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| View Poll Results: Which Section? | |||
| I draw my SR levels by hand |
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26 | 63.41% |
| My SR levels are draw by some indicator |
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14 | 34.15% |
| Other. My answer is not listed above. |
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1 | 2.44% |
| Voters: 41. You may not vote on this poll | |||
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LinkBack (45) | Thread Tools | Display Modes |
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FX Chat Room
Folks, if anyone's interested I've opened up a Room in Paltalk where we can help each other spot trade setups. I've called it "Bubble FX Room", feel free to join. No voice, just text. Let's see how it goes & I hope Bubble won't mind if I use his name, but it's the only way I can think of to identify it. I don't see it as a forum for constant chit chat, so if you log in please hang around, even if there's no conversation, so that when a trade sets up we can discuss it. See you there.
Last edited by fxitfx; 08-21-2007 at 03:47 AM. |
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Quote:
Great idea about the chat room .... |
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Hi Speres,
I don't use oanda but I see they have a forum, I did a search for "save charts" and found a few examples of how to save charts. I didn't post a link to their forum in case it broke this forums rules. Basically the only way I could see to save a chart is to capture your screen shot using your prnt/scrn button on your keyboard then pasting and editing that in windows picture editor (or whatever picture editor you use). Regards Daryl yes the chat room is a good idea, is it working yet? Last edited by XKR1962; 08-20-2007 at 10:58 PM. |
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Quote:
__________________
"Time is a great teacher, unfortunately it kills all of its students" |
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thanks people will give it a try about the charts.
Just logged into chat hopefully see a few people popping in there. I notice sundowner you pulled a 15 min chart. How does the SBR look in the higher time frame? say 4 hr? |
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Support, Resistance and 1-2-3 Pattern
You should always combine 2 or 3 indicators/studies
to confirm price action. Here you can see the 122.00 support/resistance level with the 1-2-3 pattern at the end of a bull market. |
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Hi Sundowner,
Here are my comments, given in the positive spirit in which this thread was opened. As I understand Bubble's way of trading, he was looking to trade in the direction of the higher time frame, by entering in a lower time frame at a point at which price turns back in the direction of the higher time frame. ( I seem to remember that somewhere he said he would prefer 2 higher time frames to agree to the trend.) Let's take the 60 min as the higher time frame, and the 15 min as the lower time frame. I have attached a 60 min chart, in which you see the longer term direction of the trend is not confirmed until yesterday's 09:00 bar when price passed 155.29. Bubble would not enter until the trend was confirmed, and as such, my reading is that you have labelled your chart too early in the process. I have also relabelled your chart with the 60 min swings. The interesting thing now is that the 4 hour chart has not confirmed an uptrend at all, but price has broken the previous swing high. The 60 min chart has confirmed an uptrend, but price isn't making headway North, and has in fact completed a swing South, setting up a 1-2-3 down. So, it looks to me like the market doesn't know which way to turn yet, and is in the process of carving out a range, currently roughly 155.50 to 153.50. Hope I have understood his way of looking at the markets correctly... Last edited by Starfish; 08-21-2007 at 04:19 PM. |
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