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  • #11,641
  • May 21, 2009 3:51am May 21, 2009 3:51am
Quoting Siam
Eur/Gbp

8720 is approaching fast on this one, nice level to consider.
Siam really drew my attention to this daily level on my chart.

A no brainer with a news supercharger strapped on to it!
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  • #11,642
  • May 21, 2009 3:56am May 21, 2009 3:56am
Quoting kk007
Thanks RedCab, is it a sudden news or pre-schedule news. Would you mind telling what news website is good for catching news like that?
And here's one run by fx professionals:

www.forexlive.com
  • #11,643
  • May 21, 2009 4:00am May 21, 2009 4:00am
Quoting medici
And here's one run by fx professionals:

www.forexlive.com
Is this a live Squawk?
  • #11,644
  • May 21, 2009 4:01am May 21, 2009 4:01am
Quoting smjones
Here is a free one at Bloomberg.com
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
Cheers, so it is news... sound that no way to know the announcement beforehand, not like those on FF calendar.. thanks
  • #11,645
  • May 21, 2009 4:02am May 21, 2009 4:02am
Quoting medici
And here's one run by fx professionals:

www.forexlive.com

Thanks mate.
  • #11,646
  • May 21, 2009 4:38am May 21, 2009 4:38am
Anyone take the long on cable between 1.5515-1.5543? Strong selling....
  • #11,647
  • May 21, 2009 6:26am May 21, 2009 6:26am
Quoting smjones
Is this a live Squawk?
Well, you can turn on the Autorefresh function, but you won't get the news in real time. For that I would recommend MNI's FX Bullets, which you can get through your Bloomberg/Reuters terminal, or for a fee from www.marketnews.com after one month's free trial.
  • #11,648
  • May 21, 2009 7:15am May 21, 2009 7:15am
Quoting dingo432
Anyone take the long on cable between 1.5515-1.5543? Strong selling....
yes, long at 1.5525
Attached Image (click to enlarge)
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Boxing clever since 76.
  • #11,649
  • May 21, 2009 7:21am May 21, 2009 7:21am
Quoting kk007
Thanks RedCab, is it a sudden news or pre-schedule news. Would you mind telling what news website is good for catching news like that?
I have been listening to the one BRV recommended

http://ransquawk.com/channels

It enabled me to capture a good chunk of that move down on GU
Boxing clever since 76.
  • #11,650
  • May 21, 2009 7:28am May 21, 2009 7:28am
I am really enjoying these buckets.
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  • #11,651
  • May 21, 2009 7:51am May 21, 2009 7:51am
Quoting copi88
yes, long at 1.5525
And, a possible "bucket" response at 1.5730 although this does not get high marks on the Redcabbage Scale.

SR
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  • #11,652
  • May 21, 2009 8:01am May 21, 2009 8:01am
Quoting seattlerust
And, a possible "bucket" response at 1.5730 although this does not get high marks on the Redcabbage Scale.

SR
The Redcabbage Scale goes up though when the Gartley on the 15 min is added to the mix. Will be worth watching the PA at least.

SR
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  • #11,653
  • May 21, 2009 8:15am May 21, 2009 8:15am
Quoting seattlerust
And, a possible "bucket" response at 1.5730 although this does not get high marks on the Redcabbage Scale.

SR
Did you get a chance to watch BRV's video on buckets? It is only about 3 minutes long and is great.

BTW I really like Gartleys, (222s). I have a great book on them
"Trade What You See", How To Profit From Pattern Recognition, by Larry Pesavento and Leslie Jouflas
Chapter 5

I can see you are very good at them.
  • #11,654
  • May 21, 2009 8:56am May 21, 2009 8:56am
Quoting seattlerust
Will be worth watching the PA at least.

SR
The Gartley CD leg is now moving with strength. Be cautious on this price action. Strong candles like this are a danger sign. Lots of momentum (relative to other candles) which might carry through the target sell level. Very similar to BRV's teachings of wanting price to creep towards the entry rather than rush into it.

SR
  • #11,655
  • May 21, 2009 9:20am May 21, 2009 9:20am
Hey, I was wondering if you knew of any decent web-based gartley indicator. I'm currently using oanda's desktop app for my orders and thinkorswim's app for my charts but neither has access to gartley tools, that I've been able to find. I've never worked with them before so doing them by hand would be difficult. Oh and I'm using a mac. Thanks!
  • #11,656
  • May 21, 2009 9:25am May 21, 2009 9:25am
Looking to short CAD at 1.1467 for a possible scalp.

USDCAD 1.1467
SBR
TF
50
R
PA
Pivots
F
  • #11,657
  • May 21, 2009 9:34am May 21, 2009 9:34am
Quoting Sam's Voice
Hey, I was wondering if you knew of any decent web-based gartley indicator. I've never worked with them before so doing them by hand would be difficult.
First, I do not know of any because I do not use them. But, more importantly, if you have never worked with them before, then you would be on very dangerous ground blindly following some robot.

IMWO, you must know what the market is telling you before you trade. The best way to do that, if you are following price action and patterns is to get down and dirty, commit to a lot of screen time and draw them by hand. Its really not hard once you understand how the Gartley is formed and there are lots of places on the Web that have this information. Just Google "gartley".

SR
  • #11,658
  • May 21, 2009 10:24am May 21, 2009 10:24am
Quoting copi88
I have been listening to the one BRV recommended

http://ransquawk.com/channels

It enabled me to capture a good chunk of that move down on GU

Thanks. Let me open an account for this..
  • #11,659
  • May 21, 2009 10:27am May 21, 2009 10:27am
Quoting kk007
We know that the 129.85 EURJPY has acted as a profitable and powerful support. Nevertheless, it is not a completely carefree fade trade.
If we zoom to M5 and we can see the level has been visited about 10 times within a few hours. Will you hold the long position until the very end?
I would like to see what would be on your mind when the level have been hitted 8-10 times, if you have hold a long position at the first hit.

A. I set my stop-loss and will insist it till the end
B. If it has been hit so many times, it may be a breakout, so exit asap...

Anyone can take a few seconds to give me some suggestion for this please? I don't know how to handle this kind of situation.... Thanks.
  • #11,660
  • May 21, 2009 10:36am May 21, 2009 10:36am
Quoting kk007
Anyone can take a few seconds to give me some suggestion for this please? I don't know how to handle this kind of situation.... Thanks.
I don't trade this pair because it's so volatile but if you longed at 1.2985, aren't you looking at 70-100points of profit right now?

I would take it and get out, you're looking at descending triangle of sorts on the hourly and it looks like it will be back down to test the support again soon and if the EUR falls out (EUR/USD has been pushing through it's short term support, US equities are down = dollar rally), it could push this through.

IMO, this is what I took from what you said and my 15 second glance at the EUR/JPY daily & 1hr. I don't trade this pair.
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