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  • #802,741
  • May 29, 2013 10:29am May 29, 2013 10:29am
Quoting Likerty
{quote} If it will bounce from 2894 - it would be a strong indication that its going for HH

i figure if 2894 happens, so will 2884 or 2873
those who can, do. those who cant, talk about those who can
  • #802,742
  • May 29, 2013 10:29am May 29, 2013 10:29am
Quoting hadox
{quote} what if you take a small loss intead, and take a trade in the opposite direction if the RR is good?
Depends. If clear signal for it, I'd go for oposite. But usualy intra-day , if i fail 1-2 , I get away from chart for that particular day.
  • #802,743
  • May 29, 2013 10:30am May 29, 2013 10:30am
Quoting maximinus
{quote}Trade as your understanding of these rules. Your account will tell you if you are right or wrong.
That's a great reply! But let's say you were given a set of rules which involve throwing chicken bones and trading according to where they land. Even if your account is telling you 'yes' every day wouldn't you be interested what the rules mean and where they come from? I certainly don't want to be the turkey which observes that every day that there is feed, water and the cage is warm and concludes that he must be doing something right. Then comes thanksgiving. Just call me naturally curious.
  • #802,744
  • May 29, 2013 10:30am May 29, 2013 10:30am
Some fugly PA across the major pairs at the moment

You can't help get the feeling that things are going to screw up massively, CB driven market is a complete joke disconnected from reality. How much longer can they keep the farce going?

Yen trades in particular are utterly hateful
  • #802,745
  • May 29, 2013 10:31am May 29, 2013 10:31am
do you think eur/usd will return down?
Don't give up
  • #802,746
  • May 29, 2013 10:32am May 29, 2013 10:32am
long icey fingers

looking for double digits on this one

  • #802,747
  • May 29, 2013 10:33am May 29, 2013 10:33am
Quoting digiff
{quote} Right on buddy
I am shit at explaining stuff, but I am serious about lawn mowers and blades of grass, (wick and legs) they are better left alone, unless you want to scalp them.

If you can imagine any pa any chart any timeframe as a lawn, you can quickly see the areas to be wary of.

I have just done couple of au charts 1hr might help explain.

note - in down trend wicks (lawn) are always bigger and more violent than the legs (lawn), and vice versa in uptrend
also if you patient enough the wicks and legs will print sometimes patterns that re inforce the upcoming move, they are not rocket science, just normal things like lower highs, size of body etc etc

example in the zoom chart, the present and previous lawns, they printed LH,s with no candle bodies in the lawn. bears were grinding and getting ontop of bull, downtrend makes little safer, imagine grass gone, just bald candles, could be nice entry on offer, stops above the tallest wick, or if you tight like me, 7 or 11 pip plus slip above bald candle

Bro its sounds stupid refer as a lawn, but it actually is:nerd:but need lots of patience, let the bastard mowers do their thing first, add in all other thing you use, could get nice entry and nice chunk of move
Attached Image(s) (click to enlarge)
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If you are new to Forex? Say Goodbye to your account!!
  • #802,748
  • May 29, 2013 10:33am May 29, 2013 10:33am
Quoting geomink
do you think eur/usd will return down?
I've completely given up on calling direction

Direction depends on the next CB move or how the algo's react to the next soundbite
  • #802,749
  • May 29, 2013 10:35am May 29, 2013 10:35am
Quoting maximinus
short uc at 390

If H8 close < 377 then my target will be 330. And 377 profit locK
Attached Image
Don't be smart. Be rich.
  • #802,750
  • May 29, 2013 10:37am May 29, 2013 10:37am
@ Kiwi nice last two posts mate, some should say tnx for your effort
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #802,751
  • May 29, 2013 10:40am May 29, 2013 10:40am
the intent is to look for weakness after a measured amount of ground is covered. in the way a oscillator looks after ma's cross. but with the pa of the move in real time, with predictive qualities.
a place to look to get out or enter.
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Attached Image
those who can, do. those who cant, talk about those who can
  • #802,752
  • May 29, 2013 10:41am May 29, 2013 10:41am
Quoting zaphy
{quote} That's a great reply! But let's say you were given a set of rules which involve throwing chicken bones and trading according to where they land. Even if your account is telling you 'yes' every day wouldn't you be interested what the rules mean and where they come from? I certainly don't want to be the turkey which observes that every day that there is feed, water and the cage is warm and concludes that he must be doing something right. Then comes thanksgiving. Just call me naturally curious.
I always re-interpret rules. Every rule. Interprating something is not a passive act. And rules can't be applied without interpretation and someone who interprete this rule.
Don't be smart. Be rich.
  • #802,753
  • May 29, 2013 10:44am May 29, 2013 10:44am
Quoting KiwiTrada
{quote} I am shit at explaining stuff, but I am serious about lawn mowers and blades of grass, (wick and legs) they are better left alone, unless you want to scalp them. If you can imagine any pa any chart any timeframe as a lawn, you can quickly see the areas to be wary of. I have just done couple of au charts 1hr might help explain. note - in down trend wicks (lawn) are always bigger and more violent than the legs (lawn), and vice versa in uptrendalso if you patient enough the wicks and legs will print sometimes patterns that re inforce the upcoming...

how do you determine if the wick or legs are long enough? on the second chart there seem to be some nice long legs few candles before 29 May 0:500? Should it be near a S/R level?
it is highly likely that i'm wrong... so dont follow me!
  • #802,754
  • May 29, 2013 10:45am May 29, 2013 10:45am
All closed


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  • #802,755
  • May 29, 2013 10:48am May 29, 2013 10:48am
Sideways doldrums.. anticipating HOD's in (2967-77) now...

Could be in for one more HH into ~2975-80, but the current PA is as good as any.
S @ 2956 /w SL @ 2971 , held by 2pips so far, successful 78 pullback...

1st confirmed intraday sell signal comes in at confirmed 2935-40 zone break -> short-term drop to 2895-2910 minimum again has decent odds from there.
Anything under that zone = potential waterfall move, at least equal distance of the earlier short squeeze...
Patience, persistence and probabilities.
  • #802,756
  • May 29, 2013 10:49am May 29, 2013 10:49am
Quoting gatorinla
the intent is to look for weakness after a measured amount of ground is covered. in the way a oscillator looks after ma's cross. but with the pa of the move in real time, with predictive qualities. a place to look to get out or enter. {image} {image}
Dense, will take time to fully digest. Thank you. I have one of those on the USD/CHF at 0.96067 where I am looking to long.
  • #802,757
  • May 29, 2013 10:50am May 29, 2013 10:50am
Quoting tomspin
{quote} Most of the people trade short term here. Both short term to mid can work but in a certain market conditions. Euro dollar is pure heaven for intraday traders atm, but six month ago it was a swingers paradise - one is not better then the other it is a matter of what is good for you and how you can use it in your trading to gain some $$$. Simple eh?

I should have mention trend traders. Yea, always striving but as long as I stay with my plan, I do experience success rather consistently. Rarely a whale but usually a bunch of minnows.
Taigen Profit This Month: na
  • #802,758
  • May 29, 2013 10:53am May 29, 2013 10:53am
I'm still on the bulls side for the rest of the day...
  • #802,759
  • May 29, 2013 10:54am May 29, 2013 10:54am
Quoting RsX
short-term drop to 2895-2910 minimum again has decent odds from there
do you think it's reachable just today?
Don't give up
  • #802,760
  • May 29, 2013 10:55am May 29, 2013 10:55am
Quoting flam
{quote} how do you determine if the wick or legs are long enough? on the second chart there seem to be some nice long legs few candles before 29 May 0:500? Should it be near a S/R level?

They are just lawns, or zones to be super careful, I tade them but I have anchor trade well above, with out them I would be hesitant, but it is still a downtrend, so until it isnt I feel ok shorting this girl, remembering on monthly weekly she is bouncing around very very very good support,

i have update chart and yes there is a battle bull and bear, with a bull lawn printing, but there is a lovely inverted pin then spinning top, the doji doji, so this hr close is very important, no new high and trade could still be on :nerd:
Attached Image (click to enlarge)
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