{quote} Thanks for pumping in those extra lots Steve, Your help is much appreciated{image} g.
- #501
- Jul 31, 2013 7:36am Jul 31, 2013 7:36am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
- #502
- Jul 31, 2013 7:45am Jul 31, 2013 7:45am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} No extra lots, just the extra 10 ton weight.
g.
I believe . . .
- #503
- Jul 31, 2013 7:50am Jul 31, 2013 7:50am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} The plot thickens.Because it actually touched the 1.9500?
It was the first and the only bar within that period of resistance that actually touched the RN. Not surprisingly it punched a bigger muscle than either of the preceding bars.
I remember mentioning it in the J16 thread that I have always looked at Round numbers as the "engine" of the markets. Almost all the bigger games (and even smaller ones) revolve around either pushing and pulling price to them or simply away from them.
Round numbers are one of those few tools that technical and fundamental traders use just as readily and popularly.
g.
I believe . . .
- #504
- Jul 31, 2013 7:55am Jul 31, 2013 7:55am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
{quote} Bingo!
I thought it was too obvious an answer to mention at first.
All this sitting on my hands is giving me the munchies for real Indian Rasmalai.
How, I used to love it after a good meal.
You ever eaten it Ghous, or something similar?
- #505
- Jul 31, 2013 8:00am Jul 31, 2013 8:00am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
{quote} I thought it was too obvious an answer to mention at first.
I know people generally like some kind of "mind boggling trading secrets revealed" but the true secret lies not in the strategy (which may be extremely basic and straight forward) but the consistent execution of it.
Oh yeah I have eaten Rasmalai! Its one of the favorite sweet dishes in this part of the world. Anything "Indian" that you eat most probably I have tasted it as we Pakistanis essentially represent the same culture at least with the cuisines.
PS what better time to discuss Rasmalai when I am 14 hours into my fast and another hour and a half still to go before I break it? lol
g.
I believe . . .
- #506
- Edited 8:18am Jul 31, 2013 8:04am | Edited 8:18am
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
{quote} The more obvious it is the better bro.
Yeah, I prefer Rasmalai to the really sickly sweet Indian sweets like Gulab Jamun
You lucky chap having such wonderful cuisine.
Actually, there is a large Islamic community here in Harbin China, I tend to hang out at their kebab places at the weekends, eating lamb kebabs and spicy nan.
But, real Indian curry, I have to make it myself.
- #511
- Edited 7:13pm Jul 31, 2013 6:34pm | Edited 7:13pm
- Joined May 2010 | Status: HCR-LCS SFP | 6,026 Posts
{quote} Ok, not too sure I understand this consolidation box HCR-LCS clearly. I think I will stick to just the swing points for now.
Well, you have the Daily Close Confirmation.
Edit:
However, I do not like the look of the possible continuation BUEOB.
- #512
- Aug 1, 2013 1:44am Aug 1, 2013 1:44am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Hey guys, thanks for sharing those nice ideas and for the beautiful thread itself! I was curious what you think about the EURSGD daily SFP setup. The swing high no. 1 is the one that disturbs me. Does the fact that swing high no.2 was hit and that price closed below the W HCR (lines up with HHR level) should give it enough strenght in your opinion? I am sure the best thing would be to hit also the no.1 and close below both of them... Thanks guys, Oskar {image}
You are certainly thinking in the right direction.
I would also prefer to see a test of the 1.7 at least and your swing point 1 as well. So this is still very much on the watch list.
g.
I believe . . .
- #513
- Aug 1, 2013 1:47am Aug 1, 2013 1:47am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
ghous thanks for all your contributions though. just watching to see how it plays out {image}
In fact I don't even have a fake out on CHF/SGD.
g.
I believe . . .
- #515
- Aug 1, 2013 2:15am Aug 1, 2013 2:15am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Thank you Pinbar & Ghous for your replies, let's wait and see how it plays out... One more SGD here. It was spotted late but as a setup it was still not invalidated and moreover a nice PB should indicate some upside strenght. What holds me back is the weak close of it and the bar next to it, both below DLCS. Thanks. Oskar {image}
Still where the lower time frames make me nervous, is that they contain much less data and even knee jerks can be snapped and pictured into "great looking setups". One major reason I love the dailies is their inherent ability to see out the whole day's action to see what's really going on and whether it is sustainable. And because a lot of major setups don't hurry off into action I have been able to grab hold of enough setups to stay alive...really alive.
I can recall countless bad trades because an average story on the higher TFs jumped out to me because I was on the 1H or the 4H and I couldn't resist. They would just fail on me and when I would scan my daily chart, the very same pair's daily chart would SHOW ABSOLUTELY NOTHING and I would learn that I got caught up yet again with the "noise".
This one's obviously very different because it has the jewellery hanging off it, but I am still sticking to my dailies.
I'll be waiting to see how the daily closes.
g.
I believe . . .
- #517
- Aug 1, 2013 2:41am Aug 1, 2013 2:41am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
Thanks for showing the bigger picture here, it definitely could change or confirm what is going on here. But let me ask, if you are looking at it on the weekly, we should wait for the week to close, right? Oskar
g.
I believe . . .
- #519
- Aug 1, 2013 2:51am Aug 1, 2013 2:51am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
{quote} I find it cheeky that on Fxpro I have CHF/SGD instead of SGD/CHF and they don't seem to be inverted mirror images of each other
