Hey Flem! I dont see any PB on UJ on any tf. can you be more specific on which tf or feed? Thanks
ALM
"Don't trade to trade . . . trade to win." - James16
- #18,082
- Jan 8, 2009 6:26am Jan 8, 2009 6:26am
Hey Flem! I dont see any PB on UJ on any tf. can you be more specific on which tf or feed? Thanks
ALM
"Don't trade to trade . . . trade to win." - James16
- #18,085
- Jan 8, 2009 7:59am Jan 8, 2009 7:59am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
Originally Posted by xcov http://www.forexfactory.com/images/buttons/viewpost.gif
Hi guys what do you think about this Eur/Aud Daily
It looks like a DBLHC to me..
Not quite sure about the PPZ level though...
XCOV-
As you can see on the second more recent chart, this trade was stopped out at 1.9290. (White arrow)1st position took profit for 47 pips and the second position was stopped out at 1.9290 for 91 additional pips. 138 total pips. Not bad for an hourly chart huh?
Bearing in mind that your original question was on the daily TF, I just wanted to show you what I do when I am biased on a direction based on a longer TF, but am somewhat hesitant to commit a large stop loss because of an unclear indication. I'll dial down to shorter TF's for entry. I'm still biased towards a larger move up but for now will keep my attention towards clear PA winks whereever they may be. BTW, look at what price did at the 150 ema. I use the 150 and the 365. Learned that from Jim. Read and commit to memory all his charts posted here on this thread and you will be a successful trader because of it. Hope that helps you.
Hi guys what do you think about this Eur/Aud Daily
It looks like a DBLHC to me..
Not quite sure about the PPZ level though...
Looks to me like we could be headed north soon. On my daily chart, I am not seeing a clear signal for a long position. That could be because I'm not an "ace" yet. That being said, I am going to wade in for long at the break of the green one hour candle indicated. (open trade at 1.9199) I'll open two positions, TP1 at 1.9246. I'll move my other position to BE at this time (1.9199)When the price gets to 1.9290, I'll move the stop of the second position to TP1 level (1.9246). If I still do not get stopped out when price gets to 1.9337, I'll...
As you can see on the second more recent chart, this trade was stopped out at 1.9290. (White arrow)1st position took profit for 47 pips and the second position was stopped out at 1.9290 for 91 additional pips. 138 total pips. Not bad for an hourly chart huh?
Bearing in mind that your original question was on the daily TF, I just wanted to show you what I do when I am biased on a direction based on a longer TF, but am somewhat hesitant to commit a large stop loss because of an unclear indication. I'll dial down to shorter TF's for entry. I'm still biased towards a larger move up but for now will keep my attention towards clear PA winks whereever they may be. BTW, look at what price did at the 150 ema. I use the 150 and the 365. Learned that from Jim. Read and commit to memory all his charts posted here on this thread and you will be a successful trader because of it. Hope that helps you.
- #18,086
- Jan 8, 2009 8:12am Jan 8, 2009 8:12am
- Joined Jan 2008 | Status: Inertial Member | 2,297 Posts
- #18,087
- Jan 8, 2009 8:17am Jan 8, 2009 8:17am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
That Pin delivered 200pips. Am a pin man! another 150pips in GU 4hr alpari datafeed. Thanks mike thanks jarro Thanks ghous Thanks jim Thannk raczekfx and thanks all
Keep it up!
Regards,
Ghous.
I believe . . .
XCOV-
As you can see on the second more recent chart, this trade was stopped out at 1.9290. (White arrow)1st position took profit for 47 pips and the second position was stopped out at 1.9290 for 91 additional pips. 138 total pips. Not bad for an hourly chart huh?
I was going to enter at the break of the high of the previous bar on the daily chart..but I hesitated because the risk reward ratio..
It's ok, another time maybe
- #18,091
- Jan 8, 2009 8:31am Jan 8, 2009 8:31am
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
- #18,092
- Jan 8, 2009 8:35am Jan 8, 2009 8:35am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
.
May consider a re-entry if we see a test of 1.385 Regards,
Ghous.
I believe . . .
- #18,094
- Jan 8, 2009 8:38am Jan 8, 2009 8:38am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Here's a quick intra day trade I'm in right now
.
updated chart from yesterday...
even without pa one can trade successfully knowing where support and resistance is... .It takes time and practice, but, what does not?
- #18,096
- Jan 8, 2009 8:40am Jan 8, 2009 8:40am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
eur/usd is approaching two ppz zones with nice confluence
i am kind of scared of that W formation with a low @ 1.3310 and then a higher low @
Regards,
Ghous.
I believe . . .
- #18,097
- Jan 8, 2009 8:43am Jan 8, 2009 8:43am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I closed mine after the break of the 4H trendline.
Regards,
Ghous.
Same area acted as short term longs.
don't count much on fireworks before nf. I would rather expect gradual decline on us crosses till 8:30est tomorrow...
- #18,098
- Jan 8, 2009 8:44am Jan 8, 2009 8:44am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
Thanks KissFan, that helps
I was going to enter at the break of the high of the previous bar on the daily chart..but I hesitated because the risk reward ratio..
It's ok, another time maybe
- #18,099
- Jan 8, 2009 8:45am Jan 8, 2009 8:45am
- | Joined Feb 2007 | Status: POP FIAT FASCISM | 1,106 Posts
.
- #18,100
- Jan 8, 2009 9:01am Jan 8, 2009 9:01am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
.. I personally waiting for a thrust up past 1.3800 to ~1.3820. .
I hope not...lol. I'm 'fair' size u/j long since 90.94