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  • #1,015,521
  • Aug 2, 2015 2:33pm Aug 2, 2015 2:33pm
Quoting gatorinla
{quote} picture? i can't get a clear one, w/o starting well below 1.3993. 3602 on the week to 2568.. using 3993 we are miles away from it
picture attached

Attached Image (click to enlarge)
Click to Enlarge Name: euro-2015-08-02 14:28:16.png Size: 25 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,522
  • Aug 2, 2015 2:41pm Aug 2, 2015 2:41pm
Quoting ffleo
{quote} ok, when you talk about volume, I have no argument against you.
Yes, and this volume reflects (according to the anecdotal evidence I've read ) that that's when the pro trading desks are coming on line, even though you can, of course, do forex transactions in banks when they open, and actually even 24 hours around the clock. But if you know that big trading desks generating the highest volume of the day are coming on line at 9:30 do you want to take a position just before then? It depends on your trading style I guess but I think it's something to be aware of.
  • #1,015,523
  • Aug 2, 2015 2:47pm Aug 2, 2015 2:47pm
Quoting MissPips
{quote} Yes, and this volume reflects (according to the anecdotal evidence I've read ) that that's when the pro trading desks are coming on line, even though you can, of course, do forex transactions in banks when they open, and actually even 24 hours around the clock. But if you know that big trading desks generating the highest volume of the day are coming on line at 9:30 do you want to take a position just before then? It depends on your trading style I guess but I think it's something to be aware of.
lol, I wish I lived in Europe so I can stay up every day to trade the London session. Now if I stay up for the London session, a few hours later I feel sleepy and have to miss the New York session
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,524
  • Aug 2, 2015 2:48pm Aug 2, 2015 2:48pm
Quoting ffleo
{quote} picture attached {image}
ok i see it now.. i also see it as subjective. the tl does not start at a high. its picked out from a random place away from the high. and its never been respected even once on a weekly chart since, not even once on a daily, picture included red line (each poke crossed). if i use 3993 a tl dont start till 16xx blue line.. picture shows a dt and a db/ with 0964 in the middle this year and 7 year chart level
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #1,015,525
  • Aug 2, 2015 3:01pm Aug 2, 2015 3:01pm
Quoting gatorinla
{quote} ok i see it now.. i also see it as subjective. the tl does not start at a high. its picked out from a random place away from the high. and its never been respected even once on a weekly chart since, not even once on a daily, picture included red line (each poke crossed). if i use 3993 a tl dont start till 16xx blue line.. picture shows a dt and a db/ with 0964 in the middle this year and 7 year chart level {image}
that blue line is the down trend just started at a lower pace. The down trend assumed a full pace starting July 2014. How we want the fast pace trendline to fit now is affected by the tip on Dec 16, 2014. It is my believing that things cannot be accurate to the pip, especially for such a large time span, if that tip on Dec 16, 2014 was up 20 or 30 pips, then your red line would look different
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,526
  • Aug 2, 2015 3:12pm Aug 2, 2015 3:12pm
Quoting ffleo
{quote} that blue line is the down trend just started at a lower pace. The down trend assumed a full pace starting July 2014. How we want the fast pace trendline to fit now is affected by the tip on Dec 16, 2014. It is my believing that things cannot be accurate to the pip, if that tip on Dec 16, 2014 was up 20 or 30 pips, then your red line would look different
i guess.. i like black and white. when one continues to move the goal post. it will always make them right. until the drawdown between now and the first time it crossed can be a bitch.. lot of talk about these tl have been made, mostly once we crossed 1385 ish.. its since been to 0807.. black and white 500+ drawdown
those who can, do. those who cant, talk about those who can
  • #1,015,527
  • Aug 2, 2015 3:16pm Aug 2, 2015 3:16pm
Break of 1.0974 will come down to 1.0958 (this area will be tricky), if it will hold, then it will go up, otherwise, TP1 1.0924, TP2 1.0899

Up targets: 1.1008, then break of 1.1030 will lead price to 1.1102
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  • #1,015,528
  • Aug 2, 2015 3:16pm Aug 2, 2015 3:16pm
Quoting gatorinla
{quote} i guess.. i like black and white. when one continues to move the goal post. it will always make them right. until the drawdown between now and the first time it crossed can be a bitch.. lot of talk about these tl have been made, mostly once we crossed 1385 ish.. its since been to 0807.. black and white 500+ drawdown
lol, everybody does that, right? If not this then that. If this number was not hit, then next number, right?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,529
  • Aug 2, 2015 3:18pm Aug 2, 2015 3:18pm
If not going up then down. Excellent anal-ysis.
  • #1,015,530
  • Aug 2, 2015 3:19pm Aug 2, 2015 3:19pm
Quoting ffleo
{quote} lol, everybody does that, right? If not this then that. If this number was not hit, then next number, right?
i certainly do.. but it will not take 500 pips to know it..
those who can, do. those who cant, talk about those who can
  • #1,015,531
  • Aug 2, 2015 3:21pm Aug 2, 2015 3:21pm
Quoting gatorinla
{quote} i certainly do.. but it will not take 500 pips to know it..
one thing you advocate I believe that benefit everybody is to use stops. If wrong, stop out and move on.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,015,532
  • Aug 2, 2015 3:25pm Aug 2, 2015 3:25pm
if it opens -0964.. its probably not bullish month wise or week wise. its nfp week.. pump before nfp happens many times before friday
those who can, do. those who cant, talk about those who can
  • #1,015,533
  • Aug 2, 2015 3:43pm Aug 2, 2015 3:43pm
Quoting gatorinla
{quote} ok i see it now.. i also see it as subjective. the tl does not start at a high. its picked out from a random place away from the high. and its never been respected even once on a weekly chart since, not even once on a daily, picture included red line (each poke crossed). if i use 3993 a tl dont start till 16xx blue line.. picture shows a dt and a db/ with 0964 in the middle this year and 7 year chart level {image}
agree, that's one weird trendline hehe
  • #1,015,534
  • Aug 2, 2015 3:51pm Aug 2, 2015 3:51pm
Quoting ffleo
{quote} lol, everybody does that, right? If not this then that. If this number was not hit, then next number, right?
My take on where EUR/USD is heading over the next few hours: We'll be in a really tight range... unless we have a strong move up... but if that doesn't happen we're going down hard!
  • #1,015,535
  • Aug 2, 2015 3:51pm Aug 2, 2015 3:51pm
Quoting airmac
{quote} agree, that's one weird trendline hehe
a pitchfork may work. i was just curious when he said the 5 times thing. it didnt fit my way of tl thoughts. its not my expertise, i was just wondering at what point should i not trade it as a tl.. i use them rarely unless i am looking for as many reasons as possible for a top or bottom. never alone just as another tool. i dont have a problem with others using them, its just not my way of trading w/o other reasons.
those who can, do. those who cant, talk about those who can
  • #1,015,536
  • Aug 2, 2015 6:45pm Aug 2, 2015 6:45pm
Quoting gatorinla
{quote} its a little disingenuous with obligations leftover much more than stated plus future interest on top.. after all i buy a home for 200 k and at the end of 30 years pay 400k... do we say i bought 400k on a house? lets at least be honest about it.. we spent a few trillion on a oil wars (future debt with interest) to protect some kingdoms in the desert. its not like saddam wasn't going to sell us oil. hell he was the only thing standing in front iran.. so now we may still have to fight them..hell the saudis repaid our effort with oil at 162...
Excellent analysis. We, the U.S., have been an aggressor nation since the Korean war spawned by the foreign policy of the neo-conservatives who came into power in a strong way. The Democratic hawks if you will. Their purpose was to foist western democracy onto any country deemed necessary for the 'national interest' of the United States. Our forefathers were strict non-interventionists and America has pretty much been in that camp until WWII. For some reason, our government has never been too concerned about paying off war debt. That's why we don't feel it. It's been pushed onto our grandchildren.

Anyway, the USD is artificially strong now but the debt cannot be ignored. Yet most countries are in debt to their eyeballs as well so it makes the perception that economies are reasonably strong. The EU will head back up but not without going to parity, at least test the 1.04xx range. We are in a psychological area of the graph. Rolling the dice, I suspect parity.
Taigen Profit This Month: na
  • #1,015,537
  • Edited 7:14pm Aug 2, 2015 7:02pm | Edited 7:14pm
asia in now
Usd cad ! Cold water for sleeping bears
  • #1,015,538
  • Aug 2, 2015 7:37pm Aug 2, 2015 7:37pm
weekly closed bearish doji
monthly clsoed bearish encompassing by 1pip each end
pick your poison weekly and monthly say down, my guess will go up anyway dangerous to trade mid doji unless trading for another weekly doji where both bull and bear can make pip, get the first pulse direction correct then pick reverse can win both ways get it wrong and lose both ways :nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #1,015,539
  • Aug 2, 2015 7:59pm Aug 2, 2015 7:59pm
Quoting KiwiTrada
weekly closed bearish doji monthly clsoed bearish encompassing by 1pip each end pick your poison weekly and monthly say down, my guess will go up anyway dangerous to trade mid doji unless trading for another weekly doji where both bull and bear can make pip, get the first pulse direction correct then pick reverse can win both ways get it wrong and lose both ways :nerd:
this hrly close will give me my weekly daily zones, am in @70 sl 59 1min to close will decide if I get some green pip or red trdading 1/5
If you are new to Forex? Say Goodbye to your account!!
  • #1,015,540
  • Aug 2, 2015 8:30pm Aug 2, 2015 8:30pm
Quoting MissPips
{quote} Here is a better one with data from 31 brokers from the Triennial Central Bank Survey 2010, published by the Bank for International Settlements (BIS), again showing the most volume between 9 and 10 with the peak at 10 (from here http://forums.babypips.com/newbie-is...-market-4.html). Pip movement, or volatility, is not indicative of when the most players are in the market. (You can have a lot of volatility and unpredictable moves during off hours). What you want is predictability, which you get when there are...
It is from Frankfurt ( 2am est to NY 12 noon ) there is good volume.

After 3 pm EST, the PA tend to range / retrace. Easy pips can be made too.
Intraday only.
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