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Another simple system - Time-Frame 15

  • #17,181
  • Dec 11, 2012 4:43pm Dec 11, 2012 4:43pm
Quoting Ramjet
Hi ya Everyone..

Did one of you guys/gals doctor Assange's picture or is this her/him really?? http://www.forexfactory.com/showthre...60#post6198060
scare the heck out of me, but I think this is her/him really.
Find your edge, make your system, stick to it.
  • #17,182
  • Dec 11, 2012 5:35pm Dec 11, 2012 5:35pm
Quoting pkimnyc
just a little heads up for bulls before i go. something to think about... trade well.

Divergence easy to spot, but you never know how many picks/bottoms will form before price turn.?
  • #17,183
  • Dec 11, 2012 5:42pm Dec 11, 2012 5:42pm
GBPUSD 12 Dec:

Do your trade plan for today.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12 Dec view 12-12-2012 9-30-13 AM.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,184
  • Dec 11, 2012 5:53pm Dec 11, 2012 5:53pm
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 12 Dec Daily 12-12-2012 9-50-09 AM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,185
  • Dec 11, 2012 5:57pm Dec 11, 2012 5:57pm
From the movie The Matrix:

"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -Morpheus


This is Forex Factory
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,186
  • Dec 11, 2012 5:58pm Dec 11, 2012 5:58pm
Quoting 99problems
...
ok, i didn't take any trades today, but this is the one i was looking at while doing my backtests.
...
Hi steph,

The 1st one I did take the trade.
Quoting long_bow
Today trade. Eu.
initial TP set 20, but red news is coming, so I change TP at D1 10ema, got 16 pips.
http://www.forexfactory.com/attachme...9&d=1355222449

2nd one, I upload my chart to illustrate. If you think there's any problem please correct me. Thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 2nd.png Size: 67 KB
Find your edge, make your system, stick to it.
  • #17,187
  • Dec 11, 2012 6:14pm Dec 11, 2012 6:14pm
MT4 Chart Properties:

The order of your chart candles and other objects.

Chart in Foreground or Objects in Foreground, you can chose.
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 chart properties .png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,188
  • Dec 11, 2012 6:41pm Dec 11, 2012 6:41pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Hi My newbie reply.

the only reason i can think of if some one wants to sell is the black line shown on the chart which could be strong resistance and bearish divergence on the TDI..
Please comment.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: daily resistance.png Size: 55 KB
  • #17,189
  • Dec 11, 2012 7:04pm Dec 11, 2012 7:04pm
Quoting newride
Hi My newbie reply.

the only reason i can think of if some one wants to sell is the black line shown on the chart which could be strong resistance and bearish divergence on the TDI..
Please comment.

Thanks
Hi newride,

Thanks for your prompt reply post.

1st hint: 1.3020

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,190
  • Dec 11, 2012 7:29pm Dec 11, 2012 7:29pm
Quoting emmanuel7788
Hi newride,

Thanks for your prompt reply post.

1st hint: 1.3020

Trade Well!
Dear,
Your first hint is the daily resistance area zone which is 1.3020. It could be a bit more or less too i think.
But after that strong bullish daily candle should it not continue upward regardless because of the strong candle.
And the price hike is not due to strong euro but its due to weaker dollar .
Please comment.
  • #17,191
  • Dec 11, 2012 7:34pm Dec 11, 2012 7:34pm
Very nice chart emmanuel, and even nicer trade! :-)

Clearly fibs are a good tool to have. I find that 1.414 and 1.618 are also good, mainly on the hourly on clear wave extensions, (but still trade using the 15min rules)
P

Quoting emmanuel7788
GBPUSD 12 Dec:

Do your trade plan for today.
  • #17,192
  • Dec 11, 2012 7:38pm Dec 11, 2012 7:38pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Hi emmanel,

I don't know if I'll short, but I'll not long right here. Resistance above, and PA is consolidating now.
Could you give me more hits?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 44 KB
Find your edge, make your system, stick to it.
  • #17,193
  • Dec 11, 2012 7:39pm Dec 11, 2012 7:39pm
While we are talking fibos, Newride has spotted the S/R at 3020, but by eye it looks like a good 50% retrace of thee downwave, and also 3000 is a BIG RN. It may be key here whether EUR can hold 3000 or not
P

Quoting newride
Hi My newbie reply.

the only reason i can think of if some one wants to sell is the black line shown on the chart which could be strong resistance and bearish divergence on the TDI..
Please comment.

Thanks
  • #17,194
  • Dec 11, 2012 7:42pm Dec 11, 2012 7:42pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?

Hello everyone and Emmanuel. The price should move higher, but some pullback can happen as well. LO will show. No big money out there at this moment, so its hard to say what price is going to do first. It can be in range for some time as well.

Some indicators show overbought area on 4hr chart.

its personal view. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: UE.jpg Size: 115 KB
  • #17,195
  • Dec 11, 2012 8:57pm Dec 11, 2012 8:57pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Back to the Feb/Apr major SR level (hit and reacted several times after that), 50%/62% fib and potential head and shoulders.
  • #17,196
  • Dec 11, 2012 9:13pm Dec 11, 2012 9:13pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Hi Emmanuel,
In my opinion, price will retrieve to 1.2950 level before it move up further. At current price level, it is at 3 confluence of resistant. H4 R, FIB 50%, and 1.3000 BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
  • #17,197
  • Dec 11, 2012 9:47pm Dec 11, 2012 9:47pm
Quoting emmanuel7788
EURUSD 12 Dec :

Looking at EU Day chart, who wants to short today,
please share your technical reasons why you want to short after yesterday strong bullish close?
Hi Emmanuel,

I dont wanna short this. The distance to major EMAs (Miss 200 and Miss 800) M15 is to small for a CT trade. Although, fibos show retracement zone of 50-61.8% from the latest drop Chart below.

Ciara
Attached Image (click to enlarge)
Click to Enlarge Name: 20121212EUs.png Size: 255 KB
Ideas shape the course of history
  • #17,198
  • Dec 11, 2012 9:50pm Dec 11, 2012 9:50pm
EURUSD Big Picture Week 50:

Hi Everyone.

Thank you for all your reply posts. Much appreciated that we all put aside the distractions of the recent days and we all can now focus in trading the market.

About EU, some of you may recall that I mentioned that the 4 weeks rally will see either a consolidation or retracement. That happened last week with a deep 50% retracement. This 50% was good and supported the rally since Monday opening this week. See my Big Picture chart attached.

For scalpers and intraday traders, we can either BUy and SELL and get that 10~20pips today when we see that setup and trigger.

But for swing traders, we look for that confirmation before we decide to SELL. There is no hurry or need to always SELL Tops and BUY Bottoms. Important thing is to wait for confirmation then look for that setup and trigger in lower TF like H1 and M15 for a first Entry with small SL. Then slowly and carefully build up your positions.

Until I see a confirmation, I remain bias in BUY mode.
Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EU Week 50 Big Picture upd 12 Dec 12-12-2012 1-14-17 PM.jpg Size: 162 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,199
  • Dec 11, 2012 10:05pm Dec 11, 2012 10:05pm
Quoting emmanuel7788
[b][font=Verdana]
Until I see a confirmation, I remain bias in BUY mode.
  • #17,200
  • Dec 11, 2012 10:08pm Dec 11, 2012 10:08pm
Quoting emmanuel7788
EURUSD Big Picture Week 50:

Hi Everyone.

Thank you for all your reply posts. Much appreciated that we all put aside the distractions of the recent days and we all can now focus in trading the market.

[font=Verdana][size=3]About EU, some of you may recall that I mentioned that the 4 weeks rally will see either a consolidation or retracement. That happened last week with a deep 50% retracement. This 50% was good and supported the...
Nice one as usual. Same as ciara pointed out at the beginning of the week even before the H/S formed. It will be good to wait for confirmation like he said. Those who wants to play a retest of 10ema on daily should also wait for the setup. Let becareful with the big boys. the are looking for xmas bonus. If they push market up, we are going to have perfect analysis aftermath to support it and if price goes down we are going have a perfect analysis to support that. We already have that for down. H/S and 1,2,3,4 and 5 waves with a,b and c now. For up move, one of the reason may be price close strongly above 10ema on daily with big bullish bar and a retest with move away north couple with monthly candle of november which was very bulish bounce and close above 10ema too. Trade well
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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