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  • #18,161
  • Dec 5, 2012 2:26pm Dec 5, 2012 2:26pm
in theory, nzd should now reverse here and head lower - much lower in the coming days
  • #18,162
  • Dec 5, 2012 2:30pm Dec 5, 2012 2:30pm
Is this turkey bear or turtle bear?
daddybearforex. com
  • #18,163
  • Dec 5, 2012 2:30pm Dec 5, 2012 2:30pm
Quoting maximmm
in theory, nzd should now reverse here and head lower - much lower in the coming days
Not according to a weekly chart. I'm curious as to why you think this.
It works till it doesn't
  • #18,164
  • Dec 5, 2012 2:36pm Dec 5, 2012 2:36pm
http://i1356.photobucket.com/albums/...ps236c24b4.jpg

Looks like a pretty orderly move up to me we have a series of higher lows.
It works till it doesn't
  • #18,165
  • Dec 5, 2012 2:36pm Dec 5, 2012 2:36pm
What a slow past couple of days. I made 20 pips on the drop this morning. I'm staying out until I get more of a confirmation. My charts tell me the down move is not done yet, FYI.
Good luck and may the odds be ever in your favor!
  • #18,166
  • Dec 5, 2012 2:50pm Dec 5, 2012 2:50pm
Quoting DaEdge
Not according to a weekly chart. I'm curious as to why you think this.
ewp

Yeah - I know, it's a pattern - goes against your nickname subtitle
  • #18,167
  • Dec 5, 2012 3:13pm Dec 5, 2012 3:13pm
Quoting DaddyBear
How do you get in with zero risk?
Here is a zero risk entry, price moving down and BANG you jump in long at this point, works on any time frame.
  • #18,168
  • Dec 5, 2012 3:15pm Dec 5, 2012 3:15pm
Quoting DaddyBear
Are you talking about longer term trades?
scalping to swing trading, short term to long term. A trick I noticed on the Aliens charts.
  • #18,169
  • Dec 5, 2012 3:16pm Dec 5, 2012 3:16pm
Quoting kerrydrake
Here is a zero risk entry, price moving down and BANG you jump in long at this point, works on any time frame.
Where is here?
daddybearforex. com
  • #18,170
  • Dec 5, 2012 3:17pm Dec 5, 2012 3:17pm
Quoting kerrydrake
Here is a zero risk entry, price moving down and BANG you jump in long at this point, works on any time frame.
Thats asking for BIG trouble IMO
Good luck and may the odds be ever in your favor!
  • #18,171
  • Dec 5, 2012 3:18pm Dec 5, 2012 3:18pm
Quoting DaddyBear
For a longer tern trade, even the entry is 100 pips off the top it is still close to the top. But, for day trading, it could be a big problem.

It depends on what TF one is trading. The longer the TF is the easier to pick the top. IMO, day trading is much tougher than longer term trading.
You must be a long term trader? Did you not start out short term and trade your Bear Butt off to try and learn this crazy world? Most of us tried scalping first and then moved to larger TF's.
  • #18,172
  • Dec 5, 2012 3:19pm Dec 5, 2012 3:19pm
Quoting HelloOz
shorting here.
target 1.044 or cutover
So close...
  • #18,173
  • Dec 5, 2012 3:31pm Dec 5, 2012 3:31pm
Quoting maximmm
first of all, my name is Maxim - second of all - nzd is a good sell at 0.8290 IMO - right now, it may still go to that level prior to drop
What is your base to say it will drop??
  • #18,174
  • Dec 5, 2012 3:33pm Dec 5, 2012 3:33pm
Quoting kerrydrake
You must be a long term trader? Did you not start out short term and trade your Bear Butt off to try and learn this crazy world? Most of us tried scalping first and then moved to larger TF's.
I ma not a long tern trader. My question was about your definitions of the top and the bottom.
daddybearforex. com
  • #18,175
  • Dec 5, 2012 3:56pm Dec 5, 2012 3:56pm
Quoting kerrydrake
Here is a zero risk entry, price moving down and BANG you jump in long at this point, works on any time frame.
wow..
what TF are you looking at?
if you say M5 or M15, its like catching a falling knife..
that is 1000% risk..
  • #18,176
  • Dec 5, 2012 4:11pm Dec 5, 2012 4:11pm
Quoting DaddyBear
Also, please define your top and bottom. Are they at the very extreme points or at certain distances?
Will do . The Aud has been ranging the past week of 70 pips because of all the uncertainty, so don't exspect much distance. The safe trades are just past the tops or bottoms. The past 4h long signal showed up and then it took 3 more bars before it took off like a rocket. The tops and bottoms of a 4h chart take 3 to 6 bars before the complete turn most times, this is why I wait for the MTF's to all line up the same for a zero risk trade.
  • #18,177
  • Dec 5, 2012 4:13pm Dec 5, 2012 4:13pm
Quoting DaddyBear
What system do you use?
It is an art, but can be learned when you know what you are looking for.
  • #18,178
  • Dec 5, 2012 4:20pm Dec 5, 2012 4:20pm
Quoting kerrydrake
It is an art, but can be learned when you know what you are looking for.
i must say you are talented. salute
  • #18,179
  • Dec 5, 2012 4:22pm Dec 5, 2012 4:22pm
Quoting kerrydrake
scalping to swing trading, short term to long term. A trick I noticed on the Aliens charts.
did you kidnap him and make him draw you charts??
where is he??
  • #18,180
  • Dec 5, 2012 4:22pm Dec 5, 2012 4:22pm
Quoting kerrydrake
It is an art, but can be learned when you know what you are looking for.
That's obvious, judging by your Trade Explorer.
In the days of old when sailors were bold, and seldom if ever contented.
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