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  • #795,061
  • May 6, 2013 6:06pm May 6, 2013 6:06pm
I'm looking at the charts - for different Majors & crosses ... couldn't come up with an indication for direction. Only EURJPY Daily spinning top is the only thing i found.
"It's the Margin, Stupid."
  • #795,062
  • May 6, 2013 6:17pm May 6, 2013 6:17pm
Quoting sarasxxx
Hello everyone, I am back to trading after a pause so trying to get a refresh on the markets. Is there anyone using MasterForex or similar wave strategies ? My current wiew on EU is Down to 2990 tomorow on H4 and further to around 2940 on H8. Thank you for any insights {image} {image}

RSX your very welcome and your stop size is perfect.. if you are taking the ones with 5 pips stop you just take it and know the area it will flip... i said yesterday or today dependant where in the world you are... 130.58/53.. it flipped at 1.3054... 53 was the bottom and 58 was the top.. i suggested to a member who was holding out for 1.3050 that despite the pivto being at 1.3045 he may be left waiting as i ahve done in the past...no later than Friday, I deeemed as per my posts Friday 1.3160 was the sell but greed I can definitely say seen the pivot at 1.3065 and i was left waiting and missed the Short.. eventually taking th eShort Yesyerday/today at 1.3040 a ssuggested Short would take place between 1.3039/45... although when we are talking specifically of 5 - 6 pips you just take the trade but i have been impressed with the 5 minute confirmation and belief you can get it with confirmation with 8 - 12 pips but there is nothing wrong with anything under 20 pips

Yep agree if you are scaling in and out you for longer term you need to fully understand the turning points, failure not too is detrimental, if the Support or resistance breaksyou either exit or you await the pullback and then exit as you will deem it trend change as you are picking the exact turning points in the Fractals and whereby price should turn.


As regarding the Euro to me still looking to Sell 1.31 down to 1.3070.. the 4 hour looks like a Bearish Butterfly and the Sell coming close to 1.32 whereby i expect it to pullback to 1.3120 if 1.3180 doesn;t pull it back there first. I will rebuy the long side at 1.3070 adding to my long entries that have taken since Friday but been scaled at 1.3040.... again I then see a pullback off 1.3128/38 back to 1.3095... I may take the short but will definitely tae the long unless something is off.. but am eyeballing 132.15 which is a break above 1.3204 as the next move and then the next pullback.

Over and out R
  • #795,063
  • May 6, 2013 6:18pm May 6, 2013 6:18pm
Hey more importanlty than the Euro.... Man United transfer targets.. anyone have any ideas who we will be buying this year???? Thinking 25M and Hernandez for Falcao
  • #795,064
  • May 6, 2013 6:21pm May 6, 2013 6:21pm
Quoting RussJ
Hey more importanlty than the Euro.... Man United transfer targets.. anyone have any ideas who we will be buying this year???? Thinking 25M and Hernandez for Falcao
ive heard a humor about lewandowski, i'm pretty sure Bayern wanted him, but they dont wanna sell too many players to main rival.
How to Win at Sports Betting: DON'T DO IT!
  • #795,065
  • May 6, 2013 6:26pm May 6, 2013 6:26pm
Yeah VTM.. heard about Lewandowski but much prefer to ahve Falcao myself.. also alot of talk about Ronaldo going home aswell... looking forward to a big summer for united i hope
  • #795,066
  • May 6, 2013 6:34pm May 6, 2013 6:34pm
My first post on FF. Been hanging around forever. I couldn't resist this H&S pattern Euro/Usd 4hr chart.


Attached Image
  • #795,067
  • May 6, 2013 7:01pm May 6, 2013 7:01pm
Quoting gatorinla
{quote} norm can be a mid or the center of a mofu.. i posted 2 scenarios last week.. bull or bear. green for bulls, red for bears. bears want to close sub 3030 on 2.5 h to have a 4h cross.
1 h left
those who can, do. those who cant, talk about those who can
  • #795,068
  • May 6, 2013 7:07pm May 6, 2013 7:07pm
Quoting rwr
My first post on FF. Been hanging around forever. I couldn't resist this H&S pattern Euro/Usd 4hr chart. {image}

If you look to your left on your chart, you will see that your H&S is currently within a sideways market. So, not as strong. But then again, it's a coin toss. Stronger H&S are at the bottoms and tops of trends. It is a reversal pattern.
Luck has no place in trading. Leave that for the poker table.
  • #795,069
  • May 6, 2013 7:11pm May 6, 2013 7:11pm
Quoting Pair-me-up
{quote} If you look to your left on your chart, you will see that your H&S is currently within a sideways market. So, not as strong. But then again, it's a coin toss. Stronger H&S are at the bottoms and tops of trends. It is a reversal pattern.
Oh...you are correct sir...my goodness my... first post was loser
  • #795,070
  • May 6, 2013 7:16pm May 6, 2013 7:16pm
Quoting gatorinla
{quote} norm can be a mid or the center of a mofu.. i posted 2 scenarios last week.. bull or bear. green for bulls, red for bears. bears want to close sub 3030 on 2.5 h to have a 4h cross.
closing sub 3025.7 is much stronger for bears. above that is above the bull L mofu.. still a valid bear cross.. but less decisive.
those who can, do. those who cant, talk about those who can
  • #795,071
  • May 6, 2013 7:31pm May 6, 2013 7:31pm
Can anybody explain to me why EURO didn't retrace going up?
  • #795,072
  • May 6, 2013 7:33pm May 6, 2013 7:33pm
10 am Friday 1.24835
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Click to Enlarge Name: Friday.png Size: 41 KB
Founder of Sutherland Wave Principle
  • #795,073
  • May 6, 2013 7:35pm May 6, 2013 7:35pm
Quoting Andrew007
Can anybody explain to me why EURO didn't retrace going up?
We are in an extension.
Founder of Sutherland Wave Principle
  • #795,074
  • May 6, 2013 8:01pm May 6, 2013 8:01pm
Quoting suthmo
{quote}We are in an extension.
My guess was low liquidity in the market yesterday along with Draghi's verbal intervention to weaking the Euro, by letting it be known that the rate can be cut again. That is what I think. Back to you.
Luck has no place in trading. Leave that for the poker table.
  • #795,075
  • May 6, 2013 8:06pm May 6, 2013 8:06pm
I´m bearish. I think it will hit 1.30000 today.
  • #795,076
  • May 6, 2013 8:10pm May 6, 2013 8:10pm
mmm looking at shorting the loonie and longing the toonie. Any other brave souls out there?
Know when to hold em, Know when to fold em!
  • #795,077
  • May 6, 2013 8:13pm May 6, 2013 8:13pm
Quoting gatorinla
{quote} closing sub 3025.7 is much stronger for bears. above that is above the bull L mofu.. still a valid bear cross.. but less decisive.
looks like flat or slightly bullish
those who can, do. those who cant, talk about those who can
  • #795,078
  • May 6, 2013 8:14pm May 6, 2013 8:14pm
Quoting gatorinla
{quote} closing sub 3025.7 is much stronger for bears. above that is above the bull L mofu.. still a valid bear cross.. but less decisive.
didn't get the close, looks like flat or slightly bullish
those who can, do. those who cant, talk about those who can
  • #795,079
  • May 6, 2013 8:22pm May 6, 2013 8:22pm
Quoting gatorinla
{quote} its bearish under 99.88... atm we are under 99.88... we have a possible s atm as long as we are under 99.44,, atm at 99.33 if we break 99.44 H then 99.71 is a target as long as we dont break 99.13 first. .. so a s now risks 10 pips + spread. if we do break 99.13 L.. after a bounce look for 98.85..... we do have a valid target for 99.77... this one is the better r/r short... since it voids over 99.88... its retrace may be 97.67 if short gets voided. .. if it were the eu, but the uj has less retrace. a short after 99.77[size=3][color=Red]...
.. we got this.. the uj has less bounce then the eu... if we go to 99.28 now, (up to 99.44) a reason to short has merit for 98.85
those who can, do. those who cant, talk about those who can
  • #795,080
  • May 6, 2013 8:23pm May 6, 2013 8:23pm
Quoting Vtmn
{quote} say squeeeeeeeze
squeeeeeeeeeeeeeeeeeze
How to Win at Sports Betting: DON'T DO IT!
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