Down movement on H4, though slwer, is stil valid. First target hit. What about next around .41? 
Profitunity (Chaos) Trading System by Bill Williams
USDJPY decided to break up 
Fortunately it was kind enough to allow exit Bearish Divergent Bar at break even
Read analysis here
Fortunately it was kind enough to allow exit Bearish Divergent Bar at break even
Read analysis here
It seems that I've missed to discuss this trade, so it is time to correct this.
The story begins here and develops through few series - here (part 2) and here (part 3)
Confimed by Double Tops though I didn't bet much on this Bearish Divergent Bar and trade.
As often happens market surprised me once more, proving me that predition is just lost of time (and money sometimes)
The chart is quite clear - greens are entry points, red are stops. Trade is stil open on the short side.
Let's look what will be next
The story begins here and develops through few series - here (part 2) and here (part 3)
Confimed by Double Tops though I didn't bet much on this Bearish Divergent Bar and trade.
As often happens market surprised me once more, proving me that predition is just lost of time (and money sometimes)
The chart is quite clear - greens are entry points, red are stops. Trade is stil open on the short side.
Let's look what will be next
Nice profitable Bearish Divergent Bar trade.
Almost kicked out around 1.2245, compensated later by easily taking all consecutive signals. Trade ended at 78% Fibo retracement level.
Inserted Code[b]Date Signal Price SL P/L P/L$ lots:[/b] 04.6.2007 09:21 DB 1.2279 1.2176 0.0103 1180 1 05.6.2007 10:42 AO 1.2224 1.2176 0.0048 3150 5 05.6.2007 11:21 F 1.2219 1.2176 0.0043 580 1 05.6.2007 11:21 AO 1.2219 1.2176 0.0043 580 1 Total: [b]4 290[/b]
Another quick question isto; what are the lime green and hot pink lines on your chart and what are they used for ? Thanks and great job on your observations it really helps me to see if my observations are somewhat in line with someone else trading the profitunity way.....
Attached Images
http://www.forexfactory.com/attachme...1&d=1181053106
Attached Images
http://www.forexfactory.com/attachme...1&d=1181053106
Another quick question isto; what are the lime green and hot pink lines on your chart and what are they used for ? Thanks and great job on your observations it really helps me to see if my observations are somewhat in line with someone else trading the profitunity way.....
Attached Images
http://www.forexfactory.com/attachme...1&d=1181053106
I've made some experts helping me to keep eye on the signals generated. They double the signals from the original indicators and oscilators. At the moment are not finalized and sometimes are wrong. I use them just to draw my attention back on chart...
If you ask about the thick lines at the bottom of the chart, above the Momentum - these are zones - red, green and grey
Hello amaruenterprise
I've made some experts helping me to keep eye on the signals generated. They double the signals from the original indicators and oscilators. At the moment are not finalized and sometimes are wrong. I use them just to draw my attention back on chart...
If you ask about the thick lines at the bottom of the chart, above the Momentum - these are zones - red, green and grey
isto; are there certain pairs you trade exclusively or do you look for a good setup across the board ?....Thanks for your reply.....
I trade more or less all agains USD, EUR and GBP. In some pairs there are more often setups than the other - depending on the market. This is why I've made some experts to help me for I've missed signals sometime (and stil do
)
In posts #147 I've noted Bearish Divergent Bar setup in GBPJPY (more about this -> here).
Some signals has been taken and some losses as well
Today probability to go on seems to be more likely that to break up but it is not clear enough what will be next.
Some of the signals are described here
Some signals has been taken and some losses as well
Today probability to go on seems to be more likely that to break up but it is not clear enough what will be next.
Some of the signals are described here
- #157
- Jun 6, 2007 10:10am Jun 6, 2007 10:10am
Bullish Divergent Bar on EURAUD H4 chart was taken away quickly.
Buy stop order is stil untouched.
Instead we have a break down wich could turn to a nice trading opportunity.
Go for more here
Buy stop order is stil untouched.
Instead we have a break down wich could turn to a nice trading opportunity
.Go for more here
