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Still Basketting

  • #7,361
  • Feb 14, 2014 4:12am Feb 14, 2014 4:12am
Quoting IgumzFx
Hello traders, please look at this and tell me what you feel {image}
What i see is that the YEN has been weak....
Attached Image (click to enlarge)
Click to Enlarge Name: koss.PNG Size: 48 KB
It is possible to make large sums trading, small losses, large wins
  • #7,362
  • Edited 4:43am Feb 14, 2014 4:18am | Edited 4:43am
Quoting forexdaist
{quote} Are you selling then? What do you mean with "continuation pattern"? Speedbaum? toni
Continuation pattern(Trend has not changed) is when price break the support or resistance there then pullback to retest the support or resistance forming a good candle pattern
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  • #7,363
  • Feb 14, 2014 5:30am Feb 14, 2014 5:30am
Just my Mood...Obviously

13,17 and 23RD JANUARY it was a strong Support
It broke 24th and became Resistance.
Now they are back at the strong wall...it seems they really want to break it,they have tried for about 11 candles (that is something..lol)
for one thing..the trend is up.
shows there is another new support at POINT B...around 215.100
If they break it POINT A..then probably goes up to next resistance at POINT C..around 232.530
but if they finally give up..then they move back down probably to POINT D.... 194.820

Also..just like Omadivi said...watch the yen....


Cheers.
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It Is Well With My Soul..(Amen)
  • #7,364
  • Feb 14, 2014 6:07am Feb 14, 2014 6:07am
sharemaster2, Please check your PM box...
Vincit qui se vincit.
  • #7,365
  • Feb 14, 2014 6:21am Feb 14, 2014 6:21am
Quoting babasemi
Just my Mood...Obviously 13,17 and 23RD JANUARY it was a strong Support It broke 24th and became Resistance. Now they are back at the strong wall...it seems they really want to break it,they have tried for about 11 candles (that is something..lol) for one thing..the trend is up. shows there is another new support at POINT B...around 215.100 If they break it POINT A..then probably goes up to next resistance at POINT C..around 232.530 but if they finally give up..then they move back down probably to POINT D.... 194.820 Also..just like Omadivi said...watch...
Sweet analysis.

The Basket behaviour presently is one that calls for watching & waiting.

"Blindly" following the IXO crosses at this point will only result in losses (small and large).

Price is in the process of EITHER breaking through the 224-226 STRONG resistance area OR falling like MAD down.

Whichever way it decides, we will be ready (and VERY willing) to rake in the pips!

Regards,

Ty
My job: I speculate and manage risk.
  • #7,366
  • Feb 14, 2014 6:25am Feb 14, 2014 6:25am
Quoting TyLamai
{quote} Sweet analysis. The Basket behaviour presently is one that calls for watching & waiting. "Blindly" following the IXO crosses at this point will only result in losses (small and large). Price is in the process of EITHER breaking through the 224-226 STRONG resistance area OR falling like MAD down. Whichever way it decides, we will be ready (and VERY willing) to rake in the pips! Regards, Ty
Bros what happened, u ve lost over 50% of ur acc?
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #7,367
  • Feb 14, 2014 6:28am Feb 14, 2014 6:28am
Quoting omadivi
{quote} What i see is that the YEN has been weak.... {image}
It ll be nice if u can share ur indicators and template so dt we can speak the same language.Thanks!
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #7,368
  • Feb 14, 2014 6:41am Feb 14, 2014 6:41am
Quoting Opemipo
{quote} Bros what happened, u ve lost over 50% of ur acc?
Lol Ope,

Nah...that's just a Non-Basketting-Related EA that is presently in DEEP Drawdown. But don't worry on my behalf - the account is well funded.

Ty
My job: I speculate and manage risk.
  • #7,369
  • Feb 14, 2014 6:46am Feb 14, 2014 6:46am
I have had T101Core 5 on a 240 minute chart for several days and done ok with it, I have closed it now as I see a double top and with a weekend coming I will cash in and see what next week brings.

Happy Valentines Day, everyone.!
  • #7,370
  • Feb 14, 2014 6:49am Feb 14, 2014 6:49am
Quoting Blaiserboy
I have had T101Core 5 on a 240 minute chart for several days and done ok with it, I have closed it now as I see a double top and with a weekend coming I will cash in and see what next week brings. Happy Valentines Day, everyone.!
What !TLE did you use?

Ty
My job: I speculate and manage risk.
  • #7,371
  • Feb 14, 2014 7:22am Feb 14, 2014 7:22am
THIS IS H4 CHART(offline)
We should see a breakout and a pullback to re-test the Resistance before we can think of bullish trend
Attached Image (click to enlarge)
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  • #7,372
  • Feb 14, 2014 7:40am Feb 14, 2014 7:40am
Quoting IgumzFx
THIS IS H4 CHART(offline) We should see a breakout and a pullback to re-test the Resistance before we can think of bullish trend {image}
Very nice analysis on PA guys, keep it coming, its starting to sink in to me now...lol...
i will just try to figure out how to ride it since i'm not always in front of the pc and i'm trying to do it manually.
thanks for all the ideas.
happy friday.

allan
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #7,373
  • Feb 14, 2014 8:31am Feb 14, 2014 8:31am
Just testing I_XO_A_H_MI indicator in EA for all pairs in H4 timeframe. EA is not optimalized. Red bars=sell, green bars buy, year 2013 till now. But results are interesting. Now I have some data for XoPanel.
Now I need to test it for basket charts. It will not be easy, but I have idea

https://docs.google.com/spreadsheet/...UE&usp=sharing

Mil
  • #7,374
  • Feb 14, 2014 8:50am Feb 14, 2014 8:50am
Sliver breaks out from two months tight range
Attached Image (click to enlarge)
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  • #7,375
  • Feb 14, 2014 10:20am Feb 14, 2014 10:20am
to meny strong resistance on basket7-yen-pairs.
when this basket, shoot out, from this consolidation zone, c14 will move in the same way, coz,.. I think basket7yen pairs its the heart and the power of c14..
I was working a little with this baskets and realaset that c14 have two strong grups.. dollar pairs and yen pairs..the yen grup are the engine, dollar its a break grup.I operated separatly c14 and 7yen pairs..

This week on kos 14 live account
3 loss-628 pips
1 win-600 pip.



http://charts.mql5.com/3/892/bskt07-...ri-limited.png
  • #7,376
  • Feb 14, 2014 10:49am Feb 14, 2014 10:49am
Quoting TyLamai
{quote} Sweet analysis. The Basket behaviour presently is one that calls for watching & waiting. "Blindly" following the IXO crosses at this point will only result in losses (small and large). Price is in the process of EITHER breaking through the 224-226 STRONG resistance area OR falling like MAD down. Whichever way it decides, we will be ready (and VERY willing) to rake in the pips! Regards, Ty
- So far the resistance has held...

- From this end, barring rumours or sudden EARTH-SHATTERING news, there isn't ANY news item capable of moving this basket today...

- The next potential market-moving news item is slated for Next Tuesday...

- The present status quo holds - for now.

Regards,

Ty
My job: I speculate and manage risk.
  • #7,377
  • Feb 14, 2014 11:18am Feb 14, 2014 11:18am
Quoting TyLamai
{quote} - So far the resistance has held... - From this end, barring rumours or sudden EARTH-SHATTERING news, there isn't ANY news item capable of moving this basket today... - The next potential market-moving news item is slated for Next Tuesday... - The present status quo holds - for now. Regards, Ty
Yes Sir.
You are right on the money....
You just spoke my mind...lol
Next Tuesday should be a good factor day...GBP and JPY news.

Cheers.
It Is Well With My Soul..(Amen)
  • #7,378
  • Feb 14, 2014 7:10pm Feb 14, 2014 7:10pm
Quoting TyLamai
{quote} What !TLE did you use? Ty
I am not too sure what a !TLE is, I just use the Heiken Ashi Smoothed on my chart, no ea.
  • #7,379
  • Feb 14, 2014 7:11pm Feb 14, 2014 7:11pm
Quoting IgumzFx
Sliver breaks out from two months tight range {image}

Which basket is silver in.?
  • #7,380
  • Feb 14, 2014 11:17pm Feb 14, 2014 11:17pm
Quoting TyLamai
{quote} - So far the resistance has held... - From this end, barring rumours or sudden EARTH-SHATTERING news, there isn't ANY news item capable of moving this basket today... - The next potential market-moving news item is slated for Next Tuesday... - The present status quo holds - for now. Regards, Ty
I hope it is not a live acc?
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
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