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  • #8,941
  • Nov 3, 2014 5:55am Nov 3, 2014 5:55am
Quoting Hickson
{quote} Range of about 20 pips for hours now ... meanwhile Geppy has crushed all Fib levels without even caring. USD/JPY without mercy inspite of a huge opening gap!
Geppy today 250 pips, friday 500 pips. but i don't trade geppy.
Do you trade this pair?
  • #8,942
  • Nov 3, 2014 6:00am Nov 3, 2014 6:00am
Quoting romu
{quote} Geppy today 250 pips, friday 500 pips. but i don't trade geppy. Do you trade this pair?
Yes, USD-bear said it could be a good teacher for me. Only tiny positions on this one of course.
Fix up, trade sharp ...
  • #8,943
  • Nov 3, 2014 6:01am Nov 3, 2014 6:01am
Quoting Hickson
{quote} Range of about 20 pips for hours now ... meanwhile Geppy has crushed all Fib levels without even caring. USD/JPY without mercy inspite of a huge opening gap!

Range on GU at moment is very annoying, i hope it gets cleared somewhen, not sure on general direction until it does.
XJPY rally was completly expected , my take was another 200-300 pips rally further after market open, simply put Aprils QE rally, and more remember...when fundamentals go all in on currency never ever use math to predict where price will stop at least not in short term moves becouse you will be certainly wrong. When QE is on tables short term fibs will get crushed every time no matter of ECB BOJ or FED program it is. If you use daily or weekly fibs that might be more apropriate but still risky battling such trend going against it.

EDIT: EU chart
http://prntscr.com/52lz46
  • #8,944
  • Nov 3, 2014 6:04am Nov 3, 2014 6:04am
Quoting janpec1000
{quote} Range on GU at moment is very annoying, i hope it gets cleared somewhen, not sure on general direction until it does. XJPY rally was completly expected , my take was another 200-300 pips rally further after market open, simply put Aprils QE rally, and more remember...when fundamentals go all in on currency never ever use math to predict where price will stop at least not in short term moves becouse you will be certainly wrong. When QE is on tables short term fibs will get crushed every time no matter of ECB BOJ or FED program it is. If you...
Lacking experience, but have to agree. Do you see the 181.60 area? I have a daily 61.8 Fib here, but it was just cut like a knife cuts butter ... probably not always possible to trade only the technicals.
Fix up, trade sharp ...
  • #8,945
  • Nov 3, 2014 6:13am Nov 3, 2014 6:13am
Quoting Hickson
{quote} Lacking experience, but have to agree. Do you see the 181.60 area? I have a daily 61.8 Fib here, but it was just cut like a knife cuts butter ... probably not always possible to trade only the technicals.
Technicals do work even in strong fundamental conditions, however the proper question to ask is what kind of technicals. There is arsenal of them and not all are quallified the same. I can tell you indicator i am developing gave two shorting signals on EJ in those whole 700 up trend move and they both worked perfectly in no loss, while many other traders were shorting it way too early on some other technicals that did not work. So in the end from my perspective it is very big difference to what kind of technical you use in strong fundamentally moved market.
  • #8,946
  • Nov 3, 2014 6:20am Nov 3, 2014 6:20am
Quoting janpec1000
{quote} I can tell you indicator i am developing gave two shorting signals on EJ in those whole 700 up trend move and they both worked perfectly in no loss, while many other traders were shorting it way too early on some other technicals that did not work.
Donīt make me hot for your indie, just sell it

BTW made 5-6 pips with a buy on E/U.
  • #8,947
  • Nov 3, 2014 7:25am Nov 3, 2014 7:25am
Not bad, another +20 pips on E/U with a buy with the help of the indies Schickeria was so friendly to post them here yesterday
  • #8,948
  • Nov 3, 2014 7:26am Nov 3, 2014 7:26am
Quoting janpec1000
{quote} Range on GU at moment is very annoying, i hope it gets cleared somewhen, not sure on general direction until it does. XJPY rally was completly expected , my take was another 200-300 pips rally further after market open, simply put Aprils QE rally, and more remember...when fundamentals go all in on currency never ever use math to predict where price will stop at least not in short term moves becouse you will be certainly wrong. When QE is on tables short term fibs will get crushed every time no matter of ECB BOJ or FED program it is. If you...
EU shorts executed, 2x +9. Signal was on indicators drainage of demand entry:
http://prntscr.com/52mo7g
  • #8,949
  • Nov 3, 2014 7:29am Nov 3, 2014 7:29am
Quoting CandleStar
Not bad, another +20 pips on E/U with a buy with the help of the indies Schickeria was so friendly to post them here yesterday
The zigzag?
Fix up, trade sharp ...
  • #8,950
  • Nov 3, 2014 7:37am Nov 3, 2014 7:37am
Quoting Hickson
{quote} The zigzag?
Yes, he posted some of them which have different advantages on different timeframes.

I combine them with my own stuff to ensure my confidence! And Schick`s indies give me a lot of confidence, the most on h4.
  • #8,951
  • Nov 3, 2014 7:45am Nov 3, 2014 7:45am
You mean this here? How did you use it? Just try to long after HH and retracement and vice versa? (LL - retracement - short)

Quoting Schickeria
{quote} Perfect romu This is what i need {image}
Fix up, trade sharp ...
  • #8,952
  • Nov 3, 2014 7:51am Nov 3, 2014 7:51am
EU pointing for further drop towards bottom, shorts on table.
  • #8,953
  • Nov 3, 2014 7:53am Nov 3, 2014 7:53am
Quoting Hickson
You mean this here? How did you use it? Just try to long after HH and retracement and vice versa? (LL - retracement - short) {quote}
Load Schickīs template ( and the indies too of course otherwise the template wonīt work) on a h4 ( and in my case on a h1 too), you will understand soon.
A little tip: Count how much candles are needed to define a new max low or max high.

Have a look into the other indies too ( he has only one on his template.

I combine the "impression" I got with some special stuff on m5 that is too hard to explain.
  • #8,954
  • Nov 3, 2014 8:02am Nov 3, 2014 8:02am
Quoting CandleStar
{quote} Load Schickīs template ( and the indies too of course otherwise the template wonīt work) on a h4 ( and in my case on a h1 too), you will understand soon. A little tip: Count how much candles are needed to define a new max low or max high. Have a look into the other indies too ( he has only one on his template. I combine the "impression" I got with some special stuff on m5 that is too hard to explain.
I guess you mean forexcube's post, didn't see Schickeria posting indies?
Fail better.
  • #8,955
  • Nov 3, 2014 8:09am Nov 3, 2014 8:09am
Quoting LarryDarrell
{quote} I guess you mean forexcube's post, didn't see Schickeria posting indies?
Hell you are right, I am too old for reading, it is about time to get rich and retire. Maybe it is the eyes, maybe it is the brain....

So my complete thank you goes to forexcube!!!
  • #8,956
  • Nov 3, 2014 10:27am Nov 3, 2014 10:27am
^Look how they do not talk of all the bad calls in the time between


http://www.elliottwave.com/grpconten...p-Decline.aspx


that is not trust building.....


they thought, that the wave 3 was over several times and talked people out of positions
  • #8,957
  • Nov 3, 2014 10:31am Nov 3, 2014 10:31am
Quoting infinitus
^Look how they do not talk of all the bad calls in the time between http://www.elliottwave.com/grpconten...p-Decline.aspx that is not trust building..... they thought, that the wave 3 was over several times and talked people out of positions

ups, at around minute 10 he admits, that he made some faults
  • #8,958
  • Nov 3, 2014 10:37am Nov 3, 2014 10:37am
Quoting janpec1000
EU pointing for further drop towards bottom, shorts on table.
Loaded few more EU short scalps with one black sheep in between:
http://prntscr.com/52ou28
Finished for today. EURUSD view remains bearish from current price 2477 towards 2466.
  • #8,959
  • Edited 11:47am Nov 3, 2014 10:37am | Edited 11:47am
Quoting infinitus
{quote} ups, at around minute 10 he admits, that he made some faults
That is funny, but at least he did

BTW the whole day we have been in a triangle. The triangle has widened a bit during the day but that was all.
  • #8,960
  • Nov 3, 2014 4:09pm Nov 3, 2014 4:09pm
EU 8h TF

EW
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