Dislikedkeep it simple...
we break 151.50...we continue up baby
if not then there a risk we go the LTL (ascending line on the daily)
we are currently ranging with an ascending triangle (daily)
happy pippinIgnored
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #179,402
- May 26, 2009 9:55am May 26, 2009 9:55am
- | Joined Jul 2007 | Status: Don't Loose Your Shirt | 1,146 Posts
I have been posting simple charts showing exactly what you are saying..
Look at the major TL and S/R..
nice one baby...in the short term..just watch the 150.44 level...this is the first support to watch...my strategy has just been simple since the start of the year...just buy dips....baby
the trend is ur friend...until it breaks
- #179,403
- May 26, 2009 9:56am May 26, 2009 9:56am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
it's a fool trap bro..watch closely,there is no volume backing that upmove,meaning the pro's aint buying this thing,they are selling it to the hyenas.that are goimg to be slaughtered on the down move
Blogging daily now at www.volume.zone
- #179,405
- May 26, 2009 9:58am May 26, 2009 9:58am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
mmm...still holding my short since yesterday NY with SL=151.80 and target of daily 61.8%...
However I did ahmit H4 support @ 149.55 ~ 23.6% daily area and 151.50 should break for my UTL target ~ 38.2% weekly...
mm...no new entry...still holding this short and see how
However I did ahmit H4 support @ 149.55 ~ 23.6% daily area and 151.50 should break for my UTL target ~ 38.2% weekly...
mm...no new entry...still holding this short and see how
- #179,406
- May 26, 2009 9:58am May 26, 2009 9:58am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
your volume sources sucks ... esignal 300 feeds clearly shows expanding volume on up move 1 hour
Attachment
right on spot
- esignal
- ibfx
any other source is bs.
- #179,408
- May 26, 2009 10:07am May 26, 2009 10:07am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
your volume sources sucks ... esignal 300 feeds clearly shows expanding volume on up move 1 hour
Attachment
...
Imanuel Parsifal
- #179,409
- May 26, 2009 10:10am May 26, 2009 10:10am
- Joined Nov 2008 | Status: Full Time Trader | 10,867 Posts
[quote=Andrew Vu;2757218]
i would also like to see a thread made by malcomb. i'm really bad at daytrading or range trading. and he does bring a lot of value to this thread.
I had been asked him to do so, he just gives us few good setup a day, that will be good. And in the mean while, we can learn from him. What do you say Malcom?
Help us and help others (be a goodwill to give share your fortunes)
- #179,411
- May 26, 2009 10:27am May 26, 2009 10:27am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #179,412
- May 26, 2009 10:31am May 26, 2009 10:31am
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #179,413
- May 26, 2009 10:32am May 26, 2009 10:32am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
Imanuel Parsifal
- #179,414
- May 26, 2009 10:33am May 26, 2009 10:33am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
this current move up is a reaction to a positive consumer confidence numbers. once the dust settles, sanity will prevail and we head south.
All will be set SL@ 151.80...at least H1 38.2% possible before US close...
GY did try damm hard to break above 151.50 but seem fail since Monday...
Not sure with other...as my H4 already below gann and if PA close below 150..possible H1 will flip and going to daily 61.8% where is the crutial point for her to cross below daily gann for tanking....mmm...interesting with this tricky movement..this week
- #179,415
- May 26, 2009 10:40am May 26, 2009 10:40am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
am just wait H1 to form a nice pin bar...and just add 1 short @ 151.25...
All will be set SL@ 151.80...at least H1 38.2% possible before US close...
GY did try damm hard to break above 151.50 but seem fail since Monday...
Not sure with other...as my H4 already below gann and if PA close below 150..possible H1 will flip and going to daily 61.8% where is the crutial point for her to cross below daily gann for tanking....mmm...interesting with this tricky movement..this week
should had waited a little bit more.. 4HR is still Bullish.. till 152xx - 153.83 area. IMO. Think it will happen today..
Markets are not Random, they are designed!
- #179,416
- May 26, 2009 10:44am May 26, 2009 10:44am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
should had waited a little bit more.. 4HR is still Bullish.. till 152xx - 153.83 area. IMO. Think it will happen today..
- #179,417
- May 26, 2009 10:45am May 26, 2009 10:45am
- Joined Sep 2007 | Status: Senior Member | 2,939 Posts
am just wait H1 to form a nice pin bar...and just add 1 short @ 151.25...
All will be set SL@ 151.80...at least H1 38.2% possible before US close...
GY did try damm hard to break above 151.50 but seem fail since Monday...
Not sure with other...as my H4 already below gann and if PA close below 150..possible H1 will flip and going to daily 61.8% where is the crutial point for her to cross below daily gann for tanking....mmm...interesting with this tricky movement..this week
Imanuel Parsifal
- #179,418
- May 26, 2009 10:47am May 26, 2009 10:47am
[quote=DMA Trader;2757460]
I can't agree more!
i would also like to see a thread made by malcomb. i'm really bad at daytrading or range trading. and he does bring a lot of value to this thread.
{Promotion Removed}
- #179,420
- May 26, 2009 10:49am May 26, 2009 10:49am
- Joined Aug 2008 | Status: Money never sleeps | 5,878 Posts
But H1 volume keep decreasing atm...and am tired to keep waiting...just hope all my short hit my SL=151.80...good luck to all of you.....see u guys in Asian session...
I just cant wait to use my parachute... too.
First up target would be 152.60. Symettry looks good for up move..Divergence is fine.. wave count so far so good on I HR.This is the wave5 by the way..
Markets are not Random, they are designed!