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  • #544,941
  • Sep 28, 2011 5:20pm Sep 28, 2011 5:20pm
Quoting Tom_D_Trader
Thanks for the analysis.

I didnt study ATR, yet. As volatility indicators I tested Stoch,RSI and percentage changes. For now, I am focusing on those pecentages.

Btw, I dunno what IMO means, going to google .

T.
A lot of the things I post are by general observation not absolutes. Watching the movement of the USD crosses and the EMA crosses I have seen a lot that fall in that 100ish area, and if exceed that, run to the 200...

ATR is typically based on daily movement, like an assumption of 130 per day top to bottom is safe as is 350 per week...giver take...

Rather then just measuring the highs to lows, I also watch for the fractal patterns that are some what consistent in repetition. This isnt for guessing tops and bottoms but more so to help me find reasonable profit target zones as well as making a plan ready for counter trends and scalps.

IMO=In My Opinion.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #544,942
  • Sep 28, 2011 5:22pm Sep 28, 2011 5:22pm
Quoting 2046
PA is Price Action
if you are looking for basic education, I can recommend babypips.com
Y, nice website indeed. I sometimes go there as I like their logic structures and sense of humour. Thou I am far beyond that.

T.
"I know one thing, that I know nothing." Sokrates
  • #544,943
  • Sep 28, 2011 5:28pm Sep 28, 2011 5:28pm
time for long trades guys
Attached Image (click to enlarge)
Click to Enlarge Name: longd1.gif Size: 60 KB
Trade or not to trade - that is the question...
  • #544,944
  • Sep 28, 2011 5:28pm Sep 28, 2011 5:28pm
Attached Image
  • #544,945
  • Sep 28, 2011 5:53pm Sep 28, 2011 5:53pm
Quoting Ssm
I am a faithful channel and SR player, exited all positions earlier at Mofu 3545 line. I will be looking at adding shorts should the price closed within the channel again.

GL to all.

http://i1116.photobucket.com/albums/...SD28092011.png
Yesterday post as planned.
Cleared all positions at MOFU line to be safe. Now sidelined to see if the channel is breakable before adding more shorts positions. Alternatively, I am a channel follower, will add shorts at the top of the channel.

http://i1116.photobucket.com/albums/...SD29092011.png
The true fact is market doesn't care, risk mgt is important.
  • #544,946
  • Sep 28, 2011 5:56pm Sep 28, 2011 5:56pm
Quoting Ssm
Yesterday post as planned.
Cleared all positions at MOFU line to be safe. Now sidelined to see if the channel is breakable before adding more shorts positions. Alternatively, I am a channel follower, will add shorts at the top of the channel.

http://i1116.photobucket.com/albums/...SD29092011.png
There seems to be a double top too IMO. Lets see how this doubletop pattern will work out. We are talking about asian session, when outcome of pattern are not very much predictable. Let's see.
The true fact is market doesn't care, risk mgt is important.
  • #544,947
  • Sep 28, 2011 6:00pm Sep 28, 2011 6:00pm
M5 bearish TK cross from around 3606 is about to end here at 3534.
retrace expeceted to 355x and next 357x
  • #544,948
  • Sep 28, 2011 6:02pm Sep 28, 2011 6:02pm
Quoting jezek5
Lol,thought so,can't be bothered though.
That's the spirit. You just got licked in the face by a big, overfriendly dog.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #544,949
  • Sep 28, 2011 6:06pm Sep 28, 2011 6:06pm
Quoting autopips
That's the spirit. You just got licked in the face by a big, overfriendly dog.
Thing is if he read any of my other post he would of seen
that i've been short oil today,called last night,short the Dow
called last night and i've been calling the DX up for the last
2 days so why should i be bothered about Cloggs,
he's a bloody good trader but....well you know.
You can remain irrational longer than you can remain solvent.
  • #544,950
  • Sep 28, 2011 6:07pm Sep 28, 2011 6:07pm
Quoting Magix
Interestingly enough, we have moved a standard ATR of play based on an EMA cross.

100 pips from where the 20 crosses the 200...

Point of interest, IMO...would watch for signs of buyers moving in, and waiting for the counter cross if taking a chance on the longs.
Counter trades on ATR counter + trigger on trend...



It's like free money, and that is like my fucking favorite kinda money!!!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #544,951
  • Sep 28, 2011 6:07pm Sep 28, 2011 6:07pm
As long as the bulls are holding current level I´m having confident in some retest of previous supply areas.. A drop lower should become a problem for bulls / opening a bunch of bearish options. Especially when it drops below .34850 area. ( 2nd chart looking a bit messy atm hmm )

http://img830.imageshack.us/img830/3064/28seppost.gif

http://img69.imageshack.us/img69/7495/28seppos2t.gif
  • #544,952
  • Sep 28, 2011 6:10pm Sep 28, 2011 6:10pm
Quoting jezek5
Thing is if he read any of my other post he would of seen
that i've been short oil today,called last night,short the Dow
called last night and i've been calling the DX up for the last
2 days so why should i be bothered about Cloggs,
he's a bloody good trader but....well you know.
I thought you took it well, hence post.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #544,953
  • Sep 28, 2011 6:11pm Sep 28, 2011 6:11pm
Quoting autopips
I thought you took it well, hence post.
Cheers mate.
You can remain irrational longer than you can remain solvent.
  • #544,954
  • Sep 28, 2011 6:17pm Sep 28, 2011 6:17pm
Quoting freakout
time for long trades guys
Well reasoned and carefully thought out. That chart tells me to go long so much that I'm going to go very, very long. Thanks.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #544,955
  • Sep 28, 2011 6:47pm Sep 28, 2011 6:47pm
Peeled a little profit on shorts from rejected daily roll...

Ride to see if there is anymore on the table.

Attached Image (click to enlarge)
Click to Enlarge Name: rejdr.jpg Size: 105 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #544,956
  • Sep 28, 2011 6:48pm Sep 28, 2011 6:48pm
Quoting Magix
Counter trades on ATR counter + trigger on trend...



It's like free money, and that is like my fucking favorite kinda money!!!
Nice 20 pips already. I am looking forward for examining ATR.
"I know one thing, that I know nothing." Sokrates
  • #544,957
  • Sep 28, 2011 6:55pm Sep 28, 2011 6:55pm
Quoting Magix
Peeled a little profit on shorts from rejected daily roll...

Ride to see if there is anymore on the table.

Off we go then. Next stop 3491, probably in about 3 hours time at this rate. Going to watch some paint dry.

Or 84 if they get a move on, which will be more exciting.
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
  • #544,958
  • Sep 28, 2011 6:59pm Sep 28, 2011 6:59pm
Quoting autopips
Off we go then. Next stop 3491, probably in about 3 hours time at this rate. Going to watch some paint dry.

Or 84 if they get a move on, which will be more exciting.
Wouldn't be counting on that just yet my friend...

Could happen, just not seeing it yet.

We put on a full out reversal from a new high to lower lows...DTEMA gunna need a tag before we go all out bear running...

I fecking love when they do this...range play is awesome!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #544,959
  • Sep 28, 2011 7:02pm Sep 28, 2011 7:02pm
For all those who blindly long this.

You might want to take a look at the commodity + safe heaven driven pairs (audusd, usdcad, nzdusd, audjpy, chfjpy, eurjpy) which are heavily correlated with eurusd.

As long as they keep sliding like this you might want to find a better reason then just "what goes down has to go up again" before betting the farm on a long.

gbpusd, eurgbp are never a bad choice either. eurusd will never move alone.

Do your research and understand the correlation / implications of moves of each pair.
  • #544,960
  • Sep 28, 2011 7:04pm Sep 28, 2011 7:04pm
Quoting Magix
Wouldn't be counting on that just yet my friend...

Could happen, just not seeing it yet.

We put on a full out reversal from a new high to lower lows...DTEMA gunna need a tag before we go all out bear running...

I fecking love when they do this...range play is awesome!
Never take anything for granted when the bastards are at work. DTEMA at about 44? Edit, no, 77?
"Sell? Sell? No! I can't Sell! I'll Sell When I'm Dead"
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