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  • #11,821
  • May 28, 2009 8:38am May 28, 2009 8:38am
Nice! I was looking to short again @ 95 if price would pull back.

What made it for you so sure it would continue to go up from that minor pullback?
  • #11,822
  • May 28, 2009 8:39am May 28, 2009 8:39am
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
eurchf sitting on support
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Ronin77
  • #11,823
  • May 28, 2009 8:46am May 28, 2009 8:46am
Hi NB Traders, Do you think there's a good chance for pullback on the
USD/JPY having touch the trend line of the Head and shoulders pattern
as showed in the red line.
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  • #11,824
  • May 28, 2009 8:51am May 28, 2009 8:51am
Quoting BillyRayValentine
Super-clean breakout scenario
Much appreciated, BRV. Although I don't watch low time frames, I see the example behind the charting.

Thank you!
  • #11,825
  • May 28, 2009 9:20am May 28, 2009 9:20am
.
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  • #11,826
  • May 28, 2009 9:30am May 28, 2009 9:30am
Quoting BillyRayValentine
.
BRV - does this qualify as the same scenario?

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  • #11,827
  • May 28, 2009 9:34am May 28, 2009 9:34am
Quoting BillyRayValentine
.
In addition, 1.3955 has been the main trenchline for about a week. Gave way yesterday so bounce expected.
  • #11,828
  • May 28, 2009 10:13am May 28, 2009 10:13am
USD/CHF Breakout or support?
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  • #11,829
  • May 28, 2009 10:20am May 28, 2009 10:20am
Quoting magicforex
USD/CHF Breakout or support?
Neither for today, just end of month deal flows with lots of dollar selling.
  • #11,830
  • May 28, 2009 4:08pm May 28, 2009 4:08pm
Greetings all, this is a long shot but...

Does anyone know of a site that provides non-java based charts (for times when all you have is a mobile browser like the one in my G1 android phone) ? Searching hasn't turned up anything.

Thanks in advance,
Mark
  • #11,831
  • May 28, 2009 5:04pm May 28, 2009 5:04pm
Guys it is the last trading day of the month tomorrow so watch out for some wierd market behaviour as the big players complete their agendas, this doesn't always involve profit taking either.
  • #11,832
  • May 28, 2009 7:19pm May 28, 2009 7:19pm
Hello Everyone:

I just recently began reading through this incredible long and detailed thread. I'm curious as to why BillyRayValentine has only made 2 trades in 2009 in comparison to the trade activity for 2008. I appreciate any insight or information in this regard.

Quantum09
  • #11,833
  • May 28, 2009 8:44pm May 28, 2009 8:44pm
Quoting Quantum09
Hello Everyone:

I just recently began reading through this incredible long and detailed thread. I'm curious as to why BillyRayValentine has only made 2 trades in 2009 in comparison to the trade activity for 2008. I appreciate any insight or information in this regard.

Quantum09
Hi,

I think he has made a few more than just two trades this year. A lot of intra day stuff on shorter time frames is done using this same method by many of the traders here, including the aurthor of this thread. These levels aren't aways posted as I'm sure it takes a lot of time on everyones behalf to put them up here.
  • #11,834
  • May 28, 2009 8:49pm May 28, 2009 8:49pm
I think the original purpose to posting trades was to show how profitable and successful the method could be traded-- a point well proven by this juncture.
  • #11,835
  • May 28, 2009 8:53pm May 28, 2009 8:53pm
Morning,

Usd/cad is making another attack of the level which gave the nice bounce the other day. I'm going to place a short order on this @ 11080 and try to catch the break out
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  • #11,836
  • May 28, 2009 9:20pm May 28, 2009 9:20pm
Quoting Siam
Usd/cad is making another attack of the level which gave the nice bounce the other day. I'm going to place a short order on this @ 11080 and try to catch the break out
Hi, Siam.

Been watching the same target, but shouldn't one be waiting for a touch, a minor pull-back and then entering on that minor pull-back before 1.1080 to catch the momentum of the move through 1.1080?

In my mind, one could enter around 1.1110-ish (following the minor pull-back, of course).

Just asking. And I could be misunderstanding what you're saying. My apologies if this is the case.
  • #11,837
  • May 28, 2009 10:31pm May 28, 2009 10:31pm
Quoting Siam
Hi,

I think he has made a few more than just two trades this year. A lot of intra day stuff on shorter time frames is done using this same method by many of the traders here, including the aurthor of this thread. These levels aren't aways posted as I'm sure it takes a lot of time on everyones behalf to put them up here.
Hello Siam:

Thanks for responding to my inquiry. Yes, I was referring to his updates on the first post of the thread where he lists his trading. It was last updated this past week, so I assumed he was still updating it. Only two trades were indicated for 2009 so I was just curious. I appreciate your help.

Quantum09
  • #11,838
  • May 28, 2009 10:37pm May 28, 2009 10:37pm
Quoting hans356
Hi, Siam.

Been watching the same target, but shouldn't one be waiting for a touch, a minor pull-back and then entering on that minor pull-back before 1.1080 to catch the momentum of the move through 1.1080?

In my mind, one could enter around 1.1110-ish (following the minor pull-back, of course).

Just asking. And I could be misunderstanding what you're saying. My apologies if this is the case.
Hi,

Sounds fine. I'm just not always around to monitor pull backs etc so an order with my stop in place is all i can do at times. This could go completely pear shaped of course ,but I'm willing to take on the risk for a small loss. when price starts another attack around these levels I find that it works more often for me than not.

Good trading either way.
  • #11,839
  • May 28, 2009 11:55pm May 28, 2009 11:55pm
Quoting Mushwedu
BRV - does this qualify as the same scenario?

Attachment
Hi Mushwedu

Yeah same type of situation but maybe a little different than before.

963.4 got hit, faded, buy on the retracement expecting a breakout. This was a weaker breakout, I'm blaming end of month flows, but principle is there. Nice find.
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  • #11,840
  • May 29, 2009 2:25am May 29, 2009 2:25am
Double top or BO on GBPUSD @16078 I will be watching the low TFs.

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