Price is pulling up I am expecting price to hold nicely at the 24 ema...it might go over a bitt...but as long as the 8 ema does not cross the 24 ema the short market is still looking good even if we do surpass the 24 ema by a bit..
- #1,324
- Jun 11, 2008 1:12am Jun 11, 2008 1:12am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Hi Shermenator
I seeing much the same as you and I'm thinking long on the yen after a pull back, how do you see it?
I was expecting a deeper pullback but it just did not happen i just clsed my trade when the swing fibb hit its target....
I made 29 pips on the trade and 45 on the gbp/jpy since we also had a nice bounce up....
I took the breack of the high....
I was expecting a deeper pullback but it just did not happen i just clsed my trade when the swing fibb hit its target....
I made 29 pips on the trade and 45 on the gbp/jpy since we also had a nice bounce up....
Attachment
Nice work
maybe now its the cables turn!
- #1,327
- Jun 11, 2008 2:59am Jun 11, 2008 2:59am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Or it could just go and stop me out
Thats Trading!
Also price overran yesterday surpasing the intradays target 2...
I ussually expect a resanable pullback to the intraday levels or a complete reversal day...
- #1,328
- Edited 4:27am Jun 11, 2008 3:41am | Edited 4:27am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Nice work
Todays results....4 trades ...
3 closed for positive pips....
1 trade is looking good I am on the plus side
Closed it with 10 pips positive...
- #1,330
- Jun 12, 2008 12:05am Jun 12, 2008 12:05am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Looking bearish....
Yesterdays movement up did not finda any support at all of any of the levels and has now crossed to the bearish....I am now waiting for a rejection of tmy ema or the breack of the low of this swing....
Yesterdays movement up did not finda any support at all of any of the levels and has now crossed to the bearish....I am now waiting for a rejection of tmy ema or the breack of the low of this swing....
- #1,331
- Jun 12, 2008 5:44pm Jun 12, 2008 5:44pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Looks like the bearish sentiment is loosing power as I am getting a cross of my 12 and 8 ema...price has lost momentum....also price is going up against a major trendline of resistance...and lastly we are currently going up against pivot of resistance. Unless my gann line does not breack i will not take a reversal of today....seems a bitt bullish as of right now...but to early for me to take action i will wait for franky for trur confirmation...we also have a bullish trendline on the market holding from the daily chart and we bounced from it yesterday....
Longer term bearish untill 61.8 fibb does not breack...
recent movement bullish but not enough yet for me to believe it a reversal yet.
Near franky time i will know...
Longer term bearish untill 61.8 fibb does not breack...
recent movement bullish but not enough yet for me to believe it a reversal yet.
Near franky time i will know...
- #1,332
- Edited Jun 13, 2008 6:37pm Jun 12, 2008 8:18pm | Edited Jun 13, 2008 6:37pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Price has slow down at the pivot and momentum on the bullish side has slow down...also we had a rejection of a main trendlin from 3 days ago....
we are also about to get the 8 ema and 12 ema crossing back down and that shows that bears are starting to add factor into the market also price foubd resistance at the 24 ema......
to have a secure entry on the bearish side i would wait for the upward trendline foremed from yesterday to break. Antything before that is not high probaility.Lastly what shows be that this trend is still holding is that fact that target of yestreday got hit to the pip. Also any trade taken in a short position today you have to factor in the major trend line from below. That means take care of all your pips and guard profits if price does decide to come down today.
we are also about to get the 8 ema and 12 ema crossing back down and that shows that bears are starting to add factor into the market also price foubd resistance at the 24 ema......
to have a secure entry on the bearish side i would wait for the upward trendline foremed from yesterday to break. Antything before that is not high probaility.Lastly what shows be that this trend is still holding is that fact that target of yestreday got hit to the pip. Also any trade taken in a short position today you have to factor in the major trend line from below. That means take care of all your pips and guard profits if price does decide to come down today.
- #1,336
- Edited 3:05pm Jun 14, 2008 1:14pm | Edited 3:05pm
Hi ya Everyone,
Could all help out with giving your different types of strategies for exiting your trades once they are going in your direction with the CF system?..I'm having problems with panicking and taking profits to soon and as a result missing out on some really large moves with the CF system
..
thanx,
Adrian
Could all help out with giving your different types of strategies for exiting your trades once they are going in your direction with the CF system?..I'm having problems with panicking and taking profits to soon and as a result missing out on some really large moves with the CF system
..thanx,
Adrian
- #1,337
- Jun 14, 2008 4:32pm Jun 14, 2008 4:32pm
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Hi ya Everyone,
Could all help out with giving your different types of strategies for exiting your trades once they are going in your direction with the CF system?..I'm having problems with panicking and taking profits to soon and as a result missing out on some really large moves with the CF system
thanx,
Adrian
I also only take bounces when they match up with a a fib levels for a higher probability trade...
- #1,340
- Jun 15, 2008 1:08am Jun 15, 2008 1:08am
Hi ya Everyone,
Could all help out with giving your different types of strategies for exiting your trades once they are going in your direction with the CF system?..I'm having problems with panicking and taking profits to soon and as a result missing out on some really large moves with the CF system
thanx,
Adrian