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  • #934,361
  • Nov 9, 2014 1:20am Nov 9, 2014 1:20am
Quoting priceaction1
{quote} For me this is nothing 1.2500 was cut like a butter slice no round number no historical level, though price offer some predictable behavior at certain point. but it is not any fix point it can be at any point but just what i want to see is a some formation and behavior of price. I see same thing in Friday. though miss the move. that's why I need some trading management program
No Man! Not Again!

When it dropped over 700 pips from 1.3000 in one session in those days, I started going long when it passed 1.2700 like a knife through butter . A $7,250 brand new account with 1:100 leverage. Kept on adding to my longs. Added about 36 more long trades when it crossed 1.2500, hoping it would soon bounce. Margin left was $3.60 when it went below 1.2400, if it goes 1 or 2 pips further down, I am wiped out. It started showing a bounce, a lucky spike up, I bailed out at $6,180............... promised never to do it again ........................... did 11 more times and never survived.
The Thief of Wall Street
  • #934,362
  • Nov 9, 2014 1:26am Nov 9, 2014 1:26am
Quoting Chicky
{quote} No Man! Not Again! When it dropped over 700 pips from 1.3000 in one session in those days, I started going long when it passed 1.2700 like a knife through butter . A $7,250 brand new account with 1:100 leverage. Kept on adding to my longs. Added about 36 more long trades when it crossed 1.2500, hoping it would soon bounce. Margin left was $3.60 when it went below 1.2400, if it goes 1 or 2 pips further down, I am wiped out. It started showing a bounce, a lucky spike up, I bailed out at $6,180............... promised never to do it again ..............................
so it is hard to get rid of old habitats me too.
don't predict direction, but dance with flow of water
  • #934,363
  • Nov 9, 2014 1:30am Nov 9, 2014 1:30am
The Eu/US should retrace from 1.25 level. See my 4h trendlines. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd resistance.png Size: 28 KB
  • #934,364
  • Nov 9, 2014 1:34am Nov 9, 2014 1:34am
Quoting priceaction1
{quote} so it is hard to get rid of old habitats me too.
No. I don't do it any more. Now don't even think of doing it. If I want to make such a gamble, do it on a demo account. My live trading does not require more than 10 minutes, three or four times a day. That's why I spend time here. Once you have gained experience and have a good method, you don't feel like deviating from it because you already know what is gonna happen if you deviate from your method. It doesn't annoy you if market is not moving or if it is ranging in a narrow band for weeks or months like Holidays session.
The Thief of Wall Street
  • #934,365
  • Nov 9, 2014 1:44am Nov 9, 2014 1:44am
This could be possible. No?
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily.jpg Size: 125 KB
Money never sleeps I can hear the dollar calling me
  • #934,366
  • Nov 9, 2014 1:47am Nov 9, 2014 1:47am
Quoting shivam332
This could be possible. No? {image}
As long as your arrows do not point towards left, everything is possible.
The Thief of Wall Street
  • #934,367
  • Nov 9, 2014 1:53am Nov 9, 2014 1:53am
Quoting Chicky
{quote} As long as your arrows do not point towards left, everything is possible.
I'm so confused on this pair right now!
Money never sleeps I can hear the dollar calling me
  • #934,368
  • Nov 9, 2014 2:06am Nov 9, 2014 2:06am
Quoting shivam332
This could be possible. No? {image}
very likely.

http://www.forexfactory.com/showthre...48#post7154148
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #934,369
  • Nov 9, 2014 2:10am Nov 9, 2014 2:10am
Quoting ffleo
{quote} very likely. http://www.forexfactory.com/showthre...48#post7154148
Great analysis buddy so are you going to sell that house?
Money never sleeps I can hear the dollar calling me
  • #934,370
  • Nov 9, 2014 2:24am Nov 9, 2014 2:24am
Quoting shivam332
{quote} I'm so confused on this pair right now!
More than 50% probability of it following your smaller arrow (the one that goes straight down) than the one that first goes up and then down.

Reason: This possibility is based on this pa behavior (Please test on your charts for complete satisfaction): 1) If it cuts through a key level, comes back to that level and then continues its journey, 2) If it bounces off a key level instead of cutting through it, can either bounce again or reverses its direction.

Assumption: I assume your horizontal lines have been drawn on carefully selected key levels.

If you see your chart, price first cut through a key level, then retested it and now it is going towards the next support below.
The Thief of Wall Street
  • #934,371
  • Nov 9, 2014 3:19am Nov 9, 2014 3:19am
Quoting Chicky
{quote} If most are long, does it mean it will go up? If most are short, does it mean it will go down? What it means if number of bulls keeps on increasing as the time goes by? What it means if number of bears keeps on increasing as the time goes by? What it means if most traders switch their positions from short to long? or vice versa Where can I find the information about intended profit targets of most, if most are long? or for that of shorts, if most are short? What are the other qualities of a good information, in addition to: Relevance, Completeness,...
If most are long, does it mean it will go up? YES
If most are short, does it mean it will go down? YES
What it means if number of bulls keeps on increasing as the time goes by? It means the chances of selling is wearing out
What it means if number of bears keeps on increasing as the time goes by? It means the chances of buying is wearing out
What it means if most traders switch their positions from short to long? or vice versa <-- it means traders are taking profits
Where can I find the information about intended profit targets of most, if most are long? or for that of shorts, if most are short?<--- you can't determine this...the amount of people trading every seconds, minutes, hours, days, months, years are not the same nor they amount of money being spent are the same....therefore every target are unique but generally can be seen on chart formation (historical data).
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #934,372
  • Nov 9, 2014 3:32am Nov 9, 2014 3:32am
@ Chicky
Attached Image (click to enlarge)
Click to Enlarge Name: chicky.jpg Size: 315 KB
don't predict direction, but dance with flow of water
  • #934,373
  • Nov 9, 2014 3:40am Nov 9, 2014 3:40am
Quoting Chicky
{quote} More than 50% probability of it following your smaller arrow (the one that goes straight down) than the one that first goes up and then down. Reason: This possibility is based on this pa behavior (Please test on your charts for complete satisfaction): 1) If it cuts through a key level, comes back to that level and then continues its journey, 2) If it bounces off a key level instead of cutting through it, can either bounce again or reverses its direction. Assumption: I assume your horizontal lines have been drawn on carefully selected key...
I agree with you. Thank you but I don't feel comfortable to short this pair at this level. I don't know why! What's your view on short? Which levels could be good to short this pair? Thank you
Money never sleeps I can hear the dollar calling me
  • #934,374
  • Nov 9, 2014 5:04am Nov 9, 2014 5:04am
can please some body tell that what can we expect in EUR/USD in forthcoming week?
  • #934,375
  • Nov 9, 2014 5:30am Nov 9, 2014 5:30am
Quoting Chicky
{quote} As long as your arrows do not point towards left, everything is possible.
I wish I had a "like" button ...
  • #934,376
  • Nov 9, 2014 6:27am Nov 9, 2014 6:27am
Quoting shivam332
{quote} I agree with you. Thank you but I don't feel comfortable to short this pair at this level. I don't know why! What's your view on short? Which levels could be good to short this pair? Thank you
2360-2380 is the ultimate support... nothing lower...so it's not really a surprise if we didn't get to 1.2340...
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #934,377
  • Nov 9, 2014 6:37am Nov 9, 2014 6:37am
@ THENOOB!!!! so the stop hunter will test the 1.2340 area ok let start buy bellow 1.2345-30 area and stop@ 1.2313 area.
don't predict direction, but dance with flow of water
  • #934,378
  • Nov 9, 2014 6:38am Nov 9, 2014 6:38am
I cannot give advice but I will carry on fallowing dow jones and usd and us datas. I made good profit from dow jones futures. I mentioned it before and I repeat. We are on the last leg of bull market (dow jones) or we are on the last leg of the bear market (eurusd). I dont expect significant drop from this point (eurusd). Last leg all I expect is 1.2320sh. But it may not happen.

Dont forget that strong currency is not tempting any goverment at the moment. If its goes under 1.20 (dream on as you dreamt for many many years!) it will be dealt quickly by strong hands.

So I said last leg! No more than 200 pips down. But its very possible correction through 1.25 to 1.27 which would make everybody happy.

p.s.: i am thinking out loud!
Its not an advice and sorry for grammar.
  • #934,379
  • Nov 9, 2014 7:37am Nov 9, 2014 7:37am
hi,oundar,i like to analyze dow jones and dax30,but i dont think they are easy to understand for traders.so ,how do you think dow jones?
  • #934,380
  • Nov 9, 2014 7:42am Nov 9, 2014 7:42am
Hi Guys!
Iam New in here not in forex .. I want to share my experience to you all ... and reverse ... so who wants say me welcome first?
1,015 traders viewing now, 1 is registered:
Muhammad-td