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  • #1,321
  • Mar 13, 2015 12:24pm Mar 13, 2015 12:24pm
Quoting drammen
{quote} May i know how you draw major s&r like your last picture? I tried doing keywords search on this thread but didnt find anything usefull.
http://www.forexfactory.com/showthre...05#post8088805
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Cut your Losers short and let your Winners run.
  • #1,322
  • Mar 15, 2015 5:56am Mar 15, 2015 5:56am
Quoting dee50
It should get really interesting. The last 3 Monthly Divergences have resulted in significant reversals, at this moment we have divergence forming at the most oversold point on the MACD in a decade. However, the 161.8% EXT is at PARITY. Which will be the strongest influence? Neither. The ECB, FED and the Banks will decide the direction. Second chart is the 1hour equivalent 10 pip Renko. 1st break of a Trend line since the 3rd February. {image} {image}
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nescentia necat
  • #1,323
  • Mar 15, 2015 9:24am Mar 15, 2015 9:24am
Thanks to Friska for his charts, he has got a handle on this long term analysis, where as after 9 years this is what I see.
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Cut your Losers short and let your Winners run.
  • #1,324
  • Edited 2:17pm Mar 15, 2015 11:14am | Edited 2:17pm
Quoting dee50
Thanks to Friska for his charts, he has got a handle on this long term analysis, where as after 9 years this is what I see. {image}

as you rightly say, we have no idea where the money goes.
could be a good level of alarm, signs point to this ... (nice spotted the bullish 'insect' )
but I want remind myself that 'we have to trade what we see', right?
so let's see what happens...

...they decide,
we can only draw lines .. heheh
nescentia necat
  • #1,325
  • Mar 16, 2015 4:33am Mar 16, 2015 4:33am
3 trades and EU + 20
BIG MONEY SHORT AT 1.0521 FOR 1.0400 OBJECTIVE, STOP 1.0593 ...
I think that EU is little oversold at this level 1.04-05 but maybe we get 1:1.00 in 2-3 weeks... who knows

Dee50, I admire your educational work and patience here and your trades, U made me profitable trader THAAAANKS
  • #1,326
  • Mar 16, 2015 6:44am Mar 16, 2015 6:44am
I hope your trade works out for you. However, given the dramatic positioning of USD longs, with a fed meeting on Wednesday, I would be surprised if a counter trend bounce does not happen due to profit taking. I like your target, but not so much the timing of the trade. Just my .02


Quoting Aeb82
3 trades and EU + 20 BIG MONEY SHORT AT 1.0521 FOR 1.0400 OBJECTIVE, STOP 1.0593 ... I think that EU is little oversold at this level 1.04-05 but maybe we get 1:1.00 in 2-3 weeks... who knows Dee50, I admire your educational work and patience here and your trades, U made me profitable trader THAAAANKS
  • #1,327
  • Mar 16, 2015 7:14am Mar 16, 2015 7:14am
Quoting panamamike
I hope your trade works out for you. However, given the dramatic positioning of USD longs, with a fed meeting on Wednesday, I would be surprised if a counter trend bounce does not happen due to profit taking. I like your target, but not so much the timing of the trade. Just my .02 {quote}
saying "BIG MONEY" I mean... what BIG MONEY Trades ...
http://www-2.danskebank.com/danskeresearch DanskeTechnicalUpdate ... S 1.0521 it is not my. Actually I am OUT.
  • #1,328
  • Mar 16, 2015 7:34am Mar 16, 2015 7:34am
Those "Big Money" positions are to be taken with a grain of salt IMO. I have tracked major bank calls etc over n extended period of time. They vary as much as speculative positions. As one calls long, another is calling short. I found they tainted my view and tended to do more harm than good by creating biases. Just my .02

Quoting Aeb82
{quote} saying "BIG MONEY" I mean... what BIG MONEY Trades ... http://www-2.danskebank.com/danskeresearch DanskeTechnicalUpdate ... S 1.0521 it is not my. Actually I am OUT.
  • #1,329
  • Mar 16, 2015 7:37am Mar 16, 2015 7:37am
THANKS Panamamike. I'll keep in mind.
  • #1,330
  • Mar 16, 2015 8:11am Mar 16, 2015 8:11am
Quoting panamamike
Those "Big Money" positions are to be taken with a grain of salt IMO. I have tracked major bank calls etc over n extended period of time. They vary as much as speculative positions. As one calls long, another is calling short. I found they tainted my view and tended to do more harm than good by creating biases. Just my .02 {quote}
Wisdom from the Jungle. Absolutely correct. I did a post about this last year, I pulled 3 market forecasts off the web and each one said something different. I look at Danske only because they have tended to be a bit more consistent and having had a great deal of contact with the Norske folk I have found that they tend to be more level headed than other nations.

This was my forecast at the time of that post, I think it is probably still appropriate today.

"Here is my analysis of the market for the next couple of days.

I predict that some currencies will go up while others will go down but I advise caution because of current market sentiment, those currencies that I predict will rise might actually come down and those I predict will come down might actually rise, if sentiment changes during the next few days we could expect some currencies to consolidate for a period of time. The technicals show that a mandarin candle has recently collided with a satsuma candle but the lack of a granny smith means that it will be a lacklustre affair and price is likely to lay down for a rest."
Cut your Losers short and let your Winners run.
  • #1,331
  • Mar 16, 2015 8:54am Mar 16, 2015 8:54am
EU B/E +18 ongoing. Although only a minor news, it was enough to provide a bit of momentum. Tp at the 161.8% should give 50. which will do for today.

EDIT. As I posted price jumped up and got my TP for 50
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Cut your Losers short and let your Winners run.
  • #1,332
  • Mar 16, 2015 8:54am Mar 16, 2015 8:54am
35 pips long trade taken on EU with stoch in agreement:
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patience is a virtue
  • #1,333
  • Mar 16, 2015 9:04am Mar 16, 2015 9:04am
Looks like I should have held for the 200% + Resistance area but hindsight is 20/20.
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Cut your Losers short and let your Winners run.
  • #1,334
  • Mar 16, 2015 10:09am Mar 16, 2015 10:09am
Hello,

I've been away for a few weeks and have just got back. Hope everyone got many pips.

Catching up on the thread I noticed the TTindy. It looks a good addition however does anyone know how to change the pairs that it shows?

Thanks
  • #1,335
  • Mar 16, 2015 10:44am Mar 16, 2015 10:44am
Quoting amfx
Hello, I've been away for a few weeks and have just got back. Hope everyone got many pips. Catching up on the thread I noticed the TTindy. It looks a good addition however does anyone know how to change the pairs that it shows? Thanks
Only way to do it is to go into the code. or go to mr Packhams thread the TTindy there has got 27 pairs that should be enough for you.
Cut your Losers short and let your Winners run.
  • #1,336
  • Mar 16, 2015 8:34pm Mar 16, 2015 8:34pm
Quoting dee50
{quote} Only way to do it is to go into the code. or go to mr Packhams thread the TTindy there has got 27 pairs that should be enough for you.
Thanks for the reply dee.

No I definitely don't want 27 pairs. I just wanted to change USDCAD to GBPJPY.
  • #1,337
  • Mar 16, 2015 10:13pm Mar 16, 2015 10:13pm
I think you may be misunderstanding how the TTindi is used/works. If the GBP/JPY is pair you like to trade, the indi would tell you when it has been moving relative to other pairs.
Good Trading
  • #1,338
  • Mar 17, 2015 4:57am Mar 17, 2015 4:57am
Quoting amfx
{quote} Thanks for the reply dee. No I definitely don't want 27 pairs. I just wanted to change USDCAD to GBPJPY.
You have post.
Cut your Losers short and let your Winners run.
  • #1,339
  • Mar 17, 2015 8:14am Mar 17, 2015 8:14am
GU +50 +36. 2 completely separate trades. Both based off the TTIndy. I initially entered on the 3 pip chart and then changed to monitor the trades on the 5 pip chart, but for a change on GU, there was hardly any volatility so I changed back to the 3 pip chart to monitor just so I would see some feedback, oh bugger it, here is the 5 pip chart as well, see what I mean, smooth as a babies bottom. if you look left on the 5 pip chart see how jumpy price is, that is normal for GU, that is why I use a 5 pip chart for GU it takes out that noise, but you have to adjust your SL and B/E tactic for it as well.
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Cut your Losers short and let your Winners run.
  • #1,340
  • Mar 17, 2015 10:05am Mar 17, 2015 10:05am
got a GU short trade in progress + 25 pips now, using 15 pips trailing stop because i will go to bed sonn,it is a bounce off LWMA 100 trade
Attached Image
patience is a virtue
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