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  • #582,261
  • Jan 10, 2012 5:54pm Jan 10, 2012 5:54pm
Quoting samdani786
Hey Samdani,
I always love your charts- they are good and make me smile
  • #582,262
  • Jan 10, 2012 5:57pm Jan 10, 2012 5:57pm
Quoting gfs
I was more talking about predicting future prices using technical analysis..
But very fair points Mohan.
i don't use any indicator , i only looking @ Support and Resistant. if i am wrong i have sl to protect me .

technical works because most people using it
Mohan
  • #582,263
  • Jan 10, 2012 5:58pm Jan 10, 2012 5:58pm
any ideas in the sudden 15 pip drop in most major pairs?
  • #582,264
  • Jan 10, 2012 6:00pm Jan 10, 2012 6:00pm
Quoting jackcheah
any ideas in the sudden 15 pip drop in most major pairs?
looks pre Tokyo magic followed by stops
Mohan
  • #582,265
  • Jan 10, 2012 6:03pm Jan 10, 2012 6:03pm
"Price is a function of supply and demand"

This is exactly how people buy homes, cars, Black Friday shopping, etc

Stocks and currencies too.

Theoretically, they go shopping in droves when the price is at what they believe is historic lows or near that price. SUPPORT LINES

They keep their wallets and themselves home more when they believe prices are at all time highs or near that. RESISTANCE LINES



Quoting gfs
I suppose they are good for start ups. But in my view it is only gambling when using all indicators. Funny that nobody is looking for support or resistance to predict food prices or car prices or barber's fees right?
These are the prices too. Price is a function of supply and demand. It is basic economics. It applies to all prices including milk, fags, leeks, gold, yen etc.
All indicators are calculated on the previous, past price. It can't be an indication of the future.
If using those indicators trader must apply...
  • #582,266
  • Jan 10, 2012 6:09pm Jan 10, 2012 6:09pm
Quoting krunfx
how about the day of "MR DRAGHO" tomorrow....?
does he speak @ Asian session ,?
Mohan
  • #582,267
  • Jan 10, 2012 6:09pm Jan 10, 2012 6:09pm
Quoting jackcheah
any ideas in the sudden 15 pip drop in most major pairs?
The GBP news event that was scheduled for right now?
  • #582,268
  • Jan 10, 2012 6:13pm Jan 10, 2012 6:13pm
Quoting sonicpunk32
The GBP news event that was scheduled for right now?
it popped before the news was even out.. weird.. had my long on gold as a short term resistance was broken.. and that spike caught me back on it..
  • #582,269
  • Jan 10, 2012 6:14pm Jan 10, 2012 6:14pm


Quoting mohan76
yes we do look @ support and resistant, do your go to high end to cut your hair or go to the place you can afford (budget can support - buying @ support), when work place offer overtime with normal reward we might refuse but if they offer double reward we are happy to work (selling @ resistant)

i am not talking about indicators , just support and resistant (of course it gathered from history)

  • #582,270
  • Jan 10, 2012 6:17pm Jan 10, 2012 6:17pm
...with a typical 50 to 66% recession after a decent run i would guesstimate we get support around 1.27 to 1.274 and then its back up.

below that it might be time to flip.
  • #582,271
  • Jan 10, 2012 6:21pm Jan 10, 2012 6:21pm
Quoting mohan76
does he speak @ Asian session ,?
no.....im waiting his speech n comment on the ecb conf tomorrow....
Bismillah
  • #582,272
  • Jan 10, 2012 6:22pm Jan 10, 2012 6:22pm
Quoting jackcheah
it popped before the news was even out.. weird.. had my long on gold as a short term resistance was broken.. and that spike caught me back on it..
yeah, think they released it bit early. love them markets.
  • #582,273
  • Jan 10, 2012 6:29pm Jan 10, 2012 6:29pm
have a news? or Is the opening of a typical Tokyo ...

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  • #582,274
  • Jan 10, 2012 6:29pm Jan 10, 2012 6:29pm
Quoting krunfx
no.....im waiting his speech n comment on the ecb conf tomorrow....
you can hit sell button when he open his mouth. i guess
Mohan
  • #582,275
  • Jan 10, 2012 6:44pm Jan 10, 2012 6:44pm
Fat finger.............strikes back!!!!
  • #582,276
  • Jan 10, 2012 6:44pm Jan 10, 2012 6:44pm
Quoting 2046
Hey Samdani,
I always love your charts- they are good and make me smile
Thanks . I am about to post another one.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #582,277
  • Jan 10, 2012 6:48pm Jan 10, 2012 6:48pm
Quoting samdani786
Thanks . I am about to post another one.
looking forward

edit : some one shot my bull (:
Mohan
  • #582,278
  • Jan 10, 2012 6:51pm Jan 10, 2012 6:51pm
Quoting samdani786
Thanks . I am about to post another one.
BEFORE AND AFTER

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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #582,279
  • Jan 10, 2012 6:55pm Jan 10, 2012 6:55pm
Quoting samdani786
BEFORE AND AFTER

i love it
Mohan
  • #582,280
  • Jan 10, 2012 6:56pm Jan 10, 2012 6:56pm
Quoting 2046
Hey Samdani,
I always love your charts- they are good and make me smile
I second this...good stuff!!
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