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  • #1,099,161
  • Mar 25, 2017 11:49am Mar 25, 2017 11:49am
Quoting diana91
{quote} *hugs* Losses are the part of this game we chose to play, it is how we accept them, and if we learn anything from them that matters the most. Chin up, it will be better.
yes its always a learning process i m always take it as scope to improve myself. as when we earn somebody loses so when we lose this time he ply better then us so appreciate ur opponent no need to feel sad.
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #1,099,162
  • Mar 25, 2017 11:50am Mar 25, 2017 11:50am
Quoting Teek
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...
I think this is a very good analysis of the current state. I think we are at the top of a ranging market at the moment. If it goes north, I think it will move quite a bit, but the odds are less in my opinion. I think there are better odds of a southern move staying in the range.

Either way, one should not open a position either way until late they see conformation on direction based on their individual analysis.
Que
  • #1,099,163
  • Mar 25, 2017 11:58am Mar 25, 2017 11:58am
Quoting fasttrade1
{quote} yes i only trade eu
were you buying or selling last week?
  • #1,099,164
  • Mar 25, 2017 11:58am Mar 25, 2017 11:58am
Any thought on this?

Inverse head & shoulders providing evidence for a bullish run which may result in the completion of what seems to be a potential bearish bat pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR:USD BEARISH BAT.png Size: 224 KB
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,099,165
  • Mar 25, 2017 12:00pm Mar 25, 2017 12:00pm
Quoting Tekkonkira
Any thought on this? {image}
if thats what you think will happen how will you trade it?
  • #1,099,166
  • Mar 25, 2017 12:04pm Mar 25, 2017 12:04pm
Quoting wukatrades
Naked chart + price action = Where the money is In my opinion indicators are all lies, especially in the shorter time frames.
Agreed...!!!
  • #1,099,167
  • Mar 25, 2017 12:08pm Mar 25, 2017 12:08pm
Quoting Don96
{quote} if thats what you think will happen how will you trade it?
simple. buy the dip.
  • #1,099,168
  • Mar 25, 2017 12:10pm Mar 25, 2017 12:10pm
Quoting Que
{quote} I think this is a very good analysis of the current state. I think we are at the top of a ranging market at the moment. If it goes north, I think it will move quite a bit, but the odds are less in my opinion. I think there are better odds of a southern move staying in the range. Either way, one should not open a position either way until late they see conformation on direction based on their individual analysis.
Thank you.

one thing to remember, especialy in setups like these: Smart money puts their orders where your Stops are.
Stay careful, we trade in "interesting" times
you are not expected to understand this
  • #1,099,169
  • Mar 25, 2017 12:17pm Mar 25, 2017 12:17pm
Quoting Teek
{quote} Thank you. one thing to remember, especialy in setups like these: Smart money puts their orders where your Stops are. Stay careful, we trade in "interesting" times
damn greedy bastards....
  • #1,099,170
  • Mar 25, 2017 12:17pm Mar 25, 2017 12:17pm
Quoting Tekkonkira
Any thought on this? Inverse head & shoulders providing evidence for a bullish run which may result in the completion of what seems to be a potential bearish bat pattern. {image}
The pattern, I've seen it, and I sat on it for two hours. That was a hard nut to crack.
Technicly it makes sense, but, there is so much strong resistance on the way to fill the pattern, that I decided not to paint it in.
The two "possible new high" lines in my chart, are actualy the Fib levels that would fill this pattern. So I took it into concideration to "hedge my analysis" (we always do this ^^), decided not to paint the pattern but instead just draw the lines and leave the Fibs in.
That's why theres no pattern on these, this week.
But it's there. (and I personaly don't see it fill, but that's my bias)
you are not expected to understand this
  • #1,099,171
  • Mar 25, 2017 12:18pm Mar 25, 2017 12:18pm
Quoting Don96
{quote} if thats what you think will happen how will you trade it?
I don't necessarily think that will happen. It is just something I see in the charts at the moment and I am always looking for other possibilities.
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,099,172
  • Mar 25, 2017 12:19pm Mar 25, 2017 12:19pm
Quoting pkimnyc
{quote} simple. buy the dip.
would like to see where you would buy the 'dip'?
how deep will the 'dip' be?
  • #1,099,173
  • Mar 25, 2017 12:21pm Mar 25, 2017 12:21pm
Quoting Teek
{quote} The pattern, I've seen it, and I sat on it for two hours. That was a hard nut to crack. Technicly it makes sense, but, there is so much strong resistance on the way to fill the pattern, that I decided not to paint it in. The two "possible new high" lines in my chart, are actualy the Fib levels that would fill this pattern. So I took it into concideration to "hedge my analysis" (we always do this ^^), decided not to paint the pattern but instead just draw the lines and leave the Fibs in. That's why theres no pattern on these, this week. But...
Nice I understand you standpoint on that
Did Mike Jordan always make so much bank or Snoop Doggy roll so much dank?
  • #1,099,174
  • Mar 25, 2017 12:26pm Mar 25, 2017 12:26pm
Quoting Don96
{quote} would like to see where you would buy the 'dip'? how deep will the 'dip' be?
???
dude. i'm not a fortune teller.
have no clue how deep it will dip down, if any.
i will pickup what i can, if any setups presents combine with news is how i trade.
i look at where they bought and sold. works way better than fibs, but that's just me.
/r
  • #1,099,175
  • Mar 25, 2017 12:32pm Mar 25, 2017 12:32pm
Quoting pkimnyc
{quote} ??? dude. i'm not a fortune teller. have no clue how deep it will dip down, if any. i will pickup what i can, if any setups presents combine with news is how i trade. i look at where they bought and sold. works way better than fibs, but that's just me. /r
got a chart so i can see what you mean? surely you have levels in mind? and what do you mean by combining it with news? news trading is gambling and that would be more attempted fortune telling or rather gambling than an educated prediction/plan of where you may 'buy the dip'

im not digging or anything im just open minded so would like to know what this all means and how you trade it

also i just saw your post directed to me but not quoted...

i dont trade monthly... who does? too much happens in the month.... unless you hold for monthly targets then i see it is as a little pointless... almost like trading h4 to get 10 pips... who does that?

anyhow, thanks for the insight, not sure i will use it though?
  • #1,099,176
  • Mar 25, 2017 12:34pm Mar 25, 2017 12:34pm
Quoting Teek
{quote} Thank you. one thing to remember, especialy in setups like these: Smart money puts their orders where your Stops are. Stay careful, we trade in "interesting" times
Utelizing PA, I would disagree that "Smart money puts their orders where your Stops are."

The 3/22/17 Daily bar was a pin off a clear PPZ. It is also a second test of the 50% retracement of the move from 11/9/16 to 1/3/17. the Does that mean it will move down? Absolutely not.

If you did a sell on the opening of the 3/23/17 bar with a stop above the 3/22/17 pin (which is the trade my wife is in), your statement implies the only "smart" trade is northbound near the 1.084 area. I do not believe the trade she is in is a huge probability of success, but I think it was a good trade using Price Action with proper Money Management applied.

I do think there would be a much more clear indication of a breakout if it does hit the 1.084 area, though even then there would need to be some PA for me to say it was a good trade.
Que
  • #1,099,177
  • Mar 25, 2017 12:38pm Mar 25, 2017 12:38pm
Quoting Connors
{quote} OK there was a reason for the level I mentioned last week, clearly pa shows respect to it. It is still hanging around it and most likely will make the close here at this spot. Lets try to identify what last two weeks caused technically. PA is trying to overcome the medium term - long term it is under some major pressure needless to say -bearish pressure it has been under since the US election. It has been very carefully shifting itself to immediate resistance @1.0820 - 50 %ret level but it has been deadly slow since taking it will clearly...

Quoting Connors
{quote} OK as promised working on the weekly chart and wanted to hear from you what you guys think: While checking the last 4 weekly bars, it is easy to see price doing its best to erase medium term bearish pressure which will be decided at the above mentioned post 1.0820. If bulls mean business they will need to do it as soon as possible before some major shit storm falls from the sky. If there are strong bears around this level they however need to slap it hard enough to make a weekly close below 1.0560 where this recent uptrend all started. Price...
You know what?
Absolutely nothing changed for me..
Apart from the fact that Bulls are creating some easy supports - 1.0781 & 1.0724. It will drop hard at some point - my educated guess is close to 1.0860s to the most desired level of the year - 1.0560s.
Early longs will be stopped out.
However the moment it makes an hourly or better 4H close above 1.0820, I will stop shorting until 1.10xxs.

Good luck everyone!

Oh and yes, I love fibs & golden ratios. Until I find sth better, they will be my guide..
  • #1,099,178
  • Mar 25, 2017 12:42pm Mar 25, 2017 12:42pm
Quoting Don96
{quote} got a chart so i can see what you mean? surely you have levels in mind? and what do you mean by combining it with news? news trading is gambling and that would be more attempted fortune telling or rather gambling than an educated prediction/plan of where you may 'buy the dip' im not digging or anything im just open minded so would like to know what this all means and how you trade it
that's your opinion.
not really interested posting charts again.
besides, don't we have enough charts anyway?
they all same thing. only difference is how you read, when, and where to pull the trigger.
only prediction i would rely on is where momentum points.
thats all.
  • #1,099,179
  • Mar 25, 2017 12:47pm Mar 25, 2017 12:47pm
Hello everyone
Some thoughts on the Euro

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd discussion.PNG Size: 93 KB
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Be careful what you think because your thoughts run your life..Solomon
  • #1,099,180
  • Mar 25, 2017 12:48pm Mar 25, 2017 12:48pm
Quoting tstivers
{quote} I am primarily using technical analysis. But when there are fundamentals that may heavily influence prices in the short term, you would be a fool to ignore them. As far as my trading, I did pretty well today using both technical and fundamental analysis. I focus more on short term trades. So I couldn't really care much about the daily charts aside from knowing the current long term trends. I look for 30-40 pip movements over the course of a few hours, while someone watching the daily charts is looking for 200+ pip movements over the course...
I will go easy for newbie like you.
On the 1st light of the 1st trading day next week: USDjpy - go LONG.
Set your TP @ 500 pips.
AND TALK LESS.

p/s - see you again in the next cycle of economic recession (2028). I am here since 2008.
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