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  • #1,022,301
  • Aug 25, 2015 10:25am Aug 25, 2015 10:25am
Quoting xau
I see similarity too, back in 2008 {image}
Very nice comparison, people say history repeat itself sometime.

Thanks

Andrew
  • #1,022,302
  • Aug 25, 2015 10:26am Aug 25, 2015 10:26am
Quoting xau
I see similarity too, back in 2008 {image}
I can show lot of similarities like this...but some are like this type others are opposite..
  • #1,022,303
  • Aug 25, 2015 10:35am Aug 25, 2015 10:35am
Quoting MissPips
{quote} I dunno. That trendline has been there forever on my weekly chart. But MT4 is a little weird about how it draws trendlines, especially if it's not a naked chart and especially if you go from higher to lower timeframes. If I change the view to 30 minutes it does go above it just a little. But the main point is that it was seriously rejected so far (since it's a weekly trendline not a 30 m trendline.) I don't really care because I almost never trade to the pip but based on waiting to see how the 5m PA reacts in the area.
I have 1.17131 high and weekly trend line passes 1.15857. Appx 127 pips above.
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  • #1,022,304
  • Aug 25, 2015 10:39am Aug 25, 2015 10:39am
Quoting aahmad29
{quote} Bullish target hit. 5 trades are closed at Net Profit. My new targets are below: Bullish Target = 1.1650 Bearish Target = 1.1450 It does not matter where price go, I will track it like 007 {image}
Bearish target hit. 1 trade is closed at Net Profit.

Now Profit session ends and breakeven session starts. I will try to close my trades at Breakeven or profit.
My new targets are below:

Bullish Target = 1.1550
Bearish Target = 1.1350 (I would like price to hit this target to avoid losses)

It does not matter where price go, I will track it like 007
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Love for all; Hatred for none.
  • #1,022,305
  • Edited 10:55am Aug 25, 2015 10:43am | Edited 10:55am
Quoting MissPips
{quote} I dunno. That trendline has been there forever on my weekly chart. But MT4 is a little weird about how it draws trendlines, especially if it's not a naked chart and especially if you go from higher to lower timeframes. If I change the view to 30 minutes it does go above it just a little. But the main point is that it was seriously rejected so far (since it's a weekly trendline not a 30 m trendline.) I don't really care because I almost never trade to the pip but based on waiting to see how the 5m PA reacts in the area.
If you don't want to your trend line distort, you need to draw them on lowest possible time frame which contains start and end points bars. Than you can go higher time frames without your trend line distort. Let say you have them in M30 than you can go higher. If you go lower than M30 than those lower Tf's will distort.

Edit: I forgot to say that trend line value at the last bar will change with time frames because number of bars changes.
  • #1,022,306
  • Aug 25, 2015 10:46am Aug 25, 2015 10:46am
this level seems to be holding up so far
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  • #1,022,307
  • Aug 25, 2015 10:46am Aug 25, 2015 10:46am
round numbers, trendlines, support and resistance, supply and demand etc. are the biggest ever lies told in forex.
highs and lows, guys, highs and lows - all you must trust.
As Above, So Below
  • #1,022,308
  • Aug 25, 2015 10:49am Aug 25, 2015 10:49am
Quoting tashkent
round numbers, trendlines, support and resistance, supply and demand etc. are the biggest ever lies told in forex. highs and lows, guys, highs and lows - all you must trust.
high or a low is just a reflection of supply and demand....

once again proving just what you really know
  • #1,022,309
  • Aug 25, 2015 10:52am Aug 25, 2015 10:52am
  • #1,022,310
  • Aug 25, 2015 10:52am Aug 25, 2015 10:52am
Quoting MaxDoom
{quote} high or a low is just a reflection of supply and demand.... once again proving just what you really know
there is no such thing as supply and demand. something that does not exist can not be reflection of anything.
As Above, So Below
  • #1,022,311
  • Aug 25, 2015 10:54am Aug 25, 2015 10:54am
Quoting Rockerzeus
{quote} If you don't want to your trend line distort, you need to draw them on lowest possible time frame which contains start and end points bars. Than you can go higher time frames without your trend line distort. Let say you have them in M30 than you can go higher. If you go lower than M30 than those lower Tf's will distort.
Thanks. When I go to the 5 min chart mine looks like this. Which, since it gets rejected right there makes me think its okay
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  • #1,022,312
  • Aug 25, 2015 11:05am Aug 25, 2015 11:05am
Quoting tashkent
{quote} there is no such thing as supply and demand. something that does not exist can not be reflection of anything.
if there is no such thing as supply and demand then how do you think people buy and sell anything including bread, milk, houses, equities, currencies....

a high point reflects when buyers disappeared so sellers had to drop the price in order to get a deal done..

a low point reflects.... oh why do I bother
  • #1,022,313
  • Aug 25, 2015 11:05am Aug 25, 2015 11:05am
Quoting marskaydir
Lol, why is everyone fighting on ff today? Calm down people its just trading.
Rocky and I aren't fighting. We're buddies. We're just trying to discuss/help each other.
  • #1,022,314
  • Aug 25, 2015 11:11am Aug 25, 2015 11:11am
Something that does not exist can not be reflection of anything.[/quote]

I like this quote. Sounds beautiful and wise.
  • #1,022,315
  • Aug 25, 2015 11:15am Aug 25, 2015 11:15am
Quoting MaxDoom
{quote} if there is no such thing as supply and demand then how do you think people buy and sell anything including bread, milk, houses, equities, currencies.... a high point reflects when buyers disappeared so sellers had to drop the price in order to get a deal done.. a low point reflects.... oh why do I bother
Hehehe. Max, you're a hoot
  • #1,022,316
  • Aug 25, 2015 11:17am Aug 25, 2015 11:17am
Quoting MissPips
{quote} Rocky and I aren't fighting. We're buddies. We're just trying to discuss/help each other.
  • #1,022,317
  • Aug 25, 2015 11:20am Aug 25, 2015 11:20am
Quoting classy
@ffleo
Let them rest until next Día de Muertos

R.I.P.
  • #1,022,318
  • Aug 25, 2015 11:21am Aug 25, 2015 11:21am
How genuine is this news?

Inserted Video
  • #1,022,319
  • Aug 25, 2015 11:22am Aug 25, 2015 11:22am
Quoting tashkent
round numbers, trendlines, support and resistance, supply and demand etc. are the biggest ever lies told in forex. highs and lows, guys, highs and lows - all you must trust.
how is supply and demand a lie?
  • #1,022,320
  • Aug 25, 2015 11:28am Aug 25, 2015 11:28am
Quoting MaxDoom
{quote} if there is no such thing as supply and demand then how do you think people buy and sell anything including bread, milk, houses, equities, currencies.... a high point reflects when buyers disappeared so sellers had to drop the price in order to get a deal done.. a low point reflects.... oh why do I bother
there is definitely a LOT into this than we think, my friend. it is not as simple as just supply and demand. supply and demand is noting but an individual/group's opinion about the price behavior.
price mostly moves up and down because of the huge order clusters. sometimes this is illustrated as a domino fall. price usually moves towards huge orders to fill them and when they cluster you get giga runs like happened with jpy pairs and the interesting part is nobody knows where all these orders are placed and there you get sporadic up and downs which indeed has nothing to do with our trendlines and support/resistance lines. we live in our delusional dream world drawing lines and thinking price can't go above or below that line, thinking price reached low or high whereas no such thing as high or low either. this is ridiculous how much we are brainwashed.
As Above, So Below
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