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  • #3,341
  • Apr 24, 2012 3:21pm Apr 24, 2012 3:21pm
Does this look like a good level to watch?

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  • #3,342
  • Apr 25, 2012 12:41am Apr 25, 2012 12:41am
Quoting fxdrive
Does this look like a good level to watch?

Attachment
yes indeed, also watching that for a possible long entry
cheers
Simplicity is the key to success
  • #3,343
  • Edited 5:49am Apr 25, 2012 5:38am | Edited 5:49am
usdcad waiting for a break and a rr off 9844
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Click to Enlarge Name: fx02 18.06 Wednesday, April 25, 2012.jpg Size: 131 KB
  • #3,344
  • Apr 25, 2012 5:47am Apr 25, 2012 5:47am
can someone explane me how to rate the thread (stars)?
i can`t find them on my screen...
please PM me
thanks
  • #3,345
  • Apr 25, 2012 5:53am Apr 25, 2012 5:53am
euro looks like it could bounce off 1.3286
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Click to Enlarge Name: fx04 18.11 Wednesday, April 25, 2012.jpg Size: 118 KB
  • #3,346
  • Apr 25, 2012 5:59am Apr 25, 2012 5:59am
Quoting pex
can someone explane me how to rate the thread (stars)?
i can`t find them on my screen...
please PM me
thanks
Pex, if you find out please let us all know. I was looking to do this yesterday but also couldn't figure it out.
  • #3,347
  • Apr 25, 2012 6:01am Apr 25, 2012 6:01am
Daily sfp forming on cable
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Click to Enlarge Name: fx05 18.58 Wednesday, April 25, 2012.jpg Size: 96 KB
  • #3,348
  • Apr 25, 2012 11:39pm Apr 25, 2012 11:39pm
Quoting FoldingTime
Hello everyone,

I've been reading this thread from the beginning and have not got all the way through yet, however, I just want to check I'm getting along the right lines. Is the following chart something you would consider valid?

Many thanks.
bit of a late reply..... welcome....

No I wouldn't trade that. Two reasons, first is that this pair is ranging and in that sort of market you're better off looking for SFP's. Second is that the level hadn't been tested enough as resistance.

Ideally you'd like to see 2-3 tests before the break and some fib confluence off of a daily swing point, and preferably in a market that's trending or is trying to break out of a range.

If you look on the D1 chart you'll see that you would have been trading against some very bearish price action.
  • #3,349
  • Apr 26, 2012 2:11am Apr 26, 2012 2:11am
Is this a bull flag?
Attached Image (click to enlarge)
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  • #3,350
  • Apr 26, 2012 2:25am Apr 26, 2012 2:25am
Quoting rivercrosser
Is this a bull flag?
Looks more like a channel.


http://thepatternsite.com/flags.html
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #3,351
  • Apr 26, 2012 3:36am Apr 26, 2012 3:36am
Quoting Quidsey
bit of a late reply..... welcome....

No I wouldn't trade that. Two reasons, first is that this pair is ranging and in that sort of market you're better off looking for SFP's. Second is that the level hadn't been tested enough as resistance.

Ideally you'd like to see 2-3 tests before the break and some fib confluence off of a daily swing point, and preferably in a market that's trending or is trying to break out of a range.

If you look on the D1 chart you'll see that you would have been trading against some very bearish price action.
I've been reviewing more charts and yes its way off what should be traded with this method as I understand it.

Thanks for your feedback - much appreciated.
  • #3,352
  • Edited 5:30am Apr 26, 2012 5:05am | Edited 5:30am
took this SFP on Aussie, also watch out for cable bearish D1
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  • #3,353
  • Apr 26, 2012 5:27am Apr 26, 2012 5:27am
SFP on usd/jpy
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  • #3,354
  • Apr 26, 2012 6:15am Apr 26, 2012 6:15am
http://i1084.photobucket.com/albums/...ER17042012.jpg

http://i1084.photobucket.com/albums/...SD26042012.jpg
  • #3,355
  • Apr 26, 2012 7:33am Apr 26, 2012 7:33am
Quoting vasmiza
took this SFP on Aussie, also watch out for cable bearish D1
Hi there, I am quite new to this method.
Could you (or someone else) answer this question for me.

Thanks,
Michael
Attached Image (click to enlarge)
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The quality of your life is brought about by the quality of your thinking.
  • #3,356
  • Apr 26, 2012 8:48am Apr 26, 2012 8:48am
hey guys,
this is a cracking level if u ask me and im giving it a shot, not betting the house though...lol
not sure if it has been talked about earlier
cheers guys
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Simplicity is the key to success
  • #3,357
  • Edited 6:33pm Apr 26, 2012 10:31am | Edited 6:33pm
loonie bounced nicely but seems to have difficulties with H1 fta

took a hit on that one
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  • #3,358
  • Apr 26, 2012 12:58pm Apr 26, 2012 12:58pm
Quoting squeezy
hey guys,
this is a cracking level if u ask me and im giving it a shot, not betting the house though...lol
not sure if it has been talked about earlier
cheers guys
bomb.com, I'm in this as well.
  • #3,359
  • Apr 26, 2012 5:22pm Apr 26, 2012 5:22pm
Quoting sam0182
bomb.com, I'm in this as well.
bomb.com, hmmm! like the way that sounds
my nickname is also bomb squad btw, lol
lets watch how it plays out together Sam
ch33rs
Simplicity is the key to success
  • #3,360
  • Apr 26, 2012 5:42pm Apr 26, 2012 5:42pm
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