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  • #730,841
  • Dec 12, 2012 4:59am Dec 12, 2012 4:59am
Quoting gatorinla
should get 3071 adr,, 3076 is in the sequence.. so is 3068 in another, in a norm b/o move i would want 68 (and look for weakness)..
but if this is just a bear retrace we already have enough.. the close being above 3003, so maybe we want a full adr at 70/71 ish
the sequence for 26 is still 51 76 01... that slap-down before the h role shows what it is.
old tl at 3030
crap.. 26 51 76 excluded from chart
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those who can, do. those who cant, talk about those who can
  • #730,842
  • Dec 12, 2012 5:01am Dec 12, 2012 5:01am
I thought that whilst taking the dog for a walk it would be bound to move.... but no over an hour later just a few points in it
  • #730,843
  • Dec 12, 2012 5:01am Dec 12, 2012 5:01am
Quoting vlady1974


It's finding the right triggers in the price action that's the trick.
yes....seems price may go higher.. a higher right shoulder?...I have 40ish next....

but FOMC day.....
Patience, Emotion Control and Discipline.
  • #730,844
  • Dec 12, 2012 5:02am Dec 12, 2012 5:02am
Quoting esemes
Good!
Me..... short @1.3025, SL :1.3040 (-15 pips), TP: 1.2975 (+50 pips)
looking for investors . pm me
  • #730,845
  • Dec 12, 2012 5:03am Dec 12, 2012 5:03am
eur/usd H1

Can be formed head and shoulders?

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #730,846
  • Dec 12, 2012 5:04am Dec 12, 2012 5:04am
Quoting MaxDoom
I thought that whilst taking the dog for a walk it would be bound to move.... but no over an hour later just a few points in it
Classic FOMC day, ain't? Don't expect much a few pips here and there, but more to 1.3060 then to 1.2970. I hate such PA, not only cause I have no LONGs
  • #730,847
  • Dec 12, 2012 5:04am Dec 12, 2012 5:04am
61.8%.the finally Re for the bullish to 1.32
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A chart helps those who can read it.
  • #730,848
  • Dec 12, 2012 5:04am Dec 12, 2012 5:04am
Quoting yelena
algos arent EA's right? how shall they be tested then?
Sorry but my head is a bit messy What do you mean by EA?
They think they are smarter than I am.
  • #730,849
  • Dec 12, 2012 5:05am Dec 12, 2012 5:05am
Quoting esemes
Good!
Me..... short @1.3025, SL :1.3040 (-15 pips), TP: 1.2975 (+50 pips)
same only 7 pip smaller tp i will be short at 1.3020 tp 1.2977
  • #730,850
  • Dec 12, 2012 5:08am Dec 12, 2012 5:08am
Quoting gatorinla
should get 3071 adr,, 3076 is in the sequence.. so is 3068 in another, in a norm b/o move i would want 68 (and look for weakness)..
but if this is just a bear retrace we already have enough.. the close being above 3003, so maybe we want a full adr at 70/71 ish
the sequence for 26 is still 51 76 01... that slap-down before the h role shows what it is.
old tl at 3030
if it must move up then 3068 is the number that I have to hold it down, below there I am trading shorts and above 3126 I am trading longs

http://www.forexfactory.com/showthre...10#post6284710
  • #730,851
  • Dec 12, 2012 5:08am Dec 12, 2012 5:08am
Quoting esemes
Good!
Me..... short @1.3025, SL :1.3040 (-15 pips), TP: 1.2975 (+50 pips)
my sl is 3032 only. i risk 12 pips. target 2950 or 2975
looking for investors . pm me
  • #730,852
  • Dec 12, 2012 5:12am Dec 12, 2012 5:12am
Bears still don't hop in... Every 5 pip drop means another poor guy will be smashed by the SL of his/her choice.. Seriously we should probably stop shorting, we are only throwing fuel to the fire...
  • #730,853
  • Dec 12, 2012 5:12am Dec 12, 2012 5:12am
Quoting johncen
yes....seems price may go higher.. a higher right shoulder?...I have 40ish next....

but FOMC day.....
It's all relative time... that's what creates the different perspectives.
The higher right shoulder in H/S II actually is a "cup/handle" for H/S I.
If one regards higher timeframe as stronger, then H/S I is bound higher.... but....

That doesn't mean, it can't retrace within the bounds of 1H... say 2 hours... giving the illusion of a confirmed shoulder for H/S II before returning to target 60-80.

I also have the long range fib of 68. My thoughts on this are that if it breaks and closes above... it would have to close back to 100%.. ie. 3125 and then above with some momentum. I just don't understand what fundamentals would do that.... i guess that's why I'm more technical.
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A pip is only worth it if you know how much you risked to earn it
  • #730,854
  • Dec 12, 2012 5:13am Dec 12, 2012 5:13am
Quoting MaxDoom
if it must move up then 3068 is the number that I have to hold it down, below there I am trading shorts and above 3126 I am trading longs

http://www.forexfactory.com/showthre...10#post6284710
i will wait in the cheap seats.
those who can, do. those who cant, talk about those who can
  • #730,855
  • Dec 12, 2012 5:13am Dec 12, 2012 5:13am
While it stays between 23 and 33 which happen to be daily open prices (CET), trading will be like 2.5 pips whipsawing. 35 gives big 4hr sell candle (70 pips open-close, mid 1.3035) which plays a role.

Need to likely wait NY cut and London fix and FOMC to see move above that and then there are option expiries at 1.3000.

50 pips from daily LoHi is at 44.
They think they are smarter than I am.
  • #730,856
  • Dec 12, 2012 5:15am Dec 12, 2012 5:15am
Quoting gatorinla
i will wait in the cheap seats.
are cheap seats worth it if you don't get to see the show
  • #730,857
  • Dec 12, 2012 5:20am Dec 12, 2012 5:20am
Quoting vlady1974
It's all relative time... that's what creates the different perspectives.
The higher right shoulder in H/S II actually is a "cup/handle" for H/S I.
If one regards higher timeframe as stronger, then H/S I is bound higher.... but....

That doesn't mean, it can't retrace within the bounds of 1H... say 2 hours... giving the illusion of a confirmed shoulder for H/S II before returning to target 60-80.

I also have the long range fib of 68. My thoughts on this are that if it breaks and closes above... it would have to close back to 100%.. ie....
bravo...
well fundamental somehow hard to predict..there are always 2 faces....when we see good US data, it may boost up dollars or boost up market sentiment so good for euro n others....
technically I dnt like the bars after london starts.. without them the h&s will look prettier and more confirmed...
now since it kinda break the short time-frame trendline on USDX...I have lower my size....

though even the bigger one dominate.. I still expect something like 2975 before heading up...

Since OT2.5 finish by the end of the year Fed may increase its size for QE to buy more MBS...
but we may already price in some of the effects...
and dnt forget...Monti will resign soon and fiscal cliff near...
Patience, Emotion Control and Discipline.
  • #730,858
  • Dec 12, 2012 5:21am Dec 12, 2012 5:21am
hidden bearish divergence, pseudo H&S, 1st fib retrace, rejection of 100 and 50 EMA channel, stoch cross. what's not to like?
this is EURTRY of course - can't force myself to endure the boredom that is EU at the moment
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TRADE FOR SWAP
  • #730,859
  • Dec 12, 2012 5:25am Dec 12, 2012 5:25am
EUR/USD touching 1.3022 monthly resistance, US fed decision out soon and may rock the markets if we get a surprise.
  • #730,860
  • Dec 12, 2012 5:26am Dec 12, 2012 5:26am
Quoting yelena
bot! expert advisor! algos arent like them right? how can it be tested then?
Not really. Algos are to mean to execute an order at certain price level but those bots probably try to analyze something as well.

First take enough big period of time to test. Then use daily open prices on pair with proper moving averages (that you need to test as well) and try to find iterative patterns/price levels/distances.

Then for execution need to look for 1min or tick-based tfs on proper price level.
They think they are smarter than I am.
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