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  • #795,181
  • May 7, 2013 2:31am May 7, 2013 2:31am
Quoting Mmorpg
{quote} Looks like an obvious support to anybody. The exact number takes experience to figure out.
Well I must be wrong then. I never seen any support there! 1.311x could be the range but giving exact 1.3106 is really interesting for me..... Anyways no offense. Each have their views, study and experience.

Quoting lancedes
{quote} They both plunged earlier this morn when the RBA announced its rate cut. Do you think they will start to strengthen now against the USD?
You mean AUD and NZD? Well still NY session is there today and for me AUD/USD will touch 1.015 before going for big north which is around 1.03 and about NZD/USD, well this beast is over bought since last couple of months. It should go to .81 where it should be but there is probability that this NZD/USD can hover between .83 and .85 for some time. So "wait" for AU and "short" for NU is my call.
  • #795,182
  • May 7, 2013 2:32am May 7, 2013 2:32am
Quoting RussJ
{quote} alot higher amigo or amiga... 131 only takes us back to 130.90 then we go towards 13114/21 then retrace... then hgiher highs. Numbers based on looking at time frames and reading them correctly, its a skill that no professional teaches, i had a coahc and did he heck show me the turning the points, used to show his plans but wouldn't show how he came up with them...was vague you fib this fib that... alll you need can be seen in blank charts looking at candles and their wicks.... understanding the tmeframes and candles then you will be able...
Exactly. or unless he is your father.
  • #795,183
  • May 7, 2013 2:32am May 7, 2013 2:32am
Quoting KengLeobard
{quote} Russj, what I studied as attached but latest b wave may move bit nex candle.? {image}

I don't use Elliot Wae but i see the waves.. i read the fractals.. reading the charts and the turning points in each chart but can see where your coming from....... towards end of last week i thought we could have seen 1.2840 but that would be from the 13204 rejection i was expecting but a pro thought higher high and although i do not trust this professional advise i checked charts again and again and although we broke through support i was expecting to hold i seen more and more reasons for the long and now am sure its long etc, have looke dat the fractals, Waves, Pivots, formations of Butterflys/Gartleys, Bowls forming and they all point higher high... and the over all move on USd points to and i looked at my charts over and over and the overall move on USd says 8018 and Euro am thinking 133.80 and we ahave not trend reversed whcih i though could have happend at 132 when we get there.. thought we may go back to 128.40 then 13320 retrace then 133.80.. however now i think 131.90 takes us back say 131.20 area then the 132.04 will break probably get us to end of day 1.3215/20 and expect a small pullack on it say 1.3160.. not measured the pullback but just logical nbumbers that repeat themselves andf make sense.

I see yur charts though and can see why you think those possibilities
  • #795,184
  • May 7, 2013 2:35am May 7, 2013 2:35am
Quoting namitak007
{quote} Well I must be wrong then. I never seen any support there! 1.311x could be the range but giving exact 1.3106 is really interesting for me..... Anyways no offense. Each have their views, study and experience. {quote} You mean AUD and NZD? Well still NY session is there today and for me AUD/USD will touch 1.015 before going for big north which is around 1.03 and about NZD/USD, well this beast is over bought since last couple of months. It should go to .81 where it should be but there is probability that this NZD/USD can hover between .83 and...
We will see how it play out. The only person who can be right is EURUSD.
  • #795,185
  • May 7, 2013 2:38am May 7, 2013 2:38am
EU strength updated.
possibly E win U?
Attached Image
Smile, Breath, and Go slowly
  • #795,186
  • May 7, 2013 2:44am May 7, 2013 2:44am
everyone needs to be careful especially if you ar going to short as these resistances, the msaller ones will bust... i normally just take the trade but today i will only take certain shorts against the trend as expect most to bus/pierce then pullback.... look to reload longs as and where you think its possible thats my advice... 13122 could pullback to 13180... that would be a perfect long but i am looking at it only getting to 1.3092/95, i will be longing there.. again i expect weekly pivot to break... go slightly hgher to 1.3136/42 then pullback to 131.15.. these are logical longs and your stop should be no more than 10-15 pips.. for instance if you tookt he long on the pullback off 1.3140 area and took it at 1.3122 again logical your stop would be 131.10 slightly hgher 12 pips.. but i would look for close to 1.3115 and stop 1.3108 as spread and all that crap.. anyway best og luck for everyone... looks like 09.15Am we will get the moves, one way or another as its pretty jammed up currently and lots of traffic lights to the upside.... 131 should pullback to 130.90 as well for those who are not in so on the retrace 1.3090 could be a good but but you will get another chance at this level of 131.22 that should retrace there as well.. i still expec euro upside even if we push down slighly aas USd could go tag the pivot quite possible then fall
  • #795,187
  • May 7, 2013 3:04am May 7, 2013 3:04am
Quoting RussJ
everyone needs to be careful especially if you ar going to short as these resistances, the msaller ones will bust... i normally just take the trade but today i will only take certain shorts against the trend as expect most to bus/pierce then pullback.... look to reload longs as and where you think its possible thats my advice... 13122 could pullback to 13180... that would be a perfect long but i am looking at it only getting to 1.3092/95, i will be longing there.. again i expect weekly pivot to break... go slightly hgher to 1.3136/42 then pullback...
Man you are here from some 2 weeks and blambering in continuous for the last 2 days... but I don't understand anything ... put a chart :nerd:
  • #795,188
  • May 7, 2013 3:07am May 7, 2013 3:07am
Quoting RussJ
{quote} Pair Me Up.. Fractals are the different timeframes and understanding where each flip point is on each time fram.. so for instance when it hits say 1.3190 that will be a resistance on all charts but if you understand the fractals it will be acertain chart that that area is for and then you will understand ultimately where it will be supported and picked back up to go higher high, everything else can be traded but understanding your goal where its final destination is and where it will be ultimately supported. Unfortunately you have to learn...
If no one gives it up, how does one know that it exist? Are there any books about it?
Luck has no place in trading. Leave that for the poker table.
  • #795,189
  • May 7, 2013 3:07am May 7, 2013 3:07am
There's charts up :nerd: ..... Blabbering as trading is boring....... and need something to do.. but at least my blabering is worthwhile to some people
  • #795,190
  • May 7, 2013 3:10am May 7, 2013 3:10am
Quoting RussJ
{quote} Kuroro if its something i want to happen and its happening i must be god, because my predictions happen to the pip.... ask anyone in this room/forum

I remember a poster named Cloggie saying he was a forex god. He could make calls to the pip and also, explain the fundies super well as also.
Are you him reincarnated on FF?
Luck has no place in trading. Leave that for the poker table.
  • #795,191
  • May 7, 2013 3:11am May 7, 2013 3:11am
Quoting RussJ
There's charts up :nerd: ..... Blabbering as trading is boring....... and need something to do.. but at least my blabering is worthwhile to some people
If you think so
Because understanding what you say is the hardest part.

A chart would clear the mystery.
COT: The precious data ignored
  • #795,192
  • May 7, 2013 3:12am May 7, 2013 3:12am
Quoting diggo
{quote} Some advice.. Next time during a rate cut (or any other big news announcement), place a "guaranteed" stop loss. It will cost you a little extra, but it is well worth it. Essentially, it is insurance to protect you from any slippage. Trust me, I was once burned with some huge slippage too
Hmm, don't think my broker offers guaranteed stops... something to think about...
A journey of a thousand miles begins with a single step. Lao-tzu
  • #795,193
  • May 7, 2013 3:15am May 7, 2013 3:15am
Why is the market so slow again today at this time, is London closed again today? Any news ppl might be wating for, soon? I checked the calendar and there is nothing.
  • #795,194
  • Edited 3:29am May 7, 2013 3:15am | Edited 3:29am
Quoting tsujigiri
{quote} Hmm, don't think my broker offers guaranteed stops... something to think about...
you have to allow extra 10 ~ 20 pip from your actual stop, this how i calculate risk during special event. only hand full of brokers offer guaranteed stops, it's like insurance cost you premium
Mohan
  • #795,195
  • May 7, 2013 3:16am May 7, 2013 3:16am
Quoting RussJ
There's charts up :nerd: ..... Blabbering as trading is boring....... and need something to do.. but at least my blabering is worthwhile to some people
I hope so because I am long and when I see you are long too ... this brings me panic
  • #795,196
  • May 7, 2013 3:16am May 7, 2013 3:16am
Quoting Pair-me-up
{quote} If no one gives it up, how does one know that it exist? Are there any books about it?

pair me up.. unfortunately there's not... no one give it up... there's schools and educators outt here, they use fractals but they don't teach the students, they flabber gastthem with fib this and fib that.. crosses on ema's when they don't use them.. they may have a look for voerlap but trust me they don't use them.

no books on it mate... it exists as professionals will speak of multi time frame analysis but not tell you how to read it... lucky my previous coach give me a bollocking as he thought my probs were trader pysch when i couldn;t trade at the time and i tried to be patience and not enter trade and drew lines verywhere.... i learnt the fractals via lines, other people learn it via fibs.... we know by looing at a chart where it will be supported, which candle bottom or top or wick etc and when it hits there where its meant to go and get retraced etc.

It takes time.. but like i aid i had it within 8 months but didn't make a diffeerence for me till 19 months when i started to control my patience, discilpine and self control.... Understanding the turning points is a great help, but you can make money just off a siingle time frame... but if you understand multi time frame analysis (Fractals) you will understand where your enemy is and which way you should be gunning. not sure how you leanr it unless you get a coach or someone that is willing to teach you but you will pay for that privilage and am sure there are alot of coaches that won;t teach you will blabber over the truth. If anyone is going down the coach route ask them specifically will they teach them ow to specifically read the fractals other than that you could just try and work it out yourself or pay someone that will teach you that understands it but again you will pay as its not on the market for sale etc
  • #795,197
  • May 7, 2013 3:17am May 7, 2013 3:17am
Quoting EuroTrader
{quote} I hope so because I am long and when I see you are long too ... this brings me panic
COT: The precious data ignored
  • #795,198
  • May 7, 2013 3:19am May 7, 2013 3:19am
hey RussJ;

What technical studies you used? can you help me read this thing called Fibonacci Fan,
Can you help me with this?
thank you so much RussJ

your friend here..
  • #795,199
  • May 7, 2013 3:20am May 7, 2013 3:20am
Man I can't read such a long text ... more than 20 words is too much for me


Quoting RussJ
{quote} pair me up.. unfortunately there's not... no one give it up... there's schools and educators outt here, they use fractals but they don't teach the students, they flabber gastthem with fib this and fib that.. crosses on ema's when they don't use them.. they may have a look for voerlap but trust me they don't use them. no books on it mate... it exists as professionals will speak of multi time frame analysis but not tell you how to read it... lucky my previous coach give me a bollocking as he thought my probs were trader pysch when i couldn;t...
  • #795,200
  • May 7, 2013 3:26am May 7, 2013 3:26am
Quoting RussJ
{quote} pair me up.. unfortunately there's not... no one give it up... there's schools and educators outt here, they use fractals but they don't teach the students, they flabber gastthem with fib this and fib that.. crosses on ema's when they don't use them.. they may have a look for voerlap but trust me they don't use them. no books on it mate... it exists as professionals will speak of multi time frame analysis but not tell you how to read it... lucky my previous coach give me a bollocking as he thought my probs were trader pysch when i couldn;t...

Are you saying we should learn something like this, http://fractaltrendtrader.com/trend-...91461181640625 to master price action?
Luck has no place in trading. Leave that for the poker table.
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