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  • #938,181
  • Nov 23, 2014 5:49pm Nov 23, 2014 5:49pm
Quoting rehorst
{quote} My guess is that you place a limit and a stop limit just above and below the consolidation. When the price breaks out the gain will be larger than the loss. {quote} Here is where I don't see the magic yet. Comparing the weekly EU and AU charts, all I see are LH's and LL's implying more down. Please illuminate me!
Reminisce of a Stock Operator (Jesse's Method) mentions about this. I think this phenomenon is common among currencies, stocks and commodities. You either buy or sell here (but not both) based on general market conditions/fundamentals. You don't add if wrong, however, if it falls below your tolerance mark (sl) (on or just below/above Jesse's "Line of Least Resistance") after adding, you don't think too much, just get out. But if it breaks in your favor, you add the rest of the position then open a bottle of vodka and wait for the next consolidation. Repeat and rinse because these narrow consolidations have longer term impacts and most of the time they indicate start of a new longer term trend. Jesse's exact words are something like this "A break and then some good bargains". I think by "some good bargains" he referred to the trend (HH, HL and LL, LH, etc) you complete your buying/selling at first couple of retraces but no consistent pyramiding. Check the book for the text where Jesse mentioned about the times when market does not move or moves very little.
The Thief of Wall Street
  • #938,182
  • Nov 23, 2014 6:29pm Nov 23, 2014 6:29pm
Quoting pedro319
{quote} EURUSD M1- 1.2190 is .618 Extension Monthly chart and is the main target at the moment, until that gets broken there is no point in talking about levels further down. D1- Retracement on Daily chart is over imo after touching .447 Fib level at 1.26, price should retrace only on smaller tfs H4 and H1. ABCD D1 in red 1.618 stands at 1.2256, the other in violet stands at 1.2190 area. H4- This is a possible move from 1.2350 below MS1 (1.618 Ext current swing) to 1.2445 (destination retracement .447 + WPP). During the week there might be something...
Good stuff bro, i realy like your analysis style, jute keep it simple -> few numbers and few charts! ...this is the way we should always do, like that we can make big money or lose very litle ! -)
  • #938,183
  • Nov 23, 2014 6:34pm Nov 23, 2014 6:34pm
Yap... Long term trending....
  • #938,184
  • Edited 7:22pm Nov 23, 2014 7:09pm | Edited 7:22pm
Quoting TheNoob
{quote} +1 you are true, it seems nothing but it is so important. all i can see is clear traps...
the same here. but probably the other way. 2473 has/had a limited amount of crosses as 2383 should. the week closed below both. normally i do expect one more shot at 2467/73 (possibly 2) but the closes are on another page. as time goes on 2383 is a big #,, (2213 also)

Quoting gatorinla
{quote} if today, opens below 2383,, it has a better shot of dropping.. Fridays close was 2381... oh, thats a LL close on the week also. so i wouldn't be expecting much bull help from techs with a -2383 opens help. 2383 probably future s/r and a larger scale then the 2473/2606 ones
those who can, do. those who cant, talk about those who can
  • #938,185
  • Nov 23, 2014 7:39pm Nov 23, 2014 7:39pm
Quoting PhAnTi'
{quote} Hey M., disagree on the low 2340. If yearly low 2357 breaks, this will be a quicke for 2250/70 imho, anyway lets c. I'll take the levels as they come Cheers, JB
Many are waiting to see reaction at 2323. May be touch & go.
  • #938,186
  • Nov 23, 2014 8:23pm Nov 23, 2014 8:23pm
as far as i see we can probably go down again from here,, 1.238 area its heavy to take easyli.. maybe down to 1.235 or even 1.232 area..
the true currencies here is patience and react precisely
  • #938,187
  • Nov 23, 2014 8:30pm Nov 23, 2014 8:30pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
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  • #938,188
  • Nov 23, 2014 8:43pm Nov 23, 2014 8:43pm
Quoting eggs
https://www.youtube.com/watch?v=5ugjqlKsgcM

Is this a forex forum thread?

Inserted Video
The Thief of Wall Street
  • #938,189
  • Nov 23, 2014 9:14pm Nov 23, 2014 9:14pm
Quoting mied
as far as i see we can probably go down again from here,, 1.238 area its heavy to take easyli.. maybe down to 1.235 or even 1.232 area..
May be but what look like is a bit retrace to 2434 imo ... Other guys say it 2445
rules are different here. Less risk, more profit .. !!
  • #938,190
  • Nov 23, 2014 9:19pm Nov 23, 2014 9:19pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Chicky
{quote} Is this a forex forum thread? https://www.youtube.com/watch?v=9Wq5MHIRWqQ
What pastime is this? Where are the fans, cameras, announcers or athletes for that matter? Are they throwin' back pints on the field?

What's next a wicked croquet shot in some obscure country of 1,200 people?
  • #938,191
  • Nov 23, 2014 9:28pm Nov 23, 2014 9:28pm
Quoting eggs
{quote} What pastime is this? Where are the fans, cameras, announcers or athletes for that matter? Are they throwin' back pints on the field? What's next a wicked croquet shot in some obscure country of 1,200 people?
In Chapter 11 of New World Order
The Thief of Wall Street
  • #938,192
  • Nov 23, 2014 9:32pm Nov 23, 2014 9:32pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
This is his warmup before tonight's game...just sick

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  • #938,193
  • Nov 23, 2014 9:48pm Nov 23, 2014 9:48pm
Quoting Chicky
{quote} In Chapter 11 of New World Order
Give me example of a game other than cricket where all game strategy and decisions rest with the Team Captain and role of Coaches and Managers is restricted to polishing their skills or performing administrative tasks.
The Thief of Wall Street
  • #938,194
  • Nov 23, 2014 10:07pm Nov 23, 2014 10:07pm
Quoting eggs
This is his warmup before tonight's game...just sick https://www.youtube.com/watch?v=BY8xrmkN9w4
Inserted Video
The Thief of Wall Street
  • #938,195
  • Nov 23, 2014 10:08pm Nov 23, 2014 10:08pm
no look back. Slow and steady move north. Any comments on this EU move?
  • #938,196
  • Nov 23, 2014 10:14pm Nov 23, 2014 10:14pm
Quoting Magicmen
no look back. Slow and steady move north. Any comments on this EU move?
we are atleast 2434 then 2200 ... Imo
rules are different here. Less risk, more profit .. !!
  • #938,197
  • Nov 23, 2014 10:17pm Nov 23, 2014 10:17pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Chicky
{quote} https://www.youtube.com/watch?v=gedwqDWph8o
Hey... FANS! People really do give a sand covered cat crap about cricket.

I guess it helps when the ball is a 5th the size as big boy sports. Explains why the 11 year old can make the play.

& If all the game strategies & decisions are made by the 'Team' Captain.... It's not a team.
  • #938,198
  • Nov 23, 2014 10:21pm Nov 23, 2014 10:21pm
Quoting eggs
{quote} Hey... FANS! People really do give a sand covered cat crap about cricket. I guess it helps when the ball is a 5th the size as big boy sports. Explains why the 11 year old can make the play. & If all the game strategies & decisions are made by the 'Team' Captain.... It's not a team.
I agree, ..................... let's fire Obama, he makes the decisions. This is not democracy.......... Everyone should have the right to make every decision.
The Thief of Wall Street
  • #938,199
  • Nov 23, 2014 10:22pm Nov 23, 2014 10:22pm
Why did the 10 year treasury drop so much over the weekend anyone know?
  • #938,200
  • Nov 23, 2014 10:28pm Nov 23, 2014 10:28pm
Quoting teddybomber
Why did the 10 year treasury drop so much over the weekend anyone know?
Because Yellen makes the decisions. Let us make the decisions.
The Thief of Wall Street
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