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Trading EURUSD only

  • #15,161
  • Nov 19, 2012 10:44am Nov 19, 2012 10:44am
that setup seems ok

Quoting luckyl
yeah, played with it over the weekend for getting a feel of wheather it could be of some help for my analysis & it turned out that it really can. So I'm trying to involve them to my analysis every now and then, whenever I feel that the channel i've drawn has some meaning for the current situation.

So far I analyse with a mix of

- Support & Resistance
- Trendlinien, Trendkanäle
- Fibonacci-Retracements
- Fibonacci-Channels
- Relative Strength Index
- Smoothed Moving Average
- Big Numbers

some of them are just some kind of "helpers"...
  • #15,162
  • Nov 19, 2012 10:44am Nov 19, 2012 10:44am
go up
let me short you
  • #15,163
  • Nov 19, 2012 10:46am Nov 19, 2012 10:46am
Quoting linusjob
See u guys tomorrow. Off to bed !!
whats your stop?
  • #15,164
  • Nov 19, 2012 10:51am Nov 19, 2012 10:51am
now
I will stop trading & take some fresh air
then when come back if I see a setup will trade
no need to force it
  • #15,165
  • Nov 19, 2012 10:52am Nov 19, 2012 10:52am
Quoting stevewalker
now
I will stop trading & take some fresh air
then when come back if I see a setup will trade
no need to force it
that's prbly the best "trade" you can make atm^^
Take your time, see you with new energy and a clear mind
  • #15,166
  • Nov 19, 2012 10:54am Nov 19, 2012 10:54am
Quoting luckyl
yeah, played with it over the weekend for getting a feel of wheather it could be of some help for my analysis & it turned out that it really can. So I'm trying to involve them to my analysis every now and then, whenever I feel that the channel i've drawn has some meaning for the current situation.

So far I analyse with a mix of

- Support & Resistance
- Trendlinien, Trendkanäle
- Fibonacci-Retracements
- Fibonacci-Channels
- Relative Strength Index
- Smoothed Moving Average
- Big Numbers

Big Numbers....???
  • #15,167
  • Nov 19, 2012 10:54am Nov 19, 2012 10:54am
Quoting stevewalker
now
I will stop trading & take some fresh air
then when come back if I see a setup will trade
no need to force it
Good thinking, See you tomorrow.

I managing ~-30% hedged short possition after with spike, don't think today could exit. Maybe tomorrow will be great opportunity
  • #15,168
  • Nov 19, 2012 10:54am Nov 19, 2012 10:54am
Quoting stevewalker
now
I will stop trading & take some fresh air
then when come back if I see a setup will trade
no need to force it
  • #15,169
  • Nov 19, 2012 10:58am Nov 19, 2012 10:58am
Quoting luckyl
yeah, played with it over the weekend for getting a feel of wheather it could be of some help for my analysis & it turned out that it really can. So I'm trying to involve them to my analysis every now and then, whenever I feel that the channel i've drawn has some meaning for the current situation.

So far I analyse with a mix of

- Support & Resistance
- Trendlinien, Trendkanäle
- Fibonacci-Retracements
- Fibonacci-Channels
- Relative Strength Index
- Smoothed Moving Average
- Big Numbers

some of them are just some kind of "helpers"...
This setup already looks very good
Hints on fibchannels? I suppose one could be that you can draw them on every TF. For long-term and short-term. I use 5min, 15min , 1H and 4H channels. 5min and 15min are pretty good for intraday. 1H and 4H are long-term channels.
  • #15,170
  • Nov 19, 2012 10:59am Nov 19, 2012 10:59am
Quoting stevewalker
now
I will stop trading & take some fresh air
then when come back if I see a setup will trade
no need to force it
See you.Take care
  • #15,171
  • Nov 19, 2012 11:02am Nov 19, 2012 11:02am
Quoting luckyl
want to add & take a closer look at
- pivot points
- fractals
in the near future, then my "portfolio" of analysis-tools should be wide enough
The more you know the larger /change for/ success
  • #15,172
  • Nov 19, 2012 11:02am Nov 19, 2012 11:02am
Do you have the inidcator for MT4 of the Fibo channel?
Quoting mok1one
This setup already looks very good
Hints on fibchannels? I suppose one could be that you can draw them on every TF. For long-term and short-term. I use 5min, 15min , 1H and 4H channels. 5min and 15min are pretty good for intraday. 1H and 4H are long-term channels.
  • #15,173
  • Nov 19, 2012 11:04am Nov 19, 2012 11:04am
Hmm...another bullish pennant forming on 5min (smaller this time)
  • #15,174
  • Nov 19, 2012 11:04am Nov 19, 2012 11:04am
Post 15,147

Quoting robboyes
supports at 12824 and 12882.
We are traveling below that ...

So can't be supports currently ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #15,175
  • Nov 19, 2012 11:08am Nov 19, 2012 11:08am
Quoting Cjf
Do you have the inidcator for MT4 of the Fibo channel?
Haven't found autofibchannel indi yet. I use mt4 default Tool.
Attached Image
  • #15,176
  • Nov 19, 2012 11:12am Nov 19, 2012 11:12am
Quoting meavinash100
Big Numbers....???
...
1.4000
1.3000
1.2000
1.1000
...

many people feel (unconciously) attracted to those numbers and therefore place there orders/stops at those levels. Therefore price often changes direction and bounces off those. Therefore I don't scalp within 40-60 pip range aroung those numbers even if there was a valid signal for me to enter. If I did, they would most probably be my TP.
  • #15,177
  • Nov 19, 2012 11:13am Nov 19, 2012 11:13am
Quoting luckyl
...
1.4000
1.3000
1.2000
1.1000
...

many people feel (unconciously) attracted to those numbers and therefore place there orders/stops at those levels. Therefore price often changes direction and bounces off those. Therefore I don't scalp within 40-60 pip range aroung those numbers even if there was a valid signal for me to enter. If I did, they would most probably be my TP.
40 pip range means 20 pips on each side of the number...
  • #15,178
  • Nov 19, 2012 11:15am Nov 19, 2012 11:15am
Quoting luckyl
...
1.4000
1.3000
1.2000
1.1000
...

many people feel (unconciously) attracted to those numbers and therefore place there orders/stops at those levels. Therefore price often changes direction and bounces off those. Therefore I don't scalp within 40-60 pip range aroung those numbers even if there was a valid signal for me to enter. If I did, they would most probably be my TP.
TY....
  • #15,179
  • Nov 19, 2012 11:16am Nov 19, 2012 11:16am
Quoting mok1one
Hmm...another bullish pennant forming on 5min (smaller this time)
5min pennant extended on 1min Chart

Let's see what happens. Since it is on such a small tf it might not play out.
Attached Image (click to enlarge)
Click to Enlarge Name: 1min.jpg Size: 28 KB
  • #15,180
  • Nov 19, 2012 11:18am Nov 19, 2012 11:18am
Quoting mok1one
5min pennant extended on 1min Chart

Let's see what happens. Since it is on such a small tf it might not play out.
think it will still break downwards as there is quite some need for a retracement.
And if it doesn't I may use that to get short on a little higher level
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