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  • #915,921
  • Aug 11, 2014 2:48am Aug 11, 2014 2:48am
So ..... what's new, if not up then down ........ lol

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  • #915,922
  • Aug 11, 2014 2:49am Aug 11, 2014 2:49am
Quoting NoCoolNick
{quote} God.. I need to be reminded that nothing goes in staight lines, how newbie-ish do i feel now! . Yes you are right, we will test and retest levels, ofcourse we wont go straight, and firstly we need to actually get back into the wedge. It's not that simple either i guess, but the first point. Could be the 3375 level as gator had friday.
Mate, that's a constant battle I have with myself too - you're not alone. The test/retest phenomenon is the best form of price action anyone can learn off.

The fakey, to me anyway, is an extreme form of test retest. Kind of like a golf swing or a swing with any instrument really.... you go backwards to build momentum then go forwards. Hence why I agree with you re $ix
A pip is only worth it if you know how much you risked to earn it
  • #915,923
  • Aug 11, 2014 2:51am Aug 11, 2014 2:51am
yo Vlady, i might buy at 1.3378 up to 1.3420 for today and we see tomorrow that sinking we were discussing earlier.
Don't use both feet to test the depth of the river
  • #915,924
  • Aug 11, 2014 2:55am Aug 11, 2014 2:55am
Quoting Eurusdd
LAST probabilities update!!! REVISED Price movement and closing probabilities going forward.!!! 1.3434 = 0.0001 1.33980 = 0.1 1.33872 = 1.00 1.33785 = 0.91 1.33644 = 0.86 What do these numbers mean? At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels below 1.33872 have higher probabilities. Therefore, I will call DOWN for EURUSD going forward. I am out!!! Old probabilities {image}...
And did you already explain where those numbers are coming from? If you did please send me in the direction (if you do not mind) I will have a look when not trading....
  • #915,925
  • Aug 11, 2014 2:57am Aug 11, 2014 2:57am
Quoting NoCoolNick
{quote} God.. I need to be reminded that nothing goes in staight lines, how newbie-ish do i feel now! . Yes you are right, we will test and retest levels, ofcourse we wont go straight, and firstly we need to actually get back into the wedge. It's not that simple either i guess, but the first point. Could be the 3375 level as gator had friday.
3383 is not rocket science. neither is the 3407 phenomenon now, will they happen every time? no! but if i wanted to go long, i would have waited for 3383 touched.. or if i wanted to go short now intraday, i would wait for 3407. its not that they will happen. its just waiting for half the stop loss and doubling the reward window,
those who can, do. those who cant, talk about those who can
  • #915,926
  • Aug 11, 2014 2:57am Aug 11, 2014 2:57am
Quoting Strawbale
yo Vlady, i might buy at 1.3378 up to 1.3420 for today and we see tomorrow that sinking we were discussing earlier.
I think I see what you're doing. I'll try and post a chart to show you why I think that may be a good play.
A pip is only worth it if you know how much you risked to earn it
  • #915,927
  • Aug 11, 2014 2:58am Aug 11, 2014 2:58am
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  • #915,928
  • Aug 11, 2014 3:01am Aug 11, 2014 3:01am
Quoting vlady1974
{quote} I think I see what you're doing. I'll try and post a chart to show you why I think that may be a good play.
excellent cant wait
Don't use both feet to test the depth of the river
  • #915,929
  • Aug 11, 2014 3:01am Aug 11, 2014 3:01am
On daily I have no idea but in M30 seems we will have a little upward before down from momentum and cci , and from things ( little ) from Eliot waves I belive as I see the wave in H4 , there must be another top before it goes down again first .
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People wont learn to post analysis in forums not "I think its down/up!"
  • #915,930
  • Aug 11, 2014 3:02am Aug 11, 2014 3:02am
Quoting Eurusdd
LAST probabilities update!!! REVISED Price movement and closing probabilities going forward.!!! 1.3434 = 0.0001 1.33980 = 0.1 1.33872 = 1.00 1.33785 = 0.91 1.33644 = 0.86 What do these numbers mean? At the time the numbers were calculated the current price always has probability 1. To have an idea of where price will go, One has to look at other price levels above or below the current one. It is clear that price levels below 1.33872 have higher probabilities. Therefore, I will call DOWN for EURUSD going forward. I am out!!! Old probabilities {image}...

I think your psychic powers are weakening just like USD. I can't blame you I used to think I had them as well..
If you fall, I shall be there. - The floor
  • #915,931
  • Aug 11, 2014 3:05am Aug 11, 2014 3:05am
Quoting vlady1974
{quote} Yeah, it's a low news week except from Wed and Fri according to the calendar Although, it may get an injection from an unknown source during quiet times.
I see...

It just broke the 90 (91), was a decent build up but there is not movement, I am looking at the tick chart, there is window indicating the ticks..... very little movement
  • #915,932
  • Aug 11, 2014 3:07am Aug 11, 2014 3:07am
gonna scalp some pips at 1.3396 (sell), Tp: 9 pips, Sl: 7 pips
Don't use both feet to test the depth of the river
  • #915,933
  • Aug 11, 2014 3:07am Aug 11, 2014 3:07am
Quoting Ken A
So ..... what's new, if not up then down ........ lol {image}
My position is side lines
Fix up, trade sharp ...
  • #915,934
  • Aug 11, 2014 3:12am Aug 11, 2014 3:12am
Quoting vlady1974
{quote} I think I see what you're doing. I'll try and post a chart to show you why I think that may be a good play.
Very rough and I'm hopeless with the mouse.

Okay, this is based on the Bollinger ZigZag theory I posted before. The basis is that price closes outside BBand in alternate swings of Top and Bottom. Of course, there are reprints during a strong trend but let's not get into that here.

The double bottom is the problem target area, given that higher timeframes and fundamentals all point south. The current recent swings point to a Top at 3430 which means we are expecting a bottom to form outside of Bollinger. 3384 is a good place, and your 3372 is another. Either way, if that forms then price has to cross the Bollinger Mid in order to post the next sequence which is a Top on the other side of the bollinger band. That top could be any one of the major resistence points discussed so far: 3404-3408 3420-3430, they are all valid.

Notice, I don't really get married to any price. Cos I don't know what will happen. All I want to know is what is the current swing on the 15M or 1H and align that to my larger TF bias. I am short biased, so I could wait for the next Top or I could countertrend trade.... either way.

The key then is to get in on the retests (there ya go NoCoolNick!) and my usual confirmation tool is for a break of the Bollinger Band midpoint. It's a pesky mofo which can sometimes fake it, but lately I've used it to reload if I'm already in the direction of trend.
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A pip is only worth it if you know how much you risked to earn it
  • #915,935
  • Aug 11, 2014 3:18am Aug 11, 2014 3:18am
Quoting vlady1974
{quote} Very rough and I'm hopeless with the mouse. Okay, this is based on the Bollinger ZigZag theory I posted before. The basis is that price closes outside BBand in alternate swings of Top and Bottom. Of course, there are reprints during a strong trend but let's not get into that here. The double bottom is the problem target area, given that higher timeframes and fundamentals all point south. The current recent swings point to a Top at 3430 which means we are expecting a bottom to form outside of Bollinger. 3384 is a good place, and your 3372...
hm ok i see, (my price being 1.3378 for clarification purposes), i saw your contribution to the ZZBB thread yes, but i think you got your pivots calculated on the wrong time or thats the time you desire?!? thnx for contribution
Don't use both feet to test the depth of the river
  • #915,936
  • Aug 11, 2014 3:22am Aug 11, 2014 3:22am
Quoting wael0102003
{image} {image} {image}
yes - I see the same - but for a more accurate view of divergence I think it's better to take the momentum bottoms and line them up exactly with the closing price of the corresponding candle - since your indicator settings are probably also set to "closing price" - just a tip

EU D1
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  • #915,937
  • Aug 11, 2014 3:22am Aug 11, 2014 3:22am
Quoting Strawbale
{quote} hm ok i see, (my price being 1.3378 for clarification purposes), i saw your contribution to the ZZBB thread yes, but i think you got your pivots calculated on the wrong time or thats the time you desire?!? thnx for contribution
The pivots ain't me it's prewired on IG Index as Daily (H+L+C)/3.
Actually it's a good question... what does everyone use?
A pip is only worth it if you know how much you risked to earn it
  • #915,938
  • Aug 11, 2014 3:24am Aug 11, 2014 3:24am
For fellow Turkish Lira traders(TRY)


The Erdogan Way: High Inflation? Cut Rates- http://trendersgame.com/2014/08/11/t...ion-cut-rates/
Twitter: @TrendersGame
  • #915,939
  • Aug 11, 2014 3:25am Aug 11, 2014 3:25am
No secret, it's free information ............

http://www.actionforex.com/markets/p...2010040955112/


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  • #915,940
  • Aug 11, 2014 3:25am Aug 11, 2014 3:25am
Quoting Ken A
{quote} Talk about being invincible strategy, could you explain how
I offer an invincible strategy for only 9.99 $: Side line trading: Never lose money again!
Fix up, trade sharp ...
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