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  • #47,101
  • Jun 13, 2012 9:34pm Jun 13, 2012 9:34pm
All I know is that it is strangling that monthly pivot at 9940
Shapeshift greed and catch em' off guard
  • #47,102
  • Jun 13, 2012 9:34pm Jun 13, 2012 9:34pm
Quoting DaddyBear
Because your mind and your brain are disconnected. This is a normal symptom of growing pain in trading learning. It may take a long time to go beyond this obstacle. I am still learning to trade with my mind only not with my brain or eyes. IMHO.
I will take that advice and hopefully will not repeat the mistake. so what did the chart show? why was there this up, down, up down, for the past few days?
  • #47,103
  • Jun 13, 2012 9:34pm Jun 13, 2012 9:34pm
Quoting DaddyBear
Because your mind and your brain are disconnected. This is a normal symptom of growing pain in trading learning. It may take a long time to go beyond this obstacle. I am still learning to trade with my mind only not with my brain or eyes. IMHO.

Thats So wise and Deep Daddy !!!!
“Don't cry because it's over, smile because it happened.â€Â
  • #47,104
  • Jun 13, 2012 9:35pm Jun 13, 2012 9:35pm
Quoting DaddyBear
Look at Eric D's previous charts not mine.
yeah that became a broken link too
  • #47,105
  • Jun 13, 2012 9:38pm Jun 13, 2012 9:38pm
Quoting arcticpolar
yeah that became a broken link too
I will repost them of course, can you tell me which chart?, I am still able to see the previous chart... may be a link to the post, thank you.
  • #47,106
  • Jun 13, 2012 9:40pm Jun 13, 2012 9:40pm
Quoting Eric D
Seems price is trapped in this pennant formation since yesterday, and the 1.0000 level is surely hard to break, it is just following the 200 EMA for now, still downtrend overall and no opportunity there for me, here is my 4 hr chart:

http://2.bp.blogspot.com/-ND00eupPgO...06-13+-+01.gif
yeah I think it's because I'm in China... it blocks a lot of things. I'll climb over a VPN... and it'll probably show up.
  • #47,107
  • Jun 13, 2012 9:43pm Jun 13, 2012 9:43pm
Quoting DaddyBear
Because your mind and your brain are disconnected. This is a normal symptom of growing pain in trading learning. It may take a long time to go beyond this obstacle. I am still learning to trade with my mind only not with my brain or eyes. IMHO.
I don't get it. Should they be connected or disconnected?
Shapeshift greed and catch em' off guard
  • #47,108
  • Jun 13, 2012 9:43pm Jun 13, 2012 9:43pm
Quoting balanced2012
Thats So wise and Deep Daddy !!!!
Thanks. I noticed that you live in Perth, Australia. It's a very beautiful city and the Mediterranean climate makes Perth one of the best places to live. I will visit your city sometime in the future.

DB
daddybearforex. com
  • #47,109
  • Jun 13, 2012 9:44pm Jun 13, 2012 9:44pm
Quoting arcticpolar
If that 1.0000 will be revisited in the short term once more I'm quitting forex.
define "short term", because it's going to retest and break parity anytime soon
  • #47,110
  • Jun 13, 2012 9:45pm Jun 13, 2012 9:45pm
Quoting arcticpolar
yeah I think it's because I'm in China... it blocks a lot of things. I'll climb over a VPN... and it'll probably show up.
Now, get a technical analysis book or go online to find the answer yourself.
daddybearforex. com
  • #47,111
  • Jun 13, 2012 9:45pm Jun 13, 2012 9:45pm
Pennant formation... that's not good. the previous few days were an uptrend... if you look at it in a smaller frame. the overall is a down trend... so which one will continue... i'm still at a loss.
  • #47,112
  • Jun 13, 2012 9:47pm Jun 13, 2012 9:47pm
Quoting Czaray
I don't get it. Should they be connected or disconnected?
Connect your brain and your mind together like the way you drive your car. But, have your brain serve your mind not the other way around.
daddybearforex. com
  • #47,113
  • Jun 13, 2012 9:48pm Jun 13, 2012 9:48pm
Quoting arcticpolar
yeah I think it's because I'm in China... it blocks a lot of things. I'll climb over a VPN... and it'll probably show up.
Curious... but there is no problem, I'll use another upload service, here it is fom photobucket:

http://i1064.photobucket.com/albums/...2-06-13-01.gif
  • #47,114
  • Jun 13, 2012 9:50pm Jun 13, 2012 9:50pm
Quoting Eric D
Curious... but there is no problem, I'll use another upload service, here it is fom photobucket:

http://i1064.photobucket.com/albums/...2-06-13-01.gif
I turned on the VPN I could see it... the previous big movement was an up movement... according to the pendant formation. it should be going up? can anyone verify if i'm reading this right?
  • #47,115
  • Jun 13, 2012 9:50pm Jun 13, 2012 9:50pm
Quoting arcticpolar
Pennant formation... that's not good. the previous few days were an uptrend... if you look at it in a smaller frame. the overall is a down trend... so which one will continue... i'm still at a loss.
I might be wrong... but doesn't pennant formation works towards the main trend and the main trend is still overall bearish... and based on the chart, we might see a break after this weekend (either way) depending on the results of the election in Greece.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #47,116
  • Jun 13, 2012 9:51pm Jun 13, 2012 9:51pm
Quoting DaddyBear
Thanks. I noticed that you live in Perth, Australia. It's a very beautiful city and the Mediterranean climate makes Perth one of the best places to live. I will visit your city sometime in the future.

DB
yes it is ... your most welcome any time to visit and please let me know when you decide !!! and consider your self invited from now for a BBQ a huge one on ur honor !!!

cheers Mate !!!
“Don't cry because it's over, smile because it happened.â€Â
  • #47,117
  • Jun 13, 2012 9:52pm Jun 13, 2012 9:52pm
don't understand the pendant formation. hope it's the same signal that is for a triple top.
  • #47,118
  • Jun 13, 2012 9:53pm Jun 13, 2012 9:53pm
Quoting arcticpolar
don't understand the pendant formation. hope it's the same signal that is for a triple top.
Have you read babypips.com... it's very good in how they explain forex trading especially for beginners.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #47,119
  • Jun 13, 2012 9:54pm Jun 13, 2012 9:54pm
Quoting rafiqhidayat
I might be wrong... but doesn't pennant formation works towards the main trend and the main trend is still overall bearish... and based on the chart, we might see a break after this weekend (either way) depending on the results of the election in Greece.
depends on the scope... I have never heard of a pennant formation. I guess it's kinda like a triangle formation. which can go either way in my opinion. but a triple top signals a down. a triple bottom signals an up.

the pennant formation is confusing.
  • #47,120
  • Jun 13, 2012 9:54pm Jun 13, 2012 9:54pm
Quoting arcticpolar
Pennant formation... that's not good. the previous few days were an uptrend... if you look at it in a smaller frame. the overall is a down trend... so which one will continue... i'm still at a loss.
Being that price, at least on the daily, seems to be compressing north, I am wondering if it is just taking its time to clear all those supply orders to make it to the next zone which I see at 10050. Also on this latest upswing price hasn't gone below the 50% retracement. I am wondering if the last daily candle is just a continuation candle. But none the less I am in long at about BE right now and thinking of closing because of this indecision.

Out at BE
Shapeshift greed and catch em' off guard
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