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  • #2,121
  • Aug 4, 2008 11:00am Aug 4, 2008 11:00am
Quoting faq123
Ok,

My no-brainer questions have filtered through I think. Candle "a" is the "up close on the 1 hour bar". On my platform is closes at 107.11 which is pretty close to 107.16 the resistance. So I assume that you went short during candle "a" as it hit the resistance level of 107.16 and closed the position on the close of the candle at 107.11 for the few pips. Correct?

So is candle "d" still first sign of support?

Thanks, slowly getting there I hope.
Hi,

Just to clarify why I ask about candle "d" I'm wondering if you see support on lower TF e.g. 5 min. On my platform during candle "b" we have what might be considered support being established within 10 minutes of the break of 107.16. Sorry for any confusion.

BRV so that I can frame my questions correctly which MT4 platform do you use?

Thanks,
  • #2,122
  • Aug 4, 2008 11:05am Aug 4, 2008 11:05am
Got into this last night, moved SL to BE few minutes ago.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d1.gif Size: 26 KB
Click to Enlarge Name: hr1.gif Size: 25 KB
  • #2,123
  • Aug 4, 2008 11:12am Aug 4, 2008 11:12am
Hi all
shorted USD/CAD at 1.0353 maybe I am wrong........any comments please
BANDA333
  • #2,124
  • Aug 4, 2008 11:13am Aug 4, 2008 11:13am
wow, that was an almost perfect scalp (+43) I made on cable this morning. I'm not suprised it plunged below 1.9660. Next support I see is 1.9420.

My eur/usd short from this morning is up +46.
  • #2,125
  • Aug 4, 2008 11:14am Aug 4, 2008 11:14am
Closed half at +50 pips, letting the rest run. Looking for 104.00 or slightly better.
  • #2,126
  • Aug 4, 2008 11:16am Aug 4, 2008 11:16am
You nailed it Len. Good trade! I'm willing to short below 1.96
  • #2,127
  • Aug 4, 2008 11:19am Aug 4, 2008 11:19am
I just closed eur/usd short @ 1.5569 +46.

The reason I closed it is it looks a bit oversold on weekly.
  • #2,128
  • Aug 4, 2008 11:20am Aug 4, 2008 11:20am
Quoting len979
wow, that was an almost perfect scalp (+43) I made on cable this morning. I'm not suprised it plunged below 1.9660. Next support I see is 1.9420.

My eur/usd short from this morning is up +46.

LOL........You are on fire Lenny !!!
  • #2,129
  • Aug 4, 2008 11:21am Aug 4, 2008 11:21am
Quoting seesaw
You nailed it Len. Good trade! I'm willing to short below 1.96
Thanks.

Hmm I wonder if usd/jpy breaks out above 108.40. It's already tested this level a few times
  • #2,130
  • Aug 4, 2008 11:25am Aug 4, 2008 11:25am
Quoting BANDA
Hi all
shorted USD/CAD at 1.0353 maybe I am wrong........any comments please
I have the same level marked, -1 pip.
Strictly S/R-wise, it's a No Brainer to me ( at least for 20-30 pips). but, I'm not taking it with oil losing its mind. Think I'll wait for CAD drop to 1.0323 area and see if it sticks for a long. I'm just not comfortable being short dollars in this market. I've said it a few times now. I know that's going to cost me some trading opportunities, but I think it's the safest play right now.
But, also as I've said, my opinion should be taken with an entire salt block.
  • #2,131
  • Aug 4, 2008 11:25am Aug 4, 2008 11:25am
Quoting kimmy
LOL........You are on fire Lenny !!!
Thanks.... just trying.
  • #2,132
  • Aug 4, 2008 11:32am Aug 4, 2008 11:32am
Won't be suprised if gbp/jpy plunges to 209.30. It looks like it hit major resistance on monthly and weekly
  • #2,133
  • Aug 4, 2008 11:35am Aug 4, 2008 11:35am
Quoting kimmy
YIPPEEEEE !!

sold eu at 5630 .............lovely ride !
Nice one Kimmy caught it to the pip!
Time hides Nothing
  • #2,134
  • Aug 4, 2008 11:41am Aug 4, 2008 11:41am
Ty very much for your input........ty


Quoting finswin56
I have the same level marked, -1 pip.
Strictly S/R-wise, it's a No Brainer to me ( at least for 20-30 pips). but, I'm not taking it with oil losing its mind. Think I'll wait for CAD drop to 1.0323 area and see if it sticks for a long. I'm just not comfortable being short dollars in this market. I've said it a few times now. I know that's going to cost me some trading opportunities, but I think it's the safest play right now.
But, also as I've said, my opinion should be taken with an entire salt block.
BANDA333
  • #2,135
  • Aug 4, 2008 11:42am Aug 4, 2008 11:42am
I'm feeling very bullish about cable at slightly lower levels than here. I'll start buliding a relatively big position at 1.9574 all the way down to 1.9350 (if it gets there) Monthly chart looks bullish
  • #2,136
  • Aug 4, 2008 12:00pm Aug 4, 2008 12:00pm
Looks like loonie is breaking out on daily, but breakout won't be confirmed until it stays above 103.90 for a few days imo
  • #2,137
  • Aug 4, 2008 12:00pm Aug 4, 2008 12:00pm
Quoting len979
I'm feeling very bullish about cable at slightly lower levels than here. I'll start buliding a relatively big position at 1.9574 all the way down to 1.9350 (if it gets there) Monthly chart looks bullish
This looks like a nice little area.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 37 KB
  • #2,138
  • Aug 4, 2008 12:01pm Aug 4, 2008 12:01pm
Anybody watching the GBPCHF?
Seems like buying opportunity if it weren't for news coming out tomorrow I would be in...
  • #2,139
  • Aug 4, 2008 12:05pm Aug 4, 2008 12:05pm
Short usd/cad 1.0355.
Going for the third scalp today. There's a little resistance here on daily. Looking for +40 - +60 pips
  • #2,140
  • Aug 4, 2008 12:11pm Aug 4, 2008 12:11pm
Quoting zarni
Anybody watching the GBPCHF?
Seems like buying opportunity if it weren't for news coming out tomorrow I would be in...
Thanks for the heads up on gbp/chf... I had overlooked it.
I see support at 204.30.
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