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  • #799,821
  • May 21, 2013 10:45pm May 21, 2013 10:45pm
Or you can draw your trend lines by angle. 45 degree angle with the low. And a 315 angle with the current high. 1.2904 area is the make or break. Buy the bounce or sell the break. It looks like price is lining up just right for Ben tomorrow.
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Time turns trend. - W.D. Gann
  • #799,822
  • May 21, 2013 10:46pm May 21, 2013 10:46pm
Quoting attila
{quote} I know you were talking about something else, but when it comes to TL, everybody's drawing them left to right. I draw them the other way. In other words I'm interested if NOW has any connection with the past.
No, I know what you mean. It's a good point. The 3rd touch of the TL has too much error to call it to the pip. Working backwards is probably better.
  • #799,823
  • Edited 11:08pm May 21, 2013 10:52pm | Edited 11:08pm
Quoting diggo
{quote} No, I know what you mean. It's a good point. The 3rd touch of the TL has too much error to call it to the pip. Working backwards is probably better.
I'm looking for specific things when it comes to the main ones. Those are my roadmap. Not really trading them.. more of if it closes here, then do this kind of things. The 3 touch works to the fraction of pip, but you have to know WHEN. Then there are up touches, and there are down touches, and then when the two match a third stab into a low/high of the day/session, you can bet the farm because the SL is the spread.. If one uses TL as they teach them, then.. oh they are only good to stay out of the trade because when everyone sees them, then you have a fight around them, sure way to lose money.

Edit: the 3 touches and 3 stabs are two different things, each with its own purpose.
One other thing.. When used for precision entries, it is a good idea to have a good charting package (mt4 is the worst of the worst). I sometimes draw them between 2 adjacent candles, and as you can imagine one pixel off, will turn into 20 pips 10 candles later.. That's my tip of the day.

Disclaimer: learned these from someone else.
  • #799,824
  • May 21, 2013 11:08pm May 21, 2013 11:08pm
Quoting attila
{quote} I'm looking for specific things when it comes to the main ones. Those are my roadmap. Not really trading them.. more of if it closes here, then do this kind of things. The 3 touch works to the fraction of pip, but you have to know WHEN. Then there are up touches, and there are down touches, and then when the two match a third stab into a low/high of the day/session, you can bet the farm because the SL is the spread.. If one uses TL as they teach them, then.. oh they are only good to stay out of the trade because when everyone sees them,...
Thanks attila. I had to read this a couple of times, but I think I've got what you mean. I need to go check the charts again to find an example...
  • #799,825
  • May 21, 2013 11:12pm May 21, 2013 11:12pm
And I've been short btw.
  • #799,826
  • May 21, 2013 11:13pm May 21, 2013 11:13pm
Quoting diggo
{quote} Thanks attila. I had to read this a couple of times, but I think I've got what you mean. I need to go check the charts again to find an example...
I posted some charts a couple of pages back. Those are the 3 stabs. They are NOT the 3 touches.
  • #799,827
  • May 21, 2013 11:19pm May 21, 2013 11:19pm
Great, I'll take a look.
  • #799,828
  • May 21, 2013 11:37pm May 21, 2013 11:37pm
Pips Hunting begins; 30 Pips target

Got +2 Pips in last trade
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Love for all; Hatred for none.
  • #799,829
  • May 21, 2013 11:43pm May 21, 2013 11:43pm
I'll leave you with this. 3 touches..Recent m15 chart. TL were drawn from the first candle to the second candle of the TL. The rest are 3 (or more) touches. One can say whatever they want.. If drawn correctly (and not how they teach you), and if you know what to look for, they work more often than not (and that's all we need).

For how many pips were these good for? Wondering why we stopped here, .. Closed my short.



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  • #799,830
  • May 21, 2013 11:44pm May 21, 2013 11:44pm
Morning , Just an update :

http://www.forexfactory.com/showthre...79#post6697179

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #799,831
  • May 21, 2013 11:57pm May 21, 2013 11:57pm
Quoting diggo
Great, I'll take a look.
peeked at oanada. its at 9871
those who can, do. those who cant, talk about those who can
  • #799,832
  • May 22, 2013 12:34am May 22, 2013 12:34am
Both the areas are possible target for me. Hmm !! Interesting to get on to a hedge. With a good R/R of course. Any Ideas People ?
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Fools Rushing
  • #799,833
  • May 22, 2013 2:16am May 22, 2013 2:16am
Morning,

Sellers at the top...so i'm selling rallies for now.

Eyeing for 1,286x
COT: The precious data ignored
  • #799,834
  • May 22, 2013 2:21am May 22, 2013 2:21am
Quoting kuroro001
Morning, Sellers at the top...so i'm selling rallies for now. Eyeing for 1,286x
I am with the buyers for now. As per my strategy a,, Strong Buyers are in Play now. Hope it'll go my way for the day ahead.

Cheers
Fools Rushing
  • #799,835
  • May 22, 2013 2:31am May 22, 2013 2:31am
Quoting kuroro001
Morning, Sellers at the top...so i'm selling rallies for now. Eyeing for 1,286x
Morning strong resistance 2932 and want to see lows but for the starter 2888
Loosening is not an option
  • #799,836
  • May 22, 2013 2:33am May 22, 2013 2:33am
Quoting MTF Test
{quote} I am with the buyers for now. As per my strategy a,, Strong Buyers are in Play now. Hope it'll go my way for the day ahead. Cheers
Everything's possible.

Let's see if we can get another batch of sellers...the only thing i don't like is we haven't hit 1,2942+

Buyers are at 1,2900/05, it may be the first hurdle to go through for a a move down.
COT: The precious data ignored
  • #799,837
  • May 22, 2013 2:35am May 22, 2013 2:35am
Quoting kuroro001
Morning, Sellers at the top...so i'm selling rallies for now. Eyeing for 1,286x
with you on that mate
looking for investors . pm me
  • #799,838
  • May 22, 2013 2:35am May 22, 2013 2:35am
Quoting kuroro001
{quote} Everything's possible. Let's see if we can get another batch of sellers...the only thing i don't like is we haven't hit 1,2942+ Buyers are at 1,2900/05, it may be the first hurdle to go through for a a move down.
agreed lets have fun 2day
Loosening is not an option
  • #799,839
  • May 22, 2013 2:36am May 22, 2013 2:36am
short now 1.2818 target
  • #799,840
  • May 22, 2013 2:39am May 22, 2013 2:39am
Quoting kbmoonshinex
{quote} with you on that mate

Morning kbmoonshinex will we have some pip slaughter 2day?
Loosening is not an option
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