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  • #797,801
  • May 14, 2013 9:08pm May 14, 2013 9:08pm
Quoting diggo
{quote} Anyone beginning to think the retrace to 1.3029 was enough for a big bear resumption? The euro has a personality of going back to the mid almost all of the time. This time seems to be an exception. I've been waiting and waiting to short this turd but it just won't let me enter.
more like 3097. I think gator had that number, not sure.
  • #797,802
  • May 14, 2013 9:10pm May 14, 2013 9:10pm
Quoting attila
{quote} more like 3097. I think gator had that number, not sure.
Yeah that's the one. Been trying to work out how he arrived at that number but it's doing my head in.
  • #797,803
  • May 14, 2013 9:12pm May 14, 2013 9:12pm
Quoting diggo
{quote} Yeah that's the one. Been trying to work out how he arrived at that number but it's doing my head in.
it's simple. I'm sure you'll figure it out... It's the man's method, so I will not elaborate.
  • #797,804
  • May 14, 2013 9:18pm May 14, 2013 9:18pm
Quoting GreatNorth
For Bulls, look into buying at 1.2922
Back at 1.2922 ---> Double Bottom perhaps.
  • #797,805
  • May 14, 2013 9:20pm May 14, 2013 9:20pm
Quoting GreatNorth
{quote} Back at 1.2922 ---> Double Bottom perhaps.
If 'Bounce' fail 1.2875 is possible..
  • #797,806
  • May 14, 2013 9:24pm May 14, 2013 9:24pm
Quoting greatnorth
{quote} back at 1.2922 ---> double bottom perhaps.
what happens when it is a double bottom?
  • #797,807
  • May 14, 2013 9:24pm May 14, 2013 9:24pm
Quoting GreatNorth
{quote} Accuracy is within a few pips of the levels. For example, the low is 2919, my target based on fibs was 2922. You can also observe that the price dropped about 20 pips in seconds and is now hovering around that level. Makes me assume the algos wanted to target that level just before 5pm NYT.
ypp at 2909
those who can, do. those who cant, talk about those who can
  • #797,808
  • May 14, 2013 10:12pm May 14, 2013 10:12pm
Quoting Mahfooz
{quote} what happens when it is a double bottom?
it reverses.

Point is, market takes a dive, then it bounces back by the same amount on the following candlestick.
(It appears as a doji on higher time frames)

Theory is that support has held, and market reverses and new trend starts in opposite direction, i.e. up
Even the worst trade can close with profit. Just give it time.
  • #797,809
  • May 14, 2013 10:16pm May 14, 2013 10:16pm
Moving up now....
  • #797,810
  • May 14, 2013 10:25pm May 14, 2013 10:25pm
Quoting John Gray
{quote} it reverses. Point is, market takes a dive, then it bounces back by the same amount on the following candlestick. (It appears as a doji on higher time frames) Theory is that support has held, and market reverses and new trend starts in opposite direction, i.e. up
thanks and double top means it should go down?
  • #797,811
  • May 14, 2013 10:33pm May 14, 2013 10:33pm
Support. Resistance, double top, double bottoms, bounces all suggest -> trading in a channel with a ceiling and floor - not necessarily a flat one either. Analysis of price varience to define that channel (such as standard deviation around a regression or spline for example) is your key to success.
  • #797,812
  • May 14, 2013 10:36pm May 14, 2013 10:36pm
Quoting PipVip
Moving up now....
up for a little bit, see what happen after it reaches 1.2950
Everything in the world has its own rhytms
  • #797,813
  • May 14, 2013 10:43pm May 14, 2013 10:43pm
Quoting Mahfooz
{quote} thanks and double top means it should go down?
double top means resistant and double bottom means support. we need at least 2 point to draw trendline, Support and Resistant. the more point the more valid that trend/Support/Resistant lines

do not say double bottom means price will go up, and double top price will go down.
the market only retest that price. once double bottom/top line is broken, it might give a slight price jump.
Everything in the world has its own rhytms
  • #797,814
  • May 14, 2013 11:07pm May 14, 2013 11:07pm
Hi all,


My outlook again on the EURUSD, hasn't changed. Still Head and Shoulders Pattern.


Target 1: 1.2480 Target 2: 1.2285
Attached Image
Even the worst trade can close with profit. Just give it time.
  • #797,815
  • May 14, 2013 11:11pm May 14, 2013 11:11pm
Price is at a critical level on my monthly. A break below 1.29349 makes me even more bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: critical.gif Size: 104 KB
Time turns trend. - W.D. Gann
  • #797,816
  • May 14, 2013 11:15pm May 14, 2013 11:15pm
Quoting ForExtraPips
Price is at a critical level on my monthly. A break below 1.29349 makes me even more bearish. {image}

i have 2 4h rejection but body size similar to 5m candle
Mohan
  • #797,817
  • May 14, 2013 11:18pm May 14, 2013 11:18pm
Quoting mohan76
{quote} i have 2 4h rejection but body size similar to 5m candle
That's why I'll just put a sell stop right below that level with a tight sl and go from there.
Time turns trend. - W.D. Gann
  • #797,818
  • May 14, 2013 11:52pm May 14, 2013 11:52pm
Quoting COopa
{quote} double top means resistant and double bottom means support. we need at least 2 point to draw trendline, Support and Resistant. the more point the more valid that trend/Support/Resistant lines do not say double bottom means price will go up, and double top price will go down. the market only retest that price. once double bottom/top line is broken, it might give a slight price jump.
nicely explained, thank you
  • #797,819
  • May 15, 2013 12:02am May 15, 2013 12:02am
Intraday Trade Setup -
Attached Image (click to enlarge)
Click to Enlarge Name: testtesttest.png Size: 34 KB
Fools Rushing
  • #797,820
  • May 15, 2013 12:29am May 15, 2013 12:29am
UP or DOWN !

http://upload.tehran98.com/img1/hlk4e4sf8qyacw50x3g.jpg
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