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  • #662,081
  • Jun 26, 2012 9:41am Jun 26, 2012 9:41am
Quoting Geppy
sure, you can't confirm a low is in place until another higher low has been put in place after it.

You didn't have a higher low in place. It's like those guys that draw H&S patterns before the right shoulder is formed. No difference.
I got one for you geppy...looking at the 4hr chart and the present candle ... if it closes as an inside bar...what generally does that mean...do inside bars have any merit...
  • #662,082
  • Jun 26, 2012 9:43am Jun 26, 2012 9:43am
http://images.wikia.com/prowrestling...992_Poster.jpg
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #662,083
  • Jun 26, 2012 9:44am Jun 26, 2012 9:44am
Quoting petehnm
I got one for you geppy...looking at the 4hr chart and the present candle ... if it closes as an inside bar...what generally does that mean...do inside bars have any merit...
I generally stay away from most candle stick patterns in FX trading. My broker (MBT) will almost always be on a different time-zone than your broker. As a result, we end up with different candle formations for things like 4H and even Daily (MBT closes their daily candles at a different time than most brokers).
check out my blog: forexmademillionaire dot com
  • #662,084
  • Jun 26, 2012 9:49am Jun 26, 2012 9:49am
Quoting Geppy
I generally stay away from most candle stick patterns in FX trading. My broker (MBT) will almost always be on a different time-zone than your broker. As a result, we end up with different candle formations for things like 4H and even Daily (MBT closes their daily candles at a different time than most brokers).
that'll work...thanks....I have to admit most of the times I try and use a candle pattern it never works or it's always way late...
  • #662,085
  • Jun 26, 2012 9:52am Jun 26, 2012 9:52am
Quoting petehnm
that'll work...thanks....I have to admit most of the times I try and use a candle pattern it never works or it's always way late...
Simple support/resistance zones and trendlines work best. Those will hold true to any broker/platform.
check out my blog: forexmademillionaire dot com
  • #662,086
  • Jun 26, 2012 9:59am Jun 26, 2012 9:59am
We finks too timid for this thread...

Me run...over the hill...

Ego's galore. No touchy.

Peace.

Regards

PS- I'll close at +3. Is that a failure or a good attempt? Ring nose..

Dunno

Regards
  • #662,087
  • Jun 26, 2012 10:00am Jun 26, 2012 10:00am
Hi geppy,

Could I then kindly ask what you would make of the current situation? We are knocking on 1.2470..
  • #662,088
  • Jun 26, 2012 10:02am Jun 26, 2012 10:02am
Quoting Geppy
Simple support/resistance zones and trendlines work best. Those will hold true to any broker/platform.
one of the things that I've learned from watching you guys over at the other thread is to put s/r lines all over my charts and time frames..just trying to get the hang of when to spot the better opportunity....to get in and out of a trade...happy hunting to ya..gotta go to the JOB...
  • #662,089
  • Jun 26, 2012 10:02am Jun 26, 2012 10:02am
Quoting pengjunwen
Hi geppy,

Could I then kindly ask what you would make of the current situation? We are knocking on 1.2470..
I think we've been in a downtrend since June 21st, that's why I haven't closed my shorts out.
check out my blog: forexmademillionaire dot com
  • #662,090
  • Jun 26, 2012 10:03am Jun 26, 2012 10:03am
i dont know but this 1.245 area is lending support.

anyone else agree?

i base this on many previous extreme lows at this level before with a turn in trend afterwards
  • #662,091
  • Jun 26, 2012 10:04am Jun 26, 2012 10:04am
Noted on that.

Thanks for the advice..
  • #662,092
  • Jun 26, 2012 10:06am Jun 26, 2012 10:06am
2462 was breached, it might go down to 2385, still long from 2463
  • #662,093
  • Jun 26, 2012 10:08am Jun 26, 2012 10:08am
out -7
  • #662,094
  • Jun 26, 2012 10:10am Jun 26, 2012 10:10am
Long LIVE Merkel!
  • #662,095
  • Jun 26, 2012 10:11am Jun 26, 2012 10:11am
oh, look at that... I went to take a dump and looks like Euro thought I had a good idea!
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  • #662,096
  • Jun 26, 2012 10:12am Jun 26, 2012 10:12am
Quoting littlemole
You are welcome!
My targets are 1.2440 and 1.2407.
Reached the first target
"Study the past if you would define the future." Confucius
  • #662,097
  • Jun 26, 2012 10:12am Jun 26, 2012 10:12am
Support @ 1.2440 tested, lucky got my pending long, scalp 15 and run.
  • #662,098
  • Jun 26, 2012 10:12am Jun 26, 2012 10:12am
in long at 1.244

lets see where she goes!
  • #662,099
  • Jun 26, 2012 10:14am Jun 26, 2012 10:14am
Quoting todstars2
in long at 1.244

lets see where she goes!
what happened
  • #662,100
  • Jun 26, 2012 10:14am Jun 26, 2012 10:14am
I had 2440 why the F*** it didnt reach mine
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
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