5min Trading / EURUSD / From LO

13191 = 100% last range long 5min
13198 = 100% last range long 1hr
13200 = T1 from low 13160

avg = 13196... mmm interesting

looks like I am looking for 13137 again....

Got to say I am very pleased not to be in this Price action... can't win when its just horrible.

so not much has changed... 13137 and 13196... (13200)

Looking at ranges on the short side.

5min short ranges.

http://i982.photobucket.com/albums/a.../montrade4.jpg

notice 200% of the last range short = 13136... interesting.
what is the T1 from the double top on the 5min... from hours ago.... 13137

LOng.... 13168... from low... will post shortly

http://i982.photobucket.com/albums/a...riday13156.jpg

The daily ranges are soo small at the moment... I need to change they way I trade... using highs and lows from the whole day...

13211.... T1 = 13183... price past this... next ...T2 13156

low 13156.. on the number.. would post picture but wife has the memory stick to get the picture off the other computer... I have 3 screen and two computers.. need to get a comin network hard drive

edit

3 screen and 2 computer are on my desk...hate it when my comuter fails... now if one does I have another in use. I use a program to run both computers with ine keyboard and mouse...cool

http://i982.photobucket.com/albums/a...man2/low56.jpg

targets from 13156...

T1 = 13195 T2 = 13234

now lets sit back.

Ok.... daily open ahead...

13191... sounds like T1..13195..

remeber it will only pause here or reverse... I dont know..

Ok what does this picture tell you..?
yes wife and kids finished with the hard drive... back in busness...

http://i982.photobucket.com/albums/a...an2/156low.jpg

OK... just adding to confirmation of the low...

This is a 1hr chart...using my fu$K up ABC's that waht a trading mentor called them years ago when I started using this...

last range short 100% = 13142

Next previous 1hr lows... 13147 and 13172..

add togeather = waiting 13154... simular to my spread sheet...13156.. I like to find confulence... there is always heaps at a turning point.

Now lets look at price action..

Ok... my call on price action... 1hr chart.

I am calling this a low... BUT I am not saying it will not take the low out again by less than 5pips.

While the 1hr chart is trending down... the bigger time frame is long. What you see is a lower low in a long trend.

last 1hr bar... sure looks good... close to an outsife 1hr bar long... that would have attracted a new set of traders... the Sam Siden outside bar traders... haaa had to laugh... read all the post... like most hes not telling us somethng... that post was a laugh... watch this and see who follows.... !!!!! he did not tell anyone how he traded.

I remember trading SPI @$25 a point before computers ... having to ring and set orders... man that cost... I was 21 then.

is this a high... power of averages agin..

T1=13195
daily open = 13191
and two previous lows...1HR chart 13184 and 13179

now average........4 prices... for the high...13187 and high is.....13188.

I love averages

Just tried to explain how I got these prices..

http://i982.photobucket.com/albums/a...ychartdddd.jpg


so here goes... Oh and long

bugger picture did not work.

So I will try an explain.

I look for the major resistance places... one is my T1 2 3 prices.. daily open and highs and lows freo 1hr +

I just take prices around an area and average themmm cant explain why i picked these lows... they just were there to pick I saw them... I think its from years of woerking this stuff out. I find a low... and want to confirm it. When its a low everything lines up... no matter what system you trade... they all line up... thats the point that make us come back.

Now whos system does it most reliabily wins... or take the break... bugger that

taking profit 13218

high maybe...

T2 = 13234
previous daily open 13230
previous high 13211

average 13225

lets see.... only a goal... for my profit take... 13218

out 50 pips 13218 for the night ... range today 62..
my job is to pick the high or low... turning points of the 5min chart and profit from the big swings.

remember possible high 13225

lets see

could be a high... 7 pips from target

MACD still long

high 13226... will it hold..... dam 1pip out... at the moment

http://i982.photobucket.com/albums/a...riday13226.jpg

T1 short if high holds...13195... dam price sound familiar

MACD still long... I could trade based on holding macd signal... might look at that to get the big runs... but I perfer in and out... less stress.

if works for the misses..!

price still going long... as expected.
lets wait for retracment from the high ... now thats a good entry with the trend.

so wait for a high... then look for T1 as a low...

BUT wait for a high..... PA going long

remember T1 from low 13156 is......13234... let watch