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  • #10,641
  • Apr 8, 2009 9:53am Apr 8, 2009 9:53am
Quoting RedCabbage
13365 is a nice level and a 50Fib too.
Yep, just did the fibs and saw that...nice.

Bed time yet RC? Or do you normally trade the entire NYC?
  • #10,642
  • Apr 8, 2009 9:59am Apr 8, 2009 9:59am
Quoting sam0182
Yep, just did the fibs and saw that...nice.

Bed time yet RC? Or do you normally trade the entire NYC?
I don't normally trade all of NY but I had some visitors this afternoon so I'm just catching up.

Bedtime? It's only 6pm so it's beer time!
  • #10,643
  • Apr 8, 2009 10:17am Apr 8, 2009 10:17am
Quoting RedCabbage
PA and sentiment on EURUSD is not good.

I have gone long NZDUSD instead

5700
S+R
61Fib
Round number
Space
At support at London open
From a 4hr perspective this was easily going to aim for 5800 and 100 pips. I should have had a little more faith.
  • #10,644
  • Apr 8, 2009 10:50am Apr 8, 2009 10:50am
Quoting RedCabbage
What's puzzling me is why I can only see Twitter updates for cable?
Me too! I know I had an issue with it last night and the EUR ones disappeared. I have no idea how. I'm new to Twitter too but if I see something like that going forward I'll do my best to get it in here as well.
  • #10,645
  • Apr 8, 2009 10:56am Apr 8, 2009 10:56am
Quoting orcus
If anyone's following BRV's Twitter, he called 1.3155 for E/U and expected a tight bounce. Sure enough, the bounce came at 3146.

I can't for the life of me figure out where that line came from. I would have said 3170 (basically RC's 3165) or maybe 3125. I just don't see anything that screams 3155, in fact the only thing noticeable at all really is the small bit of consolidation around Mar 18; nor do I see any historical significance, fibs, or trendline confirmation (well, you do get a 76 fib if you start it at the little down spike on 3/18 7:00...
Pretty easy actually. If you look at alll the x's on this chart you'll see that the lines are all drawn from the top of the hourly highs where consolidation either began or ended before or after spikes. These almost always reserve themselves as either support or resistance when price revisits them. The last video on the site talks about it a little bit.
Attached Image (click to enlarge)
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  • #10,646
  • Apr 8, 2009 11:06am Apr 8, 2009 11:06am
Quoting BillyRayValentine
Pretty easy actually. If you look at alll the x's on this chart you'll see that the lines are all drawn from the top of the hourly highs where consolidation either began or ended before or after spikes. These almost always reserve themselves as either support or resistance when price revisits them. The last video on the site talks about it a little bit.
And my 4hr charts close 1hr before US EST so I had 13144 instead.

This 4hr chart discrepancy is something I have raised several times and is the reason why I tend to have 1hr as my core timeframe as this is seen the same worldwide.
  • #10,647
  • Apr 8, 2009 11:06am Apr 8, 2009 11:06am
Thanks for the response BRV. That little bit of consolidation on March 17 was the only spot I identified to explain the 3155 call, but since it wasn't especially respected around March 30 (well, there was a bounce for 50) I wasn't sure why it would be expected to get a good bounce today. Good call though!
  • #10,648
  • Apr 8, 2009 11:22am Apr 8, 2009 11:22am
Quoting RedCabbage
And my 4hr charts close 1hr before US EST so I had 13144 instead.

This 4hr chart discrepancy is something I have raised several times and is the reason why I tend to have 1hr as my core timeframe as this is seen the same worldwide.
Hoorah! 1 hour rules the world. Better believe it .
  • #10,649
  • Apr 8, 2009 11:23am Apr 8, 2009 11:23am
Quoting orcus
Thanks for the response BRV. That little bit of consolidation on March 17 was the only spot I identified to explain the 3155 call, but since it wasn't especially respected around March 30 (well, there was a bounce for 50) I wasn't sure why it would be expected to get a good bounce today. Good call though!
Thanks, I like Twitter, will keep using it, just couldnt figure out what happened last night with a few of the posts.
  • #10,650
  • Apr 8, 2009 11:56am Apr 8, 2009 11:56am
BRV, nice to see you back around man! -- I haven't been followin this thread that closely since you left....just been popping in occasionally to compare levels. Read your twitter posts, looking forward to hearing your always informative insights!

Happy Trading
  • #10,651
  • Apr 8, 2009 1:22pm Apr 8, 2009 1:22pm
Hi all, im new.

I have just seen this nice Chart. I think bears will come over and we will see a breaktout.
Attached Image (click to enlarge)
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  • #10,652
  • Apr 8, 2009 1:47pm Apr 8, 2009 1:47pm
Quoting bbartha
Hi all, im new.

I have just seen this nice Chart. I think bears will come over and we will see a breaktout.
Hi bartha, I like the breakout area. The only thing that concerns me about price follow through is that 145.12 area is support, right underneath the zone. If it can make it through that pretty clean, should be a good trade.

Watch the current zone on cable (1.4777 and 1.4637) for breakouts and it should also clue you in to the direction when it arrives. JPY also has a lot of support lower here, so watch for that as well.

And, Welcome! Glad to have you here.
  • #10,653
  • Edited 7:19pm Apr 8, 2009 5:40pm | Edited 7:19pm
Quoting RedCabbage
13365 is a nice level and a 50Fib too.
Hey RC, I am just curious when you are plotting your fib... you generally go from the latest swing high/low correct?

I tried to figure it out, but I am kind of scared that I am not doing it properly... keeping on replotting it until I get what I want to see... not what it tells me to see

Did you plot it from 1.3113(swing low) to 1.3582(swing high)??

Also you gonna see if you can help me out with a little list?
  • #10,654
  • Apr 8, 2009 10:20pm Apr 8, 2009 10:20pm
Quoting BillyRayValentine
Pretty easy actually. If you look at alll the x's on this chart you'll see that the lines are all drawn from the top of the hourly highs where consolidation either began or ended before or after spikes. These almost always reserve themselves as either support or resistance when price revisits them. The last video on the site talks about it a little bit.
Thank You very much Billy Ray!
I am a constant lurker of this wonderful thread and I must say that every time you speak I learn something new and very insightful.
What you teach us is not textbook stuff, but pearls of knowledge which come from the real experience of a guy who is a true master at trading S+R setups.

And you're giving away this stuff for free!!

You're a very giving king of guy, thank you again for your generosity.

LJ
1st step stop loss in the green 2nd step play with the free money
  • #10,655
  • Apr 8, 2009 11:07pm Apr 8, 2009 11:07pm
Quoting LeveragedJoe
Thank You very much Billy Ray!
I am a constant lurker of this wonderful thread and I must say that every time you speak I learn something new and very insightful.
What you teach us is not textbook stuff, but pearls of knowledge which come from the real experience of a guy who is a true master at trading S+R setups.

And you're giving away this stuff for free!!

You're a very giving king of guy, thank you again for your generosity.

LJ
No problemo! Twitter working out well too...here's the link if anyone wants in - getting good feedback here:

http://twitter.com/nobrainertrades


.
  • #10,656
  • Apr 8, 2009 11:56pm Apr 8, 2009 11:56pm
Quoting BillyRayValentine
No problemo! Twitter working out well too...here's the link if anyone wants in - getting good feedback here:

http://twitter.com/nobrainertrades


.
Thank You. I just hooked mine up!
  • #10,657
  • Apr 9, 2009 12:15am Apr 9, 2009 12:15am
Right last real trading day before the Easter break let's see if we can get these rangey pairs moving.
  • #10,658
  • Apr 9, 2009 12:15am Apr 9, 2009 12:15am
Quoting BillyRayValentine
Pretty easy actually. If you look at alll the x's on this chart you'll see that the lines are all drawn from the top of the hourly highs where consolidation either began or ended before or after spikes. These almost always reserve themselves as either support or resistance when price revisits them. The last video on the site talks about it a little bit.
Hi BRV I am pretty new in this thread , but after reading all the 600 pages and your blog THIS was the thing I overlooked or missed.
I would say that after a powerful outbreak the orderbook is getting empty and a consolidation or reversal must occur.
I suppose you consider the levels from more powerful outbreaks more of importance then smaller range outbreaks.

Many thanks for all this wonderfull info.
  • #10,659
  • Edited 1:13am Apr 9, 2009 12:32am | Edited 1:13am
13365-13400

S+R
5oFib
Round Number
Previous wicks - strong reaction

Surrounded by traffic though.
Attached Image (click to enlarge)
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  • #10,660
  • Apr 9, 2009 2:23am Apr 9, 2009 2:23am
Ok guys i think you definately have to be signed up to receive all the tweets. I just hooked up my twitter account to skype. Used the link on brv's blog:

http://skypejournal.com/2008/11/twit...r-twitter.html.

I'm getting all the tweets now, skyped to me.
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