Daytrading the US/overlap session | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Average Overlap Indicator 0 replies

Overlap - Background the objects 0 replies

2 strategies overlap - is that right? 1 reply

Overlap Charts 5 replies

How to overlap one indicator over another 2 replies

Attachments: Daytrading the US/overlap session
Exit Attachments

Daytrading the US/overlap session

  • #1
  • First Post: Aug 19, 2008 1:47pm Aug 19, 2008 1:47pm
First posted on 8/18/08 and we will be building on this, this page will be updated at the end of the US session and before the start of the US session

Looks like we are heading down, lower lows are in play. However, I am not placing any trade, I rather place a buy if we don't break 1.8511, which I expect to hold. If 1.8511 is not broken, it signals a countertrend move, where I would target the weekly pivot at 1.8796 as the first TP.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1219036163
  • #2
  • Aug 19, 2008 2:06pm Aug 19, 2008 2:06pm
Buy order placed at 1.8575 @ 9:10am

Possibly on our way to the weekly pivot at 1.8796:
Attached Image (click to enlarge)
Click to Enlarge Name: Countertrend.JPG Size: 119 KB
  • #3
  • Aug 19, 2008 7:06pm Aug 19, 2008 7:06pm
Update on position:
Attached Image (click to enlarge)
Click to Enlarge Name: countertrend.JPG Size: 121 KB
  • #4
  • Aug 20, 2008 3:18pm Aug 20, 2008 3:18pm
Possible triple bottom on the 4hr?
Attached Image (click to enlarge)
Click to Enlarge Name: Triple Bottom.JPG Size: 112 KB
  • #5
  • Aug 20, 2008 3:21pm Aug 20, 2008 3:21pm
Quoting AmeriTrini
Possible triple bottom on the 4hr?
Yes possible! I'm also noticing lower highs. The convergence in here and she's going to make a decision soon!
Just digging in the trenches like everyone else!
  • #6
  • Aug 20, 2008 10:59pm Aug 20, 2008 10:59pm
Series of lower lows: Currently hedged in.
Attached Image (click to enlarge)
Click to Enlarge Name: Lower lows.JPG Size: 127 KB
  • #7
  • Aug 20, 2008 11:15pm Aug 20, 2008 11:15pm
Quoting AmeriTrini
Series of lower lows: Currently hedged in.
That's what I'm seeing! Glad to see you posted the chart that way. I just got in and was getting ready to post the exact same setup.
Just digging in the trenches like everyone else!
  • #8
  • Aug 20, 2008 11:23pm Aug 20, 2008 11:23pm
Quoting eohater
That's what I'm seeing! Glad to see you posted the chart that way. I just got in and was getting ready to post the exact same setup.
No prob. post your chart anyway, might have something that I don't.....
  • #9
  • Aug 20, 2008 11:38pm Aug 20, 2008 11:38pm
Lower highs and higher lows. Forming a bearish pennant. Purely technically, she should break the lowest low. I would expect a quick bounce should we break the 1.851x area. Possible touch at 1.848x and bounce back for a quick 20-30 pips or more. I wouldn't get too greedy if we should have such a bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 73 KB
Just digging in the trenches like everyone else!
  • #10
  • Aug 20, 2008 11:56pm Aug 20, 2008 11:56pm
Quoting AmeriTrini
Possible triple bottom on the 4hr?
You might have something on this triple bottom. It's been a long fall and time for some change. I don't know if we'll see it tonight, but it's possible. I would really like to see it retest the 1.851x area then shoot back north into the weekend!

The lower highs during the Asian session is throwing me into the pennant formation. I thought we would see the 1.868x area again during the Asian session.
Just digging in the trenches like everyone else!
  • #11
  • Aug 21, 2008 9:32am Aug 21, 2008 9:32am
Quoting AmeriTrini
Buy order placed at 1.8575 @ 9:10am

Possibly on our way to the weekly pivot at 1.8796:
Nice call! The triple bottom was the correct setup. I hope you hit your target. I missed the ride up unfortunately, I kept my shorts on and they were closed for a profit, but not as big of a profit as your call was.

Good job bro!
Just digging in the trenches like everyone else!
  • #12
  • Aug 21, 2008 11:08am Aug 21, 2008 11:08am
The profit was not as big as I expected, because of the hedge, I did manage to get more than 150 pips though!!!

thanks for your input...........
  • #13
  • Aug 21, 2008 12:26pm Aug 21, 2008 12:26pm
Quoting AmeriTrini
The profit was not as big as I expected, because of the hedge, I did manage to get more than 150 pips though!!!

thanks for your input...........
150 is good though!
Just digging in the trenches like everyone else!
  • #14
  • Aug 21, 2008 11:58pm Aug 21, 2008 11:58pm
All trades closed, waiting for new setups, intending to buy on a dip.
  • #15
  • Aug 23, 2008 4:15pm Aug 23, 2008 4:15pm
Quoting AmeriTrini
The profit was not as big as I expected, because of the hedge, I did manage to get more than 150 pips though!!!

thanks for your input...........
good work jamine, ery happy to hear u gained pips and exited b4 we came back down...once again u show how experienced a trader u are..

welldone bro
  • #16
  • Aug 25, 2008 3:54pm Aug 25, 2008 3:54pm
Hey you've started your own thread!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #17
  • Aug 25, 2008 4:00pm Aug 25, 2008 4:00pm
Well I I'm thinking we have a nice bullish set up still got a way to go till close and id like it higher but this candle has space.
What do you reckon Jamie?
Attached Image (click to enlarge)
Click to Enlarge Name: cable daily ,25,08.gif Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #18
  • Aug 26, 2008 2:23pm Aug 26, 2008 2:23pm
Quoting Bones
Hey you've started your own thread!

Yes Tone, I have but, I'm having conflicting schedules at the moment, it should be straightened out within a week, and I will be able to devot alot more time to this. So, STAY TUNED!!

I am going to be giving live call signals soon!!!!!.

  • #19
  • Aug 26, 2008 3:08pm Aug 26, 2008 3:08pm
I think this would be a great thread I am in
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #20
  • Aug 27, 2008 4:10am Aug 27, 2008 4:10am
Fully tuned in and looking forward to it J


Quoting AmeriTrini
Yes Tone, I have but, I'm having conflicting schedules at the moment, it should be straightened out within a week, and I will be able to devot alot more time to this. So, STAY TUNED!!

I am going to be giving live call signals soon!!!!!.

On-site guru & also FF member's' psychiatrist, when not drinking tea
0 traders viewing now