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  • #617,981
  • Mar 29, 2012 6:55pm Mar 29, 2012 6:55pm
Something big is going to happen..

Weekly trendline above... Stretching back to last year,
The 2 week uptrend baseline,
And this weeks shallow downtrend...

This is a triangle of death.... Millions of accounts getting smashed up....
  • #617,982
  • Mar 29, 2012 6:57pm Mar 29, 2012 6:57pm
Thanks. Some different idea. I will have a look at it.

Quoting Hda
@Thevadd:

The norm in trading as it relates to time frames that traders use are 1m, 5m, 10m, 15m, 30m, 1H, 4H, 1D, Weekly and Monthly

But the forex is unorthodox, so I decided to look at the forex unorthodoxly and discovered that the 3H is extremely accurate if you learn how to listen to it.

Ask yourself the question, 3H? Who looks at a 3H? Thats not practical, neither is the Forex and it so happens, the 3H seems to be the SWEET SPOT, where the market whispers and I just happen to realise it and started listening.
  • #617,983
  • Mar 29, 2012 6:58pm Mar 29, 2012 6:58pm
Quoting mkvy
Something big is going to happen..

Weekly trendline above... Stretching back to last year,
The 2 week uptrend baseline,
And this weeks shallow downtrend...

This is a triangle of death.... Millions of accounts getting smashed up....
The squeeze of the weekly trendline is now to low a price... The euro aint liking being so cheap...., i think it will be forced up like a kid bring up a boiled sweet , squeezed up,
  • #617,984
  • Mar 29, 2012 7:00pm Mar 29, 2012 7:00pm
Quoting thevadd
Thanks. Some different idea. I will have a look at it.
@thevadd:

Understood
  • #617,985
  • Mar 29, 2012 7:11pm Mar 29, 2012 7:11pm
Quoting mkvy
The squeeze of the weekly trendline is now to low a price... The euro aint liking being so cheap...., i think it will be forced up like a kid bring up a boiled sweet , squeezed up,
@mkvy:

At 9pm the market will say. It may happen by 8:30pm eastern, but the confirmation will come at 9pm.

This is the part that can frustrate a trader. The WAITING

But the patience truly pays off.
  • #617,986
  • Mar 29, 2012 7:15pm Mar 29, 2012 7:15pm
long 3315
tp 3330
  • #617,987
  • Mar 29, 2012 7:19pm Mar 29, 2012 7:19pm
Could you please give me a few reason, why it should go up?
In the last 3 days it kept falling, everyday a new low, also the highs were lower.
I would say the current region 1.3315-1.3320 is a good position short.
  • #617,988
  • Mar 29, 2012 7:29pm Mar 29, 2012 7:29pm
3320 is going to be taken out by 8:30pm exactly and if not definately between 8:30 amd 9pm - Observe
  • #617,989
  • Mar 29, 2012 7:32pm Mar 29, 2012 7:32pm
Okay it did it at 8:31pm - I was off by 1 min
  • #617,990
  • Mar 29, 2012 7:36pm Mar 29, 2012 7:36pm
Thought about taking a long at 1.3280 this afternoon but didn't pull the trigger. Now it seems so obvious!
  • #617,991
  • Mar 29, 2012 7:39pm Mar 29, 2012 7:39pm
9pm will confirm if 3340 will be hit - it may happen before 9pm, but confirmation will be made at 9pm. We just have to wait and see it the MARKET says to HOLD LONGS
  • #617,992
  • Mar 29, 2012 7:41pm Mar 29, 2012 7:41pm
Quoting ForexRyan
Thought about taking a long at 1.3280 this afternoon but didn't pull the trigger. Now it seems so obvious!

@ForexRyan:

I know exactly where you're coming from. The trick is learning how to confirm it. Dont worry - You'll find another opportunity
  • #617,993
  • Mar 29, 2012 7:43pm Mar 29, 2012 7:43pm
Quoting Hda
3320 is going to be taken out by 8:30pm exactly and if not definately between 8:30 amd 9pm - Observe
Quoting Hda
Okay it did it at 8:31pm - I was off by 1 min
8:30pm and 9pm is IMHO a range of 30 min. To be off by 1 min it must be 9:01pm for example.

anyway, what do you mean by "taken out" let see where the hourly closes and also the hour after that. if the price is then still above 1.3320, you were right - but then still the question; why did you expect that?
  • #617,994
  • Mar 29, 2012 7:46pm Mar 29, 2012 7:46pm
Quoting ForexRyan
Thought about taking a long at 1.3280 this afternoon but didn't pull the trigger. Now it seems so obvious!

Closed mine from 1.3300 entered at 1.3280 ><
anyway had a profit and i am very happy with my 20 pips
But I still have that feeling that there was more but that is probally the greed that I feel.
  • #617,995
  • Mar 29, 2012 7:50pm Mar 29, 2012 7:50pm
what helps me personally is to think of price in respects to quartiles.

i have heard that institutions do this too but I have no empirical evidence.

example 1.3300 then 1.3320 then 1.3350 then 1.3380 then 1.3400
S/R is only potential, then looking at the normal volatility for the given market but that can only be statistical historical no indication of future volatility although a possible future volatility calculation does in fact exist in Quantitative finance.

anyway

Asian session is 20-60 pip on average trading range

that means that we can have up to 1.3370 as upper target... however 1.3350 seems to be a price level to watch.

assuming a normal distribution ans all things being equal then ((upper bound of S/D*2-Lower band of S/D*2)/SMA)*sqrt(8)= 8hrs being the market hour then we would have a volatility of 0.42%

SMA+ and -((SMA*0.4%) / 2)= expected range 1.3338 to 1.3392 that is 43 pip range

now that is assuming all things remain equal... which is a big assumption, something might be going on in the Markets that we will only be aware off later.. so getting the feel for where is more likely to go while taking past historical statistical data into account is all we can hope for.

i wouldn't be bet on a break out in Asia though statistically is less probable (but not impossible)
AVT INVENIAM VIAM AVT FACIAM
  • #617,996
  • Mar 29, 2012 7:50pm Mar 29, 2012 7:50pm
Quoting Hda
@ForexRyan:

I know exactly where you're coming from. The trick is learning how to confirm it. Dont worry - You'll find another opportunity

looks like 1334 is a decent resistance
  • #617,997
  • Mar 29, 2012 7:52pm Mar 29, 2012 7:52pm
Inserted Video
  • #617,998
  • Mar 29, 2012 7:53pm Mar 29, 2012 7:53pm
Quoting sacrelege
8:30pm and 9pm is IMHO a range of 30 min. To be off by 1 min it must be 9:01pm for example.

anyway, what do you mean by "taken out" let see where the hourly closes and also the hour after that. if the price is then still above 1.3320, you were right - but then still the question; why did you expect that?
@sacrelege:

The norm in trading as it relates to time frames that traders use are 1m, 5m, 10m, 15m, 30m, 1H, 4H, 1D, Weekly and Monthly

But the forex is unorthodox, so I decided to look at the forex unorthodoxly and discovered that the 3H is extremely accurate if you learn how to listen to it.

Ask yourself the question, 3H? Who looks at a 3H? Thats not practical, neither is the Forex and it so happens, the 3H seems to be the SWEET SPOT, where the market whispers and I just happen to realise it and started listening.

So every 3 hours the market tells me what its going to do.

8:30 was just a heads up to what 9pm may decide
  • #617,999
  • Mar 29, 2012 7:53pm Mar 29, 2012 7:53pm
Hda I am impressed!!
Looking forward to learn from you.

Edit: Bulls having a party!
  • #618,000
  • Mar 29, 2012 7:54pm Mar 29, 2012 7:54pm
long 3335
tp 3350
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