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  • #7,521
  • Aug 22, 2012 11:47pm Aug 22, 2012 11:47pm
Back from work

Same old story

Been out talking people into buying all sorts of shit that they really don't need.

Way I look at somebody has to do it.

Now if I could learn to trade full time then this would be a game changer for me.

Still we all have to start at the beginning,I feel like the turtle with no legs at the moment.

Maybe a turtle trying to climb up a hill with no legs would be closer to the truth.

Wondering will this China news make the AUS retrace to 10400 etc
  • #7,522
  • Aug 23, 2012 12:12am Aug 23, 2012 12:12am
Quoting eliteincome
Back from work

Same old story

Been out talking people into buying all sorts of shit that they really don't need.

Way I look at somebody has to do it.

Now if I could learn to trade full time then this would be a game changer for me.

Still we all have to start at the beginning,I feel like the turtle with no legs at the moment.

Maybe a turtle trying to climb up a hill with no legs would be closer to the truth.

Wondering will this China news make the AUS retrace to 10400 etc
Same me.

But , turtle has 4 legs.

AU will down to 1.0400 really?

... I know .. go to keep 4 leg for climb up.

maybe If use this trend
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  • #7,523
  • Aug 23, 2012 12:25am Aug 23, 2012 12:25am
Attached Image (click to enlarge)
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  • #7,524
  • Aug 23, 2012 12:28am Aug 23, 2012 12:28am
Quoting bouble
That mean no more down again?
It's down already.
daddybearforex. com
  • #7,525
  • Aug 23, 2012 12:30am Aug 23, 2012 12:30am
Quoting eliteincome
Back from work

Same old story

Been out talking people into buying all sorts of shit that they really don't need.

Way I look at somebody has to do it.

Now if I could learn to trade full time then this would be a game changer for me.

Still we all have to start at the beginning,I feel like the turtle with no legs at the moment.

Maybe a turtle trying to climb up a hill with no legs would be closer to the truth.

Wondering will this China news make the AUS retrace to 10400 etc
You know that Turtles are famous in Forex when a group of them were formed back in the 1980's, one of their strategies was to monitor Daily candles (the tighter the range the better) They would count back 20 days and mark the highest and lowest candle within that range if price broke above or below the 20 day consolidation they would take the trade. They might get many false signals but they only needed 2/3 good strong trends per year and the system would be profitable.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,526
  • Aug 23, 2012 12:35am Aug 23, 2012 12:35am
A break and retest of 1.05 could be a possible Conservative way to enter short
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,527
  • Aug 23, 2012 12:37am Aug 23, 2012 12:37am
Quoting DaddyBear
It's down already.
Target?
  • #7,528
  • Aug 23, 2012 12:41am Aug 23, 2012 12:41am
If we use line up line , already touch.
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  • #7,529
  • Aug 23, 2012 12:43am Aug 23, 2012 12:43am
Quoting SlyQsx
Attachment
So deep?
  • #7,530
  • Aug 23, 2012 1:16am Aug 23, 2012 1:16am
Good afternoon everyone..

Here are the targets for today

Attached Image


70% daily target has been reached and a retrace might occur considering we have bearish divergence on H4 and bearish gartley as well

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if this pair keeps trying to go up then look out for the other numbers inside the redboxes
  • #7,531
  • Aug 23, 2012 1:30am Aug 23, 2012 1:30am
Quoting irfandbl
Good afternoon everyone..

Here are the targets for today

Attachment

70% daily target has been reached and a retrace might occur considering we have bearish divergence on H4 and bearish gartley as well

Attachment

Attachment

if this pair keeps trying to go up then look out for the other numbers inside the redboxes
You use an RSI with a 5 setting which is showing you divergence, I use a 14 setting so do not have that divergence on my chart. I do however have divergence on the CCI, Stoch's, ADX and MACD, but I like to see divergence build slowly over a period of time, this divergence was caused be fundamental news, so not sure how reliable it is.

I do expect the pair to go down, but am watching PA rather than indicators, because of the sudden move up.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,532
  • Aug 23, 2012 1:32am Aug 23, 2012 1:32am
Quoting irfandbl
Good afternoon everyone..

Here are the targets for today

Attachment

70% daily target has been reached and a retrace might occur considering we have bearish divergence on H4 and bearish gartley as well

Attachment

Attachment

if this pair keeps trying to go up then look out for the other numbers inside the redboxes
Hi.
  • #7,533
  • Aug 23, 2012 1:38am Aug 23, 2012 1:38am
Quoting Robot Trader
You use an RSI with a 5 setting which is showing you divergence, I use a 14 setting so do not have that divergence on my chart. I do however have divergence on the CCI, Stoch's, ADX and MACD, but I like to see divergence build slowly over a period of time, this divergence was caused be fundamental news, so not sure how reliable it is.

I do expect the pair to go down, but am watching PA rather than indicators, because of the sudden move up.
PA that's mean price action or not?
  • #7,534
  • Aug 23, 2012 1:39am Aug 23, 2012 1:39am
Quoting bouble
PA that's mean price action or not?
Yes correct
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,535
  • Aug 23, 2012 1:43am Aug 23, 2012 1:43am
Quoting Robot Trader
You use an RSI with a 5 setting which is showing you divergence, I use a 14 setting so do not have that divergence on my chart. I do however have divergence on the CCI, Stoch's, ADX and MACD, but I like to see divergence build slowly over a period of time, this divergence was caused be fundamental news, so not sure how reliable it is.

I do expect the pair to go down, but am watching PA rather than indicators, because of the sudden move up.
Yes, I'm using 5 RSI instead of 14 because it's more sensitive I read in one of the FF threads. Not sure about the accuracy though, I guess the 14 one is more accurate. Never knew that we can use ADX for divergences as well, thanks mate!

Quoting bouble
Hi.
Sawat dee krup
  • #7,536
  • Aug 23, 2012 1:46am Aug 23, 2012 1:46am
Quoting Robot Trader
Yes correct
Price movement in time or not? Can you refer to me?
  • #7,537
  • Aug 23, 2012 1:47am Aug 23, 2012 1:47am
Quoting irfandbl
Yes, I'm using 5 RSI instead of 14 because it's more sensitive I read in one of the FF threads. Not sure about the accuracy though, I guess the 14 one is more accurate. Never knew that we can use ADX for divergences as well, thanks mate!



Sawat dee krup
How much pip today?
  • #7,538
  • Aug 23, 2012 1:55am Aug 23, 2012 1:55am
Quoting bouble
Price movement in time or not? Can you refer to me?
Well I really want to see some volume, I am watching the 15M chart we are starting to get LH & LL in a wave pattern on its way back down to 1.05. I want to see it break below then retest 1.05 but hold below it. That would be a good entry for me.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,539
  • Aug 23, 2012 2:05am Aug 23, 2012 2:05am
Quoting Robot Trader
Well I really want to see some volume, I am watching the 15M chart we are starting to get LH & LL in a wave pattern on its way back down to 1.05. I want to see it break below then retest 1.05 but hold below it. That would be a good entry for me.
refer with volume.....

LH = Low high?

LL = Low Low?

That's mean , will have reference price ,trend and go to check price movement ?

pattern of candlesticks can call price action?
  • #7,540
  • Aug 23, 2012 2:06am Aug 23, 2012 2:06am
Quoting bouble
How much pip today?
non yet on A/U, underwater on E/U
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