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  • #541,961
  • Sep 21, 2011 11:22pm Sep 21, 2011 11:22pm
Quoting hindustani
forexboom did we reach 1.4500 ??
of course we did. cant u see my chart here below? see that big bullish candle, it actually reached. 2.0000

anyways long gold 1778.85, and oil at 84.51.
Have I got something on my face, SOLDIER?
  • #541,962
  • Sep 21, 2011 11:34pm Sep 21, 2011 11:34pm
Net Shorts

Wagers by hedge funds and other large speculators on a drop in the euro climbed to 54,459 in the week ended Sept. 13, the largest so-called net short position since July 2010 data, and down from net longs of 2,539 on Aug. 23, statistics from the Washington-based Commodity Futures Trading Commission show.




What happen when all of them decided to take some profit off the table. Note that it mention OTHER <LARGE SPECULATORS> and LARGEST SO-CALLED NET SHORT POSITION.

EUR/USD is now at the lower end of the channel... unless it broke the channel with new supply... chance is that some of them is likely to take profit and retracement may be near.... and euro likely to trade within the channel.... It can't jump straight down to 1.300 overnight.

Anyone sharing the same thought?




Quoting merkel
I must agree that Dennis Gartman has been doing poorly recently--one need only look up the ETF that follows his newsletter. I am curious where you get the exact 69% failure rate from, though, please cite the source.

The zerohedge article was only to mention the Morgan Stanley prediction of the Euro. The same news was also on Bloomberg, in an even more dire picture of the EUR:

http://www.bloomberg.com/news/2011-0...r-at-1-25.html

So when Gartman recommends a trading...
  • #541,963
  • Sep 21, 2011 11:35pm Sep 21, 2011 11:35pm
Quoting mla
Sorry about my ignorance, what is it?

Cheers
mla
A support zone is where buying takes place.

A close up of my earlier chart. Good chances of upward bounces at those black lines within the red block. But dont get too greedy if you decide to buy at these points. Keep decent stoploss, take profit and run like a thief. 1:1 risk/reward.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled94.jpg Size: 71 KB
The Thief of Wall Street
  • #541,964
  • Sep 21, 2011 11:44pm Sep 21, 2011 11:44pm
Quoting johncen
all ladies at support bro...
reaction will be very interesting...
will probably try some long here....tight sl..
might wrk
Hi Bro, just see post, had crappy isp all week, mainly phone trading, till they sort it out, is a pain.

Yes girls at support, EU AU prety obvious, need some gbp strength to get the other 2 rolling, they just wallowing at the moment, checking Brit news now,

Remember bottoms take longer to form than tops, so go scalp mode pb etc until it either sticks or support brakes
Times like this I trade bit different, is pre emtive scalp hoping for runner, but example, I enter 2 smaller trades on triggers, if pa behave move +20 30 pips, I pb 1/2 of 1 lot and move sl to be, the 2nd trade I leave sl at -10, If pa give anothe 20 - 30 I will close the 1/2 lot completely and move the sl on the full lot to 20- it is essentially a free trade with -20 sl risking only the spread, it sounds complecated, but its not,
Getting stopped with tight sl on a possible good trade, is ok but frustrating
The -20 should be below the present low, plus any other S&R TL,s Fib,s Physc levels, the more the better, so is important these are in reach before you enter,

Worth think about anyway

London will kick these girls butts bro be ready
If you are new to Forex? Say Goodbye to your account!!
  • #541,965
  • Sep 21, 2011 11:46pm Sep 21, 2011 11:46pm
Quoting erelation

EUR/USD is now at the lower end of the channel... unless it broke the channel with new supply... chance is that some of them is likely to take profit and retracement may be near.... and euro likely to trade within the channel.... It can't jump straight down to 1.300 overnight.

Anyone sharing the same thought?
I agree, it's not going down to 1.30 right away. I do believe the drop will be pretty swift, nonetheless. I wouldn't get into a long-term buy on the EUR though, with the high probability of more bad news out of Europe in the next few days... The only thing that could have hugely devalued the dollar (QE3) didn't happen, so now all eyes are on Europe again. Then again, there may also be good news (a miracle like Germany agreeing to Eurobonds), but to be honest I wouldn't count on it.

I'm off to bed, happy trading all.
  • #541,966
  • Sep 21, 2011 11:49pm Sep 21, 2011 11:49pm
expecting good move up later on US session open. oil and gold are going up. or at least expected to. both are on demand levels.
Have I got something on my face, SOLDIER?
  • #541,967
  • Edited Sep 22, 2011 12:05am Sep 21, 2011 11:54pm | Edited Sep 22, 2011 12:05am
Morning , so it breaks down to the base again & logically should not break to further down & so will maintain long only trades wherase usdx taken strong bull further with last limit at top 78.76 not so far, good stop at 78.44 & expect it fail the last leg 5th wave within.
price at low range in both h1 & daily tf not . inclined to down though both .
audjpy,audusd,gbpjpy temporary tp meet ,gold earlier . they all now waiting next action.only gj long activated at very bottom ,breaks though .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 18 KB
Click to Enlarge Name: usd5.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #541,968
  • Sep 22, 2011 12:00am Sep 22, 2011 12:00am
Quoting fontu
Morning , so it breaks down to the base again & logically should not break to further down & so will maintain long only trades wherase usdx taken strong bull further with last limit at top not so far & expect it fail the last leg 5th wave within.
price at low range in both h1 & daily tf not . inclined to down though both .

fontu
hI fontu,

should the usdx, used as an indication of future price movement or current price movement?
Have I got something on my face, SOLDIER?
  • #541,969
  • Sep 22, 2011 12:16am Sep 22, 2011 12:16am
Quoting Chicky
A support zone is where buying takes place.

A close up of my earlier chart. Good chances of upward bounces at those black lines within the red block. But dont get too greedy if you decide to buy at these points. Keep decent stoploss, take profit and run like a thief. 1:1 risk/reward.
Cheers, my friend. How do you calculate those support levels?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,970
  • Sep 22, 2011 12:18am Sep 22, 2011 12:18am
Quoting bumapatria
expecting good move up later on US session open. oil and gold are going up. or at least expected to. both are on demand levels.
How do you calculate demand/supply levels?

Cheers
mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,971
  • Edited 12:42am Sep 22, 2011 12:19am | Edited 12:42am
Quoting bumapatria
hI fontu,

should the usdx, used as an indication of future price movement or current price movement?
future telling is on analysis with logics only as to what possible and what not + - for every pair & so usdx also . Analysiing for both future & all dealing with current market action . there are some % variation in action for different pairs in relation to it but every dependent upon this one only apparently.


again some add to it about usdx chart , at top h1 & daily range , weekly,H4 in confirmed sell signal but waiting action in time , daily in sell set up perfection in turmoil & H1 now in sell cd 12th running , need 1 more hour for 1 or more hours play to have the confirm signal there .also in bull rally 7th candle now so fixed 2 candles for a set up perfection may get ,any will suggest the possible sell start at least even in range /MOFU. again when come into the scene, both usdx & eu now in it .

anyway handle with extreme care as this lady if too volatile & make a different decision , breaks the limit up with any up then. pullback can turn push back.so to change colour with it .
thanks ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd3.gif Size: 9 KB
Click to Enlarge Name: usd2.gif Size: 9 KB
Click to Enlarge Name: usd1.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #541,972
  • Sep 22, 2011 12:22am Sep 22, 2011 12:22am
Quoting mla
Cheers, my friend. How do you calculate those support levels?

mla
Use 6 monitors, one for each of these charts:

1. Monthly
2. Weekly
3. Daily
4. 8 Hour
5. 4 Hour
6. One hour

Then, with a pink marker put a dot on each chart. If dots on any two charts
are at the same price level, this becomes a support level.

Ps - don't forget to close your eyes (both of them) before putting the dot.
The Thief of Wall Street
  • #541,973
  • Sep 22, 2011 12:29am Sep 22, 2011 12:29am
Quoting Chicky
Use 6 monitors, one for each of these charts:

1. Monthly
2. Weekly
3. Daily
4. 8 Hour
5. 4 Hour
6. One hour

Then, with a pink marker put a dot on each chart. If dots on any two charts
are at the same price level, this becomes a support level.

Ps - don't forget to close your eyes (both of them) before putting the dot.
I am completely lost.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,974
  • Sep 22, 2011 12:30am Sep 22, 2011 12:30am
http://www.forexfactory.com/showthre...17#post4976617
/ ... clarifying decisions ... /
  • #541,975
  • Sep 22, 2011 12:32am Sep 22, 2011 12:32am
Quoting mla
I am completely lost.

mla
I see now, you are Chicky. Silly me

mla
"The Heart is the hub of all dances; go there and chill out"
  • #541,976
  • Sep 22, 2011 12:37am Sep 22, 2011 12:37am
Quoting mla
I see now, you are Chicky. Silly me

mla
I was searching for this post. It gives the detail how I calculate support/resistance levels. The previous post was just a joke, but not this one.

http://www.forexfactory.com/showthre...24#post4726024
The Thief of Wall Street
  • #541,977
  • Sep 22, 2011 12:42am Sep 22, 2011 12:42am
Quoting KiwiTrada
Hi Bro, just see post, had crappy isp all week, mainly phone trading, till they sort it out, is a pain.

Yes girls at support, EU AU prety obvious, need some gbp strength to get the other 2 rolling, they just wallowing at the moment, checking Brit news now,

Remember bottoms take longer to form than tops, so go scalp mode pb etc until it either sticks or support brakes
Times like this I trade bit different, is pre emtive scalp hoping for runner, but example, I enter 2 smaller trades on triggers, if pa behave move +20 30 pips, I pb 1/2 of...
lovely plan bro..My 1st try stopped out @ BE...but missed 2nd entry..
I am waiting for london...bounce off support or further down..london will tell..
Kiwi below 0.8 again..but 0.7950 level strong support...
Patience, Emotion Control and Discipline.
  • #541,978
  • Sep 22, 2011 12:44am Sep 22, 2011 12:44am
Quoting johnnyrei
Market is trying to touch bottom side of the downward channel on my h1 - I have pending buy @ 1.3538- sl 25pips, tp 1.3620. My tp in this case is opened. Willing to risk 25 pips for good long. Personally I expect retracement from these lows - good one - thinking about at least 1.3648 again tomorrow.Will go to sleep soon so will check out how did it go tomorrow morning. Trade well guys
Mornig Guys - order got filled - i put my sl at be +1 - let's c what happens
  • #541,979
  • Sep 22, 2011 12:48am Sep 22, 2011 12:48am
Quoting Chicky
Let's bookmark this page

http://www.forexfactory.com/attachme...1&d=1309044018
That was Jun 25, 2011. It bounced off from this dotted line few days ago. Pa is now about to retest this dotted line.
The Thief of Wall Street
  • #541,980
  • Sep 22, 2011 12:54am Sep 22, 2011 12:54am
Quoting Chicky
I was searching for this post. It gives the detail how I calculate support/resistance levels. The previous post was just a joke, but not this one.

http://www.forexfactory.com/showthre...24#post4726024
Sorry, I do not trust you anymore. But when I got a bit of time I will look at it.

By the way do you know that when you connect to points with a line, the line is not really there but it is under the previous swing low?

mla
"The Heart is the hub of all dances; go there and chill out"
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