Today's scalping tip: Just go opposite every 5 min e/u candle close. 
In other news: A ranger was trapped between a bull and a bear
- #798,362
- May 16, 2013 3:32am May 16, 2013 3:32am
{quote} Against my better judgement, I took a long and saved 6 pips. Small sl. I hoped to lose it thought, so next time I dont try it again. Guess adrenalin takes the best of us sometimes
Get ready for CPI boys. 27 minutes.
- #798,363
- May 16, 2013 3:33am May 16, 2013 3:33am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} looks bye bye supportgood place for long term trader to take trade with wide top not for us
Volume is growing at the bottom, it could be buyers, just waiting for a strong setup for a retrace up.
You mean good place for longs ?
COT: The precious data ignored
- #798,365
- May 16, 2013 3:34am May 16, 2013 3:34am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
{quote} Not yet
Mohan
- #798,368
- May 16, 2013 3:39am May 16, 2013 3:39am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
{quote} Like this ?{image}
i hope you have trail , it's good to move s/l secure some profit , you never know who will say what while we are sleeping
Mohan
- #798,369
- May 16, 2013 3:40am May 16, 2013 3:40am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
still on a 20 pips range in the morning and quite boring to watch today, maybe till the US open later
Mohan
- #798,372
- May 16, 2013 3:43am May 16, 2013 3:43am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #798,375
- May 16, 2013 3:49am May 16, 2013 3:49am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
{quote} Not yet
Kuroro, was thining about the tick chart. I think a good tick chart would be a two toned bar. One color that would represent the bid tick and one to represent the ask tick. or maybe one bar split in the middle with two tones and bid and ask tick. That might really let someone see who the buyers and sellers are. What do you think? Is it possible to program something like that?
Luck has no place in trading. Leave that for the poker table.
- #798,376
- May 16, 2013 3:50am May 16, 2013 3:50am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} For something that doesn't matter. Well.. it got your attention. Also, those are very important S/R levels for reading price action com padre! Once you have the correct S/R levels, you will see that all pairs consistently stop and go withing this levels. I usually go back 20 years back on a chart to program my levels.. or however far back I can go. Some people call them Ass charts. Trying making some and you will see it is a pain in the ass to do, but very good for PA. Good Luck Citizen.
This one of my monthly charts I post every couple months, not much changes, but always worth keeping eyeball on
She breached a rising tl end of Feb and continue push down March, April did rally and had good potential for much higher, but May is holding her for now, if bulls cant defend March April lows they will be in big trouble targeting 2619 then huge support 2131. if the lows hold is every potential to target 3108 then 3596 if she get to or about 4081 and that holds pa will still be "bearish"
So for now on Monthly shes in no mans land, potential for big moves both ways, to far from supports t
o buy and too close to supports to sell so I gues we are building a new range between Aprils Open and Mays Open
If you are new to Forex? Say Goodbye to your account!!
{quote} Kuroro, was thining about the tick chart. I think a good tick chart would be a two toned bar. One color that would represent the bid tick and one to represent the ask tick. or maybe one bar split in the middle with two tones and bid and ask tick. That might really let someone see who the buyers and sellers are. What do you think? Is it possible to program something like that?
someone is looking for Holy Grail
- #798,380
- May 16, 2013 3:56am May 16, 2013 3:56am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
{quote} Kuroro, was thining about the tick chart. I think a good tick chart would be a two toned bar. One color that would represent the bid tick and one to represent the ask tick. or maybe one bar split in the middle with two tones and bid and ask tick. That might really let someone see who the buyers and sellers are. What do you think? Is it possible to program something like that?
bids and asks are the same if you look at the chart, unless there is a big event, then the spead will get bigger and it'll look different.
On my chart bid/ask are moving in sync, as for any buyers there is a seller.
You can maybe code that if you have access to order books from banks
Or maybe i haven't understood well what you meant.
COT: The precious data ignored