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EURUSD

  • #692,941
  • Sep 16, 2012 9:33pm Sep 16, 2012 9:33pm
Looks like higher high tonight before a possible retracement.

If it stays above 1.3119 that is.
  • #692,942
  • Sep 16, 2012 9:44pm Sep 16, 2012 9:44pm
Is it realistic to expect 1.3250 area for a target if i am long now from 1.3130 ?
To Your Success!!
  • #692,943
  • Sep 16, 2012 9:57pm Sep 16, 2012 9:57pm
Quoting SunTrader
If you are looking at a weekly chart then you have either

a) wait for the weekly close or b) make assumptions.

I only look at weekly/monthly for longterm picture but trade on H1, H4 and daily. Makes it easy to make lots more assumptions and sooner too.
"Men who can both be right and sit tight are uncommon."
  • #692,944
  • Sep 16, 2012 9:59pm Sep 16, 2012 9:59pm
Quoting Nachiket
Yes right. trapping the bulls in this fake spike.
If she goes back above the blue weekly DTL, the opposite will happen, trapping the bear after she trapped the bulls: "a failure of a fail BO"
"Men who can both be right and sit tight are uncommon."
  • #692,945
  • Sep 16, 2012 10:00pm Sep 16, 2012 10:00pm
Quoting Nachiket
which side u want the candle to be. tell me your wish.
short
Founder of Sutherland Wave Principle
  • #692,946
  • Sep 16, 2012 10:04pm Sep 16, 2012 10:04pm
the hourly close not a good sign for bull..but its still early and we trap in the range...

Aussie kiwi break support...

I may have closed my EU short a bit too early but will wait for Frankie at least I think...since no Tokyo today I will wait for Frankie for signal...

but I m on the bear side..just want a better entry..
Patience, Emotion Control and Discipline.
  • #692,947
  • Sep 16, 2012 10:05pm Sep 16, 2012 10:05pm
Went long euraud @ 1.2456 with 117 pips SL
"Men who can both be right and sit tight are uncommon."
  • #692,948
  • Sep 16, 2012 10:05pm Sep 16, 2012 10:05pm
Quoting Mike8
If she goes back above the blue weekly DTL, the opposite will happen, trapping the bear after she trapped the bulls: "a failure of a fail BO"
even if it goes back 1.3150 is max it can retrace. this upmove has had no retracements at all.
  • #692,949
  • Edited 10:19pm Sep 16, 2012 10:08pm | Edited 10:19pm
Here's an after picture, with a few more trend lines added. The most important thing that I want to point out is where the purple arrow is at. Notice the two trend lines, which were drawn by connecting where two different bottoms meet, and how price is squeezed between them. Then there's a construction sign up ahead, where that V shape type thing. That's the "where price meets time" type thing. When used on larger time frames, you can make some serious pips. There are some days, or some weeks where I know "when" to trade by using this method. 20 pips could have been made with this M1 chart. Just something to think about when thinking outside the box.
Attached Image (click to enlarge)
Click to Enlarge Name: m1eu3.jpg Size: 147 KB
Time turns trend. - W.D. Gann
  • #692,950
  • Sep 16, 2012 10:10pm Sep 16, 2012 10:10pm
Quoting ndsouz
Is it realistic to expect 1.3250 area for a target if i am long now from 1.3130 ?
yes I think so... I have 2 longs with tp 3256

but you never know...

I've also got a couple shorts playing the small dips
I'll pick up the crumbs don't need the whole pie
  • #692,951
  • Sep 16, 2012 10:11pm Sep 16, 2012 10:11pm
Quoting Nachiket
Yes right. trapping the bulls in this fake spike.
There's no traps, no fake moves. Just the same patterns doing what they always do. End of bull run reactions, they are always the same always bound by the same retracement extension reaction levels / points. This is all technically perfect.
Founder of Sutherland Wave Principle
  • #692,952
  • Sep 16, 2012 10:15pm Sep 16, 2012 10:15pm
Quoting Nachiket
even if it goes back 1.3150 is max it can retrace. this upmove has had no retracements at all.
Hi Nachilet.

The chart I sent was audusd.
"Men who can both be right and sit tight are uncommon."
  • #692,953
  • Sep 16, 2012 10:20pm Sep 16, 2012 10:20pm
good morning all!!
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
  • #692,954
  • Sep 16, 2012 10:27pm Sep 16, 2012 10:27pm
Quoting suthmo
There's no traps, no fake moves. Just the same patterns doing what they always do. End of bull run reactions, they are always the same always bound by the same retracement extension reaction levels / points. This is all technically perfect.
Could not of said it better myself. If only someone would teach the sheep about these retracement will they then notice that scalping is the way to go. Identify the formation, and you will be able to accuratly guess the next few points. Yet everyone believes its a trap, when their is no such thing.
He who guess is LOST!
  • #692,955
  • Sep 16, 2012 10:28pm Sep 16, 2012 10:28pm
quite confusing for M1 chart


Quoting ForExtraPips
Here's an after picture, with a few more trend lines added. The most important thing that I want to point out is where the purple arrow is at. Notice the two trend lines, which were drawn by connecting where two different bottoms meet, and how price is squeezed between them. Then there's a construction sign up ahead, where that V shape type thing. That's the "where price meets time" type thing. When used on larger time frames, you can make some serious pips. There are some days, or some weeks where I know "when" to trade by using this method....
making money is easy in forex, losing money is even easier...
  • #692,956
  • Sep 16, 2012 10:31pm Sep 16, 2012 10:31pm
Quoting gugun555
quite confusing for M1 chart
"Those who are unaware are unaware of being unaware." - Author Unaware
Time turns trend. - W.D. Gann
  • #692,957
  • Sep 16, 2012 10:33pm Sep 16, 2012 10:33pm
Quoting gugun555
quite confusing for M1 chart
1M would be very confusing to anyone who is use to any other time frame. Especially considering the fact that the 1m tf reveals to you where exactly the run will begin. Yet it takes time to realize what 1m has to offer.
He who guess is LOST!
  • #692,958
  • Sep 16, 2012 10:37pm Sep 16, 2012 10:37pm
Quoting StopGuessing
1M would be very confusing to anyone who is use to any other time frame. Especially considering the fact that the 1m tf reveals to you where exactly the run will begin. Yet it takes time to realize what 1m has to offer.
Exactly. The lower the time frame, the better, when it comes to scalping. My higher time frame trades are for swing trading.
Time turns trend. - W.D. Gann
  • #692,959
  • Sep 16, 2012 10:39pm Sep 16, 2012 10:39pm
Quoting suthmo
There's no traps, no fake moves. Just the same patterns doing what they always do. End of bull run reactions, they are always the same always bound by the same retracement extension reaction levels / points. This is all technically perfect.
welcome back suthmo been gone for a while....what is the game plan bro?
  • #692,960
  • Sep 16, 2012 10:42pm Sep 16, 2012 10:42pm
1.31475 and 1.30928 are your prices to watch We should be trading within this range for the entire session, yet favoring towards the 1.30928 pivot...
He who guess is LOST!
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