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  • #741
  • Dec 14, 2012 12:21am Dec 14, 2012 12:21am
Daily - The price will test the resistance line for the third time.

Bias : RSI at 64. Bullish.

Note : The price didn't stop at R1 Pivot Resistance level, the price move stronger than i expected.
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  • #742
  • Edited 2:27am Dec 14, 2012 2:25am | Edited 2:27am
scored a couple of pips in this channel

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  • #743
  • Dec 14, 2012 2:49am Dec 14, 2012 2:49am
Quoting ozziedave
Have we finished going up on the Eur and are we ready for a correction??? Be cautious with long positions.

Ozzie, I love your charts. What kind of S/R lines are those on the chart. Very interesting! Where can I download or see them?


thanks.
  • #744
  • Dec 14, 2012 2:56am Dec 14, 2012 2:56am
H1 - wait the price to break this trendline before take sell position
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  • #745
  • Edited 5:28am Dec 14, 2012 5:12am | Edited 5:28am
buy on EUR/USD. it's quite risky because H1 AO show a bearish divergence. But i also see a bullish divergence in M5 and the price bounce twice from MA 200 in M15 and it refused to break daily pivot support line.
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  • #746
  • Edited 5:29am Dec 14, 2012 5:17am | Edited 5:29am
Quoting vahn
buy on EUR/USD. it's quite risky because H1 AO show a bearish divergence. But i also see a bullish divergence in M5 and the price bounce twice from MA 200 in M15 and it refused to break daily pivot support line.
the price struggle to climb. closed half of my position for +5 pips profit. move half of the rest stop loss to BE.
  • #747
  • Dec 14, 2012 5:24am Dec 14, 2012 5:24am
Quoting vahn
the price struggle to climb. closed half of my position for +5 pips profit. move half of the rest stop loss to BE.
closed half position for nothing (0). i estimated fast movement of the price. but the fact, it didn't move that way.

waiting for Core CPI m/m 2 hours again
  • #748
  • Dec 14, 2012 8:19am Dec 14, 2012 8:19am
Quoting vahn
so. it's only based on your feeling. then it's something we can't learn then. because every people have different feeling about the market.
Sorry Vahn...

My comment was not based on my feelings. That was just a figure of speech. My comment was based upon the divergence I was seeing that signals a turn in momentum.
  • #749
  • Dec 14, 2012 8:21am Dec 14, 2012 8:21am
Quoting Silat50
Ozzie, I love your charts. What kind of S/R lines are those on the chart. Very interesting! Where can I download or see them?


thanks.

Hi Silat..

Not sure what you mean by S/R lines. The purple lines are just horizontal lines from Mt4. The other lines are different MAs. Look up Raghee Horner and the 34 wave. She has lots of videos on her set up.
  • #750
  • Dec 14, 2012 8:55am Dec 14, 2012 8:55am
Quoting izisale
Question for 9er. (my english is bad) Perhaps this is stupid.
I think that you've mentioned the book Trading Dimensions - Bill Williams. By the way is very interesting.
Reading the book, I get the impression that the missing pictures in it. I think in a certain chapter. For example: THE ALLIGATOR ON THE PRICE CHART Figure 3-5 is the same chart as Figure 3-3 ........ but the picture is missing.
Perhaps the PDF version of the book, which I downloaded from the internet, is not original.

Yes, the pictures are missing. Unfortunately I have never seen a version on the internet INCLUDING the pictures - aside from a russian version. But if you keep a printout of Alpari`s Profitunity pages - everything is clear.
  • #751
  • Dec 14, 2012 9:11am Dec 14, 2012 9:11am
this is my 1st post here and 1st contact with this thread, which I'll study very well.

I have to say: Bill Williams methods are awesome, and I really like the way he describes the market dimensions. I really agree with him.

Plus.. I trade his methods partially, just the basic dimensions to understand which waves to trade and which not.

I'm studying better the other dimensions to make better trades and more profits, but the point 9er commented of exiting trades is very complicated.

Very very good thread, with very solidity principles. I will study in every detail.

Tkz 9er !!!
  • #752
  • Dec 14, 2012 10:10am Dec 14, 2012 10:10am
Quoting gustcoelho
this is my 1st post here and 1st contact with this thread, which I'll study very well.

I have to say: Bill Williams methods are awesome, and I really like the way he describes the market dimensions. I really agree with him.

Plus.. I trade his methods partially, just the basic dimensions to understand which waves to trade and which not.

I'm studying better the other dimensions to make better trades and more profits, but the point 9er commented of exiting trades is very complicated.

Very very good thread, with very solidity principles....
agree with you. 9er trades is very complicated. i wonder when 9er come back from vacation. need to learn more about this trading style
  • #753
  • Dec 16, 2012 12:20pm Dec 16, 2012 12:20pm
I can tell that this time of few posts has been positive. Remember that we have to read both Gartley Patterns and New Trading Dimensions. Everthing becomes more clear when we read them.

Also, as any other thread, we can take advantage of weekends to go behind and see how everthing went out.

It's so nice how 9er showed us his way to trade in days as Nov 29.
Best time to plant a tree was 20 years ago, second best is now
  • #754
  • Dec 16, 2012 4:24pm Dec 16, 2012 4:24pm
We are starting a new week (Monday Dec 17, 2012). This is how the 1H chart is looking:

Attached are the 1H and 15M charts.

Clearly something interesting is happening on the 1H chart. Some B to C formation? RSI is over 70 and the market is trending up.

I have to study a lot yet, but it's nice when you can at least start observing what is going on with the indicators on hand.
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Best time to plant a tree was 20 years ago, second best is now
  • #755
  • Dec 16, 2012 5:52pm Dec 16, 2012 5:52pm
Good Morning Traders
This is my plan for the rest of the year based on daily timeframe. I'll be using 9er's system for entry on smaller timeframe.

Bias for today : Slightly bearish
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Dangdut is a music of my country
  • #756
  • Dec 16, 2012 6:21pm Dec 16, 2012 6:21pm
Quoting NuNix
Good Morning Traders
This is my plan for the rest of the year based on daily timeframe. I'll be using 9er's system for entry on smaller timeframe.

Bias for today : Slightly bearish
That's interesting, I can see that head with those shoulders. I agree, slightly bearish considering our daily pivots too.
Best time to plant a tree was 20 years ago, second best is now
  • #757
  • Dec 16, 2012 6:55pm Dec 16, 2012 6:55pm
Price bounce on mouth and print an arrow. Set Sell Stop @Low-1pip
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Dangdut is a music of my country
  • #758
  • Dec 16, 2012 10:39pm Dec 16, 2012 10:39pm
it's mean that i am the only one who long here
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  • #759
  • Dec 16, 2012 10:59pm Dec 16, 2012 10:59pm
Quoting NuNix
Price bounce on mouth and print an arrow. Set Sell Stop @Low-1pip
H4 : If X-A leg has completed, so i have my target for short position.
M15 : If my count on the wave was right, so i have my SL on this sell order
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Dangdut is a music of my country
  • #760
  • Dec 16, 2012 11:05pm Dec 16, 2012 11:05pm
Quoting vahn
it's mean that i am the only one who long here
move my sl to BE+1.
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