The Cat & Dragon - GJ Free House

Well so far this Dragon is like a fart in a trance

...and that's because it's at 12.30 cat...get it together you useless lump of fur!

Good opportunities today for shorting again, but I was away of my pc.
Now I'm waiting to see what I will do.

Forming a kind of triangle.

Bam.

It might test this low.

Once again, the Dragon has been kind to me...

[quote=cat;10518495]Anyone looking for potential support levels beyond today's fibs...... Today's S2, which I have at 819, is just above the 8 hour 200sma......

...and it's the 8 hour 200sma @ 812 which has held this dragon, and this, for me, is very significant, at least as far as today goes. Very bullish candles on the 10m tf as well, with long southerly stalks.

kapow...that was nice. Difficult to put an upper level on this now, but unless it's going to chop up and down, I would say back up on today's CP @ 894 or so would be a fair target, but there is a lot of resistance to get through on the way so we'll have to see.

Today sadly passed away at the age of just 55, one of the greats of opera, Dmitri Hvorostovsky, from brain cancer. I lived in Russia for a few years, and my wife is Russian, so I know what sad news this is today, especially for Russians.

No, this has nothing to do with trading, but as its my thread, here is the great man in all his glory a few years ago. RIP Dmitri

I think the "boys" are preparing the field to move up.
With lots of wick at support.
Maybe another break of the lows before?

One thing is for sure, they are loading.

I'm outa here, but thought this 1m screen shot might be useful for some.

When all the big moving averages ( 100 and 200 ema/sma ) are above the price on the higher time frames, a cluster of bearish candles like this, here on the 1m tf, an important one for my trading, around the 200ema resistance, is one of the highest probability sell signals you will find. Why? Because when the money sees them in this position, it means only one thing - sell, and the price often falls away fast. How far the price drops depends on where support is obviously. This one was just after 7am today, London time.

My favourite girl

Nice pussy

Said the Bishop to the actress

in long 148.188 target 149.29, took 2 losses today on that down move, the things you do when you're not thinking straight

Sod it - out for 3 pipperoonies

GBPJPY H4. Price contraction as shown with this modified Schiff. Gaps and PA helping with trades. US holiday tomorrow so PA could be a bit sketchy.

Does anyone scalp the 1m TF with this pair?

I am curious as to your trading method if you do

15m chart currently, with the big 76.4% from Monday, and the smaller one holding at the moment. Resistance was the 200ema as you can see, so that's where we are. Either it breaks lower towards the 8 hour 200ema support I mentioned yesterday, or we rally back up. It's in the balance right now.

Hi shrips. I use a 1m tf, but I don't scalp, but then, how do you define scalp?

As far as looking for a method, I don't think you will find much joy because I don't actually believe any actual ' methods ' exist. Each trader brings to the table his/her own knowledge and experience accumulated by trial and error over time, and it's actually pretty impossible to pass that on as a ' package ' as it were. I could say trade it away from the 200ema rather than into it, but that would cause more confusion than clarity. The charts offer a pretty complex picture on any given day, and our job as traders is to try to create simplicity from complexity.

Sorry for the lecture, but it's the best answer I could come up with, though others may be able to elucidate you more than I have been able to.

Good luck, and keep following the thread.