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Price Actions- EurUsd

  • #701
  • Apr 2, 2019 3:17am Apr 2, 2019 3:17am
Quoting abajiga
{quote} In other words, I would like to see around London open, the yesterday's highest hasn't been taken out yet.
Ah gotcha cool!

The grey boxes you have on your charts, are they London session from open to midday? they dont quite look like the whole session?
  • #702
  • Apr 2, 2019 3:22am Apr 2, 2019 3:22am
Quoting oblong
{quote} Ah gotcha cool! The grey boxes you have on your charts, are they London session from open to midday? they dont quite look like the whole session?
I really don't use them that much, but I am kind of used to them being on the chart as they high light prices at the same time everyday. So my eyes are kind of used to them and sort of give me a reference point everyday. I just like to see them what prices are doing around those times ...gives me that picture memory every time I look at them.
Time Is Money
  • #703
  • Apr 2, 2019 3:26am Apr 2, 2019 3:26am
Quoting abajiga
{quote} I would still take it as a buy due to the yesterday's highest is still intact plus if the prices are still holding nicely and not going down in a straight line, then looks ok.
Cool, ill apply this to charts tonight.
1.) The Asia day high not to breach London day high
2.) Prices not going straight down in a line during Asia session and close of Asia session
  • #704
  • Apr 2, 2019 3:27am Apr 2, 2019 3:27am
Look at this one...it got played nicely with time.
From yesterday till today. The support area of yesterdays low became support for today's high and the prices kept moving downwards.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.SBM5.png Size: 62 KB
Time Is Money
  • #705
  • Apr 2, 2019 3:30am Apr 2, 2019 3:30am
Quoting abajiga
Look at this one...it got played nicely with time. From yesterday till today. The support area of yesterdays low became support for today's high and the prices kept moving downwards. {image}
Lucky I didnt add that to last night selection, I listed as a LONG, but didnt look convincing and didnt make the favourites list.
  • #706
  • Apr 2, 2019 3:38am Apr 2, 2019 3:38am
Quoting abajiga
{quote} I would still take it as a buy due to the yesterday's highest is still intact plus if the prices are still holding nicely and not going down in a straight line, then looks ok.
So if EURJPY had gone down to the yellow box section in Asia time like it did in London time (green box), you would still of taken a long this morning?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.JPG Size: 172 KB
  • #707
  • Apr 2, 2019 3:41am Apr 2, 2019 3:41am
Quoting oblong
{quote} So if EURJPY had gone down to the yellow box section in Asia time like it did in London time (green box), you would still of taken a long this morning? {image}
yea...still a valid trade as long as yesterday's highest is still in place
Time Is Money
  • #708
  • Apr 2, 2019 4:16am Apr 2, 2019 4:16am
Quoting abajiga
{quote} I would still take it as a buy due to the yesterday's highest is still intact plus if the prices are still holding nicely and not going down in a straight line, then looks ok.
Cheers, ill try apply what you've told me today to the charts tonight.

EURJPY and AUDJPY wstill trying to bust out of this range.
Wish I held out bit longer for entry on AUDJPY, it came down to level I thought and closed that gap. I got in at 78.762
  • #709
  • Apr 2, 2019 5:48am Apr 2, 2019 5:48am
Bit of a slow mover day across the board in general today.
  • #710
  • Apr 2, 2019 7:44am Apr 2, 2019 7:44am
Think Ill close out the AUDJPY or stop couple points below session low, doesnt look like it wants to move and its going to finish as red daily candle, with more potential downside tomorrow.

Your EURJPY has finally broken out to the upside, but again pretty slow movement on it today.
  • #711
  • Apr 2, 2019 8:29am Apr 2, 2019 8:29am
Quoting oblong
Think Ill close out the AUDJPY or stop couple points below session low, doesnt look like it wants to move and its going to finish as red daily candle, with more potential downside tomorrow. Your EURJPY has finally broken out to the upside, but again pretty slow movement on it today.
Yea...we should see more movement now than in the morning...NY open will boost volatility
AudJpy could be hanging around if EurJpy goes up. I don't think AudJpy will continue further down now.
Time Is Money
  • #712
  • Apr 2, 2019 8:47am Apr 2, 2019 8:47am
Quoting abajiga
{quote} Yea...we should see more movement now than in the morning...NY open will boost volatility AudJpy could be hanging around if EurJpy goes up. I don't think AudJpy will continue further down now.
Both are resting on there supports now. Tempted to flick over to EURJPY....dont want to jinx you though :-)
  • #713
  • Apr 2, 2019 9:09am Apr 2, 2019 9:09am
Quoting abajiga
{quote} Yea...we should see more movement now than in the morning...NY open will boost volatility AudJpy could be hanging around if EurJpy goes up. I don't think AudJpy will continue further down now.
I got until 4PM to reconsider clearing my table
Time Is Money
  • #714
  • Apr 2, 2019 9:14am Apr 2, 2019 9:14am
Quoting abajiga
{quote} I got until 4PM to reconsider clearing my table
im 2 pips away from being closed out.

Where have you put your stops on EURJPY?
  • #715
  • Apr 2, 2019 9:30am Apr 2, 2019 9:30am
Quoting oblong
{quote} im 2 pips away from being closed out. Where have you put your stops on EURJPY?
way below it...don't worry about the SL, put it below two days ago
Time Is Money
  • #716
  • Apr 2, 2019 9:36am Apr 2, 2019 9:36am
Quoting abajiga
{quote} way below it...don't worry about the SL, put it below two days ago
With this method, SL loss needs to be the last thing to be triggered. Worst of the worst that can happen.
If the market pulls back more, I will wait to settle and add more position to go north. This way you take more profit than the market was to take your money.
Time Is Money
  • #717
  • Apr 2, 2019 9:42am Apr 2, 2019 9:42am
Quoting abajiga
{quote} With this method, SL loss needs to be the last thing to be triggered. Worst of the worst that can happen. If the market pulls back more, I will wait to settle and add more position to go north. This way you take more profit than the market was to take your money.
Really that low, so you would put in yellow box area in chart below?

If it goes that low, doesnt mean plan gone out the window as its broken previous lows etc?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.JPG Size: 193 KB
  • #718
  • Apr 2, 2019 9:59am Apr 2, 2019 9:59am
Quoting oblong
{quote} Really that low, so you would put in yellow box area in chart below? If it goes that low, doesnt mean plan gone out the window as its broken previous lows etc? {image}
yea
Time Is Money
  • #719
  • Apr 2, 2019 10:05am Apr 2, 2019 10:05am
Quoting abajiga
{quote} yea
Got closed out on AUDJPY at 78.65...just jumped in on EURJPY now.
  • #720
  • Apr 2, 2019 10:09am Apr 2, 2019 10:09am
Quoting abajiga
{quote} yea
I added more position from the bottom
Time Is Money
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