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  • #834,781
  • Sep 12, 2013 11:52am Sep 12, 2013 11:52am
Quoting giveachance
swing again to 1.3325 or so
This was posted 4 hrs ago.
  • #834,782
  • Sep 12, 2013 12:04pm Sep 12, 2013 12:04pm
I for one- hate attila.
  • #834,783
  • Sep 12, 2013 12:06pm Sep 12, 2013 12:06pm
Quoting Pharm0r
I for one- hate attila.
why is that?
  • #834,784
  • Sep 12, 2013 12:11pm Sep 12, 2013 12:11pm
the channels were drawn on this gold chart weeks and months ago, and all lines are parallel. how weird the price just trades to the channel lines?

Attached Image (click to enlarge)
Click to Enlarge Name: Gold-d.cht Sierra Chart 1022 SC Forex Data (FXCM) 2013-09-12 13:15:46 Thu [SIM] Con:14190662_.png Size: 44 KB
  • #834,785
  • Sep 12, 2013 12:13pm Sep 12, 2013 12:13pm
Quoting Pharm0r
I for one- hate attila.
hate is a strong word..... what did he do to you to deserve that?
  • #834,786
  • Sep 12, 2013 12:16pm Sep 12, 2013 12:16pm
if I were short I would start paying attention very soon.
  • #834,787
  • Sep 12, 2013 12:20pm Sep 12, 2013 12:20pm
Quoting phoebus
the channels were drawn on this gold chart weeks and months ago, and all lines are parallel. how weird the price just trades to the channel lines? {image}
Pick a random spot on the left side of the chart and draw a parallel line through the price chart. Let's see how many touch points a random line gets. Then do the same with a line that's not parallel. I'm not saying it's wrong, but I always wonder if most of this is coincidence.
  • #834,788
  • Sep 12, 2013 12:21pm Sep 12, 2013 12:21pm
Quoting attila
if I were short I would start paying attention very soon.
n00b here. why?
  • #834,789
  • Sep 12, 2013 12:25pm Sep 12, 2013 12:25pm
Quoting Smokeymar
{quote} Pick a random spot on the left side of the chart and draw a parallel line through the price chart. Let's see how many touch points a random line gets. Then do the same with a line that's not parallel. I'm not saying it's wrong, but I always wonder if most of this is coincidence.
you cannot pick a random spot. the channels have to be drawn through local price extremes.
i also wonder why people or algos trade to the channel line most of the time?
  • #834,790
  • Sep 12, 2013 12:29pm Sep 12, 2013 12:29pm
Quoting ill_be_back
Pending Short GU @ 1.58355 triggered Have a pending short EU @1.33245

GU Out @ 1.58160

deleted my pending EU
A good trader follows his rules, but great trader knows when to break them
  • #834,791
  • Sep 12, 2013 12:30pm Sep 12, 2013 12:30pm
Quoting attila
if I were short I would start paying attention very soon.
I'm short
Are you referring to 2 pm EST data?
Thanks.
  • #834,792
  • Sep 12, 2013 12:33pm Sep 12, 2013 12:33pm
Quoting dezolo
{quote} I'm short Are you referring to 2 pm EST data? Thanks.
no, just PA
  • #834,793
  • Sep 12, 2013 12:33pm Sep 12, 2013 12:33pm
Quoting phoebus
{quote} you cannot pick a random spot. the channels have to be drawn through local price extremes.
I'm really asking how many bounces will a random line have that gives it the appearance of relevance. I'm not saying I'm right or wrong about anything.
  • #834,794
  • Sep 12, 2013 12:37pm Sep 12, 2013 12:37pm
Got out of short at just 6 pips. PA is too jerky atm.
  • #834,795
  • Edited 12:50pm Sep 12, 2013 12:39pm | Edited 12:50pm
Quoting Smokeymar
{quote} I'm really asking how many bounces will a random line have that gives it the appearance of relevance. I'm not saying I'm right or wrong about anything.
a random line is not called a channel line or trendline. and a random line will not give you a hint that a price possibly will reverse.
look at the DXY chart below. The left part has a descending channel, and the right part has a rising channel. The channels are not draw random. when a channel is broken, it signals a trend change most of the time.

Attached Image (click to enlarge)
Click to Enlarge Name: $DXY - Charts - -----4410TDA Main@thinkorswim [build 1846.25]_008.png Size: 175 KB
  • #834,796
  • Sep 12, 2013 12:40pm Sep 12, 2013 12:40pm
on week/month time frame 1.3411 is humble target for long, daily candle so far clearly show short squeeze.

larger target are 1.3580/1.3620, 1.3890/1.3940
  • #834,797
  • Sep 12, 2013 12:42pm Sep 12, 2013 12:42pm
Quoting attila
if I were short I would start paying attention very soon.
I do. I am baby sitting my green pips now.
  • #834,798
  • Sep 12, 2013 12:43pm Sep 12, 2013 12:43pm
I dont hate attila, it was a joke.
  • #834,799
  • Sep 12, 2013 12:45pm Sep 12, 2013 12:45pm
Quoting phoebus
{quote} a random line is not called a channel line or trendline. and a random line will not give you a hint that a price possibly will reverse.
Ok forget it.
  • #834,800
  • Sep 12, 2013 12:46pm Sep 12, 2013 12:46pm
Quoting Pharm0r
I dont hate attila, it was a joke.
ok, my english humour missed it
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