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  • #6,901
  • Edited 12:38pm Dec 17, 2008 11:21am | Edited 12:38pm
USDCHF

Potential retrace from 10700 area coming up soon.

ETA: Although you could argue that the earlier retrace within 50pips of this level may have reduced the number of buyers.
  • #6,902
  • Dec 17, 2008 12:02pm Dec 17, 2008 12:02pm
yupps... seen that one and popped in my mind this is what BRV refers to as "stacking bricks"
in fact I did not look at the daily low but at the bounce from the range.

I got in a little late and got stopped out at BE - and was not around so missed the huge move again, hehh, that's what I call frustration.

Quoting cliffedwards
Anyone play the EJ bounce off the day low? 50 pips in 7 minutes..
I hope so.. it doesnt get anymore obvious or textbook than that.
..and fellas, Im NOT being a smartass after the event.. just look at your 5/15 m.
I just logged in and spotted it literally a minute before it happened..so sorry no alert..

Lets keep looking..
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forget about tomorrow, just steal away into the night
  • #6,903
  • Dec 17, 2008 1:16pm Dec 17, 2008 1:16pm
Quoting cliffedwards
Anyone play the EJ bounce off the day low? 50 pips in 7 minutes..
I hope so.. it doesnt get anymore obvious or textbook than that.
..and fellas, Im NOT being a smartass after the event.. just look at your 5/15 m.
I just logged in and spotted it literally a minute before it happened..so sorry no alert..

Lets keep looking..
Hey Cliff,
I did and picked up ++135. Got out at the 78.6 FIB. Simply A Perfect Sam Seiden Textbook Trade.

Mike G
Attached Image
  • #6,904
  • Dec 17, 2008 1:37pm Dec 17, 2008 1:37pm
Quoting Matrixxdg
Hey Cliff,
I did and picked up ++135. Got out at the 78.6 FIB. Simply A Perfect Sam Seiden Textbook Trade.

Mike G
lol perfect exit
  • #6,905
  • Dec 17, 2008 3:04pm Dec 17, 2008 3:04pm
Quoting Shermenator
lol perfect exit
Only because of you and your fib lesson...thanks Sherm.

MG
  • #6,906
  • Dec 17, 2008 6:28pm Dec 17, 2008 6:28pm
Morning,

What a day yesterday Usd bombed again and cable hit my stop.

I continue to hold my CHf short and Eur/Usd long scaling out along the way: and Usd/jpy Short (crazy times)

Eur/jpy hasn't taken off yet and I'm hesitant to enter with the expected rate cuts coming out of Japan.

Another pair that has broken through a major R level is AUD/USD. If this keeps breaking up there is a minor 38.2 fib level to be aware of @ 1.7475

Trade well guys.
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  • #6,907
  • Dec 17, 2008 8:19pm Dec 17, 2008 8:19pm
Quoting Matrixxdg
Hey Cliff,
I did and picked up ++135. Got out at the 78.6 FIB. Simply A Perfect Sam Seiden Textbook Trade.

Mike G
Lucky B**** LoL I ony got 50ish and spent the rest of the day p***ing about in cross trades when all hell was breaking loose in E$ and everything else.. ended up nothing but with my initial "punt" .. as RC would say.. LoL
Well there is always tomorrow....

Sherm.. I'd Better sign up for some of those lessons too.. LoL
spekitox.. not to worry.. win some loose some.. and boy have I done both....
Sorry Libb .. didnt see your question..but yes.. RC inferred correctly...

Hope ya'all had a good day..
  • #6,908
  • Dec 18, 2008 2:22am Dec 18, 2008 2:22am
Hi guys,

I am looking at a bounce somewhere around the .6100 area but not sure how to play it - this is a daily chart and the range is far to big for me as far as setting a stop ... any suggestions on how to trade this area ?

Looking back to 10th Nov (on the 1H chart) price really fell away quickly from .6045 so would you look to fade there or wait for the bigger numbers just above ie. around .6100 ?

Thanks
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  • #6,909
  • Edited 4:27am Dec 18, 2008 2:54am | Edited 4:27am
Quoting Willowgal
Hi guys,

I am looking at a bounce somewhere around the .6100 area but not sure how to play it - this is a daily chart and the range is far to big for me as far as setting a stop ... any suggestions on how to trade this area ?

Looking back to 10th Nov (on the 1H chart) price really fell away quickly from .6045 so would you look to fade there or wait for the bigger numbers just above ie. around .6100 ?

Thanks
I have neglected the Kiwi recently so I don't have a chart to post but look at the daily chart there's a nice trend line cutting around 6032 that everyone will see. Alternatively try a Fib retracement - there is a level around 6080-6180. It depends where you start from of course.

ETA: 6078 38.32 Fib worth 60max pips on the retrace.
  • #6,910
  • Dec 18, 2008 3:24am Dec 18, 2008 3:24am
Quoting RedCabbage
I have neglected the Kiwi recently so I don't have a chart to post but look at the daily chart there's a nice trend line cutting around 6032 that everyone will see. Alternatively try a Fib retracement - there is a level around 6080-6180. It depends where you start from of course.
Thanks RedCabbage

With the absence of BRV recently what does anyone say about a few getting organised where we can post levels for maybe just 2 or 3 of the pairs and try to work together in targeting forthcoming trades? Both long term levels and intra day ? I have noticed that since our leader stopped posting his levels I have lost a bit of direction at times without his great 'starting point' for the day.

It is fine people just posting the odd trade before or after randonly on here but there may be more benefit (and learning) for us all if we worked together.

There is a free chatroom (which I havn't been in yet) where around 50 traders discuss trading, show charts etc. in real time and I think it is mainly S/R based method - click CHATROOM at forex4noobs.com ... anyone on here get in there ?

I will take a look today ... and it is free and there is no catch (I don't think
  • #6,911
  • Dec 18, 2008 3:29am Dec 18, 2008 3:29am
Quoting Willowgal
Thanks RedCabbage

With the absence of BRV recently what does anyone say about a few getting organised where we can post levels for maybe just 2 or 3 of the pairs and try to work together in targeting forthcoming trades? Both long term levels and intra day ? I have noticed that since our leader stopped posting his levels I have lost a bit of direction at times without his great 'starting point' for the day.

It is fine people just posting the odd trade before or after randonly on here but there may be more benefit (and learning) for us...
I've been trying to drum up some momentum in here but end up feeling as though I'm talking too much when others don't chip in.

The time of year and recent volatility seems to be shaking people's confidence recently. The new year might have a bit more life.

I'll still keep plugging away in the meantime. I'll sort out some levels I'm looking at today.
  • #6,912
  • Dec 18, 2008 4:21am Dec 18, 2008 4:21am
Quoting RedCabbage
I've been trying to drum up some momentum in here but end up feeling as though I'm talking too much when others don't chip in.

The time of year and recent volatility seems to be shaking people's confidence recently. The new year might have a bit more life.

I'll still keep plugging away in the meantime. I'll sort out some levels I'm looking at today.
I know what you mean about feeling you are on your own some times.... there are still a few of us that certainly log onto the thread everyday - have a look at that free webinar/chatroom on the site I mentioned in previous post... maybe in the New Year we could set one up for a few of us to chat and show charts realtime?

I will look into how much it costs. What they are doing on there is great, but I would want a separate one for our BRV trading.

Would anyone interested in getting involved please PM me.

Thanks

PS. Steve (BRV) ... if you are out there, please let us know what you think ?
  • #6,913
  • Dec 18, 2008 4:24am Dec 18, 2008 4:24am
While I'm looking at my levels someone threw a match in the firework box again!

Anyway I couldn't ask for a better break out and retrace than this - I only wish I was in it.
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  • #6,914
  • Dec 18, 2008 4:51am Dec 18, 2008 4:51am
Quoting Willowgal
Hi guys,

I am looking at a bounce somewhere around the .6100 area but not sure how to play it - this is a daily chart and the range is far to big for me as far as setting a stop ... any suggestions on how to trade this area ?

Looking back to 10th Nov (on the 1H chart) price really fell away quickly from .6045 so would you look to fade there or wait for the bigger numbers just above ie. around .6100 ?

Thanks
Well it bounced from my 'zone' for 80 + pips but I missed it
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  • #6,915
  • Dec 18, 2008 6:14am Dec 18, 2008 6:14am
This pair has been in a pennant for a while now. Talk of JPY currency intervention caused the spike earlier.

Will it ultimately break the TL or dive back down again?
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  • #6,916
  • Dec 18, 2008 7:05am Dec 18, 2008 7:05am
Quoting Willowgal
Thanks RedCabbage

With the absence of BRV recently what does anyone say about a few getting organised where we can post levels for maybe just 2 or 3 of the pairs and try to work together in targeting forthcoming trades? Both long term levels and intra day ? I have noticed that since our leader stopped posting his levels I have lost a bit of direction at times without his great 'starting point' for the day.

It is fine people just posting the odd trade before or after randonly on here but there may be more benefit (and learning) for us all...
No BRV, no Ironman, several other originals - all gone away. Is that strange or was it something someone said? I hope this thread (or the chat room) will continue to be supported; my confidence is pretty shattered from the past couple of weeks - huge opportunities missed, small positions crashed. Starting to feel I am jinxed. Learning from this thread might be the way forward. I hope it (or the chat room) will survive.
  • #6,917
  • Dec 18, 2008 7:18am Dec 18, 2008 7:18am
I will be looking to go long from around 15277-15257

Support
Convergence of 4H TL
Daily 38.2 Fib

Any comments welcome.
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  • #6,918
  • Dec 18, 2008 7:21am Dec 18, 2008 7:21am
Quoting Grath
No BRV, no Ironman, several other originals - all gone away. Is that strange or was it something someone said? I hope this thread (or the chat room) will continue to be supported; my confidence is pretty shattered from the past couple of weeks - huge opportunities missed, small positions crashed. Starting to feel I am jinxed. Learning from this thread might be the way forward. I hope it (or the chat room) will survive.
There's a link in what you said, the absence of these people is likely to be that they know it is hard work this time of year when volume is low and volatility high.
  • #6,919
  • Dec 18, 2008 8:08am Dec 18, 2008 8:08am
Hi All,
Woke this morning to a nice profit. Supply & Demand trade hit last night. Closed 90% @ 61.8 Fib for +177. The other 10% is still running.

I'm through for the day.
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  • #6,920
  • Dec 18, 2008 8:38am Dec 18, 2008 8:38am
Quoting RedCabbage
I will be looking to go long from around 15277-15257

Support
Convergence of 4H TL
Daily 38.2 Fib

Any comments welcome.
And daily pivot's S1 at 1.5257.....
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