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  • #12,201
  • Jun 18, 2009 11:34pm Jun 18, 2009 11:34pm
Attached Image (click to enlarge)
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OK Steve, I know you already mentioned this one. Just wanted to ad my 2 cents (appropriately adjusted for inflation of course)
Energy and persistence conquer all things! Ben Franklin
  • #12,202
  • Jun 19, 2009 12:46am Jun 19, 2009 12:46am
Quoting Siam
Hi,

Not quite sure what that means ??????? But it is still early over here.

.
Siam -

Where are you? With your name, sounds like maybe Thailand.

I am in Chiang Mai.

bjohn34
"Money is easy to make, but hard to keep" - FWV 1975
  • #12,203
  • Jun 19, 2009 1:11am Jun 19, 2009 1:11am
Hello Everyone...

Just trying to commit myself with this wonderful community as I do not get much time to post my observations, I am still learning though from you wonderful traders. Please find the attached EURUSD Chart for 19-06-2009 as what I feel may be important levels to monitor on this trading day. Comments are most welcomed as I said, I am still in the process of learning and cannot dare to compete with all your talents and excellence but this may be one of the ways by which I can expand my horizon of understanding.

Thanks once again for excellent training provided here.

Happy trading,
Yusuf SHAIKH
Attached Image (click to enlarge)
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Its Time to Change the Ratio Skype: NoWorriesTraders
  • #12,204
  • Jun 19, 2009 1:38am Jun 19, 2009 1:38am
These look a bit bullish today. Nice bullish channel formed on EURUSD, Falling wedge on GBPUSD, and triangle on EURJPY being broken to the upside right now:
Attached Image(s) (click to enlarge)
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  • #12,205
  • Jun 19, 2009 1:54am Jun 19, 2009 1:54am
Actually, I went short on all three. Correction is due IMO.
  • #12,206
  • Jun 19, 2009 2:05am Jun 19, 2009 2:05am
Quoting ShivtP
Just started following these trades, going to try on demo account
Wow, don't do what I'm doing, lol. I'm not experienced. Don't give trade signals... Anyway, don't try this on a real account
  • #12,207
  • Jun 19, 2009 2:17am Jun 19, 2009 2:17am
Artnoon,,

Gearing up for a short on Eur/Jpy 13530 ish, with the next level at 3570 lining up with a 50 fib as a nice place to tuck a stop behind.
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  • #12,208
  • Jun 19, 2009 3:13am Jun 19, 2009 3:13am
Quoting Siam
Artnoon,,

Gearing up for a short on Eur/Jpy 13530 ish, with the next level at 3570 lining up with a 50 fib as a nice place to tuck a stop behind.

I am looking into that too. But the market is moving so slow now..
Always hunting for pips, even in the dark
  • #12,209
  • Jun 19, 2009 3:33am Jun 19, 2009 3:33am
Quoting jaddy
I am looking into that too. But the market is moving so slow now..
Keep in mind that 135 is also resistance, round number and 100% fib extension of an H1 impulsive wave (I found fib extensions to be pretty reliable in confluence with S/R). So I'm already short at 135...
  • #12,210
  • Jun 19, 2009 3:35am Jun 19, 2009 3:35am
Quoting Siam
Artnoon,,

Gearing up for a short on Eur/Jpy 13530 ish, with the next level at 3570 lining up with a 50 fib as a nice place to tuck a stop behind.
Hi Siam

I'm tracking a similar move on AUDJPY.
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  • #12,211
  • Edited 5:12am Jun 19, 2009 4:05am | Edited 5:12am
Very nice short opportunity at 1.3890 - 1.3910.

Edit: I withdraw my words. LOL. Disaster!
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  • #12,212
  • Jun 19, 2009 6:49am Jun 19, 2009 6:49am
Siam thanks.

You are right. I am my own worst enemy.
Tonight set 6 orders small money. 5 got filled and brought 120 pips all T/P. 100% hit rate so to speak. Actually, a lot of position I closed before S/L got hit turned winners.
Had I set my usual pip size I would gave got around $700 by just sleeping and not sticking my nose into each pip. Seems I gotta change my attitude and go with limit orders. Combine superior opportunities detection with emotionless auto trading so to speak
I am really glad I shambled upon this blog. It is not for lazy people. You make your work (plan) and trade it. It is now I understand what it means plan your trade and trade your plan.
The last thing to do is to control myself or as Siam says just let things run by themselves, it is better this way.
My DDs are low, maximum has been 3.5%, but I am not happy with returns due to above described reason.

Thank you again for response.
  • #12,213
  • Jun 19, 2009 6:58am Jun 19, 2009 6:58am
What people thinking about shorting GBP/USD today between 1.6500-1.6525?
another choice would be around 1.6547.
If price reaches there of course.
  • #12,214
  • Jun 19, 2009 8:52am Jun 19, 2009 8:52am
Hey guys .. 2-hour doji formed plus potential 2-hr shooting star in GBP/USD brewing..

no chart just check your own. This is bearish against the daily R1 pivot and 6500, plus resistance in the 70's
  • #12,215
  • Jun 19, 2009 10:58am Jun 19, 2009 10:58am
Quoting RedCabbage
Hi Siam

I'm tracking a similar move on AUDJPY.
Painfully slow PA that yielded a maximum 60pips. USDJPY was a much better move all day from just below resistance at 9724, then California was threatened with downgrading and the bottom fell out of the dollar completely.

Have a good weekend all.
  • #12,216
  • Jun 19, 2009 2:18pm Jun 19, 2009 2:18pm
Quoting RedCabbage
Trend line discussed earlier today on cable still seems to be valid as it coincides with 16400 and the sentiment change resulting from talking heads.

Generally I don't trust broken TLs for more than one bounce.
Thanks for the post RC. We'll see what next week brings us.
  • #12,217
  • Jun 19, 2009 11:30pm Jun 19, 2009 11:30pm
I am so mad I didn't get a chance to trade this one. GBP/JPY at 155.00 IMO was a high probability setup! Fib 38.2 (143.00 to 162.57)= 155.10 and the level was decent resistance in the past as well.My alarm went off 15 pips before reaching the level and by the time i got to the computer 15 - 20 seconds later price already kissed the 155.00 and went back 18 pips then straight up to 156.00. Price got in and out sooooooo quickly I couldnt even react fast enough to catch it. This has happened to me twice since the start of the year. I am mad because it was an A setup (in my opinion of course).I know more opportunities are left to come though it just annoys me to see this one go like that.
Attached Image (click to enlarge)
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  • #12,218
  • Jun 20, 2009 1:37am Jun 20, 2009 1:37am
Quoting Iron-man
There are a couple areas that interest me on the higher timeframes. The 1.1067-54 area and the 1.1274-49 area. These should offer areas of decent reaction. With the year end valuations on this pair projected much higher these will eventually become good buy areas as well when price pushes above them and falls it is a good idea to expect these areas to hold support. Happy Trading!

Attachment
Hello IronMan:

Based on your screen pic, given the fact that price is far below both of the two levels you outlined, does this mean that you see price reaching 1.1067-54 area, then dropping significantly, only to rise back through this level and reach the 1.1274 area, and then drop again?
  • #12,219
  • Edited 1:57pm Jun 20, 2009 1:23pm | Edited 1:57pm
Hi all, been folling the NBT group for a while now and have found it mosr useful.

I want to run something past you as I am new to trading and not sure if I am right in my thinking.

On USDCHF Daily chart, my last 3 candles have lows of:

1.0764
1.0763
1.0765

Three matching consecutive lows all within two pips of the last.

Am I right in thinking this ia a trend continuation breakout.

Thanks for any advice you can give.
Ian.

Edit: Just did some studying. The last bar has a lower close, so this is not the right setup, it needed to a higher close.
  • #12,220
  • Jun 21, 2009 9:24pm Jun 21, 2009 9:24pm
BRV or any senior member,

Is this what u would call a superclean breakout?

Thanks,

DW
Attached Image (click to enlarge)
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