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[Lord Flasheart]

moved stop to 50

 

[Lord Flasheart]

looking at nzd/jpy for a possible short from the 90 area

ouch,hit 90 and fell.Now why did i take eua/aud and not that

 

[Lord Flasheart]

ea looking bad,aj doing well,may take aj of and see if ea can recover

 

[Lord Flasheart]

short eur/aud at 1.2426 sl 1.2445

-25 x 2,need aj to clear this loser

 

[ZEN archer]

It looks like they are manipulating euro a bit atm:whistling

 

[D.Gilberto]

It looks like they are manipulating euro a bit atm:whistling

Who`s "they" ?

 

[ZEN archer]

Who`s "they" ?

Various manipulators I guess - central banks, big players etc.

PS I'm just guessing by looking at the pa

 

[D.Gilberto]

Various manipulators I guess - central banks, big players etc.

Ok. What are they doing to manipulate the Euro and why are they manipulating it?

 

[ZEN archer]

Ok. What are they doing to manipulate the Euro and why are they manipulating it?

To transfer money from the manipulated guys' accounts to the manipulators' accounts?

1 min eur/usd chart attached with some 'nice' moves

 

[Lord Flasheart]

Morning all

Long aud/jpy at 80.60 sl 80.37

settled for +19 and +60,nice

 

[ZEN archer]

To transfer money from the manipulated guys' accounts to the manipulators' accounts?

1 min eur/usd chart attached with some 'nice' moves

Whatever the case - there is a megaphone on hourly eur/usd. It's not my favourite pattern, but it can be traded once the price hits the lines. Only drawback is that lines are getting wider and wider, so is distance to the stop unless one chooses some other levels for stops. Some traders wouldn't touch it with a barge pole.

 

[be-positive]

settled for +19 and +60,nice

show off ( nice one ma lord )not bad for someone that does not like longs

 

[Lord Flasheart]

heres that nzd/jpy chart ive spoken about the last week or so.its spiked up to the line twice since last mentioned.I was in a correlated position so didnt eter short.Dispite the clarity of this line I am only a touch ahead from the trades taken from it. shows how you can be ruight and still lose

 

[ZEN archer]

How many pairs do you draw the lines for and how often would you update them LF?

Also when drawing the lines, would you join only the extremes of the moves or something else? - I've noticed few lines on the last example are not at the extremes

 

[be-positive]

How many pairs do you draw the lines for and how often would you update them LF?

Also when drawing the lines, would you join only the extremes of the moves or something else? - I've noticed few lines on the last example are not at the extremes

archer flash has a secret arrow to draw his lines
:cheesy:

 

[ZEN archer]

archer flash has a secret arrow to draw his lines
:cheesy:

Maybe I've overdone it with all the questions - after all it's a public forum and asking LF to reveal his edge may be inappropriate

PS I'm not trading at the moment, so lot of time for posting. Can't find any good set ups - either there are none, or my analytical skill deteriorated badly after hols

 

[Lord Flasheart]

Ask all you like

The best answer I can give is experience,and its more about the pattern.Generally once a line has been broken and pulled back.then the place it has pulled back to is a strong indication of future resistance. Aslo I look at the price action.if there is a spike at an area then it tends to be there for a reason,i.e,it has spiked through the line. I guess years of losing gets you used to what looks right.Sorry I cant be more precise

 

[ZEN archer]

Ask all you like

The best answer I can give is experience,and its more about the pattern.Generally once a line has been broken and pulled back.then the place it has pulled back to is a strong indication of future resistance. Aslo I look at the price action.if there is a spike at an area then it tends to be there for a reason,i.e,it has spiked through the line. I guess years of losing gets you used to what looks right.Sorry I cant be more precise

Thanks LF - that's good enough for me

 

[Lord Flasheart]

ffs.look at that nzd/jpy.what a trade to miss.Ill have to thrash baldrick

 

[ZEN archer]

ffs.look at that nzd/jpy.what a trade to miss.Ill have to thrash baldrick

Is it the rejection of the wedge's top line (hourly chart)?

At the moment it's playing with the wedge's lower line - would you take short here (it it breaks the line)?