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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #24,501
  • Mar 15, 2012 11:09am Mar 15, 2012 11:09am
hi buddy you ok. your right with the 4 hour time thread it cuts the noise. i have been trying out a new easier system than ib and directional movement using the 15 min chart and voila i am almost 400 pips up in 9 days , maybe its luck lol. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24,502
  • Mar 15, 2012 11:20am Mar 15, 2012 11:20am
Quoting billytt
hi buddy i just pm you
Received well
If there was easy money lying around,no one would be forcing it into your
  • #24,503
  • Mar 15, 2012 11:21am Mar 15, 2012 11:21am
Quoting FXMindset
Added Short 1.3080 Stop 1.3090 Risk 0,5% TP : Open
Stop @ BE
Planning short again but need sleep now

Have a nice day everyone
If there was easy money lying around,no one would be forcing it into your
  • #24,504
  • Mar 15, 2012 11:32am Mar 15, 2012 11:32am
Anybody trading crude? Just closed nice long after comment stating that emergency oil would not be released for another 6 months. After initial panic sell this I expected would drive the price up by a good 50 or 60 points.
I observe your reality but live my own.
  • #24,505
  • Edited 12:19pm Mar 15, 2012 11:50am | Edited 12:19pm
Did anybody else get this blip on their USDX chart? A sudden drop to just below 80.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX_Blip.gif Size: 80 KB
I observe your reality but live my own.
  • #24,506
  • Mar 15, 2012 12:10pm Mar 15, 2012 12:10pm
And thats it for me for couple of hours folks. 0,25% loss. Bearable, as I really didnt believe this line will hold. Now I am waiting for 1,3177 - 1,3182, so bye.

T
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #24,507
  • Mar 15, 2012 12:29pm Mar 15, 2012 12:29pm
In a past life (as an equity trader) I found a book that talked about indication candles and started to look around in my daily scans for them. An Indication Candle is one that has a long wick (more than twice the body length) which points to the direction the stock will move to. Now I know this is Forex and not yet a convinced to their occurance here, but I thought I would share two articles I wrote over a year ago about them in a newsletter I used to publish.

The first one talks about the setup for the stock and article concludes the trade I made on it.

Love to hear your comments on it and if you believe them to be existant in Forex trading.

Thanks,

First: http://us1.campaign-archive2.com/?u=...&id=9a86c339a8

Second: http://us1.campaign-archive2.com/?u=...708c3246c4#CHO
I observe your reality but live my own.
  • #24,508
  • Mar 15, 2012 12:29pm Mar 15, 2012 12:29pm
Quoting Cgb
Did anybody else get this blip on their USDX chart? A sudden drop to just below 80.
nope. mine is clean.
Which broker are you with?
Those who say it cannot be done should not interrupt those who are doing it
  • #24,509
  • Mar 15, 2012 12:32pm Mar 15, 2012 12:32pm
Quoting Cgb
In a past life (as an equity trader) I found a book that talked about indication candles and started to look around in my daily scans for them. An Indication Candle is one that has a long wick (more than twice the body length) which points to the direction the stock will move to. Now I know this is Forex and not yet a convinced to their occurance here, but I thought I would share two articles I wrote over a year ago about them in a newsletter I used to publish.

The first one talks about the setup for the stock and article concludes the trade...
Yeah I've seen it happen in forex but it's rare. Usually happens during major news like ECB rate statements and US NFP

ADD: Or BOJ interventions
Those who say it cannot be done should not interrupt those who are doing it
  • #24,510
  • Mar 15, 2012 12:36pm Mar 15, 2012 12:36pm
But going to hold longer based on previous "Indication Candle" post.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Mar15_1335.gif Size: 103 KB
I observe your reality but live my own.
  • #24,511
  • Mar 15, 2012 12:37pm Mar 15, 2012 12:37pm
1.3110 sell limit triggered. She may be a keeper. Let's see how it goes.

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #24,512
  • Mar 15, 2012 12:38pm Mar 15, 2012 12:38pm
Quoting PipTrapper
nope. mine is clean.
Which broker are you with?
AVA FX. And oddly enough, the long wick is no longer there. Guess some people called in is they were trading USDX and complained.
I observe your reality but live my own.
  • #24,513
  • Mar 15, 2012 12:38pm Mar 15, 2012 12:38pm
Quoting Cgb
But going to hold longer based on previous "Indication Candle" post.
Where's the indication candle?
Those who say it cannot be done should not interrupt those who are doing it
  • #24,514
  • Mar 15, 2012 12:39pm Mar 15, 2012 12:39pm
Quoting Cgb
AVA FX. And oddly enough, the long wick is no longer there. Guess some people called in is they were trading USDX and complained.
Watch those guys. They didn't get a good review on ForexPeaceArmy
Those who say it cannot be done should not interrupt those who are doing it
  • #24,515
  • Mar 15, 2012 12:41pm Mar 15, 2012 12:41pm
Quoting PipTrapper
1.3110 sell limit triggered. She may be a keeper. Let's see how it goes.
Hmmm, don't you want to wait until price settle down...
I had my SELL order but cancled it seeing 4H candle.
Now waiting for price to "relax and calm"
Read Charts - Not Papers
  • #24,516
  • Mar 15, 2012 12:42pm Mar 15, 2012 12:42pm
Hello PT,

Sorry to be off the topic. Can you please tell me whether this formation in Gold can be considered as a H&S ??
Attached Image (click to enlarge)
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  • #24,517
  • Mar 15, 2012 12:42pm Mar 15, 2012 12:42pm
Quoting PipTrapper
Where's the indication candle?
All gone

Here's the hourly chart I first posted, then a 15M chart 30 minutes later and last is now. Where did it go???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDX_Blip.gif Size: 80 KB
Click to Enlarge Name: USDX_Blip2.gif Size: 68 KB
Click to Enlarge Name: USDX_Blip3.gif Size: 52 KB
I observe your reality but live my own.
  • #24,518
  • Mar 15, 2012 12:48pm Mar 15, 2012 12:48pm
Quoting Cgb
All gone

Here's the hourly chart I first posted, then a 15M chart 30 minutes later and last is now. Where did it go???
to hell?
Those who say it cannot be done should not interrupt those who are doing it
  • #24,519
  • Mar 15, 2012 12:49pm Mar 15, 2012 12:49pm
Quoting FX Tsunami
Hello PT,

Sorry to be off the topic. Can you please tell me whether this formation in Gold can be considered as a H&S ??
Good question. Not sure I would call it a H/S. At best a malformed one. However I do expect gold to make a lower low.
Those who say it cannot be done should not interrupt those who are doing it
  • #24,520
  • Mar 15, 2012 12:50pm Mar 15, 2012 12:50pm
Quoting PipTrapper
to hell?
Could be. But still holding my long. News out that US has some work to do to recover their AAA rating (from S&P News) and gold just flying right now. This could drag USDX to that 80.000 level.
I observe your reality but live my own.
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