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  • #560,861
  • Nov 10, 2011 7:23pm Nov 10, 2011 7:23pm
usdx is at an indecision point, we should know by end of china start of london, which way to go short term. Whichever it is OB/OS I'll take a CT.
  • #560,862
  • Nov 10, 2011 7:33pm Nov 10, 2011 7:33pm
Quoting BrusLi
EURUSD broke my blue channel's bottom, and I just couldn't stand aside.
Nice move. If you look at the 15-minute bars on the Dow, you'll see that it broke a trendline and then reversed to re-test and give it the kiss goodbye.

I'm rooting for you as I'm also sitting on three short positions from higher prices on the Euro. The fundamentals are in our favour, as is the Elliot Wave count. Add to all that a nice technical entry as you just did and you have a nice high-probability trade.
Channeling profits from the fractal universe.
  • #560,863
  • Nov 10, 2011 7:33pm Nov 10, 2011 7:33pm
I made long from 1,5982 with TP 1,640 after short rally today now for me it will trief to reach this resistance. Any suggest?
  • #560,864
  • Nov 10, 2011 7:34pm Nov 10, 2011 7:34pm
i am still 10th in the competition which is kinda sucks but i had 2 workshops all day long at work and couldn't trade anything last 2 days... and i could see the leaders flying already although i know that some of them will get a margin call later next week but it will be tough to catch up if i stay busy

http://www.fxservice.com/contest/rest-of-the-world/
When life gives you lemons, make lemonade
  • #560,865
  • Nov 10, 2011 7:40pm Nov 10, 2011 7:40pm
Me too. Actually, it stinks.
Quoting Wavesurfer
I smell a breakout to the downside!
forget about tomorrow, just steal away into the night
  • #560,866
  • Nov 10, 2011 7:55pm Nov 10, 2011 7:55pm
A break of 36099 will lead to 36948. 36099 is being a hard nut to crack though.
  • #560,867
  • Nov 10, 2011 8:15pm Nov 10, 2011 8:15pm
Greetings everyone
I'm very junior here(this is my first post), so I'll be glad if someone remind me for my mistakes. And I'm sorry if there will be words or sentences that can't be understood easily since I am an Indonesian with minimum experience in English conversation and still try to learn more :nerd:
-------------------------------------
So let's get back to the topic...
Looks like my downtrend "security line" has breached but with hesitation. Strange... usually my Triangle method works, once it breakout the Triangle it usually will increase the "speed" following the breakout direction. But not now...
Can anyone explain, are my lines in the right place or not?
Thank you.
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Always need advices
Attached Image (click to enlarge)
Click to Enlarge Name: EU+2011-11-11+08.41.JPG Size: 58 KB
No Bullish, no Bearish... Only Greenish...
  • #560,868
  • Nov 10, 2011 8:28pm Nov 10, 2011 8:28pm
Quoting LongTrmScalp
Greetings everyone
I'm very junior here(this is my first post), so I'll be glad if someone remind me for my mistakes. And I'm sorry if there will be words or sentences that can't be understood easily since I am an Indonesian with minimum experience in English conversation and still try to learn more :nerd:
-------------------------------------
So let's get back to the topic...
Looks like my downtrend "security line" has breached but with hesitation. Strange... usually my Triangle method works, once it breakout the Triangle it usually will...
Well you have to remember that patterns in the market do not ALWAYS signal a particular type of move. In some cases, triangles do not result in major breakouts of any sort. The best advice I can give you is extend your triangles to the levels they should be at according to the new data from the market and wait for another possible breakout signal.
  • #560,869
  • Nov 10, 2011 8:48pm Nov 10, 2011 8:48pm
WELL , CAN u back this up with some charts ?

Quoting factorof2
The best advice I can give you is extend your triangles to the levels they should be at according to the new data from the market and wait for another possible breakout signal.
  • #560,870
  • Nov 10, 2011 8:53pm Nov 10, 2011 8:53pm
Quoting GreatNorth
A break of 36099 will lead to 36948. 36099 is being a hard nut to crack though.
Broke! Hurdles to 36948 are 36436 and 36682
  • #560,871
  • Nov 10, 2011 8:53pm Nov 10, 2011 8:53pm
how do u all deal with breakouts and fake break outs ? which indicator can have the highest probability of getting the job done ?
  • #560,872
  • Nov 10, 2011 8:54pm Nov 10, 2011 8:54pm
Quoting tankokjian
WELL , CAN u back this up with some charts ?
Well if the consolidation continues like it has on his chart, all he has to do (mathematically speaking) is reduce the absolute value of the slopes of those lines until they contain the new range. It's not a matter of backing it up with charts, it's just looking at his and knowing instinctively how to draw the new triangles. It's really as simple as below in this case, the top trend line's absolute value was unchanged, while the bottom one was reduced.

As a test, go and find a triangle formation, and then draw possible previous triangles. The obvious question to ask yourself is why did it not break out of the previous triangles convincingly? The answer is, a triangle doesn't GUARANTEE a breakout, but it indicates one is likely at some point in the future. How extreme the consolidation becomes before this happens is a function of market action, news, volume, volatility etc.

As you can see, on this chart alone there are quite a few possible triangles, but in general, they are all part of the same "triangle system" for lack of a better description. One thing to take note of in this situation however, is that the bottom lines of these triangles are all falling in terms of slope value.
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  • #560,873
  • Nov 10, 2011 10:11pm Nov 10, 2011 10:11pm
I am start build a sell position around 3632 sl above 3650
If you are new to Forex? Say Goodbye to your account!!
  • #560,874
  • Nov 10, 2011 10:32pm Nov 10, 2011 10:32pm
The market is so quite...so silence...so calm...no big news releases today?
  • #560,875
  • Nov 10, 2011 10:37pm Nov 10, 2011 10:37pm
It's a bank holiday today in most parts...

Quoting Liza J
The market is so quite...so silence...so calm...no big news releases today?
  • #560,876
  • Nov 10, 2011 10:41pm Nov 10, 2011 10:41pm
us is on bank holiday, there is a chance that whatever trend europe will give, it will be a continuation... or a slow market
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #560,877
  • Nov 10, 2011 10:41pm Nov 10, 2011 10:41pm
Quoting KiwiTrada
I am start build a sell position around 3632 sl above 3650
what's your TP expectation ?

below 1.3483 ?
  • #560,878
  • Nov 10, 2011 10:42pm Nov 10, 2011 10:42pm
Quoting KiwiTrada
I am start build a sell position around 3632 sl above 3650
me too bro but 3625
Patience, Emotion Control and Discipline.
  • #560,879
  • Nov 10, 2011 10:42pm Nov 10, 2011 10:42pm
im having a limit sell position @ 1.3650 stops 10 pips target 1.35
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #560,880
  • Nov 10, 2011 10:46pm Nov 10, 2011 10:46pm
if 1.365 wouldnt work, ill go as far as 1.3675 with 10 pips stops. target 1.35
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There is Time for Bull, and Time for Bear. and so be the Wolf.
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