Alright , It's a Dark knight Weekend ..
Inserted Video
Cable Update (GBPUSD)
- #319,341
- Jul 20, 2012 11:47am Jul 20, 2012 11:47am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #319,342
- Jul 20, 2012 11:52am Jul 20, 2012 11:52am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #319,343
- Jul 20, 2012 12:55pm Jul 20, 2012 12:55pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
- #319,344
- Jul 20, 2012 1:41pm Jul 20, 2012 1:41pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
should I keep it longer ?
1.5280 is my target....but I locked the profit @ 1.5660
during the weekend I'll try to post some charts to see where GU might head next....if I have time as I might go skydiving or hangliding ....cannot make up my mind though
- #319,345
- Jul 20, 2012 1:44pm Jul 20, 2012 1:44pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
so glad I did not close
during the weekend I'll try to post some charts to see where GU might head next....if I have time as I might go skydiving or hangliding ....cannot make up my mind though
quite a life you lead my friend, could never dare do handgliding, would likely pass out with the fear
Money never sleeps...
- #319,346
- Jul 20, 2012 2:03pm Jul 20, 2012 2:03pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #319,347
- Jul 20, 2012 2:16pm Jul 20, 2012 2:16pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
i am sure!
100% sure.
first time i finish a week and i'm sure of what will happen next weeK:
price will go to somewhere, then reverse to the other side, till another line, and then go again near the other one.
hahahaha
jokes a part, enjoy the weekend guys!
byebye
very funny, i for one have appreciated your input all week, many thanks
Money never sleeps...
- #319,348
- Jul 20, 2012 2:23pm Jul 20, 2012 2:23pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
very funny, i for one have appreciated your input all week, many thanks
tks
90% of traders use TA, indicators and prediction
- #319,349
- Jul 20, 2012 2:36pm Jul 20, 2012 2:36pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #319,350
- Jul 20, 2012 2:38pm Jul 20, 2012 2:38pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
If skills could be acquired by watching, every dog would be a butcher. Turk
- #319,351
- Jul 21, 2012 2:39am Jul 21, 2012 2:39am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
so the question:
is it better being stubborn like i did in this particular case (price near lowest levels) and only look for trades in one direction? or is it better always consider both sides?
and as consequence... lol... the following question... what makes the difference between a bottom/top in price, and a demand/supply "erosion"?
i mean: why at certain levels there are orders ready and price never look back that line for at least 200 pips? what makes the difference between previous bottom in 95.50 and actual move today when price went straight...
if we are trending there is little hope for me as I prefer the choppy markets and sideways and countertrend.
waiting for a level to trigger is a waste of time.I've been waiting for EU to trigger my long for 1 week....did it worth it...have no idea.price broke the 1.2150 option barrier that was supposed to be protected and that was protected for 1 week so it means some either important banks or funds wanted it dead.
and this seems to answer the second question.the longer a level is protected as the one you were eyeballing for one week,the longer time you give the sharks to prepare for it.
logic in my head is this-first attempt of an important line breach is fading 10-20 pips short..never enough to trigger your trade of bounce as it never touches the desired line.price bounces as sellers for example book profit making you think that the line held and you jump in there.if you miss the first attempt there will be a second one and it holds again.the third time you just say ''I'm all in as it must hold'' but you are wrong as in the meanwhile,the sharks sold high and came 1 pip closer and closer to the bounce level ready to pierce it....and this is only half of it.the level keepers (option barriers defended by banks and take in consideration that the more lower or higher price is from normal range the higher the cost of defending it and the fearcer battle)have their own job to do.they buy just above the level and keep pushing it.they buy heavy and sell high to book profits...slowly unloading the exposure they have on that level....till they care no more about the loss as they made enough on the bounces to cover all the gaps.
if I see a level like this heavily defended by 10-20 pips I smell something fishy and I start scalping only or move to another pair
- #319,353
- Edited Jul 22, 2012 12:15am Jul 21, 2012 11:58pm | Edited Jul 22, 2012 12:15am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #319,355
- Jul 22, 2012 12:45am Jul 22, 2012 12:45am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
yea...4H analysis is bad for setup entry...coz different broker different candle.... this is the reason i dont use 4H as setup entry ...
http://www.forexfactory.com/attachme...1&d=1342854855
http://www.forexfactory.com/attachme...1&d=1342930277
Daily candle show us that overall USD get the momentum to break the resistance ( but still failed to break it at the moment ) and pointing to monthly bull target at 84-85 level .Bearish divergence could be seen already but on early stage. Meanwhile weekly candle closed above weekly opening line already with bearish divergence indication also in early stage.
Need time to confirm that we will have clear higher high and lower high in oscillation data and clear fractal sign first before decision to sell dollar. In other side, if the resistance broken, there is further opportunity to buy dollar but in short period coz we're in tight range heading bull monthly target for usdx ( once we have profit, take it as soon as possible or use SL at break even to anticipate trend reversal ).
Not a call...and always trust your own chart.
Have a great weekend with your family and Happy Ramadhan for Mouslem brother and sister.
Regards,Iqyu
http://www.forexfactory.com/attachme...1&d=1342930277
My chart is based on H4 - 30 miutes before market close, i don't know my broker closed earlier and i hate that, look at my chart at green circle. it already at the bottom of yellow trend line, and forming riversal candle, but yours show newer movement indicating that the reversal is failed. I agree that it is still possible to get more lower bottom and butterfly can be transforming to be a bat formation. So where is the real bottom still not confirm yet. Yellow box of PRZ still give a space to go lower again.
It already under the kumo aniway...
not euphoria follower
- #319,356
- Jul 22, 2012 12:55am Jul 22, 2012 12:55am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
buma is watching ..........hi little brother..... commercial member already while home schooling ? cool dude ...
how is your brother who took geophysical engineering ? where is he right now ?
not euphoria follower
- #319,357
- Jul 22, 2012 2:07pm Jul 22, 2012 2:07pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #319,358
- Jul 22, 2012 3:05pm Jul 22, 2012 3:05pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Money never sleeps...
- #319,360
- Jul 22, 2012 3:58pm Jul 22, 2012 3:58pm
- | Joined Dec 2011 | Status: Rags to riches | 1,316 Posts
Money never sleeps...