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Aussie Trading Room and Cartoons Gallery

  • #5,921
  • Aug 14, 2012 9:31pm Aug 14, 2012 9:31pm
Quoting DaddyBear
Your h&s may look like a turtle head. I have never seen a head lower than either shoulder unless they are on a sloped neck line.
true...
Wooooohooooo or Boooooohooooo
  • #5,922
  • Aug 14, 2012 9:31pm Aug 14, 2012 9:31pm
Quoting gnomoneey
what about looking at daily chart
neckline 1.0166
left shoulder 1.0437
left head formed top at 1.0613
right head now forming

if this occurs only time will tell
This thing is going to fall hard.
Time turns trend. - W.D. Gann
  • #5,923
  • Aug 14, 2012 9:37pm Aug 14, 2012 9:37pm
Quoting gnomoneey
what about looking at daily chart
neckline 1.0166
left shoulder 1.0437
left head formed top at 1.0613
right head now forming

if this occurs only time will tell
So, there are two heads and one shoulder. What animal is this?
daddybearforex. com
  • #5,924
  • Aug 14, 2012 9:42pm Aug 14, 2012 9:42pm
Quoting DaddyBear
So, here are two heads and one shoulder. What animal is this?
don't all men made of two heads and i set of shoulders....
Wooooohooooo or Boooooohooooo
  • #5,925
  • Aug 14, 2012 9:53pm Aug 14, 2012 9:53pm
TL act as technical guide, on asia hours, it's always my understanding of price testing support/resistance. One can't predict what the europe/us session can bring, so making entry on asia is quite important. I remember price was 1.0435/50 2-3weeks ago before it reached 1.06. And i failed to take that level of long as i wanted short to prevail. Making me losing many long entries.


My reason for entry on min5 chart is here. I always look at past candles which are recent for entry for intra-day playout only, and this playout should either be closed or lock to BE during Europe hours. Small loss are fine, since the probability of such tactics prove higher success rate.

take a look at the pin bar earlier, the volume[ volume is always the answer for price movements and breakout ], i choose that pin to be my entry point, the pin area will be the level of entry i will enter.

If this pin is taken out, means price action already choose the next level, then i will close such position earlier, and look for the next possible S/R.


I used to rely on parabolic/boilinger band and many fanciful indicators,but realize it's too much distraction on the chart for decision making, so relying on candles will be easier on one look.
on the main chart i only use turtle trader now, since it can identify R/S and Breakout faster

Now i will let the price do it work, either long or short, i am happy.

as speaking, one hour chart already look bottom out, pip movements is limited suggesting potential support, and support is there. 1.0495 will determine if it can move higher, same goes for the lower of 1.0465, breaking there will dive further.
Attached Image (click to enlarge)
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  • #5,926
  • Aug 14, 2012 10:00pm Aug 14, 2012 10:00pm
My EA told me that there are basically four types of trading. Most people trade type #4 ......
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daddybearforex. com
  • #5,927
  • Aug 14, 2012 10:01pm Aug 14, 2012 10:01pm
Hello DB and all.

AU, nice to long?
  • #5,928
  • Aug 14, 2012 10:02pm Aug 14, 2012 10:02pm
Quoting bouble
Hello DB and all.

AU, nice to long?
It depends on how short you are.
daddybearforex. com
  • #5,929
  • Aug 14, 2012 10:09pm Aug 14, 2012 10:09pm
Quoting DaddyBear
It depends on how short you are.
Daily stoch indicator is near low.

If not news such as reduce interest of Aus , I think, It not fall hard.
  • #5,930
  • Aug 14, 2012 10:11pm Aug 14, 2012 10:11pm
Quoting gnomoneey
what i'm seeing in h4 is a h&s with head being finished at 1.043x and then right shoulder 1.0540.
is anybody else seeing this?
HI gn,

See my posting from last Friday and Monday about the H1 H&S....
  • #5,931
  • Aug 14, 2012 10:19pm Aug 14, 2012 10:19pm
Quoting gnomoneey
don't all men made of two heads and i set of shoulders....
Is this the guy you are talking about?
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daddybearforex. com
  • #5,932
  • Aug 14, 2012 10:24pm Aug 14, 2012 10:24pm
Quoting DaddyBear
So, there are two heads and one shoulder. What animal is this?
Quoting gnomoneey
don't all men made of two heads and i set of shoulders....
lmao
  • #5,933
  • Aug 14, 2012 10:24pm Aug 14, 2012 10:24pm
Quoting payal
HI gn,

See my posting from last Friday and Monday about the H1 H&S....
I think nomoney try to say this...That is why he is calling 1.0440 as support, but my tp is 1.0450 I want to be sure to close my short before return to 1.0490/99. Also maybe the neck is complete now without problems.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,934
  • Aug 14, 2012 10:37pm Aug 14, 2012 10:37pm
Quoting Luis Carlos
I think nomoney try to say this...That is why he is calling 1.0440 as support, but my tp is 1.0450 I want to be sure to close my short before return to 1.0490/99. Also maybe the neck is complete now without problems.
This position is neck or wave a
  • #5,935
  • Aug 14, 2012 10:38pm Aug 14, 2012 10:38pm
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  • #5,936
  • Aug 14, 2012 10:40pm Aug 14, 2012 10:40pm
Quoting bouble
This position is neck or wave a
or 1 if it is not a correction
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,937
  • Aug 14, 2012 10:40pm Aug 14, 2012 10:40pm
Quoting irfandbl
lmao
They say all off men problems are caused by the little head talking to the big head,at times it just has a mind off its own
  • #5,938
  • Aug 14, 2012 10:42pm Aug 14, 2012 10:42pm
Quoting Luis Carlos
or 1 if it is not a correction
Yes...
  • #5,939
  • Aug 14, 2012 10:43pm Aug 14, 2012 10:43pm
Quoting eliteincome
They say all off men problems are caused by the little head talking to the big head,at times it just has a mind off its own
true

and I do believe that the little head has two brains located separately
  • #5,940
  • Aug 14, 2012 10:43pm Aug 14, 2012 10:43pm
Quoting irfandbl
Attachment
Why you do not look at your ball?
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