methinks he spent a few thousand hours drawing trend lines until he learned how to get effective results. Trendlines is an art form, practice will give you the best results
lol.. them thousands hrs is no exaggeration... pretty much it was the huge loss in the beginning stages that prompted me to come up with something i can trade with... But this is the most simplest of the form anyone can use for trading... even my charts are powercharts which are free to all..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
The crappy thing is that this didn't move based on technicals, S&P: REVISES CREDIT OUTLOOK FOR THE UNITED STATES TO NEGATIVE. S&P: Says it may take a number of years before U.S. debt burden stabilizes. Notes Congress may not reach an agreement by the 2012 elections. These statements came out and BAM, the bounce. Strange that as soon as the dollar is making headway, the news is released perfectly aligned with the technicals. Ya think some of those folks had a trading account poised for this.
Its not really a surprise to anyone. Politicians have been warning us about it, Moody's has been threatening to downgrade the US for a long time. Im staying short eur/usd from 1.4470
4235-40 is pretty much confirmation break of the 4260-65 lvl..
If the 4 hrs candle can close higher to 4266-70 we have a shot for correcition..
2 hrs charts and and on a confirm bounce from here onwards T5 is the expected big tgts.
Also this link is send to me by a member on this forum SCREWU and i simply like it..
the link : http://gyazo.com/2c6dd59697f9d98017d233c850df1d8b.png
accordingly the lvl (4343) is a breakout.. getting retested and the bounce back from here is simply buy for the stop is small and coincides with other TL's on other time frames..
Interesting...
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
New at posting so this is my best shot at an image. Magenta line on left is the divergence indicator, the yellow horizontal line is the level. Yellow box is the double top. That corresponds to the right chart. The yellow oval is the same time. The paint bars show a change from blue (up) to yellow (change) to red (down). I took a short at 1.4505, closed at 1.4430 when bars on the right chart turned back to yellow.
Trades shown at red down arrows under the 5 min heading
Shocked I got no comments with I posted this last Wednesday. Went short at 1.4505, still holding so in the money about 230 pips. Beginning to sense a little click in this forum.
Magic it is............ But you spotting it spot on......... lol......... you caught is with your Magic Eyes.....
Good Drills.......... Good Spotting and Magic happens....... Walla...............
GL..
Just getting my Eagle(eye) On, you know how We do. My long term channel support is being tested, right where the Daily 21 and resistance turned support.
Update........ My long term wedge has been broken.
Last edited by AyoBro; 04-18-2011 at 11:20 AM.
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
that is one brutal move down..
and i was away for only 45 mins or so...
this is where tight stops comes in as a guardian angels..
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Just getting my Eagle(eye) On, you know how We do. My long term channel support is being tested, right where the Daily 21 and resistance turned support.
Indeed that 4238 was for me sitting rt under 4243 weekly..
anyways; let the hangover be over......... callin it a day ............
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
This is the EUR selling we've been waiting for... Done for the day
ps: there will be more opportunities to sell (or buy) don't get too excited to sell EUR at this level. stick with you plan! London traders out in about half an hour. NY traders out to lunch. leaving me to look at the chart.
Originally Posted by Eska
Is reach. Hooray hihihihihi
Last edited by JavaIndoTrader; 04-18-2011 at 11:30 AM.
been short whole move down this morning on my S2 area 10 min tried catching a retracement. that lasted about 30 seconds, then back short.now i am flat. must sit back & get a clear picture.what a morning.
Update....... The channel is working like magic, as usual. The HAS is working out as well but we need a neckline break, btw the Head is the triple top just like the Captain confirmed.
Last update for the day. My precious.............
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
not selling EUR if pair trade back above 1.4250. EUR is still trading above 200 sma on 4hr to daily chart.
Originally Posted by nopainnogain
been short whole move down this morning on my S2 area 10 min tried catching a retracement. that lasted about 30 seconds, then back short.now i am flat. must sit back & get a clear picture.what a morning.
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
English
Español
Français
中文
Deutsch
Italiano
العربية
Sverige
Ελληνικά
Originally Posted by Blaiserboy
EUR short term outlook
