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  • #1,087,361
  • Jan 19, 2017 2:39am Jan 19, 2017 2:39am
damn, just closed out a buy at 1.0628 because i forgot to click the hedge button on a sell!
  • #1,087,362
  • Edited 2:52am Jan 19, 2017 2:41am | Edited 2:52am
Hi all.
They say it's stupid to draw a trend line starting from just a single point. Right.

But I would like to bring into attention a technique witch might help you to figure it out a sense for the trends.
It's about how one can determine the second point using just one point (the first tanget point) and a paralell to a confirmed (1,2,3,4,5 points) trend line.

See today's example, worked (H1) ...ok, maybe we'll have an up-break there but that point(2) rejected some, proving the theory
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  • #1,087,363
  • Jan 19, 2017 2:50am Jan 19, 2017 2:50am
The ECB will make a decision about the future of monetary policy today.
That's why I won’t open any transactions on EUR/USD, but I'll wait for the decision of the Central Bank.
We will see how the price reacts to the key levels. I highlighted the following ones for now:
support - 1.0580, 1.0525
resistance 1.0675, 1.0715
  • #1,087,364
  • Jan 19, 2017 2:53am Jan 19, 2017 2:53am
Ioanni, sure 6.55 is a resistence point that might repel E. down.
However if E. is headed towards 7.3 and+++ it will penetrate it like butter...
We must be vigilant on this level ...

  • #1,087,365
  • Jan 19, 2017 2:55am Jan 19, 2017 2:55am
Quoting TudorIoan
Hi all. They say it's stupid to draw a trend line starting from just a single point. Right. But I would like to bring into attention a technique witch might help you to figure it out a sense for the trends. It's about how one can determine the second point using just one point (the first tanget point) and a paralell to a confirmed (1,2,3,4,5 points) trend line. See today's example, worked (H1) ...ok, maybe we'll have an up-break there but that point(2) rejected some, proving the theory {image}
I had a charting software called Rumus , like 100 years ago , which used to provide such tool !
  • #1,087,366
  • Jan 19, 2017 2:56am Jan 19, 2017 2:56am
and we are back to the north.
100% KENYAN.
  • #1,087,367
  • Jan 19, 2017 2:58am Jan 19, 2017 2:58am
Quoting F.g
Ioanni, sure 6.55 is a resistence point that might repel E. down. However if E. is headed towards 7.3 and+++ it will penetrate it like butter... We must be vigilant on this level ...
Of course we have to be vigilant about ...any level in fact
Because S/R levels are just confirmed marks on the charts ...but the sectret it's knowing when they will reject and when they will cause a violent break
Trade safe, my friend!

Quoting yanitsa
{quote} I had a charting software called Rumus , like 100 years ago , which used to provide such tool !
Great. Haven't heard about it ...thought it was my invention
Member
  • #1,087,368
  • Jan 19, 2017 3:04am Jan 19, 2017 3:04am
Quoting Don96
damn, just closed out a buy at 1.0628 because i forgot to click the hedge button on a sell!
WOW is that annoying - why would anyone close a trade out by entering a new order?!

perhaps 1.06668/1.0662 will keep it down,
  • #1,087,369
  • Jan 19, 2017 3:05am Jan 19, 2017 3:05am
Great. Haven't heard about it ...thought it was my invention[/quote]

Rumus Stalker .
There is a new version available , but it's rubish .
The old one was fantastic !
  • #1,087,370
  • Jan 19, 2017 3:07am Jan 19, 2017 3:07am
Quoting yanitsa
Great. Haven't heard about it ...thought it was my inventionRumus Stalker . There is a new version available , but it's rubish . The old one was fantastic !
I know it's fantastic ...made myself some money on that, being the first determining the trend
Member
  • #1,087,371
  • Jan 19, 2017 3:10am Jan 19, 2017 3:10am
Quoting TudorIoan
{quote} Rumus Stalker . There is a new version available , but it's rubish . The old one was fantastic !
I know it's fantastic ...made myself some money on that, being the first determining the trend [/quote]

LOL
I believe You , but doubt it You have been the first figuring out the trend .
Some biger Shark has been a fraction of a second earlier .

  • #1,087,372
  • Jan 19, 2017 3:11am Jan 19, 2017 3:11am
Quoting TudorIoan
My Intraday Outlook. Range until ECB. Supports and resistances easy to spot on my chart. No deal for me until ECB's conference, too much range or meaningless anticipation ...maybe nor after, too much noise. Just range scalping recommended for addicts before the ECB. Happy ECB day everybody! {image}
I fully agree with your assessment and will wait after ECB's press conference.
  • #1,087,373
  • Edited 3:31am Jan 19, 2017 3:17am | Edited 3:31am
Quoting yanitsa
{quote} I know it's fantastic ...made myself some money on that, being the first determining the trend LOL I believe You , but doubt it You have been the first figuring out the trend . Some biger Shark has been a fraction of a second earlier .
Wasn't refering this time ...in fact I said that we will probably have an up-break there, witch was, but there was a contraction for a while there.

I use that point for entries... the opposite TL as a target and RR 1:1 for the SL ...worked many times
Quoting Jonstaples
{quote} I fully agree with your assessment and will wait after ECB's press conference.
ECB expectations pretty flat. No rates alteration. But Draghi's words are important. Dovish? Hawkish?
Will he give meaning of some diminish of the printed money amount?????? we'll heard about that
Member
  • #1,087,374
  • Jan 19, 2017 3:17am Jan 19, 2017 3:17am
View on Gold ?
Anyone ?
  • #1,087,375
  • Jan 19, 2017 3:23am Jan 19, 2017 3:23am
Quoting TudorIoan
{quote} LOL I believe You , but doubt it You have been the first figuring out the trend . Some biger Shark has been a fraction of a second earlier .
Wasn't refering this time ...in fact I said that we will probably have an up-break there, witch was, but there was a contraction for a while there. I use that point for entries... the opposite TL as a target and RR 1:1 for the SL ...worked many times[/quote]

Yes , I got You .
Metatrader should have a similar tool .......
  • #1,087,376
  • Jan 19, 2017 3:28am Jan 19, 2017 3:28am
Quoting yanitsa
{quote} Wasn't refering this time ...in fact I said that we will probably have an up-break there, witch was, but there was a contraction for a while there. I use that point for entries... the opposite TL as a target and RR 1:1 for the SL ...worked many times. Yes , I got You . Metatrader should have a similar tool .......
Yeah, thnks. It's the paralell channel tool I use the most and the regression/standard deviation channels sometimes
Member
  • #1,087,377
  • Jan 19, 2017 3:35am Jan 19, 2017 3:35am
Quoting TudorIoan
{quote} Yeah, thnks. It's the paralell channel tool I use the most and the regression/standard deviation channels sometimes
I cannot play with this stuff , perhaps should try though .
Any view on Gold ?
Intraday of course
  • #1,087,378
  • Jan 19, 2017 3:41am Jan 19, 2017 3:41am
Quote
=yanitsa;9456058]{quote} I cannot play with this stuff , perhaps should try though . Any view on Gold ? Intraday of course
The question on Gold is consolidation above 1200$ or upwards continuation?
I think any answer before Yellen(the second speech)Trump(tomorrow), The ECB, it's totally hazardous !
Member
  • #1,087,379
  • Jan 19, 2017 3:57am Jan 19, 2017 3:57am
Buy Gold till 1259.15 TP, EURUSD remain bulllish, surely Bid rate EUR will bullish price for EUR, but no idea about upcoming yellen speak totally nightmare, but trump speech will confirm bullish for GOLD,EURUSD,AUDUSD ,USDJPY and NZDUSD
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  • #1,087,380
  • Jan 19, 2017 4:01am Jan 19, 2017 4:01am
Took a long @1.0640 for 11 pips profit. I think will look for another long.
who dares wins
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