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  • #5,001
  • Feb 20, 2012 4:41am Feb 20, 2012 4:41am
Looks like a double top is forming in a supply zone.

Maybe thats the short setup Im waiting for.
Thoughts are things
  • #5,002
  • Feb 20, 2012 4:44am Feb 20, 2012 4:44am
Yeah I too am waiting for a short signal
Price is stopping just low of my Resistance 2, i will need a strong signal first to enter though, as a few traders wiser than me are predicting the market to hit another high before the down run
  • #5,003
  • Feb 20, 2012 4:54am Feb 20, 2012 4:54am
Quoting sarmatius
Guys, please be kind and upload your daily pivot indi.
Thanks!
Attached File(s)
File Type: mq4 AllPivots_v2.mq4   5 KB | 560 downloads
File Type: mq4 Pivots_Daily.mq4   17 KB | 567 downloads
  • #5,004
  • Feb 20, 2012 4:57am Feb 20, 2012 4:57am
Quoting Quezoy
Looks like a double top is forming in a supply zone.

Maybe thats the short setup Im waiting for.
me too and there is a weekend gap to be filled.
  • #5,005
  • Feb 20, 2012 5:08am Feb 20, 2012 5:08am
1.3300 around the corner
  • #5,006
  • Feb 20, 2012 5:08am Feb 20, 2012 5:08am
Quoting haoqfu
Hi X, daily pivot is at 3150 on my chart. R1 is at 3185
dont know if i am missing something but on my chart, daily pivot is 1.3191 and daily support at 1.3146. am i missing something?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 58 KB
  • #5,007
  • Feb 20, 2012 5:09am Feb 20, 2012 5:09am
Hi All, Been off the scene for awhile took ill and I am slowly recovering. Probably taking longer knowing how many pips I have missed out on. LOL. Anyway slowly getting back into normal living, been reading all the posts and going over old ones. I still see Vantage, Dgcinc, Phx62, and Emmanuel7788 and others {sorry if I havent mentioned you},still posting valuable insights and info for the benefit of us all. And of course X-Man answering all queries and providing us with the motivation to persevere, hello Hail Mary. Anyway good to be back and great seeing 100 Traders on the Thread on a regular basis. On Todays action good trade Dutchdiva and I am currently still long.




9 Years and Still Learning
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Click to Enlarge Name: 7.gif Size: 22 KB
  • #5,008
  • Edited 5:25am Feb 20, 2012 5:10am | Edited 5:25am
In a long since 1h ago at 1.32215, im expecticng a 60 pip in bank

What concerns me the most is an overbought on stoch 8.3.3 on H4 area(trading H4 TMS in the same time).

My analisys:

TDI cross / Soch 8.3.3 confirm
Price over PA channel (2x 5 MA shift 0 smoothed low/high)
4 EMA shift 2 crossed the setup candle and moved below PA.

I entered after the resistance break..
  • #5,009
  • Feb 20, 2012 5:12am Feb 20, 2012 5:12am
Guys always trade what you see.
There was potential for a double top IF PA didnt break that resistance.
But I wouldve went long caused the market is showing me a upward cross on TDi and PA also showed me an upward momentum.
Right now would be too late to enter but my point is do not trade what you predict. The market will prove you wrong most of the time.
ofcourse we do analyze before the market moves but then when the market moves and confirms our analysis that when we go in that direction.

some of you maybe waiting for a short but see that you guys missed a 50 pip long trade.
The market will always show us the way.

Just remember, trade what you see and trust your system.
Just never jump in before it shows us the way.
All we need if half to 3 quarter of what the market produces , we dont need all of it
X-man the legendary conqueror of markets
  • #5,010
  • Feb 20, 2012 5:13am Feb 20, 2012 5:13am
Good move by all the guys who went long after the morning pullback candle.

I didnt belive there is such a move possible and was waiting for a short setup.
Maybe I should just trade what I see...
Thoughts are things
  • #5,011
  • Feb 20, 2012 5:16am Feb 20, 2012 5:16am
Quoting only20gp
dont know if i am missing something but on my chart, daily pivot is 1.3191 and daily support at 1.3146. am i missing something?
If your using an indi to plot pivots, they will vary depending on what time your platform starts a new day.
Are you sure you have wrote down your Pivot and Support in the right order? your support it almost at my Pivot and your Pivot is almost at my resistance.
If this is not the case, im stumped. This i where i get my data: http://www.actionforex.com/markets/p...2010040846445/
  • #5,012
  • Feb 20, 2012 5:17am Feb 20, 2012 5:17am
1.3272 is the 1.618 fib ex so b careful around this area!!!

I am long +40pip @ moment

I will hold till PA indicates a close....

Good luck
  • #5,013
  • Feb 20, 2012 5:17am Feb 20, 2012 5:17am
Quoting Steve 56
Hi All, Been off the scene for awhile took ill and I am slowly recovering. Probably taking longer knowing how many pips I have missed out on. LOL. Anyway slowly getting back into normal living, been reading all the posts and going over old ones. I still see Vantage, Dgcinc, Phx62, and Emmanuel7788 and others {sorry if I havent mentioned you},still posting valuable insights and info for the benefit of us all. And of course X-Man answering all queries and providing us with the motivation to persevere, hello Hail Mary. Anyway good to be back and great...
pivot point is calculated based on daily OHLC, the pivot calculated based on average bar is therefore not the same as based on traditional candlestick.
  • #5,014
  • Feb 20, 2012 5:23am Feb 20, 2012 5:23am
antantz
Quote
Is there any particular reason you wouldn't have entered there? Is it better to wait until the 10am London candle to avoid fakeouts etc, especially on a Monday?

Yes, bullish outlook of the EU/Greek bailout decision being awaited and anticipated infusion of 2nd round, and FTSE Exchange up over 50 points right after London open.

This market had long bias after the Chinese news yesterday as well.

dcginc
  • #5,015
  • Feb 20, 2012 5:24am Feb 20, 2012 5:24am
Quoting X-Man
ofcourse we do analyze before the market moves but then when the market moves and confirms our analysis that when we go in that direction.

some of you maybe waiting for a short but see that you guys missed a 50 pip long trade.
The market will always show us the way.

Just remember, trade what you see and trust your system.
Couldn't agree more. Do your analysis, be flexible if market changes, trade what you see.

My analysis over the weekend did indeed suggest down and with good reason. The gap up soon proved that wrong and you have to be prepared to change your 'view' as market changes. Your view (like socks) can be changed regularly when you are clearly wrong.

But its always a bonus when the market does play nice and things fall into a pre-determined view (and its surprising how often that does happen).
  • #5,016
  • Feb 20, 2012 5:37am Feb 20, 2012 5:37am
We have both the daily channel and the weekly R1 just ahead (1.32823 & 1.32920 Res') for any of you still long.
  • #5,017
  • Feb 20, 2012 5:39am Feb 20, 2012 5:39am
Quoting shoot2scoot
We have both the daily channel and the weekly R1 just ahead (1.32823 & 1.32920 Res') for any of you still long.
Meant to include the pic!
Attached Image
  • #5,018
  • Feb 20, 2012 5:44am Feb 20, 2012 5:44am
Quoting Steve 56
Hi All, Been off the scene for awhile took ill and I am slowly recovering. Probably taking longer knowing how many pips I have missed out on. LOL. Anyway slowly getting back into normal living, been reading all the posts and going over old ones. I still see Vantage, Dgcinc, Phx62, and Emmanuel7788 and others {sorry if I havent mentioned you},still posting valuable insights and info for the benefit of us all. And of course X-Man answering all queries and providing us with the motivation to persevere, hello Hail Mary. Anyway good to be back and great...
Hi Steve,
Good to have your back online. Take good care of your health and have a speedy recovery.

Nice trade you have today.

Cheers mate!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #5,019
  • Feb 20, 2012 5:46am Feb 20, 2012 5:46am
Now I sell at 1.3131 to target TP 1.3272 . Will it succeed?
  • #5,020
  • Feb 20, 2012 5:51am Feb 20, 2012 5:51am
Quoting AmaNZ
Now I sell at 1.3131 to target TP 1.3272 . Will it succeed?
I think you meant Buy ...right?

1.3280 looking good, that depends on how youy will manage this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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