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  • #846,861
  • Oct 24, 2013 11:16am Oct 24, 2013 11:16am
Quoting ffleo
{quote} how can you forget this direction? {image}
Now that we have narrowed it down to only 3 picture's, All we have to do is figure out which one is right
A good trader follows his rules, but great trader knows when to break them
  • #846,862
  • Oct 24, 2013 11:18am Oct 24, 2013 11:18am
Quoting Miguel.N
{quote} for now side way, you are right !
Quoting Ken A
{quote} That's defying gravity
Quoting ill_be_back
{quote} Now that we have narrowed it down to only 3 picture's, All we have to do is figure out which one is right
euro is not licking a dough now?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,863
  • Oct 24, 2013 11:24am Oct 24, 2013 11:24am
Quoting Miguel.N
triangle signal given ! ...enough rest ! {image}
A pattern of short time frame for a short period of time is not going to cause a big breakout.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,864
  • Oct 24, 2013 11:25am Oct 24, 2013 11:25am
Quoting milam
{quote} SL @ BE +1
Closed, +21 pips
Wherever you go, there you are.
  • #846,865
  • Oct 24, 2013 11:29am Oct 24, 2013 11:29am
Quoting gatorinla
{quote} think it will make 3842?
I don't see that, just [1.34618-->1.36462]*2=1.38306, right below the 3832.6 (61.8-fib posted earlier).
  • #846,866
  • Oct 24, 2013 11:33am Oct 24, 2013 11:33am
Quoting gatorinla
{quote} 3715.4 is the mid to 3689.7 or a = distance above highs, 3818 or 3843. if we drop and make a new low today we should make 3715.. and the target at 3589 is valid.. in counter-trending, many times 3715 will be as low as it will go. we have a long term support at 3711 and a large resistance at 3799 and another at 3840,,,, i have 1.4148 as a target from months back. but before, most times we go to 3102 first. we reached an older target from 6 months back at 3739 this week.. most times after reaching...

i missed the 3766 ish entry.. 3817/18 mid with a close above 3820 is probably needed for bulls. ... in the exhausted ones the mids can change a direction. this one targets 3842.x .. its valid until either 3740 or target.
those who can, do. those who cant, talk about those who can
  • #846,867
  • Oct 24, 2013 11:34am Oct 24, 2013 11:34am
Quoting Mr Hatch
{quote} I don't see that, just [1.34618-->1.36462]*2=1.38306, right below the 3832.6 (61.8-fib posted earlier).

a micro,,,
those who can, do. those who cant, talk about those who can
  • #846,868
  • Oct 24, 2013 11:42am Oct 24, 2013 11:42am
Quoting Miguel.N
{quote} ...and soon... {image}
euro may still go up some. lots of longs of big guys need a higher level to unwind their positions. This also offer opportunity for long term shorts to start building positions. The oval area in the following weekly chart is best to build long term short positions,

Attached Image (click to enlarge)
Click to Enlarge Name: euro-wkly_026.png Size: 429 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,869
  • Oct 24, 2013 11:47am Oct 24, 2013 11:47am
Quoting Mr Hatch
{quote} I don't see that, just [1.34618-->1.36462]*2=1.38306, right below the 3832.6 (61.8-fib posted earlier).

i missed the 3766 entry... so far textbook. in the trend direction. in the same area as 3840 and 3832..
its why i was short against 92, with the tight stop. i went to bed.. to wake up with -7 or a top..
Attached Image
those who can, do. those who cant, talk about those who can
  • #846,870
  • Oct 24, 2013 11:48am Oct 24, 2013 11:48am
Quoting Miguel.N
for those who don't know, forex is a geometric shapes, the most commum are -> trend, triangle, and repetition * 3 like this chart ! ...just keep it simple! {image}
it is common across all markets with 3 legs up or 3 legs down, and later leg's length is shorter
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,871
  • Oct 24, 2013 11:54am Oct 24, 2013 11:54am
Quoting gatorinla
{quote} i missed the 3766 entry... so far textbook. in the trend direction. in the same area as 3840 and 3832.. its why i was short against 92, with the tight stop. i went to bed.. to wake up with -7 or a top.. {image}
possibly another shot at 3747/48 or 37871/2 with an even tighter stop.
  • #846,872
  • Oct 24, 2013 11:58am Oct 24, 2013 11:58am
Hi all, sorry to but into the convo but maybe someone wants to shed some light?

I love this, E/U just made a new TWO year high I think it was?!!! and look at the positions. AND Most are NOT position traders with 500 pip stops. soooo.

Sure, there will be a correction yet.. Come ON guys?

What is this?

Below.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #846,873
  • Oct 24, 2013 12:00pm Oct 24, 2013 12:00pm
and I know it's not just anticipation for a correction, it has been this way for WEEKS.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #846,874
  • Oct 24, 2013 12:00pm Oct 24, 2013 12:00pm
Quoting Mr Hatch
{quote} possibly another shot at 3747/48 or 37871/2 with an even tighter stop.
see how this week closes. we did not touch this week pivot. it is rare to miss the pivot two weeks in a row. next week pivot projection atm is 3760
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,875
  • Oct 24, 2013 12:10pm Oct 24, 2013 12:10pm
Quoting gatorinla
{quote} i missed the 3766 ish entry.. 3817/18 mid with a close above 3820 is probably needed for bulls. ... in the exhausted ones the mids can change a direction. this one targets 3842.x .. its valid until either 3740 or target.
I lost a long trade on this ^*$#%(er the past two days for 140 pip tp that was no doubt exceeded by 40 pips.

The TP was for 140 just around 3800 - yet the order was to "cheap" trying to save a few pips - 20 maybe...

Welp, live and learn, I would have settled for 100 pips than no trade...

Next time.

DXY not looking too hot - New 52 week low is definitely on the board.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #846,876
  • Oct 24, 2013 12:16pm Oct 24, 2013 12:16pm
Quoting ffleo
{quote} see how this week closes. we did not touch this week pivot. it is rare to miss the pivot two weeks in a row. next week pivot projection atm is 3760
even for a daily pivot (the purple line in the following chart), the price tries not to miss the pivot two days in a row,

Attached Image (click to enlarge)
Click to Enlarge Name: euro-dlypivot_027.png Size: 36 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,877
  • Oct 24, 2013 12:17pm Oct 24, 2013 12:17pm
Quoting XTrade
Hi all, sorry to but into the convo but maybe someone wants to shed some light? I love this, E/U just made a new TWO year high I think it was?!!! and look at the positions. AND Most are NOT position traders with 500 pip stops. soooo. Sure, there will be a correction yet.. Come ON guys? What is this? Below. {image}
you tell me, are u one who bought the b/o at 3792 and tp at 3820? or did u let those profits go to b.e. and were stopped out? or even worse not b.e. and stopped out at 3766 on that b/o buy? personally i made 80 pips and lost 3... the guys holding from much lower haven't made a dime till they close some trades if they haven't already
those who can, do. those who cant, talk about those who can
  • #846,878
  • Oct 24, 2013 12:22pm Oct 24, 2013 12:22pm
Quoting gatorinla
{quote} you tell me, are u one who bought the b/o at 3792 and tp at 3820? or did u let those profits go to b.e. and were stopped out? or even worse not b.e. and stopped out at 3766 on that b/o buy? personally i made 80 pips and lost 3... the guys holding from much lower haven't made a dime till they close some trades if they haven't already
always take partial profit, reload back, take partial, reload back. rinse and repeat. people holding a whole position from one fixed point to another fixed point wont make money efficiently.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,879
  • Oct 24, 2013 12:23pm Oct 24, 2013 12:23pm
Thanks Goldman -

We appreciate your input.......

http://www.efxnews.com/story/21367/d...-goldman-sachs
I don't trust any move - when you have profit...take it.
  • #846,880
  • Oct 24, 2013 12:24pm Oct 24, 2013 12:24pm
Quoting ffleo
{quote} even for a daily pivot (the purple line in the following chart), the price tries not to miss the pivot two days in a row, {image}
it is a rule of thumb (add a toe if you like), price tries not to miss daily pivot, weekly pivot, monthly pivot, two times in a row.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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