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  • #574,441
  • Dec 14, 2011 12:06am Dec 14, 2011 12:06am
Right now chart doesn't mean anything. Can anyone tells me what will bring bull back to life? Red flag?
  • #574,442
  • Dec 14, 2011 12:09am Dec 14, 2011 12:09am
Quoting DeafPipster
Right now chart doesn't mean anything. Can anyone tells me what will bring bull back to life? Red flag?

Flags would just reignite the bears.
Enter Signature
  • #574,443
  • Dec 14, 2011 12:19am Dec 14, 2011 12:19am
Quoting 21vs7
The suspenZ is killing me!

So, we have power for one more leg here? We need a 60 pipper run down to cash in and reverse for a nice kačing retrace there.
....
  • #574,444
  • Dec 14, 2011 12:24am Dec 14, 2011 12:24am
Quoting the redlion
how many trading days in a month?

5.5 in a week
5.5(4)=22

however i simplified that to a 20 day it really doesnt make much difference

take the last 20 closing prices and divide by 20 that is the average, which is a simple moving average of 20.
you can get the mode, or the mean, if you like but the concept is the same. we want to figure out what the fair market value is, as a reference for mean reversion, that is actually what moving averages are for, not really for b/s interactive s/r lines or for cross over b/s. it is a way to use mathematics...

Thank you sir for the most complete answer I think I have seen on this site. It is appreaicted.
  • #574,445
  • Dec 14, 2011 12:29am Dec 14, 2011 12:29am
Hello again.

Trend still bearish .. have some reverse bearish divergence in h1..

A big drop yesterday , Now support @ 1.2981 and 1.2932 if it fail E/U will probably down to 1.20

waiting for Bank and Big investor to buy ...but when ?

Credit outlook of EU went badly every day......

No good new for EU.....


for today it think we will see some upside attempt 2-3 times

and if it fail to stand over DPP (1.3093) ...no hope for bull

if you want play in this game SCALP only... if other..be careful with your SL

GOOD LUCK
  • #574,446
  • Dec 14, 2011 12:37am Dec 14, 2011 12:37am
Morning all,

Everything worked fine, hope you are on a safe side for now!

As saying it for the last 3? weeks, DAX broke some foooking gloriuous trendline few 3 weeks ago...and again broken it last week. We saw a continuance here. Riding it Santa Claus style!

Same to say about S&P.

All this and environment we are in now...was a sure investment there!

Of course JPY and USD are the main drivers in this situations.
_________________________________

Loots of news today.

We have GBP data working for GBP across the board. Will see if we get a reaction there.
Cable stopped to the pip on the trendline there. If broken-another leg of mayhem coming up.

News for CHF and EZ later on.

Important auctions today from Italy and Germania. Will surely put us on the right track there. And later on our friends - NY NY.

Italy 7,08% atm.

Waiting for Frankie and Laandan to prepare us add ons or reversal signs to trade them with pawaar!

Good setups!
  • #574,447
  • Dec 14, 2011 12:48am Dec 14, 2011 12:48am
Buy now At .3030
Always Learn,..
  • #574,448
  • Dec 14, 2011 12:51am Dec 14, 2011 12:51am
Quoting 21vs7
Morning all,

Everything worked fine, hope you are on a safe side for now!

Of course JPY and USD are the main drivers in this situations.
_________________________________

Good setups!
Can scalps be made also in trend direction?
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  • #574,449
  • Dec 14, 2011 12:51am Dec 14, 2011 12:51am
Quoting syahjo
Buy now At .3030
Do you want me to Buy at .3030 and sell at .2769?
The Thief of Wall Street
  • #574,450
  • Dec 14, 2011 12:52am Dec 14, 2011 12:52am
Quoting syahjo
Buy now At .3030
On what basis ???

Before recommending a trade, you should clearly explain your reasoning. For all we know you could be throwing a dart at a black and white poster... lol
  • #574,451
  • Dec 14, 2011 12:53am Dec 14, 2011 12:53am
we sud see 1.2890 this week thinking of long there with tight stop ,this knife just not easy the more it falls the sharper it gets
  • #574,452
  • Dec 14, 2011 12:53am Dec 14, 2011 12:53am
Short at 1.3033, SL to BE+1, 10 lots. At least I got 100 bucks on that ^_^

LE : Me thinks that Frankie's gonna drop it. Me gusta.

SL hit, gonna try and short it once again before going for work.
Please, just slap me around if I'm being silly ...
  • #574,453
  • Dec 14, 2011 12:53am Dec 14, 2011 12:53am
Quoting 21vs7
Can scalps be made also in trend direction?
Scalps are best when placed in the direction of the immediate trend.

I scalp a from a 5 minute chart of the 15 minute trend, and scalp the 15 minute chart from the 1 hour trend for short term opportunities.
  • #574,454
  • Dec 14, 2011 12:54am Dec 14, 2011 12:54am
EURUSD 4hr - i vote retracement first



http://a.yfrog.com/img808/6451/5xwhd.jpg
  • #574,455
  • Dec 14, 2011 12:54am Dec 14, 2011 12:54am
Quoting syahjo
Buy now At .3030
why do u buy in the middle of nowhere? 3030 is no resistance and no support. its just a random decision - nothing more than gambling...
  • #574,456
  • Dec 14, 2011 12:55am Dec 14, 2011 12:55am
Quoting 21vs7
Can scalps be made also in trend direction?

One of the setups today could be...we break this 26 here...we need at least few gentle close on 15m under that...or a vicious red bar there.

That would put Laandan into position to materialize next level - 1,2970.

Who said december is a bijatch!?
  • #574,457
  • Dec 14, 2011 12:56am Dec 14, 2011 12:56am
Quoting MidasFX
Scalps are best when placed in the direction of the immediate trend.

I scalp a from a 5 minute chart of the 15 minute trend, and scalp the 15 minute chart from the 1 hour trend for short term opportunities.

Agreed. The question is...you sold 50 now? That would be solid move right there for ya
  • #574,458
  • Dec 14, 2011 12:58am Dec 14, 2011 12:58am
Die-cember is an excellent month to lose your years profits. I just want to thank everyone who will be contributing to my bottom line this year. ^_^
  • #574,459
  • Dec 14, 2011 12:59am Dec 14, 2011 12:59am
Quoting 21vs7
One of the setups today could be...we break this 26 here...we need at least few gentle close on 15m under that...or a vicious red bar there.

That would put Laandan into position to materialize next level - 1,2970.

Who said december is a bijatch!?
Gm 21! How long have u been up? Do u ever sleep?
  • #574,460
  • Dec 14, 2011 1:00am Dec 14, 2011 1:00am
Quoting 21vs7
Agreed. The question is...you sold 50 now? That would be solid move right there for ya
at this moment is dangerous to trade any strategy ... best to get this break south, or wait till the market clears up and defines a better direction. honestly this is just a total cluster FK right now. Only eager beavers trade this crap.
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