DislikedI pitty da fool. Chau, I am off to the hot humid mosquito infested vortex of Paraguay.Ignored
Have a good and safe trip.
Tom
- #7,622
- Nov 13, 2007 10:09am Nov 13, 2007 10:09am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
How far is it going to retrace before falling again.....
230.20, 232.50,234.20...?
I'd love to see 234, but that might be wishful thinking...
Trade wisely, many pips....
230.20, 232.50,234.20...?
I'd love to see 234, but that might be wishful thinking...
Trade wisely, many pips....
- #7,623
- Nov 13, 2007 10:25am Nov 13, 2007 10:25am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
long trading opportunity after you closed your gj shorts.....!
BUOVB on 4hr, retrace to almost 50fib (red arrow), long, boom till next ppz for some 200ps if you're patient and have a proper mindset....
.
BUOVB on 4hr, retrace to almost 50fib (red arrow), long, boom till next ppz for some 200ps if you're patient and have a proper mindset....
.
- #7,624
- Nov 13, 2007 10:36am Nov 13, 2007 10:36am
How far is it going to retrace before falling again.....
230.20, 232.50,234.20...?
I'll settle for that.
Tom
(pardon my photoshop skills.
)
- #7,625
- Nov 13, 2007 11:18am Nov 13, 2007 11:18am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
long trading opportunity after you closed your gj shorts.....!
Trust price. Know yourself.
- #7,627
- Nov 13, 2007 5:16pm Nov 13, 2007 5:16pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Well, let's at least close the gap !!!!!!! My Target is just before closing the gap...
How far is it going to retrace before falling again.....
230.20, 232.50,234.20...?
I'd love to see 234, but that might be wishful thinking...
Trade wisely, many pips....
- #7,628
- Nov 13, 2007 5:20pm Nov 13, 2007 5:20pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
4hr pin about to fail on GBP/USD. Entry would have been triggered after pin appeared at previous support (now resistance) and the 38 fib from the highs to the lows.
Glad I don't trade this TF.
Wasn't really a "true" setup if you ask me, just a bit of s/r bouncing (look to the left for 4h lows + the fib) along the way of the retrace..
Watching the 50-61% area much more intently
Btw, there WAS a PB on "your" TF at the same time though, and really nice looking in comparison, too...a 1h PB at 15:00 GMT
Moved a bit more than it's size then came right on back
Btw, hadn't really thought of today's retrace fest as being a "gap close" move yet..interesting..
Note - this chart is not to show a setup(ew, no, wrong place), just the bar.
Trust price. Know yourself.
- #7,629
- Nov 13, 2007 7:38pm Nov 13, 2007 7:38pm
Btw, there WAS a PB on "your" TF at the same time though, and really nice looking in comparison, too...a 1h PB at 15:00 GMT
Moved a bit more than it's size then came right on back
- #7,630
- Nov 14, 2007 6:14am Nov 14, 2007 6:14am
good work michael!
thats what i said to myeslf - i got a bit nervous checking my account few hours ago watching cable trying to close the gap - was i happy that it dropped like a 500KG stone? try to guess..
i aint letting this trade to scarry me, it will work out - until when?
next PA that will tell me that it is definitley going to reverse on me.
just some thoughts
PA IS Price Analysis but also Pips Amigo..
thats what i said to myeslf - i got a bit nervous checking my account few hours ago watching cable trying to close the gap - was i happy that it dropped like a 500KG stone? try to guess..
i aint letting this trade to scarry me, it will work out - until when?
next PA that will tell me that it is definitley going to reverse on me.
just some thoughts
PA IS Price Analysis but also Pips Amigo..
- #7,632
- Nov 14, 2007 10:48am Nov 14, 2007 10:48am
Hi everyone,
after having been stopped out on the positions I posted for +250 pips (went down after +550 pips), I entered AUDCAD because of a pinbar. I entered on a break and am now +25 pips in the positive but there is a counter pinbar forming after hitting resistance. I always heard that smaller timeframe pinbars should not be a reason for getting out but I think exiting now might be the best option because we are in a downtrend and the counterpin looks valid.
Chris
PS: Do you guys also have this huuuuuuuge spike on AUDCAD on august 31? It messes up my charts.
IMO, smaller timeframe pinbars usually shouldn't be a reason for you to exit, but based on your chart the pin bar forming is the same timeframe, right? Both on the Daily. But the daily is still a while away from closing. If it does close as a pin then you need to decide what you're going to do. That's really up to you and what your exit strategy/method is.
PS:I don't see a big spike for the AUDCAD on my charts.
Tom
- #7,633
- Nov 14, 2007 12:02pm Nov 14, 2007 12:02pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Hi everyone,
after having been stopped out on the positions I posted for +250 pips (went down after +550 pips), I entered AUDCAD because of a pinbar. I entered on a break and am now +25 pips in the positive but there is a counter pinbar forming after hitting resistance.
Hey Chris...
until there actually is one, it's all intraday noise. Don't panic
And if one does form, you can always adjust your stops accordingly.
This is my current AUDCAD chart including that TL I posted ages ago and the s/r from it and the reactions we had at it in the meantime (chart remained preeeeeetty valid over the last 2-6 weeks, I like it when they do that
- I did add the upper blue box swab just now, but the TL second touch and rejection was all the chart on it's own)
Trust price. Know yourself.
- #7,635
- Nov 14, 2007 4:54pm Nov 14, 2007 4:54pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #7,636
- Nov 14, 2007 6:13pm Nov 14, 2007 6:13pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Hey Hippster... I guess you felt all the rumbling around down there in nothern Chile !!!
Hey, don't worry... that was just the sound of me cashing in a bunch of pips on my GBP/JPY....!!!
There WILL be aftershocks !!!!
I never knew micro-accounts could make so much noise... Mr. Trend
- #7,637
- Nov 14, 2007 7:02pm Nov 14, 2007 7:02pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Hey... that $ 20 bucks is lot of % in my account !!! I am drinking an extra margarita cause of that !!!
Don't worry... I'm catchin up to you...! Next year a semi micro mini account !
Does he really know how big my account is ????
Don't worry... I'm catchin up to you...! Next year a semi micro mini account !
Does he really know how big my account is ????
Oh Lord.
- #7,638
- Nov 14, 2007 8:46pm Nov 14, 2007 8:46pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Hey... that $ 20 bucks is lot of % in my account !!! I am drinking an extra margarita cause of that !!!
Don't worry... I'm catchin up to you...! Next year a semi micro mini account !
Does he really know how big my account is ????
I'm just teasin' bro...I wouldn't be surprised in the least if you weren't actually pro acting like you've only got a few years instead... there's a few on here like that...
Mr. Trend
- #7,639
- Nov 15, 2007 12:29pm Nov 15, 2007 12:29pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Dunno if anyone remembers. Posted this somewhere in September I think?
Was expecting a much sharper direct followthrough, turns out price took a detour and retraced back to the TL one last time...how very UNUSUAL...NOT! Hehehehe...did the usuall stall-and-fall dance after failing to get back up above it solidly, then proceeded to fill out my chart as planned - just shifted about 4 weeks to the right
So sorry, the arrows weren't obeyed by price, but I did try my best
The text and reasoning however remained sound.
To which I say: coolies.
I think I'll just do a star wars...post the trilogy
Basically when I posted Part II we had fulfilled the FE 161.8 target and completed most likely a third (sub-)wave. So I snapped and posted the chart EXACTLY on the turning point. Then price corrected in a fourth => that's the TL retest => then proceeded down in probably a fifth wave, which is the currently ongoing one.
This sorta voids my ABC logic since we seem to be making a whole new waveset => this might not be a correction. This might be a whole new game.
Actually the wavecount is completely irrelevant for the whole chart, the crucial toggles imho were the trendlines. But the wave projection was hit perfectly for the subwave to 2.35, so hey, ya know? At least it did something
EW is still just a hobby =)
The tech drawing needs to work.
Was expecting a much sharper direct followthrough, turns out price took a detour and retraced back to the TL one last time...how very UNUSUAL...NOT! Hehehehe...did the usuall stall-and-fall dance after failing to get back up above it solidly, then proceeded to fill out my chart as planned - just shifted about 4 weeks to the right
So sorry, the arrows weren't obeyed by price, but I did try my best
The text and reasoning however remained sound.
To which I say: coolies.
I think I'll just do a star wars...post the trilogy
Basically when I posted Part II we had fulfilled the FE 161.8 target and completed most likely a third (sub-)wave. So I snapped and posted the chart EXACTLY on the turning point. Then price corrected in a fourth => that's the TL retest => then proceeded down in probably a fifth wave, which is the currently ongoing one.
This sorta voids my ABC logic since we seem to be making a whole new waveset => this might not be a correction. This might be a whole new game.
Actually the wavecount is completely irrelevant for the whole chart, the crucial toggles imho were the trendlines. But the wave projection was hit perfectly for the subwave to 2.35, so hey, ya know? At least it did something
EW is still just a hobby =)
The tech drawing needs to work.
Trust price. Know yourself.
- #7,640
- Nov 15, 2007 3:13pm Nov 15, 2007 3:13pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
