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Another simple system - Time-Frame 15

  • #741
  • Apr 10, 2012 9:23am Apr 10, 2012 9:23am
No setups for me today... i hope tomorrow will get some
Twitter @raitchev
  • #742
  • Apr 10, 2012 9:34am Apr 10, 2012 9:34am
Quoting El1n
Thanks, I'm still at the beginning of the learning curve.

Posting an ADR indicator for those who don't have it yet.
Thanks for sharing the indicator. I like it.
  • #743
  • Apr 10, 2012 10:20am Apr 10, 2012 10:20am
Quoting El1n
Loveever1,
thanks again for your valuable insights. By asking you, I'm trying to prevent a crush of my future live account.

Few more questions if you don't mind.
Is that a three drive pattern that has just formed on E/U?
Additionally, how much attention do you pay to the slope of the yellow TDI line,when considering the entry?
the slope is important coz it shows what has been happening on the HTF..
Let all the living things live blissfully
  • #744
  • Apr 10, 2012 10:07pm Apr 10, 2012 10:07pm
Newbies to FOrex: Do not risk more than .5% to 1% on a single trade.this way you have enough chances not to blow your account.it will help you to be disciplined and it will watch your greed aswell.

after you learn how to trade.you may risk more depending on your risk ratio..i risk 5% at times..its ok as long as you know what you are doing.
Let all the living things live blissfully
  • #745
  • Apr 10, 2012 10:30pm Apr 10, 2012 10:30pm
what im about to discussis the insight to the price action.

This is a day chart.can you guys explain this chart to me plz...whatever your analysis would be
Attached Image (click to enlarge)
Click to Enlarge Name: set1.gif Size: 15 KB
Let all the living things live blissfully
  • #746
  • Apr 10, 2012 10:41pm Apr 10, 2012 10:41pm
Ok.. my analysis : It is in downtrend rightnow. Strong support near 1.3000 region
  • #747
  • Apr 10, 2012 10:46pm Apr 10, 2012 10:46pm
Quoting loveevery1
what im about to discussis the insight to the price action.

This is a day chart.can you guys explain this chart to me plz...whatever your analysis would be
Hey loveevery1,

Really appreciate what you're doing.
Even though I'm very new to this. I will have a try.
Analysis:
A possible head and shoulders pattern is forming with a support on around 1.268
  • #748
  • Apr 10, 2012 10:49pm Apr 10, 2012 10:49pm
el1n and gingi....whatever you guys said was right..its so obvious its there on the chart.whatelse do you see...more insights plz
Let all the living things live blissfully
  • #749
  • Apr 10, 2012 10:50pm Apr 10, 2012 10:50pm
Quoting dogdays
Thanks for sharing the indicator. I like it.
You're welcome. This one was the cleanest of all of those I've come across.

If you stumble upon something of value pls do share so we can feed of each other.
  • #750
  • Apr 10, 2012 10:53pm Apr 10, 2012 10:53pm
trend is down but ranging, very indecisive candle structure, support around 1.270 area

Quoting loveevery1
what im about to discussis the insight to the price action.

This is a day chart.can you guys explain this chart to me plz...whatever your analysis would be
  • #751
  • Apr 10, 2012 10:55pm Apr 10, 2012 10:55pm
Quoting loveevery1
el1n and gingi....whatever you guys said was right..its so obvious its there on the chart.whatelse do you see...more insights plz
Hmm the 200EMA slope signifies a downtrend. I would be interested to see a fibonacci on that previous downtrend.
  • #752
  • Apr 10, 2012 10:56pm Apr 10, 2012 10:56pm
Quoting davlo
trend is down but ranging, very indecisive candle structure, support around 1.270 area
MOre davlo...where do you think the price will go next...any clues...?
Let all the living things live blissfully
  • #753
  • Apr 10, 2012 11:02pm Apr 10, 2012 11:02pm
i think it will go long, on a daily channel it has touched to lower level, also is outside the lower band on the TDI channel

Quoting loveevery1
MOre davlo...where do you think the price will go next...any clues...?
  • #754
  • Apr 10, 2012 11:18pm Apr 10, 2012 11:18pm
Let me try.

Prices are indecisive and range-bound. Mutiple Inside Day - Go long if break & close above 1.3163 & go Short if break below 1.3034. The range is from the mother candle formed on Apr 5.

Hope this is ok.
  • #755
  • Apr 10, 2012 11:59pm Apr 10, 2012 11:59pm
im visiting my cousin today..wont be trading today...experts plz help the newbies...will catch for US session...thanks..
Let all the living things live blissfully
  • #756
  • Apr 11, 2012 2:31am Apr 11, 2012 2:31am
price retraced more than 70 percent so it means trend change...am i right lovee?
  • #757
  • Apr 11, 2012 3:11am Apr 11, 2012 3:11am
Prices seem choppy as Hell on the G/U, E/U and A/U today. No major news releases on those currencies today, so I wonder what's causing it.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #758
  • Apr 11, 2012 3:37am Apr 11, 2012 3:37am
No trades for me until we get out of that ranging zone in the E/u (1.3030 bottom and 1.3140 top)... chopy as hell as you said
Twitter @raitchev
  • #759
  • Apr 11, 2012 3:51am Apr 11, 2012 3:51am
Raitchev
do u use any support and resistance indicator or u put it manually?
  • #760
  • Apr 11, 2012 4:03am Apr 11, 2012 4:03am
I put them manually... nothing special just trying to look for the major levers where the price get rejected (supported) at least two or more times.
Twitter @raitchev
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