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  • #748,061
  • Jan 19, 2013 8:13am Jan 19, 2013 8:13am
Quoting Ken A
Never claimed to be a trader but more of an oppotunist because I don't have 110% winning strategy as some have claimed or that was the impression or perhaps they are trying to sell something here

About the milk, you might have confused it with udder.
I'm happy have a good conversation with you this weekend. enjoy your weekend my friend
Dangdut is a music of my country
  • #748,062
  • Jan 19, 2013 8:43am Jan 19, 2013 8:43am
Quoting amalfi
Nice chart... By the look of it, in case bears want to show some muscle, we have 1.3120s in sight but it will probably take time. I still don't see below 1.30s being reached easily tough, of course things may change pretty quickly. however the forum is so bearish which I don't get and find quite funny & surprising. We have come a long way, even if we do drop below 1.30s there are decent supports below one being 1.2880-1.2910 area. Anyway, I am not a position trader and hunt for reasonable targets, general view just helps me prevent over trading...
Thanks. And yes, I'll be watching that area also, 1.2880-1.2910 for support. I've noticed since I started looking at the higher time frames for overall direction, it's helped me with my trading, too. And now, 1.264x keeps popping out at me. I'm becoming very bearish for this pair. A correction in play before any further up move, maybe? GL
Time turns trend. - W.D. Gann
  • #748,063
  • Jan 19, 2013 8:46am Jan 19, 2013 8:46am
Quoting DrDiscretion
Yeah, but this is the Fib. Daily Analysis.

Interesting. I was playing around with the fib fan last night and noticed that, too. Another thing I noticed on the monthly was how many green closed candles in a row there are. Five so far, (of course, a fib number). If this month's candle closes green, then the next fib number isn't until eight. Correction in play? Hmmm.......
Time turns trend. - W.D. Gann
  • #748,064
  • Jan 19, 2013 9:40am Jan 19, 2013 9:40am
i still have this rising tl channel on the daily. currently, support is at 3060ish. increasing at a pace of approx. 65pp every 4days.
  • #748,065
  • Edited 10:50am Jan 19, 2013 10:39am | Edited 10:50am
Quoting Vachus
Gator , how do you see the weekly candle ? This is a Dojy right ... And the daily to ! The current daily candle has a HH and the low of yesterday is still holding ! Should be the closing of this daily is a buy ?!
weekly is more a spinner, then doji. a red one, with a high at 50% R of the highest high, since the 1876 low. norm is still at 2894 and a few pips higher on some figures. the pp is still 2909... the yen is pushing this thing. japan isn't going to stop it. its up to the ecb. German products in japan are 20% higher then 3 months ago. to a less degree u.s. and china products are cheaper in Europe, then 3 months ago. at the same time products from the ez are equally more expensive in japan, u.s. and china. something has to give. they have to change the trajectory, or in 3 months. give or take, what happens in the ez?. Britain talked tough and tightened, and we are now seeing a crack in the gbp. the yen put us here and if the ecb dont do something they will be in a depression soon..

japan owes more then the government brings in. they have to inflate (print) just to pay the interest. they live on a volcano. they have little energy, they are cutting out the nukes. so the little energy they had is shrinking. they import most of it. they have high social cost with an aging population. they are sourcing out more and more manufacturing where the energy is cheaper. that place is north America. energy is the most expensive cost in most industrial manufacturing.

now if you were living in Spain.. and had to purchase a product. are you going to buy the German one? or the china one? on a car i may say German. but what if its a Japanese one? at 20% less.. most products are not cars.... on these you may be willing to buy some of the lower grade products. especially if in Spain with 25% unemployment living with your mother-in-law, 4 adult children and a dog in a one bedroom basement.

something has to give. .. japan is not letting up, they cant.. the ecb will be forced to cut deep.. where is uncle? at 20%, 25%, 30% 50%,,,, numbers dont stop. ...
those who can, do. those who cant, talk about those who can
  • #748,066
  • Jan 19, 2013 10:53am Jan 19, 2013 10:53am
later
those who can, do. those who cant, talk about those who can
  • #748,067
  • Jan 19, 2013 10:57am Jan 19, 2013 10:57am
I have 2 plans for next week trading

Plan A (For long position building) : Down trendline broken, price back down but failed to make new low. I will set buy stop (Buy 1) 1 pip+spread above the high of the last candle that failed to make new low. Next, I will set buy stop (Buy 2) 1 pip+spread above previous swing high.

Plan B (For short position building) : Up trendline broken, price back up but failed to make new high. I should set sell stop (Sell 1) 1 pip below the low of the last candle that failed to make new high, but i missed the trade because i'm away from my pc. Next, I will set sell stop (Sell 2) 1 pip below previous swing low.

Edit : Chart is EU H4 TF
Attached Image(s) (click to enlarge)
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Dangdut is a music of my country
  • #748,068
  • Jan 19, 2013 1:26pm Jan 19, 2013 1:26pm
Quoting gatorinla

something has to give. .. japan is not letting up, they cant.. the ecb will be forced to cut deep.. where is uncle? at 20%, 25%, 30% 50%,,,, numbers dont stop. ...
There will be a EUR group meeting next Monday , and the exchange rate should appear on the Agenda if Germany would like to avoid a 2013 recession and Merkel defeat in election - which will be catastrophic on whole Europe. However, somehow - i sense the ECB went missing on that issue and probably the Euro rally is kind of comfortable as his main goal was to contain the Debt crisis. So , as long as bailing out the peripheries without further intervention or loans is working - i don't think something should be expecting from ECB. But i'm expecting the German officials to start being vocal about the exchange rate or they will start picking up on Cyprus or address the issue straight forward.

Eurogroup meeting is on Monday and later in the day Weidmann will be speaking. ( If Weidmann doesn't cool off the Eur before the BOJ press conference , then there will be a problem ). Dragni will be speaking on Tuesday , but after the Japenese press conference !
"It's the Margin, Stupid."
  • #748,069
  • Jan 19, 2013 5:27pm Jan 19, 2013 5:27pm
Quoting gatorinla
weekly is more a spinner, then doji. a red one, with a high at 50% R of the highest high, since the 1876 low. norm is still at 2894 and a few pips higher on some figures. the pp is still 2909... the yen is pushing this thing. japan isn't going to stop it. its up to the ecb. German products in japan are 20% higher then 3 months ago. to a less degree u.s. and china products are cheaper in Europe, then 3 months ago. at the same time products from the ez are equally more expensive in japan, u.s. and china. something has to give. they have to change...
shit, I have been trying to say this for months, but my explaining is crap, this post puts pretty much everything in a neat tidy post, pure gold, for anyone with open eyes , the shit is about to hit the fan
cheers
If you are new to Forex? Say Goodbye to your account!!
  • #748,070
  • Jan 19, 2013 7:04pm Jan 19, 2013 7:04pm
Quoting KiwiTrada
shit, I have been trying to say this for months, but my explaining is crap, this post puts pretty much everything in a neat tidy post, pure gold, for anyone with open eyes , the shit is about to hit the fan
cheers
It's do or die for g/u.

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  • #748,071
  • Jan 19, 2013 8:06pm Jan 19, 2013 8:06pm
Quoting attila
It's do or die for g/u.

Attachment
yes she is very interestly poised

attached monthly & daily
note
I beleive cable is the most respectful of 50fib of all pairs, as monthly chart shows, 50 has proven a major battle zone, for both reversal and continuation ??

I did post my defence of the bull attack falling tl (red) @6300ish and did/doing quite well

problem with her is she is compressing, and considering talking monthly the break out should be pretty exciting, and I believe should last quite some time, possibly 1-2 years,

so yep, lower timeframes, is make or break now with high possibility of ping pong, higher timeframes is similar, ping pong compression until breakout
daily also showed importance of 50fib, was last level she tapped on Tuesday, before the present bear drive

daily previous low and 50 fib 5825ish will be decision time for bears / bulls, "gap" down to there and then a hard bull drive, is option, "gap" up then same as 1st option or bears attacks 5825ish straight from the getgo, either way is a decision level either way
Attached Image(s) (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #748,072
  • Jan 19, 2013 8:36pm Jan 19, 2013 8:36pm
Quoting KiwiTrada
yes she is very interestly poised

attached monthly & daily
note
I beleive cable is the most respectful of 50fib of all pairs, as monthly chart shows, 50 has proven a major battle zone, for both reversal and continuation ??

I did post my defence of the bull attack falling tl (red) @6300ish and did/doing quite well

problem with her is she is compressing, and considering talking monthly the break out should be pretty exciting, and I believe should last quite some time, possibly 1-2 years,

so yep, lower timeframes, is make or break now with...

this a different perpective
cable weekly

I have removed wicks and legs, as I think they just noise and are very tricky zones to trade except scalping.

note is pretty rushed chart but shows enough info, interesting thing is the pa that follows each "gap" aka "battlezone" the winner is often followed by pretty decent & strong candle candle what is more interesting is this process happen more often for bear moves than bull moves,, very helpful for me

bbl
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly 20 1 2013.jpg Size: 91 KB
If you are new to Forex? Say Goodbye to your account!!
  • #748,073
  • Edited Jan 20, 2013 1:55am Jan 19, 2013 10:53pm | Edited Jan 20, 2013 1:55am
you know what i mean.wait for the break.then, set up TP @ that area.lol.
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A chart helps those who can read it.
  • #748,074
  • Jan 20, 2013 2:21am Jan 20, 2013 2:21am
Quoting geniusztc
wait and see
LONG TERM

Imagination is more important than knowledge
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #748,075
  • Jan 20, 2013 2:40am Jan 20, 2013 2:40am
Quoting geniusztc
you know what i mean.wait for the break.then, set up TP @ that area.lol.
Thanks for posting, especially your EU 4H charts
Tracking the Specialists.
  • #748,076
  • Jan 20, 2013 6:21am Jan 20, 2013 6:21am
Bounced off support 1.3293, which has dictated the weekly range along with resistance of 1.3387. More than 9 month highs as well, so let's see how the open goes.
  • #748,077
  • Jan 20, 2013 6:57am Jan 20, 2013 6:57am
de-stressed already ?
ready for tomorrow ?
if not, take the weekly joke.

http://sphotos-d.ak.fbcdn.net/hphoto...98484942_n.jpg

I'll shop after the drop
  • #748,078
  • Jan 20, 2013 7:03am Jan 20, 2013 7:03am
Inserted Video
Tracking the Specialists.
  • #748,079
  • Jan 20, 2013 7:42am Jan 20, 2013 7:42am
'Connected' ? I can't see your picture...
  • #748,080
  • Jan 20, 2013 7:49am Jan 20, 2013 7:49am
Quoting Connected
http://www.youtube.com/watch?feature...&v=YNp6NcFlzIQ
great post - thx
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