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  • #744,581
  • Jan 10, 2013 5:35pm Jan 10, 2013 5:35pm
Quoting forexalien
Todays triple ADX would have kept you in the trade till the end.......and not shorting it 2/3's the way up.....
What does a triple ADX actually do? A 20 sma would have done the same thing, from the look of your chart. Guess it don't have no fancy name, though.
Gone to a better place
  • #744,582
  • Jan 10, 2013 5:39pm Jan 10, 2013 5:39pm
Quoting spartanforex
very true even a drop of 100 pips from here would be healthy for bulls.

Posted by Ken A
Yeah it can go anywhere from here.

i like the cheap seats. 2894 is still norm b4 3592 here. 3594 is the old missed one since 2008.. the ypp is 3588... if we dont make the ypp before jan 1. then norm pa is here. at anytime norm may want a drink at 2894 ish.. i like the one the arrow path goes to simply because it goes go there, just less often, but the r/r is much better there,

we got 3/4 to 2894 (2997 low)... using 3308 as a starting point. if we go to it (2894) now, then 2687 is a new target. its why i look at 3279 hard.. it makes 3281/85 a R uf we do break R.. we still may see 3101, the cheap seats
those who can, do. those who cant, talk about those who can
  • #744,583
  • Jan 10, 2013 5:39pm Jan 10, 2013 5:39pm
Quoting Rag2RichesFX
s/l is above 90 but not 300 pips

this daily divergence is larger and more distinct than the last one.

i will probably cover this short when i see the opportunity as we will have another wave up to the highs or even new highs eventually.
what are you targeting?

not sure if i agree with that daily div. but gl.
  • #744,584
  • Jan 10, 2013 5:43pm Jan 10, 2013 5:43pm
Quoting Willow
then you realize that the bear fur carpet on the floor is alive

yes and relatives knocking of door for visit, both bull and bear are most dangerous when most injured

we have entered previous battle zones, bulls have had 12hrs of super mario party juice, bears have rested, game on
If you are new to Forex? Say Goodbye to your account!!
  • #744,585
  • Jan 10, 2013 5:46pm Jan 10, 2013 5:46pm
no question ask, another positive daily candle will be formed on this Friday.
  • #744,586
  • Jan 10, 2013 5:55pm Jan 10, 2013 5:55pm
Ej goin nuts again
  • #744,587
  • Jan 10, 2013 5:55pm Jan 10, 2013 5:55pm
Quoting Rag2RichesFX
s/l is above 90 but not 300 pips

this daily divergence is larger and more distinct than the last one.

i will probably cover this short when i see the opportunity as we will have another wave up to the highs or even new highs eventually.
Hope you covered that one, ouch 36 more pips just now.....
The More You Learn, The More You Earn.....
  • #744,588
  • Jan 10, 2013 6:14pm Jan 10, 2013 6:14pm
Quoting smikester
What does a triple ADX actually do? A 20 sma would have done the same thing, from the look of your chart. Guess it don't have no fancy name, though.
To keep it simple, I use three speeds (7) , (21) , (42) the histogram is colored and tells me the direction long or short.
When they are all low and slow , I look for breakout , when they all are pointing up, the trade is on, and I use MTF's to do this , the bigger TF the better, the (7) will saw up and back counting the waves as it goes, the (21) counts the larger waves, when the red and blue (42) bend over at the top of the move, the move is over, or resting for the next trading session. I will write a full article on this in the S&C magazine in the near future and post it here to read......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: adx eur 200 plus pips.JPG Size: 150 KB
Click to Enlarge Name: adx all short.jpg Size: 50 KB
The More You Learn, The More You Earn.....
  • #744,589
  • Jan 10, 2013 6:17pm Jan 10, 2013 6:17pm
Quoting Ihate2lose
no question ask, another positive daily candle will be formed on this Friday.
depend what your broker hours are for close, bad yen data will hurt asia pacific inc kiwi aussie, kiwi 4hr just closed inverted hammer @ resistance, bears and bull will make green pips today
If you are new to Forex? Say Goodbye to your account!!
  • #744,590
  • Jan 10, 2013 6:32pm Jan 10, 2013 6:32pm
Quoting gatorinla

Posted by Ken A
Yeah it can go anywhere from here.



i like the cheap seats. 2894 is still norm b4 3592 here. 3594 is the old missed one since 2008.. the ypp is 3588... if we dont make the ypp before jan 1. then norm pa is here. at anytime norm may want a drink at 2894 ish.. i like the one the arrow path goes to simply because it goes go there, just less often, but the r/r...
took a bad hit on the EURUSD flying up like this... this is pretty rare for a pair like EURUSD... i dont remember seeing EURUSD going absolutely nuts like the 240 pip daily range we had...
you ever seen something like that?
would i be insane to think the EURUSD is very much capable of falling 150 pips today? i mean the added trading range yesterday should provide sure provided some volatility, sooo 250 move up and 150 down isnt really much to ask imho i guess...
We live in a finite world with infinite possibilities.
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  • #744,591
  • Jan 10, 2013 6:33pm Jan 10, 2013 6:33pm
e/j.
running out of lines at 119.77.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #744,592
  • Jan 10, 2013 6:38pm Jan 10, 2013 6:38pm
Quoting spartanforex
very true even a drop of 100 pips from here would be healthy for bulls.
On the weeklies the move start a little above 1.2000 & in a trending market a 20% pull is very healthy & keeps the trend in tact, so 1.3000ish is still very bullish, longer term of course. Buying dips is a safe play till 1.3500 at which point above 1.3200 will be considered bullish.
It works till it doesn't
  • #744,593
  • Jan 10, 2013 6:47pm Jan 10, 2013 6:47pm
looks like the trendline up top is still valid
i wonder if we would be getting a move similar to this
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.11012013.0842.gif Size: 38 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #744,594
  • Jan 10, 2013 6:52pm Jan 10, 2013 6:52pm
many shorts theologies, I started to chicken out, now, poakkkk poaaakkk poooaakk.
I have been holding this position since I was -90pips, 2days ago. +138 now.
Discipline and patient tell me to hold this position until 1.3350, I'll get another +100 pips.
  • #744,595
  • Jan 10, 2013 6:57pm Jan 10, 2013 6:57pm
Quoting Ihate2lose
many shorts theologies, I started to chicken out, now, poakkkk poaaakkk poooaakk.
I have been holding this position since I was -90pips, 2days ago. +138 now.
Discipline and patient tell me to hold this position until 1.3350, I'll get another +100 pips.
I think you were just gambling.

Also, what do you guys think about this setup on the Kiwi? Bearish divergence (needs to be confirmed) on the daily going into supply. Only hold is that this would be the third shot at the level.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.png Size: 52 KB
  • #744,596
  • Jan 10, 2013 7:00pm Jan 10, 2013 7:00pm
Quoting attila
e/j.
running out of lines at 119.77.

Attachment
I just emailed Abe & told him to get it together we need more lines
It works till it doesn't
  • #744,597
  • Jan 10, 2013 7:03pm Jan 10, 2013 7:03pm
Quoting Kanzler
I think you were just gambling.

Also, what do you guys think about this setup on the Kiwi? Bearish divergence (needs to be confirmed) on the daily going into supply. Only hold is that this would be the third shot at the level.
i have no idea whats going on...
after a move like the one we had on EURUSD.... my head feels like a voids there, something felt dodgy bout yesterday's EURUSD move.. makes me uneasy about trading this week....

So i have no idea even for NZDUSD.... i would like to see a sort of dip in NZDUSD though....

im just awaiting for some pullback on the EURUSD for me to make any sense of whats going on....

heres me being honest, i dont have a clue after yesterday...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #744,598
  • Jan 10, 2013 7:04pm Jan 10, 2013 7:04pm
Quoting fxtyrant
looks like the trendline up top is still valid
i wonder if we would be getting a move similar to this
Attachment

i believe there is a good possibility of hitting 1.3140 before new high at 1.3307... should this level break then we can look further to 1.3000 again.. this might not be a wave up... we could still be ranging...
  • #744,599
  • Jan 10, 2013 7:04pm Jan 10, 2013 7:04pm
Quoting Kanzler
I think you were just gambling.

Also, what do you guys think about this setup on the Kiwi? Bearish divergence (needs to be confirmed) on the daily going into supply. Only hold is that this would be the third shot at the level.
I know you weren't asking me but I trade the kiwi and aussie a lot and have shorted the kiwi today at .8448. I'll stop out on a daily close above .8510 and look for a multi day/weel move back towards the low .8200's. Also new moon today, Aussie dollar hates new moons beleive it or not....
  • #744,600
  • Jan 10, 2013 7:05pm Jan 10, 2013 7:05pm
Quoting fxtyrant
i have no idea whats going on...
after a move like the one we had on EURUSD.... my head feels like a voids there, something felt dodgy bout yesterday's EURUSD move.. makes me uneasy about trading this week....

So i have no idea even for NZDUSD....
im just awaiting for some pullback on the EURUSD for me to make any sense of whats going on....

heres me being honest, i dont have a clue after yesterday...
We were in the same boat, luckily I pulled my stop to B/E before I went to bed last night though. I'm a little jittery myself to be quite truthful.

Quoting Hyperion
I know you weren't asking me but I trade the kiwi and aussie a lot and have shorted the kiwi today at .8448. I'll stop out on a daily close above .8510 and look for a multi day/weel move back towards the low .8200's. Also new moon today, Aussie dollar hates new moons beleive it or not....
On the contrary - anybody who has a take on it. That stop is a little more liberal than I would probably take but game plan sounds similar!
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