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  • #806,901
  • Jun 11, 2013 7:22am Jun 11, 2013 7:22am
Quoting Pair-me-up
{quote} Excellent question... it is something that I enjoy. And there is always something new to learn. I will admit, that I do want to improve upon some of my fundamental analysis. Most of what I have focused on it, is in the area of econ numbers. Trying to get more of a grip on the political babble. I do trade a live account... This week, I am up about 7% on my account. Not as good as you I am sure.. but I am still trying. And the week isn't over yet. Right now I am flat... I would rather miss out on some pips than get whipsawed and...
Don't get me wrong, I'm not getting anything out of having a higher or lower percentage gain. As long as you are in positive territory, that's fine. It should free the time to tackle the things on your agenda. As long as you are comfortable with that percentage, use the freedom gained to study the fundmentals. A daytrading-thread isn't the proper environment for that, believe me.
  • #806,902
  • Jun 11, 2013 7:23am Jun 11, 2013 7:23am
Quoting KillerWhale
{quote} You really think that anyone is gonna check out all those links?
It's telling that he himself collects them, isn't it? The teamleader must be proud of him.

Did anyone ever see my blog, where I keep all analysis, my complete trading journal and all the stuff?
  • #806,903
  • Jun 11, 2013 7:23am Jun 11, 2013 7:23am
Quoting suthmo
{quote} The butt hurt is strong with this one. Just cannot compete with the great one. To the pip challenge Project price action within 5 pips at a random point in the future Apr 30, 2010 http://www.forexfactory.com/showthre...77#post3689377 To the Minute forecasting http://www.forexfactory.com/showthre...67#post4511367 Market Maps Weekly Project a whole week of price action in one go http://www.forexfactory.com/showthre...48#post3663748 Whole day Projection http://www.forexfactory.com/showthre...82#post4687982...

Inserted Video
Patience is a virtue...
  • #806,904
  • Jun 11, 2013 7:30am Jun 11, 2013 7:30am
Quoting KillerWhale
{quote} Believe me, divergence on the 5 minute chart doesn't mean much if the 1 hr, 4 hr and daily charts don't agree with it. The big guys don't even look at a 5 minute chart. It's just noise.
True, the divergence is also present on the 15min
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB


And on the one hour MACD is turning down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 65 KB


But all this is over an upward sloping 200SMA on each time frame. Also the 4 hour doesn't look in-line at all. So I'm looking at a short scalp down if it drops below around 1.3263.

Depending on your time frame, one man's noise can be another man's price action.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #806,905
  • Jun 11, 2013 7:32am Jun 11, 2013 7:32am
tsujigiri, no disrespect, but divergences aren't exactly precise. You might wanna check out more about hidden divergences on higher timeframes. check that sh*t out.

Also, I haven't been posting because of the muppets that keep on clogging up this thread. Let's all expose out balls, dear traders. Maybe it'll be more crystal clear.

Back to trading, showed enough of my balls until now.
Please, just slap me around if I'm being silly ...
  • #806,906
  • Jun 11, 2013 7:35am Jun 11, 2013 7:35am
Looking good for sell mortimer.
so much for the bullish engulfing at start of week.
A break of 321 ends the supply bands on H4.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #806,907
  • Jun 11, 2013 7:37am Jun 11, 2013 7:37am
Quoting sophiaphia
Looking good for sell mortimer. so much for the bullish engulfing at start of week. A break of 321 ends the supply bands on H4.
The cloud is in place at the level mentioned during Asian session?
  • #806,908
  • Jun 11, 2013 7:37am Jun 11, 2013 7:37am
Quoting Mr Hatch
{quote} Don't get me wrong, I'm not getting anything out of having a higher or lower percentage gain. As long as you are in positive territory, that's fine. It should free the time to tackle the things on your agenda. As long as you are comfortable with that percentage, use the freedom gained to study the fundmentals. A daytrading-thread isn't the proper environment for that, believe me.
I agree.... Most of the time I come to the thread when I need a break from reading other fundie stuff or need a break from chart plotting. I usually gloss over most of the posts and look at the post with different points of views on were they think the market will go.

Anyways... back to the bond market study...
Luck has no place in trading. Leave that for the poker table.
  • #806,909
  • Jun 11, 2013 7:43am Jun 11, 2013 7:43am
Quoting Pair-me-up
{quote} I agree.... Most of the time I come to the thread when I need a break from reading other fundie stuff or need a break from chart plotting. I usually gloss over most of the posts and look at the post with different points of views on were they think the market will go. Anyways... back to the bond market study...
Thats what I am trying to do, learn how money flow and the impact of that flow,
Read "Currency trading and intermarket analysis" by Ashraf Laidi - very solid book
Best of luck
swing it!
  • #806,910
  • Jun 11, 2013 7:45am Jun 11, 2013 7:45am
going fast now.
doing some real damage to the H4.
1.32 to 1.321 supply stop could be a fast break into 1.31 as supports fail.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #806,911
  • Jun 11, 2013 7:46am Jun 11, 2013 7:46am
Quoting sophiaphia
going fast now. doing some real damage to the H4. 1.32 to 1.321 supply stop could be a fast break into 1.31 as supports fail.
do you see the 'M' forming on H4? All we need is a LL.
  • #806,912
  • Jun 11, 2013 7:46am Jun 11, 2013 7:46am
I know the bears hate the thought of this pair going beyond 1.33, but this is a OTT sulky hissy fit from them. $$ strength
  • #806,913
  • Jun 11, 2013 7:47am Jun 11, 2013 7:47am
Closed my pathetic short for +4 pips. That took almost one day to collect it. I'll look for a better entry now.
  • #806,914
  • Jun 11, 2013 7:55am Jun 11, 2013 7:55am
1.324x getting tested, could help the bulls..
Patience is a virtue...
  • #806,915
  • Jun 11, 2013 7:55am Jun 11, 2013 7:55am
Bouncing off pivot point @ 13234.5
  • #806,916
  • Jun 11, 2013 7:56am Jun 11, 2013 7:56am
Quoting tomspin
{quote} Thats what I am trying to do, learn how money flow and the impact of that flow, Read "Currency trading and intermarket analysis" by Ashraf Laidi - very solid book Best of luck

I will have to take a look at that book. I really like intermarket analysis, since it is all leading indicators per se. It would be nice if bloomberg terminal was free.. lol It was originally made for bond traders. So, it makes sense why it is around $2000 USD per month. Being able to see the bond market live must be a great advantage. For now, I just have to look at delayed bond quotes.
Luck has no place in trading. Leave that for the poker table.
  • #806,917
  • Jun 11, 2013 7:56am Jun 11, 2013 7:56am
Quoting Mr Hatch
{quote} do you see the 'M' forming on H4? All we need is a LL.
Morning Mr Hatch.....

Have 3097 - 3111 for this leg...........You have anything there?
  • #806,918
  • Jun 11, 2013 7:57am Jun 11, 2013 7:57am
Quoting tsujigiri
{quote} True, the divergence is also present on the 15min {image} And on the one hour MACD is turning down {image} But all this is over an upward sloping 200SMA on each time frame. Also the 4 hour doesn't look in-line at all. So I'm looking at a short scalp down if it drops below around 1.3263. Depending on your time frame, one man's noise can be another man's price action.
Hmm, should have held a little longer, closed at 16 pips. I thought it might make it almost to the daily pivot but for some reason I was doubting myself... :-)
Attached Image (click to enlarge)
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A journey of a thousand miles begins with a single step. Lao-tzu
  • #806,919
  • Jun 11, 2013 7:59am Jun 11, 2013 7:59am
A short setup triggering now... no HH into ~3310 though so suspicous..
regardless, looking for a bounce from 3230-40, for a short entry at 3265-70..
Attached Image (click to enlarge)
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Patience, persistence and probabilities.
  • #806,920
  • Jun 11, 2013 8:00am Jun 11, 2013 8:00am
can she close 3230 in 1 m
those who can, do. those who cant, talk about those who can
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