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  • #14,541
  • Nov 17, 2012 10:06am Nov 17, 2012 10:06am
agreed
but.......
as you also know
best longs taken below odd MA s
best shorts taken over odd MA s
like MA 200

when price reach eg... MA 200 it already moved the 1/2 way

& but trading that way is extreemly dangerous!!

FX as usual



Quoting 4xPIPAHOLIC
My 2 cents......
Even after this Friday's "wacko" PA action witch we should not forget it is still short term action, the longer term is still pointing down strong....the daily charts price is still below the important MA's......
Let's hope it behaves.....
  • #14,542
  • Nov 17, 2012 10:09am Nov 17, 2012 10:09am
GREECE is not important
it is being used & will be used by US @ EU for achieving their target
GREECE is not the big problem
GREECE is the TOOL
Quoting thodie
honestly i donīt understand why people care that much about greece, the greece country has about 5% of the european economy product.
i think it is more the feared "domino-effect", than a official (inofficial they are insolvent since 3-4years) greece insolvency?
  • #14,543
  • Nov 17, 2012 10:14am Nov 17, 2012 10:14am
the yellow dashed Line is indicator "0" line or MA price
when price reach there it already moved half way
we should definetly add "time" in our trading.

for better entry's

Quoting stevewalker
agreed
but.......
as you also know
best longs taken below odd MA s
best shorts taken over odd MA s
like MA 200

when price reach eg... MA 200 it already moved the 1/2 way

& but trading that way is extreemly dangerous!!

FX as usual
Attached Image (click to enlarge)
Click to Enlarge Name: 1ads?z.JPG Size: 63 KB
  • #14,544
  • Nov 17, 2012 10:16am Nov 17, 2012 10:16am
TL s or with other name diagonal lines we use has "Time" in their function , their value change with time
horizantal lines are timeless which are get uselles after short period of time

Quoting stevewalker
the yellow dashed Line is indicator "0" line or MA price
when price reach there it already moved half way
we should definetly add "time" in our trading.

for better entry's
  • #14,545
  • Nov 17, 2012 10:21am Nov 17, 2012 10:21am
does any of you used 30 days past daily PV
no
it is uselles due it is horizantal.

but you canuse TL from a year back or older.
due there is time in its function.

score board
Digonals :1
Horzantals :0

he he

Quoting stevewalker
TL s or with other name diagonal lines we use has "Time" in their function , their value change with time
horizantal lines are timeless which are get uselles after short period of time
  • #14,546
  • Nov 17, 2012 10:27am Nov 17, 2012 10:27am
Quoting stevewalker
does any of you used 30 days past daily PV
no
it is uselles due it is horizantal.

but you canuse TL from a year back or older.
due there is time in its function.

score board
Digonals :1
Horzantals :0

he he
hey Sw,

yes pv i use to see the SaR for no more than higher d1 tf...otherewise as you say it can be a little deceiving

btw can i ask if can link some of the post here on my thread?

thanks,

G
Wooooohooooo or Boooooohooooo
  • #14,547
  • Nov 17, 2012 10:29am Nov 17, 2012 10:29am
Quoting thodie
honestly i donīt understand why people care that much about greece, the greece country has about 5% of the european economy product.
i think it is more the feared "domino-effect", than a official (inofficial they are insolvent since 3-4years) greece insolvency?

ECB is full of Grec Tbonds held in guaranty for LTROs . if Greece default then ECB bankrupt ( losses will exeed ECB cash (~40B) ) .
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #14,548
  • Nov 17, 2012 10:33am Nov 17, 2012 10:33am
hi gnomoneey

try to draw all
- D1 PV
- W1 PV
- S/R levels
on chart & dont delete them
after 2 weeks your chart will be unsuable.

draw TL s from 5 years back your chart is still usable & you will see price using those TL s
I am actually using those old TL s 6 there are examples here @ the thread

again when there is no time in function it is not usable for long term

yes you can link ofcourse



Quoting gnomoneey
hey Sw,

yes pv i use to see the SaR for no more than higher d1 tf...otherewise as you say it can be a little deceiving

btw can i ask if can link some of the post here on my thread?

thanks,

G
  • #14,549
  • Nov 17, 2012 10:34am Nov 17, 2012 10:34am
I dont say
Horizantal lines ar useless
I do Use them
but they work short term

Quoting stevewalker
hi gnomoneey

try to draw all
- D1 PV
- W1 PV
- S/R levels
on chart & dont delete them
after 2 weeks your chart will be unsuable.

draw TL s from 5 years back your chart is still usable & you will see price using those TL s
I am actually using those old TL s 6 there are examples here @ the thread

again when there is no time in function it is not usable for long term

yes you can link ofcourse
  • #14,550
  • Nov 17, 2012 10:36am Nov 17, 2012 10:36am
Quoting stevewalker
hi gnomoneey

try to draw all
- D1 PV
- W1 PV
- S/R levels
on chart & dont delete them
after 2 weeks your chart will be unsuable.

draw TL s from 5 years back your chart is still usable & you will see price using those TL s
I am actually using those old TL s 6 there are examples here @ the thread

again when there is no time in function it is not usable

yes you can link ofcourse
i agree the TL are much more lasting than PV, but PV are useful for daily trading or scalping for ranges on those PV.
i've found it very useful to use PV for only that purpose....
Wooooohooooo or Boooooohooooo
  • #14,551
  • Nov 17, 2012 10:37am Nov 17, 2012 10:37am
if
ECB
or
FED
default

then our brokers also
he he
no need to trade

Quoting aerotrade
ECB is full of Grec Tbonds held in guaranty for LTROs . if Greece default then ECB bankrupt ( losses will exeed ECB cash (~40B) ) .
  • #14,552
  • Nov 17, 2012 10:39am Nov 17, 2012 10:39am
G
I am not offensive PV
I do use them
but PV are more fundumental levels rateher then technical

Quoting gnomoneey
i agree the TL are much more lasting than PV, but PV are useful for daily trading or scalping for ranges on those PV.
i've found it very useful to use PV for only that purpose....
  • #14,553
  • Nov 17, 2012 10:40am Nov 17, 2012 10:40am
Quoting gnomoneey
i agree the TL are much more lasting than PV, but PV are useful for daily trading or scalping for ranges on those PV.
i've found it very useful to use PV for only that purpose....
and is a much stronger trade once the weekly or monthly PV are being penetraded along with a TL that's exsisted for a long time like 1yr and over.....again i'm an idiot until i started using PVs with other indis and is a very useful indi for forex dont you think so?
Wooooohooooo or Boooooohooooo
  • #14,554
  • Nov 17, 2012 10:50am Nov 17, 2012 10:50am
how many times u use M1 PV?
or
how many times pice coiled around or penetrate W1 PV?

what ever dont used by algos is not much usefull
algos work with history data. it should, no other way. depending on the algo strutucture.
current MKT is driven by algos under control of fundematally equipped traders or instutuions

so when algo use past data it uses the data that has time in its function.

think that way;
if EURUSD stays same level for one year no change relativly it will wil be weaken or stronger by the inflation
means time relativly changes the price even it stays the same level.

indicators print what is happened. they print that way becouse it happened that way. next time it will not.
indicators does not shape the future of the price
but digonals & short term S/R levels shape the future of the price


Quoting gnomoneey
and is a much stronger trade once the weekly or monthly PV are being penetraded along with a TL that's exsisted for a long time like 1yr and over.....again i'm an idiot until i started using PVs with other indis and is a very useful indi for forex dont you think so?
  • #14,555
  • Nov 17, 2012 10:55am Nov 17, 2012 10:55am
Quoting stevewalker
how many times u use M1 PV?
or
how many times pice coiled around or penetrate W1 PV?

what ever dont used by algos is not much usefull
algos work with history data. it should, no other way. depending on the algo strutucture.
current MKT is driven by algos under control of fundematally equipped traders or instutuions

so when algo use past data it uses the data that has time in its function.

think that way;
if EURUSD stays same level for one year no change relativly it will wil be weaken or stronger by the inflation
means time relativly changes...
ok i'll keep that in mind in the future
Wooooohooooo or Boooooohooooo
  • #14,556
  • Nov 17, 2012 11:55am Nov 17, 2012 11:55am
What do you think about this D & H1 chart.

I see the price moving in a downwards sloping channel. The price has bounced of the center line which is normal, the real test will be seeing what happens when the price gets to 1.27630.

The 1.28030 is a significant horizontal level. It was a HL set on 01/10 following a change of sentiment from bearish to bullish. The market moved sideways for a while, and couldn't maintain an uptrend. The market then broke below this level on 05/11 setting a LL. The market played with this level for a while moving above to 1.28730 (which incidentally is a level that has previously provided support on 10/01/2011 and 20-22/04/2009) and then below it. The price went down to 1.26610 on 13/11/2012, so why did the price bounce here... if you look at the news on that day most of the EURO news was negative, but we had reached the end of a descending (falling) wedge and the price had to break to the upside. The price moved up but stopped almost exactly at 1.28030. A clear demonstration of support becoming resistance.

This price action suggests that 1.26610 will be retested, and unless the news in the next few days is significantly bullish the price will descend further, at least to the lower magenta line of the channel.






Quoting stevewalker
I dont say
Horizantal lines ar useless
I do Use them
but they work short term
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  • #14,557
  • Nov 17, 2012 12:15pm Nov 17, 2012 12:15pm
if testing 2803 is a
break attemp
or
retest Broken level

here W1 chart & down channel

& as you can see wedge broken up 10 weeks ago

if W1 chart build a new lower fractal @ 2661 then new up channel will build , does it use it ? no clue

as said before
price is in desecion
4H building a new CZ
when it break either way we will know the direction

MKT actually Bear and/or Neutral




Quoting caldera
What do you think about this D & H1 chart.

I see the price moving in a downwards sloping channel. The price has bounced of the center line which is normal, the real test will be seeing what happens when the price gets to 1.27630.

The 1.28030 is a significant horizontal level. It was a HL set on 01/10 following a change of sentiment from bearish to bullish. The market moved sideways for a while, and couldn't maintain an uptrend. The market then broke below this level on 05/11 setting a LL. The market played with this level for a while moving...
Attached Image (click to enlarge)
Click to Enlarge Name: _3.gif Size: 92 KB
  • #14,558
  • Nov 17, 2012 12:24pm Nov 17, 2012 12:24pm
one Q;
Honestly, do you have FL short trades?

Quoting caldera
What do you think about this D & H1 chart.

I see the price moving in a downwards sloping channel. The price has bounced of the center line which is normal, the real test will be seeing what happens when the price gets to 1.27630.

The 1.28030 is a significant horizontal level. It was a HL set on 01/10 following a change of sentiment from bearish to bullish. The market moved sideways for a while, and couldn't maintain an uptrend. The market then broke below this level on 05/11 setting a LL. The market played with this level for a while moving...
  • #14,559
  • Nov 17, 2012 1:03pm Nov 17, 2012 1:03pm
New Poll Lunched
EURUSD Weekly Direction
  • #14,560
  • Nov 17, 2012 1:15pm Nov 17, 2012 1:15pm
Quoting stevewalker
New Poll Lunched
EURUSD Weekly Direction

Outlook is bearish , fundamentals can push us on bull but till now bearish.
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