this is how I should have probably played the entry on the 5 min with the double horns, I just saw you posted a better point to exit, but also saw bullish engulfing at 78, yoohoo
tom, use alt+prtscr and then paste it into something like paint, save the pic and when you post attach it. It's real simple.
Correct - I've been preaching from the 1 hr today but you know to use the 15 & 30 as well. They would have helped confirm these points. If you were trading the 1 min you should be up at least 50 pips by now on low risk entries. Right guys, I've PIB and shopping to do, flights to organise and as it's to a white sands beach on a local island I have to visit an airline office instead of using the Internet. Might catch up much later. Good trading all.
OK, I'm finally back.... Seen dad, he's weak yet, but was so glad to see me and mom... (We managed to come to reanimation though nobody allowed there, but we could... ). Also talked with a surgeon he says everything as planned, just we hope now that transplantated segment of colon gets acclimatized well... It'll be known (how it goes) within a week... Thank you friends for support! Will soon try to tune to the mkt (all thoughts are completely out of that now) and tell what I see as a gameplan. See you did a huge work, many pages addes to the thread, so I myself have to follow it and read it all, LOL...
Took a look at 1H and 4H... Looking like a pullbak (flag shape) in this downmove which just've begun yesterday. Daily is broken out of the wedge I talked about in previous days... So seems like good days come for USD... Unless of course this flag transforms into a reversal pattern (1-2-3 or like that).
I'm wishing good recovery for your dad CF,. ....And you're being wise to take the time off from trading. kind regards T
Since I'm a new student of forex,I might not have all the correct terminology about indicators and patterns yet.....what I'm calling a triangular terminal.....maybe is what youre calling a flag. in fact it looks like a flag. ....right here at 1.56 80....and it extends into the new york open in some degree,fading down as it does. The trendlines I saw are right on top of the current PA and slide down to the 1.56 40 area, and down further as new york opens. If the big move happend to crash down, I would estimate 100 pips from 1.57 to 1.56,around the London open....but if that doesnt happen and the sideways table continues into new york opening....then the crash,if it hhappens (I call it a crashing,.... sorry,I gota learn the lingo...)the falling knife... could go down to 1.5530 area. I know this exercise youre all doing is about fast trading in the 1 minute. I dont want to sidetrack your focus at all....I was just offering my take on the trendline analysis I was doing for the day. which seems to show the day might be part of the bigger trend,a monthly trend...from the whole wave started on Feb 7. thanks for the info CVDS,I'll try to learn that. I know what 'alt' is....whats that other thing 'alt+ ...???? Tom
Just out of shower - wife beat me to it and stole razor. Getting dressed but time for one quick post. Blue is daily as prior post. Red is WMA. lessons for today... 1. The 1 hr called down and was a cash cow 2. Feelings, unless you are at a very high level, are thin ice for traders. Praying for your dad CF. Fantastic you got in to see him and he's doing so well. C'ya later.
couldn't resist... Irish humour still alive and well. Want to know how many Irishmen are take in by someone having a laugh... You must call the zoo for an urgent message... AFP - Thursday, April 24 06:16 pm Dublin Zoo appealed to the public on Thursday not to be taken in by hoax text messages that have led to its switchboard being jammed by an estimated 100,000 calls in two weeks. The texts are signed with names like G. Raffe, C. Lion, Rory Lyons and Anna Conda. http://uk.news.yahoo.com/afp/20080424/tod-ireland-animal-offbeat-7f81b96.html