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  • #11,541
  • May 19, 2009 6:40am May 19, 2009 6:40am
Quoting fxachilies
hello
hi
  • #11,542
  • May 19, 2009 7:04am May 19, 2009 7:04am
Did you give it a bit of TLC BRV?? Looks good if you did, or I am just not good at paying attention to details
  • #11,543
  • May 19, 2009 7:10am May 19, 2009 7:10am
Quoting Concept
Did you give it a bit of TLC BRV?? Looks good if you did, or I am just not good at paying attention to details
Yes I thought that.
  • #11,544
  • May 19, 2009 7:28am May 19, 2009 7:28am
worth a go...
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  • #11,545
  • May 19, 2009 7:32am May 19, 2009 7:32am
spike base pattern...
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  • #11,546
  • May 19, 2009 7:34am May 19, 2009 7:34am
....expect risk to take over and dollar get stronger very immediate term....
  • #11,547
  • May 19, 2009 7:40am May 19, 2009 7:40am
.....resistance up to the .7945 area on this one.....
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  • #11,548
  • May 19, 2009 7:41am May 19, 2009 7:41am
EURGBP
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  • #11,549
  • May 19, 2009 8:05am May 19, 2009 8:05am
Quoting BillyRayValentine
spike base pattern...
There is also a level at 1.5375 from Jan 8th. Would you suggest stepping into this one? Half at 1.5375 and the other half at 1.5350 ish if it gets there?
  • #11,550
  • May 19, 2009 8:12am May 19, 2009 8:12am
Quoting fx yogi
There is also a level at 1.5375 from Jan 8th. Would you suggest stepping into this one? Half at 1.5375 and the other half at 1.5350 ish if it gets there?
In this case I'm a little more interested in the last wave.....I always look at what happens on the last wave first.

Like even the EJ trade I'm contemplating now, looking at 129.46 as well, for the stated reason above here.
  • #11,551
  • May 19, 2009 8:17am May 19, 2009 8:17am
Quoting BillyRayValentine
.....resistance up to the .7945 area on this one.....
Hey, BRV

Any chance I can convince you up to the .7985 level on this one? Just gotta love those Gartleys.

SR
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  • #11,552
  • Edited 10:36am May 19, 2009 8:46am | Edited 10:36am
Just looking at the G/U trade, the resistance looked pretty short term as you were playing an hourly level that was just used a few days ago and stops should have been moved to breakeven quickly/or a shorter TP.

That being said and let me know if I'm missing something, but the bounce off that level offered up about 55 points top to bottom...and if you were brave enough to play a second bounce of this level (AFTER it bounced 55 points and went back to test again), you still had a top to bottom reaction of about 30 points, more than enough time to get stops to breakeven or take a few points off the table on a seemingly risky trade...

See what I'm saying? Did you just have a larger T/P or were you playing the second bounce within a few hours?

*edit, looks like BRV beat me to it* hope this helps nonetheless

Quoting kk007
Dear all,

I tried to fade H1 GBP and AUD today with significant R/S (.77, 1.535) and expect both S/R give a good rebound, but both hit my stop loss immediately. Anyone can give me your opinion?
  • #11,553
  • May 19, 2009 8:53am May 19, 2009 8:53am
Quoting seattlerust
Hey, BRV

Any chance I can convince you up to the .7985 level on this one? Just gotta love those Gartleys.

SR
Actually I was looking at that exact level because thats the consolidation high from back in 2006. The entire area has a number of good points. I market the 50% retracement because its the most obvious one form the last trend, but you could be right....
  • #11,554
  • May 19, 2009 8:55am May 19, 2009 8:55am
Quoting seattlerust
Hey, BRV

Any chance I can convince you up to the .7985 level on this one? Just gotta love those Gartleys.

SR

do you have a program that does all this for you, by the way....or an indi for meta or something? I'm just curious. I always viewed Gartleys as pretty ambitious (meaning the amount of work!)
  • #11,555
  • May 19, 2009 9:01am May 19, 2009 9:01am
Quoting BillyRayValentine
do you have a program that does all this for you, by the way....or an indi for meta or something? I'm just curious. I always viewed Gartleys as pretty ambitious (meaning the amount of work!)

We don't need an indi - we've got seattlerust.
  • #11,556
  • May 19, 2009 9:06am May 19, 2009 9:06am
Hi BRV,

Pardon the brief introduction but I'm Dingo. Love your work.

Question if I may - do you mind entering a trade in the currencies closely correlated with the US indexes (e.g. AUD, JY) just prior to the pit session open or do you see that as an added risk??

I entered AUDUSD @ 0.7712 at around 10 mins prior to pit open, got T1 @ +20 and some help from Gold but no love so far from YM, ES. (Incidentally is this a level you looked to play? Retest of breakout level)

Thanks & all the best to you.

Dingo
  • #11,557
  • May 19, 2009 9:09am May 19, 2009 9:09am
Quoting RedCabbage
Sorry this is a bit late.

I'm getting bored of seeing mostly my own posts on here.

Stop now at b/e and at risk.
S/R probabilities at work.
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  • #11,558
  • May 19, 2009 9:14am May 19, 2009 9:14am
Looking to short Cable ~1.5600 - 1.5610 it also goes with fib expansion 261 on the last thrust upwards
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  • #11,559
  • May 19, 2009 9:22am May 19, 2009 9:22am
I can see the decent short down on GU, but I prefer to stay with the trend and as you can see the GBP is just about the strongest currency right now, so I don't want to fight with that, until it looses bid ratio strength against the basket of other currencies.
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  • #11,560
  • May 19, 2009 9:23am May 19, 2009 9:23am
Quoting RedCabbage
S/R probabilities at work.
Missed entering this one as I was waiting for 0.5990-0.6000

Maybe there's a thing about palindromes? 0.6006

Also previous support and fib level:

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