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  • #703,061
  • Oct 4, 2012 2:28pm Oct 4, 2012 2:28pm
Quoting Mr.Kruger
Anyone shorting cable at these levels?
Pretty good opportunity...i was thinking about it.
1,619x is a good area...so is 1,623x. And i'd look at a target around 1,589x

I'll give a shot tomorrow if it's still there
COT: The precious data ignored
  • #703,062
  • Oct 4, 2012 2:30pm Oct 4, 2012 2:30pm
Quoting kuroro001
Pretty good opportunity...i was thinking about it.
1,619x is a good area...so is 1,623x. And i'd look at a target around 1,589x

I'll give a shot tomorrow if it's still there
Yep, 1,623x would be excellent.
  • #703,063
  • Oct 4, 2012 2:30pm Oct 4, 2012 2:30pm
Quoting Mr.Kruger
Anyone shorting cable at these levels?
may wait for 1.6230
  • #703,064
  • Oct 4, 2012 2:31pm Oct 4, 2012 2:31pm
Quoting Mr.Kruger
Anyone shorting cable at these levels?

Yup, I'm considering short here too. First target maybe 1.607x area, second trailing stop ;D
  • #703,065
  • Oct 4, 2012 2:41pm Oct 4, 2012 2:41pm
Quoting stevewalker
how do you determine those S/D levels?
technically

walker.
First of all I trace all support and resistance lines from different TF (From Monthly to 4h, not less.) then I focus on the daily/4H chart and I see where price has been rejected by the resistance and I trace a rectangle around it has been rejected more.

For example: I have a resistance at 1.000, in my chart I see that price has bounced from 0,98-0,99-1,01 and 1,04 then I trace my rectangle from 0,98 to 1,04 so I can see in which zone are probably positioned the sellers and I wait a signal of inversion/breakout and if I can't be on the platform I usually place limit orders near the buy/zone (Only when my analysis confirm that around these area could be a bounce/breakout)
  • #703,066
  • Oct 4, 2012 2:44pm Oct 4, 2012 2:44pm
My 8 hr chart is showing a possible close in between the 50 - 61.8 fibs from the high off of helicopter ben to the low on Sep 30th.

Wonder if we'll get a nice kickback under 1.3000
  • #703,067
  • Oct 4, 2012 2:44pm Oct 4, 2012 2:44pm
thank you

so you basicly first select the S/R from higher time frames that has worked then determine the volatility at that zones then mark it.

correct?


Quoting mikijk3
First of all I trace all support and resistance lines from different TF (From Monthly to 4h, not less.) then I focus on the daily/4H chart and I see where price has been rejected by the resistance and I trace a rectangle around it has been rejected more.

For example: I have a resistance at 1.000, in my chart I see that price has bounced from 0,98-0,99-1,01 and 1,04 then I trace my rectangle from 0,98 to 1,04 so I can see in which zone are probably positioned the sellers and I wait a signal of inversion/breakout and if I can't be on the platform...
  • #703,068
  • Oct 4, 2012 2:52pm Oct 4, 2012 2:52pm
Quoting stevewalker
thank you

so you basicly first select the S/R from higher time frames that has worked then determine the volatility at that zones then mark it.

correct?
Yes, it's correct. 4H is the minimun TF where I select S/R and it's the TF where I trace my S/D zone..

In my chart Blue line means its a monthly S/R, Red a Weekly, black a daily and dashed or grey a 4H, trendlines are colored according to this method too
  • #703,069
  • Oct 4, 2012 2:55pm Oct 4, 2012 2:55pm
thank you
Quoting mikijk3
Yes, it's correct. 4H is the minimun TF where I select S/R and it's the TF where I trace my S/D zone..

In my chart Blue line means its a monthly S/R, Red a Weekly, black a daily and dashed or grey a 4H, trendlines are colored according to this method too
  • #703,070
  • Oct 4, 2012 2:55pm Oct 4, 2012 2:55pm
will be watching your charts

Quoting stevewalker
thank you
  • #703,071
  • Oct 4, 2012 3:00pm Oct 4, 2012 3:00pm
DJI index could not break BST 16 close into NY close, briefly dipped below.

Fast cover on eurusd.
They think they are smarter than I am.
  • #703,072
  • Oct 4, 2012 3:20pm Oct 4, 2012 3:20pm
Quoting stevewalker
thank you
It's a pleasure, when you want
  • #703,073
  • Oct 4, 2012 3:22pm Oct 4, 2012 3:22pm
Great. Missed all of fun again. Was working. Missed at least 100 pips.
  • #703,074
  • Oct 4, 2012 3:22pm Oct 4, 2012 3:22pm
Hi everyone, I just shorted EU @3018, SL @3035, TP @2975

Would like to hear your suggestions if it is reasonable to short now... I am not picking top but it overbought in every indicators i see...

Gotta take a chance sometimes
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  • #703,075
  • Oct 4, 2012 3:25pm Oct 4, 2012 3:25pm
when 15M lower channel broken I will lite a candle
  • #703,076
  • Oct 4, 2012 3:26pm Oct 4, 2012 3:26pm
Don't short this thing without a clear short signal. We have seen a massive rise of euro. IMO you are gambling...
  • #703,077
  • Oct 4, 2012 3:37pm Oct 4, 2012 3:37pm
Quoting kevinpham
Hi everyone, I just shorted EU @3018, SL @3035, TP @2975

Would like to hear your suggestions if it is reasonable to short now... I am not picking top but it overbought in every indicators i see...

Gotta take a chance sometimes
i am not shorting until after NFP tomorrow
A good trader follows his rules, but great trader knows when to break them
  • #703,078
  • Oct 4, 2012 3:38pm Oct 4, 2012 3:38pm
to whom interested

I had found a thread about S/D zones

lots of reads on weekend huh

http://www.forexfactory.com/showthre...59#post5815359
  • #703,079
  • Oct 4, 2012 3:41pm Oct 4, 2012 3:41pm
this is not a comp game with Unlimitted ammo

at some point bulls will take breath


Quoting stevewalker
when 15M lower channel broken I will lite a candle
  • #703,080
  • Oct 4, 2012 3:45pm Oct 4, 2012 3:45pm
Quoting stevewalker
this is not a comp game with Unlimitted ammo

at some point bulls will take breath
I agree with you Steve....I have to bow out for today though.

Will have to restart this short campaign after tomorrow. This doesn't look like its going to move anything more than +/- 20 pips
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