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EURUSD

  • #541,341
  • Sep 21, 2011 6:55am Sep 21, 2011 6:55am
Is it possible that a few shorts got trapped?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,342
  • Sep 21, 2011 6:59am Sep 21, 2011 6:59am
Quoting johnnyrei
Please take notice of this black channel on compressed 30m:
...and combine it with the red one:
Attached Image (click to enlarge)
Click to Enlarge Name: ombination.png Size: 40 KB
  • #541,343
  • Sep 21, 2011 7:00am Sep 21, 2011 7:00am
Quoting johnnyrei
Please take notice of this black channel on compressed 30m:
despite your beautiful channels, we are now in demand zone. Definitely this will become a double bottom.

Forgive my handwriting on the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: double top.gif Size: 34 KB
Have I got something on my face, SOLDIER?
  • #541,344
  • Sep 21, 2011 7:00am Sep 21, 2011 7:00am
Stop buy set at 3670 target 3777 stop 3633
  • #541,345
  • Sep 21, 2011 7:01am Sep 21, 2011 7:01am
Quoting mla
Is it possible that a few shorts got trapped?

mla
No

mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,346
  • Sep 21, 2011 7:01am Sep 21, 2011 7:01am
same drill from the 60 area. sl at be and scaled out.

EDIT:We now have an hourly close below the range.
Attached Image
REQUESTING NO VOUCHES.Vouches are useless.
  • #541,347
  • Sep 21, 2011 7:02am Sep 21, 2011 7:02am
.3650

seems fair and cheap price at the moment...
  • #541,348
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
Quoting jabbawest
GoldMan, would you be so kind as to post an example and explain a little further?

Thank you
I post 15M, H4 and weekly chart because i think chart can explain it in a best way. You can see very well how i then switch to 15 minute chart and how well those weekly and H4 SD zones work. You can find more info from bumapatria thread where I tried to explain it a littel. I hope you got a little idea now what i ment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd weekly t.png Size: 63 KB
Click to Enlarge Name: eurusd H4 t.png Size: 67 KB
Click to Enlarge Name: eurusd m15 t.png Size: 78 KB
  • #541,349
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
evening peoples

In time for USA, seller been doing fine today so far, all ladies still stuck below weekly open, Bring on NY

Is exciting times ahead, trade carefully
If you are new to Forex? Say Goodbye to your account!!
  • #541,350
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
Quoting johnnyrei
...and combine it with the red one:
i dont know if you were here when this 'tree' guy (thats what his profile picture was) had a messy colorful chart massacre-style.

You sure you can read all those channels and levels?
Have I got something on my face, SOLDIER?
  • #541,351
  • Sep 21, 2011 7:05am Sep 21, 2011 7:05am
i dont know how gold affects currencies but im short on gold, and theres a nice sell-off in gold heres a 4 hourly chart. isnt it basically against the dollar? so if dollar strong, then move down. if dollar weak move up?
Attached Image (click to enlarge)
Click to Enlarge Name: gold short.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #541,352
  • Sep 21, 2011 7:06am Sep 21, 2011 7:06am
We just closed below 1.3648 on hourly. There is a possibility we will be visiting 1.3589. Not a big one though.. I found this channel on 8hr few seconds ago. Now I know why we bounced off 1.3713 so quickly yesterday;
Attached Image (click to enlarge)
Click to Enlarge Name: 8h.png Size: 34 KB
  • #541,353
  • Sep 21, 2011 7:08am Sep 21, 2011 7:08am
Quoting bumapatria
despite your beautiful channels, we are now in demand zone. Definitely this will become a double bottom.

Forgive my handwriting on the chart:
Yes - totally agree with demand zone - notice red channel also - nice handwriting
  • #541,354
  • Sep 21, 2011 7:09am Sep 21, 2011 7:09am
stopped out at break even after scaling out for about 17 pips.Break time. up about 60 pips for this morning.
REQUESTING NO VOUCHES.Vouches are useless.
  • #541,355
  • Sep 21, 2011 7:11am Sep 21, 2011 7:11am
Quoting bumapatria
i dont know if you were here when this 'tree' guy (thats what his profile picture was) had a messy colorful chart massacre-style.

You sure you can read all those channels and levels?
Quoting johnnyrei
I see dead people...

http://www.youtube.com/watch?v=3aDq7xlbdc4
sure I can - I just switch to lower time frame and they get clearer - anyways, once we are out of them, I usualy delete them.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.png Size: 35 KB
  • #541,356
  • Sep 21, 2011 7:13am Sep 21, 2011 7:13am
Quoting Pegasus54
stopped out at break even after scaling out for about 17 pips.Break time. up about 60 pips for this morning.
If price takes off to the downside while I am gone then I will just catch a retracement.
REQUESTING NO VOUCHES.Vouches are useless.
  • #541,357
  • Sep 21, 2011 7:14am Sep 21, 2011 7:14am
Quoting Pegasus54
If price takes off to the downside while I am gone then I will just catch a retracement.
dont worry man, its small moves. You did a good job past couple o' days. extreme harcore scalping.

Now we put our breakout mindsets on.
Have I got something on my face, SOLDIER?
  • #541,358
  • Sep 21, 2011 7:16am Sep 21, 2011 7:16am
Quoting GoldMan.
I post 15M, H4 and weekly chart because i think chart can explain it in a best way. You can see very well how i then switch to 15 minute chart and how well those weekly and H4 SD zones work. You can find more info from bumapatria thread where I tried to explain it a littel. I hope you got a little idea now what i ment
Nicelly done, GM.
  • #541,359
  • Sep 21, 2011 7:18am Sep 21, 2011 7:18am
Quoting bumapatria
despite your beautiful channels, we are now in demand zone. Definitely this will become a double bottom.

Forgive my handwriting on the chart:
It's not really a demand zone but we are near at weekly demand zone 1.3636 ( the one that price touched and then jumped up a littel).
Now remember weekly demand zones are usually very large and price may rush into them and stay there long time, if you look 15 min chart and price hit weekly demand level then this dosen't mean you should hurry and buy. You just know that we are in area that investors like to close shorts and buy. If you scalp by looking SD levels then best are small timeframe SD zones, this is very important and i hope everyone understands
  • #541,360
  • Sep 21, 2011 7:21am Sep 21, 2011 7:21am
Quoting GoldMan.
It's not really a demand zone but we are near at weekly demand zone 1.3636 ( the one that price touched and then jumped up a littel).
Now remember weekly demand zones are usually very large and price may rush into them and stay there long time, if you look 15 min chart and price hit weekly demand level then this dosen't mean you should hurry and buy. You just know that we are in area that investors like to close shorts and buy. If you scalp by looking SD levels then best are small timeframe SD zones, this is very important and i hope everyone...

Yeah, makes sense.
btw, im not scalping. im leaving the longs now to do their workk.
Have I got something on my face, SOLDIER?
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