HM, i was with you got in twce the first one for a small loss and reshorted at 71. Nice bro....
(great any way)
Let's Pimp some Pips!
- #843
- Oct 24, 2007 11:33pm Oct 24, 2007 11:33pm
- | Commercial User | Joined Jun 2007 | 3,549 Posts
hm what do you think on 4h charts
i think they are pretty !
its goin to set a range for early/mid ldn to brk it
im glad to see some of u made the tgt range i gave btw 30-50 pips
ok bbl
- #844
- Oct 25, 2007 12:27am Oct 25, 2007 12:27am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
watch the MP on g/j--could bounce off from there
if i/we get a long signal today--it will be a powerful one--to Karmos tgts
from what i see--shorts are still in play-- but this time (btw tokyo lunch and ldn open) it usually sets a range-- and ill be looking for a brkout complemented with signals
ill go long on my 15min signal from here--goin for a nap--alarms set ! (now just need to make sure i wake up )
ps--ill be keeping any eye for close and cont below MP too
if i/we get a long signal today--it will be a powerful one--to Karmos tgts
from what i see--shorts are still in play-- but this time (btw tokyo lunch and ldn open) it usually sets a range-- and ill be looking for a brkout complemented with signals
ill go long on my 15min signal from here--goin for a nap--alarms set ! (now just need to make sure i wake up
)ps--ill be keeping any eye for close and cont below MP too
- #848
- Oct 25, 2007 1:25am Oct 25, 2007 1:25am
- Joined Apr 2007 | Status: Trader | 1,016 Posts
good luckto both of us
My GJ long trade (before I saw your post to go short!) did turn out OK for me, as did your short for you.
From this picture, you can see two converging H1 trendlines. The two arrows show perfect bounces between them, and then a breakout downwards (which you benefited from).
Fortunately, I hung on for +11 net (peak was +18). Your short call was obviously much better, and you hit your target. Good for us both.
The two trendlines may be relevant for your current long trades. Price is holding up just this moment at 233.55 where the trendlines cross!
- #857
- Oct 25, 2007 2:04am Oct 25, 2007 2:04am
- Joined Apr 2007 | Status: Trader | 1,016 Posts
Hi HM,
Based on what I can tell about your system, I set up a chart template with 200sma, 200ema, 100sma, 100ema, 50sma, 50ema, and 5sma. (Any other MA's I should add?)
I then set up 3 rows by 6 columns. The top row is GU, middle is UJ, bottom is GJ. The columns, from left to right, are M5, M15, M30, H1, H4, Daily.
I have ZUP for the Gartley patterns on Daily, H4 and H1 (should I also do smaller timeframes? ZUP is fairly new to me, and CPU intensive!)
For the MA's, I have solid for sma's and dashed for emas. I use DarkGoldenRod for 200's, HotPink for 100's and Green for the 50's.
I am finding this is REALLY COOL to watch real-time how the support/resistances of the MA's make a difference to price action on the inter-related 3 pairs.
GJ and UJ track each other most of the time (i.e. correlation is very high). The only exception is when GU makes some big move in either direction. If you can see that GU is heading upwards, and UJ is holding steady, then GJ will move up to keep pace with GU's upward movement. If UJ then starts to move up, that adds to the momentum. If GU stops and heads down, UJ might accelerate upwards and/or GJ will head down. It's all very tricky but seeing them together like this is starting to make some sense of it for me.
So sometimes when GJ is holding up, the MA might be obvious on one of the GJ timeframes, but it might instead be an S/R on either the UJ or GU charts instead. By having them all visible (although VERY tiny, alas), I am getting a better understanding of price action.
Check out my screenshot of one of my 22" monitors (I have 5 total )
Pips4life
Based on what I can tell about your system, I set up a chart template with 200sma, 200ema, 100sma, 100ema, 50sma, 50ema, and 5sma. (Any other MA's I should add?)
I then set up 3 rows by 6 columns. The top row is GU, middle is UJ, bottom is GJ. The columns, from left to right, are M5, M15, M30, H1, H4, Daily.
I have ZUP for the Gartley patterns on Daily, H4 and H1 (should I also do smaller timeframes? ZUP is fairly new to me, and CPU intensive!)
For the MA's, I have solid for sma's and dashed for emas. I use DarkGoldenRod for 200's, HotPink for 100's and Green for the 50's.
I am finding this is REALLY COOL to watch real-time how the support/resistances of the MA's make a difference to price action on the inter-related 3 pairs.
GJ and UJ track each other most of the time (i.e. correlation is very high). The only exception is when GU makes some big move in either direction. If you can see that GU is heading upwards, and UJ is holding steady, then GJ will move up to keep pace with GU's upward movement. If UJ then starts to move up, that adds to the momentum. If GU stops and heads down, UJ might accelerate upwards and/or GJ will head down. It's all very tricky but seeing them together like this is starting to make some sense of it for me.
So sometimes when GJ is holding up, the MA might be obvious on one of the GJ timeframes, but it might instead be an S/R on either the UJ or GU charts instead. By having them all visible (although VERY tiny, alas), I am getting a better understanding of price action.
Check out my screenshot of one of my 22" monitors (I have 5 total
)Pips4life
