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  • #654,301
  • Jun 10, 2012 4:17am Jun 10, 2012 4:17am


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Timing
  • #654,302
  • Jun 10, 2012 4:18am Jun 10, 2012 4:18am
Good to see people doing their all important Sunday analysis. I know absolutely nothing about Elliot Wave, it's all Greek to me, but I rely on moving average positioning and Fibonacci to try to predict future price action. Looking at the the H4 chart, I predicted that the price after the weekend of the 2/3rd following the big Friday push up, would reach the H4 100SMA, as it was the next important MA on that time frame with nothing before it to impede the move upwards. We broke above it, but only by 50 pips, before coming back down. Then it was for me a question of using fibonacci to try to ascertain where it would find support. I figured on the 61.8%, but it has found support on the 50% retracement level, closing both bars above it on H4. We now have the 100SMA just above again, but now for me, with slow Stochastics down around oversold, we will continue now to see euro move higher this coming week, although the smaller time frames suggest we need a pullback first to perhaps 1,2479ish. That's my take on things even though I am essentially a scalper, though knowing where the longer term momentum lies always comes in handy. Wish all of you reading this an excellent week with basketfulls of pips
  • #654,303
  • Jun 10, 2012 4:24am Jun 10, 2012 4:24am
Quoting aheuss01
what do you mean by pop up or pop down i think it's positive so it's one side only

up
ultimately the market is unpredictable. a lot of things are oversold atm. might be some real weakness in usd. even if there is no real strength in the eur there is in other things. the bail out is good news but they still needed a bail out which isnt. and there are rumors of other parts of eur needing bail out. it should be an upside move. but by now if you have been trading for a while you should realise it isnt the news thats important but how the market interprets
  • #654,304
  • Jun 10, 2012 4:32am Jun 10, 2012 4:32am
Quoting tightscalper
ultimately the market is unpredictable. a lot of things are oversold atm. might be some real weakness in usd. even if there is no real strength in the eur there is in other things. the bail out is good news but they still needed a bail out which isnt. and there are rumors of other parts of eur needing bail out. it should be an upside move. but by now if you have been trading for a while you should realise it isnt the news thats important but how the market interprets
you are right.. how the market interprets

so you agree with there will an upside move
  • #654,305
  • Jun 10, 2012 4:34am Jun 10, 2012 4:34am
Quoting cat
Good to see people doing their all important Sunday analysis. I know absolutely nothing about Elliot Wave, it's all Greek to me, but I rely on moving average positioning and Fibonacci to try to predict future price action. Looking at the the H4 chart, I predicted that the price after the weekend of the 2/3rd following the big Friday push up, would reach the H4 100SMA, as it was the next important MA on that time frame with nothing before it to impede the move upwards. We broke above it, but only by 50 pips, before coming back down. Then it was for...


the good thing is you have a method to follow that's all
  • #654,306
  • Jun 10, 2012 4:36am Jun 10, 2012 4:36am
Quoting aheuss01
this was my count
I hope this help you...
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #654,307
  • Jun 10, 2012 4:40am Jun 10, 2012 4:40am
Quoting aheuss01
the good thing is you have a method to follow that's all
Well yes, without a method you are like a ship without a rudder in this game. All you can do, as I have done, is devise a method based on what you have learnt through much analysis and trial and error, and hope that it brings more winners than losses. Beyond that, it is all about discipline and being able to continually improve you performance over time.
  • #654,308
  • Jun 10, 2012 4:42am Jun 10, 2012 4:42am
Quoting Luis Carlos
I hope this help you...
thank you
  • #654,309
  • Jun 10, 2012 4:46am Jun 10, 2012 4:46am
Quoting cat
Well yes, without a method you are like a ship without a rudder in this game. All you can do, as I have done, is devise a method based on what you have learnt through much analysis and trial and error, and hope that it brings more winners than losses. Beyond that, it is all about discipline and being able to continually improve you performance over time.
and here i thought it was about action, excitement, ferrari's, models, and bank accounts bigger than phone numbers.

Whatever man...I think you just don't get it at all!

X
  • #654,310
  • Jun 10, 2012 4:52am Jun 10, 2012 4:52am
Quoting forextraderx
and here i thought it was about action, excitement, ferrari's, models, and bank accounts bigger than phone numbers.

Whatever man...I think you just don't get it at all!

X
Well even though I'm far too old for most of that stuff, my wife would put paid to most of it anyway, but regarding the latter, that of course is the ultimate objective!
  • #654,311
  • Jun 10, 2012 4:52am Jun 10, 2012 4:52am
Quoting aheuss01
you are right.. how the market interprets

so you agree with there will an upside move
i agree with a shorter term upside move is likely, but damn the markets not even open atm. i cant see whats happen. i just scalp the moves when they are happening. and i think they can be explained by the fundamentals. i can not explain a move up so i really havent been trading over the last few days. if no one can tell me where its going to stop. and i cant see a point i dont normally trade. im an in trend trader and thats what i do well. so to answer yeah i think a move up is possible. and hoping for one. but i cant see it being sustained
  • #654,312
  • Jun 10, 2012 4:55am Jun 10, 2012 4:55am
Quoting aheuss01
thank you
I forgot the best scenario for Bulls if you want to reach 1.288/1.295/1.306
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #654,313
  • Jun 10, 2012 4:56am Jun 10, 2012 4:56am
Quoting tightscalper
i agree with a shorter term upside move is likely, but damn the markets not even open atm. i cant see whats happen. i just scalp the moves when they are happening. and i think they can be explained by the fundamentals. i can not explain a move up so i really havent been trading over the last few days. if no one can tell me where its going to stop. and i cant see a point i dont normally trade. im an in trend trader and thats what i do well. so to answer yeah i think a move up is possible. and hoping for one. but i cant see it being sustained
yes, i ask that cause i'm a very very short term trader it's all about 100 - 150 pip max i'm not searching for 500 or 1000 i can't wait for that long
  • #654,314
  • Jun 10, 2012 4:58am Jun 10, 2012 4:58am
Quoting Luis Carlos
I forgot the best scenario for Bulls if you want to reach 1.288/1.295/1.306


i'm not counting in a triangle we only have one leg
  • #654,315
  • Jun 10, 2012 5:02am Jun 10, 2012 5:02am
Quoting aheuss01
i'm not counting in a triangle we only have one leg
But dont discharge all scenarios, thats why we lose!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #654,316
  • Jun 10, 2012 5:05am Jun 10, 2012 5:05am
Quoting aheuss01
yes, i ask that cause i'm a very very short term trader it's all about 100 - 150 pip max i'm not searching for 500 or 1000 i can't wait for that long
short term to me is under a minute.
  • #654,317
  • Jun 10, 2012 5:16am Jun 10, 2012 5:16am
Quoting tightscalper
short term to me is under a minute.

1 minute if i do the 1 min char i will sure get crazy some day
  • #654,318
  • Jun 10, 2012 5:17am Jun 10, 2012 5:17am
Quoting Luis Carlos
But dont discharge all scenarios, thats why we lose!

that's it ,, that's why we lose
  • #654,319
  • Jun 10, 2012 5:21am Jun 10, 2012 5:21am
Quoting Luis Carlos
I forgot the best scenario for Bulls if you want to reach 1.288/1.295/1.306
I like this idea...
  • #654,320
  • Jun 10, 2012 5:28am Jun 10, 2012 5:28am
My "long" term target is 1.4086
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Time turns trend. - W.D. Gann
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