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  • #777,941
  • Mar 25, 2013 7:43pm Mar 25, 2013 7:43pm
Quoting sh5467
Stochastics are very iffy against a strong trend. I have learnt this through bitter experience. Just my $0.02
Depends on the settings and how you use it. I rely quite a lot on Stochastics but more for confirmation.
If the stochastics doesn't line up the trade rarely does either. My experience though........
  • #777,942
  • Mar 25, 2013 7:54pm Mar 25, 2013 7:54pm
Quoting math_GB
Thanks mate, much appreciated. You know me, I like making my pips from longs somehow I get on better with those. But this doesn't mean I am blind, we are at the edge of some very important phase and I am ready to go either way altough I would prefer to be a Bull soon...
dont worry your bull is in there fighting, has too,

is just that last 12hr candle engulfed every 4hr candle so far this week, but as yet this week gap level is still open lots of different dynamics at work, but breakouts are my bread and butter, I am sidelines until this battle has winner
If you are new to Forex? Say Goodbye to your account!!
  • #777,943
  • Mar 25, 2013 7:57pm Mar 25, 2013 7:57pm
Quoting enterfx
Depends on the settings and how you use it. I rely quite a lot on Stochastics but more for confirmation.
If the stochastics doesn't line up the trade rarely does either. My experience though........
there are going to be a lot of trades in between the 20's and 30's ..lots ..the art is to separate the longs and shorts...you may look at the weekly stoch and rsi they both show heavy oversold conditions...still the market tanked over 200 pips ..u may want to heed the .02 abv.

i know the trend is down (a blind person can see that) but that does not mean i blindly short...just for an example i went long this afternoon (CT usa) and I see green....i have a stop in place below... if it tanks again ..well so be it...i may go long again or not that depends how far the drop is/was....does it make new lows new highs i/D and daily all that jazz plays into the equation....none said it is going to be easy...and the holly grail ..if it is out there ...pls. will someone be so kind and pm .....


when i look at stoch and rsi i may anticipate... but trading strictly of it made my entries nail biters....
  • #777,944
  • Mar 25, 2013 8:03pm Mar 25, 2013 8:03pm
Quoting Dad
I thought I had thick skin, but I failed to see the humor in the impoverished nature of that child and situation in the picture.
I have to agree on that...I didn't want to say anything but the scene just put me off... I couldn't find any humour in that at all...

Ninja...? Why did you have to chose that mate...? This isn't like you at all...
  • #777,945
  • Mar 25, 2013 8:04pm Mar 25, 2013 8:04pm
Quoting KiwiTrada
dont worry your bull is in there fighting, has too,

is just that last 12hr candle engulfed every 4hr candle so far this week, but as yet this week gap level is still open lots of different dynamics at work, but breakouts are my bread and butter, I am sidelines until this battle has winner
Give me a promise to join my Bull in case we have a proper month-end close... I don't want to get rich on my own, will feel lonely
  • #777,946
  • Mar 25, 2013 8:10pm Mar 25, 2013 8:10pm
Quoting attila
If it turns it's not going to do it in one day, I think.. That TL has to be broken and backtested..


https://www.tradingview.com/x/nPBPVLSI/
your first chart on the higher tf's thru that site, chief. very nice, thx so much!

loving the same candles being shown
  • #777,947
  • Mar 25, 2013 8:11pm Mar 25, 2013 8:11pm
Quoting math_GB
Give me a promise to join my Bull in case we have a proper month-end close... I don't want to get rich on my own, will feel lonely
i wanna tag along too
  • #777,948
  • Mar 25, 2013 8:14pm Mar 25, 2013 8:14pm
Quoting ec_creep
i wanna tag along too
Hop in... Not now, just a little more patience... The pressure is not over yet but I expect it to be done soon and a very bullish April.
  • #777,949
  • Mar 25, 2013 8:16pm Mar 25, 2013 8:16pm
Quoting Firstboss
I expect euro to travel to the daily PP (1.2909) or 10 pips short of there - before attempting to reach 1.27's. The lower BB on the weekly will provide a strong turnaround reason there

I am long EUR/USD @1.2856 for this retrace

Also holding EUR/JPY long since 120.69, targeting daily PP at 121.64 (minus 5 pips)

It's been a long wait, but these longs are have finally started to move in the right direction.
U/J has just crossed the daily PP, and I am safely riding EUR/JPY long to its daily PP, and a little less safe E/U to its PP
"Luxury is one of the basic needs", (c), Don Corleone
  • #777,950
  • Mar 25, 2013 8:18pm Mar 25, 2013 8:18pm
Quoting ec_creep
your first chart on the higher tf's thru that site, chief. very nice, thx so much!

loving the same candles being shown
yeah, and the TLs stay in the right place when you change TFs.. something mt4 is not good at..
  • #777,951
  • Mar 25, 2013 8:19pm Mar 25, 2013 8:19pm
Quoting Firstboss
It's been a long wait, but these longs are have finally started to move in the right direction.
U/J has just crossed the daily PP, and I am safely riding EUR/JPY long to its daily PP, and a little less safe E/U to its PP

Watch next 4H close for EU, below 1.2880s will bring more downside pressure dude.
  • #777,952
  • Mar 25, 2013 8:22pm Mar 25, 2013 8:22pm
Quoting attila
yeah, and the TLs stay in the right place when you change TFs.. something mt4 is not good at..

That is an amazing chart, I made 220 pips with it today... I don't know how to thank you...
  • #777,953
  • Edited 8:37pm Mar 25, 2013 8:26pm | Edited 8:37pm
Quoting math_GB
Watch next 4H close for EU, below 1.2880s will bring more downside pressure dude.
Good point, but I am not claiming a strong move north - merely a test of the daily PP. On 4-hr candle it looks like a tail.

EUR/JPY meanwhile is approaching daily PP (and USD/JPY is headed to R 0.5 now)
"Luxury is one of the basic needs", (c), Don Corleone
  • #777,954
  • Mar 25, 2013 8:28pm Mar 25, 2013 8:28pm
Quoting Firstboss
Good point, but I am not claiming strong move - merely a test of the daily PP. On 4-hr candle it looks like a tail.

EUR/JPY meanwhile is approaching daily PP (and USD/JPY is headed to R 0.5 now)
I am sure you remember UJ 94.30 has been very important last week.

Good luck...
  • #777,955
  • Mar 25, 2013 8:30pm Mar 25, 2013 8:30pm
Quoting math_GB
That is an amazing chart, I made 220 pips with it today... I don't know how to thank you...
no problem man... as I've shown here many times, we can slice it, dice it.. look at so many different things so many different ways.. but it all comes down how we filter it all and make trading decisions..
  • #777,956
  • Mar 25, 2013 8:34pm Mar 25, 2013 8:34pm
Quoting math_GB
I am sure you remember UJ 94.30 has been very important last week.

Good luck...
It is also the middle of BB on 1-hr - that's where it bounced from
"Luxury is one of the basic needs", (c), Don Corleone
  • #777,957
  • Mar 25, 2013 8:35pm Mar 25, 2013 8:35pm
Quoting attila
no problem man... as I've shown here many times, we can slice it, dice it.. look at so many different things so many different ways.. but it all comes down how we filter it all and make trading decisions..
Of course dude, but I must say one thing here where the difference between your charts and mine come in.

I can draw those lines as well, but when I do I miss the levels by good 30-40 pips I still haven't found out why.


Let's take your latest updated chart for instance, now I know we have 1.2790s waiting for us on the downside, when I put those lines here for some reason it looks like we have already achieved what we were supposed to and if I listen to my chart and start loading longs, I will have a few very difficult trades in front of me. Your experience and knowledge is priceless. I always feel like a newbie when I look at your posts...

Thanks for sharing dude...
  • #777,958
  • Mar 25, 2013 8:35pm Mar 25, 2013 8:35pm
This is the m5 I was looking at today..

https://www.tradingview.com/x/CZ6JEN3O/
  • #777,959
  • Mar 25, 2013 8:37pm Mar 25, 2013 8:37pm
Quoting Firstboss
It is also the middle of BB on 1-hr - that's where it bounced from
As long as it stays above 94.20, I believe your EJ will hit the target any time. EU is a little tough I know you are aiming for 1.2910, it is possible a little more difficult that is all..
  • #777,960
  • Mar 25, 2013 8:37pm Mar 25, 2013 8:37pm
Quoting attila
yeah, and the TLs stay in the right place when you change TFs.. something mt4 is not good at..
i see... i drew my daily TLs, channels thru the zoomed out hourly

Quoting math_GB
That is an amazing chart, I made 220 pips with it today... I don't know how to thank you...
much more than 220pippers, math, lol, for ~3 months. just from his food for thoughts


i'm off to work...
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