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  • #10,041
  • Jan 25, 2012 9:24am Jan 25, 2012 9:24am
Quoting egkid
I will My friend but Don't Dare to call me Uncle I'm Young
haha..

uncle both of you..

i am respect you all..

Uncle handsome T@rantula
Uncle handsome EgKid
  • #10,042
  • Jan 25, 2012 9:25am Jan 25, 2012 9:25am
Quoting smilemiz
Uncle T@rantula.. this is from mine...EUR chart by just now

But alternate count also fair play...can check more at Vincy's thread...
TY Miza, i can check that, but you know me i am more of reactive guy then predictive Intraday trading is my specialty

Im 35 not so old haha; )

Quoting smilemiz
haha..

uncle both of you..

i am respect you all..

Uncle handsome T@rantula
Uncle handsome EgKid
haha well ty ty
  • #10,043
  • Jan 25, 2012 9:25am Jan 25, 2012 9:25am
Quoting smilemiz
Uncle T@rantula.. this is from mine...EUR chart by just now

But alternate count also fair play...can check more at Vincy's thread...
Not agree Miza Not as i see my chart
Look to daily how many days it go up and how been acting @3050
  • #10,044
  • Jan 25, 2012 9:27am Jan 25, 2012 9:27am
Quoting T@rantula
TY Miza, i can check that, but you know me i am more of reactive guy then predictive Intraday trading is my specialty

Im 35 not so old haha; )



haha well ty ty
i know.. and i understand..
  • #10,045
  • Jan 25, 2012 9:30am Jan 25, 2012 9:30am
Quoting egkid
Not agree Miza Not as i see my chart
Look to daily how many days it go up and how been acting @3050
The problem about ur chart in my view if close above 3050 that open the door for 1.33 not only 3075 or 3175
  • #10,046
  • Jan 25, 2012 9:31am Jan 25, 2012 9:31am
Quoting egkid
Not agree Miza Not as i see my chart
Look to daily how many days it go up and how been acting @3050
hmm.. i dont know..

If i obeying and agree with the law of chart onto right now.. YES must down

thats why i also prepared the alternate counts too... Expanded Flat abC

but the main of EW count say still wanna going up.. if not wrong..

ok
  • #10,047
  • Jan 25, 2012 9:32am Jan 25, 2012 9:32am
Quoting egkid
T She call you Uncle U R OldI'm not, I'm still teenage
Well , the more old I am the more wise I become.

Uncle tarantula hehe
  • #10,048
  • Jan 25, 2012 9:35am Jan 25, 2012 9:35am
Quoting T@rantula
Well , the more old I am the more wise I become.

Uncle tarantula hehe
Then b wise I prefer to b Crazy young boy
Life time running so fast my friend ...
  • #10,049
  • Jan 25, 2012 9:35am Jan 25, 2012 9:35am
Quoting egkid
Then b wise I prefer to b Crazy young boy
Life time running so fast my friend ...
You are right about that my friend...


Quoting smilemiz
but the main of EW count say still wanna going up.. if not wrong..

ok
Miza, dont look into future

trade PA, current PA, react dont predict.

I have never used EW so far in my trading career, you dont need that.
  • #10,050
  • Jan 25, 2012 9:37am Jan 25, 2012 9:37am
Quoting T@rantula
Miza, dont look into future

trade PA, current PA, react dont predict.

I have never used EW so far in my trading career, you dont need that.
Ok guys will take a break catch u later when PA 1.30 As i read my own chart now
we will C
  • #10,051
  • Jan 25, 2012 9:40am Jan 25, 2012 9:40am
NY just refuses to continue the european moves lately ...
  • #10,052
  • Jan 25, 2012 9:41am Jan 25, 2012 9:41am
Quoting T@rantula
Miza, dont look into future

trade PA, current PA, react dont predict.

I have never used EW so far in my trading career, you dont need that.
i really understand wat do u mean uncle

yes. of course.. when I am gonna trade as Scalper or Intraday.. Almost i am dispose to the EW

but I am swing too..

Swing trading just need EW application...

Thanks.. I understand

i got 2 eyes... intraday and swing

just now i really see both

intraday - good opportunity scalper long buy or breakout Sell short
but Swing - this is a Distribution Stage

very appreciated ur advise...!! caring!!!
  • #10,053
  • Jan 25, 2012 9:48am Jan 25, 2012 9:48am
Quoting smilemiz
i really understand wat do u mean uncle

yes. of course.. when I am gonna trade as Scalper or Intraday.. Almost i am dispose to the EW

but I am swing too..

Swing trading just need EW application...

Thanks.. I understand

i got 2 eyes... intraday and swing

just now i really see both

intraday - good opportunity scalper long buy or breakout Sell short
but Swing - this is a Distribution Stage

very appreciated ur advise...!! caring!!!

EU i think is too .... predictive of price movements i think thats what tarantula is saying its like u expect something is going to happen. its different with trading ccyles - u wait and see the price at that time and see what is best to trade at given moment of price and time.

im jsut saying that if anyone wonders why the heck i trade off off planetary cycles or time trading.

i dont forecast tops or bottoms - i try to trade it right when the time and price is right

just to clear off any anomalies between us all


but miza has done some sweet trades with them before. - i think it would do well if u dont predict the price but just wait and see where the level will be.

just my 2 cents - young boy knows nothing
Have I got something on my face, SOLDIER?
  • #10,054
  • Jan 25, 2012 9:50am Jan 25, 2012 9:50am
The wedge on 4h has been broken.

Rising wedge are usually found in uptrend and they are sign of bearish reversal.

That means a temporary stop in a current trend. Usually prices tend to fall 10 % after making a sudden blow to a top.

So when daily ATR has been respected ( as of today ) we can see a retest of lower wedge boundaries then a breakout ( whereas it signals the continuation of the trend) or complete meltdown or a reversal.

The first case is characteristic in a manipulative market conditions and second case is found in normal "calm" market conditions where wedges shape a reversal.

So that is why i am saying. Dont look to far into the future. React!


Attached Image (click to enlarge)
Click to Enlarge Name: brwedge.jpg Size: 66 KB
  • #10,055
  • Jan 25, 2012 9:54am Jan 25, 2012 9:54am
Quoting bumapatria
EU i think is too .... predictive of price movements i think thats what tarantula is saying its like u expect something is going to happen. its different with trading ccyles - u wait and see the price at that time and see what is best to trade at given moment of price and time.

im jsut saying that if anyone wonders why the heck i trade off off planetary cycles or time trading.

i dont forecast tops or bottoms - i try to trade it right when the time and price is right

just to clear off any anomalies between us all


but miza has done some...

wow u r so fast.. i was suprised with your reply...


yeah..

and of course the secret of makin money by Intraday is
react uncle T@rantula is right!..


I understand u both guys... What r u wanna explain.. buma and Uncle..
  • #10,056
  • Jan 25, 2012 9:55am Jan 25, 2012 9:55am
Quoting bumapatria
just my 2 cents - young boy knows nothing
You know a lot for a boy of ur age

Well, you know me I am always keen to help. All for one, one for all.

I think market is preparing for another shakeout. later FOMC announcement although it made its full ATR projection. I missed my 2920 by a mere 10 pips..


Consolidating now before another push or pull..lets see..
  • #10,057
  • Jan 25, 2012 10:13am Jan 25, 2012 10:13am
I dont think overall this is a bearish reversal. Sell at 2980-3000 is a good trade, but from median lines I am seeing a stop at a different median line (the dotted one). But overall I am planning for a buy at 2880-2900 region.

Bullishness is going to continue till the 3200 levels at least.

Basically the wedge that you have mentioned, in my opinion is not a true triangle. It resembels one, but from a behaviour perspective its not gonna react the way a triangle would.

Quoting T@rantula
The wedge on 4h has been broken.

Rising wedge are usually found in uptrend and they are sign of bearish reversal.

That means a temporary stop in a current trend. Usually prices tend to fall 10 % after making a sudden blow to a top.

So when daily ATR has been respected ( as of today ) we can see a retest of lower wedge boundaries then a breakout ( whereas it signals the continuation of the trend) or complete meltdown or a reversal.

The first case is characteristic in a manipulative market conditions and second case is found in normal "calm"...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 91 KB
  • #10,058
  • Jan 25, 2012 10:16am Jan 25, 2012 10:16am
Quoting Kambooj
I dont think overall this is a bearish reversal. Sell at 2980-3000 is a good trade, but from median lines I am seeing a stop at a different median line (the dotted one). But overall I am planning for a buy at 2880-2900 region.

Bullishness is going to continue till the 3200 levels at least.

Basically the wedge that you have mentioned, in my opinion is not a true triangle. It resembels one, but from a behaviour perspective its not gonna react the way a triangle would.
price broke ur blue TL and is reaching lower levels for support. those angles seem too steep to hold a stable trend bro in my opinion
Have I got something on my face, SOLDIER?
  • #10,059
  • Jan 25, 2012 10:26am Jan 25, 2012 10:26am
yes the angles are too steep at the moment and it did brake the blue line, but it doesnt mean the overall thrend is over.

Usually its over once it breaks another equidistance line, which is the red one I have shown.

Right now its targetting the red one, and once it gets there,

then that would be the real test of the trend being over or not.

But no matter how vertical the angle of attack is, it usually has to break the first major support (lower black horizontal line) on the hourly chart very fast.

The fact that its not doing that, at the moment means there are other plans, which the most sensible is that price action is deciding a different path to go upwards.

Quoting bumapatria
price broke ur blue TL and is reaching lower levels for support. those angles seem too steep to hold a stable trend bro in my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 94 KB
  • #10,060
  • Jan 25, 2012 10:29am Jan 25, 2012 10:29am
Quoting Kambooj
Basically the wedge that you have mentioned, in my opinion is not a true triangle. It resembels one, but from a behaviour perspective its not gonna react the way a triangle would.
The main difference between triangle and wedge is PA pattern/wicks it forms.

From a bearish perspective the only valid triangle is DESCENDING TRIANGLE. The way it forms is with equal lows and lower highs.

RISING WEDGE is not a triangle. It forms with HH and HL, so basically those are 2 different patterns.

The way I observe it is how it reacts.
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