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- Mp1983 replied Jul 21, 2010
AUD / CAD IPB — Hey All, Haven't been around much as I've gone back to lurking mode but how about this one? Looks like a bit of a Ghous special to my unskilled eye! Pro's: Below the 200MA Inside bar Inverted Pin Bar BRN - 9,200 PPZ Con's: FTA ...
- Mp1983 replied Apr 20, 2010
Thanks Mike. Would be interested to know your thoughts on what the key markets are in terms of significance and knock on affects in other markets. Would you agree with: Crude > Gold > Equities > FX (Major > Minor).
- Mp1983 replied Apr 20, 2010
Hi All, is anyone able to explain the significance of MA's? I can understand why price reacts to different PPZ's or certain fib's or TL's etc but why does price also behave in a similar way when touching MA's?
- Mp1983 replied Apr 20, 2010
PA on Equities — Barclays - A BEOB with pin features close to a BRN of 400 which has historically been a tough cookie to crack. I'm personally hoping this one fails or at least bounces back of 350 as I do hold this stock.
- Mp1983 replied Apr 18, 2010
CAD / JPY — Would like to see some PA around the 9,000 BRN and PPZ. Let's see if the low of the last green bar (8,994) gets broken.
- Mp1983 replied Mar 31, 2010
Mike, agreed. I used to confuse myself and sometimes use news to take trades or pre-empt the markets based on news and just take worthless set ups and come out with a loss, a full SL hit type of loss at that! I now try not to let any news interfere ...
- Mp1983 replied Mar 31, 2010
The SNB usually intervenes to weaken the currency but in this case it has strengthened. Not read up on it yet but my assumption is that SNB has probably reiterated that it wont be intervening in the foreseeable future and perhaps some risk aversion ...
- Mp1983 replied Mar 31, 2010
Thanks Nasir, your hourly chart shows precisely what I see on mine. Hopefully it will track into the 5,600 zone.
- Mp1983 replied Mar 31, 2010
Sorry Surpreme but am at work so can't post charts, am only checking via my mobile platform. I'll follow up with one later on but so far it's broken south and is running quite well.
- Mp1983 replied Mar 31, 2010
I know there's not much mention of indices on here and that hourlies are not recommended BUT there is a BEOB on the FTSE stradlling the 5,700 BRN. Let's see how it plays out.
- Mp1983 replied Mar 30, 2010
Eur / Usd — We have a BEOB which is straddling a BRN and PPZ (13,500). I guess we will find out tomorrow if there's any legs left in shorting Eur / Usd.
- Mp1983 replied Mar 30, 2010
Jarro, yes it did go somewhere to answering the question. I guess it's really more of a subjective thing but for amateurs like myself going with the trend can help build confluence whereas pro's like you can go against the trend, as in your GBP / ...
- Mp1983 replied Mar 30, 2010
Hi Jarro. I love the way you make entries and TP's look so simple! My question to you;based on the chart you have drawn when would you consider the trend to have reversed or at least a reversal have been confirmed? When it breaches the high on the ...
- Mp1983 replied Mar 28, 2010
On the NZD / USD the monthly pivot is also at 6,985 which could be added confluence. Although from what I can see pivots on Forex don't hold as well as pivots on equities.
- Mp1983 replied Mar 28, 2010
Don't know if anyone has noticed but on NZD / USD we currently have an inside bar showing on the monthly, weekly and daily charts. I wonder if a break on the daily will have a lasting affect on the weekly and monthly. Wouldn't that be nice? :-D
- Mp1983 replied Mar 24, 2010
PA On Equities — So how about PA on Equities then? Clear swing high, nice BEOB which encompasses two previous bars. Price now re-testing the previous high, an Inside Bar which has been broken to the downside and divergence on the RSI.
- Mp1983 replied Mar 21, 2010
EUR / GBP. Trading with the trend? — Hello All, Everyone talks about trading with the trend, the trend is your friend etc etc but one thing that used to confuse me was defining what the trend was. Then I went with what I considered to be the ...
- Mp1983 replied Mar 19, 2010
GBP / USD - conflicting signals? — Hi all, I know alot of the junior and senior traders here took a long of the GBP/USD from a couple of days ago and many on the break of 15,200. However price dropped like a stone today even though price had ...
- Mp1983 replied Mar 18, 2010
1 pip? Not in my account. They simply close your position and open a new one at whatever the prevailing market price is, the spread is not discounted at all.
- Mp1983 replied Mar 18, 2010
Hi, I actually did set a buy limit order but it did not get filled even though price had hit my order to open level! In relation to the rollover, well its because on sideways markets or markets where there is little movement in any direction the ...