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  • #12,541
  • Nov 9, 2012 11:26am Nov 9, 2012 11:26am
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1352473759

When is this elevator going to stop? I think it is going to unload some smart Bulls later. Most Bulls will be staying in the elevator over the weekend .......
Will stop under floor 1.0415 IMO
  • #12,542
  • Nov 9, 2012 11:27am Nov 9, 2012 11:27am
Quoting DaddyBear
Even they are right on the money later, I believe there is one more drop before everything is said and done. IMO
I just got my super fast cable Internet service back on. During last two days, using my neighbor's low speed and limited connection, I still managed to make good returns. I am not trying to brag what I have done but to make a statement that never back off from any difficulties. The tougher we face in the market, the better of the trading we will enjoy. My 2 cents.
daddybearforex. com
  • #12,543
  • Nov 9, 2012 11:29am Nov 9, 2012 11:29am
Quoting Tim_isoara
Will stop under floor 1.0415 IMO
Possible. Let me go to the floor below 1.0415 and wait for the elevator to come. Please line up and don't push. There are enough room in the elevator.
daddybearforex. com
  • #12,544
  • Nov 9, 2012 11:35am Nov 9, 2012 11:35am
In the Forex market, when you think it is the top, you better off think it three more times before you touch your mouse. Big boys have abnormal mindsets. They cannot stop doing what they are already doing.
daddybearforex. com
  • #12,545
  • Nov 9, 2012 11:42am Nov 9, 2012 11:42am
Quoting DaddyBear
Possible. Let me go to the floor below 1.0415 and wait for the elevator to come. Please line up and don't push. There are enough room in the elevator.
Patience is a virtue. It's true particularly in the Forex market.
Attached Image (click to enlarge)
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daddybearforex. com
  • #12,546
  • Nov 9, 2012 11:56am Nov 9, 2012 11:56am
Quoting DaddyBear
Patience is a virtue. It's true particularly in the Forex market.
However, patience alone won't make you a better trader. There are other components needed.
daddybearforex. com
  • #12,547
  • Nov 9, 2012 12:41pm Nov 9, 2012 12:41pm
First test failed. A second attempt is in the cards.
daddybearforex. com
  • #12,548
  • Nov 9, 2012 12:51pm Nov 9, 2012 12:51pm
I decided to take the ride with the Bulls.
daddybearforex. com
  • #12,549
  • Nov 9, 2012 12:55pm Nov 9, 2012 12:55pm
Quoting DaddyBear
I decided to take the ride with the Bulls.
Based on the M5 channel, a test of the Pivot makes sense to me.
daddybearforex. com
  • #12,550
  • Nov 9, 2012 1:02pm Nov 9, 2012 1:02pm
Quoting DaddyBear
Market Watch - 071912 - Update

Aussie broke M5 TL and DMIM crossed above ADX.
I've been studying TL intensely lately and it really opened my eyes to possibilities.
Price often bounces off from lower or higher TL but even most important it gravitates to median line.Either breaks the center line or bounces off to initial direction.
Why does this happen a lot.Well 50% center line is same as 50 Fib little higher 68Fib little lower 38Fib. So Median line is the center gravity which pushes price towards it repeatedly.
I will show what I mean
30min 1hr weekly same pattern repeating over and over.Notice consistent angle of the trend.It is amazing how Price rarely breaks the angle of the trend.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au1hr.gif Size: 29 KB
Click to Enlarge Name: auw.gif Size: 26 KB
In trading, you have to be defensive and aggressive at the same time
  • #12,551
  • Nov 9, 2012 1:05pm Nov 9, 2012 1:05pm
Everyone has his own way to trade whether it works or not. I don't have a fixed method. Whenever I see an opportunity meeting the criteria of EWP, I am in.
daddybearforex. com
  • #12,552
  • Nov 9, 2012 1:08pm Nov 9, 2012 1:08pm
Quoting Davit
I've been studying TL intensely lately and it really opened my eyes to possibilities.
Price often bounces off from lower or higher TL but even most important it gravitates to median line.Either breaks the center line or bounces off to initial direction.
Why does this happen a lot.Well 50% center line is same as 50 Fib little higher 68Fib little lower 38Fib. So Median line is the center gravity which pushes price towards it repeatedly.
I will show what I mean
30min 1hr weekly same pattern repeating over and over.Notice consistent angle of the trend.It...
Excellent analysis. Keep up your good job.
daddybearforex. com
  • #12,553
  • Nov 9, 2012 1:11pm Nov 9, 2012 1:11pm
Quoting Davit
I've been studying TL intensely lately and it really opened my eyes to possibilities.
Price often bounces off from lower or higher TL but even most important it gravitates to median line.Either breaks the center line or bounces off to initial direction.
Why does this happen a lot.Well 50% center line is same as 50 Fib little higher 68Fib little lower 38Fib. So Median line is the center gravity which pushes price towards it repeatedly.
I will show what I mean
30min 1hr weekly same pattern repeating over and over.Notice consistent angle of the trend.It...
I believe a SMA will do the same job as well.
daddybearforex. com
  • #12,554
  • Nov 9, 2012 1:12pm Nov 9, 2012 1:12pm
Quoting DaddyBear
Based on the M5 channel, a test of the Pivot makes sense to me.
I think once you erase the word pivot from your trading your trading will improve tremendously.Pivots are nonsense. Top traders Walter Peters,Sam Seidon,Chris Lori none use pivots and for good reason its irrelevant.
In trading, you have to be defensive and aggressive at the same time
  • #12,555
  • Nov 9, 2012 1:15pm Nov 9, 2012 1:15pm
The pending CNY news in this weekend keep the Bull holding up their positions. The final hours of the trading week may be in the Bulls' hands.
daddybearforex. com
  • #12,556
  • Nov 9, 2012 1:18pm Nov 9, 2012 1:18pm
Quoting DaddyBear
I believe a SMA will do the same job as well.
how is SMA relates to TL in terms of median line or TL
Regards
Did not want to sound preachy.I love intellectual discussions
In trading, you have to be defensive and aggressive at the same time
  • #12,557
  • Nov 9, 2012 1:18pm Nov 9, 2012 1:18pm
Quoting Davit
I think once you erase the word pivot from your trading your trading will improve tremendously.Pivots are nonsense. Top traders Walter Peters,Sam Seidon,Chris Lori none use pivots and for good reason its irrelevant.
Pivot is a twilight zone of R/S. It means something. It's S0 and R0. BTW, there is nobody in my mind to follow.
daddybearforex. com
  • #12,558
  • Nov 9, 2012 1:22pm Nov 9, 2012 1:22pm
Quoting Davit
how is SMA relates to TL in terms of median line or TL
Regards
Did not want to sound preachy.I love intellectual discussions
I don't use SMA or MACD. But, I know 200 SMA is the median line of price movement. A SMA [or any MA] plus its 2 outer bends form a channel. I see SMA as a trend line as well.
daddybearforex. com
  • #12,559
  • Nov 9, 2012 1:25pm Nov 9, 2012 1:25pm
Quoting DaddyBear
I don't use SMA or MACD. But, I know 200 SMA is the median line of price movement. A SMA plus its 2 outer bends form a channel. I see SMA as a trend line as well.
This channel is not a straight one. Bollinger Band is a channel with a SMA as the median line.
daddybearforex. com
  • #12,560
  • Nov 9, 2012 1:26pm Nov 9, 2012 1:26pm
Quoting DaddyBear
This channel is not a straight one. Bollinger Band is a channel with a SMA as the median line.
Most people think the TL is always a straight line but I prefer not to think so. A free-form curve is a trend line as well IMO.
daddybearforex. com
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