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  • #803,741
  • May 31, 2013 8:23am May 31, 2013 8:23am
Quoting John Gray
{quote} Best choice. Killer Whale I have a question if you have the time. What is your method for calculating your levels? Clearly you have experience in FX, i remember you saying to me you worked as a trader for.. 8 years from memory, min target of 50 pips a day.. I use channels, s/r and fibs. work on price action. trading an H&S on the EUR/USD aiming 1.25 where I will close all shorts, turn around and long, increase number of longs for each 100 pip drop from there. trade strategy pinned on 1.19-1.20 holding {image}
Well read this ........
My levels?
I have warned April 24 we are gonna get a break out lower, it took till May 9th and yes we got it.
Break down below 1.2800.
What was it?
My crystal balls? Tarot cards?

I just follow simple logic.

Or was it the rising wedge which is a very reliable bearish pattern?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #803,742
  • May 31, 2013 8:24am May 31, 2013 8:24am
Most probable way to break downside is to buy usdjpy through significant daily close/open prices and same time sell eurjpy.
Thats because month end flows are there and eurusd itself is weak at the moment. But everyone waits for Cut.

That would move dollar index as well and likely trigger buy stops.
They think they are smarter than I am.
  • #803,743
  • May 31, 2013 8:24am May 31, 2013 8:24am
Quoting KiwiTrada
{quote} 4hr close, same chart as earlier 1hr chart presently she printed last 5 candles LH LL,s , last candle shaved head with body low below its mid close to 2988, while she still below the ltl of the falling channel (failed bull flag) rising tl, 23 fib, 1 3000 psyc, I m thinking bears have advantage still, if she makes a new high bulls will have advantage, new low, and like posted earlier, 50 fib is still next station {image}

What time settings do you have? ... I have GMT and the 4H isn't closed
  • #803,744
  • May 31, 2013 8:25am May 31, 2013 8:25am
Quoting KillerWhale
{quote} Well read this ........ My levels? I have warned April 24 we are gonna get a break out lower, it took till May 9th and yes we got it. Break down below 1.2800. What was it? My crystal balls? Tarot cards? I just follow simple logic. Or was it the rising wedge which is a very reliable bearish pattern?
sure but thats not exactly a precise prediction how many days between 24th to the 9th..
  • #803,745
  • May 31, 2013 8:26am May 31, 2013 8:26am
Quoting John Gray
{quote} Happy for suggestion
Top 2 reasons. ... Theree is no H&S until the neckline is broken.. You are assuming it will be.. Even if it will, I will not trade such formation because it's at the bottom of a downtrend. H&S should be at the top...
  • #803,746
  • May 31, 2013 8:27am May 31, 2013 8:27am
People need to watch much more porn.
  • #803,747
  • May 31, 2013 8:27am May 31, 2013 8:27am
Quoting KillerWhale
{quote} Well read this ........ My levels? I have warned April 24 we are gonna get a break out lower, it took till May 9th and yes we got it. Break down below 1.2800. What was it? My crystal balls? Tarot cards? I just follow simple logic. Or was it the rising wedge which is a very reliable bearish pattern?
Thank you for getting back to me!

Greatly appreciated KW
Even the worst trade can close with profit. Just give it time.
  • #803,748
  • May 31, 2013 8:28am May 31, 2013 8:28am
We have close 4h in 2 hour 27 min
  • #803,749
  • May 31, 2013 8:28am May 31, 2013 8:28am
Quoting John Gray
{quote} Best choice. Killer Whale I have a question if you have the time. What is your method for calculating your levels? Clearly you have experience in FX, i remember you saying to me you worked as a trader for.. 8 years from memory, min target of 50 pips a day.. I use channels, s/r and fibs. work on price action. trading an H&S on the EUR/USD aiming 1.25 where I will close all shorts, turn around and long, increase number of longs for each 100 pip drop from there. trade strategy pinned on 1.19-1.20 holding {image}
I also though 1,25 if H&S broke but on the daily and weekly. It rejected the break of the shoulder several times before it bounced higher. Some may have success with the monthly, but I find the practicality, outside of overall trend setting, low. A lot can happen in 30 days and I'm not getting any younger.
When the facts change I change my mind, what do you do sir
  • #803,750
  • May 31, 2013 8:29am May 31, 2013 8:29am
Quoting Mr Hatch
{quote} 2893.x first.
Ah, the predictive from 1.3040 to 1.2967. That's better. If I understand it now that's why the gman said he would sell it again around 3030. I appreciate when I get just the right hint. Thanks.
  • #803,751
  • May 31, 2013 8:30am May 31, 2013 8:30am
Quoting attila
{quote} Top 2 reasons. ... Theree is no H&S until the neckline is broken.. You are assuming it will be.. Even if it will, I will not trade such formation because it's at the bottom of a downtrend. H&S should be at the top...
Totally understand your view.

Thank you
Even the worst trade can close with profit. Just give it time.
  • #803,752
  • May 31, 2013 8:31am May 31, 2013 8:31am
Quoting Pip Anon
{quote} I also though 1,25 if H&S broke but on the daily and weekly. It rejected the break of the shoulder several times before it bounced higher. Some may have success with the monthly, but I find the practicality, outside of overall trend setting, low. A lot can happen in 30 days and I'm not getting any younger.
im 19 ill buy the kiwi and carry trade for 50 years
except money wont be there at the end
Even the worst trade can close with profit. Just give it time.
  • #803,753
  • May 31, 2013 8:31am May 31, 2013 8:31am
Quoting Mr Hatch
People need to watch much more porn.
I just wonder that most of the forex traders are male and there are very few female ones. is there any special reason ??? :O
  • #803,754
  • May 31, 2013 8:32am May 31, 2013 8:32am
Quoting John Gray
{quote} Thank you for getting back to me! Greatly appreciated KW
John I'm gonna give you a vouch because I think you are very serious about trading and I want to stimulate you to go on and asking questions and trying be a successful trader.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #803,755
  • May 31, 2013 8:32am May 31, 2013 8:32am
Quoting Mr Hatch
People need to watch much more porn.
this is the answer.
  • #803,756
  • May 31, 2013 8:32am May 31, 2013 8:32am
Quoting KiwiTrada
{quote} 4hr close, same chart as earlier 1hr chart presently she printed last 5 candles LH LL,s , last candle shaved head with body low below its mid close to 2988, while she still below the ltl of the falling channel (failed bull flag) rising tl, 23 fib, 1 3000 psyc, I m thinking bears have advantage still, if she makes a new high bulls will have advantage, new low, and like posted earlier, 50 fib is still next station {image}

"and" swissy has just made a new 4hr high, of last 5 x 4hr candles, bears quickly smacked her back, but right now have wick, it does show intention, but need confirmation, going to 30min charts and see if can get closes above and work my way back up to 4hr, by then if 4hr close above should be well above and eu in freefall
If you are new to Forex? Say Goodbye to your account!!
  • #803,757
  • May 31, 2013 8:33am May 31, 2013 8:33am
Quoting John Gray
{quote} im 19 ill buy the kiwi and carry trade for 50 years except money wont be there at the end
Haha. I guess you better hope for higher rates

Quoting attila
{quote} Top 2 reasons. ... Theree is no H&S until the neckline is broken.. You are assuming it will be.. Even if it will, I will not trade such formation because it's at the bottom of a downtrend. H&S should be at the top...




Exactly!!!!!!!
When the facts change I change my mind, what do you do sir
  • #803,758
  • May 31, 2013 8:36am May 31, 2013 8:36am
Last one short. 2990 t/p 2970.
  • #803,759
  • May 31, 2013 8:37am May 31, 2013 8:37am
Who was it?
Quote
"In 2013, trading the E/U will suck."
  • #803,760
  • May 31, 2013 8:37am May 31, 2013 8:37am
Quoting Mr Hatch
People need to watch much more porn.

and use it as an inspiration, cause there's a lot of "up" and "down" there,,
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