Hi EV - I'm now using the T3MA from Jungle Lion's thread - I like it because it gives a smoother line, whilst tracking close to price - its here if you'd like to try it......
I see you had an awesome trade earlier this morning, mate. Well done!
Psych Levels, Pivots, and Trendlines - Resurrected
- #1,561
- Jan 5, 2009 8:17am Jan 5, 2009 8:17am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I see you had an awesome trade earlier this morning, mate. Well done!
- #1,563
- Jan 5, 2009 9:26am Jan 5, 2009 9:26am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
i'll definitely check in on the thread daily. i have learned a lot from your chart postings.
- #1,565
- Jan 6, 2009 2:47am Jan 6, 2009 2:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good morning folks hope u guys are doing great. Just want to call ur attention to this nice trade. An upward channel was formed on d 15m E/U chart entry was just below the 1.3500 psych line exit was just as price started to retrace off the 1.3400 psych level. Your thoughts EV.
However, as he seems to concentrate mainly on cable, it's possible he missed it. You didn't, though, and that's a very satisfactory result! Nice one, mate, and well spotted. Your "upward channel" is actually a "bearish flag", and the breakout southwards is just the sort of trade that our friend fx1 relishes!
He that is from above is above all.
- #1,567
- Jan 6, 2009 3:46am Jan 6, 2009 3:46am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Thanx EV, I learnt from the best. I will take note of that "Bearish Flag".
You might like to follow this link and check out the chart patterns and the explanations on there.
http://stockcharts.com/school/doku.p...chart_patterns
- #1,568
- Jan 6, 2009 4:13am Jan 6, 2009 4:13am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
You're too kind.
You might like to follow this link and check out the chart patterns and the explanations on there.
http://stockcharts.com/school/doku.p...chart_patterns
He that is from above is above all.
- #1,570
- Jan 6, 2009 4:34am Jan 6, 2009 4:34am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Thanx for the link EV, I just pulled the plug on this baby, another "bearish flag" on the EUR/USD this time on the 5m chart. My entry was aggressive though 1.3430 and exit was quick 1.3380. Somebody stop me!!!
- #1,571
- Jan 6, 2009 4:57am Jan 6, 2009 4:57am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #1,572
- Jan 6, 2009 5:02am Jan 6, 2009 5:02am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Great trading Issey - as always. Congrats
I woke up too late to catch them so im changing my sleep rules so i dont miss the early moves like today and yesterday
I woke up too late to catch them so im changing my sleep rules so i dont miss the early moves like today and yesterday Nice trades guys.....I was with you too as I've posted in the Euro thread.
Price has stopped at the 61.8% retrace of the December rally off the 4 hour / daily charts - I have it as 3377, so we could get a larger bounce from here. With today's range 285 pips vs the 20 day average of 245 pips the probabilities favour a retrace.....TWT
Either way, I've made plenty of pips today, so I'm happy to see wait and see what the NY traders want to do......http://www.forexfactory.com/images/icons/icon12.gif
- #1,574
- Jan 7, 2009 4:39am Jan 7, 2009 4:39am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Looks like an ascending triangle is being formed in cable. Let's see if there will be a breakout.
- #1,575
- Jan 7, 2009 10:42pm Jan 7, 2009 10:42pm
Well spotted, mate. Did you get the eventual breakout? Around 8.00 GMT, I guess, and resulted in a run of approx 50-60 pips. I wasn't around, unfortunately, due to a bad night's sleep. Only just getting my head around things!
Hope you'll get a good night sleep today. UK interest rate is due out later. See you later EV!
Life is a journey... So is trading.
- #1,579
- Jan 12, 2009 4:36am Jan 12, 2009 4:36am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
GM guys.....
The last failure to break above Friday's low just before LO was a great heads up for a sell.....duly taken as price broke the 5m 34 ema - aqua 170.
I took partials at the 4950 level and closed the remainder when the MS3 level held - I had a limit order at 904.
I also took a small buy after the first green candle and my tight stop took me out when the S2 level held - again I was a bit greedy, looking for a spike to 5000. So a great start to the week, time for a break before the early NY guys hit their screens.....
PS Sorry to post such a cluttered chart.....I'm helping with an EA and trying some other inputs....
The last failure to break above Friday's low just before LO was a great heads up for a sell.....duly taken as price broke the 5m 34 ema - aqua 170.
I took partials at the 4950 level and closed the remainder when the MS3 level held - I had a limit order at 904.
I also took a small buy after the first green candle and my tight stop took me out when the S2 level held - again I was a bit greedy, looking for a spike to 5000. So a great start to the week, time for a break before the early NY guys hit their screens.....
PS Sorry to post such a cluttered chart.....I'm helping with an EA and trying some other inputs....
Trading Levels with WRBs
- #1,580
- Jan 12, 2009 5:17am Jan 12, 2009 5:17am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
