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- Capn79 replied Nov 10, 2010
It's been several hours (i even took a nap), and Cloggie's range still applies. 3768-3792.
EURUSD
- Capn79 replied Nov 10, 2010
You called this range perfectly. Just when I think the PA is going to push us south, the we pop up and test the top of the range.
EURUSD
- Capn79 replied Nov 10, 2010
Thanks Cloggs. Lunch-time here. Better grab a bite. If the M15 prints a little lower then we have a nice evening-star, which would lead me to believe we'll break out below the 3783 & 3768 levels. You're in London right? I'm just south of L.A. on the ...
EURUSD
- Capn79 replied Nov 10, 2010
Ahh, that makes a ton of sense regarding scaling in. What is the key to distinguishing between probable larger moves and the smaller moves? For example, we used to see larger moves off the LO, but the market has changed a little more to what you ...
EURUSD
- Capn79 replied Nov 10, 2010
There's another animal to tackle. Distinguishing between viable 100 pip moves and the 10-20 ones. You've given me some great material to study. I imagine the larger moves are an array of factors - (like have we been in consolidation for a while, ...
EURUSD
- Capn79 replied Nov 10, 2010
Ahh I see. Your 3792 TP has been filled. In looking at the chart, I would assume that 3798 would give way to 3813. (the top of an earlier range)
EURUSD
- Capn79 replied Nov 10, 2010
That was a key for me earlier... "Where the big boys had their stops" - with that, I'm starting to understand the momentum you mentioned earlier. That's huge! When you identify prospective ranges for the day, how far back in time do you go? Is a ...
EURUSD
- Capn79 replied Nov 10, 2010
Many thanks Cloggie! I'm working hard to learn how to fish, so that I won't need to be fed. Thanks for taking the time! I'm going to spend the rest of the day studying your levels. I want to better understand the majors/minors... I want to figure ...
EURUSD
- Capn79 replied Nov 10, 2010
I totally agree. I want to be successful trading, and have been studying it (particularly Cloggie's analysis), but there are other areas I want to be successful in as well, and the MBA will help with that. (Not looking to work in a bank or financial ...
EURUSD
- Capn79 replied Nov 10, 2010
Do you usually see a fakey break/re-test? So I use the bottom of the prior box as the minor, and the top as your target?
EURUSD
- Capn79 replied Nov 10, 2010
Take USC (University of Southern California) - you walk into the book store and are inundated with an large display of Pro-Obama books - while having to seriously search for books on the opposing view. How's that for inspiring critical thinking? ...
EURUSD
- Capn79 replied Nov 10, 2010
You'd be amazed at some of the Bull-shiz they teach in the Universities these days. I thought that the top of the range had already been broken (3733) - Do you usually wait for the M15 to print before getting in?
EURUSD
- Capn79 replied Nov 10, 2010
Best class there is. I'd rather give all the money I'm giving to USC for an MBA to Cloggs for a little instruction. He's been a huge help!
EURUSD
- Capn79 replied Nov 10, 2010
Ahh, I see the range on the M5, but didn't clearly see top of the range until I looked at the M15. 3792 is where momentum swung everything to the down-side right (M15)? It doesn't appear that 3792 was clearly the top or bottom of the previous range ...
EURUSD
- Capn79 replied Nov 10, 2010
I'm going back and reading your posts from today (just getting up here on the west coast) - Not quite sure I understand the 'areas where the momentum caused the top or the bottom'. Currently on the EU, would that mean the momentum to the down-side ...
EURUSD
- Capn79 replied Nov 10, 2010
Cloggie, Thanks for the posts on trigger levels. I've been working on identifying prospective ranges and developing the if-then-if strategy at the beginning of the day, but still struggle with trigger areas. Are your triggers major tops/bottoms of ...
EURUSD
- Capn79 replied Nov 9, 2010
Hey Cloggs, I'm not seeing the normal consolidation on cable or fibre for the LO, and it seems the asian session is moving things a lot more than usual. Do you look for anything specifically on the Daily's and Weekly's that tell you things aren't ...
EURUSD