im still working on cycles , now do experiment in demo again 
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
14 Year Old Forex Trader's Lessons
- #7,043
- Edited 12:50pm May 31, 2012 12:41pm | Edited 12:50pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #7,044
- May 31, 2012 12:58pm May 31, 2012 12:58pm
- | Joined Feb 2012 | Status: Your Stop Loss is my Take Profit | 462 Posts
Chang, I am just looking at what killed your shorts and imo this is normal market movement. Markets are very volatile these days, so spikes like this can occur. There can be several technical reasons for it.
a) check H1 chart. You can see candle just before the spike created shooting star (I hope I got the pattern name right). That candle closed on top of S/R line which was holding for 9 hours. It is not a perfect shooting star and it didnt close exactly above the S/R, but if combined with b), it can be seen as buy signal.
b)...
2. well @ 5 min tf its overbought , in 15min tf its in the middle
3.i didnt think about that at all :O , ok noted
4.noted
5.nope its fun lol
Edit : yep , my sensei that is.. lol
Edit2 : oh yeah! doji! lolll
talk again tomorrow all , thx
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
- #7,045
- May 31, 2012 12:59pm May 31, 2012 12:59pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Chang, I am just looking at what killed your shorts and imo this is normal market movement. Markets are very volatile these days, so spikes like this can occur. There can be several technical reasons for it.
a) check H1 chart. You can see candle just before the spike created shooting star (I hope I got the pattern name right). That candle closed on top of S/R line which was holding for 9 hours. It is not a perfect shooting star and it didnt close exactly above the S/R, but if combined with b), it can be seen as buy signal.
b) all technical...
JPM: SCREW THIS CRAP, - DUMP ALL OUR CLIENT'S FUNDS IN SILVER. ALL OF IT.
But very good explanation from Tom there, thanks.
Have I got something on my face, SOLDIER?
- #7,046
- May 31, 2012 1:00pm May 31, 2012 1:00pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
im still working on cycles , now do experiment in demo again
Sure a gann square and some circles look fancy BUT - you need to see for a while how the market reacts to it, and how you can trade it.
Dump yourself on the charts for HOURS and look at its structure in both price, shape, and time.
Research, researhc, research.
implementation (at least for me) came later.
Have I got something on my face, SOLDIER?
- #7,047
- May 31, 2012 1:06pm May 31, 2012 1:06pm
- | Joined Feb 2012 | Status: Your Stop Loss is my Take Profit | 462 Posts
DO NOT trade if you do not know YET.
Sure a gann square and some circles look fancy BUT - you need to see for a while how the market reacts to it, and how you can trade it.
Dump yourself on the charts for HOURS and look at its structure in both price, shape, and time.
Research, researhc, research.
implementation (at least for me) came later.
,of course la , if i dont know how to use it/still confused.... i wont use it edit 1 : decide to watch movie , later sleep XD
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
- #7,048
- May 31, 2012 1:38pm May 31, 2012 1:38pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #7,049
- May 31, 2012 1:42pm May 31, 2012 1:42pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
In short,
JPM: SCREW THIS CRAP, - DUMP ALL OUR CLIENT'S FUNDS IN SILVER. ALL OF IT.
...
I will take a look if I find it.
edit: found it: http://jessescrossroadscafe.blogspot...h-heading.html
T
"I know one thing, that I know nothing." Sokrates
- #7,050
- May 31, 2012 9:57pm May 31, 2012 9:57pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
EURAUD Trade Setup to Get Short:
Volume currently shows a strong rejection maxed out on a bar in which an upbar has been taken down back near the open on the hourly chart - this indicates sellers to begin sell it back down. This is a trend-play trade and we are currently trading on an angle that has been proven resonant to the highs and lows that criss-cross over it. Moreover, the EUR is taking a beating to the south-side and relative strength AUD against EUR, the AUD is doing much well recently. If the AUDUSD moves up, this pair will go down and vice versa. It is currently resistance - and we have a natal pluto cycle that possesses a sweet correlation to intraday turning points to this currency pair. We are rising to the time also to a moon line which also indicates resistance. The suggestion is to get short at current price levels with stop at -30 to -35 pips with a take profit at 1.2700 ( a target of 50 pips - which formulates a 1:1.5 Risk-reward-ratio).
Volume currently shows a strong rejection maxed out on a bar in which an upbar has been taken down back near the open on the hourly chart - this indicates sellers to begin sell it back down. This is a trend-play trade and we are currently trading on an angle that has been proven resonant to the highs and lows that criss-cross over it. Moreover, the EUR is taking a beating to the south-side and relative strength AUD against EUR, the AUD is doing much well recently. If the AUDUSD moves up, this pair will go down and vice versa. It is currently resistance - and we have a natal pluto cycle that possesses a sweet correlation to intraday turning points to this currency pair. We are rising to the time also to a moon line which also indicates resistance. The suggestion is to get short at current price levels with stop at -30 to -35 pips with a take profit at 1.2700 ( a target of 50 pips - which formulates a 1:1.5 Risk-reward-ratio).
Have I got something on my face, SOLDIER?
- #7,051
- May 31, 2012 10:05pm May 31, 2012 10:05pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
EURAUD Multi-Timeframe Analysis: Daily Chart Outlook
On the daily chart, we are below standard deviation and have clearly completed a 5 wave pattern. This is currently a 'short-friendly' market until 1.2600 - if we continue to have falling prices and maintain the current bearish trend - It is always safer to enter on lower timeframes with a lower risk, and the setup is on the post above this one. This broken trendline appears to be a long term flag as well or a broken channel, and even a failed wedge usually stops at 50% of the wedge's price range, and that is also 1.2600.
On the daily chart, we are below standard deviation and have clearly completed a 5 wave pattern. This is currently a 'short-friendly' market until 1.2600 - if we continue to have falling prices and maintain the current bearish trend - It is always safer to enter on lower timeframes with a lower risk, and the setup is on the post above this one. This broken trendline appears to be a long term flag as well or a broken channel, and even a failed wedge usually stops at 50% of the wedge's price range, and that is also 1.2600.
Have I got something on my face, SOLDIER?
- #7,053
- Jun 1, 2012 1:02am Jun 1, 2012 1:02am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
im just playin with the chart..
Thats the same volume bar im looking at, yes and simple PA never forget the basics.
Gann himself talks about simple patterns like double tops and i think Myles W Walker talks of Failure patterns so - as much hardcore price/time you get, always remember the usual stuff.
Im personally looking at 1.2633 for support - but that requires the 2700 to get taken out and for price to really fall and not fakeout on the weak long's sell stops.
PS you got some contrarian sentiment on your hands eh??
Have I got something on my face, SOLDIER?
- #7,054
- Jun 1, 2012 1:54am Jun 1, 2012 1:54am
- | Joined Feb 2012 | Status: Your Stop Loss is my Take Profit | 462 Posts
Nice chart!
Thats the same volume bar im looking at, yes and simple PA never forget the basics.
Gann himself talks about simple patterns like double tops and i think Myles W Walker talks of Failure patterns so - as much hardcore price/time you get, always remember the usual stuff.
Im personally looking at 1.2633 for support - but that requires the 2700 to get taken out and for price to really fall and not fakeout on the weak long's sell stops.
PS you got some contrarian sentiment on your hands eh??
what? u mean my sentiment? thats not important , i just playin with that too.. lol , but im playin with little logic , simple like this , eur crash , people go to UK for living and job, Aussie is solid enough to face economy disruptions (not about the pair) , nasdaq? facebook make nasdaq dead.. (lolll) ,well just like that
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
- #7,055
- Jun 1, 2012 5:21am Jun 1, 2012 5:21am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #7,057
- Jun 1, 2012 7:53am Jun 1, 2012 7:53am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
i dont want to brag but...
when a cycle is near news, hit it straight on. Usually they show you the hand of what the reaction is going to be.
My alert to traders:
My alert i edited that to the room that to remove $16 TP coz its just silly to put that for a NFP trade.
when a cycle is near news, hit it straight on. Usually they show you the hand of what the reaction is going to be.
My alert to traders:
My alert i edited that to the room that to remove $16 TP coz its just silly to put that for a NFP trade.
Have I got something on my face, SOLDIER?
- #7,059
- Edited 8:18am Jun 1, 2012 8:02am | Edited 8:18am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
eur aud got nuke xD
even if i lost that gold wouldve covered that loss by x100. + it did double bottom and mistakes happen.
PS - watch the time of the post in the room - it was 30 minutes before NFP. 19:30 is NFP the alert was at 19:00....
how cool is that?
Have I got something on my face, SOLDIER?
- #7,060
- Jun 1, 2012 9:27am Jun 1, 2012 9:27am
- | Joined Feb 2012 | Status: Your Stop Loss is my Take Profit | 462 Posts
Thats what stop losses are for and mine was at breakeven.
even if i lost that gold wouldve covered that loss by x100. + it did double bottom and mistakes happen.
PS - watch the time of the post in the room - it was 30 minutes before NFP. 19:30 is NFP the alert was at 19:00....
how cool is that?
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.