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  • #890,021
  • Apr 14, 2014 6:48pm Apr 14, 2014 6:48pm
Quoting needpips
{quote} new support? {image}
it looks to test wedge support (daily/weekly) but until those break, bullish.

Draghi wouldn't have been talking this past weekend if he didn't think there was upward pressure on the Euro. Until they act (actions speak louder than words) .. bullish .. been buying dips and will do so until they pull the trigger.

If that wedge breaks down, it has 1.3475, 1.33, 1.3090, 1.27xx to get through, and each one of those is where I will short on a retest (support turned resistance) after bounce.

This maybe the start of a yearly setup to test 1.187x-1.205x by 2015
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  • #890,022
  • Apr 14, 2014 7:19pm Apr 14, 2014 7:19pm
1 more smaller move down and we go back up or we go back up from here. Either way its going back up.

Not a BIG move back up, but a retracement from this down move that took place over the last 13 hours im thinking. But I am not calling a sustained long move up. Just a retrace. IT COULD be part of a continuation up but who knows.
The coincidental success is more dangerous than the expected failure
  • #890,023
  • Apr 14, 2014 7:23pm Apr 14, 2014 7:23pm
Quoting Magix
{quote} M1 EA - Profits on the day. This is my live EA account. A nice little boredom supplement. EU, AU, GU. {image}

Yes, good on you buddy, but I cannot trade those time frames anymore, I think I am going to settle with the 4h tf and I am looking for 1 to 2 trades per week, risking 5% per trade and no Target profits.

The idea is to constantly view the market, not to take trades by impulse but more on timing, in brief trying to trade without trading, I know it sounds bizarre, but this is the way I want to follow, I will keep you update….
Wherever you go, there you are.
  • #890,024
  • Apr 14, 2014 7:25pm Apr 14, 2014 7:25pm
Quoting Magix
{quote} I was a little off on my original forecast...by like 15 pips...but hey, that's pretty fucking good if you stack my record up against the pros.. But..... What I am seeing is this... Current support range based on the HG fill from last week. Could we still head down? Fuck yeah! But... I ain't seeing that...Cable has to finish fucking around and AUD the same...once them lazy pricks get in line, I think we will see the slingshot north. I'm not in yet...but it is just what the charts are telling me. Once I have confirmation, I will hammer this...
FWIW H4 is basing at the moment... doesn't mean squat because current wave momentum is still down... and it based during the lull hours of the day, but if the lower charts show some action before bed (m15 can't even get a hh right now...), i'd be willing to risk a few shillings for an attempt for trend resumption. We could also drop to the 3796 3742 area too. Let's see.
  • #890,025
  • Apr 14, 2014 7:26pm Apr 14, 2014 7:26pm
Quoting milam
{quote} Yes, good on you buddy, but I cannot trade those time frames anymore, I think I am going to settle with the 4h tf and I am looking for 1 to 2 trades per week, risking 5% per trade and no Target profits. The idea is to constantly view the market, not to take trades by impulse but more on timing, in brief trying to trade without trading, I know it sounds bizarre, but this is the way I want to follow, I will keep you update….
Something I discovered several years back... This business isn't fun being a slave to the charts... different strokes and all that though.


I much prefer my alcohol dependency!
  • #890,026
  • Apr 14, 2014 7:26pm Apr 14, 2014 7:26pm
Quoting Venice
{quote} FWIW H4 is basing at the moment... doesn't mean squat because current wave momentum is still down... and it based during the lull hours of the day, but if the lower charts show some action before bed (m15 can't even get a hh right now...), i'd be willing to risk a few shillings for an attempt for trend resumption. We could also drop to the 3796 area too. Let's see.

Well, 3796 would have to be a short term target I trust. Cause we are very close to that level and is no indication of a downtrend. At least from a 1H chart and above point of view.
The coincidental success is more dangerous than the expected failure
  • #890,027
  • Apr 14, 2014 7:29pm Apr 14, 2014 7:29pm
Quoting Neqrotik
{quote} Well, 3796 would have to be a short term target I trust. Cause we are very close to that level and is no indication of a downtrend. At least from a 1H chart and above point of view.
Correct... next demand level down on the H4. 70-80 pips is a little too much for my risk appetite for the H4 chart. Meaning, i'll play the current base, but for 3796 3742 to be in play (for me), price needs to be much closer.

Edit: Whoops. I meant 3742. Derp.
  • #890,028
  • Apr 14, 2014 7:31pm Apr 14, 2014 7:31pm
Quoting milam
{quote} Yes, good on you buddy, but I cannot trade those time frames anymore, I think I am going to settle with the 4h tf and I am looking for 1 to 2 trades per week, risking 5% per trade and no Target profits. The idea is to constantly view the market, not to take trades by impulse but more on timing, in brief trying to trade without trading, I know it sounds bizarre, but this is the way I want to follow, I will keep you update….
They are all the same my friend...only the range changes.

My application of the M1s has proven pretty accurate on all...across the board, all pairs.

Think fractal and apply it to the amount of time you want to commit. When you get there and can define it..let me know, I will code that shit up for ya.

You want to trade without trading...I think I can work with ya on this...If you can put it into words, I should be able to put it into code.

There is a whole new world of shit that I can walk you through...you might be amazed...

Last piece of code I released publicly...

LINK
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,029
  • Apr 14, 2014 7:33pm Apr 14, 2014 7:33pm
Quoting Venice
{quote} FWIW H4 is basing at the moment... doesn't mean squat because current wave momentum is still down... and it based during the lull hours of the day, but if the lower charts show some action before bed (m15 can't even get a hh right now...), i'd be willing to risk a few shillings for an attempt for trend resumption. We could also drop to the 3796 3742 area too. Let's see.
H4 might be, but D1 isn't.

We all pay to play.

Nice to see yaz V-Dawg!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,030
  • Apr 14, 2014 7:35pm Apr 14, 2014 7:35pm
Quoting Magix
{quote} H4 might be, but D1 isn't. We all pay to play. Nice to see yaz V-Dawg!
You as well Magix!! Only thing on the daily is price getting caught up in the highs of 4/1 and 4/2. Sometimes these bounce, sometimes they don't.
  • #890,031
  • Apr 14, 2014 7:37pm Apr 14, 2014 7:37pm
Quoting Venice
{quote} Correct... next demand level down on the H4. 70-80 pips is a little too much for my risk appetite for the H4 chart. Meaning, i'll play the current base, but for 3796 3742 to be in play (for me), price needs to be much closer. Edit: Whoops. I meant 3742. Derp.
I would say we are probably a lot closer than you think. There is an inverted H&S neckline that price used as support 8 hours ago. If it breaches that I would say it would get even more attractive to play a short to that level.


So if we break 3800 with a good close below we could see 3742
The coincidental success is more dangerous than the expected failure
  • #890,032
  • Apr 14, 2014 7:40pm Apr 14, 2014 7:40pm
Quoting Venice
{quote} You as well Magix!! Only thing on the daily is price getting caught up in the highs of 4/1 and 4/2. Sometimes these bounce, sometimes they don't.
A drop without confirmation is a retrace.

It's there brother...just a matter of seeing it.

These here charts have been playing a great game of "Hide and Go Fuck Yourself", but if you look real close like...

It's like finding the hidden pictures in a Highlight mag.

Every once in a while, they go out of their way to fuck ya...but it's all in the spirit of the game. Right or wrong, only a matter of time...they HAVE TO play the same money. It's what they do.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,033
  • Apr 14, 2014 7:45pm Apr 14, 2014 7:45pm
Quoting Magix
{quote} A drop without confirmation is a retrace. It's there brother...just a matter of seeing it. These here charts have been playing a great game of "Hide and Go Fuck Yourself", but if you look real close like... It's like finding the hidden pictures in a Highlight mag. Every once in a while, they go out of their way to fuck ya...but it's all in the spirit of the game. Right or wrong, only a matter of time...they HAVE TO play the same money. It's what they do.
Oh no kidding... i've always described price as the biggest player of the Kansas City Shuffle... gotta love this stuff:



Quote
In order for a confidence game to be a "Kansas City Shuffle" the mark must be aware that he is involved in a con, but also be wrong about how the con artist is planning to deceive him. The con artist will attempt to misdirect the mark in a way that leaves him with the impression that he has figured out the game and has the knowledge necessary to outsmart the con artist, but by attempting to retaliate, the mark unwittingly performs an action that helps the con artist to further the scheme

Price is the con artist, and we are the mark in on the false con.

Slightly off base... but entertaining none the less.
  • #890,034
  • Apr 14, 2014 7:54pm Apr 14, 2014 7:54pm
Quoting Venice
{quote} Oh no kidding... i've always described price as the biggest player of the Kansas City Shuffle... gotta love this stuff: {quote} Price is the con artist, and we are the mark in on the false con. Slightly off base... but entertaining none the less.
Lucky Number Sleven!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,035
  • Apr 14, 2014 8:07pm Apr 14, 2014 8:07pm
Quoting Venice
{quote} Something I discovered several years back... This business isn't fun being a slave to the charts... different strokes and all that though. I much prefer my alcohol dependency!
Wherever you go, there you are.
  • #890,036
  • Edited 8:38pm Apr 14, 2014 8:25pm | Edited 8:38pm
Quoting Magix
{quote} They are all the same my friend...only the range changes. My application of the M1s has proven pretty accurate on all...across the board, all pairs. Think fractal and apply it to the amount of time you want to commit. When you get there and can define it..let me know, I will code that shit up for ya. You want to trade without trading...I think I can work with ya on this...If you can put it into words, I should be able to put it into code. There is a whole new world of shit that I can walk you through...you might be amazed... Last piece of...

In brief, if we know how to draw trend lines (yes trend lines), prices will respond to them somehow, in the 4h TF the response will be greater than the 5m tf (as you know). Once prices get there, the experience of the trader kicks in by being able to read the PA in the proper manner. Only clear signals are taken, patience is needed, because it can take a bit of time to unravel..

Last week I only had one trade and I returned a bit more than 9%, fear did kick and I covered before the time, could have been 20%, which is not bad…… I can add much more on this but I need to run….Ta
Wherever you go, there you are.
  • #890,037
  • Apr 14, 2014 8:28pm Apr 14, 2014 8:28pm
AUSSIE RELEASE IN COUPLE MINUTES LOOK​S LIKE LEAKED
If you are new to Forex? Say Goodbye to your account!!
  • #890,038
  • Apr 14, 2014 8:50pm Apr 14, 2014 8:50pm
Any currency traders here? I have a question.
The Thief of Wall Street
  • #890,039
  • Apr 14, 2014 8:52pm Apr 14, 2014 8:52pm
Yuan through 6.23... now under 500 pips from the bottom of the band. If it ever gets there... pray for the US bond market.
Twitter: @TrendersGame
  • #890,040
  • Apr 14, 2014 8:55pm Apr 14, 2014 8:55pm
Quoting Magix
{quote}
Highlight mag. Every once in a while, they go out of their way to fuck ya...but it's all in the spirit of the game. Right or wrong, only a matter of time...they HAVE TO play the same money. It's what they do.
its been a while. a good description. and as time passes they are harder to see. and as time passes new ones form contradicting others.
Attached Image
those who can, do. those who cant, talk about those who can
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