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  • #761
  • Dec 17, 2012 2:04am Dec 17, 2012 2:04am
Quoting NuNix
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
closed @BE+1.
Looks like bulls defense strong on 1.3143 (it might become the low for today), for up move price need to break 1.3164.
Wait for this S/R to broken, then enter on the pullback.
Dangdut is a music of my country
  • #762
  • Dec 17, 2012 2:15am Dec 17, 2012 2:15am
i enter buy position again in EUR/USD. hope this will be good
Attached Image (click to enlarge)
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  • #763
  • Dec 17, 2012 2:22am Dec 17, 2012 2:22am
the reason why i take this trade is the trend is bullish. H1 RSI around 60 (not overbought). M15 AO show a bullish divergence. still +7 pips.
Attached Image
  • #764
  • Dec 17, 2012 2:26am Dec 17, 2012 2:26am
Quoting vahn
i enter buy position again in EUR/USD. hope this will be good
Looks good mate , but too aggressive for me. I'm more conservative when taking the order
Dangdut is a music of my country
  • #765
  • Dec 17, 2012 2:43am Dec 17, 2012 2:43am
Quoting vahn
i enter buy position again in EUR/USD. hope this will be good
bad market. the price refuse to make a new high. closed for +3 pips.
  • #766
  • Dec 17, 2012 2:49am Dec 17, 2012 2:49am
Quoting NuNix
Looks good mate , but too aggressive for me. I'm more conservative when taking the order
yea. maybe my trade is too aggressive. have to learn a lot, mate
  • #767
  • Dec 17, 2012 2:55am Dec 17, 2012 2:55am
Quoting NuNix
Looks good mate , but too aggressive for me. I'm more conservative when taking the order
The conservative way :
Attached Image (click to enlarge)
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Dangdut is a music of my country
  • #768
  • Dec 17, 2012 3:24am Dec 17, 2012 3:24am
I see wave on M5, long on pullback of wave 2.
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Dangdut is a music of my country
  • #769
  • Dec 17, 2012 4:09am Dec 17, 2012 4:09am
Quoting NuNix
Looks good mate , but too aggressive for me. I'm more conservative when taking the order
I am looking at the other Eur pairs, on daily,4 hr and daily especially eur/nzd to see that either the EUR is simply resting, or getting ready for a nice retracement.Look at daily chart here and then hourly on this eur pair.whatcha all think? Im short from 1.5586 with 1.55103 stop. and 1.55168 target. Will Eur/usd follow suit?
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  • #770
  • Dec 17, 2012 4:12am Dec 17, 2012 4:12am
i don't like the way market move. the price is forming a widening pattern. type of market i usually stay away
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  • #771
  • Dec 17, 2012 4:58am Dec 17, 2012 4:58am
Quoting Silat50
I am looking at the other Eur pairs, on daily,4 hr and daily especially eur/nzd to see that either the EUR is simply resting, or getting ready for a nice retracement.Look at daily chart here and then hourly on this eur pair.whatcha all think? Im short from 1.5586 with 1.55103 stop. and 1.55168 target. Will Eur/usd follow suit?
I'm not sure about the correlation and never use it when trading. What i see in EU is this pairs will climb up till reach the respect point (resistant) before down move continue in 2013. It's the basic law of equilibrium, the pairs have to move up first before going down.

On the EU Daily, i see 1.347x as the respect point
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Dangdut is a music of my country
  • #772
  • Dec 17, 2012 8:14am Dec 17, 2012 8:14am
In 15 Minutes....Price still waiting the Chief Draghi
Dangdut is a music of my country
  • #773
  • Dec 17, 2012 9:00am Dec 17, 2012 9:00am
Quoting NuNix
In 15 Minutes....Price still waiting the Chief Draghi
So 30 minutes after Draghi's speaks, nothing special. Price will continue the current trend, UP!
Dangdut is a music of my country
  • #774
  • Dec 17, 2012 9:19am Dec 17, 2012 9:19am
Set SL @BE+1
Looking for pullback to add more Long
Attached Image(s) (click to enlarge)
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Dangdut is a music of my country
  • #775
  • Dec 17, 2012 9:42am Dec 17, 2012 9:42am
Hello Folks,
Mr. Pip here, what I’m about to say may be contrary to your beliefs or your understanding of market movement but like all my posts they are meant as a means of creating awareness and to educate you on market movement in terms of its natural order. I have been reading quietly behind the scenes and contributed with a few posts earlier in this thread and got ahead of pace.
Identifying your trading timeframe is the most important aspect in determining how you will conduct your analysis. What I mean is, if you have decided that you are trading on a 5 min chart looking to the daily or even the 4H is information overload. You are over analyzing and over complicating your approach.
Don’t get me wrong, you should always consult your higher timeframe in your approach if you have difficulty seeing the big picture. The point is that there is such a huge gap between the 4H and daily from the 5 min that the information is completely useless from an intraday trading stand point.
The market moves how the market moves it doesn’t matter where it’s going or why? It does not matter what it correlates with? What news is coming out or what is happening on the higher timeframes. This information has a place in trading but not on a 5 min intraday stand point. I would also like to remind you that all trends first start on a 1 min chart. Your lower timeframes will provide you with critical information, valuable information long before your 4H or daily will. They are lagging much like the indicators do on your chosen trading timeframe.
Think about this carefully and you will agree that the 5 min trend will change way before the 4H. So if this is true then why do so many traders place such importance on this? You could raise a valid argument and say that it helps you not trade against dominant trend or that it keeps you on the correct side of order flow and I would tell you that this critical information that is vital to your trading was already available to you on your trading timeframe. What you are looking for on the higher timeframe should already be known to you.
Kind Regards,
Mr. Pip
If you fail to plan, you plan to fail.
  • #776
  • Dec 17, 2012 10:08am Dec 17, 2012 10:08am
Hello again, I wanted to show you a chart example of what I mean. This is today’s current EURUSD 5 min. Look at how beautiful price action moved. Can you see its heart beat? Does it have a rhythm? Is there anything here you needed to consult with a higher timeframe or a correlating pair for? Folks, it is critical as chart technicians that we understand how to read a chart and how to decide what information is valuable and what is not. This will help you make smarter, quicker and better decisions when it comes down to trade execution.
Regards,
Mr. Pip
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #777
  • Dec 17, 2012 10:22am Dec 17, 2012 10:22am
I agree with you Mr. Pip. I am looking forward to know how you take decisions on smaller TFs based on what indicators are valuable at that time, and what made you took that decision at the end or why.
Best time to plant a tree was 20 years ago, second best is now
  • #778
  • Dec 17, 2012 10:47am Dec 17, 2012 10:47am
Quoting horuxito
I agree with you Mr. Pip. I am looking forward to know how you take decisions on smaller TFs based on what indicators are valuable at that time, and what made you took that decision at the end or why.
Horuxito,
As you can see from my posted chart, I do not use indicators. I feel they add a level of complexity to a simple process I rather do without. The only tool I use is Fibonacci ratios and Harmonics. Everything else comes from understanding how price moves. No one can predict what the market is going to do next specially indicators that are analyzing historical data. But we can identify or forecast with a very high degree of accuracy where traders will be forced to make decisions and these are the areas we want to target. There is nothing random about price movement.

It is impossible for any one person or indicator to predict what the millions of traders are thinking. This is for many an emotional process steered by fear and greed. I don’t care about any of that because I know where they are likely to make decisions based on those emotions collectively.
Regards,
Mr. Pip
If you fail to plan, you plan to fail.
  • #779
  • Dec 17, 2012 10:47am Dec 17, 2012 10:47am
Quoting Mr. Pip
[font=Calibri][size=3]Hello again, I wanted to show you a chart example of what I mean. This is today’s current EURUSD 5 min. Look at how beautiful price action moved. Can you see its heart beat? Does it have a rhythm? Is there anything here you needed to consult with a higher timeframe or a correlating pair for? Folks, it is critical as chart technicians that we understand how to read a chart and how to decide what information is valuable and what is not. This will help you make smarter, quicker and better decisions when it comes down to trade...
Mr Pip you are certainly right on much that you say, and wiser than most of us. But if you just look at the 60m chartof the last 4 hrs, the price is disgusting! This to me is the kind of market where the house gets both sides. No or few winners. How can you have a big winner when you have a 22 pip range between 4 candles on the busiest time of the day? I say if this morning repeated itself for 3 months. we would lose 75% of all speculators. It not only makes things harder, but it takes all the joy out of trading. We are traders,speculators, if we wanted something this slow we could just buy junk bonds! -) A one hour chart tells a day trader regardless his time of choice exactly whether its worth it to even hang around, no? One trader said a market must go down before it can go up,and if thats true, it was in a coma on life support. No movement! Plus, Mr Pip, I thought the lower time frames cannot be depended upon alone as it is mostly "noise" and by the time you find a trend on 3 five min bars pulling back to let you in, the party is over anyway sometimes. Dont all of you agree that if every day was like today on EUR/USD you would give up trading? VOTE! -)

Also I want to add that since the 4hr is my preferred time frame to trade, 60 min charts ARE the lower time frame.
  • #780
  • Dec 17, 2012 11:10am Dec 17, 2012 11:10am
Quoting NuNix
I see wave on M5, long on pullback of wave 2.
Why do you assume price will go up? It could just as well continue down.
You are creating a bias that could become costly.Most likely scenario budget gets agreed upon,no fiscal cliff and greenbacks gets her strength back.
Regards
In trading, you have to be defensive and aggressive at the same time
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