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NZD/USD

  • #1,641
  • May 1, 2013 2:38am May 1, 2013 2:38am
Okay! great! I am really getting confused while I was doing my homework on these patterns. Please can you explain, say how you can say "C" is there for fix. means it's volatile market it can pass A and make new high and that time the pattern will change. Sorry if I am making some dumb statement but that's what I missed in my last attempts in demo account!
  • #1,642
  • May 1, 2013 2:53am May 1, 2013 2:53am
Quoting namitak007
Okay! great! I am really getting confused while I was doing my homework on these patterns. Please can you explain, say how you can say "C" is there for fix. means it's volatile market it can pass A and make new high and that time the pattern will change. Sorry if I am making some dumb statement but that's what I missed in my last attempts in demo account!
As I have already stated as long as price respects 78.6 or last chance 88.6 Fib Garltey pattern is still valid.If Price goes above then pattern is void.Then we might be looking
Double Tops and that's another classic pattern along with head and shoulders.
Google those patterns and study them.Patterns are only points of interests.To me Gartley patterns are most powerful.Read about him along with Richard Donchian (father of trend following),Jesse Livermore (Pivot Trader)
Trading is endless occupation.I read constantly and with pleasure.I love everything about trading including the stress.One must except what it is.
In trading, you have to be defensive and aggressive at the same time
  • #1,643
  • May 1, 2013 3:06am May 1, 2013 3:06am
bearish or bullish dragon pattern should be detected first to minimize risk ... and some use BAMM schema to trade from C to D to minimize risk just imho aniway

http://www.forexstrategiesresources....ragon-pattern/
http://www.trade-forex-harmonic-patt...t-pattern.html

Quoting namitak007
Okay! great! I am really getting confused while I was doing my homework on these patterns. Please can you explain, say how you can say "C" is there for fix. means it's volatile market it can pass A and make new high and that time the pattern will change. Sorry if I am making some dumb statement but that's what I missed in my last attempts in demo account!
not euphoria follower
  • #1,644
  • May 1, 2013 7:26am May 1, 2013 7:26am
Quoting iqyu5an
bearish or bullish dragon pattern should be detected first to minimize risk ... and some use BAMM schema to trade from C to D to minimize risk just imho aniway http://www.forexstrategiesresources....ragon-pattern/ http://www.trade-forex-harmonic-patt...t-pattern.html {quote}
Consolidating above previous swing high, so still looks kind of bullish

Have a great week dude
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 30 KB
Come with me if you want to live....
  • #1,645
  • Edited 9:52am May 1, 2013 9:28am | Edited 9:52am
closed partially for 60 pips at 850x as a plan buddy. have some other position running for C point of bullish shark pattern around 84xx. will re evaluate there...

wish me luck buddy..




Quoting Ill-b-back
{quote} Consolidating above previous swing high, so still looks kind of bullish Have a great week dude {image}
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmh4.png Size: 49 KB
not euphoria follower
  • #1,646
  • May 1, 2013 3:15pm May 1, 2013 3:15pm


Goodluck brother, nicely done...
Come with me if you want to live....
  • #1,647
  • May 1, 2013 10:22pm May 1, 2013 10:22pm
What the heck is with NZD/USD? 0.8481 becoming the strong support! I was expecting it to brake after HSBC bad results. Well it seems another "waiting" day! I hope NY session will make some serious drop!
  • #1,648
  • May 1, 2013 10:29pm May 1, 2013 10:29pm
Quoting namitak007
What the heck is with NZD/USD? 0.8481 becoming the strong support! I was expecting it to brake after HSBC bad results. Well it seems another "waiting" day! I hope NY session will make some serious drop!

Check your daily chart. IMO the 84.80 zone was strong resistance on the way up so its not surprising that it acts as support on the way down, at least for a little while.
  • #1,649
  • Edited 11:08pm May 1, 2013 10:53pm | Edited 11:08pm
hi mate.. sorry just be online here... was tired and get sleep too much hehee

already clear all out last night ( gmt + 7 ) before getting sleep at 849x. i saw little bullish butterfly there.

waiting another setup. no straight line yaaa buddy ...

dedicated for your little and lovely daughter...

Inserted Video




Quoting Ill-b-back
Goodluck brother, nicely done...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15.png Size: 50 KB
not euphoria follower
  • #1,650
  • May 2, 2013 12:24am May 2, 2013 12:24am
I'm short at .8484
FF journal: Peaks and Troffs
  • #1,651
  • May 2, 2013 12:28am May 2, 2013 12:28am
Quoting bogus
I'm short at .8484
Good but I will wait till it breaks the strong support of .848

Meanwhile I am scalping with shorts from 0.8495 to 0.8483
Made 30 pips in that range
  • #1,652
  • May 2, 2013 12:46am May 2, 2013 12:46am
Quoting namitak007
{quote} Good but I will wait till it breaks the strong support of .848 Meanwhile I am scalping with shorts from 0.8495 to 0.8483 Made 30 pips in that range
Nice I got in half my normal size and have pendings below that level. I might have been a bit early but have a feeling about it. Good luck.
FF journal: Peaks and Troffs
  • #1,653
  • May 2, 2013 12:51am May 2, 2013 12:51am
Quoting bogus
{quote} Nice I got in half my normal size and have pendings below that level. I might have been a bit early but have a feeling about it. Good luck.
Yup! I have pending short at 0.8475 with target 0.843 but this s*it will not come that quickly. It will make some dance on 5mn chart and then I guess we can go for good "short" hunt! Remember last time it went below 0.84 and in next couple of hours back to 0.85

By just hope for big sell off I am shorting it whenever I see opportunity! This pair proven me wrong many times so I a bit gambling on this
  • #1,654
  • May 2, 2013 1:00am May 2, 2013 1:00am
Quoting namitak007
{quote} Yup! I have pending short at 0.8475 with target 0.843 but this s*it will not come that quickly. It will make some dance on 5mn chart and then I guess we can go for good "short" hunt! Remember last time it went below 0.84 and in next couple of hours back to 0.85 By just hope for big sell off I am shorting it whenever I see opportunity! This pair proven me wrong many times so I a bit gambling on this
The 15 minute peaks are getting lower, the pressure is building....It's at the weekly open level. OR, on the other side of the coin, is it building up pressure to be released to the upside?? I don't pretend to know, I'm just following the charts.:nerd:
FF journal: Peaks and Troffs
  • #1,655
  • May 2, 2013 1:20am May 2, 2013 1:20am
check where the weekly pivot and 50 of weekly fib. where are we ?
not euphoria follower
  • #1,656
  • May 2, 2013 1:49am May 2, 2013 1:49am
Quoting bogus
{quote} The 15 minute peaks are getting lower, the pressure is building....It's at the weekly open level. OR, on the other side of the coin, is it building up pressure to be released to the upside?? I don't pretend to know, I'm just following the charts.:nerd:
Well I'm going to try a long trade off this demand zone. Target 0.8530

Will see how this goes


m30 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 33 KB
  • #1,657
  • May 2, 2013 1:56am May 2, 2013 1:56am
Quoting iqyu5an
check where the weekly pivot and 50 of weekly fib. where are we ?
We are below the Monthly and the daily.
FF journal: Peaks and Troffs
  • #1,658
  • May 2, 2013 2:03am May 2, 2013 2:03am
where the weekly ?

Quoting bogus
{quote} We are below the Monthly and the daily.
not euphoria follower
  • #1,659
  • May 2, 2013 2:09am May 2, 2013 2:09am
Quoting iqyu5an
where the weekly ? {quote}
I don't take much notice of pivots ,thats not how I trade. Are you saying a weekly pivot trumps a Daily and a monthly?
Meanwhile, price is moving down.
FF journal: Peaks and Troffs
  • #1,660
  • May 2, 2013 2:16am May 2, 2013 2:16am
i did not say that ....there is always bull and bear...

am a bear fans..also but i dont like this level for short ( even there is down move... it's ok ) but i will not take this level

Quoting bogus
{quote} I don't take much notice of pivots ,thats not how I trade. Are you saying a weekly pivot trumps a Daily and a monthly? Meanwhile, price is moving down.
not euphoria follower
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