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tmanbone
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Postby tmanbone » Sat Mar 06, 2010 3:31 am

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"The simplicity of the markets is it's greatest disguise"

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Postby tmanbone » Sat Mar 06, 2010 3:33 am

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Postby tmanbone » Sat Mar 06, 2010 3:36 am

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Postby tmanbone » Sat Mar 06, 2010 3:44 am

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Postby tmanbone » Sat Mar 06, 2010 3:50 am

"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Thu Mar 11, 2010 8:15 pm

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In the previous charts posted above, leading to this post, I logged charts showing me where the market was in relationship to where I thought the market was going. In the most recent chart, the exchange rate is where I've been waiting for it to come in anticipation of a trade. I've been thinking all along to short the market @ the trendline touch, stop above, taking into consideration I'm trading off of the daily. The stop above is set @ 75 pips above entry order, entry order on the trendline @ 1.3700. My thought process is to trade with the trend, this is strickly a technical point of view, since my skills in fundimental analysis are lacking, although I will note that the Speculative Sediment Index (SSI) is telling me different.

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.37 as nearly 58% of traders are short. Yesterday, the ratio was at -1.31 as 57% of open positions were short. In detail, long positions are 3.5% higher than yesterday and 12.3% weaker since last week. Short positions are 7.7% higher than yesterday and 36.0% stronger since last week. Open interest is 5.9% stronger than yesterday and 20.6% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
Last edited by tmanbone on Fri Mar 12, 2010 2:48 am, edited 1 time in total.
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newschool
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Postby newschool » Thu Mar 11, 2010 11:50 pm

I think we agree price is the only truth.

If M5 is the truth on its chart, wouldnt be the price on M15, M30 or whaterver "lying", because in a different reality?

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Postby tmanbone » Fri Mar 12, 2010 12:58 am

I'm not sure I get the question. Like TRO says price is the same on all timeframes. I believe I can get into a trade as accurately on a 4 hr chart as I can a 5m.
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newschool
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Postby newschool » Fri Mar 12, 2010 1:39 am

I was perhaps asking the question to myself, partially.

But if you see a pattern on a M5 chart, it will obvisouly change along the TF, sometimes confirming your thoughts, sometimes infirming them. Right?
Last edited by newschool on Fri Mar 12, 2010 1:51 am, edited 1 time in total.

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Postby bredin » Fri Mar 12, 2010 1:46 am

newschool,
"trucks run over bunnies"

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