EURUSD | Page 31672 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #633,421
  • Apr 25, 2012 9:43pm Apr 25, 2012 9:43pm
Hint: Resistance turned support and support turned resistance.. Then you watch where does the price close on the appropriate TF and how does that fit into the higher TFs. Also use something (whatever you like) to give you a short/long term bias.. Respect the ranges boundaries, add some gut feeling and that's about it..


Quoting disegnosys
Good post, it's best to develop your own method. Cloggie has posted his calc of numbers in within a year or two back. I have collected many posts of his into a document to research. I use my own but you don't need to be exact and I like to make my levels into zones.

Happy hunting, it's in this thread.
Cheers
  • #633,422
  • Apr 25, 2012 9:44pm Apr 25, 2012 9:44pm
Quoting cloggie
And yet, here you are trading the daily and weekly with no SL looking for 5 pip profit at a time that by your own admission can take hours and causes you loads of stress.


Ah well, don't mind me, I am just the bastard in the corner.
Oppsss..I wont allowed u to said that again sweetie...u hurt my ass...errr...i mean my heart
If there was easy money lying around,no one would be forcing it into your
  • #633,423
  • Apr 25, 2012 9:44pm Apr 25, 2012 9:44pm
Quoting TraderBoyFF


Edit: I'm sorry my friend, but in case you really didn't know. a 2x4 is a block of wood
ha ha ha... at least i know now
So I had better not be slap by a 2x4 then!

It is alright to be idixt for once for new things.
Just make sure not to repeat cos repeating it is a fool...
But then I don't mind being a fool as long there is a greater fool behind me
  • #633,424
  • Apr 25, 2012 9:45pm Apr 25, 2012 9:45pm
Uncle Ben : Those Tool remain on the Table

what it is ? Water gun ?
If there was easy money lying around,no one would be forcing it into your
  • #633,425
  • Apr 25, 2012 9:46pm Apr 25, 2012 9:46pm
Quoting FXMindset
Uncle Ben : Those Tool remain on the Table

what it is ? Water gun ?
Sir Samdani,

How is the USD Pattern progress so far
If there was easy money lying around,no one would be forcing it into your
  • #633,426
  • Apr 25, 2012 9:50pm Apr 25, 2012 9:50pm
True and that gut feel takes lots of time to develop.


Quoting attila
Hint: Resistance turned support and support turned resistance.. Then you watch where does the price close on the appropriate TF and how does that fit into the higher TFs. Also use something (whatever you like) to give you a short/long term bias.. Respect the ranges boundaries, add some gut feeling and that's about it..
  • #633,427
  • Apr 25, 2012 9:59pm Apr 25, 2012 9:59pm
Quoting disegnosys
True and that gut feel takes lots of time to develop.
Most want it fast.. That's just not going to happen. There are many times when you think you have it made, but you didn't. If it were easy, everybody would do it.. Also respect lower TFs, like this move that started on m5 might blow off the top and that fellow from earlier might wake up in the morning 1000 bux short..GN all..
  • #633,428
  • Apr 25, 2012 10:01pm Apr 25, 2012 10:01pm
Quoting attila
Hint: Resistance turned support and support turned resistance.. Then you watch where does the price close on the appropriate TF and how does that fit into the higher TFs. Also use something (whatever you like) to give you a short/long term bias.. Respect the ranges boundaries, add some gut feeling and that's about it..
Thanks for the explanation. Does this mean you understand exactly how he came up with 1.3231? It's a specific number that doesn't really tie into anything that I see on the chart.
  • #633,429
  • Apr 25, 2012 10:03pm Apr 25, 2012 10:03pm
Quoting FXMindset
Uncle Ben : Those Tool remain on the Table

what it is ? Water gun ?
no ,
it's lies and b/s
Mohan
  • #633,430
  • Apr 25, 2012 10:07pm Apr 25, 2012 10:07pm
Quoting Saintpeter
Demo... right!
demo yes...don´t be a lyer.
  • #633,431
  • Apr 25, 2012 10:09pm Apr 25, 2012 10:09pm
if this fackin clims up, i will disgrace you prohets of disgrace!
  • #633,432
  • Apr 25, 2012 10:14pm Apr 25, 2012 10:14pm
Quoting scottymoll
Thanks for the explanation. Does this mean you understand exactly how he came up with 1.3231? It's a specific number that doesn't really tie into anything that I see on the chart.
I can't speak for him and how he does it but putting 3230 and 3260 (the next level up he mentioned) one can make some observations. They were two levels where the price could not close below and they are the very next levels up and to the left.. At that point they were support. The drop that followed turned them into resistance...

I bet 3320 is the next one on h4 passed 3260..

Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 75 KB
  • #633,433
  • Apr 25, 2012 10:16pm Apr 25, 2012 10:16pm
Quoting mohan76
no ,
it's lies and b/s
ya lha..thats mean its water gun lha
If there was easy money lying around,no one would be forcing it into your
  • #633,434
  • Apr 25, 2012 10:25pm Apr 25, 2012 10:25pm
Quoting attila
I can't speak for him and how he does it but putting 3230 and 3260 (the next level up he mentioned) one can make some observations. They were two levels where the price could not close below and they are the very next levels up and to the left.. At that point they were support. The drop that followed turned them into resistance...

I bet 3320 is the next one on h4 passed 3260..

Attachment
I appreciate the chart and commentary. I was able to draw those same S/R areas on my chart too. Support turning into Resistance and vice versa is a great way to find areas, but I honestly don't think that it's what Cloggie is using to find these levels (although it might play a roll). He isn't choosing some general area for price to touch and reverse, or close above and rally. He has a specific number that "needs" to be hit before the next move. Sorry if it sounds like I'm repeating myself.
  • #633,435
  • Apr 25, 2012 10:26pm Apr 25, 2012 10:26pm
Does anyone else see what I see. I know it's a little sloppy. Done it quickly. But does anybody else see the double W, then down she goes again?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 141 KB
Time turns trend. - W.D. Gann
  • #633,436
  • Apr 25, 2012 10:27pm Apr 25, 2012 10:27pm
Quoting scottymoll
I appreciate the chart and commentary. I was able to draw those same S/R areas on my chart too. Support turning into Resistance and vice versa is a great way to find areas, but I honestly don't think that it's what Cloggie is using to find these levels (although it might play a roll). He isn't choosing some general area for price to touch and reverse, or close above and rally. He has a specific number that "needs" to be hit before the next move. Sorry if it sounds like I'm repeating myself.
As I said before the numbers are not important but the order is. THAT's the real secret..

Oh, the numbers that need to be hit are on the lower TFs because the price can go down on m15 while going up on h1/h4, thus those have to hold on lower TFs, but this is another story. The interrelation of TFs, and which one is driving which is a very complex subject..
  • #633,437
  • Apr 25, 2012 10:30pm Apr 25, 2012 10:30pm
Quoting attila
As I said before the numbers are not important but the order is. THAT's the real secret..

Oh, the numbers that need to be hit are on the lower TFs because the price can go down on m15 while going up on h1/h4, thus those have to hold on lower TFs, but this is another story. The interrelation of TFs, and which one is driving which is a very complex subject..
Is it kind of like where there are MTF, just like there are multiple S/R levels. S/R within S/R?
Time turns trend. - W.D. Gann
  • #633,438
  • Apr 25, 2012 10:33pm Apr 25, 2012 10:33pm
Quoting ForExtraPips
Is it kind of like where there are MTF, just like there are multiple S/R levels. S/R within S/R?
Pretty much.. There are also ranges within ranges where a move on a lower TF looks like a trend but it's actually a move within a higher range.. That's why a lot of traders get stopped at BE because they take trades on lower TFs (even m15) with targets outside a higher TF range..
  • #633,439
  • Apr 25, 2012 10:36pm Apr 25, 2012 10:36pm
Quoting attila
Pretty much.. There are also ranges within ranges where a move on a lower TF looks like a trend but it's actually a move within a higher range.. That's why a lot of traders get stopped at BE because they take trades on lower TFs (even m15) with targets outside a higher TF range..
That's why I don't go lower than H1 when entering a trade. I trade off the daily, and enter off the hourly.

edit: What's been working for me lately, too. When daily is green, and I go long on hourly, I've got momentum backing me up.
Time turns trend. - W.D. Gann
  • #633,440
  • Apr 25, 2012 10:36pm Apr 25, 2012 10:36pm
Quoting FXMindset
Uncle Ben : Those Tool remain on the Table

what it is ? Water gun ?
my 7inch 'tool' remains on the table when trading forex as well...
525 traders viewing now