{quote} quick fix on coloring. will try to make it even better. {image}
Sorry though I don't trade your pair. But, hey same pips!
- #5,341
- Aug 13, 2014 6:43am Aug 13, 2014 6:43am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
Sorry though I don't trade your pair. But, hey same pips!
- #5,344
- Aug 13, 2014 6:59am Aug 13, 2014 6:59am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
Notice that something is missing on the 30min chart. It can only be fixed if price goes up!! so buy around 1.33400
This is my explorer account!!!
This is my explorer account!!!
- #5,346
- Aug 13, 2014 7:04am Aug 13, 2014 7:04am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #5,347
- Aug 13, 2014 7:17am Aug 13, 2014 7:17am
I propose we use weekends or market closing periods to learn new things or help each others. These periods should be for applying what we learned and trading EURUSD....
Do you mean after US market closed on Friday (17:00 US time , it is about 24:00 GMT time) ?? Or it is on Saturdays ?
Count me in (if my level calculation is ok, i will try to post it soon) .... but if my calculation still not ok, i will try my best to make it better, in order to join the class.
Thank you very much for your generosity ...
Edit:
if we need real time running price, we can begin some hours before market close ....
- #5,350
- Aug 13, 2014 7:23am Aug 13, 2014 7:23am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Philosophically speaking, Price/Time is very difficult for most traders to conceptualise because the time factor is relative not absolute.
If resistance is found at 3430 then it is an absolute whether or not you are using Fibonacci, a horizontal line, Pivot Points or any other calculator/indicator out there. Relationships between prices, is what most traders are typically used to. 61.8 and 38.2 from the Fibonacci sequence to name just one.
W.D Gann suggested quite strongly, that Price = Time and was heavily into cyclical forces as it related to geometry. As a result, astrological phenomenon was also studied. This is really hard stuff once you dive in.
With FX, I think we are observing a "particle" that we are influencing as soon as we observe it. The question then is, WHEN is the observation MOST PERTINENT?
That is what I am putting out there. In terms of my own style of trading, I happen to like London Open. The activity and overlap at the end of Austral-Asia/Frankfurt/London seems to be where most moves originate. But this is transitory.... a few years back, I remember NYC controlling most movements where the rest was in a less volatile state.
So the interesting question then is WHEN would be the Most Ideal Time to swap Euros for Dollars at Price X.... because if it has to happen only once, then that point will become a longer lasting Support or Resistance level.
My 2 cent rant is over.
If resistance is found at 3430 then it is an absolute whether or not you are using Fibonacci, a horizontal line, Pivot Points or any other calculator/indicator out there. Relationships between prices, is what most traders are typically used to. 61.8 and 38.2 from the Fibonacci sequence to name just one.
W.D Gann suggested quite strongly, that Price = Time and was heavily into cyclical forces as it related to geometry. As a result, astrological phenomenon was also studied. This is really hard stuff once you dive in.
With FX, I think we are observing a "particle" that we are influencing as soon as we observe it. The question then is, WHEN is the observation MOST PERTINENT?
That is what I am putting out there. In terms of my own style of trading, I happen to like London Open. The activity and overlap at the end of Austral-Asia/Frankfurt/London seems to be where most moves originate. But this is transitory.... a few years back, I remember NYC controlling most movements where the rest was in a less volatile state.
So the interesting question then is WHEN would be the Most Ideal Time to swap Euros for Dollars at Price X.... because if it has to happen only once, then that point will become a longer lasting Support or Resistance level.
My 2 cent rant is over.
A pip is only worth it if you know how much you risked to earn it
- #5,351
- Aug 13, 2014 7:23am Aug 13, 2014 7:23am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
{quote} Hi Eurusdd, Do you mean after US market closed on Friday (17:00 US time , or about 24:00 GMT time) ?? Or it is on Saturdays ? Count me in (if my level calculation is ok, i will try to post it soon) .... but if calculation still not ok, i will try my best to make it better, in order to join the class. Thank you very much for your generosity ...
Week days for pipping, weekends for digging...
- #5,354
- Aug 13, 2014 7:38am Aug 13, 2014 7:38am
{quote} Is that 1.3374 where the white arrow is pointing down from?
Well this level held as resistance price made it to 1.3372 then fell like a rock, made some nice pips while sleeping
Looks like this level will be tested again soon, my evidence is on the 5 min chart, I have a 1 level and 2 level ZZ Semaphore but no 2 level ZZ leg.
Level was broken as I typed this, looking for it to hold as a support on the return.
