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  • #703,861
  • Oct 6, 2012 3:15pm Oct 6, 2012 3:15pm
Quoting aeternum
Frankly, no one can predict anything. Trying to buy or sell based on what I see may not help either because anything can go anyway. It may have been bullish for the past 3 days, but once you enter, it may decide to retrace.

As of now, it has been super bullish on a daily scale and we have weekly bullish engulfing. I am still not convinced because this is still somewhat of a lower high from 1.317.
Don't count too much on bullish engulfing on the weekly. That might be very bullish at the bottom of a down trend, but this is not a trend reversal, it is just a retrace from the high.
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  • #703,862
  • Oct 6, 2012 3:25pm Oct 6, 2012 3:25pm
It makes not much sense to me that EU would go up much more in the coming week.
Look at it this way: Aud/USD has breached support @ 1.0165 and is likely to move further south. Eur/Aud had more than 450 pips up last week and is very oversold and dying for at least a retrace in the coming week.

So if Aud/USD goes down because support is broken and Eur/Aud goes down to get out of the oversold zone, then EU can't go up much more.
But everything is possible.
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  • #703,863
  • Oct 6, 2012 3:54pm Oct 6, 2012 3:54pm
Quoting KillerWhale
It makes not much sense to me that EU would go up much more in the coming week.
Look at it this way: Aud/USD has breached support @ 1.0165 and is likely to move further south. Eur/Aud had more than 450 pips up last week and is very oversold and dying for at least a retrace in the coming week.

So if Aud/USD goes down because support is broken and Eur/Aud goes down to get out of the oversold zone, then EU can't go up much more.
But everything is possible.
Also check eurusd history at 1.4200 how it behaved just prior and after the weekend. The way I calculate the gaps, it's still unfilled. Same may happen again.
The Thief of Wall Street
  • #703,864
  • Oct 6, 2012 3:58pm Oct 6, 2012 3:58pm
Quoting Chicky
Also check eurusd history at 1.4200 how it behaved just prior and after the weekend. The way I calculate the gaps, it's still unfilled. Same may happen again.
Will post a chart soon after landing. Cannot post a chart while flying. I am piloting a Beach Craft plane with 4 passengers and don't want to crash in the mountains.
The Thief of Wall Street
  • #703,865
  • Oct 6, 2012 4:17pm Oct 6, 2012 4:17pm
Quoting Chicky
Will post a chart soon after landing. Cannot post a chart while flying. I am piloting a Beach Craft plane with 4 passengers and don't want to crash in the mountains.
Just go on auto-pilot. I know you can do it!
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  • #703,866
  • Oct 6, 2012 4:30pm Oct 6, 2012 4:30pm
Quoting KillerWhale
Just go on auto-pilot. I know you can do it!
But have a safe trip
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  • #703,867
  • Edited 7:05pm Oct 6, 2012 6:54pm | Edited 7:05pm
Quoting KillerWhale
But have a safe trip
I doubt.

http://vimeo.com/m/44598871

http://bonjourplanetearth.blogspot.c...femen.html?m=1
The Thief of Wall Street
  • #703,868
  • Oct 6, 2012 7:45pm Oct 6, 2012 7:45pm
Quoting Chicky
I doubt.

http://vimeo.com/m/44598871

http://bonjourplanetearth.blogspot.c...femen.html?m=1
Funny
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  • #703,869
  • Oct 6, 2012 7:58pm Oct 6, 2012 7:58pm
Quoting attila
for intraday, 2 things.. what did the ran happened on? draghi. and fridays usually go the other way and trim some gains..

on the long term, I strongly believe we'll see 2642 before 3400..
GL next week.... I'm taking a break.. The statement above is still valid until proven otherwise . I would like a DT or a failed high just for safety though..

If I'm right, this will be the mother of all shorts.
  • #703,870
  • Oct 6, 2012 10:09pm Oct 6, 2012 10:09pm
Quoting attila
GL next week.... I'm taking a break.. The statement above is still valid until proven otherwise . I would like a DT or a failed high just for safety though..

If I'm right, this will be the mother of all shorts.
Lolz, the mother of all shorts (for eu) was in 2008 with 3700 pips in 4 months.
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  • #703,871
  • Oct 6, 2012 11:16pm Oct 6, 2012 11:16pm
Quoting paulyjah
your statement"trying to buy or sell base on what you see may not help coz anything can happen" Yes that is what makes forex what it is till today. Here is my advice: Before you establish/open a position,you must know the impulsive & corrective trend.then base on this,if the impulsive trend is to the upside,then wait for a corrective trend and search for a buy setup or price action like hammer & engulf pattern. Hope this Helps.
Appreciate the tips, thank you I'm unsure if my wave counts are right. And I know it would be safer to only take one side of the trade, so go long if its a bullish wave, but I would like to practise and test myself to identify the smaller waves so I can become a better trader.
A 1 pip gain is better than a 1 pip loss.
  • #703,872
  • Oct 6, 2012 11:18pm Oct 6, 2012 11:18pm
Quoting KillerWhale
Don't count too much on bullish engulfing on the weekly. That might be very bullish at the bottom of a down trend, but this is not a trend reversal, it is just a retrace from the high.
Yes, I understand that. I normally don't count on large timeframes for candle signals unless they become obvious, like what you mentioned. A bullish engulfing on a down trend, or a doji.

I hope I am right and this starts going down to 1.273.
A 1 pip gain is better than a 1 pip loss.
  • #703,873
  • Oct 6, 2012 11:57pm Oct 6, 2012 11:57pm
Quoting screwup
no no no .... no gap. it's up .... screw up
come on 3131 .... if i'm right, it will be a father of dragon fly 34xx .... 3900...
  • #703,874
  • Edited 1:58am Oct 7, 2012 12:38am | Edited 1:58am
Possible GAP's are changing in the last few hours
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  • #703,875
  • Edited 1:58am Oct 7, 2012 1:46am | Edited 1:58am
Quoting KillerWhale
Possible GAP's are changing in the last few hours
AU = up gap, EA = down gap, EU = up gap at this moment, UCad is 2 pips down
Nzd/Usd is up by 13 pips. HMMMMM I'm berries on this one! But no trades open yet.
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  • #703,876
  • Oct 7, 2012 1:55am Oct 7, 2012 1:55am
Quoting KillerWhale
AU = up gap, EA = down gap, EU = up gap at this moment, UCad is 2 pips down
Nzd/Usd is up by 13 pips. HMMMMM I'm berries on this one! But no trades open yet.
Revaluating in a few hours.
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  • #703,877
  • Oct 7, 2012 1:57am Oct 7, 2012 1:57am
Quoting KillerWhale
Revaluating in a few hours.
Any ideas please let me know okay?
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  • #703,878
  • Oct 7, 2012 2:04am Oct 7, 2012 2:04am
A little music in between, I saw this live in South Africa a couple of years ago, all the women performing were topless!

Inserted Video
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  • #703,879
  • Oct 7, 2012 2:28am Oct 7, 2012 2:28am
Made some experiments on mathematically important numbers & fibo levels (lucas numbers, fibos, gann angles, etc). Maybe I should get a life.....

Well anyway the point in mathematically relevant numbers is of course the fact that they seem to explain phenomena in the world (as fibs do) so why not in trading. These ones seem to work pretty good.
W1 swings to H4 chart, D1 swings to H1, H1 swings to M5.....

0 3 6.2 12.5 14.4 17.95 21 22.5 23.6 29 34 38.2 45 47 50 56.25 60 61.8 63.75 66.6 67.5 71.25 73.4 75 76 78.75 82.5 85.4 86.25 90 100
  • #703,880
  • Oct 7, 2012 2:42am Oct 7, 2012 2:42am
Quoting Whistlepips
Made some experiments on mathematically important numbers & fibo levels (lucas numbers, fibos, gann angles, etc). Maybe I should get a life.....

Well anyway the point in mathematically relevant numbers is of course the fact that they seem to explain phenomena in the world (as fibs do) so why not in trading. These ones seem to work pretty good.
W1 swings to H4 chart, D1 swings to H1, H1 swings to M5.....

0 3 6.2 12.5 14.4 17.95 21 22.5 23.6 29 34 38.2 45 47 50 56.25 60 61.8 63.75 66.6 67.5 71.25 73.4 75 76 78.75 82.5 85.4 86.25 90 100...
-.-
Hero calls followed by margin calls...
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