{quote} How to trade like a 5 year old{image}
Cesarnc's market talk, gossips, rumours & fun
- #48,981
- Feb 26, 2016 11:46am Feb 26, 2016 11:46am
- Joined Nov 2014 | Status: Trader | 1,736 Posts
- #48,982
- Feb 26, 2016 11:58am Feb 26, 2016 11:58am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} How to trade like a 5 year old{image}
.....If I trade the daily like a one minute chart I will say is going up or it will lag and keep going, but RSI is down there just like when the one minute chart turn, when RSI is down there under the 30 line, one minute always turn like that on my methodology and that is how I catch so many small trades, but I don't see the big picture and maybe is because I use the RSI for that, daily is oversold for me and it could lag and keep going, but that is how I see the one minute and look for the turns.....
The Chonchy
- #48,983
- Feb 26, 2016 12:07pm Feb 26, 2016 12:07pm
- Joined Nov 2014 | Status: Trader | 1,736 Posts
{quote} ...I'm not trying to say, is not going to go lower Sir. I just will like to breath and take a pull back, if possible... .....If I trade the daily like a one minute chart I will say is going up or it will lag and keep going, but RSI is down there just like when the one minute chart turn, when RSI is down there under the 30 line, one minute always turn like that on my methodology and that is how I catch so many small trades, but I don't see the big picture and maybe is because I use the RSI for that, daily is oversold for me and it could lag...
- #48,984
- Feb 26, 2016 12:12pm Feb 26, 2016 12:12pm
- Joined Nov 2014 | Status: Trader | 1,736 Posts
hello peeps 
- #48,985
- Feb 26, 2016 12:16pm Feb 26, 2016 12:16pm
- Joined Nov 2014 | Status: Trader | 1,736 Posts
I best be gone buddy , have a good one.. 
- #48,986
- Feb 26, 2016 12:47pm Feb 26, 2016 12:47pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
I best be gone buddy , have a good one..{image}
The Chonchy
- #48,988
- Feb 26, 2016 7:03pm Feb 26, 2016 7:03pm
{quote} ...You the same Squiggles, and thanks again for everything my friend, you have being a great help in understanding the big picture....down trend it is....
1 simple mistake makes you become 1000x better.
- #48,990
- Feb 27, 2016 1:59am Feb 27, 2016 1:59am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} Still holding the trade my friend ?
The Chonchy
- #48,991
- Edited 2:24am Feb 27, 2016 2:06am | Edited 2:24am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{image}
The Chonchy
- #48,993
- Feb 27, 2016 2:31am Feb 27, 2016 2:31am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} ...I'm not trying to say, is not going to go lower Sir. I just will like to breath and take a pull back, if possible... .....If I trade the daily like a one minute chart I will say is going up or it will lag and keep going, but RSI is down there just like when the one minute chart turn, when RSI is down there under the 30 line, one minute always turn like that on my methodology and that is how I catch so many small trades, but I don't see the big picture and maybe is because I use the RSI for that, daily is oversold for me and it could lag...
...There is an obvious channel to the south, but I still think is a bounce here, next week, we will see....
The Chonchy
- #48,994
- Feb 27, 2016 2:35am Feb 27, 2016 2:35am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...4H is oversold here drowning down there, it should breath a bit.....me think...
...One hour is oversold but the yellow ema 5 is holding it down and maybe drop some more to come with power to take it....
....30 minutes is also oversold and MACD is down there, and price already pass yellow ema and is on route to green 30, if One hour cross the yellow ema 5, "If"
...15 Minutes is oversold pass the yellow ema 5, on route to green ema 30.....me think....
...Now 5 minute chart is the reason why I stay short over the week end, besides the Squiggles analysis, with the G20 meeting going, and all, because the 5M closed on a doji, indecision, and is not oversold and MACD is over the 0 line ready to come down again, so all the other RSI's and MACD's can stay oversold for a long time, as lagging indis, but this one and the one minute charts, are ready to keep going down, or undecided at the least, so we will have to wait and see then.....
...One hour is oversold but the yellow ema 5 is holding it down and maybe drop some more to come with power to take it....
....30 minutes is also oversold and MACD is down there, and price already pass yellow ema and is on route to green 30, if One hour cross the yellow ema 5, "If"
...15 Minutes is oversold pass the yellow ema 5, on route to green ema 30.....me think....
...Now 5 minute chart is the reason why I stay short over the week end, besides the Squiggles analysis, with the G20 meeting going, and all, because the 5M closed on a doji, indecision, and is not oversold and MACD is over the 0 line ready to come down again, so all the other RSI's and MACD's can stay oversold for a long time, as lagging indis, but this one and the one minute charts, are ready to keep going down, or undecided at the least, so we will have to wait and see then.....
The Chonchy
- #48,995
- Feb 27, 2016 2:48am Feb 27, 2016 2:48am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
....And one minute closed on a battle of indecisions, spikes up and down, but dropping MACD from the 0 line, and RSI is also pointing down and with room to go down some more....
The Chonchy
- #48,996
- Feb 27, 2016 2:54am Feb 27, 2016 2:54am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
...We have a point on the monthly chart, 1.3654, wish is 200 pips from the last low wish is 1.3853, close enough to 200 pips, that is the next mayor hurdle, I believe......sorry magenta line is not where is suppose to be, but is 3654, the last low on april of 2009......so a bounce? yes or no.......place your bets.....
The Chonchy
- #48,997
- Feb 27, 2016 2:58am Feb 27, 2016 2:58am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.......Good morning Sir. Oswell, hope you are having a great weekend.....
The Chonchy
- #48,998
- Feb 27, 2016 3:11am Feb 27, 2016 3:11am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #48,999
- Feb 27, 2016 4:00am Feb 27, 2016 4:00am
.......Good morning Sir. Oswell, hope you are having a great weekend.....
gonna hit the market again on monday, She's been acting like a bitch yesterday 
1 simple mistake makes you become 1000x better.
- #49,000
- Feb 27, 2016 4:02am Feb 27, 2016 4:02am
...We have a point on the monthly chart, 1.3654, wish is 200 pips from the last low wish is 1.3853, close enough to 200 pips, that is the next mayor hurdle, I believe......sorry magenta line is not where is suppose to be, but is 3654, the last low on april of 2009......so a bounce? yes or no.......place your bets.....
1 simple mistake makes you become 1000x better.