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  • #850,601
  • Nov 5, 2013 6:31pm Nov 5, 2013 6:31pm
it's unfair..236 tested 3 times and 618 only tested 1 time..
on the house
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  • #850,602
  • Nov 5, 2013 6:36pm Nov 5, 2013 6:36pm
do we expect much movement or should i hold my longs until london opening
  • #850,603
  • Nov 5, 2013 6:48pm Nov 5, 2013 6:48pm
Quoting weathercheck
do we expect much movement or should i hold my longs until london opening
that depends on your pain threshold.

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #850,604
  • Nov 5, 2013 6:55pm Nov 5, 2013 6:55pm
Quoting KiwiTrada
{quote} yup could be, everything getting so compressed, been boring to watch, but has to happen I guess there is aussie trade balance in 10minutes
very little reaction after aussie data....
oh well~ nap time...
Patience, Emotion Control and Discipline.
  • #850,605
  • Nov 5, 2013 6:56pm Nov 5, 2013 6:56pm
Quoting enterfx
The monthly bearish flagpattern looks about done. However it could still make a new high within the flag Wich patch do you think guys, Pink or blue? {image}
both possible, let see if 1.3440 holds the bear first.
Patience, Emotion Control and Discipline.
  • #850,606
  • Nov 5, 2013 6:57pm Nov 5, 2013 6:57pm
Quoting ffleo
{quote} that depends on your pain threshold. {image}
Why would you consider holding something that doesn't move as painful ?

I am long too, it's dull as hell. I might go add some shorts to make it double dull.
  • #850,607
  • Nov 5, 2013 7:11pm Nov 5, 2013 7:11pm
from my view,
if bear could make it below 3452, we are seeing a path to at least 3314 at 50fib.

btw hi peeps. trade well. stop the loss, and gain the profit!
be safe.
  • #850,608
  • Nov 5, 2013 7:11pm Nov 5, 2013 7:11pm
Quoting johncen
{quote} very little reaction after aussie data.... oh well~ nap time...
nap time , moved to different country ? good yo see back
Mohan
  • #850,609
  • Nov 5, 2013 7:18pm Nov 5, 2013 7:18pm
So far so good for me, last 32 positions without a single loss. However, I have opted to sell EU before Draghi speech and Rate decision taking place tomorrow, let's see how it spans out as it is still hovering at that trendline support...
  • #850,610
  • Nov 5, 2013 7:40pm Nov 5, 2013 7:40pm
Quoting mohan76
{quote} nap time , moved to different country ? good yo see back
yes bro I am back!
hows trading and hows life?

Nap time = back to my day job, back before london
Patience, Emotion Control and Discipline.
  • #850,611
  • Nov 5, 2013 7:44pm Nov 5, 2013 7:44pm
Quoting ffleo
{quote} do you have a strategy to cover both scenarios, since both of them point to the same destination?

Yes. I believe that we currently have a 4th wave triangle in progress with a new low, before a larger upmove. If the upmove looks corrective, I'll stick with the pink scenario. However it looks pretty oversold atm so I remain open minded...


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 77 KB
  • #850,612
  • Nov 5, 2013 7:46pm Nov 5, 2013 7:46pm
Quoting johncen
{quote} yes bro I am back! hows trading and hows life? Nap time = back to my day job, back before london
so far good , looks pa just going to move left and right till ECB. drahi have final says
Mohan
  • #850,613
  • Nov 5, 2013 7:53pm Nov 5, 2013 7:53pm
Quoting Magix
{quote} I see no market relevance with any line you have drawn on your chart. Especially on the Stochastics. You are guessing a trend reversal...certain suicide, especially when you are trying to guess on the MN charts.

You're right. I always trade on lower tf's. My point is that we do have a flag pattern and if it pans out it could be significant. I'm also open to new highs so I'm not guessing out of "thin air". Thanks for ur input.
  • #850,614
  • Nov 5, 2013 7:56pm Nov 5, 2013 7:56pm
Quoting enterfx
My point is that we do have a flag pattern and if it pans out it could be significant.

And, what pattern do you see in the following?

If it pans out, what could it mean?
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,615
  • Nov 5, 2013 8:02pm Nov 5, 2013 8:02pm
Quoting gatorinla
{quote} this is the only one i find on a eu month chart. last month is not perfect. its more then the 10% usually used. ... but it fit my other signs.. in the one in the chart was a 4100 pip drop on the eu {image}
Quoting gatorinla
this one is comparable (Tan), neither is a true hammer ( or i hammer).. both are the weaker color for reversal. ... {image}
this may clear up some of your mofu confusions even-though you claim to have a "dislike for thinking"..
Attached Image (click to enlarge)
Click to Enlarge Name: EU MN1-20131106 +GU+UJ.png Size: 77 KB
  • #850,616
  • Nov 5, 2013 8:04pm Nov 5, 2013 8:04pm
Okay, quite vague in my analysis above...

But what I am saying is each candle down to the 20 second mark is a part of a much larger candle.

Guessing the month off of the first 3 trading days, in most cases, will not play out well.

We are coming into close of year, making this the most important candle in a mtf analysis.

Are we above or below the open of this candle?

What was the Yearly Candle Prior?

If you do trade the lower TFs, and I would recommend this, study the relation of each multiple of the candle. Watch for the importance.

Dos Centavos.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,617
  • Nov 5, 2013 8:08pm Nov 5, 2013 8:08pm
And, if you want to work with indicators...get to know their relation and how they work instead of forecasting their turns.

Every Mechanic, Dentist, Doctor, Technical Analyst should know the tools of their trade before they use them.

Here is an example of stochs trading the M1 time frame on the week, GU, EU, AU, EJ, UJ. (EA)
Attached Image (click to enlarge)
Click to Enlarge Name: mtfs.png Size: 33 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,618
  • Nov 5, 2013 8:10pm Nov 5, 2013 8:10pm
Downtrend resumes. We're going to 1.32 or lower. Any retraces should be good selling opportunities IMO.

Seems a lot of shorts have covered and now are going long. The rally happened when people were overly short. Things have changed.

We'll see....
  • #850,619
  • Nov 5, 2013 8:24pm Nov 5, 2013 8:24pm
Quoting Ck87
Downtrend resumes. We're going to 1.32 or lower. Any retraces should be good selling opportunities IMO. Seems a lot of shorts have covered and now are going long. The rally happened when people were overly short. Things have changed. We'll see....

This may come off as a little sharpish, and you may even feel the need to defend yourself...

Don't bother.

What I think you should do, is bookmark this post. If you are around in a couple years, read it again.

Then, when somebody else comes up with something as stupid, you pass along this same piece of advice.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,620
  • Nov 5, 2013 8:28pm Nov 5, 2013 8:28pm
Quoting Magix
{quote} And, what pattern do you see in the following? If it pans out, what could it mean? {image}

That means you are one h... of a trader if you can trade that chart..........


I read your other posts. of course I do intraday and EW analyses. (also on M1)
Next major move will likely be to the upside, after a new low. Looking to buy @ 3390/3420 area. TP will depend on the structure of the move.
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