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Trading EURUSD only

  • #22,501
  • Dec 6, 2012 10:02am Dec 6, 2012 10:02am

Quoting aerotrade
yep draghi can make a weekly bar disappear in 4H / and yes price zone between 1.28 and 1.30 is quite tricky (bull/bear guerrilla zone lot of ambush there )
  • #22,502
  • Dec 6, 2012 10:03am Dec 6, 2012 10:03am
Quoting mok1one
For both sides, absolulty more work. Have to think for bears and bulls.
I was again looking only for shorts today.
The reason is the 1H channel line as i posted in the morning. Price went Under the channel line and hanged on to it, but didn't touch the lower channel line for a bounce or revert. Posted that i'm thinking why they left the lower line on many tf channels untouched. The more the chart printed candles the more i understood that the PA just forgot something home and went back to get it [price went up to gather shorts (thing he...
Have learned to know the personality of the channels a little.
1H channels (major) are not channels that want to have the price only half in them. If entered into channels the lower/upper channels is touched for a bounce or reverse (when broken from above downwards, then the lower line has to be touched also, not only half way in and vica-versa).

This is what i have learned so far about their personality
  • #22,503
  • Dec 6, 2012 10:04am Dec 6, 2012 10:04am
draghi found the correct formula
what he said is not important
but the duration is

Quoting stevewalker
  • #22,504
  • Dec 6, 2012 10:07am Dec 6, 2012 10:07am
[quote=mok1one;6269794]For both sides, absolulty more work. Have to think for bears and bulls.
I was again looking only for shorts today.
The reason is the 1H channel line as i posted in the morning. Price went Under the channel line and hanged on to it, but didn't touch the lower channel line for a bounce or revert. Posted that i'm thinking why they left the lower line on many tf channels untouched. The more the chart printed candles the more i understood that the PA just forgot something home and went back to get it [price went up to gather shorts (thing he left home) for downmove(back to work)]. For entry i used the bounce back from the upper 5min channel line.Work good for me today [/QUOTE

Very interesting analysis. Gonna look into this. Could you break down your divergence indicator on your 30min CH
  • #22,505
  • Dec 6, 2012 10:10am Dec 6, 2012 10:10am
Quoting aerotrade
yepcan draghi make a weekly bar disappear in 4H / and yes price zone between 1.28 and 1.30 is quite tricky (bull/bear guerrilla zone lot of ambush there )
and draghi is also a good coder and demonstrated some talent at scalping (not limited to trading (ask European citizens about how he scalped their buying power , their sovereignty, their future ) )
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #22,506
  • Dec 6, 2012 10:12am Dec 6, 2012 10:12am
Looks like none of the levels are holding. Got stopped out, accuont now BE, from November gains. Gotta regroup and come again, remind myself i'm still learning by experience.. the most expensive teacher...
  • #22,507
  • Dec 6, 2012 10:12am Dec 6, 2012 10:12am
Quoting stevewalker
draghi found the correct formula
what he said is not important
but the duration is
AMG someone pls tell me price isn't going to test 40 b4 going 1.28xx zone
  • #22,508
  • Dec 6, 2012 10:17am Dec 6, 2012 10:17am
this

is

so

ridiculous


good day for me

pretty much all on the short end.. i mean how could you lose going short on that move?


daily range now 130 pips
Attached Image (click to enlarge)
Click to Enlarge Name: quicksave39.jpg Size: 47 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #22,509
  • Dec 6, 2012 10:25am Dec 6, 2012 10:25am
[quote=Rag2RichesFX;6269901]this

is

so

ridiculous


good day for me

pretty much all on the short end.. i mean how could you lose going short on that move?


daily range now 130 pips[/QUOTE

Gud for u... And for those on the train.... My bad day.... Happy green pips ....
  • #22,510
  • Dec 6, 2012 10:28am Dec 6, 2012 10:28am
okay...

scaling in long 2964

for relief rally.... who knows if there is even bull anymore

check weekly, if closes this horrible, will likely have bearish divergence on weekly
Be hopeful in a winning position, and fearful in a losing position.
  • #22,511
  • Dec 6, 2012 10:31am Dec 6, 2012 10:31am
EUR/USD intraday: under pressure





Pivot: 1.304

Our preference: Short positions below 1.304 with targets @ 1.2945 & 1.291 in extension.

Alternative scenario: Above 1.304 look for further upside with 1.308 & 1.3125 as targets.

Comment: the RSI is capped by a declining trend line.

Key levels
1.3125
1.308
1.304
1.2973 last
1.2945
1.291
1.288
Attached Image
  • #22,512
  • Dec 6, 2012 10:36am Dec 6, 2012 10:36am
Quoting morob
EUR/USD intraday: under pressure




Comment: the RSI is capped by a declining trend line.

Key levels
1.3125
1.308
1.304
1.2973 last
1.2945
1.291
1.288
RSI turned negative at this stage If EurUsd break it supporting TL it go back in time
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #22,513
  • Dec 6, 2012 10:44am Dec 6, 2012 10:44am
I had a dinner & my LG is underwater
incredible
  • #22,514
  • Dec 6, 2012 10:50am Dec 6, 2012 10:50am
Quoting aerotrade
RSI turned negative at this stage If EurUsd break it supporting TL it go back in time

Yes

Thank You for comment
  • #22,515
  • Dec 6, 2012 10:52am Dec 6, 2012 10:52am
Quoting stevewalker
I had a dinner & my LG is underwater
incredible
couldn't agree with you more Steve, i'm watching these longs closely: 1.2964
  • #22,516
  • Dec 6, 2012 11:00am Dec 6, 2012 11:00am
Quoting stevewalker
I had a dinner & my LG is underwater
incredible
always the same move I was stupid not to predict it, eur goes up up up in a manipulative way an unhealthy just like you said, then draghi talks at there goes eur waterfall, why didn't I short it .....was obvious same move everytime
  • #22,517
  • Dec 6, 2012 11:02am Dec 6, 2012 11:02am
Tons for me to learn from this .... I actually sold from the first [email protected], got our on the second red arrow, and should have sold again from the third retest of 1.3080
Attached Image (click to enlarge)
Click to Enlarge Name: 1H Selloff lesson on signal.gif Size: 24 KB
  • #22,518
  • Dec 6, 2012 11:07am Dec 6, 2012 11:07am
Quoting Lucrativ
Very interesting analysis. Gonna look into this. Could you break down your divergence indicator on your 30min CH
Because this is a learning and experiance exchange thread i will try to compose a post about the channels using todays entries and targets and reasons, so i can reffer that post to anyone who asks me how to I use these channels.I promised i won't show my entries anymore but i'll punish myself later in the weekend for doing the opposite in the upcoming post.
  • #22,519
  • Dec 6, 2012 11:09am Dec 6, 2012 11:09am
Try LG at 1.2970. Tight SL
  • #22,520
  • Dec 6, 2012 11:10am Dec 6, 2012 11:10am
Quoting morob
Yes

Thank You for comment
that down move already retraced 16 H4 bars and we don t know how Asian will deal with that fact when they will join the fest . then we can consider that the pair is simply in free-fall and that in case of panic sell technical level and more generaly technical analysis rules simply don t work properly .then instead of making some prognostic the best thing is to wait the market to pull itself together
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
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