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  • #918,501
  • Aug 22, 2014 1:12am Aug 22, 2014 1:12am
Quoting SukkimLama
Trading with M5 chart with Rainbow, still upward heading. Let's see when it will start to come down again then I have to prepare to get out. {image}

Same method bro..H1 is looking good the 50Ema together with the rainbow has already cross over 50Sma..1H buy signal..
  • #918,502
  • Aug 22, 2014 1:12am Aug 22, 2014 1:12am
Quoting Chicky
{quote} Yes. Because it is less than 50.

Amen to that

I am still surprised that there are some people who are screaming for others to short at this upward trend against the trend.

I will keep 40 pips strategy in mind.
good luck to you!
  • #918,503
  • Aug 22, 2014 1:16am Aug 22, 2014 1:16am
Morning, For some reason i think today will tell us more on the short term trend, will we get 3350+ or do it end today? Daily is my focus right now, as said before, last time a got a divergence signal was when shorting on 8th of may this year, and we all know what have happend since. Will the signal be valid? time will tell, but we will need to stay bullish today and not go much lower or close low. Next order for the very short trend could be 3313-15, a reaction is likely but 3333-36 is probably stronger in term of resistance. Asia went higher and euroland open pushes higher. Will london go with the flow? Most likely.. my longs are doing good and i can now move to BE and continue to build. News today are... well, we have to wait 6 hours before any.

Again, i think my medium term sentiment is twisting, we could be starting a larger correction. That will take us 3500+, AND still be in longer term bearish mode, to all the posters comming flying out soon with "noway.. 1,2500 is next.."
Almost 4 months since high, 2 months without any major correction, could be the time for one now.
I don't even have a cool signature
  • #918,504
  • Aug 22, 2014 1:18am Aug 22, 2014 1:18am
Quoting Barca
{quote} Same method bro..H1 is looking good the 50Ema together with the rainbow has already cross over 50Sma..1H buy signal..
If you are trading with hourly chart, of course you got signal now. Currently am following M5 Rainbow, trying learn more.
  • #918,505
  • Aug 22, 2014 1:20am Aug 22, 2014 1:20am
Quoting KiwiTrada
{quote} mm au monthly it has been a bull train since 2001 right now she is deciding if this is a pullback or something bigger zoomed right in last month was bear yes, but th 5 months prior were bull, personally I see a lot more down and i am meaning a lot, key is as always when to add
I also see a big downtrend as well on weekly chart, HOWEVER, the momentum now and trend now for day or two all are indicating "buy" on this pair.
In short term (a day or two), I would expect this pair continue what they need to do

Good luck to you!
  • #918,506
  • Aug 22, 2014 1:24am Aug 22, 2014 1:24am
Quoting SukkimLama
{quote} If you are trading with hourly chart, of course you got signal now. Currently am following M5 Rainbow, trying learn more.
M5 seems like scalping to me..cool.
  • #918,507
  • Aug 22, 2014 1:26am Aug 22, 2014 1:26am
Quoting SukkimLama
{quote} Is it based on daily average move?
No. I do not believe in daily average, regardless of what it has done in the past, it can move any number of pips in a day depending on new developments that move the price. Therefore, my TP is equal to SL in number of pips and the SL is based on support/resistance on Weekly Chart. You human beings like rounding off the things and therefore if price travels 50 or more pips after breaking that support/resistance, it may not look back. Similarly, if it bounces off from a support/resistance, that bounce may not be bigger than 50 pips.
The Thief of Wall Street
  • #918,508
  • Aug 22, 2014 1:29am Aug 22, 2014 1:29am
Quoting Barca
{quote} M5 seems like scalping to me..cool.
Alright it's short term multiple entry with strongest money management. I'm still learning it.
  • #918,509
  • Aug 22, 2014 1:30am Aug 22, 2014 1:30am
Quoting SukkimLama
{quote} Alright it's short term multiple entry with strongest money management. I'm still learning it.
Yup2 I understand.
  • #918,510
  • Aug 22, 2014 1:33am Aug 22, 2014 1:33am
Quoting Chicky
{quote} No. I do not believe in daily average, regardless of what it has done in the past, it can move any number of pips in a day depending on new developments that move the price. Therefore, my TP is equal to SL in number of pips and the SL is based on support/resistance on Weekly Chart. You human beings like rounding off the things and therefore if price travels 50 or more pips after breaking that support/resistance, it may not look back. Similarly, if it bounces off from a support/resistance, that bounce may not be bigger than 50 pips.
Concept is bravo, thanks for sharing!
  • #918,511
  • Aug 22, 2014 1:49am Aug 22, 2014 1:49am
Quoting wellforex
{quote} Amen to that I am still surprised that there are some people who are screaming for others to short at this upward trend against the trend. I will keep 40 pips strategy in mind. good luck to you!
Traditionally, many automated systems and people in this market do not go from end to end, they leave cushion of few pips. For example they liquidate their position 12 or 20 pips before a round number, that is why you see price xxx88 and xxx80 as support/resistances. xxx25 is also one of such levels but mostly becomes important before London open. Other such numbers include xxx15, xxx17, xxx65, xxx39, xxx59, etc.
The Thief of Wall Street
  • #918,512
  • Aug 22, 2014 2:01am Aug 22, 2014 2:01am
Quoting chazzle
{quote} closed 50% here ahead of data (still in reserve to poss. add lower) looking for 630 on the rest ... outta here gl all
re-adding here revised tp 620
  • #918,513
  • Aug 22, 2014 2:10am Aug 22, 2014 2:10am
I really hope people are catching these up moves.. position yourself in.. 13222 is a must come monday..or even later today..

If your serious about longing more than 2-3days.. buy at 1.3210 when it reaches it.
Probably the worlds best currency trader.
  • #918,514
  • Aug 22, 2014 2:18am Aug 22, 2014 2:18am
Quoting SukkimLama
Trading with M5 chart with Rainbow, still upward heading. Let's see when it will start to come down again then I have to prepare to get out. {image}
Nice trade!
My signature is: "Classified".
  • #918,515
  • Aug 22, 2014 2:19am Aug 22, 2014 2:19am
Morning all!
Im selling.
Though i think i dont have much time to trade today, but maybe a few.
My signature is: "Classified".
  • #918,516
  • Aug 22, 2014 2:27am Aug 22, 2014 2:27am
Quoting yaed
Morning all! Im selling. Though i think i dont have much time to trade today, but maybe a few.
Why sell?
  • #918,517
  • Aug 22, 2014 2:28am Aug 22, 2014 2:28am
Quoting yaed
{quote} Nice trade!
Good morning yaed, I'm learning Rainbow method after you talked yesterday. Thank you so much!
  • #918,518
  • Aug 22, 2014 2:28am Aug 22, 2014 2:28am
WOW thats what i call a pump and dumb!
Havent seen a move like that in... 3 years i think.
My signature is: "Classified".
  • #918,519
  • Aug 22, 2014 2:28am Aug 22, 2014 2:28am
Quoting KiwiTrada
{quote} mm au monthly it has been a bull train since 2001 right now she is deciding if this is a pullback or something bigger zoomed right in last month was bear yes, but th 5 months prior were bull, personally I see a lot more down and i am meaning a lot, key is as always when to add
I like to be AU bull, but am looking at the same thing. Does 0.83 sound about right to you, or even lower? Shorting is always a pain, though. And we might have to test the highs one more time. I would stop longing this once 9199 is taken out and then look where to short. Would be interested to hear your ideas, thanks.
Fail better.
  • #918,520
  • Aug 22, 2014 2:29am Aug 22, 2014 2:29am
Quoting yaed
WOW thats what i call a pump and dumb! Havent seen a move like that in... 3 years i think.
lol ? it only a 20 pips move dude.

Plenty of those happen
Make money by doing the opposite of Giveachance aka loser
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