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EURUSD

  • #911,541
  • Jul 18, 2014 3:00pm Jul 18, 2014 3:00pm
I dare to say that this week was interesting
The fragrance remains in the hands of those that gves the rose
  • #911,542
  • Jul 18, 2014 6:06pm Jul 18, 2014 6:06pm
Quoting gatorinla
{quote} pissing rocks are the fun part
All the best in your recovery.

At least you won't have to pass the 10 mm one.

Obviously you need to drink more, water that is.
  • #911,543
  • Jul 18, 2014 6:09pm Jul 18, 2014 6:09pm
Quoting gatorinla
being in mathematical sequence with 3102 plays no part either. the break of 3502 shows bears have a great interest of sub 3102. and probably 310x is what is sought.. the tin hat theory of the 2008 break... has a much deeper aim..
correction 300x
those who can, do. those who cant, talk about those who can
  • #911,544
  • Jul 18, 2014 6:48pm Jul 18, 2014 6:48pm
National Sovereign Risk Ratings
http://www.blackrock.com/investing/i...e&sf28715158=1
  • #911,545
  • Jul 18, 2014 6:49pm Jul 18, 2014 6:49pm
Quoting gatorinla
{quote}correction 300x
Gator, stay away from eating uncooked onions. They make your medicines ineffective. Also, sugar, sodas, and all canned foods that have preservatives.
The Thief of Wall Street
  • #911,546
  • Jul 18, 2014 6:54pm Jul 18, 2014 6:54pm
Quoting Chicky
{quote} Gator, stay away from eating uncooked onions. They make your medicines ineffective. Also, sugar, sodas, and all canned foods that have preservatives.
not a problem. i seldom take meds
those who can, do. those who cant, talk about those who can
  • #911,547
  • Jul 18, 2014 6:58pm Jul 18, 2014 6:58pm
later
those who can, do. those who cant, talk about those who can
  • #911,548
  • Edited 4:27am Jul 19, 2014 1:29am | Edited 4:27am
Trend or direction?

Today I am writing this article, aiming mostly at people with less experience in the market which doesn't mean that everyone else should just ignore it, in fact I would like you to give some feedback on something that I consider extremely important when making our trading decisions, it's always good to understand how most traders would deal with these type of situations.

I have chosen GOLD cause this one has got a perfect example of contradictory swings on different time frames.
Remember I would like to know how would you approach this dilemma using your own trading techniques / System.
This example shows the Russian dolls principle, as you start opening them you find there are consecutive smaller ones inside.

On the first chart (weekly) price has struck against 70.7 % Retracement and forms bearish engulfing on the same time frame.

On daily chart price comes down strong, stops at 50% and bounces with a very clear bull candle.

On the 4 hours price completed 61.8 retracement and turned down without taking the lows of the daily.

What is the immediate direction for this trade 1 to 4 hours?
What trends can you discern?
Where do you enter with the best possible R:R to join the next move in the respective time frame
Hopefully we will be able to learn something from each other.

Thank you for your time.
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We watch the charts from every angle so you don't have to!!
  • #911,549
  • Jul 19, 2014 4:03am Jul 19, 2014 4:03am
Quoting pedro319
Trend or direction? Today I am writing this article, aiming mostly at people with less experience in the market which doesn't mean that everyone else should just ignore it, in fact I would like you to give some feedback on something that I consider extremely important when making our trading decisions, it's always good to understand how most traders would deal with these type of situations. I have chosen GOLD cause this one has got a perfect example of contradictory swings on different time frames. Remember I would like to know how would you approach...
they burn witches for stuff like this. are you saying there smaller moves inside larger ones? what a concept. with smaller moves inside larger ones. does that give more levels to trade? or a better setup within a larger move to enter? in some circles this is satanic.
those who can, do. those who cant, talk about those who can
  • #911,550
  • Jul 19, 2014 4:06am Jul 19, 2014 4:06am
Quoting pedro319
Trend or direction? Today I am writing this article, aiming mostly at people with less experience in the market which doesn't mean that everyone else should just ignore it, in fact I would like you to give some feedback on something that I consider extremely important when making our trading decisions, it's always good to understand how most traders would deal with these type of situations. I have chosen GOLD cause this one has got a perfect example of contradictory swings on different time frames. Remember I would like to know how would you approach...
Hey pedro,

I will really simplify it : target is 1250. Short term and longer term aim for shorts. All pictures posted above are bearish that you posted + at 1340 gold manipulators came in market so they will drive price lower further that is for sure. Ukraine could have some surprising up spikes but they will be retraced unless it goes to full blown war.
  • #911,551
  • Jul 19, 2014 4:26am Jul 19, 2014 4:26am
Quoting gatorinla
{quote} they burn witches for stuff like this. are you saying there smaller moves inside larger ones? what a concept. with smaller moves inside larger ones. does that give more levels to trade? or a better setup within a larger move to enter? in some circles this is satanic.
The only point is? Where do you enter with the best possible R:R to join the next move in the respective time frame. I am pretty sure that will help most people. May be I didn't explain myself properly.
I already know most traders know there are smaller moves inside big ones!!
Thanks for your contribution.
We watch the charts from every angle so you don't have to!!
  • #911,552
  • Jul 19, 2014 4:29am Jul 19, 2014 4:29am
Quoting janpec1000
{quote} Hey pedro, I will really simplify it : target is 1250. Short term and longer term aim for shorts. All pictures posted above are bearish that you posted + at 1340 gold manipulators came in market so they will drive price lower further that is for sure. Ukraine could have some surprising up spikes but they will be retraced unless it goes to full blown war.
Thank you for your input.
We watch the charts from every angle so you don't have to!!
  • #911,553
  • Jul 19, 2014 4:55am Jul 19, 2014 4:55am
Mid-term (6 months) 1.28 will be my target. So I am short EURUSD.
  • #911,554
  • Jul 19, 2014 4:59am Jul 19, 2014 4:59am
Quoting pedro319
{quote} The only point is? Where do you enter with the best possible R:R to join the next move in the respective time frame. I am pretty sure that will help most people. May be I didn't explain myself properly. I already know most traders know there are smaller moves inside big ones!! Thanks for your contribution.
no malice intended, you did fine. most traders know, just not all. some think there is only one direction. so posting indicated moves within and contrary to that direction is bs in those eyes. so the common theme among them is to burn the witch.
those who can, do. those who cant, talk about those who can
  • #911,555
  • Jul 19, 2014 5:04am Jul 19, 2014 5:04am
Quoting pedro319
{quote} The only point is? Where do you enter with the best possible R:R to join the next move in the respective time frame. I am pretty sure that will help most people. May be I didn't explain myself properly. I already know most traders know there are smaller moves inside big ones!! Thanks for your contribution.
May sound too simplified, but it isn't: You enter at the edges, your method has identified for you.

I wrote a lot of stuff for a lot of people to help them leaving the baby-steps behind, and before you tell them, where to enter, you should talk about money management, so make the stuff you already have the second chapter, at least.
The first chapter should always be the part about money-/risk-management. If you see anyone skipping that chapter, you have separated the wheed from the chaff already.
  • #911,556
  • Jul 19, 2014 5:33am Jul 19, 2014 5:33am
Quoting gatorinla
{quote} no malice intended, you did fine. most traders know, just not all. some think there is only one direction. so posting indicated moves within and contrary to that direction is bs in those eyes. so the common theme among them is to burn the witch.
People confuse trends with direction, the latter overrules the former!
That was the purpose in sharing these thoughts.
We watch the charts from every angle so you don't have to!!
  • #911,557
  • Jul 19, 2014 5:37am Jul 19, 2014 5:37am
Quoting Mr Hatch
{quote} May sound too simplified, but it isn't: You enter at the edges, your method has identified for you. I wrote a lot of stuff for a lot of people to help them leaving the baby-steps behind, and before you tell them, where to enter, you should talk about money management, so make the stuff you already have the second chapter, at least. The first chapter should always be the part about money-/risk-management. If you see anyone skipping that chapter, you have separated the wheed from the chaff already.
I don't disregard MM at all, I actually see it as being more or so important than the technical analysis itself.
My point here was merely technical though.
Thank you.
We watch the charts from every angle so you don't have to!!
  • #911,558
  • Jul 19, 2014 5:48am Jul 19, 2014 5:48am
Quoting pedro319
{quote} I don't disregard MM at all, I actually see it as being more or so important than the technical analysis itself. My point here was merely technical though. Thank you.
Quoting pedro319
Trend or direction? Today I am writing this article, aiming mostly at people with less experience in the market...
Where do you enter with the best possible R:R to join the next move in the respective time frame Hopefully we will be able to learn something from each other. Thank you for your time. {image} {image} {image}
k, gl 2 u.
  • #911,559
  • Jul 19, 2014 6:34am Jul 19, 2014 6:34am
Quoting gatorinla
http://www.forexfactory.com/showthre...24#post7610724 shit in your pants and blame it on me. its all good. http://www.forexfactory.com/showthre...40#post7615440 follow it up with one like this. on the first post after jail. see where it gets one. FF has no choice.. look at the sponsorship (ads).
I see. So the picture of the cake was the final straw. Seems a bit harsh, but now we know where we stand about smutty jokes.
Thanks for clarifying.
You reap what you sow.
  • #911,560
  • Jul 19, 2014 7:27am Jul 19, 2014 7:27am
I see nothing has changed in the EURUSD thread.
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