4 Hour Chart
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- #544
- Jun 20, 2007 4:13am Jun 20, 2007 4:13am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
- #545
- Jun 20, 2007 4:15am Jun 20, 2007 4:15am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
traex do you mine me putting my charts ? i don't want to interfere with your journal.
Tra-X
- #546
- Jun 20, 2007 5:12am Jun 20, 2007 5:12am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #G29/07
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
Tra-X
- #548
- Jun 20, 2007 9:30am Jun 20, 2007 9:30am
- Joined Mar 2007 | Status: Trader | 7,195 Posts
Opportunity #G29/07
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
- #549
- Jun 20, 2007 10:08am Jun 20, 2007 10:08am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
3rd or is it 4th time lucky???
Well let's see.GBP/JPY has hit both its targets at 245.15 and 246.25. Might finish its rally soon. Next target is at 248+ tho.
Tra-X
- #550
- Jun 20, 2007 1:05pm Jun 20, 2007 1:05pm
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #G29/07
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
Update 1: Set TP1 at 1.9901 for +32. Well it might become another blower again.
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
Update 1: Set TP1 at 1.9901 for +32. Well it might become another blower again.
Tra-X
- #553
- Jun 21, 2007 2:25am Jun 21, 2007 2:25am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Tra-X
- #554
- Jun 21, 2007 2:31am Jun 21, 2007 2:31am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Man, could that have be any slower. Like watching a reel slow short squeeze.
But it needs to drop in this area and soon or up it goes. Now I see two possibilities from here, 1) this is the end of wave 2 and here come the big money in wave 3 or 2) this is wave "a" of wave 1 up. Either way I am looking for at least 50% money pullback soon. Any stops should be able to be placed at yesterdays high soon if not now.
Anyway, lets see how it unfolds
AZ
Tra-X
Hi Traex,
Yes, the more I look at it the more uncomfortable I am about the look. Getting harder to see a good structure to support the down side. Alot of people are going to be pissed off if it goes up.
I see that you are trading a new pair (at least here). It's ripe for a turn but I was looking for it to get alittle deeper. Atleast to 50% retrace. It's got a triangle going on to the down side, I feel alittle more to go. My indicators say oversold though. Anyway, good trading!
Oh, even with the losses you had yesterday, you are still doing a hell of a job!
Keep it up!
AZ
Yes, the more I look at it the more uncomfortable I am about the look. Getting harder to see a good structure to support the down side. Alot of people are going to be pissed off if it goes up.
I see that you are trading a new pair (at least here). It's ripe for a turn but I was looking for it to get alittle deeper. Atleast to 50% retrace. It's got a triangle going on to the down side, I feel alittle more to go. My indicators say oversold though. Anyway, good trading!
Oh, even with the losses you had yesterday, you are still doing a hell of a job!
Keep it up!AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
- #558
- Jun 21, 2007 4:54am Jun 21, 2007 4:54am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
Opportunity #G29/07
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
Update 1: Set TP1 at 1.9901 for +32. Well it might become another blower again.
Update 2: Canceled TP1 and took 1st profit at 1.9896 instead (+37). S/L tightened to 1.9941 (guarantees -8).
GBP/USD Short
3 parts
Entry: 1.9933
Stop (initial): 1.9983
End of subwave 3 or C (?). Can't help it, signal appeared again.
Update 1: Set TP1 at 1.9901 for +32. Well it might become another blower again.
Update 2: Canceled TP1 and took 1st profit at 1.9896 instead (+37). S/L tightened to 1.9941 (guarantees -8).
Tra-X
- #559
- Jun 21, 2007 5:05am Jun 21, 2007 5:05am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
The Next Target Is Wave 4
I see that you are trading a new pair (at least here). It's ripe for a turn but I was looking for it to get alittle deeper. Atleast to 50% retrace. It's got a triangle going on to the down side, I feel alittle more to go. My indicators say oversold though.
Yeah I'm trying EUR/GBP now. Let's see how it goes since this pair is the father of all slow pairs lol. I was just seeing a good opportunity from it today.
Maybe it will be this type of correction..
What is your opinion???
Tra-X