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EURUSD

  • #618,581
  • Mar 30, 2012 8:00pm Mar 30, 2012 8:00pm
Quoting DasPips
and indicators.
lol no
When life gives you lemons, make lemonade
  • #618,582
  • Mar 30, 2012 8:10pm Mar 30, 2012 8:10pm
Quoting micho
W13

EURUSD:
Weekly term bullish, Will buy if we retrace to 1.312x

USDCHF:
Will close the longs at BE

GOLDUSD, GOLDEURO:
Weekly bearish: Looking for possible weekly term bearish on retracement
Daily bullish: Looking for possible daily term bullish on retracement

GPBJPY, EURCAD, EURGPB:
Will stand aside

AUDUSD:
Daily bullish: Looking for possible daily term bullish on retracement

USDJPY:
Daily bearish: Looking for possible daily term bearish on retracement

GPBUSD:
Weekly term bullish, Will buy if we retrace

Favorite pairs to trade for next...
This was last week's analysis that i posted March 28th

EURUSD: was a bullish week but did not retrace
USDCHF: closed at BE after that the bears took over
Gold pairs: we left exactly where we took off. daily bulls were right, weekly bearish brought them back
GPBJPY, EURCAD, EURGPB: stood aside there and didnt bother
AUDUSD: daily term bullish was right on Monday after that bears took over
USDJPY: my only trade of the week
GPBUSD: was bullish alright but it did not retrace

makes sense huh
When life gives you lemons, make lemonade
  • #618,583
  • Mar 30, 2012 8:21pm Mar 30, 2012 8:21pm
Quoting pkimnyc
lol. price, alone, do not tell you enough.

Oh and lagging indicators such as RSI / MACD / Bollinger Bands, etc show you something different?

Alls I need is my trend lines, EW, Fibonacci #s and timing tools and I do alright. I used to use those inidicators and few others but I ended up tossing them all out a few months ago, and my trading has greatly improved.

But hey, the facts are we're all staring at the same thing and whatever helps you get the right perception of the market can't be discounted entirely.
  • #618,584
  • Mar 30, 2012 8:32pm Mar 30, 2012 8:32pm
Quoting DasPips
Oh and lagging indicators such as RSI / MACD / Bollinger Bands, etc show you something different?
Yes.

Ew = 30% of the time, you get to see clear wave pattern. Fibs... Which one is price going to respect? 78?, 61?, 50?, 38? Oh... Forgot one... 88.
  • #618,585
  • Mar 30, 2012 8:40pm Mar 30, 2012 8:40pm
Quoting DasPips
Oh and lagging indicators such as RSI / MACD / Bollinger Bands, etc show you something different?

Alls I need is my trend lines, EW, Fibonacci #s and timing tools and I do alright. I used to use those inidicators and few others but I ended up tossing them all out a few months ago, and my trading has greatly improved.

But hey, the facts are we're all staring at the same thing and whatever helps you get the right perception of the market can't be discounted entirely.
he said yes and i will say no. everything linear is useless. indicators and Fibonacci with price action/candle pattern are key
When life gives you lemons, make lemonade
  • #618,586
  • Mar 30, 2012 8:54pm Mar 30, 2012 8:54pm
Quoting micho
he said yes and i will say no. everything linear is useless. indicators and Fibonacci with price action/candle pattern are key
  • #618,587
  • Mar 30, 2012 9:23pm Mar 30, 2012 9:23pm
good morning.
Think Different
  • #618,588
  • Mar 30, 2012 9:39pm Mar 30, 2012 9:39pm
Quoting pkimnyc
Yes.

Ew = 30% of the time, you get to see clear wave pattern. Fibs... Which one is price going to respect? 78?, 61?, 50?, 38? Oh... Forgot one... 88.
Price is going to respect 50, since 50 is the median and all of the other numbers are "fibbing."
Time turns trend. - W.D. Gann
  • #618,589
  • Mar 30, 2012 9:44pm Mar 30, 2012 9:44pm
Quoting ForExtraPips
Price is going to respect 50, since 50 is the median and all of the other numbers are "fibbing."
you have any document that said about Price action ?
Think Different
  • #618,590
  • Mar 30, 2012 9:57pm Mar 30, 2012 9:57pm
Quoting Tobinguyen
you have any document that said about Price action ?
What do you mean "any document?" If you're referring to the 50%, then what I meant is that the 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the averages often retrace half their prior move. That's why, since I'm a part time trader, and can't babysit my trades, except during the Asian session, I instead use "set and forget." And if I ever miss that big 100 or 200 pip movement while at work, not a problem. After the movement is over, if it fell, I go long. Then I take what the price was prior to the big move, and take the price after the move, add the two, divide it by two, and that's my take profit target. If I even get half of the big movement, it's better than nothing. And it's less stressful.
Time turns trend. - W.D. Gann
  • #618,591
  • Mar 30, 2012 10:16pm Mar 30, 2012 10:16pm
Quoting micho
W14
GOLD bear target met on weekly chart
Mohan
  • #618,592
  • Mar 30, 2012 10:25pm Mar 30, 2012 10:25pm
Quoting ForExtraPips
What do you mean "any document?" If you're referring to the 50%, then what I meant is that the 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the averages often retrace half their prior move. That's why, since I'm a part time trader, and can't babysit my trades, except during the Asian session, I instead use "set and forget." And if I ever miss that big 100 or 200 pip movement while at work, not a problem. After the movement is over, if it fell, I go long. Then I take what the...
Think Different
  • #618,593
  • Edited 10:55pm Mar 30, 2012 10:27pm | Edited 10:55pm
Quoting Tobinguyen
you have any document that said about Price action ?
Take for example this past Monday's big move up. Price, at its lowest, was at 1.3191. Then its highest during that move went to 1.3366. Taking the two numbers and adding them together, then dividing it by two, you end up with 1.3278. Where was price at its lowest, before going back up on March 28th? 1.3276. Pretty close, if you ask me. And if you would have went short after it shot up Monday, with that tp target @ 1.3278, you would have made it. Just something to think about the next time there's a big move.

edit: wrong date
Time turns trend. - W.D. Gann
  • #618,594
  • Mar 30, 2012 10:59pm Mar 30, 2012 10:59pm
Quoting Halifax
Well guessing can make you look like a fool I guess, but just because I'm bored:

Down to 1.3275 then up to 1.3456 at the end of the week, but I won't be trading on that guess.
Review of prediction = looking like a fool
"Don't Panic..."
  • #618,595
  • Mar 30, 2012 11:04pm Mar 30, 2012 11:04pm
Quoting ForExtraPips
Take for example this past Monday's big move up. Price, at its lowest, was at 1.3191. Then its highest during that move went to 1.3366. Taking the two numbers and adding them together, then dividing it by two, you end up with 1.3278. Where was price at its lowest, before going back up on March 28th? 1.3276. Pretty close, if you ask me. And if you would have went short after it shot up Monday, with that tp target @ 1.3278, you would have made it. Just something to think about the next time there's a big move.

edit: wrong date
wow, Thank you so much, this is the first time i hear about it,where i can learn something like this anywhere ?
Think Different
  • #618,596
  • Mar 30, 2012 11:20pm Mar 30, 2012 11:20pm
Quoting Tobinguyen
wow, Thank you so much, this is the first time i hear about it,where i can learn something like this anywhere ?
I'm On my android now and not my laptop, so I don't have any links with me. But if you Google Dow Theory, that's a good start.
Time turns trend. - W.D. Gann
  • #618,597
  • Mar 30, 2012 11:27pm Mar 30, 2012 11:27pm
Quoting ForExtraPips
Price is going to respect 50, since 50 is the median and all of the other numbers are "fibbing."
had a chuckle at this...

here's some examples.
Attached Image(s) (click to enlarge)
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  • #618,598
  • Mar 30, 2012 11:30pm Mar 30, 2012 11:30pm
Quoting ForExtraPips
Price is going to respect 50, since 50 is the median and all of the other numbers are "fibbing."
now, here's a shocker.

which one would you choose, at the time of the trade?
Attached Image(s) (click to enlarge)
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  • #618,599
  • Mar 30, 2012 11:35pm Mar 30, 2012 11:35pm
Quoting ForExtraPips
Price is going to respect 50, since 50 is the median and all of the other numbers are "fibbing."
oops? now this one respects 61?
Attached Image (click to enlarge)
Click to Enlarge Name: euro_106.gif Size: 28 KB
  • #618,600
  • Mar 30, 2012 11:51pm Mar 30, 2012 11:51pm
Quoting ForExtraPips
I'm On my android now and not my laptop, so I don't have any links with me. But if you Google Dow Theory, that's a good start.
thank you again
Think Different
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