late and missed it. Instead of counter trading, I decided to sit it out and wait.
Potential swing but why? I still didn't see any reasoning behind. Long term for me means sitting on a position for at least 1 year and longer. To make such a decision PA of any given day doesn't mean much, fundies and outlook of a currency however do.
Don't get mad, get even!
  • #481,753
  • Jul 6, 2011 11:02am Jul 6, 2011 11:02am
Quoting bbmac
[today's lo being 61.8% of the 4100-4577 move)
Nice observation...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #481,754
  • Jul 6, 2011 11:03am Jul 6, 2011 11:03am
I'm out of tobacco.

Cloggie, if you are still around, you should collect the In the Mind of the Knife Catcher posts and post it wherever good training case studies like that should be posted.

Have a good NY day, ya'll.
  • #481,755
  • Jul 6, 2011 11:03am Jul 6, 2011 11:03am
ok technical tom....mine is 1.43379....I must be rounding differently...nice to C similiar things....oh....thanks for your help with them...

Quoting gatorinla
i got 4338.3 as a high
  • #481,756
  • Jul 6, 2011 11:03am Jul 6, 2011 11:03am
Quoting bbmac
Well, the downtrend only exists up to the 4hr t/f, printing a 2nd LL at today's current lo (although not a fractal swing yet) [today's lo being 61.8% of the 4100-4577 move)...so for me I would use exactly the same peak/valley analysis to determine a trend change, ie would need on this 4hr t/f (the longest t/f that the downtrend exists upon) to see at least a HL and HH for a trend change, but that is not to say that I won't trade counter trend because I do often (swing trade.)

On the Daily chart there is no opa (overall price action) trend...it...
thanks ....

Lots of time I heard about triangle completion or something similar to triangle...

What are these triangles? How are they made? What are its advantages?
Why they are used?
  • #481,757
  • Jul 6, 2011 11:04am Jul 6, 2011 11:04am
Quoting torontobboy2
I am looking for an oppertunity to buy these pairs:

EUR/USD
EUR/JPY
EUR/AUD
EUR/CHF

Will it be today, tomorrow, or not at all depends on what I see. But going long seems more appropriate to me at this point.

I will post if I do take a long position.
I used to think like you but the trend is now my friend-
-When you have a reversal of this size everyone that was long starts to sell to cover their short- then they also go short theoretically- that is why it makes such a dramatic move-

-Then the big players take the market down- they have been taking it up for months so they want to cash in on the short positions they built-

-Then the real money that needs to buy currencies to pay their employees have to make their purchase so the weight of trends in Forex can be really strong-

Thats my 2 cents-
  • #481,758
  • Jul 6, 2011 11:05am Jul 6, 2011 11:05am
Quoting OldQuant

Cloggie, if you are still around, you should collect the In the Mind of the Knife Catcher posts and post it wherever good training case studies like that should be posted.

You liked that eh? Got some flag for it here, but I think I got my point across for those who paid attention. I do have my bit of fun on good trending days like today, today being no exception.
  • #481,759
  • Jul 6, 2011 11:06am Jul 6, 2011 11:06am
Quoting kaushal4444
What are these triangles? How are they made? What are its advantages?
Why they are used?
Wait til the circle guy comes along...that'll really fawk with ya...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #481,760
  • Jul 6, 2011 11:07am Jul 6, 2011 11:07am
crackforex heads camel time

east is the way of salvation unless we close above 4360's get the dam pipe and enjoy
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