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  • #856,521
  • Nov 26, 2013 3:34am Nov 26, 2013 3:34am
eurcad and eurjpy, (and perhaps others if I was to look) have broken strong high tf trend lines. maybe false bo's but maybe a hint.
As the lights go by so too do the shadows move
  • #856,522
  • Nov 26, 2013 3:35am Nov 26, 2013 3:35am
Quoting milam
{quote} . {image}
do you have formula to determine the minimum projection of continuation hns?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #856,523
  • Nov 26, 2013 3:36am Nov 26, 2013 3:36am
i still think maxdoom's levels of 1.3578 will cap it for today. no matter what news comes today
  • #856,524
  • Nov 26, 2013 3:39am Nov 26, 2013 3:39am
I think they are absorbing the (late) buyer now, I could be wrong though
In the end its just a stupid numbers game
  • #856,525
  • Nov 26, 2013 3:40am Nov 26, 2013 3:40am
Quoting giveachance
{quote} to support your views I found this http://www.forexfactory.com/news.php?do=news&id=459198
Yeah, saw that too.
  • #856,526
  • Nov 26, 2013 3:41am Nov 26, 2013 3:41am
Quoting ud1nh0
{quote} do you have formula to determine the minimum projection of continuation hns?
there are a few, the classic one is the projection from the break out of the neck line measured from the height of the head to the neck line as I showed on my previous post.
Wherever you go, there you are.
  • #856,527
  • Nov 26, 2013 3:41am Nov 26, 2013 3:41am
Quoting milam
{quote} . {image}
This person only has 1 arm?
Even the worst trade can close with profit. Just give it time.
  • #856,528
  • Nov 26, 2013 3:44am Nov 26, 2013 3:44am
Quoting milam
{quote} there are a few, the classic one is the projection from the break out of the neck line measured from the height of the head to the neck line as I showed on my previous post.

line charting at closing or at the spike?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #856,529
  • Nov 26, 2013 3:47am Nov 26, 2013 3:47am
Quoting ud1nh0
{quote} do you have formula to determine the minimum projection of aggressive cup n handle?
I usually try to not project. Look for strong support/resistance levels, recent highs (while long), 1:1. all depends on market sentiment. S/R is what I look the most at. In this situation, if EURUSD goes up I'll watch price at 1.3650-1.3700, maybe take partial TP there and if we move higher I'll add back to the position above 1.3700. If that scenario works I'll anticipate EURUSD to reach tops at 1.3800-1.3830.
I know that there is a lot of "IF", but that's how I look at trading: if something happens i do this, if it fails i'll do that - alternatives. Think also about strategic places to trade, where this type of thinking makes sense
Price Action + KISS + PIE = Forex-Entourage
  • #856,530
  • Nov 26, 2013 3:47am Nov 26, 2013 3:47am
euro should pullback to 134.65
  • #856,531
  • Nov 26, 2013 3:48am Nov 26, 2013 3:48am
Quoting giveachance
i still think maxdoom's levels of 1.3578 will cap it for today. no matter what news comes today
If 1.357 holds I am looking for a move below .346 before bears are in play and watching maxdoom's level too.
As the lights go by so too do the shadows move
  • #856,532
  • Nov 26, 2013 3:50am Nov 26, 2013 3:50am
Quoting John Gray
{quote} {quote} Hello Max, Been a while! Hope your trading is going well. My analysis is as follows: (Weekly, have not shown sub-targets for D1) Triple Dive - following targets as given on chart - 1.315, with a retracement max R of 1.35, then 1.3000. In terms of closer timeframes... I will post something later no doubt. IN short, I am bearish. {image}
hi, indeed it has been a while since I posted here, not sure much has changed, we shall see.....

regarding that weekly outlook I see a correction that probably completed when it reacted violently to the 61.8% 1.383x level, IF price makes it above this level then anything up to 1.43 is open but I would put that in the low probability bucket.

add in the daily view I posted and I am only taking shorts and only at the right opportunities. 1.3600 - 1.3830 is a complete dead zone for me I won't trade in there for directional or big moves.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-sbWeekly 2013 Nov 26 A.png Size: 17 KB
  • #856,533
  • Nov 26, 2013 3:51am Nov 26, 2013 3:51am
Quoting pipsane
{quote} I usually try to not project. Look for strong support/resistance levels, recent highs (while long), 1:1. all depends on market sentiment. S/R is what I look the most at. In this situation, if EURUSD goes up I'll watch price at 1.3650-1.3700, maybe take partial TP there and if we move higher I'll add back to the position above 1.3700. If that scenario works I'll anticipate EURUSD to reach tops at 1.3800-1.3830. I know that there is a lot of "IF", but that's how I look at trading: if something happens i do this, if it fails i'll do that -...

yes, i understand. watch if 1.3650-1.3700 and don't add long there. and add if go higher than 1.3700, which position do you wish to add if it go higher than 1.3700 ?
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  • #856,534
  • Nov 26, 2013 3:57am Nov 26, 2013 3:57am
Quoting MaxDoom
{quote} hi, indeed it has been a while since I posted here, not sure much has changed, we shall see..... regarding that weekly outlook I see a correction that probably completed when it reacted violently to the 61.8% 1.383x level, IF price makes it above this level then anything up to 1.43 is open but I would put that in the low probability bucket. add in the daily view I posted and I am only taking shorts and only at the right opportunities. 1.3600 - 1.3830 is a complete dead zone for me I won't trade in there for directional or big moves. {image}...

this monthly outlook
where do you think will it go first?
1.43? 1.27 ?1.33 ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-w1-oanda-division1.png Size: 47 KB
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #856,535
  • Nov 26, 2013 3:58am Nov 26, 2013 3:58am
50dsma still capped the bull..1.36 in action too...

nothing has changed so far...
Patience, Emotion Control and Discipline.
  • #856,536
  • Nov 26, 2013 4:00am Nov 26, 2013 4:00am
Quoting milam
{quote} we are talking about H&S as a continuation pattern...
sure, I know where you coming from. continuation HnS are powerfull patterns. Names really don't matter as the most important (to me) is proper recognition of market participants behavior, anticipations and forces. Like right now we are loosing steam and might not BO up during Eurpean session, but maybe during US session, as participants may want to try to attack highs from euro session and mark HH/confirm uptrend
Price Action + KISS + PIE = Forex-Entourage
  • #856,537
  • Nov 26, 2013 4:02am Nov 26, 2013 4:02am
The up will continue. In exactly 90mins, eurusd will get close to 1.35389 and that should be a chance to jump in again!!!
  • #856,538
  • Nov 26, 2013 4:08am Nov 26, 2013 4:08am
Quoting Avir
Good Morning ! Today's S/R levels on MT4 Templates EURO CABLE AUDUSD http://www.forexfactory.com/showthre...24#post7113624
Added more..

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
S&P 500
GOLD

http://www.forexfactory.com/showthre...24#post7113624
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #856,539
  • Nov 26, 2013 4:10am Nov 26, 2013 4:10am
Quoting ud1nh0
{quote} yes, i understand. watch if 1.3650-1.3700 and don't add long there. and add if go higher than 1.3700, which position do you wish to add if it go higher than 1.3700 ?
not sure if i understand you good. Let me explain again: if we break 1.3580 up (and i'm long now) when price reaches 1.3650-1.3700 and builds short term consolidation I'll take 1/2 off (TP) rest of position on BE allready. If price breaks above 1.3700 then I'll add back the position that I closed on retracement to 1.3700. Since you never know if price breaks through support or resistance it's safer to TP and reenter. I rarely trade anticipation (like today) Most of my trades are taken on confirmation.
Price Action + KISS + PIE = Forex-Entourage
  • #856,540
  • Nov 26, 2013 4:19am Nov 26, 2013 4:19am
Quoting pipsane
{quote} not sure if i understand you good. Let me explain again: if we break 1.3580 up (and i'm long now) when price reaches 1.3650-1.3700 and builds short term consolidation I'll take 1/2 off (TP) rest of position on BE allready. If price breaks above 1.3700 then I'll add back the position that I closed on retracement to 1.3700. Since you never know if price breaks through support or resistance it's safer to TP and reenter. I rarely trade anticipation (like today) Most of my trades are taken on confirmation.

i understand now. thanks
i got a good lesson, confirmation comes first.
is the confirmation based on closing candle or spike? on which candle timeframe usually give clear confirmation?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
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