Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 57 | Forex Factory

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Attachments: Dragon or Snake - GU, UJ, GJ, EU, EJ
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Dragon or Snake - GU, UJ, GJ, EU, EJ

  • #1,121
  • Feb 15, 2018 2:28am Feb 15, 2018 2:28am
Quoting Alastair
{quote} nice clean chart! That trend line is approx. 100 points away, hopefully we don't have to wait that long before shorting her.. im flat at the moment.


Currently struggling to get above resistance.
  • #1,122
  • Feb 15, 2018 2:49am Feb 15, 2018 2:49am
Quoting maflip
{quote} Currently struggling to get above resistance.
i have entered short with 20 pip stop
Keep It Simple Stupid
  • #1,123
  • Feb 15, 2018 3:04am Feb 15, 2018 3:04am
Quoting Alastair
{quote} i have entered short with 20 pip stop
Good luck. Me currently flat
  • #1,124
  • Feb 15, 2018 3:53am Feb 15, 2018 3:53am
You 2 have guts.....lol. At the moment there is no confirmation yet that GU is coming down
Never Ever Give Up
  • #1,125
  • Feb 15, 2018 4:03am Feb 15, 2018 4:03am
Quoting sumar
You 2 have guts.....lol. At the moment there is no confirmation yet that GU is coming down
It's coming down now but I would still be careful. Might just be a pullback before heading north again
Never Ever Give Up
  • #1,126
  • Feb 15, 2018 4:09am Feb 15, 2018 4:09am
Quoting sumar
You 2 have guts.....lol. At the moment there is no confirmation yet that GU is coming down
not short yet. no trade yet at all. just trading Dax at the moment.
  • #1,127
  • Feb 15, 2018 4:32am Feb 15, 2018 4:32am
GJ approaching resistance now..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 43 KB
Keep It Simple Stupid
  • #1,128
  • Feb 15, 2018 4:54am Feb 15, 2018 4:54am
Quoting sumar
{quote} It's coming down now but I would still be careful. Might just be a pullback before heading north again
No confirmation yet. If it confirms, probability is high price is at R1 and H4 resistance. But they don't want me to short it yet. lol so relax I'm not in yet.
  • #1,129
  • Feb 15, 2018 5:08am Feb 15, 2018 5:08am
Quoting maflip
{quote} No confirmation yet. If it confirms, probability is high price is at R1 and H4 resistance. But they don't want me to short it yet. lol so relax I'm not in yet.
what do you use as confirmation?
Keep It Simple Stupid
  • #1,130
  • Feb 15, 2018 5:31am Feb 15, 2018 5:31am
Quoting Alastair
{quote} what do you use as confirmation?
Waiting on M30 fractal at least. Ed uses M15. But too much fakes.
  • #1,131
  • Feb 15, 2018 5:34am Feb 15, 2018 5:34am
Quoting maflip
{quote} Waiting on M30 fractal at least. Ed uses M15. But too much fakes.
Also, selling at the touch of R1. It's another good sign.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #1,132
  • Feb 15, 2018 5:44am Feb 15, 2018 5:44am
Quoting maflip
{quote} Also, selling at the touch of R1. It's another good sign. {image}
Do you get your R & S lines & pivot from Dailyfx?
Never Ever Give Up
  • #1,133
  • Feb 15, 2018 5:47am Feb 15, 2018 5:47am
Quoting sumar
{quote} Do you get your R & S lines & pivot from Dailyfx?
If DailyFX uses floor pivot then we should have the same value. Here's my floor pivot indicator though. You might have to adjust the daily shift depending on your broker.

If it's Pepperstone daily shifted is 0. Other brokers have different time zones that's why.
Attached File(s)
File Type: ex4 Pivot Points - Daily (Shifted).ex4   8 KB | 263 downloads
File Type: mq4 Pivot Points - Daily (Shifted).mq4   11 KB | 241 downloads
  • #1,134
  • Feb 15, 2018 5:54am Feb 15, 2018 5:54am
Quoting maflip
{quote} If DailyFX uses floor pivot then we should have the same value. Here's my floor pivot indicator though. You might have to adjust the daily shift depending on your broker. If it's Pepperstone daily shifted is 0. Other brokers have different time zones that's why. {file} {file}
Your Daily R1 is the same as Dailyfx Hourly R1. The classical option. S1 is 1.40410. You can see it bounced from there now
Never Ever Give Up
  • #1,135
  • Feb 15, 2018 6:08am Feb 15, 2018 6:08am
Quoting sumar
{quote} Your Daily R1 is the same as Dailyfx Hourly R1. The classical option. S1 is 1.40410. You can see it bounced from there now
I see. I don't use hourly pivot just the daily. That area it bounced up from formed a support area this intraday.
  • #1,136
  • Feb 15, 2018 6:47am Feb 15, 2018 6:47am
is that a LH on GU M5??
Keep It Simple Stupid
  • #1,137
  • Feb 15, 2018 6:52am Feb 15, 2018 6:52am
Quoting Alastair
is that a LH on GU M5??
Looks like it
Never Ever Give Up
  • #1,138
  • Feb 15, 2018 6:54am Feb 15, 2018 6:54am
The US forcast figures seems all positive. I hope it will be. Will give downward momentum
Never Ever Give Up
  • #1,139
  • Feb 15, 2018 7:07am Feb 15, 2018 7:07am
Quoting sumar
{quote} Looks like it
testing the high 1 more time...
Lets get onto the short train..

* or not.
Keep It Simple Stupid
  • #1,140
  • Feb 15, 2018 7:18am Feb 15, 2018 7:18am
Quoting Alastair
{quote} testing the high 1 more time... Lets get onto the short train.. * or not.
Yes, tested R2 at 1.4098 and got rejected. Stoch also overbought

To add - Don't forget data coming out in 10 minutes
Never Ever Give Up
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