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  • #1,060,801
  • Mar 9, 2016 2:05am Mar 9, 2016 2:05am
Quoting MaxDoom
{quote} can you post a chart with that?
daily, I trimmed the price section to make it fit. triangle can break out either way, so this is a casino trading right now in EU.
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Click to Enlarge Name: Screenshot1.png Size: 68 KB
  • #1,060,802
  • Mar 9, 2016 2:09am Mar 9, 2016 2:09am
Quoting KiwiTrada
bit of bear action on swissy brewing again
picking up steam :-)

tail whip, uj is testing hrly lows for 3rd time?
If you are new to Forex? Say Goodbye to your account!!
  • #1,060,803
  • Mar 9, 2016 2:11am Mar 9, 2016 2:11am
Quoting MaxDoom
{quote} can you post a chart with that?
just ran a quick excel calculation, comparing recent daily range to average 10 day range in the past. clear range contraction. breakout shortly for sure. direction unknown.
  • #1,060,804
  • Mar 9, 2016 2:15am Mar 9, 2016 2:15am
Quoting asgcorp
{quote} daily, I trimmed the price section to make it fit. triangle can break out either way, so this is a casino trading right now in EU. {image}
personally I don't think that qualifies as a triangle on daily, you are going back over a year and through several cycles - just my opinion
edit: I do see your point though but the scale of it leaves plenty to be traded in middle

thanks for posting the chart I now understand why I could not see it

gl
  • #1,060,805
  • Mar 9, 2016 2:16am Mar 9, 2016 2:16am
Quoting asgcorp
{quote} daily, I trimmed the price section to make it fit. triangle can break out either way, so this is a casino trading right now in EU. {image}
As far as I know patterns and how they work, if price comes in Triangle downside, then most likely will break it downside, and vice versa! This is what I saw 99% in cases when traders draw triangle pattern!
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  • #1,060,806
  • Mar 9, 2016 2:17am Mar 9, 2016 2:17am
S/O the both of em
don't get in love with pairs ... up or down is the same pip value
  • #1,060,807
  • Mar 9, 2016 2:18am Mar 9, 2016 2:18am
DAX long 9700
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 2016 Mar 09a.PNG Size: 40 KB
  • #1,060,808
  • Edited 2:55am Mar 9, 2016 2:37am | Edited 2:55am
Quoting MaxDoom
DAX long 9700 {image}
DAX taken 50% profit +70
edit: closed remainder +35
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 2016 Mar 09b.PNG Size: 20 KB
  • #1,060,809
  • Mar 9, 2016 2:39am Mar 9, 2016 2:39am
Quoting MaxDoom
{quote} DAX taken 50% profit +70 {image}
nice trading clean entry.
  • #1,060,810
  • Mar 9, 2016 2:40am Mar 9, 2016 2:40am
Quoting asgcorp
{quote} just ran a quick excel calculation, comparing recent daily range to average 10 day range in the past. clear range contraction. breakout shortly for sure. direction unknown.
how will you trade it, based on that triangle basis you will have to wait for a break of about 1.14 or 1.08 and then be longing the high or shorting the low?

which is what I was saying about the scale of it, makes it hard to trade I think
  • #1,060,811
  • Mar 9, 2016 2:41am Mar 9, 2016 2:41am
Quoting MaxDoom
{quote} how will you trade it, based on that triangle basis you will have to wait for a break of about 1.14 or 1.08 and then be longing the high or shorting the low?
not trading it bro. range contraction. why the **** would you trade it.
  • #1,060,812
  • Mar 9, 2016 2:44am Mar 9, 2016 2:44am
Quoting asgcorp
{quote} not trading it bro. range contraction. why the **** would you trade it.
no I meant the triangle break out chap
  • #1,060,813
  • Mar 9, 2016 3:03am Mar 9, 2016 3:03am
Quoting asgcorp
{quote} not trading it bro. range contraction. why the **** would you trade it.


O man... short 1,0800 and long 1,14 ...that will be madness ... and if it works .. how much you can take ? 100p -150p in best scenario ... an risk 250-300 pip any moment )
  • #1,060,814
  • Mar 9, 2016 3:05am Mar 9, 2016 3:05am
Quoting Anubisval
{quote} O man... short 1,0800 and long 1,14 ...that will be madness ... and if it works .. how much you can take ? 100p -150p in best scenario ... an risk 250-300 pip any moment )
+++
  • #1,060,815
  • Mar 9, 2016 3:10am Mar 9, 2016 3:10am
Bearish below 1.1045, bullish above.
  • #1,060,816
  • Mar 9, 2016 3:17am Mar 9, 2016 3:17am
Quoting Anubisval
{quote} O man... short 1,0800 and long 1,14 ...that will be madness ... and if it works .. how much you can take ? 100p -150p in best scenario ... an risk 250-300 pip any moment )
he has not said he will take it though, he may have another plan
  • #1,060,817
  • Mar 9, 2016 3:26am Mar 9, 2016 3:26am
Quoting MaxDoom
{quote} he has not said he will take it though, he may have another plan

MAX ... do you take this in youre callculation ?

http://www.marketwatch.com/story/gol...cb-2016-03-08?
  • #1,060,818
  • Mar 9, 2016 3:29am Mar 9, 2016 3:29am
Quoting Anubisval
{quote} MAX ... do you take this in youre callculation ? http://www.marketwatch.com/story/gol...cb-2016-03-08?
No. I have been biased short for a very long time
  • #1,060,819
  • Mar 9, 2016 3:32am Mar 9, 2016 3:32am
Quoting MaxDoom
{quote} No. I have been biased short for a very long time

yeah , i know. i read it
  • #1,060,820
  • Mar 9, 2016 3:32am Mar 9, 2016 3:32am
Quoting MaxDoom
{quote} I sent you a pm with the info regards
Hi, I'd really appreciate the pivot indicators too if possible - thanks!
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