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  • #19,921
  • Dec 13, 2012 12:57pm Dec 13, 2012 12:57pm
Quoting dbutton1990
Chart
Chart 2
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-12-13 at 2.57.18 PM.png Size: 112 KB
Good luck and may the odds be ever in your favor!
  • #19,922
  • Dec 13, 2012 1:01pm Dec 13, 2012 1:01pm
Quoting DaddyBear
I think the retracement is not completed.
retracement as in further down now? What part of this is the retracement in your eyes? I'm so confused.....LOL
The More You Learn, The More You Earn.....
  • #19,923
  • Dec 13, 2012 1:07pm Dec 13, 2012 1:07pm
This is a way early post of what PA might do in the next few days, I don't have confirmation on this yet....... Daily and 4H
Attached Image (click to enlarge)
Click to Enlarge Name: 12_13_12 3pm day and 4h marked up.jpg Size: 433 KB
The More You Learn, The More You Earn.....
  • #19,924
  • Edited 1:27pm Dec 13, 2012 1:10pm | Edited 1:27pm
Quoting forexalien
retracement as in further down now? What part of this is the retracement in your eyes? I'm so confused.....LOL
Usually traders are trapped in this twilight zone. It looks bullish and fib is 61.80. [H4 Morning Star?] Everyone can see the bulls. In the end, most of the time I found it is a continuation pattern.
daddybearforex. com
  • #19,925
  • Dec 13, 2012 1:14pm Dec 13, 2012 1:14pm
Quoting DaddyBear
Usually traders are trapped in this twilight zone. It looks bullish and fib 61.80. [H4 Morning Star?] Everyone can see the bulls. In the end, most of the time I found it is a continuation pattern.
Thanks for sharing
The More You Learn, The More You Earn.....
  • #19,926
  • Dec 13, 2012 1:15pm Dec 13, 2012 1:15pm
When everyone thinks it is the bottom, it is not.
On the other hand, when everyone thinks it is not the bottom, then it is.
daddybearforex. com
  • #19,927
  • Dec 13, 2012 1:18pm Dec 13, 2012 1:18pm
Quoting dbutton1990
Chart 2
Interesting how different and subjective charts are.

To me, this looks like a strong downward trend that simply can't go down in a straight line. This green candle on the hourly failed to break 1.0530 which is the very significant close of the first giant red candle of this move down. The long wick adds credibilty to the bear as well.

In my opinion as always and certainly not factual. Let's see how she plays out.
  • #19,928
  • Dec 13, 2012 1:21pm Dec 13, 2012 1:21pm
Quoting DaddyBear
When everyone thinks it is the bottom, it is not.
On the other hand, when everyone thinks it is not the bottom, then it is.
If this is not the bottom, then where is it?
daddybearforex. com
  • #19,929
  • Dec 13, 2012 1:29pm Dec 13, 2012 1:29pm
Quoting DaddyBear
If this is not the bottom, then where is it?
I look at it this way, I can see the charts line up and the move come to life, then the move is made, it then slows, my charts are pretty good at picking tops and bottoms, but, when MTF's are against each other, there is the gray area of no trading, yet people still trade, not knowing which direction it will take off again. That is where most traders get burned, they don't heed the gray area and stay out of the market. The market no longer moves because there is no move, or the big boys would be in it making the move......
The More You Learn, The More You Earn.....
  • #19,930
  • Dec 13, 2012 1:32pm Dec 13, 2012 1:32pm
SemperOorah;6292004] Interesting how different and subjective charts are.

Charts can be as Subjective as they want to be, as long as you are on the proper side on that chart.......
The More You Learn, The More You Earn.....
  • #19,931
  • Dec 13, 2012 1:48pm Dec 13, 2012 1:48pm
Quoting DaddyBear
If this is not the bottom, then where is it?
Please don't take my words if you are already long or planning to long.
daddybearforex. com
  • #19,932
  • Dec 13, 2012 1:50pm Dec 13, 2012 1:50pm
Quoting DaddyBear
If this is not the bottom, then where is it?
The other side to your 2-way thinking is this......There is a bottom and there is a top....This occurs on every chart and with every TF......within every TF.....you need to study the direction of each TF with another TF......If the 4h , 1h, and 15m are all traveling the same direction, then PA will travel that direction, BUT, if the 4H is up and the 1H is down and the 15m is up, you have conflict of direction and PA stalls, this is where most traders trade and get burned, trying to gamble the direction it is to go next.....who is to say the 4h will wait for the 1h to catch up and match it's direction until it really does.....? The 15m could stall the 1h chart until the 4h makes a turn and now the whole market is going against you.....
The answer for your question is "not the bottom, then where is it ?" is " The where is it, is in transition like a caterpillar to a butterfly...." The market is ever changing.....
The More You Learn, The More You Earn.....
  • #19,933
  • Dec 13, 2012 1:51pm Dec 13, 2012 1:51pm
Quoting DaddyBear
Please don't take my words if you are already long or planning to long.
?
The More You Learn, The More You Earn.....
  • #19,934
  • Dec 13, 2012 1:53pm Dec 13, 2012 1:53pm
Quoting forexalien
The other side to your 2-way thinking is this......There is a bottom and there is a top....This occurs on every chart and with every TF......within every TF.....you need to study the direction of each TF with another TF......If the 4h , 1h, and 15m are all traveling the same direction, then PA will travel that direction, BUT, if the 4H is up and the 1H is down and the 15m is up, you have conflict of direction and PA stalls, this is where most traders trade and get burned, trying to gamble the direction it is to go next.....who is to say the 4h will...
What I would do is using H1 as the guideline to trade M15 or M5.
daddybearforex. com
  • #19,935
  • Dec 13, 2012 1:59pm Dec 13, 2012 1:59pm
Quoting forexalien
Any Better?.........hehehe
This is more like a dead alien .... under a wreckage of UFO.......


http://www.forexfactory.com/attachme...1&d=1355413840
daddybearforex. com
  • #19,936
  • Dec 13, 2012 2:05pm Dec 13, 2012 2:05pm
Quoting DaddyBear
If this is not the bottom, then where is it?
bottom is always 0
  • #19,937
  • Dec 13, 2012 2:07pm Dec 13, 2012 2:07pm
Quoting forexalien
The other side to your 2-way thinking is this......There is a bottom and there is a top....This occurs on every chart and with every TF......within every TF.....you need to study the direction of each TF with another TF......If the 4h , 1h, and 15m are all traveling the same direction, then PA will travel that direction, BUT, if the 4H is up and the 1H is down and the 15m is up, you have conflict of direction and PA stalls, this is where most traders trade and get burned, trying to gamble the direction it is to go next.....who is to say the 4h will...
Waiting for all TF including D1 to line up may allow a trader one or two opportunities to trade per month.
daddybearforex. com
  • #19,938
  • Dec 13, 2012 2:08pm Dec 13, 2012 2:08pm
Quoting HelloOz
bottom is always 0
When Australia disappears from the Earth. I am talking about relative bottom.
daddybearforex. com
  • #19,939
  • Dec 13, 2012 2:10pm Dec 13, 2012 2:10pm
Quoting DaddyBear
Usually traders are trapped in this twilight zone. It looks bullish and fib is 61.80. [H4 Morning Star?] Everyone can see the bulls. In the end, most of the time I found it is a continuation pattern.
If my thought is on the money, the remaining portion of this drop may be very bloody.
daddybearforex. com
  • #19,940
  • Dec 13, 2012 2:12pm Dec 13, 2012 2:12pm
Quoting forexalien
The other side to your 2-way thinking is this......There is a bottom and there is a top....This occurs on every chart and with every TF......within every TF.....you need to study the direction of each TF with another TF......If the 4h , 1h, and 15m are all traveling the same direction, then PA will travel that direction, BUT, if the 4H is up and the 1H is down and the 15m is up, you have conflict of direction and PA stalls, this is where most traders trade and get burned, trying to gamble the direction it is to go next.....who is to say the 4h will...
For a scalper, he only has to line up M1 and a ticks chart.
daddybearforex. com
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