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- verno replied Mar 22, 2010
EURUSD — I am having a problem with chart posting so appologies for no charts but EURUSD looks like a nice 4hr PB forming. Have to wait for close but things in its favour 1) PPZ and swing low 2) Divergence on MACD daily 3) 61.8% retrace of ...
- verno replied Dec 18, 2009
I am short this pair also off the 4 hr pin. Initial target 1.61 then maybe leave some on.
- verno replied Dec 11, 2009
Thanks Matt
- verno replied Dec 11, 2009
Mike (or anyone else), just wanted to check something on this, are you looking for it to break the green lines I have drawn or is the IB to the right of the green lines I have drawn? Thanks Verno
- verno replied Nov 20, 2009
Here goes: Its an uptrend firstly, then there is the confluence of the uptrend line and the MA and some prior support around this level 1.68 level which is a round number. Add to that its a 50% fib (although I am not quite sure what its based off). ...
- verno replied Nov 11, 2009
Not quite as convincing but a BUOB on USDCAD as the 61.8 fib Well is it actually a BUOB as the bar engulfs the previous but the close isn't above the high of the previous bar? Anyone?
- verno replied Nov 11, 2009
Nice BEOB at swing high on 4 hr GBP with divergence. Break of red line took me short, blue line is first potential trouble point.
- verno replied Oct 29, 2009
The PB is after a strong up bar and therefore I guess you wouldn't want to be trading against this. I think the BEOB entry was based on a retrace to resistance that held. The short here is also low risk as your stop wouldn't be much higher. Thats my ...
- verno replied Oct 13, 2009
Ah ok, I wasn't sure if I could have a breakout of a PPZ or whether the breakout had to be a pretty clearly defined. It seems from your response that it needs to be pretty clear.
- verno replied Oct 13, 2009
I was reviewing one of Mikes breakout videos at the weekend and thought this trade fitted the bill. The breakout level isn't perfectly defined but I figure its a valid PPZ. One chart is daily highlighting level, the other is showing retrace to level ...
- verno replied Oct 10, 2009
some interesting weekend setups, 2 day PB with divergence on EURUSD weekly PB with div on USDJPY
- verno replied Sep 11, 2009
Interesting Jaroo, I saw this as a 4hrly short opportunity PB. PB has pushed beyond resitance but rejected. PB has pushed beyond 61.8% around 1.67? I guess your view might be that shorting the PB after the BUOB is not great risk reward?
- verno replied Sep 9, 2009
I took the trade off the 8hr PB but got out at BE. It reacted well initially and I liked the setup as its also a double bottom but for me it took a bit too long to play out. The best trades always seem to react quickly and cleanly. As a result I ...
- verno replied Sep 4, 2009
I think it is probably based off location, however on the 8hr and 4hr charts there are some PBs, so maybe that was the trigger. I took a long off the 4hr PB yesterday but it wasn't really moving quickly enough for me, so I got out for a small profit. ...
- verno replied Sep 1, 2009
Thanks Mike, I actually looked at it a couple of hours ago (but only just got round to posting) and left it because the 4hrly trend wasn't inline with trade direction and the required stop was a bit large. In general would you say a retrace to ...
- verno replied Sep 1, 2009
I have a question on the USDCAD daily PB. So it broke nicely downwards but then retraced. On my chart the green line is the daily PB break and the pink is the double 4 hrly PB. My question is should I be shorting this retrace based on the fact that ...
- verno replied Aug 28, 2009
Looks like that USDCAD 2 day PB might be playing out. I am short but actually from the trendline break on the 4hr. 2 day PB break at green line
- verno replied Aug 15, 2009
ok, thanks Jaroo and ghous
- verno replied Aug 15, 2009
One for Ghous or anyone else. IS this a valid IPB? It looks like reasonable location, however it could simply be an IB? It is on barclays so not really valid for FX but more looking at location etc. Does the fact that its an IB help or should it be ...
- verno replied Aug 14, 2009
Nice setup on H4 GBPUSD although it took a while to play out. Also might the strictest rules suggest that the bar after the PB only broke by about 6 pips so might not have been enough to trigger a short and then when the break occured, there were ...