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  • #767,321
  • Mar 5, 2013 6:04am Mar 5, 2013 6:04am
Quoting halkins
I treat each TIMEFRAME like a train.
If I jump into the train, I'd like all (or most) of them going in the same direction.
At this moment they all are going against each other, and the head-on collision is just a matter of time.
1H, 30M North, 4H, 15M, 5M South

I'll wait for the trian which survive the crash

Attachment
and the most important Daily is going south

but equally it is at a make or break level
  • #767,322
  • Mar 5, 2013 6:05am Mar 5, 2013 6:05am
Quoting Ken A
What breed is Sarah?
New Yorker... Met her for real in 2005
  • #767,323
  • Mar 5, 2013 6:08am Mar 5, 2013 6:08am
Quoting Vectamart
Right now, I'm sitting on my hands waiting for a good short entry. I want to first see a confirmed penetration of the main pivot to the south; MACD on H1 chart needs to turn negative and RSI on H1 needs to drop to 49 or lower. I am hoping a short entry at around 1.3005 will tick all the boxes. Probably have more than enough time to enjoy a leisurely lunch first.
Enjoy the lunch mate, equities are pulling north. Very mixed signals... Unless you are scalping hard to find a good entry and run it all the way...
  • #767,324
  • Mar 5, 2013 6:08am Mar 5, 2013 6:08am
Quoting MaxDoom
and the most important Daily is going south

but equally it is at a make or break level
Yes, that's correct, but DAILY sits on a very important support line plus nearby psycho-round 1.30000.
This makes me think a bounce up is very likely, but it looks bulls are not ready yet if they let themselves fall 50pips without a fight.
probably some news later on will heat up the air...
Read Charts - Not Papers
  • #767,325
  • Mar 5, 2013 6:08am Mar 5, 2013 6:08am
EJ - approaches pivot again
  • #767,326
  • Mar 5, 2013 6:09am Mar 5, 2013 6:09am
Quoting halkins
I treat each TIMEFRAME like a train.
If I jump into the train, I'd like all (or most) of them going in the same direction.
At this moment they all are going against each other, and the head-on collision is just a matter of time.
1H, 30M North, 4H, 15M, 5M South

I'll wait for the trian which survive the crash

Attachment
I have heard there're two kind of traders, i.e., Fundamental and Technical traders. I don't know WTH that means.

But Halkins, it is safe to conclude you are a Mechanical.
  • #767,327
  • Mar 5, 2013 6:10am Mar 5, 2013 6:10am
Quoting Vectamart
Right now, I'm sitting on my hands waiting for a good short entry. I want to first see a confirmed penetration of the main pivot to the south; MACD on H1 chart needs to turn negative and RSI on H1 needs to drop to 49 or lower. I am hoping a short entry at around 1.3005 will tick all the boxes. Probably have more than enough time to enjoy a leisurely lunch first.
you are watching sarah as well aren't you?
  • #767,328
  • Mar 5, 2013 6:11am Mar 5, 2013 6:11am
Just got back from taking the wife for a driving lesson! It's good to be back to the sanity of the markets!!
  • #767,329
  • Mar 5, 2013 6:12am Mar 5, 2013 6:12am
So H4 showing rejecting of 1.30700 supply, H1 showing bearish engulf... We need the break of that daily pivot to continue lower. But I don't like the spiking upwards on M15.

However since I'm already on BE+5pips, I'll just take my chances and wait it out. It's free money for me now anyways.
  • #767,330
  • Mar 5, 2013 6:12am Mar 5, 2013 6:12am
Quoting MaxDoom
EJ - approaches pivot again
Closed mine @121.30s, watching 121.65 to cap and will try again I guess...
  • #767,331
  • Mar 5, 2013 6:16am Mar 5, 2013 6:16am
Quoting math_GB
Closed mine @121.30s, watching 121.65 to cap and will try again I guess...
yes I closed out @ 39

just re-entered @ 121.56
  • #767,332
  • Mar 5, 2013 6:16am Mar 5, 2013 6:16am
Quoting cat
Just got back from taking the wife for a driving lesson! It's good to be back to the sanity of the markets!!
Relax man, relax... take some pills...
Read Charts - Not Papers
  • #767,333
  • Mar 5, 2013 6:16am Mar 5, 2013 6:16am
DAX is super horny today...extra lube needed..?
  • #767,334
  • Mar 5, 2013 6:17am Mar 5, 2013 6:17am
Quoting MaxDoom
you are watching sarah as well aren't you?
Ken A suspects he is a priest but your eyes cought the truth...
  • #767,335
  • Mar 5, 2013 6:17am Mar 5, 2013 6:17am
Quoting MaxDoom
the line I have just drawn


but to be honest Sarah is on the other screen and very distracting compared to the line
You must be watching Bloomberg?
  • #767,336
  • Mar 5, 2013 6:18am Mar 5, 2013 6:18am
Quoting halkins
Relax man, relax... take some pills...
I will when I've stopped shaking.
  • #767,337
  • Mar 5, 2013 6:18am Mar 5, 2013 6:18am
Quoting math_GB
New Yorker... Met her for real in 2005
I just want to make sure Sarah is not a dog because yesteday Max mentioned something about femalizing the dog
  • #767,338
  • Mar 5, 2013 6:18am Mar 5, 2013 6:18am
Quoting cat
Just got back from taking the wife for a driving lesson! It's good to be back to the sanity of the markets!!
Cat, I tought you were a chick...???
  • #767,339
  • Mar 5, 2013 6:19am Mar 5, 2013 6:19am
Quoting MaxDoom
yes I closed out @ 39

just re-entered @ 121.56
same think about this entry. target could be 121.35
looking for investors . pm me
  • #767,340
  • Mar 5, 2013 6:20am Mar 5, 2013 6:20am
Quoting halkins
I treat each TIMEFRAME like a train.
If I jump into the train, I'd like all (or most) of them going in the same direction.
At this moment they all are going against each other, and the head-on collision is just a matter of time.
1H, 30M North, 4H, 15M, 5M South

I'll wait for the trian which survive the crash

Attachment
I like that analogy. I always like the trend directions to be in alignment on all main time frames before entering a trade.
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