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  • #630,921
  • Apr 23, 2012 5:15am Apr 23, 2012 5:15am
Quoting Ssm
I have shorts from .3220 levels, still holding on to them, a close of candle below .3166 gave me the assurance for the shorts. Hopefully I am right.

GL

Just watch the DAX level I gave you, she is trying to mount a mini recovery here.

Ze Germans do not like a straight drop like this on their index.

Spanish spreads narrowing a bit, somebody is fooling around with them. I for one am still not looking to scalp long yet, want to see what the DAX is going to do first, as stated.
  • #630,922
  • Apr 23, 2012 5:18am Apr 23, 2012 5:18am
Professor Cloggie,

I have been taking copious notes on some of your posts starting as far back as 2009. However, I am trying to understand the numbers on your "Ass Chart" <- Gatorinla's coined phrase. I am assuming that this is some type of S/R based on Monthly, Weekly, Daily, H4 timeframes. Nevertheless, I could been totally bucked off of my wooden rocking horse with wrong assumptions.

I too want to learn how to make the elusive ass charts. Any recommended books. Right now I am reading the books for Level I CFTe. I am about have way through. I keep trying to apply what I have read to the real world. However, it seems to me that you not only have forex book smarts, but you have forex street smarts as well.. Sort of speak.

Thanks for your time Professor Cloggie.
Luck has no place in trading. Leave that for the poker table.
  • #630,923
  • Apr 23, 2012 5:19am Apr 23, 2012 5:19am
Quoting cloggie
Just watch the DAX level I gave you, she is trying to mount a mini recovery here.

Ze Germans do not like a straight drop like this on their index.

Spanish spreads narrowing a bit, somebody is fooling around with them. I for one am still not looking to scalp long yet, want to see what the DAX is going to do first, as stated.
DAX got a nice H&S forming with a neck at 6500 and a nice trendline coming in at 6300.

Could fall that far (not today but maybe this week). And if TL break H&S points to 5850.
  • #630,924
  • Apr 23, 2012 5:20am Apr 23, 2012 5:20am
Somebody got the latest figures?

Who are the other six euro countries?
Where Netherlands falls?



http://www.forexfactory.com/attachme...1&d=1335031927
The Thief of Wall Street
  • #630,925
  • Apr 23, 2012 5:20am Apr 23, 2012 5:20am
Quoting Pair-me-up
Professor Cloggie,

I have been taking copious notes on some of your posts starting as far back as 2009. However, I am trying to understand the numbers on your "Ass Chart" <- Gatorinla's coined phrase. I am assuming that this is some type of S/R based on Monthly, Weekly, Daily, H4 timeframes. Nevertheless, I could been totally bucked off of my wooden rocking horse with wrong assumptions.

I too want to learn how to make the elusive ass charts. Any recommended books. Right now I am reading the books for Level I CFTe. I am about have way through....

One book that is a must is Murphy's technical analysis, an old one but it is still widely used. Most of the newer books out now are just retail crap, haven't really come across anything good.

As to the asschart, just have a look at some of my examples, it takes some doing to get them right, make one H4 one now and see how you get on with the numbers.
  • #630,926
  • Apr 23, 2012 5:21am Apr 23, 2012 5:21am
why i am long because london need to test/kiss 1.3208, break above 1.3208 will call for 1.3226 last friday high, break high then we will be flying,

for bears they need to break 1.3110xx

above 1.3208 bulls will win the battle probably
below 1.3110 bears will claim back their jungle
Charts are never wrong, but the chart reader often is.
  • #630,927
  • Apr 23, 2012 5:21am Apr 23, 2012 5:21am
Hi cloggie, hi folks,

I took first bigger position long right now. Take too long to break in my view. Average: 1.31461.
  • #630,928
  • Apr 23, 2012 5:21am Apr 23, 2012 5:21am
Quoting Chicky
Somebody got the latest figures?



http://www.forexfactory.com/attachme...1&d=1335031927

IMF's report from last week does not give the breakdown as they did back in 2010, wonder why????? It would be good to see the latest breakdown to see how far Spain has dropped.
  • #630,929
  • Apr 23, 2012 5:22am Apr 23, 2012 5:22am
Quoting JeremyWS
DAX got a nice H&S forming with a neck at 6500 and a nice trendline coming in at 6300.

Could fall that far (not today but maybe this week). And if TL break H&S points to 5850.

I don't use HnS, I have posted several academic reports on trading HnS in FX, go back over my posts regarding the subject.
  • #630,930
  • Apr 23, 2012 5:24am Apr 23, 2012 5:24am
Quoting cloggie
One book that is a must is Murphy's technical analysis, an old one but it is still widely used. Most of the newer books out now are just retail crap, haven't really come across anything good.

As to the asschart, just have a look at some of my examples, it takes some doing to get them right, make one H4 one now and see how you get on with the numbers.
the name of the book

 

  1. john murphy’s technical analysis of the future’s market

Charts are never wrong, but the chart reader often is.
  • #630,931
  • Apr 23, 2012 5:25am Apr 23, 2012 5:25am
Quoting exit
the name of the book

 

  1. john murphy’s technical analysis of the future’s market


He did another one, technical analysis of financial markets.
  • #630,932
  • Apr 23, 2012 5:27am Apr 23, 2012 5:27am
Bears have do nice so far today, maybe 30min building bear flag at support, bo may give indication of next direction / drive, if was to contemplate selling support brass nuts, maybe entry @ test of utl of flag, otherwise is wiser wait support breached, retested and reject, is depen on risk

trade safe, is normal sell resist and buy support, could be wise buyer sit on hands until usa, is little news today
If you are new to Forex? Say Goodbye to your account!!
  • #630,933
  • Apr 23, 2012 5:31am Apr 23, 2012 5:31am
Quoting KiwiTrada
Bears have do nice so far today, maybe 30min building bear flag at support, bo may give indication of next direction / drive, if was to contemplate selling support brass nuts, maybe entry @ test of utl of flag, otherwise is wiser wait support breached, retested and reject, is depen on risk

trade safe, is normal sell resist and buy support, could be wise buyer sit on hands until usa, is little news today
Eu messed up today I got a feeling the NY boys are going for a bit of pump and dump. but wednesday Bernie talks...
  • #630,934
  • Apr 23, 2012 5:31am Apr 23, 2012 5:31am
Hello everyone long time ,?,,How are you guyz,,?,How is the trading going,,,?
MMMYYYKKK
  • #630,935
  • Apr 23, 2012 5:32am Apr 23, 2012 5:32am
Quoting cloggie
He did another one, technical analysis of financial markets.

  1. no, the "futures market" book was published in mar 86

 

  1. the "financial market" book published in jan 99

Charts are never wrong, but the chart reader often is.
  • #630,936
  • Apr 23, 2012 5:34am Apr 23, 2012 5:34am
another failed attempt on 15min candle to close under 1.3143
Charts are never wrong, but the chart reader often is.
  • #630,937
  • Apr 23, 2012 5:35am Apr 23, 2012 5:35am
Thanks Professor Cloggie..

I will definately take a look at the H4 I see going back to April 16 there is a big bull candle bouncing off of it (30921) After that it seems to be a very consistant level up until now.

Also, I just started reading the book you mentioned last week. It is 573 pages.

It is actually book two on the CTFe syllabus. The first one is by Edwards, Magee, and Bassetti... That was a really tough book to get through, because the vocabulary that is used in that book is very intense.

After the John Murphy book. I will start the Martin Pring Book. He has some interesting videos as well.

Anyways, time to go read some more and then try to go get some dinner.
Luck has no place in trading. Leave that for the poker table.
  • #630,938
  • Apr 23, 2012 5:37am Apr 23, 2012 5:37am
Quoting exit
another failed attempt on 15min candle to close under 1.3143
and if they do close under 1.3143 that would be a fake out to me until they take out 1.31xx
Charts are never wrong, but the chart reader often is.
  • #630,939
  • Apr 23, 2012 5:43am Apr 23, 2012 5:43am
Quoting fxkiller
yes i already mentioned the 3160 level earlier..

i meant by this strategy http://www.forexfactory.com/showthre...19#post5593319
closed my shorts on euro and cable.

also the pending shorts below the 3160 are closed now.. over all booked good pips..

i am seeing the pair here to range or more down.. a long is only currently scalping for me and not with wide target..

waiting for US..

gl all
  • #630,940
  • Apr 23, 2012 5:44am Apr 23, 2012 5:44am
Quoting pips-scout
Eu messed up today I got a feeling the NY boys are going for a bit of pump and dump. but wednesday Bernie talks...
nope EU was very behaved, she respect levels nicely, 30 min is bear flag building, she just bouced of ltl which also has 200sma so if ltl and sma break, 3137 3134 and 3110 is my next supports minor, so my guess is if above goes bear is still driving au kiwi cable geppy have all built similar flags, swissy is bull flag at resist so, as I say normal buy support sell resist, might be better to wait better opportunity, unless you have very good trade plan ready
If you are new to Forex? Say Goodbye to your account!!
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