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  • #19,281
  • May 13, 2014 5:27am May 13, 2014 5:27am
Quoting egkid
{quote} We got bullish Cypher pattern on 4h SL@ 3730 AND us index as my previous post wait down move from 80 to 79.50 not bad R:R I'm long@3745
Now i understand this
low-volume area as a balloon. The surface of the balloon offers resistance to the probing of the tip of a pencil. Once the pencil
pierces the balloon, however, there is nothing to stop its
  • #19,282
  • May 13, 2014 5:45am May 13, 2014 5:45am
here you go EG.. most logical place to reverse
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  • #19,283
  • May 13, 2014 5:50am May 13, 2014 5:50am
Quoting jaylovin
here you go EG.. most logical place to reverse {image}
Well done J
it is mostly 3180 - 3140
Hope we get some of this cake later
  • #19,284
  • May 13, 2014 5:54am May 13, 2014 5:54am
Quoting egkid
{quote} Now i understand this low-volume area as a balloon. The surface of the balloon offers resistance to the probing of the tip of a pencil. Once the pencil pierces the balloon, however, there is nothing to stop its
Silly i reduced my profit of last weeks because didn't realize above fact early but ok we still have much time till final target to get green.
  • #19,285
  • May 13, 2014 5:58am May 13, 2014 5:58am
Quoting egkid
{quote} Well done J it is mostly 3180 - 3140 Hope we get some of this cake later

yes i have fibs running to 3167 on this... after that we can then look lower but i am looking for new major highs... euro is gonna screw all the long term bears imo.. shame i missed the short at the top.... day job ruined it for me
  • #19,286
  • May 13, 2014 8:23am May 13, 2014 8:23am
Quoting egkid
{quote} Silly i reduced my profit of last weeks because didn't realize above fact early but ok we still have much time till final target to get green.
Got back what i lost today
I hate to lose
  • #19,287
  • May 13, 2014 9:06am May 13, 2014 9:06am
Quoting egkid
{quote} Q:Why no one talks about divergence while it's important tool?
For spider's Den
Nice divergence on Daily TF
We need good entry and MM my friends
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  • #19,288
  • May 13, 2014 9:33am May 13, 2014 9:33am
Thinking with high voice
double distribution day- buyers find it at not fair price>> close @3755 Asia Buy?!
Note watch Asia Today eg
catch u later guys done
  • #19,289
  • May 13, 2014 9:45pm May 13, 2014 9:45pm
T,

Since I have been away from the markets and am still setting up my office (house too), I like to keep track of your market analysis here in the U.S. It helps me to follow you as it keeps my mind sharp so I am aware of important levels and key price points. I wanted to exercise my mind a bit more so I watched an excellent webinar called Price Action Trading part 4. I was pleasantly surprised to see you teach this swing trade method. I found it technically superior with it's use of price action and trend identification, I like your use of filters and your research on the listed pairs.

I get a lot of requests from traders for help (not just new traders) as we know market conditions have changed over the years, and I will sharply recommend they view your free webinars. I also think that sharing that method was like teaching a man to fish. Priceless. Great job and I hope to be able to view your follow up webinar if you find time to produce it.

I think there will be a few other silent followers here that would appreciate it as well. Thank you for your time, I know it is valuable. Hopefully-those that have followed me will see this, I will be more than happy to send you a link if you pm me.

Thanks again,
Mike
  • #19,290
  • May 13, 2014 10:48pm May 13, 2014 10:48pm
Cable 4 hr long this at rectangle
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  • #19,291
  • May 13, 2014 11:05pm May 13, 2014 11:05pm
Quoting calderone
I also think that sharing that method was like teaching a man to fish. Priceless.
Unless that man doesn't like sushi in which case teach him to cook. Seriously though I'd love to see that link if you can spare it? Cheers Calderone and T and all the best to you both.
  • #19,292
  • May 14, 2014 4:25am May 14, 2014 4:25am
Quoting calderone
I like your use of filters and your research
T
  • #19,293
  • May 14, 2014 4:27am May 14, 2014 4:27am
Quoting calderone
T, Since I have been away from the markets and am still setting up my office (house too), I like to keep track of your market analysis here in the U.S. It helps me to follow you as it keeps my mind sharp so I am aware of important levels and key price points. I wanted to exercise my mind a bit more so I watched an excellent webinar called Price Action Trading part 4. I was pleasantly surprised to see you teach this swing trade method. I found it technically superior with it's use of price action and trend identification, I like your use of filters...
Hey Mike,

Thanks for such a great comments. PA 4 is indeed a good method but it requires patience and candlestick patterns knowledge. Exactly, teaching would-be traders to fish is a right explanation I will keep doing that, as the forex sea is a never ending flow of knowledge.
  • #19,294
  • May 14, 2014 4:46am May 14, 2014 4:46am
Quoting danc
Cable 4 hr long this at rectangle {image}
Cable tanking like a rock. News pulled it down.
  • #19,295
  • May 14, 2014 5:51am May 14, 2014 5:51am
Hi all,
I suggest buying EURUSD @ 1.3708-1.3703 demand zone.
1.3842 should be profit target.
Happy trading!
  • #19,296
  • May 15, 2014 3:44am May 15, 2014 3:44am
GBPUSD is in downtrend. POC and POC2 present possible shorting point towards L3 retest. We have an inner trendline which was a previous neckline for H and S pattern which is broken and a confluence of fibs and H3 at POC2. However we have a smaller intraday trendline ( POC) and mini double top where price might also be rejected. In the case of L3 break pay attention to 6700 L4.
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  • #19,297
  • May 15, 2014 3:45am May 15, 2014 3:45am
Quoting pipcenturion
Hi all, I suggest buying EURUSD @ 1.3708-1.3703 demand zone. 1.3842 should be profit target. Happy trading!
No buying for me at the moment Shorting into rallies is a way to go. Need to spot a first nice swing to the upside then we can find good retracement points. I would trade short only on a good retracement not 20-30 points of it.
  • #19,298
  • May 15, 2014 4:28am May 15, 2014 4:28am
POC1 and POC2 make confluence point for AUDUSD. AUDUSD has started a zigzag and possible target is 9430. Inner trendline and Intraday trendline are also giving support to the pair.

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  • #19,299
  • May 15, 2014 5:28am May 15, 2014 5:28am
Quoting T@rantula
POC1 and POC2 make confluence point for AUDUSD. AUDUSD has started a zigzag and possible target is 9430. Inner trendline and Intraday trendline are also giving support to the pair. {image}
Hi Chief,
Please provide me a clarification. I have seen the same setup and decided to enter at 9355.But 4H divergence (right now in lower wave)confused me and I could not assess the lower side and the reversal point,even after seeing cam levels. Anyway I could gain confidence after you posted it and I am in now. But how do you see divergence here as it is a 4Hr?
  • #19,300
  • May 15, 2014 6:16am May 15, 2014 6:16am
Quoting T@rantula
{quote} No buying for me at the moment Shorting into rallies is a way to go. Need to spot a first nice swing to the upside then we can find good retracement points. I would trade short only on a good retracement not 20-30 points of it.
Nice one T!
But price just hit support again and re-tested it @ 1.3653
I expect up move from here until 1.3842 and then 1quite possibly 1.3930
Happy trading guys!
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