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  • #909,821
  • Jul 11, 2014 2:33am Jul 11, 2014 2:33am
adding shorts here.
  • #909,822
  • Jul 11, 2014 2:34am Jul 11, 2014 2:34am
Would like to s but unsure if e/u is high enough.
  • #909,823
  • Jul 11, 2014 2:35am Jul 11, 2014 2:35am
Quoting Vachus
{quote} One year, two years, 10 years ?! Which high frame would u like to confirm the so called bearish trend ...
your overall forex experience is not more than 2 years. I think you have entered trading euro when it was at 1.22. so it is but natural you see only bull. but it is a long term bear on weekly and monthly also after july candle
  • #909,824
  • Jul 11, 2014 2:52am Jul 11, 2014 2:52am
Quoting meleeam
PSI 20 +1.40% ahahah Does anyone know when BES trading resumes? I think there was no notice yet, but everyone is looking for a resume of the trading halt.
+2.0%
  • #909,825
  • Jul 11, 2014 3:05am Jul 11, 2014 3:05am
I just wanted to add my 2 cents on what and how someone defines a trend...

1st should be in which time frame are we using?
2nd - How far back of within that time frame should i be looking at to determine the trend we are in?
3rd - Whos methods are better than that of Mr. Charles Dow, the founding father of the DOW JONES and one of the first to identify trends... and he says this:

Short term trend:
1 hour time frame - You should look at data up to 3 days back to determine the trend within this time frame

Short medium TF:
4hr chart - Current data plus 12 days back

Medium term TF:
Daily chart: Current data (meaning yesterdays daily close) plus 3-4 weeks back

Weekly TF:
Weekly chart- Current week (so can only be done at end of week close) plus 6 months back

And finally Monthly TF
Monthly Chart- Current month plus 1 year back


Some may disagree but i have been using this method for 14 years and proves to work very very well indeed.

What price was doing in 1995 i really do not care and so many years back... keep it relative to what is happening in the now and know your time frame.
Cheers!!
  • #909,826
  • Jul 11, 2014 3:12am Jul 11, 2014 3:12am
Quoting giveachance
adding shorts here.
Good luck...whats your target? 10-20 pips? As a bull...you could target 100 or more. Check weekly...its bullish. Until 1.3470 is broken, we are very bullish, but bears couldn't even break 1.35, so for me, bears are done for now. Don't be surprised to be in red at the end of the day.
Everyone can see the chart, but only a few can actually read it.
  • #909,827
  • Jul 11, 2014 3:14am Jul 11, 2014 3:14am
Quoting PipsMaster23
I just wanted to add my 2 cents on what and how someone defines a trend... 1st should be in which time frame are we using? 2nd - How far back of within that time frame should i be looking at to determine the trend we are in? 3rd - Whos methods are better than that of Mr. Charles Dow, the founding father of the DOW JONES and one of the first to identify trends... and he says this: Short term trend: 1 hour time frame - You should look at data up to 3 days back to determine the trend within this time frame Short medium TF: 4hr chart - Current data...
Excellent post!
A pip is only worth it if you know how much you risked to earn it
  • #909,828
  • Jul 11, 2014 3:16am Jul 11, 2014 3:16am
Quoting OnlineAddict
{quote} No, it can't. Germany's bankrupcy maybe...but some bank in Portugal? Thats a 10 pip thing....and then price would reverse back up. Trend is bullish...yes, don't fight it.
Werent you the one who was telling me how there is bullish trend due to higher lows and highs? You arent adjusting trend difinition acording to your opened position are you? (just so that there is no confusion i am talking about h1, what you quoted on me)

Here is dollar, i am still sticking to 130 pips downside target unles something changes on bull side, i will only trade EU shorts at very strong supply areas due to down side on dollar, will also look for longs on EU on lower TFs.
http://prntscr.com/41j8k1

Alternative view to USD, if there is strong pullback right from current price it can turn bull, which would suit with supply in control view on EU:
http://prntscr.com/41j9pa
  • #909,829
  • Jul 11, 2014 3:18am Jul 11, 2014 3:18am
Quoting janpec1000
{quote} Werent you the one who was telling me how there is bullish trend due to higher lows and highs? You arent adjusting trend difinition acording to your opened position are you?
No, I open positions according to the trend...that is buying the dips...and been cashing on it the whole week.
Everyone can see the chart, but only a few can actually read it.
  • #909,830
  • Jul 11, 2014 3:19am Jul 11, 2014 3:19am
s @ 19, might go higher.
  • #909,831
  • Jul 11, 2014 3:22am Jul 11, 2014 3:22am
Both cable and eur high enough for me, I'm out with 50% profit this week, enjoy the "bearish" trend, guys. lol
Everyone can see the chart, but only a few can actually read it.
  • #909,832
  • Jul 11, 2014 3:23am Jul 11, 2014 3:23am
Quoting OnlineAddict
Both cable and eur high enough for me, I'm out with 50% profit this week, enjoy the "bearish" trend, guys. lol

Why are you out then?
  • #909,833
  • Jul 11, 2014 3:25am Jul 11, 2014 3:25am
went short here (@ 24) stop loss a few pips above the TL (Edit : the descending trendline)
  • #909,834
  • Jul 11, 2014 3:26am Jul 11, 2014 3:26am
Quoting MarianneOslo
{quote} Why are you out then?
Because its 3am and I want to go to sleep. I will re-load longs during US session, if there is an opportunity.
Everyone can see the chart, but only a few can actually read it.
  • #909,835
  • Jul 11, 2014 3:28am Jul 11, 2014 3:28am
Quoting OnlineAddict
Both cable and eur high enough for me, I'm out with 50% profit this week, enjoy the "bearish" trend, guys. lol
>Claims uptrend is the correct trend>100 pips or more of potential>Up 15 pips>closes longsYou can't make this up... Daily humor from EURUSD thread delivered. (morning edition because im sure someone will go for a afternoon edition humor, maybe the same guy, opening shorts lol)
  • #909,836
  • Jul 11, 2014 3:30am Jul 11, 2014 3:30am
short @ 3621 inline with the bearish trend
  • #909,837
  • Jul 11, 2014 3:33am Jul 11, 2014 3:33am
Quoting MaxDoom
short @ 3621 inline with the bearish trend
with you mr. doomman
That which does not kill us makes us stronger
  • #909,838
  • Jul 11, 2014 3:39am Jul 11, 2014 3:39am
Quoting PipsMaster23
I just wanted to add my 2 cents on what and how someone defines a trend... 1st should be in which time frame are we using? 2nd - How far back of within that time frame should i be looking at to determine the trend we are in? 3rd - Whos methods are better than that of Mr. Charles Dow, the founding father of the DOW JONES and one of the first to identify trends... and he says this: Short term trend: 1 hour time frame - You should look at data up to 3 days back to determine the trend within this time frame Short medium TF: 4hr chart - Current data...
As simple as that, and it stills working
  • #909,839
  • Jul 11, 2014 3:39am Jul 11, 2014 3:39am
Quoting PipsMaster23
I just wanted to add my 2 cents on what and how someone defines a trend... 1st should be in which time frame are we using? 2nd - How far back of within that time frame should i be looking at to determine the trend we are in? 3rd - Whos methods are better than that of Mr. Charles Dow, the founding father of the DOW JONES and one of the first to identify trends... and he says this: Short term trend: 1 hour time frame - You should look at data up to 3 days back to determine the trend within this time frame Short medium TF: 4hr chart - Current data...

Thanks for sharing this, very useful.
  • #909,840
  • Jul 11, 2014 3:42am Jul 11, 2014 3:42am
Quoting moneymove
{quote} with you mr. doomman
GU went down 18 pips ... EU only 7 pips and it won't go down anymore
Hum.... I short @ 1.3610 ...

Took a 2.8 pips loss ..... GU and AU is not going down...
Maybe up one more before falling...
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