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  • #4,001
  • Feb 8, 2012 4:06am Feb 8, 2012 4:06am
Have entered short because of:

-ascending triangle breached
-green line under red and yellow, at 50 and breaking volatility band
-multiple test of 1.3285 unsuccsessfull

p.s. experimenting with 30 min chart.
Attached Image (click to enlarge)
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Thoughts are things
  • #4,002
  • Feb 8, 2012 4:19am Feb 8, 2012 4:19am
Quoting Quezoy
Have entered short because of:

-ascending triangle breached
-green line under red and yellow, at 50 and breaking volatility band
-multiple test of 1.3285 unsuccsessfull

p.s. experimenting with 30 min chart.
i got in @ 3263.
Keep It Simple Stupid
  • #4,003
  • Feb 8, 2012 4:40am Feb 8, 2012 4:40am
Did not enter, doesnt seem good
  • #4,004
  • Feb 8, 2012 4:41am Feb 8, 2012 4:41am
would not expect bulls give up easily
  • #4,005
  • Feb 8, 2012 4:48am Feb 8, 2012 4:48am
Con, can you please explain why it doesn't seems good?
  • #4,006
  • Feb 8, 2012 4:51am Feb 8, 2012 4:51am
Quoting ReggieZZ
There is a potential SHORT trade developing now (8:53 GMT) on EURAUD - looking good...
Also took the trade. It did break out the channel, but other than that it looked good. Down a few pips.

Also took the long with the aud/chf, looked like a better setup. If I had to choose one wouldve chosen the aud/chf.

A few pips in the negative now, but will see how it develops
  • #4,007
  • Feb 8, 2012 4:56am Feb 8, 2012 4:56am
Friend of mine gave me one of these as payment for an introductory forex lesson - found it quite ironic to be paid in a discontinued, completely useless currency for a lesson, on, well, currencies! lol!

Anyhow, thought you guys might like it, so...

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  • #4,008
  • Feb 8, 2012 5:30am Feb 8, 2012 5:30am
Market still in a tight range , so still no trade for me yet
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X-man the legendary conqueror of markets
  • #4,009
  • Feb 8, 2012 5:33am Feb 8, 2012 5:33am
Quoting burningmunke
Friend of mine gave me one of these as payment for an introductory forex lesson - found it quite ironic to be paid in a discontinued, completely useless currency for a lesson, on, well, currencies! lol!

Anyhow, thought you guys might like it, so...

Attachment
LOL everyone in zimbabwe were billionaires.

First country to have so many billionaires haha
X-man the legendary conqueror of markets
  • #4,010
  • Feb 8, 2012 5:52am Feb 8, 2012 5:52am
Quoting X-Man
Market still in a tight range , so still no trade for me yet
Hi X-Man, the reason you did not enter short on the second red candle where there is a TDI cross and the first red candle is a pullback, is it because the yellow MA is moving upward?
  • #4,011
  • Edited 6:05am Feb 8, 2012 5:54am | Edited 6:05am
Quoting X-Man
Market still in a tight range , so still no trade for me yet
Is that why you did not take the pullback candle?

Also, i dont know if you mentioned this before. Are the green lines on your chart a support/ resistance indy?
  • #4,012
  • Feb 8, 2012 6:06am Feb 8, 2012 6:06am
The reason why i didnt take any trades yet is because if you look at my chart you will notice 2 horizontal green lines at the top of my chart, thats the range. The asian session created a support so it has to break that if i want to go short.
Ill take a trade when theres a break out of that range with momentum.
X-man the legendary conqueror of markets
  • #4,013
  • Feb 8, 2012 6:07am Feb 8, 2012 6:07am
Quoting burningmunke
Friend of mine gave me one of these as payment for an introductory forex lesson - found it quite ironic to be paid in a discontinued, completely useless currency for a lesson, on, well, currencies! lol!

Anyhow, thought you guys might like it, so...

Attachment
What do you say for this
Attached Image (click to enlarge)
Click to Enlarge Name: 5000.......jpg Size: 50 KB
  • #4,014
  • Feb 8, 2012 6:14am Feb 8, 2012 6:14am
Quoting X-Man
The reason why i didnt take any trades yet is because if you look at my chart you will notice 2 horizontal green lines at the top of my chart, thats the range. The asian session created a support so it has to break that if i want to go short.
Ill take a trade when theres a break out of that range with momentum.
Okay but what do the other green lines represent?
  • #4,015
  • Feb 8, 2012 6:22am Feb 8, 2012 6:22am
Quoting hale-mary
Okay but what do the other green lines represent?
The upper asian range aka resistance.
Thoughts are things
  • #4,016
  • Feb 8, 2012 6:26am Feb 8, 2012 6:26am
Quoting hale-mary
Okay but what do the other green lines represent?
Its a Fibonacci template overlaid to assess possible retracement targets
  • #4,017
  • Feb 8, 2012 6:27am Feb 8, 2012 6:27am
Quoting Quezoy
The upper asian range aka resistance.
I know what the top 2 green lines represent. I was talking about the bottom 3. They cannot all be resistance.

I will wait for X-man. Fib Template does not sound accurate to me because he mentioned the top two lines were the Asian range today.
  • #4,018
  • Feb 8, 2012 6:29am Feb 8, 2012 6:29am
Quoting hale-mary
I know what the top 2 green lines represent. I was talking about the bottom 3. They cannot all be resistance.
My mistake, was reading to fast.

Seems like nothing will happen till NY open.
Thoughts are things
  • #4,019
  • Feb 8, 2012 6:44am Feb 8, 2012 6:44am
those green lines are just lines that i have put in manually to mark certain support and resistance areas. It was just to trade the bounces within that range.

but now i removed all those green horizontal lines and just kept the top 2 lines.
The fibb retracement is for PA if it decides to move down then i know places to set my TP
X-man the legendary conqueror of markets
  • #4,020
  • Feb 8, 2012 6:46am Feb 8, 2012 6:46am
Quoting izisale
What do you say for this
Wow, that is insane! What country is that from??
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