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  • #711,261
  • Oct 24, 2012 7:26pm Oct 24, 2012 7:26pm
1.3140 by the end of the week?
Time turns trend. - W.D. Gann
  • #711,262
  • Oct 24, 2012 7:31pm Oct 24, 2012 7:31pm
Quoting ForExtraPips
1.3140 by the end of the week?
i can see that AFTER a dip below 2900 (in which case my small pending short will pay out a little... i hope)
  • #711,263
  • Oct 24, 2012 7:38pm Oct 24, 2012 7:38pm
Quoting 1candlepower
trick before continuation of down move? to scare away as many shorts as possible?

Attachment

idea would be to minimize number of shorts taking large profits after price falls... back into channel

your 5 min chart did not convince me. i would trust more my daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1024.gif Size: 24 KB
As Above, So Below
  • #711,264
  • Oct 24, 2012 7:41pm Oct 24, 2012 7:41pm
Quoting sprooz
Hi traders,

just a quick question for you: I would like to trade the eur/dollar with the best return on investment using my 30,000$ interactive brokers account?
Could anyone point me to the best symbol/contract that would enable me to do this?
You will lose even faster with a sex-symbol and a marriage contract.
The Thief of Wall Street
  • #711,265
  • Oct 24, 2012 7:43pm Oct 24, 2012 7:43pm
Quoting tashkent
your 5 min chart did not convince me. i would trust more my daily chart.
hey! that's exactly my longer term view.

the lower tl of the channel beginning in July is where i think price will fall to before it heads up again.

if it does that tomorrow, then it will just dip under 2900 before shooting back up to maybe 3200.

(ps: the 5 min chart is my trickster view... ps: ps: your line slopes upward more than mine does --- imo, you cannot draw accurate trendlines unless you first reduce your timeframe to a small fraction of your trend channel --- error enters where the center of each candle on a higher timeframe may be significantly displaced from the actual hi or low spike position)
  • #711,266
  • Oct 24, 2012 7:43pm Oct 24, 2012 7:43pm
Something is brewing.
Attached Image (click to enlarge)
Click to Enlarge Name: somethingisbrewing.jpg Size: 97 KB
Time turns trend. - W.D. Gann
  • #711,267
  • Oct 24, 2012 7:53pm Oct 24, 2012 7:53pm
Quoting ForExtraPips
Something is brewing.
..........for the last several days, ..............and The Cup is all ready on Daily Timeframe
The Thief of Wall Street
  • #711,268
  • Oct 24, 2012 7:56pm Oct 24, 2012 7:56pm
Quoting tashkent
your 5 min chart did not convince me. i would trust more my daily chart.
I've been losing for almost 4 years so you probably don't want to hear anything from me. But, we're already in a consolidation phase as you can see in the chart. With the Parabolic SAR, you'd have a sell signal already.

I'm kind of wondering though whether some Greek politicians will quit ahead of the vote on the austerity measures then Greece will run out of money on November 16, 2012 and exit the Eurozone to get some cash from investors.
  • #711,269
  • Oct 24, 2012 8:02pm Oct 24, 2012 8:02pm
$yen spiking it might test 80 again , last time it was rejected
Mohan
  • #711,270
  • Oct 24, 2012 8:02pm Oct 24, 2012 8:02pm
could be nice short au or kiwi 8224, just beware BOJ intervention
If you are new to Forex? Say Goodbye to your account!!
  • #711,271
  • Oct 24, 2012 8:05pm Oct 24, 2012 8:05pm
Quoting 1candlepower
hey! that's exactly my longer term view.

the lower tl of the channel beginning in July is where i think price will fall to before it heads up again.

if it does that tomorrow, then it will just dip under 2900 before shooting back up to maybe 3200.

(ps: the 5 min chart is my trickster view... ps: ps: your line slopes upward more than mine does --- imo, you cannot draw accurate trendlines unless you first reduce your timeframe to a small fraction of your trend channel --- error enters where the center of each candle on a higher timeframe may be...
you are right with your ps notes. however i have to see at least a few months development in my chart to get better idea. that is probably i trade intraday. 5 m TF is optimal for scalping but not for identifying direction of longer trend.
As Above, So Below
  • #711,272
  • Edited 8:21pm Oct 24, 2012 8:10pm | Edited 8:21pm
Quoting KiwiTrada
could be nice short au or kiwi 8224, just beware BOJ intervention
yea watching @ 80 if it break 80.20 good level to short au & aj , aj left over from yesterday 9 pip short of it's tp

edit Nikkie also about to test 9k

edit 2 manually booked for 90 pip
Mohan
  • #711,273
  • Oct 24, 2012 8:14pm Oct 24, 2012 8:14pm
Quoting tashkent
you are right with your ps notes. however i have to see at least a few months development in my chart to get better idea. that is probably i trade intraday. 5 m TF is optimal for scalping but not for identifying direction of longer trend.
i agree about the ident of longer trends, but before i turn in for the day, i wanted add something:

i notice that traders who are good at using candles (i'm not one of them yet) often don't like using trendlines at all and i think that's because you really do have to compress the MT4 display all the way down with zoom-out button till candles turn into little lines ... if you don't, you will never get a clear match up with the tl... tl's won't work for you.

i guess you see that, but i think a lot of trader don't
  • #711,274
  • Edited 8:43pm Oct 24, 2012 8:19pm | Edited 8:43pm
Quoting mohan76
yea watching @ 80 if it break 80.20 good level to short au & aj , aj left over from yesterday 9 pip short of it's tp

edit Nikkie also about to test 9k
yup, i watching kiwi closely, last time we here she pierced twice 18th oct h4 before bears got on top, watching geppy if 128 20 goes I may jump ship

ps her piercing while typing
If you are new to Forex? Say Goodbye to your account!!
  • #711,275
  • Oct 24, 2012 8:19pm Oct 24, 2012 8:19pm
Quoting clambill
I've been losing for almost 4 years so you probably don't want to hear anything from me. But, we're already in a consolidation phase as you can see in the chart. With the Parabolic SAR, you'd have a sell signal already.

I'm kind of wondering though whether some Greek politicians will quit ahead of the vote on the austerity measures then Greece will run out of money on November 16, 2012 and exit the Eurozone to get some cash from investors.
anything may happen and market is unpredictable. i am not in a position of predicting price, however i would always prefer to go with higher probability trade. and my stake is long unless resistance is rejected once more, if it does, i am out of eurusd.
i do not use indys, do not trust them and do not understand them. not interested in fundys and news. i cme to one decision: trust only your eyes; only trust what you see. definitely there are many traders short in this pair, and if i am wrong, will bite the bullet and wont regret.
As Above, So Below
  • #711,276
  • Oct 24, 2012 8:25pm Oct 24, 2012 8:25pm
Quoting 1candlepower
i agree about the ident of longer trends, but before i turn in for the day, i wanted add something:

i notice that traders who are good at using candles (i'm not one of them yet) often don't like using trendlines at all and i think that's because you really do have to compress the MT4 display all the way down with zoom-out button till candles turn into little lines ... if you don't, you will never get a clear match up with the tl... tl's won't work for you.

i guess you see that, but i think a lot of trader don't
definitely, zooming out lower TF gives you more detailed picture. i use mostly 4H TF for that purpose. it is always useful comparing higher and lower TFs.
also you often hear from professional traders that most important thing is horizontal S&R lines, TLs are not important. with all respect to them, i will disagree, TLs are important at least as S&R. again trust what you see.
As Above, So Below
  • #711,277
  • Oct 24, 2012 8:31pm Oct 24, 2012 8:31pm
  • #711,278
  • Oct 24, 2012 8:31pm Oct 24, 2012 8:31pm
Quoting tashkent
your 5 min chart did not convince me. i would trust more my daily chart.
Its hard to say what will happen. But I think your lines is not drawn correctly. I am still looking for a short when it has breached yesterdays high.

But its confusing anyway. Might just stay off trading today.
  • #711,279
  • Oct 24, 2012 8:32pm Oct 24, 2012 8:32pm
Quoting mohan76
$yen spiking it might test 80 again , last time it was rejected
Already rejected more than twice.....
  • #711,280
  • Oct 24, 2012 8:32pm Oct 24, 2012 8:32pm
Quoting ForExtraPips
Something is brewing.
looking at your chart, oct 16 might repeat itself, do you see similarity?
As Above, So Below
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