I know there are lots of long positions in kiwi, but here is nice beovb on 4hr .., worth 40pips?.. maybe.
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- #4,645
- Jul 17, 2007 1:24am Jul 17, 2007 1:24am
- Joined Jan 2007 | Status: Feed The Piggy With Pips! | 1,733 Posts
- #4,646
- Jul 17, 2007 1:59am Jul 17, 2007 1:59am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
OK, so what are we thinking about daily pin bar on GBP/USD???
And what about that triple bar thingy right before it ???
I say I trade it but only for about 20 pips..., then close out half the trade and hope it really goes to about 2.0219 at 23.6 fib line...
But then, I am really worried about th triple high bar deal...
Thanks for thoughts... !!!
Hi.
I would say that is not a PB in any way. The open/close isn't level enough, there is really no nose and it's imho just a reaction from the psychological 2.0400 on first touch on a lethargic Monday. I could of course be wrong.
As for the triple high, if you're creative you could say that's a breakout attempt higher.
I'm going to add a small timeframe gif in a sec.
Trust price. Know yourself.
- #4,647
- Jul 17, 2007 2:06am Jul 17, 2007 2:06am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Some creative explaining of how I'm trying to interpret what I see on my 4h chart 
I'm still biased long until a bigger setups says no go. Weekly was a BUB and sideway pause mode without too large a dip usually indicates - to me! - buyers are as of yet unwilling to yield most of their positions.
The 2.0400 reaction was a good indication to me that the round number targets as simple places to TP are still very much valid for some traders
But since we aren't trading sub-2.0300s at the moment there's still hope for a nudge up today imho...but since this isn't the cable thread I'ma hush with silly opinions now and wait for PA
I'm still biased long until a bigger setups says no go. Weekly was a BUB and sideway pause mode without too large a dip usually indicates - to me! - buyers are as of yet unwilling to yield most of their positions.
The 2.0400 reaction was a good indication to me that the round number targets as simple places to TP are still very much valid for some traders
But since we aren't trading sub-2.0300s at the moment there's still hope for a nudge up today imho...but since this isn't the cable thread I'ma hush with silly opinions now and wait for PA
Trust price. Know yourself.
- #4,648
- Edited 4:18am Jul 17, 2007 3:50am | Edited 4:18am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
This is what I meant about GBPCHF. Triggered one of the smaller / more inside bars, fell in one fell swoop on CHF news then instantly came back as cable breached 2.0400 again and USDCHF is holding 1.1985.
It's SO much nicer to be long GBPUSD at the moment for me than to watch this harrowing rollercoaster ride of who's moving where faster on the chart (swissy vs cable, resulting in GBPCHF movement).
There are several higher prices one could have used to trigger the IB entry, but if you start doing that then I personally would end up somewhere around 2.4600 and that's not what it's about
So far a long break entry would still be doing fine however, I just wanted to point out why I don't like this middle stuff for IBs, since this is what I got most of the time.
Ties in well with the "the WHERE matters" stuff for me.
Update: GBPCHF clearing 2.4530, looks like the catapult is on its way
It's SO much nicer to be long GBPUSD at the moment for me than to watch this harrowing rollercoaster ride of who's moving where faster on the chart (swissy vs cable, resulting in GBPCHF movement).
There are several higher prices one could have used to trigger the IB entry, but if you start doing that then I personally would end up somewhere around 2.4600 and that's not what it's about
So far a long break entry would still be doing fine however, I just wanted to point out why I don't like this middle stuff for IBs, since this is what I got most of the time.
Ties in well with the "the WHERE matters" stuff for me.
Update: GBPCHF clearing 2.4530, looks like the catapult is on its way
Trust price. Know yourself.
- #4,649
- Jul 17, 2007 6:22am Jul 17, 2007 6:22am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
This is what I get for my naysaying 
Hope everyone in this is enjoying the pips *g*
About to clear the last barrier, then should be off scotch free...let's see how it goes =)
Currently sticking at 2.4565 s/r for a few seconds ;p
Hope everyone in this is enjoying the pips *g*
About to clear the last barrier, then should be off scotch free...let's see how it goes =)
Currently sticking at 2.4565 s/r for a few seconds ;p
Trust price. Know yourself.
- #4,650
- Jul 17, 2007 8:25am Jul 17, 2007 8:25am
This is what I get for my naysaying
Hope everyone in this is enjoying the pips *g*
About to clear the last barrier, then should be off scotch free...let's see how it goes =)
Currently sticking at 2.4565 s/r for a few seconds ;p
hahaBut I actually agreed with your commentary. It was kinda in the middle of things and I didn't think it would break through that resistance like that.
This thing really took off.
I took that I4B break but bailed a while back cuz like I said, I didn't think it would skyrocket. Oh well...
Tom
- #4,651
- Jul 17, 2007 8:59am Jul 17, 2007 8:59am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
You have to believe Seeking!
If you get Dana to be my private plaything I will gladly hang up a "I want to believe" poster any day
Trust price. Know yourself.
- #4,654
- Jul 17, 2007 12:17pm Jul 17, 2007 12:17pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Seeking - are you looking at the pin bar on Crude?
No. But Oil is trending up strongly and I expect 80$ to be hit soon.
It's been a buy ever since 5x$ really and the closer summer got the easier it would have been to make money. The last "simple" trade was a weekly breakout of the 60-67$ range. There were also some really really nice weekly PBs on this pair. Daily has been far too noisy for this pair for me in the past and I've found out it is much more prone to losses than anything else if not traded "right".
Just was not worth the hassle to in the end. FX behaved a ton nicer in comparison, but that may just be my perception.
Also 1.2 pips spread on EURUSD are so much more preferable to 8+ on oil
I can toss some weekly charts around though if you want?
Trust price. Know yourself.
- #4,655
- Jul 17, 2007 12:48pm Jul 17, 2007 12:48pm
- | Commercial User | Joined Jan 2007 | 1,442 Posts
Haven't got access to Oil, commodities and stocks anymore ever since I left those thieves and crooks at finspreads behind. Good riddance, too.
No. But Oil is trending up strongly and I expect 80$ to be hit soon.
It's been a buy ever since 5x$ really and the closer summer got the easier it would have been to make money. The last "simple" trade was a weekly breakout of the 60-67$ range. There were also some really really nice weekly PBs on this pair. Daily has been far too noisy for this pair for me in the past and I've found out it is much more prone to losses than anything else if not traded "right".
Just was not worth the hassle to in the end. FX behaved a ton nicer in comparison, but that may just be my perception.
Also 1.2 pips spread on EURUSD are so much more preferable to 8+ on oil
I can toss some weekly charts around though if you want?
Thanks mate!
- #4,658
- Jul 17, 2007 3:24pm Jul 17, 2007 3:24pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #4,659
- Jul 17, 2007 3:26pm Jul 17, 2007 3:26pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
