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  • #947,161
  • Jan 1, 2015 1:12pm Jan 1, 2015 1:12pm
Quoting Chicky
{quote} ps. Pa and Lines are very visible when chart is zoomed to smaller time-frame. This is just a bird's eye view and this mess appears only because of condensing the view.
That's what I used to on a one hour chart and would get some good set ups. When and where to enter and exit. Like you said, those lines are good forever.
Time turns trend. - W.D. Gann
  • #947,162
  • Jan 1, 2015 1:17pm Jan 1, 2015 1:17pm
Had to stop trading for the holidays.......
Work sucks : - (

Forex 100% oneday.


Someone please send me the holy grail so I can quit my day job : - )

Dear Forex Gods... I love you.. Please send me a sign
Back from the dead * ding fries are done *
  • #947,163
  • Jan 1, 2015 1:19pm Jan 1, 2015 1:19pm
Quoting ForExtraPips
{quote} That's what I used to on a one hour chart and would get some good set ups. When and where to enter and exit. Like you said, those lines are good forever.
Please don't forget that these lines are for reference purposes. Pa may or may not respect these lines. Sometimes it does and sometimes it doesn't. That's why I also have horizontal lines, if both indicate "Yes, this is the time" more probable. Some people also combine these lines with few other tools and try to get maximum assurance. But this game is all about timing and money management, rest (including fundamentals) is not that reliable.
The Thief of Wall Street
  • #947,164
  • Jan 1, 2015 1:20pm Jan 1, 2015 1:20pm
Or when you connect two bottoms and put the time line of the high in-between there. And where it intersects at is my next area of interest for support.
Attached Image (click to enlarge)
Click to Enlarge Name: eumnjan.png Size: 26 KB
Time turns trend. - W.D. Gann
  • #947,165
  • Jan 1, 2015 1:25pm Jan 1, 2015 1:25pm
Quoting ForExtraPips
Or when you connect two bottoms and put the time line of the high in-between there. And where it intersects at is my next area of interest for support. {image}
What time frame is that? It seems too big a time frame for trend lines. Technical work better on smaller time frames daily, 4H and 1H.
Post some 4H or 1H chart, I will try to put some lines as an example. It is most likely that angle would be around 45degree.
The Thief of Wall Street
  • #947,166
  • Jan 1, 2015 1:25pm Jan 1, 2015 1:25pm
Quoting Chicky
{quote} Please don't forget that these lines are for reference purposes. Pa may or may not respect these lines. Sometimes it does and sometimes it doesn't. That's why I also have horizontal lines, if both indicate "Yes, this is the time" more probable. Some people also combine these lines with few other tools and try to get maximum assurance. But this game is all about timing and money management, rest (including fundamentals) is not that reliable.
The funny thing about the fundamentals is that whenever I see something on my chart, then I'm like wondering, "how is price going to go from here all the way up to there?" based off some trend lines. Then sure enough, some fundamental news gets released, and price goes where projected. That's why whenever I get one of those, "no way, price can't do that right now", or a "hmmm....." the first thing I do is check the calendar. And sure enough, there's something on that particular date thats getting released.
Time turns trend. - W.D. Gann
  • #947,167
  • Jan 1, 2015 1:27pm Jan 1, 2015 1:27pm
Quoting Chicky
{quote} What time frame is that? It seems too big a time frame for trend lines. Technical work better on smaller time frames daily, 4H and 1H. Post some 4H or 1H chart, I will try to put some lines as an example. It is most likely that angle would be around 45degree.

It's a monthly. Trend lines work on any time frame. But the higher the time frame, the longer it takes to unfold. I just connected two bottoms with a trend line, no 45 degree angle or anything like that.
Time turns trend. - W.D. Gann
  • #947,168
  • Jan 1, 2015 1:32pm Jan 1, 2015 1:32pm
Quoting ForExtraPips
{quote} The funny thing about the fundamentals is that whenever I see something on my chart, then I'm like wondering, "how is price going to go from here all the way up to there?" based off some trend lines. Then sure enough, some fundamental news gets released, and price goes where projected. That's why whenever I get one of those, "no way, price can't do that right now", or a "hmmm....." the first thing I do is check the calendar. And sure enough, there's something on that particular date thats getting released.
LoL. I used to wonder too, but now don't because I know why it happens and what's the logic behind it. Pa rests in parking space before making a move (consolidation). Like the one euro is in just now 1.2100.

I remember once (maybe in 2008) a guy posted in this thread that it would be first time in 6 years that price won't close the weekly gap if it doesn't close this week. The price (If i correctly remember) was 250 pips far from the gap on Friday morning. At 2:30 pm (EST) it made a move, closed the gap and returned back before 4:00 pm to where it was before making the move and then week closed. No gap remained unfilled.
The Thief of Wall Street
  • #947,169
  • Jan 1, 2015 1:33pm Jan 1, 2015 1:33pm
Just like if you're a position trader and decided to go long at the low on 6-01-2010. Take a trend line and connect the previous two tops. Then put the time line of the low on 6-01-10, and where it intersects at is your point of interest for the next potential top and TP. Then look where price is currently at and next month's time line and point of interest where it intersects with the trend line.
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Time turns trend. - W.D. Gann
  • #947,170
  • Jan 1, 2015 1:57pm Jan 1, 2015 1:57pm
Quoting ryder950
Had to stop trading for the holidays....... Work sucks : - ( Forex 100% oneday. Someone please send me the holy grail so I can quit my day job : - ) Dear Forex Gods... I love you.. Please send me a sign
http://www.freakingnews.com/pictures...il--100723.jpg
The Thief of Wall Street
  • #947,171
  • Jan 1, 2015 2:06pm Jan 1, 2015 2:06pm
Quoting Chicky
{quote} {image}

Thank you for the gift. This just may do the trick !!!!
Back from the dead * ding fries are done *
  • #947,172
  • Jan 1, 2015 3:24pm Jan 1, 2015 3:24pm
hey whens the market going to open back???
  • #947,173
  • Jan 1, 2015 3:31pm Jan 1, 2015 3:31pm
Quoting afroz
hey whens the market going to open back???
for 29 minutes in my broker
  • #947,174
  • Jan 1, 2015 3:51pm Jan 1, 2015 3:51pm
anyone else looking to long this pair at opening? i think it is a nice area to enter long.

Price are trading at round number, wich also seems to be swing lows on weekly and monthly chart.
  • #947,175
  • Jan 1, 2015 4:05pm Jan 1, 2015 4:05pm
2015 trading plan is ready; be sure to use money management
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It takes a lot for me to IGNORE you, but you can try.
  • #947,176
  • Jan 1, 2015 4:09pm Jan 1, 2015 4:09pm
Quoting NWGstudent
anyone else looking to long this pair at opening? i think it is a nice area to enter long. Price are trading at round number, wich also seems to be swing lows on weekly and monthly chart.
you think.
rat
  • #947,177
  • Jan 1, 2015 4:44pm Jan 1, 2015 4:44pm
Quoting gatorinla
{quote} . wherever the year ends.. looking for that number -2616 ish.. 1/2 way point to enter a Long term short if possible
not gonna happen w/o some closes 2104 + to start, its very bearish still. i will have to wait for this (2360) or something else. 2360 does not look achievable atm. 2104 may be a future s/r depending on broker 2088/2104. not longing, just a higher place to look for a short. just not the usual 3040 one.
those who can, do. those who cant, talk about those who can
  • #947,178
  • Jan 1, 2015 4:58pm Jan 1, 2015 4:58pm
Quoting fxtyrant
{quote} wont be trading until perhaps 2nd week of january.
maybe, the same here, just taking some glances to see whats going on. uj has my attention.. any pullback on it me give the eu a better short later. mostly a waiting game. closed my eu shorts too early.
those who can, do. those who cant, talk about those who can
  • #947,179
  • Jan 1, 2015 5:13pm Jan 1, 2015 5:13pm
Quoting COGSx86
is it just me or does anyone else think its weird where the price closed 1.21001 ? clearly the market makers wanted it to close at a new low, but specifically at that price. Its like they are laughin at all the retail traders because they could close the price at exactly the price they wanted. Im thinking the ECB, draghi is loving this hoping to increase exports. Race to the bottom
what else do they want? post this before hand, and be correct 5x (in a row) and i will pay u a million bucks each time thereafter.
those who can, do. those who cant, talk about those who can
  • #947,180
  • Jan 1, 2015 5:17pm Jan 1, 2015 5:17pm
Quoting rattyo
Euro has bounced around these levels 5 times in the last 10 years. I can't see any reason why it won't continue down but you can't ignore that statistic. Really if you haven't reaped the benefits of shorts from this market possibly missed the boat. {image}
Epiphany in forex?
those who can, do. those who cant, talk about those who can
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