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  • #1,099,141
  • Mar 25, 2017 9:10am Mar 25, 2017 9:10am
Donobonacci96
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  • #1,099,142
  • Mar 25, 2017 9:11am Mar 25, 2017 9:11am
Quoting wukatrades
Naked chart + price action = Where the money is In my opinion indicators are all lies, especially in the shorter time frames.
there are pros and cons in pa also, imho.
  • #1,099,143
  • Edited 9:45am Mar 25, 2017 9:17am | Edited 9:45am
Quoting wukatrades
Naked chart + price action = Where the money is In my opinion indicators are all lies, especially in the shorter time frames.
Those who knows to trade and understand trading Moving averages are more than enough like to million dollar baby...to many others nothing can help.
  • #1,099,144
  • Mar 25, 2017 9:22am Mar 25, 2017 9:22am
Quoting pkimnyc
{quote} imo, you don't really need that much. just need to pick couple. keep it simple.
again, it works for me, my entries are where they are because of what i use to find them... they all add up... of course PA is helpful and probably in everyone's arsenal... but picking a top/bottom (which is mainly my game) i cant rely on PA alone...

but yes it is an opinion... saying other things don't work because people cant get their head around them is closed minded...

and trust me i use all of them, pretty much every trade...
  • #1,099,145
  • Mar 25, 2017 9:27am Mar 25, 2017 9:27am
Quoting wukatrades
Naked chart + price action = Where the money is In my opinion indicators are all lies, especially in the shorter time frames.
easily usable

i still dont understand how there are so many people on here saying indicators/fibs are useless/lies or whatever when i have consistently produced levels (sometimes to the very pip)... i am telling you what i use... i haven't just done a magic trick and pulled the number out of my magic trading hat...

i know a lot of people who use PA on naked chart to trade... but a lot of unstable PA occurs all the time and for me, price can change at points very quickly just based on m5 chart.... wiping a 100 pip move out in a few hours whilst someone who is watching h4 is thinking wtf is going on

i think it is a myth that to be successful you need to stay out of small time-frames (or small time-frames are recipe for disaster) and infact in order to maximise potential, one should be able to trade in small time-frames... successfully, it works for me.
  • #1,099,146
  • Mar 25, 2017 9:37am Mar 25, 2017 9:37am
Seeing the fail of trumps attempt to repeal obamacare along with rake hike, 107 could be the weeks target?
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  • #1,099,147
  • Mar 25, 2017 9:45am Mar 25, 2017 9:45am
Quoting Liquidsnake
Seeing the fail of trumps attempt to repeal obamacare along with rake hike, 107 could be the weeks target? {image}

...plus, there is HS pattern on almost every usd pair on the daily chart.
  • #1,099,148
  • Mar 25, 2017 9:49am Mar 25, 2017 9:49am
Quoting Don96
{quote} easily usable i still dont understand how there are so many people on here saying indicators/fibs are useless/lies or whatever when i have consistently produced levels (sometimes to the very pip)... i am telling you what i use... i haven't just done a magic trick and pulled the number out of my magic trading hat... i know a lot of people who use PA on naked chart to trade... but a lot of unstable PA occurs all the time and for me, price can change at points very quickly just based on m5 chart.... wiping a 100 pip move out in a few hours...
I don't say it's useless for others. It's useless for me hence I delete them. Find others that are more useful. Why would anybody want to keep useless things? Maybe souvenirs.

There are thousands of indicators. All are useful for groups of people.
  • #1,099,149
  • Mar 25, 2017 9:56am Mar 25, 2017 9:56am
Quoting frx_trader
{quote} I don't say it's useless for others. It's useless for me hence I delete them. Find others that are more useful. Why would anybody want to keep useless things? Maybe souvenirs. There are thousands of indicators. All are useful for groups of people.
yes i thought it might have meant that, however my point is that you think they are useless because you don't know how to use them... or didn't when you tried...

of course now if you have found something that is successful for you, then why would you change it
  • #1,099,150
  • Mar 25, 2017 10:06am Mar 25, 2017 10:06am
Quoting ruma29
Donobonacci96 {image}
wish i could like that about 10 times
  • #1,099,151
  • Mar 25, 2017 10:09am Mar 25, 2017 10:09am
Quoting Don96
{quote} easily usable i still dont understand how there are so many people on here saying indicators/fibs are useless/lies or whatever when i have consistently produced levels (sometimes to the very pip)... i am telling you what i use... i haven't just done a magic trick and pulled the number out of my magic trading hat... i know a lot of people who use PA on naked chart to trade... but a lot of unstable PA occurs all the time and for me, price can change at points very quickly just based on m5 chart.... wiping a 100 pip move out in a few hours...
Hey Don, I know you have some longer term trades ,,,,, I use camarilla pivots especially the quarterly ones ,,,,,,,, for longer term holds ,,,,,,,,,,, the jest of them are quite simple above the open bullish to the H3 level ,,,,, probably get sold off there at least once once ,,,,,,,,,, the open will be the support area ,,,,,,,, tried to mark them out on the Eur usd pair we are back to the H3 level ,,,,,,,,,, I remember you posted a eur aud trade when it was at the quarterly low ,,,,,,,,, I was watching that too ,,,,,,,, now the cam pivots that ended up being a breakout to the down side I kept shorting as I had all quarter ,,,,,,,,,, the cams if the 4 level breaks the 5 level is the tgt and the eur aud went a little beyond that ,,,,,,,,, I traded it back up to L4 after the shorts and am flat there atm ,,,,,,,,,, The audusd seems to being giving a few traders fits ,,,,,, it didnt quite make it to the 5 level on the top side but it did bounce from the h4 level same as euraud is hesitating at L4 level ,,,,,,,,,,, sorry kinda quick but short on time cheers .
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  • #1,099,152
  • Mar 25, 2017 10:09am Mar 25, 2017 10:09am
Quoting Liquidsnake
Seeing the fail of trumps attempt to repeal obamacare along with rake hike, 107 could be the weeks target? {image}
it will down again for price correction
Risk comes from not knowing what you're doing.
  • #1,099,153
  • Mar 25, 2017 10:22am Mar 25, 2017 10:22am
Quoting digger1
{quote}Hey Don, I know you have some longer term trades ,,,,, I use camarilla pivots especially the quarterly ones ,,,,,,,, for longer term holds ,,,,,,,,,,, the jest of them are quite simple above the open bullish to the H3 level ,,,,, probably get sold off there at least once once ,,,,,,,,,, the open will be the support area ,,,,,,,, tried to mark them out on the Eur usd pair we are back to the H3 level ,,,,,,,,,, I remember you posted a eur aud trade when it was at the quarterly low ,,,,,,,,, I was watching that too ,,,,,,,, now the cam pivots...
i hear you, nice trading on the EA, its a rare cross for me, i tried the short but was stopped, it over cooked... i find it usually does but best to trade when a new high/low is made (as long as EU/AU coincide)

if you can get 1.37xx then good going ,
  • #1,099,154
  • Mar 25, 2017 10:30am Mar 25, 2017 10:30am
Daily chart. The purple areas are possible future. Downside low 1.0620 (sounds familiar). Upside high 1.0960 -1.1050 (New highs).
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  • #1,099,155
  • Edited 11:04am Mar 25, 2017 10:30am | Edited 11:04am
here is what im looking at on EU for Monday... its basic, but it works for intra-day... i have other pairs aswell, usually the majors only as crosses can overshoot...

ALL SL on these trades are 10 pips... i take half off at the said lines and move SL to b.e where left is let to run to pink line. last week i had 12 winners 6 losers, the 100 pip run on Tuesday cost me 3 losers
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  • #1,099,156
  • Mar 25, 2017 10:57am Mar 25, 2017 10:57am
Hello, I hope you all have a good weekend.

Outlook for next week:
(all charts are March 25th 2017, closed Markets)

Setup (Intraday):
Strong Resistance 1.081-1.08244 held, the Market closed below.
Divergence on H4 shows current Uptrend loses strength.
Market is ranging in a very tight "Dead Range" with strong Support and Resistance and remains "undecided".
Triple Top formation at Resistance.
Blocked by EMA 200 (Daily) but pushing up from EMA 89 (Daily)
Overlaying Downtrend (Weekly) is not broken, upper Trendline is not reached, we are in the middle of this overlaying downtrend. (see weekly)

My opinion:
This setup is very choppy and overall dangerous to trade.
A LONG breakout is possible but unlikely.
My bias is short. This is backed by the Divergence on the H4, the very strong Resistance with Triple Top Formation, AND a massive Divergence on the DAX
(current correlation between DAX and EUR/USD is positive)

My advice (Intraday):
Stay away until the market leaves the "Dead Zone" (see D1 chart)
if you must trade this choppy tight range market (for whatever reason) look for Scalp Trades in Short direction (H1/M30/M15) (good luck to you and your ego)
There was very little volume in this market throughout last week, except some spikes caused my Fundamentals, but no consistant moneyflow in any direction between EUR and USD.
I flagged the market "Red" to the people I consult (this means: "stay away until flagged Yellow, I will send you an email").
Because of this: no price targets for now
If you are trying to catch a breakout, watch Fundamentals. (not my element)

My trading (Intraday):
French elections ahead, Fundamentals remain as choppy and unpredictable as the technical setup.
I don't trade this until the market decides the direction and leaved the Dead Range. (it's a slaughterhouse)

Conclusion: Japan is beautiful, Europe and US are not.
(if you could ever find out what that means eh....)

Charts: Weekly, Daily (S/R/T), H4 (Divergence)

Trade smart and stay green
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you are not expected to understand this
  • #1,099,157
  • Mar 25, 2017 12:31pm Mar 25, 2017 12:31pm
So here's something to consider. I've checked the facts on Wikipedia etc and it certainly lines up. His math is a bit off, as historically a new recession happens 3-10 years after the previous recession *ended*, whereas he calculates it based on the beginning of the previous recession. The previous recession ended in 2009. So the USA is due for a new recession by 2019. But it is still valid, and given the change of president, it would indeed be wise for Trump to bring the recession on sooner rather than later if he wants to see a re-election.

Might be worth considering for long term traders.

https://en.wikipedia.org/wiki/List_o..._United_States

Inserted Video
  • #1,099,158
  • Mar 25, 2017 12:36pm Mar 25, 2017 12:36pm
I am not sure why my posts are still not showing up.

I think my current trade is still "live" and good in respects to price action. We are at a major price pivot zone and we closed below the 1.08 mark on Friday. I gave my trade plenty of room to breath (though I am -5 pips or so currently), but I think the 1.07 zone is well within reach this coming week.
Girl-In-Pigtails
  • #1,099,159
  • Mar 25, 2017 1:44pm Mar 25, 2017 1:44pm
Quoting Don96
{quote} trading what pair? EU?
yes i only trade eu
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #1,099,160
  • Mar 25, 2017 1:49pm Mar 25, 2017 1:49pm
Quoting tstivers
So here's something to consider. I've checked the facts on Wikipedia etc and it certainly lines up. His math is a bit off, as historically a new recession happens 3-10 years after the previous recession *ended*, whereas he calculates it based on the beginning of the previous recession. The previous recession ended in 2009. So the USA is due for a new recession by 2019. But it is still valid, and given the change of president, it would indeed be wise for Trump to bring the recession on sooner rather than later if he wants to see a re-election. Might...
nice. another chance to buy cheap, if he is right.
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