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  • #867,141
  • Jan 1, 2014 5:20pm Jan 1, 2014 5:20pm
Quoting rudimente
gewitter suckers.. {image}
Good luck.
  • #867,142
  • Jan 1, 2014 5:34pm Jan 1, 2014 5:34pm
GC is testing reasonable previous highs / resistance Daily, missing data (gap?) is little misleading however if look left the beautiful bull bar full range attempt previous range to BO failed, but laid the platform for another attempt which was initiated with a missing data (gap) this attempt was successful in breaking the range and still unclosed, so this missing data (gap) could prove to be the same providing the energy to continue her train north :-) unexpectedly , cause on daily and weekly, bounce north is still strong :-)
? is, will she stay in range or bo north ???
Attached Image (click to enlarge)
Click to Enlarge Name: GC Daily.png Size: 43 KB
If you are new to Forex? Say Goodbye to your account!!
  • #867,143
  • Edited 6:28pm Jan 1, 2014 6:12pm | Edited 6:28pm
Quoting infinitus
{quote} please clarify: what do you mean with "average" normally, when price retests such a zone, one looks first to the left side of the chart to look, if that zone was consolidating range beforehand. Then one looks, if this consolidating range beforehand was "incline-base-incline-formation" or "decline-base-decline-formation". If you like to go short on a retest of such a zone, the zone should be a "decline-base-decline-formation". This zones are most of the time zones of imbalance. Qualifier for this are a) low volume in this zone beforehand...
In this particular case I used the 20 ema as an average, but someone can use something else that makes him feel comfortable.

When prices bounces a few time going upwards between the average and the lid of the consolidation following HL's and HH's from that consolidation, shows me that the lid is where bears are defending their position and below that shows me that the bulls are advancing defending the previous swing low, at each attempt with each reactions corresponds in more participant entering the market, more the indecision into that range more the participation (more entering).
Of course it not always that linear, sometime a swing low may be breached, just to be reconquered by the bulls (double bull flag), and so on…...
Bigger the congestion bigger the tension, at one point one has to let go……….

To me the underlying market tells me that the way of the least resistance is up, when it gets there once more or for the first time, bouncing between the average and the lid, it show me that that bears may let go of the"rope" when it breaks, recognising that their decision was wrong and they will become bulls by covering………..

That is were I jump in, when everything is already decided, I make them fight, I do not get involved, I will only get involved if I have to make money, I do not care to be right, I can do very good things with your money.

Sometime it take hours (as scalping, days for longer terms) watching the screen without doing anything and when it breaks, the TP is reached in less than 1 minute due to this "double pressure".
Wherever you go, there you are.
  • #867,144
  • Jan 1, 2014 7:01pm Jan 1, 2014 7:01pm
Quoting milam
{quote} In this particular case I used the 20 ema as an average, but someone can use something else that makes him feel comfortable. When prices bounces a few time going upwards between the average and the lid of the consolidation following HL's and HH's from that consolidation, shows me that the lid is where bears are defending their position and below that shows me that the bulls are advancing defending the previous swing low, at each attempt with each reactions corresponds in more participant entering the market, more the indecision into that...
most often it breaks out a little and then reverse back. It is good for a few pips scalp, but it is very good for a swing reverse.

Attached Image (click to enlarge)
Click to Enlarge Name: cable- i7860-TDA_030.png Size: 291 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,145
  • Jan 1, 2014 7:09pm Jan 1, 2014 7:09pm
Quoting ffleo
{quote} most often it breaks out a little and then reverse back. It is good for a few pips scalp, but it is very good for a swing reverse. {image}
Flleo, you are not listening, there is not pretension before those BO, read again………In my previous post I mentioned that I will not enter if it breaks strong, but only if the lid is retested as a PB. Beside, before the BO there is no consolidation….We were talking about consolidation…..

chat later..
Wherever you go, there you are.
  • #867,146
  • Jan 1, 2014 7:31pm Jan 1, 2014 7:31pm
Quoting Davit
{quote} No offense but posts like yours is getting tiring. Your fking trend does end!Simple as that!Don't believe me? pull a fking weekly monthly chart AND LOOK!Did you happened to see endless move up or down?No ?so kindly STFU I am getting tired of trend worshipers .Keep buying that's all I can say!I just put a yellow boxes for obvious reference of a "trend" People forget about one of the most important element TIME {image}
Lemme guess: you're short the Euro?
  • #867,147
  • Jan 1, 2014 7:41pm Jan 1, 2014 7:41pm
Quote
Your fking trend does end!Simple as that!Don't believe me? pull a fking weekly monthly chart AND LOOK!

I'm looking...

https://imageshack.us/a/img20/5784/yk2y.jpg
  • #867,148
  • Edited 8:07pm Jan 1, 2014 7:57pm | Edited 8:07pm
Trading...

There are different styles and strategies..

Someone is a scalper, arbitrager, carry chaser, Intraday, long term, short term..
Different ways to skin the market. And we are all using different [some] tools.. where many are waiting on confirmation, then many thing that when something is confirmed is a little bit too late.. but you know what ??

It all works and it doesnt.. really depends of Trader's Business model..

To be successful trader is not good enough to come here and bid some levels, then quote them later saying that you were right.. !!! there are much more than that.
Money management, how you are trading when you are Right, How you are trading when you are wrong.. ect...

Account balance maybe is not a reflection of your current intelligence and experience... But it is a REFLECTION OF YOUR CURRENT MINDSET !!
  • #867,149
  • Jan 1, 2014 8:11pm Jan 1, 2014 8:11pm
Quoting Jason W
{quote} I'm looking... {image}
you completely ignored things that happened before May 2013
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,150
  • Jan 1, 2014 8:29pm Jan 1, 2014 8:29pm
The EURO Daily trend will be broken quite soon, its not a question of when but what ? ... I'm half right, half wrong about my estimation " that i can't find a reason for someone to hold the Euro Long for at least a week ", but what later on i realized " that no one , at the same time , want to hold the Dollars too " ( In Hind sight, maybe this is why price went above and below 1.38 only to returned back to the range again )

How far down ? ... Well, a number that has the number " 3 " in it ! For now, markets can't find a reason for Euro to go lower.

Can a bullish move above 1.38 be sustianed for at least a week or two ? ... NO

Will it happen ? ... yes, and i'm waiting patiently for 1.399X to confirm it
"It's the Margin, Stupid."
  • #867,151
  • Jan 1, 2014 8:44pm Jan 1, 2014 8:44pm
All right, I'm out of here, but before I go, for the next 2-3 days I think the path of least resistance is UP, and 3900 will be seen again.
  • #867,152
  • Jan 1, 2014 9:03pm Jan 1, 2014 9:03pm
Boomerang Update:
July --> August --> September--> November --> December
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-20131231-Boomerang.png Size: 79 KB


Critical month coming up.. good odds for our beloved Euro to print the year high or low in January..
Boomerang riders & bag holders may want to keep an eye on Cable & the EURGBP guide dog for clues..@_@
  • #867,153
  • Jan 1, 2014 9:05pm Jan 1, 2014 9:05pm
Where do you see the High and or Low of EUR/USD by January 31, 2014

Will The Equity Markets Sell Off in January and if so how will it affect US Dollar Index.
  • #867,154
  • Jan 1, 2014 10:33pm Jan 1, 2014 10:33pm
M and W are a powerful pattern.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,155
  • Jan 1, 2014 10:34pm Jan 1, 2014 10:34pm
Quoting attila
{quote} How do generals use the map and different strategies while waging war? Same thing... The chart is like a map.. There are camps (consolidations), supply lines (distance from the last consolidation to where the price is atm), number of troops (volume), front lines (important levels), decoys (testing levels), misinformation (news rumors), how's the move? slow and steady while securing gained ground, or is it fast stretching the supply lines...and on and on.. same thing.. As to trading inside consolidations.... Everything is a consolidation,...
Wherever you go, there you are.
  • #867,156
  • Jan 1, 2014 10:47pm Jan 1, 2014 10:47pm
Quoting attila
{quote} How do generals use the map and different strategies while waging war? Same thing... The chart is like a map.. There are camps (consolidations), supply lines (distance from the last consolidation to where the price is atm), number of troops (volume), front lines (important levels), decoys (testing levels), misinformation (news rumors), how's the move? slow and steady while securing gained ground, or is it fast stretching the supply lines...and on and on.. same thing.. As to trading inside consolidations.......
Yes, they do ..................... but most here are just soldiers.
The Thief of Wall Street
  • #867,157
  • Jan 2, 2014 12:41am Jan 2, 2014 12:41am
Quoting Chicky
{quote} Do you think we are stupid? I am refering to all these "My Blogs" {image}
lol, chicky, you are fast.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,158
  • Jan 2, 2014 12:44am Jan 2, 2014 12:44am
before i go back to sleep, i expect euro to go down some
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #867,159
  • Jan 2, 2014 12:45am Jan 2, 2014 12:45am
Chicky, did I get the axe too? Saw my post vanish in front of my eyes. Trauma.
The price will go where it has to go.
  • #867,160
  • Jan 2, 2014 12:51am Jan 2, 2014 12:51am
Quoting Chicky
{quote} No, it wasn't me. But don't worry, I also frequently see my posts disappear.
No worries. My account does that on me so often that I don't mind much.
The price will go where it has to go.
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