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  • #621,561
  • Apr 5, 2012 8:57am Apr 5, 2012 8:57am
this is for mr banker anyone who put a trade in here in my opinion is a hero as he is putting what might happen with his target and sloss and you didnt put the sloss for this trade and the idea behind this trade as you see everything in the chart is against it and really if the price closes above the trend line it will be a fake breakout beside i m counting this as a bearish impulse so far if it breaks above 1.3166 i ll have my doubts gl with the trade
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  • #621,562
  • Apr 5, 2012 9:01am Apr 5, 2012 9:01am
It's probably not the best to predict in fx markets, but just for fun i'll throw an idea out here:

*hypothetical only: If we don't break 1.3030 towards 1.3004 today, eurusd will range until US NFP friday tomorrow. I personally favor a bearish tank.

it'd be nice to start the new month in a new range below .3000

just putting my two cents out there. not meant for trading speculations.
Work like a slave. Live like a king.
  • #621,563
  • Apr 5, 2012 9:01am Apr 5, 2012 9:01am
Quoting Avir
I did not have patience to wait till it drop to my TP with all of the green pips from 2am this morning so i closed it but Happy!! will open anotor one after a little pull back.
maybe you could have left it run a little longer!
  • #621,564
  • Apr 5, 2012 9:04am Apr 5, 2012 9:04am
Quoting Doc'
In M15 and H1 ?
I see a possible one on the m15, i don't know about your h1 though
Learn to see what's there, not what you want to see.
  • #621,565
  • Apr 5, 2012 9:05am Apr 5, 2012 9:05am
Quoting pips-scout
maybe you could have left it run a little longer!
I should have but busy time at work and very tired. need to wait till i get out of my office before i start again. Tnx tho
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #621,566
  • Apr 5, 2012 9:05am Apr 5, 2012 9:05am
Quoting onlyfortrade
Yap, I am also waiting for 1.3004 to ensure the double bottom
Please, explain what "double bottom" do you mean?
Hunting High and Low
  • #621,567
  • Apr 5, 2012 9:06am Apr 5, 2012 9:06am
Quoting nawafasad1
this is for mr banker anyone who put a trade in here in my opinion is a hero as he is putting what might happen with his target and sloss and you didnt put the sloss for this trade and the idea behind this trade as you see everything in the chart is against it and really if the price closes above the trend line it will be a fake breakout beside i m counting this as a bearish impulse so far if it breaks above 1.3166 i ll have my doubts gl with the trade
short term, i'm talking about h1, don't you think a small upside move could follow?

i think sellers could be exhausted for the moment and we could see a long , slow, crawling move to the upside, even if it's just a small one that's good for 10- 30 pips max.
Learn to see what's there, not what you want to see.
  • #621,568
  • Apr 5, 2012 9:13am Apr 5, 2012 9:13am
Quoting TraderBoyFF
short term, i'm talking about h1, don't you think a small upside move could follow?

i think sellers could be exhausted for the moment and we could see a long , slow, crawling move to the upside, even if it's just a small one that's good for 10- 30 pips max.
it's very possible being that 4h just closed to what may look like a second candle of a bullish morning star. i would wait for the current candle to complete so we can decide if there is confirmation or not.

let's wait 4hrs. what's the rush?
Work like a slave. Live like a king.
  • #621,569
  • Apr 5, 2012 9:15am Apr 5, 2012 9:15am
Quoting Dr.Phoenix
Please, explain what "double bottom" do you mean?
Check out the h4 chart bro.
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  • #621,570
  • Apr 5, 2012 9:18am Apr 5, 2012 9:18am
Quoting ready12799
it's very possible being that 4h just closed to what may look like a second candle of a bullish morning star. i would wait for the current candle to complete so we can decide if there is confirmation or not.

let's wait 4hrs. what's the rush?
i don't see any bullish morning stars on the h4.

i do believe we'll have a slow crawl upwards this afternoon before we resume the bearish trend again.

the rush is that you don't want to get caught having a trade open when it gets to 3pm-5pm, because at that time, liquidity is gone, and the market is susceptible to any relatively small hedgefund making trades and moving the markets. Also, some brokers may perform stop-hunting around those times.

I can't speak for anyone else, but i try to square any positions by late afternoon.

Edit: yeah, a possible bullish morning star has just formed on the h4, i don't know if it'll be supported by any big volume though
Learn to see what's there, not what you want to see.
  • #621,571
  • Apr 5, 2012 9:23am Apr 5, 2012 9:23am
Wich markets are opened tomorow, if any, guys?
  • #621,572
  • Apr 5, 2012 9:25am Apr 5, 2012 9:25am
Quoting jorojoro
Wich markets are opened tomorow, if any, guys?
this one.
Learn to see what's there, not what you want to see.
  • #621,573
  • Apr 5, 2012 9:29am Apr 5, 2012 9:29am
Quoting TraderBoyFF
i don't see any bullish morning stars on the h4.

i do believe we'll have a slow crawl upwards this afternoon before we resume the bearish trend again.

the rush is that you don't want to get caught having a trade open when it gets to 3pm-5pm, because at that time, liquidity is gone, and the market is susceptible to any relatively small hedgefund making trades and moving the markets. Also, some brokers may perform stop-hunting around those times.

I can't speak for anyone else, but i try to square any positions by late afternoon.
that's true, there are no morning stars at the moment. If this candle closes half way above the previous candlestick before the last, then it would complete a bullish morning star. if that's the case, I agree with you and try to close any open sell trades.

let's hope for the best
Work like a slave. Live like a king.
  • #621,574
  • Apr 5, 2012 9:31am Apr 5, 2012 9:31am
Update ... and afternoon summary ...

2012-04-05_15h50 - ZigZag + Pivot Survey _ EURUSD _ Afternoon _ W-14 # A68

Insgesamt dürfte wieder eine leichte Aufwärtskorrektur anstehen ...

Aber von "bullisch" würde ich dann nicht gleich wieder reden wollen ...

Selbst dann nicht, falls in etwa 1.32 wieder im Visier sein sollte ...

###

Column O - P shows current situation on a 5 Days basis ...

This week has had a 345 pip span until now ...

A recovery up to 1.3208 - 1.3225 would be nothing special ...

Won't be considered as being bullish unless it can cross 1.3284 in a convincing manner again ...

And unless above 1.3167 - 1.3191 it will be still at risk of further declines ...

###

Column R - S shows a ZigZag-Survey based on the same as Pivot-Survey from column O - P ...

How to read?

As long as below 1.3117 - 1.3167 it is still in a downleg ...

Ideal correction is seen at 1.3208 - 1.3249 ...

Always have an eye to the levels at the opposite side of the columns ...

###

Same with the 24 hours survey ...

Column E - F ...

As you can see ...

Cross of above 1.3085 and 1.3115 is needed in order to gain some respite again ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #621,575
  • Apr 5, 2012 9:35am Apr 5, 2012 9:35am
Opened another small short which is in green.
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #621,576
  • Apr 5, 2012 9:53am Apr 5, 2012 9:53am
long
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  • #621,577
  • Apr 5, 2012 9:58am Apr 5, 2012 9:58am
Quoting onlyfortrade
Check out the h4 chart bro.
Thank you, bro
Hunting High and Low
  • #621,578
  • Edited 10:12am Apr 5, 2012 9:58am | Edited 10:12am
Quoting mercy seat
Update ... and afternoon summary ...

2012-04-05_15h50 - ZigZag + Pivot Survey _ EURUSD _ Afternoon _ W-14 # A68

Insgesamt dürfte wieder eine leichte Aufwärtskorrektur anstehen ...

Aber von "bullisch" würde ich dann nicht gleich wieder reden wollen ...

Selbst dann nicht, falls in etwa 1.32 wieder im Visier sein sollte ...

###

Column O - P shows current situation on a 5 Days basis ...

This week has had a 345 pip span until now...
wow your excel calculations are very detailed.

i'd need some time to learn your equations for your pivot points. Your 5-day Zig zag survey is advanced. I'd love to learn your trading style.

As far as I can contribute with my limited trading knowledge, your daily assesment matches mine. a closes above 1.3115 looks upwards until next resistance maybe around 1.3210? 1.3284 area?
Work like a slave. Live like a king.
  • #621,579
  • Apr 5, 2012 10:08am Apr 5, 2012 10:08am
Quoting onlyfortrade
Check out the h4 chart bro.
I think the price should grow up a little in the Asia session, but then it will test 3030. but who knows?
Hunting High and Low
  • #621,580
  • Apr 5, 2012 10:08am Apr 5, 2012 10:08am
Quoting mercy seat
Update ... and afternoon summary ...

2012-04-05_15h50 - ZigZag + Pivot Survey _ EURUSD _ Afternoon _ W-14 # A68

Insgesamt dürfte wieder eine leichte Aufwärtskorrektur anstehen ...

Aber von "bullisch" würde ich dann nicht gleich wieder reden wollen ...

Selbst dann nicht, falls in etwa 1.32 wieder im Visier sein sollte ...

###

Column O - P shows current situation on a 5 Days basis ...

This week has had a 345 pip span until now ...

A recovery...

If you share your knowledge with us then it will be great help for the traders like me to become more technically sound
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