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  #4131 (permalink)  
Old 05-17-2006, 12:15 PM
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@Nina: I think kohzadi misinterpretated your account overview (here are the scaled sell's of the previous buy)

mibl
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  #4132 (permalink)  
Old 05-17-2006, 12:18 PM
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Quote:
Originally Posted by nina
What sell?

Nina
OK My platform is different
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Last edited by kohzadi; 05-17-2006 at 12:27 PM.
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  #4133 (permalink)  
Old 05-17-2006, 01:20 PM
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Quote:
Originally Posted by mibl
I had not traded any of the following signals because of buzy at work and could no take a first look at the charts.

Now looking on the charts I see trendy behaviour on all pairs and the following signals:

EURUSD
>9:00 cet: Level 4 long @1.2881, made a current high @1.2917 (>11:00cet)
// this level 4 long was occuring after a level 1 long yesterday evening out of the regular trading time

USDCHF
>9:00 cet: Level 4 short @1.2038, made a current low @1.2004 (>11:00cet)
// this level 4 short was occuring after a level 1 short yesterday evening out of the regular trading time

GBPUSD
>9:00 cet: Level 4 long @1.8928, made a current low @1.9001 (>10:30cet)
// this level 4 long was occuring after a level 2 long yesterday evening out of the regular trading time

Level 4's are "reentering" signals and have normally preceeding signals of level 1 or 2 (hours or days ago - deneding on the strength of the trend) - look at the white lines on the attached chart

mibl
MIBL, my price on the GBP/USD candle @ 9:00cet, closed at 1.8956?? Am I missing something here? Please help me understand that better. Thx.
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  #4134 (permalink)  
Old 05-17-2006, 02:02 PM
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wait for smoke to clear to get your direction
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  #4135 (permalink)  
Old 05-17-2006, 02:04 PM
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It seems that the market has no direction. Am i right? i thought we had a level 4 at the 16:30cet candle but it turned into a spinning top. any thoughts? are there any news releases that i missed?
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  #4136 (permalink)  
Old 05-17-2006, 02:26 PM
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looks like we might be setting up for a level 1 short on Eurusd and level 1 long on usdchf. don't quote me on this one. time: 1700cet
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  #4137 (permalink)  
Old 05-17-2006, 02:26 PM
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Level 1 trades

Prices crossed 50EMA on all 3 pairs, 9:30 comming up in 5 min,
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  #4138 (permalink)  
Old 05-17-2006, 02:32 PM
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Quote:
Originally Posted by jwoger
It seems that the market has no direction. Am i right? i thought we had a level 4 at the 16:30cet candle but it turned into a spinning top. any thoughts? are there any news releases that i missed?
CPI from US Index higher than expected = Inflation fear = Interest Rate rise to counter

That's the principle behind CPI
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  #4139 (permalink)  
Old 05-17-2006, 02:39 PM
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we have level 1s at 9:30est but the pairs seem to be losing steam. any thoughts?
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  #4140 (permalink)  
Old 05-17-2006, 02:42 PM
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Quote:
Originally Posted by ValeoFX
MIBL, my price on the GBP/USD candle @ 9:00cet, closed at 1.8956?? Am I missing something here? Please help me understand that better. Thx.
Hi ValeoFX,

yes - you missed that the entry on level 4 is not at the candle close but during the candle. Entry point of this level 4 is @1.8928, that's one pip above the high of the preceeding consolidation phase.

On Level 4 we enter immediately at the breakout and do not wait until the candle closes. That is important.

=> The very important side condition for level 4's is strenght of the movement: So waiting until the candle closes and expection strength on the movement is a contradiction!

mibl
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