what starts in Asia... Just saying.. im prepared.. this is a critical area.. make or break.. I think we should just take note of any big engulfing Bearish candles if they form
- #1,000,043
- Jun 10, 2015 4:53pm Jun 10, 2015 4:53pm
- | Joined Feb 2012 | Status: Patient | 208 Posts
I thought this was interesting. I was drawing trend lines on the EUR/USD month chart to see if I could find some patterns. The first go looked very simple and would make any trader think that trend lines (mine are lines following the lows of an uptrend or the highs of a down trend). Then I thought, what if this was real time, mont to month, how would I draw the lines then?
This is the simple chart with single trend lines. Seems very straight forward but hindsight is 20/20.
This shows many of the trends I would have drawn, every month. There should probably be even more on here.
Basically, at least for the monthly, I would not trade solely on trend lines. I don't think any trades should be based on a single indicator anyway. Thoughts? Hope this was insightful!
All the pips to you all!
This is the simple chart with single trend lines. Seems very straight forward but hindsight is 20/20.
This shows many of the trends I would have drawn, every month. There should probably be even more on here.
Basically, at least for the monthly, I would not trade solely on trend lines. I don't think any trades should be based on a single indicator anyway. Thoughts? Hope this was insightful!
All the pips to you all!
Do what you are afraid to do -Emerson
- #1,000,044
- Jun 10, 2015 5:08pm Jun 10, 2015 5:08pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,000,045
- Jun 10, 2015 5:22pm Jun 10, 2015 5:22pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
there's a chance that yen would strengthen during the asian session so get ready to bag some profits those who went short for USDJPY and GPBJPY 
When life gives you lemons, make lemonade
- #1,000,046
- Jun 10, 2015 5:49pm Jun 10, 2015 5:49pm
- | Joined Feb 2015 | Status: Lording over the forex | 532 Posts
there's a chance that yen would strengthen during the asian session so get ready to bag some profits those who went short for USDJPY and GPBJPY
can you explain why? i dont use to trade usdjpy, looking it right now
thanks
Perfecting your entry will increase your profits
- #1,000,047
- Jun 10, 2015 6:07pm Jun 10, 2015 6:07pm
- Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts
- #1,000,048
- Jun 10, 2015 7:28pm Jun 10, 2015 7:28pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
{quote} Just seen it, from CCC+ to CCC. One more remaining. They say Greece would become bankrupt in 12 months without a deal, quite optimistic
- #1,000,050
- Edited Jun 11, 2015 2:04am Jun 10, 2015 8:39pm | Edited Jun 11, 2015 2:04am
DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
- #1,000,051
- Jun 10, 2015 9:07pm Jun 10, 2015 9:07pm
- Joined May 2012 | Status: Thank you Graeme | 1,449 Posts
Dangdut is a music of my country
- #1,000,052
- Edited 10:17pm Jun 10, 2015 9:53pm | Edited 10:17pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #1,000,053
- Jun 10, 2015 10:12pm Jun 10, 2015 10:12pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #1,000,054
- Jun 10, 2015 11:27pm Jun 10, 2015 11:27pm
GU long triggered at 1.5492
hoping for north
- #1,000,055
- Jun 11, 2015 12:01am Jun 11, 2015 12:01am
- Joined Mar 2008 | Status: Fooled by randomness | 8,360 Posts
there's a chance that yen would strengthen during the asian session so get ready to bag some profits those who went short for USDJPY and GPBJPY
When life gives you lemons, make lemonade
- #1,000,056
- Jun 11, 2015 12:01am Jun 11, 2015 12:01am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
uj bull and bear been scrapping 10hrs straight. lord have mercy on loser :-)
If you are new to Forex? Say Goodbye to your account!!
- #1,000,058
- Jun 11, 2015 12:43am Jun 11, 2015 12:43am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #1,000,059
- Jun 11, 2015 12:52am Jun 11, 2015 12:52am
- | Joined Jan 2013 | Status: Trader | 778 Posts
Quite here so far.. guess still too early.. Gator you still have (for lower) targets, 078x, and 065x on the books?
was thinking we might hit those this week, but not so likely now..might be next week
was thinking we might hit those this week, but not so likely now..might be next week
- #1,000,060
- Jun 11, 2015 12:54am Jun 11, 2015 12:54am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts