This is a good summary of how I trade and I think pilottrader also, correct me if I'm wrong PT.... http://fxtradermagazine.com/technica...s-strategy.php
& I use 21, 55, 200 in trends.
FXcube
Cesarnc's market talk, gossips, rumours & fun
- #46,061
- Mar 25, 2015 7:23pm Mar 25, 2015 7:23pm
- Joined Nov 2009 | Status: Trader | 27,245 Posts
& I use 21, 55, 200 in trends.
FXcube
- #46,063
- Mar 25, 2015 11:50pm Mar 25, 2015 11:50pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote}
....Looking for a runner here for tree days, to the magenta line, wish me luck, tite stops, +1 ASAP... lol
The Chonchy
- #46,064
- Mar 25, 2015 11:59pm Mar 25, 2015 11:59pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
I have the same view as yesterday, if it cross the ema green 30, it will go to the magenta line and if it cross the magenta, it will go to the red ema 100, me think, the retrace is a retrace, you never know where it will end, but it has this obstacles on the way, I see...my 2cents....
The Chonchy
- #46,065
- Mar 26, 2015 3:17am Mar 26, 2015 3:17am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
we are going for the magenta line....
The Chonchy
- #46,066
- Mar 26, 2015 4:08am Mar 26, 2015 4:08am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
magenta line reach......
The Chonchy
- #46,067
- Mar 26, 2015 4:32am Mar 26, 2015 4:32am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...Lets go down now.....
The Chonchy
- #46,068
- Mar 26, 2015 5:16am Mar 26, 2015 5:16am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
big fight here....I need +1 ASAP...
The Chonchy
- #46,069
- Mar 26, 2015 5:20am Mar 26, 2015 5:20am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...I took some profits and lock one lot at +1...
The Chonchy
- #46,070
- Mar 26, 2015 5:29am Mar 26, 2015 5:29am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
..That magenta line is holding for now....
The Chonchy
- #46,071
- Mar 26, 2015 6:58am Mar 26, 2015 6:58am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...Can be simpler, bottom of the channel, pin bar on the monthly, full retrace or turn to the upper side of the channel, the question is, is it going to retest the lower trend line?, is it going to hit parity at least once? or is all over with the shorts? notice MACD is oversold and RSI as well, so make your bets.....
The Chonchy
USD/CAD...Glad I was asleep during this... another reject of the daily EMA50 (my yellow line), at 1.2418. If I had to guess, the pair will make its move with decent GDP numbers tomorrow. If low numbers, could be a final test of that line.
Mark
- #46,073
- Mar 26, 2015 10:40pm Mar 26, 2015 10:40pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
USD/CAD...Glad I was asleep during this... another reject of the daily EMA50 (my yellow line), at 1.2418. If I had to guess, the pair will make its move with decent GDP numbers tomorrow. If low numbers, could be a final test of that line. {image}
The Chonchy
- #46,074
- Mar 26, 2015 10:48pm Mar 26, 2015 10:48pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #46,075
- Mar 26, 2015 10:53pm Mar 26, 2015 10:53pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.....This reaction to the war is unjustified and it should go back to the retrace me think, and I hope I'm not wrong in this, weekly is still pointing up oversold a lot but price is under the yellow ema 5 wish is bad for the longs, it could be a continuation of the shorts and the indis can keep oversold a bit more, so a retest of the lows is in the horizon....
The Chonchy
- #46,076
- Mar 26, 2015 10:57pm Mar 26, 2015 10:57pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.This one hour is not in my favor either, Is got to many obstacles in the way up, I'm definitely feck.....
The Chonchy
- #46,077
- Mar 26, 2015 11:03pm Mar 26, 2015 11:03pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.....And according to this monthly chart, the candle already retraced to the 50% of that candle, so a continuance to the move down is not out of the question....
.....GlobalMacro where are you? I need advice....jasakreatif...pilottrader...Forexcube, anybody....lol
.....GlobalMacro where are you? I need advice....jasakreatif...pilottrader...Forexcube, anybody....lol
The Chonchy
- #46,078
- Mar 26, 2015 11:07pm Mar 26, 2015 11:07pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...50% retrace of that candle in the monthly can only mean two things, continuance of the long term trend down, or a pin bar on the monthly but for that we need to wait until Wednesday to see the end of the month, in wish case the weekend is in the middle of the results for me..... bad situation....Wednesday is the first, so....
bad situation....Wednesday is the first, so.... The Chonchy
- #46,079
- Mar 26, 2015 11:15pm Mar 26, 2015 11:15pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.....Based on this weekly retrace hasn't even go to the 23.6 %, but I'm not that good with fivo's, somebody show some light in here, what I see is a deviation from the technical because of the funnymentals ( the war ) correct me if I'm wrong here, price should have go to the 23.6 % at least but the news changed that, correct....
The Chonchy
- #46,080
- Mar 26, 2015 11:18pm Mar 26, 2015 11:18pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
....I knew that magenta line was an obstacle but not a ceiling, well I guess I have to learn ah....
The Chonchy