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- EricthePip replied Mar 21, 2008
Yours did show that nice tail. My 800 candle that day was simply a large down bar, followed by an up bar. Didn't see a lot of entry points and the pair was "dancing" about the 21.... However, it this case after the green candle broke the 21, a ...
- EricthePip replied Mar 4, 2008
Eur/GBP — First post...., but Daily on the Eur/GBP looking heavy?? Nearly a PB on 2/29, two doji's since (ignoring Sunday bar) and a a few pips from a triple high... About 2 hours to close.... Worth watching for some PA the other way?? Of ...
- EricthePip replied Mar 3, 2008
Not sure what you mean. It was a clear TC, doesn't really require an opinion. Not defending the trade, as it's not mine, but there is a TC.... (please see chart)... And on another point. A real sweet trade would have been the pin bar (local low) on ...
- EricthePip replied Feb 20, 2008
Nice trade and great patience, I saw it this morning at 3AM EST, but at that point it was near the low of the tails, so I went back to bed. Emotionally, I had a little G/U fatigue at that point. Interesting if you look at the 1HR, the importance of ...
- EricthePip replied Feb 19, 2008
I like that one. But don't like these tails I'm going short if the TC holds, but going to watch that rectangular area Also a trend line around or about 1.9423 either could provide some support... quote=Ryanmcd;1859214]Chart.[/quote]
- EricthePip replied Feb 19, 2008
Absolutely.... plenty of room down to the 8 (24 pips) and 21 (60 or so).... nice spinner off the trend line...However, since the bars not closed, I'll wait, as I don't want to get yelled at Maybe at 3PM est, CT trade, but the market's usually ...
- EricthePip replied Feb 18, 2008
Yea, Palmer didn't call me either, but an alarm woke me up at 2:27AM.... alarm was at 1.9576, but by the time a got down stairs market was at 9550, went short, and grabbed 25 pips on 1/2 and set the rest to BE... Then this AM got "nervous" on a ...
- EricthePip replied Feb 17, 2008
I'd be careful on this one on long side. If the s-h-s pattern holds (on the MACD), it's broke the neckline and retraced back to neckline (support may become over head resistance, on the MACD).... plus looks to be a hammer down (long tail) 00:00 ...
- EricthePip replied Feb 15, 2008
Interesting. I looked on Intrabank and my 89/200 crossed back on 2/1.... I'm using simple MA's for the 89 and 200, plus zero shift, apply to close.... I wonder why they show different. Regardless, Pound looking heavy.... Ryan, notice the tails on ...
- EricthePip replied Feb 14, 2008
There was a weekly update on the thread on entering on a pullback, I'll try to find in tomorrow, but the jest of it is that it's fine and sometimes preferable to enter on a pull back especially on a big bar, where the stop would be too big. Of ...
- EricthePip replied Feb 14, 2008
CHF/JPY — Not condoning a counter trend trade, but if one were inclined and was itching for one, I believe this is a decent one: 1) 25 pips or so to the 8ema 2) R:R reasonable 20 pips risk to stop 98.42, tp around 98.0 3) signal on the MACD 4) ...
- EricthePip replied Feb 14, 2008
Kind of messed up in my opinion as well. As you can see from the chart, been trading sideways for quite a while, then a fake out to the high side today. Pair may have broke higher with the equity markets (rally last 3 days or so), which had a big ...
- EricthePip replied Feb 11, 2008
Here's another approach to TL's.... with an intermediate one shown, as well as the daily (top nearly horizontal) and the bottom from connecting the lows of last fall. Shows an inflection point brewing. Who will win, bulls or bears.... Moral, wait ...
- EricthePip replied Feb 11, 2008
Personally, I'm passing on this one. Don't like the 8:00 candle (huge tail in both directions, aka indecision). My bar closes in 12 minutes and looks to be a non-signal
- EricthePip replied Feb 11, 2008
Not sure I see this "bull run" Eur/Usd fell about 500 pips so far in February and corrected a little of it.... TC forming... Going long on the open was in my opinion wasn't a trade based on market motion, but a 50/50 shot at a market direction call. ...
- EricthePip replied Feb 8, 2008
G/U looks ripe to start moving down (relative) to the E/U...
- EricthePip replied Feb 7, 2008
Looks a little iffy to me: 200 providing support as well as trend line support, so unsure what the tp would be. Motion is between 89 and 200 and the 8:00 and 12:00 candles show indecision. PS Pic27.com is showing "inappropriate" images for this ...
- EricthePip replied Feb 6, 2008
Not sure it helps, but my bar, which ends in a little over an hour is still in the green. On my chart the spinner at 12:00 tells me market is indecisive. Plus big BOE/ECB news is coming out at 7&7:45AM. Your chart has the huge engulfing candle down ...
- EricthePip replied Feb 6, 2008
USD CAD — Thoughts on the USD CAD (long).... TC forming broke 200sma on 4Feb, went back to the below the 200 sma. Found support on the 21, retook the 200, went back to the 200 and now on the ascent. 21 pips risk down to the 200 and 31 pips ...
- EricthePip replied Feb 6, 2008
I second the motion. I anticipated the 8:00 candle at 3AM this morning. it was an engulfing candle for sure. And looked damn bullish (attached picture).... only lacked 5 pips from turning the MACD green for a TC and bounced beautifully off the 8ema. ...