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  • #8,081
  • Feb 2, 2009 9:52am Feb 2, 2009 9:52am
Quoting PaulEamonn
Can we have wobbly buckets too?

Seriously though, they do look good trades but I haven't yet got used to looking for them.

OOOOPSS! I've not made as good a job as you at the artwork RC. Still, I'm sure you get the idea.
Buckets are great, when I go through my charts I keep telling myself to watch out for them because they happen a lot, and can be reliable trades.

As for that bucket, I wouldn't count on it. At the bottom of a bucket you want to see a lot of price consolidation. I guess you could say you want to see the bulls and bears "battling" to create that indecision in price, which creates a more solid bucket. My 2 cents.
  • #8,082
  • Feb 2, 2009 9:58am Feb 2, 2009 9:58am
Closed U-J for 15 pips. Not a strong bounce. I'm off for a nap. Got an evening full of work to do today . Good luck with your trading!
  • #8,083
  • Feb 2, 2009 10:26am Feb 2, 2009 10:26am
Quoting bumasoft
Closed U-J for 15 pips. Not a strong bounce. I'm off for a nap. Got an evening full of work to do today . Good luck with your trading!
See you later Bumasoft.
RegardsPaul Eamonn
  • #8,084
  • Feb 2, 2009 10:27am Feb 2, 2009 10:27am
just shorted e/j any thoughts
  • #8,085
  • Feb 2, 2009 10:32am Feb 2, 2009 10:32am
Quoting mattpajek
just shorted e/j any thoughts

I shorted at 115.55 for some quick pips but I'm already out. Right now is not a good time to short it IMO. It's forming an ascending triangle as well.
  • #8,086
  • Feb 2, 2009 10:43am Feb 2, 2009 10:43am
Quoting libb
Buckets are great, when I go through my charts I keep telling myself to watch out for them because they happen a lot, and can be reliable trades.

As for that bucket, I wouldn't count on it. At the bottom of a bucket you want to see a lot of price consolidation. I guess you could say you want to see the bulls and bears "battling" to create that indecision in price, which creates a more solid bucket. My 2 cents.
Thanks for the input Libb. I'll go take a look at BRV's video again. I looked at it over the weekend but they didn't make much sense to me.

But you reckon that the secret is good tight consolidation at the bottom of the bucket?
RegardsPaul Eamonn
  • #8,087
  • Feb 2, 2009 10:48am Feb 2, 2009 10:48am
Quoting PaulEamonn
Thanks for the input Libb. I'll go take a look at BRV's video again. I looked at it over the weekend but they didn't make much sense to me.

But you reckon that the secret is good tight consolidation at the bottom of the bucket?
thats the secret
  • #8,088
  • Feb 2, 2009 10:50am Feb 2, 2009 10:50am
LIBB

Are you using MBT as your broker?
  • #8,089
  • Feb 2, 2009 10:56am Feb 2, 2009 10:56am
Quoting bapxyz
LIBB

Are you using MBT as your broker?
using FxPro for now...it works. I heard MBT is integrating MT4 soon. I'll probably switch over when they do.
  • #8,090
  • Feb 2, 2009 11:01am Feb 2, 2009 11:01am
I asked because of the level you shorted E/J at. I did not think anybody but MBT reached that level. That was a great call, congrats.
I have used them for about three years with a diff chart package, very happy.
  • #8,091
  • Feb 2, 2009 11:01am Feb 2, 2009 11:01am
Quoting c-note
thats the secret
Yeah I've just had another look at the video and it's a lot clearer now. Perhaps when I looked at it over the weekend I was all 'video'ed out'. I watched all of BRV's and Sam Seiden's stuff too one after the other.

They do tend to jump out at you when you look for them. I'm looking at a 60 pointer on cable right now that happened only an hour ago.

Hmmm - I'll have to look out for them.
RegardsPaul Eamonn
  • #8,092
  • Feb 2, 2009 11:19am Feb 2, 2009 11:19am
Quoting bapxyz
I asked because of the level you shorted E/J at. I did not think anybody but MBT reached that level. That was a great call, congrats.
I have used them for about three years with a diff chart package, very happy.

I hear great things about MBT, hope to make the switch soon.

About the call, thank you. I've been studying a lot of Sam Seiden lately and when you start thinking in supply and demand..."dancing" in sync with the markets seem to make more sense. I thought it was unlikely that in the overall down trend of E/J, there would be many buyers at that major S/R level. Also, price shot up so quickly that it was unlikely that there would be more waiting buy orders than sell orders. Just thinking outloud, hope it helps.
  • #8,093
  • Feb 2, 2009 11:30am Feb 2, 2009 11:30am
Libb
O yea everything helps.
I think SS,s stuff dove tails in perfect with BRV. Same theory just a diff way of expressing the idea. Sure wish BRV would show up again. Sometimes I think he has "traded places". But don't want to spoil his fun.
  • #8,094
  • Feb 2, 2009 12:21pm Feb 2, 2009 12:21pm
oy bumasoft still hunting

  • #8,095
  • Feb 2, 2009 12:23pm Feb 2, 2009 12:23pm
After seeing Seiden's videos and reading his articles, I'm beginning to get better at spotting the "hot" zones. Today I spotted 1.2880 - 1.2920 on the EURUSD, 1.4190 - 1.4230 on GBPUSD, 89.90 - 90.07 on USDJPY, 0.5065 - 0.5105 on NZDUSD, 0.9050 - 0.9085 on EURGBP and 128.50 - 129.20 on GBPJPY, all of them producing good reactions. Unfortunately, I was only part of two of these moves, because I was afraid to pull the trigger on the rest of them ... I really hope I'll be able to act calm from now on and do what needs to be done.
  • #8,096
  • Feb 2, 2009 12:24pm Feb 2, 2009 12:24pm
1.4350 on GBPUSD is also a good "origin of imbalance" I'll be looking at
  • #8,097
  • Feb 2, 2009 12:28pm Feb 2, 2009 12:28pm
Quoting bumasoft
After seeing Seiden's videos and reading his articles, I'm beginning to get better at spotting the "hot" zones. Today I spotted 1.2880 - 1.2920 on the EURUSD, 1.4190 - 1.4230 on GBPUSD, 89.90 - 90.07 on USDJPY, 0.5065 - 0.5105 on NZDUSD, 0.9050 - 0.9085 on EURGBP and 128.50 - 129.20 on GBPJPY, all of them producing good reactions. Unfortunately, I was only part of two of these moves, because I was afraid to pull the trigger on the rest of them ... I really hope I'll be able to act calm from now on and do what needs to be done.
well i`m learning for myself as well not to worry will be better
  • #8,098
  • Feb 2, 2009 12:29pm Feb 2, 2009 12:29pm
Quoting mattpajek
well i`m learning for myself as well not to worry will be better
I hope so
  • #8,099
  • Feb 2, 2009 12:58pm Feb 2, 2009 12:58pm
Quoting PaulEamonn
Thanks for the input Libb. I'll go take a look at BRV's video again. I looked at it over the weekend but they didn't make much sense to me.

But you reckon that the secret is good tight consolidation at the bottom of the bucket?
Could you post a link to a BRV video?

Thanks
  • #8,100
  • Feb 2, 2009 12:58pm Feb 2, 2009 12:58pm
Quoting ALThau
Could you post a link to a BRV video?

Thanks
go to http://www.nobrainertrades.com ... There is a "Videos" link in the menu.
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