Charts Observations
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Thread: Charts Observations

  1. #1
    We utilized to scan the charts and look for any formation, price action, trend breaking,....etc

    and since everyone is able to see the chart from a different view, therefore I see we could donate here and post our observations

    I had to do this independently and write notes in my laptop and I think each trader do this why we cant do it here to create a major long/short term view!!

    I shall begin and correct me if I'm wrong in anything

    so please donate and post your opinion, I wont do this independently and will return to my notebook again

  2. #2
    Quote Originally Posted by ;
    No guarantees, I have 0 clue about EW.

    Current direction remains up until sideway channel is dropped downwards. Expecting a rest into blue marked place. Fib extensions 127.2percent - 161.8percent of tide 4 would line up perfectly using prior sr so this opinion is favored. Clearly if 0.6465 goes then we've got a channel reduction / range breakout on our hands.

    Not that I care, since I don't really exchange this pair and the long I have on is tiiiiiiiiiiiiiiiiiiny =-RRB-
    SayI actually should have maintained that tiny long and built on it

    Ya can't say you can't predict long-term pair development in forex

    It's funny, there are these moments of emotion when you can just see things happening. . .and they then do.

    In contrast to what I am reading on Bloomberg(cowardly 4-500 pip forecasts over 3 quarters on large moving pairs, barely 3-4% value, bah) what I wish more folks would do - large picture thinking, even if it originally sounds crazy (no way, EURGBP oscillates, it does not move big, etc).

    Something which's actually useful mid-term.


    Btw, wouldn't it be shocking if that was not a 4 however a two? Then we would maintain a 3 up and now have lots and lots more to go higher..scary thought
    Perhaps not unplausible given rate cycles though..we shall see.

    Hope you have been well benssol =-RRB-

  3. #3
    Quote Originally Posted by ;
    Say, I really should have kept that tiny long and constructed on it

    Ya can not say you can not predict long term pair advancement in FX

    It's funny, there are such moments of emotion when you're able to just see things occurring. . .and then they do.

    In contrast to what I'm reading on Bloomberg(cowardly 4-500 pip predictions over 3 quarters on large moving pairs, barely 3-4% value, bah) what I wish more people would do - large picture thinking, even though it originally seems crazy (no way, EURGBP oscillates, it does not move big( etc).

    Something which's actually handy mid-term.


    Btw, wouldn't it be shocking if that was not a 4 but a 2? Then we would be in a 3 up and also have lots and lots more to go higher..scary believed
    Perhaps not unplausible given rate cycles though..we shall see.

    Hope you have been well =-RRB-
    yeaaaaah

    but the main point you didn't miss the entire move
    this is essential, we cant take every pip from the market but take what it offered us and run

    I recall this chart really well, really simple and tidy

    also your GU chart and prediion was fantastic and it did well

    Quote Originally Posted by ;
    Btw, wouldn't it be shocking if that was not a 4 but a 2? Then we would be in a 3 up and also have lots and lots more to go higher..scary believed
    Perhaps not unplausible given rate cycles though..we shall see.
    Wow:amazed

    I always fearful out of your words Hunting
    you despise the cable coz you're German
    but I will check this chart , it may be OMG


    as you know the ending of year interval, you open the previous stocks shine documents and search for places in the markets specially the emerging and produce the calculation and prepare for liquidate some places,....
    Then accumulate the Entire year reports and begin the reading
    and look for new companies and predictions for this new year...

    so a little time for currencies this month
    thanks for asking

    Hope you have been well too Seeking, my buddy

  4. #4
    This was good stuff to read... although it appears to mean that I should not drink a bottle of chamagne following a winning trade... and convince my wife to quit beating the tar out of me every time I lose...

    Careful guys... your posts here are going to make me start looking into pitchfork things, along with my plate is in fact filled right now... but you are making it seem awfully tempting....

    Quote Originally Posted by ;
    some quotes from a publiion, I dont understand it's title (from trading nude site)

    may be, It can assist some new fellows traders

  5. #5
    And yes I admit I had gone short on this pair... and dropped... TWICE... dumb tiki...!!! Always look at seekings charts first before trading... luckily I took the possibilities where I thought I really could have extremely tight stops and I have learned to not exchange but Tiiiiiimy amounts once I'm sticking my nose into areas I have no business going.... Of coarse now I see the obvious target...

    Quote Originally Posted by ;
    Say, I actually should have kept this miniature long and constructed on it

    Ya can't say you can't predict long-term pair advancement in FX

    It is amusing, there are these moments of emotion when you can just see things occurring. . .and then they do.

    In contrast to what I'm reading on Bloomberg(cowardly 4-500 pip predictions over 3 quarters on big moving pairs, hardly 3-4% value, bah) what I wish more folks could do - big picture thinking, even though it originally seems crazy (no way, EURGBP oscillates, it doesn't move big( etc).

    Something which's actually handy mid-term.


    Btw, wouldn't it be shocking if this wasn't a 4 however a 2? Then we would be in a 3 up and have lots and lots more to go higher..scary thought
    Perhaps not unplausible given rate cycles though..we shall see.

    Hope you have been well benssol =-RRB-

  6. #6
    Thought I would toss in my 2 pips.... I generally only trade the EUR/USD however my TA operates on some other pair.
    Here is the degree of my technician analysis, I use momentum and trend (all other things such as pattern recognition just puts my vertigo. . .LOL) by using two MAs.... A 7 interval weighted along with a 7 interval simple.... After the price crosses the MAs I'm prepared to trade in that way, the real crossing of the MAs is merely a confirmation of leadership, I also use the ATR for both TP and SL sizing, generally 1/2 ATR for SL and complete ATR for TP. I generally close each transaction at the end of the day and open a new commerce, or you can also move you up TP and SL to represent exactly what the new entrance is, saves some spread like that. Also I trade the daily TF.
    Here is what my chart looks like....
    http://img172.imageshack.us/img172/4...capturezy2.png

  7. #7


    I truly enjoy your tag line statement...
    SIMPLIFY! - KISS your charts - don't do more, do less better

    that actually sums it all up...

  8. #8
    This looks like a great system so long as the tendency is trending... but what happens on daylies when daily range is small and price is no more trending... there that I see little chance to make a winning transaction, at least by lookng for the cross over... but after that , I know little and am only sticking my nose in... so don't mind me much...

    Or when the ATR is horizontal or not going in the ideal direction... no commerce???


    Quote Originally Posted by ;
    thought I'd toss in my two pips.... I generally only trade the EUR/USD but my TA works on any pair.
    Here is the extent of my technician analysis, I use momentum and fashion (all that other things like pattern recognition only sets my vertigo. . .LOL) by using two MAs.... A 7 interval weighted and a 7 interval easy.... When the price crosses the MAs I get ready to trade in this direction, the actual crossing of the MAs is merely a confirmation of management, I also use the ATR for both TP and SL sizing, generally 1/2 ATR for SL and full ATR for TP. I generally shut each transaction at the end of the day and start a new commerce, or you can also move up you TP and SL to reflect what the new entry would be, saves a few spread that way. I also trade the daily TF only.
    Here is exactly what my chart resembles....

  9. #9
    Here are the results of 38 transactions, each is started at the beginning of the days new candle and closed at the conclusion of the candle every time a new trade is started.
    I used these dates because of the price shing from bullish to bearish in a rather close time span.
    This data doesn't incorporate the usage of the ATR to get MM at the conclusion of 38 times the overall pips gained is 267,
    employing a TP of 100 and SL of 50 would have increasd this complete, but I am not gong to calculate it. Set up your own charts and back test this for yourselves, it will help you understand what is happening, also feel free to alter the MAs.... When price is on the top and WMA is at the top of SMA, go long, when price crosses and is under the MAs and WMA is under the SMA, go brief.
    Utilize the ATR to Establish your own MM, on the EUR/USD TP100 and SL50 works quite well for daily, if You Would like to use a briefer TF use the ATR,
    half of ATR for SL and entire ATR for TP.

    Like I said this is the degree of my technician analysis and chart observations, anything longer give me vertigo....LOL

    If you have any questions PM me and I will try to describe things for you.


    http://img171.imageshack.us/img171/6...apture1it2.png
    http://img184.imageshack.us/img184/6...apture2rt6.png

  10. #10
    Johnedoe,

    I can not PM you and I do not know how to use skype?

    In both 7 period MA's one weighted and another one simple are those to the near? open? hi? low?

    Due

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