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  • #281
  • Apr 9, 2007 6:22pm Apr 9, 2007 6:22pm
Hey Spud,

Nice call on getting out when you did! I am noticing some support @ around 233.88. Are these things that you take into consideration, or do you strictly focus on stochastics with regards to exits?

I just got off of work, and missed my chance Until the next one
  • #282
  • Apr 9, 2007 6:26pm Apr 9, 2007 6:26pm
Quoting kharvell
Hey Spud,

Nice call on getting out when you did! I am noticing some support @ around 233.88. Are these things that you take into consideration, or do you strictly focus on stochastics with regards to exits?

I just got off of work, and missed my chance Until the next one
I eyeball support/resistance levels...they give me an idea where to head to if extending the TP or if bouncing off it I'd likely bail if the stochs make any reverse on me. I prefer watching price shoot through an S/R level rather than claw its way through...but don't we all
  • #283
  • Apr 9, 2007 7:04pm Apr 9, 2007 7:04pm
There is an interest statement scheduled and BOJ Governor Fukui will also be speaking which could affect the pair's price one way or another. No firm time for the news, however, instead it's tentative which means any old time they choose.
  • #284
  • Apr 9, 2007 7:30pm Apr 9, 2007 7:30pm

Quoting Spudfyre
Well was hoping for more, but saw that the 15/30 were starting to turn on us so jumped out with 12 pips. There will be another cycle so plenty of time to grab 8 pips for the day.

Things are shaping up for a good down trend, so have to keep watching to see if it comes. When I say good, it will likely be in the 100 pip range...at least that is what I will be aiming for. May see a push down tonight. If not we will see what else develops.
Spud,
Would you please explain how you anticipate a 100 pip decline.
I've drawn all the trend lines; fibos; retracements: candle patterns.....I'll be darned.....I can't spot it.

In the eventuality of a 100 pip decline would it be a good idea to go short at the highest price???

Thank's for your insight...jj/.



  • #285
  • Apr 9, 2007 7:43pm Apr 9, 2007 7:43pm
Quoting JayJay


Spud,
Would you please explain how you anticipate a 100 pip decline.
I've drawn all the trend lines; fibos; retracements: candle patterns.....I'll be darned.....I can't spot it.

In the eventuality of a 100 pip decline would it be a good idea to go short at the highest price???

Thank's for your insight...jj/.



You are drawing too much!
Actually there is a little more to it to detect the bigger trades.....I can't give you all my secrets yet...it starts to get really complicated.....math and all that yucky stuff.
If you see a short as per the rules, get in. Get out if it fails like our last trade....well that wasn't a failure...just wasn't the big dip yet.
  • #286
  • Apr 9, 2007 7:48pm Apr 9, 2007 7:48pm

Quoting Spudfyre
You are drawing too much!
Actually there is a little more to it to detect the bigger trades.....I can't give you all my secrets yet...it starts to get really complicated.....math and all that yucky stuff.
If you see a short as per the rules, get in. Get out if it fails like our last trade....well that wasn't a failure...just wasn't the big dip yet.
I live for math ....

Thanks for your reply...jj/.

  • #287
  • Apr 9, 2007 7:56pm Apr 9, 2007 7:56pm
Looks like we may be waiting on an up swing to run its course.
  • #288
  • Apr 9, 2007 8:08pm Apr 9, 2007 8:08pm
Why aren't we looking to go long? Looks like a nearly-ideal setup.

Is the answer because the daily is down?
  • #289
  • Apr 9, 2007 8:12pm Apr 9, 2007 8:12pm
[quote=blueruby;267136]Why aren't we looking to go long? Looks like a nearly-ideal setup.


My sentiments exactly.......
  • #290
  • Apr 9, 2007 8:14pm Apr 9, 2007 8:14pm
[quote=Scott111552;267142]
Quoting blueruby
Why aren't we looking to go long? Looks like a nearly-ideal setup.


My sentiments exactly.......
I'm sure we'll see.
  • #291
  • Apr 9, 2007 8:21pm Apr 9, 2007 8:21pm
It's also bouncing off support with some gusto.
  • #292
  • Apr 9, 2007 8:22pm Apr 9, 2007 8:22pm
I believe we are in for a ride short to the 233.10 level give or take some. This may be the start....
  • #293
  • Apr 9, 2007 8:23pm Apr 9, 2007 8:23pm
Long is too weak right now. Want to get out of this rangyness.
  • #294
  • Apr 9, 2007 8:38pm Apr 9, 2007 8:38pm
Spud,
I included a 50 line on my stochs. It looks like the 30M is the last to turn. Is this a good short i.e. with the 15M and 30M turning south at the 50 mark?

jj/.
  • #295
  • Apr 9, 2007 8:59pm Apr 9, 2007 8:59pm
its smashed the 1 & 4 hour channel! south
  • #296
  • Apr 9, 2007 9:00pm Apr 9, 2007 9:00pm
Something that may be of help to someone I look for reversal candles and continuation candles along with spuds system but as far as reversals sometimes not strong enough to change overall direction thats where stochs come in for strength of direction along with the candles. I hope this makes sense.....
  • #297
  • Apr 9, 2007 9:04pm Apr 9, 2007 9:04pm
It may be possible that we see a decline in price toward the end of the month until GBP is due to raise interest rates. What are your thoughts ????....
  • #298
  • Apr 9, 2007 11:19pm Apr 9, 2007 11:19pm
It looks as though we are setting up for the optimal short ....
  • #299
  • Apr 10, 2007 12:27am Apr 10, 2007 12:27am
How is it an optimal short when the 4 hr is trending up just at the 50% mark?

Can someone please tell how this is a short for sure??? I'm confused!!!

B.
:surprised
"Skills pay the bill's!"
  • #300
  • Apr 10, 2007 1:36am Apr 10, 2007 1:36am
Quoting bagovino
How is it an optimal short when the 4 hr is trending up just at the 50% mark?

Can someone please tell how this is a short for sure??? I'm confused!!!

B.
:surprised
Bagovino,

I asked a similar question about the 4H being up before the last short.

The reply from Spud was "Read post 259, you'll understand what I am looking for" which explaines.
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