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  • #808,941
  • Jun 19, 2013 5:29am Jun 19, 2013 5:29am
Quoting iamkjb
{quote} There may be some weak resistance there, but I have 1.5650 as my resistance/stop zone on the hourly, the 50% fib retracement of the last swing down from the Monday high.
  • #808,942
  • Jun 19, 2013 5:32am Jun 19, 2013 5:32am
Quoting Goodvalley
To Gator and Mr. Hatch: I've been doing intense research on the eurusd, useless and redux threads to find some wisdom since I want to learn for myself and from other great traders. I even have read a couple of threads that Mr. Hatch started a few years ago. Obviously I'm searching for information about mofus, ass charts (what a great name) and levels to look at. And yes, I've been reading hundreds (thousands!) of pages of all those threads looking for clues, and taking notes. But it's easy to get lost or confused, and even mixing concepts the wrong...

There are no books on the specific topic you're looking for. And the answer I'm going to give you now will most definitely not please you, although it contains the very essence of you need to know.

The answer is: 1 + 1 = 2

...always and anywhere.

If you cannot work with that, try something else.
  • #808,943
  • Jun 19, 2013 5:37am Jun 19, 2013 5:37am
Quoting sandycarrot
{quote} sorry. ,just roving look another thread ,,, for entertainment,, no,no,no ,,, you are a good man ,,, mate,,I mean it ,,, believe me,,there is no right and no wrong in trading,, what makes money is right,, and what makes lose money is wrong,, I mean,,what is work for you just do it,,

Yes. No problem.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,944
  • Jun 19, 2013 5:41am Jun 19, 2013 5:41am
Quoting hadox
{quote} adapt or die.. {image}
dax behaving as expected, buyers stepped in at the bottom once again and rejected at the original 828x resistance, looks like chop
until FOMC..

euro and cable a bit messy, still waiting for some proper setups..

at any rate, gl anyone trading
Patience is a virtue...
  • #808,945
  • Jun 19, 2013 5:44am Jun 19, 2013 5:44am
Quoting hadox
{quote} dax behaving as expected, buyers stepped in at the bottom once again and rejected at the original 828x resistance, looks like chop until FOMC.. euro and cable a bit messy, still waiting for some proper setups.. at any rate, gl anyone trading
Well said this man!

It is like watching paint dry and I have better things to do with my time while the markets wait with bated breath for Heli Ben to open his gob.
  • #808,946
  • Jun 19, 2013 5:44am Jun 19, 2013 5:44am
Quoting iamkjb
{quote} There may be some weak resistance there, but I have 1.5650 as my resistance/stop zone on the hourly, the 50% fib retracement of the last swing down from the Monday high.
The goal here is to restore the trend. Resistances are places in which the price must pass. Then and only then the euro will continue the trend. The euro does not want to fall. It follows that the cable will grow. Maybe.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,947
  • Jun 19, 2013 5:48am Jun 19, 2013 5:48am
Quoting bbakker
{quote} Well said this man! It is like watching paint dry and I have better things to do with my time while the markets wait with bated breath for Heli Ben to open his gob.
true that..

it's a lot more important knowing when not to trade..
Patience is a virtue...
  • #808,948
  • Jun 19, 2013 5:48am Jun 19, 2013 5:48am
Quoting Cornelis
Any one here trading USD/CAD ? Im short from 1.0223 SL 1.0253 and TP at 1.0128 for first target and from there on open TP
Yeh but I'm long and if your trade works out I'll be stopped out ! I'm lookin' for 1.04 or stop out whatever comes first.
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #808,949
  • Jun 19, 2013 5:52am Jun 19, 2013 5:52am
Quoting godim
{quote} Yes. {image}


Like your posts, you were spot on 5601.
  • #808,950
  • Jun 19, 2013 6:00am Jun 19, 2013 6:00am
Quoting Goodvalley
To Gator and Mr. Hatch: I've been doing intense research on the eurusd, useless and redux threads to find some wisdom since I want to learn for myself and from other great traders. I even have read a couple of threads that Mr. Hatch started a few years ago. Obviously I'm searching for information about mofus, ass charts (what a great name) and levels to look at. And yes, I've been reading hundreds (thousands!) of pages of all those threads looking for clues, and taking notes. But it's easy to get lost or confused, and even mixing concepts the wrong...
Famous Mofu is nothing more than a Fibo. The interval is divided into 16 parts. The question is how to use it. And there is no way to learn. So, you better look for a PA.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,951
  • Jun 19, 2013 6:05am Jun 19, 2013 6:05am
Quoting godim
{quote} Famous Mofu is nothing more than a Fibo. The interval is divided into 16 parts. The question is how to use it. And there is no way to learn. So, you better look for a PA. {image}
The stage is yours.

Exit Mr. Hatch.
  • #808,952
  • Jun 19, 2013 6:06am Jun 19, 2013 6:06am
Quoting godim
{quote} Famous Mofu is nothing more than a Fibo. The interval is divided into 16 parts. The question is how to use it. And there is no way to learn. So, you better look for a PA. {image}
So, how do you come up with your levels and trade them, if you like to articulate.
  • #808,953
  • Jun 19, 2013 6:09am Jun 19, 2013 6:09am
Quoting Kingscalp
{quote} Like your posts, you were spot on 5601.
5602. The bulls were to show that they are determined to attack.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,954
  • Jun 19, 2013 6:12am Jun 19, 2013 6:12am
Quoting Mr Hatch
{quote} There are no books on the specific topic you're looking for. And the answer I'm going to give you now will most definitely not please you, although it contains the very essence of you need to know. The answer is: 1 + 1 = 2 ...always and anywhere. If you cannot work with that, try something else.

Well, of course it does not please me, but I was prepared for some answer like that...

But I remember you and I joined this forum more or less at the same time, even remember your first avatar with the beard, and also remember you were really lost and insecure. But you worked really hard and built your way (with a little help from others). Anyway, if this is all you can tell me it's fine. I know good skilled traders -you've become one of them, no doubt of it- often like to give cryptic answers. You got some of these sort at that time, but you tried harder. And finally had some clues to get you on the right track. But I'm sure you will admit that if "1+1=2... always and anywhere" was the best answer you had gotten in your day, then you would have ended confused at the least. Although I'm thinking your answer leads me to think of logic (I hope to be able to grasp that logic) and maybe to fibo levels (1+1=2 suggests this to me, I don't know if this is right).

So thank you for your answer, I will try harder and work to decode the "1+1=2", don't want to bother you. Just, if you think twice and want to advise me on something, I would be glad and thankfull to read it.

Again, thanks Mr. Hatch.
Visit my Drumming & Percussion Blog - DrumsCult com
  • #808,955
  • Jun 19, 2013 6:16am Jun 19, 2013 6:16am
Quoting Mr Hatch
{quote} The stage is yours. Exit Mr. Hatch.
No. I know a little Gann and MurreyMath. Mofu I could not learn.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #808,956
  • Jun 19, 2013 6:17am Jun 19, 2013 6:17am
Quoting godim
{quote} 5602. The bulls were to show that they are determined to attack. {image}
well, drawing the 50% retracement (approx) of the latest swing on the daily will give 3 harmonic level around that price. Had a great reaction at least for a long scalp, now lets see if it holds.
  • #808,957
  • Jun 19, 2013 6:20am Jun 19, 2013 6:20am
Quoting Goodvalley
{quote} Well, of course it does not please me, but I was prepared for some answer like that... But I remember you and I joined this forum more or less at the same time, even remember your first avatar with the beard, and also remember you were really lost and insecure. But you worked really hard and built your way (with a little help from others). Anyway, if this is all you can tell me it's fine. I know good skilled traders -you've become one of them, no doubt of it- often like to give cryptic answers. You got some of these sort at that time, but...
apply fibo on your charts, all swings you can find-it actualy make sense, find major trends and divide it by two:you'll see something nice.
this should be enough, the rest is hard work an observation,
p.s.
I do not know the riddle
swing it!
  • #808,958
  • Jun 19, 2013 6:21am Jun 19, 2013 6:21am
Quoting tomspin
{quote} apply fibo on your charts, all swings you can find-it actualy make sense, find major trends and divide it by two:you'll see something nice. this should be enough, the rest is hard work an observation, p.s. I do not know the riddle
Good answer, on my buddy list.
  • #808,959
  • Jun 19, 2013 6:22am Jun 19, 2013 6:22am
Quoting godim
{quote} The goal here is to restore the trend. Resistances are places in which the price must pass. Then and only then the euro will continue the trend. The euro does not want to fall. It follows that the cable will grow. Maybe.
Thanks Godim, not sure why cable would follow euro though?

Cable looks to be in a pivotal area to me.

1. Has hit UTL of a rising daily channel extending from the bottom of the last downswing.
2. Failed at the 50% fib retracement of the last downswing.
3. Bounced off the LTL of the same channel but did not quite reach the 61.8% fib retracement level.
4. Last 3 daily candles look indecisive.

I am looking for a break below 1.5600 for shorts or above 1.5820 for longs.
Attached Image (click to enlarge)
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  • #808,960
  • Jun 19, 2013 6:25am Jun 19, 2013 6:25am
Quoting Goodvalley
{quote} Well, of course it does not please me, but I was prepared for some answer like that... But I remember you and I joined this forum more or less at the same time, even remember your first avatar with the beard, and also remember you were really lost and insecure. But you worked really hard and built your way (with a little help from others). Anyway, if this is all you can tell me it's fine. I know good skilled traders -you've become one of them, no doubt of it- often like to give cryptic answers. You got some of these sort at that time, but...
I like this post, it is full of grace..
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