hi everyone..
here i have attached my tech analy.. pls do comment since im new to tis biz...
regards.. SS
here i have attached my tech analy.. pls do comment since im new to tis biz...
regards.. SS
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DislikedIf you look at the Eur/Jpy move A to where you have your HL, and move C to where A is in your chart, This is the waveIgnored
DislikedI think I Got it now hansma, thank you very much
To summarize, if you are looking for a long you look for a new HL, there will be many of these so you look for one where after the HL price shoots up, then wait for price to retrace into the initial break out area, as attached example?Ignored
DislikedYes but your A and C are still to high up. Look at where you have your C
and where it pulled back to. This is where the up move really starts (looks like the candle that is located at the letter i ) in your point A marking.
HansIgnored
DislikedNo problem Mate, But please remember that there are 1 and 4 hour levels that might kill the setup before you get carried away using the fib tool on the 15 min. Be sure to check.
Happy trading to you
HansIgnored
DislikedAnd there are news event whipsaws that can kill FE study setups on any reasonable TF we might trade. Right, hansma?Ignored
Disliked...Now how did I come up with those charts/lines where price pulled off to the pip if they were not already calculated into price, or news event whipsaws as you call them ?? Price thinks ahead of you as a trader and so do I.Ignored
Disliked...Anyways I think my tour of duty has come to an end in this thread -and Iīll move on, alone with my crazy ideas and charts.
Regards,
Hans/hansmaIgnored
DislikedYes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters."
Those who think that price action is random see news as the cause of price movement, when news is not the cause, but merely the catalyst for what was already writ in the past price action. In other words, news may be the fuse, but price itself is the bomb - and price itself already contains whatever explosive...Ignored
Disliked...Where the markets moves is determined by those who moves the market; investors, politicians, bucket shop speculators, ect. Charts and lines/trends are nothing more than just that, lines/trends, trying to guess where the price action will be. ....Ignored
DislikedDear Tah,
Yes and No,
Remember when I posted some of my crazy charts/lines a couple of month ago that attracts the BBīs like fireflies
Now how did I come up with those charts/lines where price pulled off to the pip if they were not already calculated into price, or news event whipsaws as you call them ?? Price thinks ahead of you as a trader and so do I.
Thatīs why I sometimes wait days for price to get into the area I want it to be in - the latest one being one from Aug 23 on Eur/Usd which I called a simple chart with bullish divergence...Ignored
DislikedSounds like TAH-lite.
As a trader, you can either be someone who makes things happen, or you can be someone to whom things happen.
You choose.
Honestly, if this were mere guesswork, I wouldn't do it. There'd be no edge.
There are traders (those who make things happen) and there are victims who think they are traders (those to whom things happen).
Right now, you are a victim. But that is your choice. You can study SonicR and Fibs and become a trader. Or you can pretend to understand SonicR and rant about the Big Boys and news spikes and...Ignored
DislikedPoss short for Eur/Aud for next week? No volume now because its the weekend.
The last time it hit that low as Aug 17th and the fundies for this month as been against the Euro and in fav for Aud.
Thoughts?Ignored
DislikedYes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters."
Those who think that price action is random see news as the cause of price movement, when news is not the cause, but merely the catalyst for what was already writ in the past price action. In other words, news may be the fuse, but price itself is the bomb - and price itself already contains whatever explosive...Ignored
DislikedLooks like it was trending down since i posted the last pix. Can anyone help analyze it?Ignored
DislikedNow we are in Asian Session + UK Bank holiday..
THinking of getting into trade? Man..U got the addiction problem..
Check this out..
http://www.youtube.com/watch?v=Io7Yuol8kd8
SonicIgnored
DislikedHi,
Is it best to stay out today because of the holiday? But can we still trade normally in the US session?
EvilmasterIgnored