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  • #1,121
  • Oct 13, 2012 3:23am Oct 13, 2012 3:23am
just noticed

mind the % 61.8 level.

price is just testing there

the strenght of that level will give us the result

bull or bear for medium term.

Quoting stevewalker
1.20x since 1999

horizantal line indicates 01-01-1999 where € released

notice %50 level.
  • #1,122
  • Oct 13, 2012 3:26am Oct 13, 2012 3:26am
when I had noticed that 1.20x % 50 fibo level ~2 months ago, my forecast was 1.35x


Quoting mok1one
. if 3200 broken yearly outcome would be 1.41-42 ? Would like to see that again

1400 PIPS
  • #1,123
  • Oct 13, 2012 3:31am Oct 13, 2012 3:31am
Quoting stevewalker
just noticed

mind the % 61.8 level.

price is just testing there

the strenght of that level will give us the result

bull or bear for medium term.
Also noticed that.

So i guess next week will be very important for the longer-term direction.
And my prediction for the coming week is we test the 61.8 level one more time,then test %50 level and then take out the 61.8.

But I'm not familiar with price repeating its' behaviour.

See post:

Quoting mok1one
Actually i have the same feeling. I was making a trading plan for next week and I noticed that the 4HR chart is kind of copying itself into the squeeze. Is that really possible? The expansion that I made below actual chart seems to be favoring the time of the fundamentals. I really am looking forward to hear your comments and thoughts on that idea.Thank you

Do you see the similarities.

Yellow box is added as a expansion for next weeks PA prediction on the chart.

So according to my very unreal prediction and observation Monday start back...
Attached Image (click to enlarge)
Click to Enlarge Name: unreal.JPG Size: 77 KB
  • #1,124
  • Oct 13, 2012 3:32am Oct 13, 2012 3:32am
will prepare some charts for a question from trader about levels.

and post when ready

Quoting stevewalker
as no trade & friday afternoon here, I will be leaving little early

& I have some pills to take, but before should full my stomach.

I will be posting some charts about levels this weekend as requested by a trader.

see you weekend or next week.

  • #1,125
  • Oct 13, 2012 3:37am Oct 13, 2012 3:37am
what is wright is wright. I will not stole others ideas & post as mine.
that narrowing idea posted by xandi days ago.
& he did made super pips from that forecast while others trading reverse.

now your forecast from 4 H is support that idea as well.

so basicly we should draw a horizantal line @ %50 & watch for a bounce over or below.

if yo can post that chart with mentioned line added will be appricitaed.


Quoting mok1one
Also noticed that.

So i guess next week will be very important for the longer-term direction.
And my prediction for the coming week is we test the 61.8 level one more time,then test %50 level and then take out the 61.8.

But I'm not familiar with price repeating its' behaviour.

See post:
  • #1,126
  • Edited 3:55am Oct 13, 2012 3:44am | Edited 3:55am
looking your chart
great work.

I guess you are the one who is forming EURUSD. confess!!!

your analyses seems very logic.

due what I have learned is techinals & fundumentals SOMEHOW works togather.



Quoting mok1one
Also noticed that.

So i guess next week will be very important for the longer-term direction.
And my prediction for the coming week is we test the 61.8 level one more time,then test %50 level and then take out the 61.8.

But I'm not familiar with price repeating its' behaviour.

See post:
  • #1,127
  • Oct 13, 2012 3:59am Oct 13, 2012 3:59am
we must not forget for IMF meeting this weekend. Everithing shold be changed if politicians relasaed some information, which impacted the market... but your analysis is same as my
  • #1,128
  • Oct 13, 2012 4:09am Oct 13, 2012 4:09am
well pointed

& we are expecting that.

as said we should see monday open/close

- gap open possible.

as these months bigdogs trading weekends & keeping retail traders out of the game.


Quoting Maros
we must not forget for IMF meeting this weekend. Everithing shold be changed if politicians relasaed some information, which impacted the market... but your analysis is same as my
  • #1,129
  • Oct 13, 2012 4:21am Oct 13, 2012 4:21am
how we can determine trading levels for entry/exit.

- we should use bigger time frame then what we are using to trade to determine correct levels.

eg...

İf I trade 15 min chart I should check levels from 1 & 4 H charts.

what tools we can use?
for intraday trading Horizantal levels are good.
on the other hand if you are able to draw Trend Lines you can also use those as digonal levels.
( I adise you to dont delete the old ones, they will work in the future. it is bit messy but informative )

Use attached SR indi ( supoort & resistance ) & apply on bigger time frames as explained & define your levels.

you can also use Fibo levels for more global outlook. ( you can learn how to use fibo with a quick net search )

are these levels correct?

all levels are correct/incorrect.

you will make your own desecion.

as on Friday when we were long here we had determined 3 levels, 1 st hit and remaining 2 missed.

hope this helps.

good luck!

walker.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: w2.jpg Size: 102 KB
Attached File(s)
File Type: ex4 SR.ex4   2 KB | 237 downloads
File Type: mq4 SR.mq4   1 KB | 265 downloads
  • #1,130
  • Oct 13, 2012 4:24am Oct 13, 2012 4:24am
Thanks Steve, I am flattered, but I am only on my way to become the One


Quoting stevewalker
shiko

nice to see you here.
as also mentioned before you are one of the best trader I have ever met. you should visit here time to time ( my wish is full time ) & posts your ideas/charts/trades.

as I got back to more manual trading then coding strated, to post here.
( Coding still continiou for testing algos & Back Test )

MFB is good for Robot discussions. But not for manual trading I guess.

good luck.

walker.
  • #1,131
  • Oct 13, 2012 4:32am Oct 13, 2012 4:32am
your humbleness is a proof of my post.

will be watcihng to see you here

Quoting shiko
Thanks Steve, I am flattered, but I am only on my way to become the One
  • #1,132
  • Oct 13, 2012 4:33am Oct 13, 2012 4:33am
as you know Steve, I am not interested in few pips and can stay in trades for quite some time to milk trend to the fullest. on daily e/u is in triangle, narrowing range so far. I am not sure what news were on Friday but e/u closed right at previous day high and failed even to touch 1.300.
I am waiting for Sunday Monday candles to decide. ma's pointing to long but price action might change that plus ma's are pretty close together. trying to catch break out whenever it might go.

Attached Image (click to enlarge)
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  • #1,133
  • Oct 13, 2012 4:34am Oct 13, 2012 4:34am
going back to coding for some hours about waves.

see you later.


Quoting stevewalker
hope I can do it fast.

coding & testing take long time while trading all week.
  • #1,134
  • Oct 13, 2012 4:36am Oct 13, 2012 4:36am
yes

another confirmation for narrowing zone.

which direction you think?
I konw it is difficoult to predict now but I am sure you have an idea.

Quoting shiko
as you know Steve, I am not interested in few pips and can stay in trades for quite some time to milk trend to the fullest. on daily e/u is in triangle, narrowing range so far. I am not sure what news were on Friday but e/u closed right at previous day high and failed even to touch 1.300.
I am waiting for Sunday Monday candles to decide. ma's pointing to long but price action might change that plus ma's are pretty close together. trying to catch break out whenever it might go.

Attachment
  • #1,135
  • Oct 13, 2012 4:39am Oct 13, 2012 4:39am
Frankly have no idea. You might know I have been long and short e/u and other pairs in the past 3 weeks. been up to +200 pips in both direction on this pair and ended with BE stops. no idea. I prefer not to have idea cause I have to take all signals long or short. no opinion. but overall long term I think it can make new low with good portion of bad news from Eur. but USD also has its bag of bad news especially with financial cliff coming so, who knows. I would love a 2000 pips run

Quoting stevewalker
yes

another confirmation for narrowing zone.

which direction you think?
I konw it is difficoult to predict now but I am sure you have an idea.
  • #1,136
  • Oct 13, 2012 4:39am Oct 13, 2012 4:39am
Well. I just realized i was wrong. I misread the chart and the topic.I though it was 4hr but actually its monthly u showed. The 50% is WAAAAAAAAAAAAY down at 2128 . but 61,8 I think will be taken out in the coming weeks.For my defense i can say i am at work at the moment and didn't sleep so well in the night so a bit tired @ the moment. This will dismiss the fib retrace theory, but the numbers i really ment are quoted.

Quoting mok1one
So according to my very unreal prediction and observation Monday start back to 2900. Then 3020-30. Back to 2840-50? And then to the sky ?.
  • #1,137
  • Oct 13, 2012 4:44am Oct 13, 2012 4:44am
yes those days were bad for your trades. short runs.
same as my trades. when I see net 20 pip run, I be happy.

the consolidation period of last daily chart run is still in place.

at the end it will break. the issue is we should be ready & there to take the trades @ right time .

Quoting shiko
Frankly have no idea. You might know I have been long and short e/u and other pairs in the past 3 weeks. been up to +200 pips in both direction on this pair and ended with BE stops. no idea. I prefer not to have idea cause I have to take all signals long or short. no opinion. but overall long term I think it can make new low with good portion of bad news from Eur. but USD also has its bag of bad news especially with financial cliff coming so, who knows. I would love a 2000 pips run
  • #1,138
  • Oct 13, 2012 4:47am Oct 13, 2012 4:47am
no worries.

we all make mistakes.

we all should identify chart time frame with in post.

Quoting mok1one
Well. I just realized i was wrong. I misread the chart and the topic.I though it was 4hr but actually its monthly u showed. The 50% is WAAAAAAAAAAAAY down at 2128 . but 61,8 I think will be taken out in the coming weeks.For my defense i can say i am at work at the moment and didn't sleep so well in the night so a bit tired @ the moment. This will dismiss the fib retrace theory, but the numbers i really ment are quoted.
  • #1,139
  • Oct 13, 2012 4:50am Oct 13, 2012 4:50am
Quoting stevewalker
yes those days were bad for your trades. short runs.
same as my trades. when I see net 20 pip run, I be happy.

the consolidation period of last daily chart run is still in place.

at the end it will break. the issue is we should be ready & there to take the trades @ right time .

it's called whipsaw or ranging market/ consolidation. happens all the time. the key is to have big months to covers losses from ranging months. signals ar enot clear now this is why I open and close trades. small bleeding for now.
  • #1,140
  • Oct 13, 2012 4:51am Oct 13, 2012 4:51am
when I summarised last week macrodatas, I expect down gap and contunuing to thursday bottom, mabe tasting bottom from the 1-st october... but if from mmf meeting climbe out some bullshits, market (and especialy big fishs) can move ewerywhere... but trendline from highest numbers from end fo february showing some different - up for the euro...
Itīs hard to gues, will wait probably and very attentively listening sentences from IMF meeting
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