Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 75 | 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

  • #1,481
  • Mar 15, 2018 10:43am Mar 15, 2018 10:43am
Quoting sumar
{quote} Lol. I've learned something new today
When I put two opposing arrows means I'm doing it.
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  • #1,482
  • Mar 15, 2018 10:52am Mar 15, 2018 10:52am
Quoting maflip
{quote} When I put two opposing arrows means I'm doing it. {image}
Ok. Yes, I've noticed that. Great idea. But how do you handle fake outs? When you use market orders you can at least wait for confirmation i.e a retest
Never Ever Give Up
  • #1,483
  • Mar 15, 2018 11:24am Mar 15, 2018 11:24am
Quoting sumar
{quote} Ok. Yes, I've noticed that. Great idea. But how do you handle fake outs? When you use market orders you can at least wait for confirmation i.e a retest
I dunno I pray and hope for the best hah hah. If I straddle then if wrong and it goes to the other side stop and reverse.
  • #1,484
  • Mar 15, 2018 11:25am Mar 15, 2018 11:25am
Quoting maflip
{quote} I dunno I pray and hope for the best hah hah. If I straddle then if wrong and it goes to the other side stop and reverse.
Never Ever Give Up
  • #1,485
  • Mar 15, 2018 11:27am Mar 15, 2018 11:27am
Quoting sumar
{quote}
If the consolidation pattern is big then I wait for a price confirmation then wait for pullback and enter at lower time frame.
  • #1,486
  • Mar 15, 2018 11:36am Mar 15, 2018 11:36am
Quoting maflip
{quote} If the consolidation pattern is big then I wait for a price confirmation then wait for pullback and enter at lower time frame.
That's what I do. I'd rather play it safe
Never Ever Give Up
  • #1,487
  • Mar 15, 2018 4:20pm Mar 15, 2018 4:20pm
Quoting sumar
{quote} That's what I do. I'd rather play it safe
Might as well stick to the lower tf. What happens on tick is whag you see on all tf', so why would you think higher tf trumps lower tf?
  • #1,488
  • Mar 16, 2018 12:20am Mar 16, 2018 12:20am
GU can be straddled today. If falls below we retest the major trend line. If we bump up probably another attempt to test resistance. Hopefully, if it test resistance again it breaks it.

Long or Short today? We will find out.
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  • #1,489
  • Mar 16, 2018 12:22am Mar 16, 2018 12:22am
Quoting HabibiForex
{quote} Might as well stick to the lower tf. What happens on tick is whag you see on all tf', so why would you think higher tf trumps lower tf?
I don't think that at all. I use higher timeframes to look for set-ups and use lower TF's for entries. My question was whether you use market or pending orders and why?
Never Ever Give Up
  • #1,490
  • Mar 16, 2018 1:49am Mar 16, 2018 1:49am
took a long off of support.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 62 KB
Keep It Simple Stupid
  • #1,491
  • Mar 16, 2018 1:57am Mar 16, 2018 1:57am
Quoting Alastair
took a long off of support. {image}
Great. You're really a GJ fan...lol. At the moment I'm not touching GJ. My SA broker's spread are too wide. Average 4 pips. On GU it ranges from 0.5 to 0.8
Never Ever Give Up
  • #1,492
  • Mar 16, 2018 2:06am Mar 16, 2018 2:06am
Quoting Alastair
took a long off of support. {image}
That's a nice trade set-up. Strong support
Never Ever Give Up
  • #1,493
  • Mar 16, 2018 2:34am Mar 16, 2018 2:34am
Quoting Alastair
took a long off of support. {image}
HH was formed on 5M chart. (yes its only the 5 min chart, but it is a start)
watching the low.. Hopefully a HL and then another HH..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 68 KB
Keep It Simple Stupid
  • #1,494
  • Mar 16, 2018 2:51am Mar 16, 2018 2:51am
Quoting Alastair
{quote} HH was formed on 5M chart. (yes its only the 5 min chart, but it is a start) watching the low.. Hopefully a HL and then another HH..
stopped out...
Keep It Simple Stupid
  • #1,495
  • Edited 3:07am Mar 16, 2018 2:52am | Edited 3:07am
GU looks bullish at the moment retesting that trendline but for the last 2 hours it's been up and down in a 13/14 pip range
Never Ever Give Up
  • #1,496
  • Mar 16, 2018 4:04am Mar 16, 2018 4:04am
Quoting maflip
GU can be straddled today. If falls below we retest the major trend line. If we bump up probably another attempt to test resistance. Hopefully, if it test resistance again it breaks it. Long or Short today? We will find out. {image}
So far so good for this setup. Anybody else making money? I took half out and letting the rest run. Hoping to make 100+++ pips well i hope it breaks that resistance now.
  • #1,497
  • Mar 16, 2018 4:21am Mar 16, 2018 4:21am
Quoting maflip
{quote} So far so good for this setup. Anybody else making money? I took half out and letting the rest run. Hoping to make 100+++ pips well i hope it breaks that resistance now.
I'm smiling....lol. GU has been moving nicely
Never Ever Give Up
  • #1,498
  • Mar 16, 2018 4:22am Mar 16, 2018 4:22am
Quoting sumar
{quote} I'm smiling....lol. GU has been moving nicely
Haha hah nice one bro. Let's hope that resistance is broken now.

I hope im right so far they tried to fake breaking support 3 times already for couple of days so hopefully this is it.
  • #1,499
  • Mar 16, 2018 4:29am Mar 16, 2018 4:29am
Quoting maflip
{quote} Haha hah nice one bro. Let's hope that resistance is broken now. I hope im right so far they tried to fake breaking support 3 times already for couple of days so hopefully this is it.
Yes I hope so too. That 1.3980/1.4000 zone has been quite strong. Will be a nice strong move up if it breaks
Never Ever Give Up
  • #1,500
  • Mar 16, 2018 8:10am Mar 16, 2018 8:10am
That GU resistance is tough cookie to crack
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