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- #983
- Apr 23, 2009 3:09am Apr 23, 2009 3:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
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how typical, fib confluence on top and bottom
sorry for the poor chart..it isnt so clear..
i think if this 4hr ends with a doji then the bull move is overextended and since there solid resistance..i think this puppy will sink
4hr need to give bearish sign
- #984
- Apr 23, 2009 3:26am Apr 23, 2009 3:26am
- Joined Dec 2008 | Status: Conservative | 2,112 Posts
yep inbetween a rock and hard place
sorry for the poor chart..it isnt so clear..
i think if this 4hr ends with a doji then the bull move is overextended and since there solid resistance..i think this puppy will sink
4hr need to give bearish sign
- #987
- Apr 23, 2009 3:48am Apr 23, 2009 3:48am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Hi all, Its gonna bust out of this triangle on the 15m soon. Im placing a couple of limit orders.
- #989
- Apr 23, 2009 4:54am Apr 23, 2009 4:54am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Yeh seeing that nav, She dribbled rather than bust out of the triangleBut she triggered the short.
- #990
- Apr 23, 2009 5:03am Apr 23, 2009 5:03am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
loving yur charts bro....hows the trading going so far this week?
We're going into the 4th day where dragon & cable closed and opened with the same low. I'll stick to my longs for the time being
How's your trading coming along bro?
Thank You
- #991
- Apr 23, 2009 5:18am Apr 23, 2009 5:18am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Guess I won't wait till the daily close then and take the 4 hourly close instead. Price failed to close below the 141.xx support and the ltl. And that fierce looking hammer had me convinced. A close below the line & I'll pull the plug. Let's see how this goes.
GBP JPY
1. long @142.02 sl @140.25
1. long @142.02 closed @143.14
The chart explains why I am not entirely convinced about us being bearish, tho I personally think 145 level needs to be taken out for bullish continuation. Else, till that happens we might just consolidate. ( and quite possibly end up like the chart on post #959
)p/s : riggster & cmellon, welcome to the hole
Thank You
- #992
- Apr 23, 2009 1:07pm Apr 23, 2009 1:07pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Going good bro, going good. Except for that bullshit move yesterday where I got stopped out lol.
We're going into the 4th day where dragon & cable closed and opened with the same low. I'll stick to my longs for the time being
How's your trading coming along bro?
..So at least my monthly trades are still profitable but its lie ping pong at the moment browelldone on staying long
- #993
- Apr 23, 2009 1:12pm Apr 23, 2009 1:12pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Taking 50% of this trade off the table & letting the other half work.
1. long @142.02 closed @143.14
The chart explains why I am not entirely convinced about us being bearish, tho I personally think 145 level needs to be taken out for bullish continuation. Else, till that happens we might just consolidate. ( and quite possibly end up like the chart on post #959
p/s : riggster & cmellon, welcome to the hole
1. long @142.02 sl @142.1
Thank You
- #994
- Apr 23, 2009 2:19pm Apr 23, 2009 2:19pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
im doing well as well bro..except this trade on cable finished me off...i went bearish despite being short on USD
welldone on staying long
My take for cable atm is that we'll still range unless a breakout above 4700 or below 4500 occurs. I hate ranging markets lol.
Thank You
- #995
- Apr 23, 2009 3:04pm Apr 23, 2009 3:04pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #997
- Apr 23, 2009 3:28pm Apr 23, 2009 3:28pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
The monthly counts bro, you'll overturn the loss I'm sure you will
My take for cable atm is that we'll still range unless a breakout above 4700 or below 4500 occurs. I hate ranging markets lol.
im looking for this trade, actual target where the red cross is...so far i think its looking good, it just needs break the lower
whats yur view on bro?
- #998
- Apr 23, 2009 3:37pm Apr 23, 2009 3:37pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #1,000
- Apr 23, 2009 11:03pm Apr 23, 2009 11:03pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i know what u mean
im looking for this trade, actual target where the red cross is...so far i think its looking good, it just needs break the lower
whats yur view on bro?
If you look at the daily, we're trapped in the bottleneck & it gets tighter as we get closer to the end. Price seems atm is testing the the ltl and should price close below the line (likely price breach below 95. psychological support, then this pair could spiral down). The level could be seen better on the 4hour chart. However, currently price is stalled at the 97 support level & the presence of buyers could clearly be seen through the price rejection.
Should this level hold and build strength, close back above 98. level, then you will have a strong case.
I'll be happily cheerleading for this pair to go up from here as this is the main driver of dragon.
On another note, here's my personal advise to those who want to trade the dragon and come out with a higher success rate - learn & understand this pair, cable after.
Many secrets to trading the dragon succesfully lies with this pair, that much I can tell you. ( If you understand this pair, you'd understand why I wasn't the quickest to jump on the Dragon bear party & remained long this whole week. Sorry, but I don't give everything cheaply
)Good luck
Thank You