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  • #12,221
  • Jun 22, 2009 1:51am Jun 22, 2009 1:51am
Quoting Hwd
BRV or any senior member,

Is this what u would call a superclean breakout?

Thanks,

DW
DW - Looks like you caught a great 1-2-3 pattern... nice entry. Well done ! Cheers, Loudoniii
  • #12,222
  • Jun 22, 2009 1:58am Jun 22, 2009 1:58am
Quoting RedCabbage
Hi Siam

I'm tracking a similar move on AUDJPY.
The AUDJPY trade on Friday was achingly slow but I was aware that the trade looked good in 4hr all day long. Now having made +170 pips it is clear this was a higher TF trade.
  • #12,223
  • Jun 22, 2009 2:21am Jun 22, 2009 2:21am
Quoting RedCabbage
The AUDJPY trade on Friday was achingly slow but I was aware that the trade looked good in 4hr all day long. Now having made +170 pips it is clear this was a higher TF trade.

Good going.

My eur/jpy order didn't hit. Certainly was a slow day Friday.
  • #12,224
  • Jun 22, 2009 2:25am Jun 22, 2009 2:25am
Quoting RedCabbage
The AUDJPY trade on Friday was achingly slow but I was aware that the trade looked good in 4hr all day long. Now having made +170 pips it is clear this was a higher TF trade.
I just took the $-Y trade a few minutes ago. I sold @ 96.18 w/SL @ 96.40.
It's tight but we'll see if it works. I set TP @ 95.65.
Year of the Dragon Wise Choices-Good Fortune!
  • #12,225
  • Jun 22, 2009 6:01am Jun 22, 2009 6:01am
Quoting seattlerust
Here's another look at the Gartley, on the Daily chart.
SR
seattlerust,
just going through some of your & this thread's previous posts..
above was your May7 post. Gartley aud$ daily chart target was 0.7985. this June the high is 0.8260-ish so far.
  • #12,226
  • Jun 22, 2009 8:25am Jun 22, 2009 8:25am
Anyone looking for a U/cad short?

I just hit my targe from 1.08 at 1.15 for +700!
  • #12,227
  • Jun 22, 2009 8:31am Jun 22, 2009 8:31am
Sunday to Monday night was the first time I let positions in real money run without me plus decided to start testing 3 additional pairs with cents. A/J, A/U and N/U.

Made 120 pips on GPB/USD and E/J in 6 trades. 100% hit rate so far. closed 2 positions thinking support would not hold again.
  • #12,228
  • Jun 22, 2009 8:32am Jun 22, 2009 8:32am
Turned out those 2 positions would be instant winners too.
  • #12,229
  • Jun 22, 2009 8:34am Jun 22, 2009 8:34am
Quoting jack.canadia
Anyone looking for a U/cad short?

I just hit my targe from 1.08 at 1.15 for +700!
I am short but it doesn't look very nice yet. 1.147 was my ideal turn around but that may have been negated as we had a spike up close to it last week.

Are you short Jack?
  • #12,230
  • Jun 22, 2009 8:37am Jun 22, 2009 8:37am
Quoting sam0182
I am short but it doesn't look very nice yet. 1.147 was my ideal turn around but that may have been negated as we had a spike up close to it last week.

Are you short Jack?
not yet .. waiting still going up i see lol
  • #12,231
  • Jun 22, 2009 8:39am Jun 22, 2009 8:39am
Quoting jack.canadia
not yet .. waiting still going up i see lol
Yep, I'm out of it.
  • #12,232
  • Jun 22, 2009 8:41am Jun 22, 2009 8:41am
hourly close above 1.15 i wont be taking a short
  • #12,233
  • Jun 22, 2009 8:50am Jun 22, 2009 8:50am
Quoting sam0182
I am short but it doesn't look very nice yet. 1.147 was my ideal turn around but that may have been negated as we had a spike up close to it last week.

Are you short Jack?
Hi Sam

I am interested in your thinking here - i am new to the thread and also had 1.1470 marked as my turnaround point. I went short here but was stopped out on the spike above 1.1510.

Was it the force of the earlier move up that concerned you?

thanks




Roy
  • #12,234
  • Jun 22, 2009 9:14am Jun 22, 2009 9:14am
Quoting rooster
Hi Sam

I am interested in your thinking here - i am new to the thread and also had 1.1470 marked as my turnaround point. I went short here but was stopped out on the spike above 1.1510.

Was it the force of the earlier move up that concerned you?

thanks




Roy
Exactly Roy. We had that spike on June 17 to 1.145, which is certainly in the range of this 1.147 reistance level. From there, we saw a 200+ point move down before moving back up. This morning's short was a riskier trade as that resistance range had already been tested and provided an opportunity to profit.

I coaxed myself into the trade by looking at some support coming on the EUR ie USD weakness to coincide with a second reaction at that level. Obviously, this wasn't the case.

Nonetheless, the trade provided an excellent R:R...I was able to have a tight stop and be taken out when we didn't see the anticipated reaction.

On to the next trade...
  • #12,235
  • Jun 22, 2009 9:21am Jun 22, 2009 9:21am
Quoting sam0182
Exactly Roy. We had that spike on June 17 to 1.145, which is certainly in the range of this 1.147 reistance level. From there, we saw a 200+ point move down before moving back up. This morning's short was a riskier trade as that resistance range had already been tested and provided an opportunity to profit.

I coaxed myself into the trade by looking at some support coming on the EUR ie USD weakness to coincide with a second reaction at that level. Obviously, this wasn't the case.

Nonetheless, the trade provided an excellent R:R...I was able...
thanks mate

I made an error here in that I didn't classify that earlier spike as a test of the level and looking retrospectively that is what i can now see on the chart.

as you say, on to the next one
  • #12,236
  • Jun 22, 2009 9:21am Jun 22, 2009 9:21am
Previous S&R and while we just tested this last week, it looks good for another bounce.

http://i24.photobucket.com/albums/c2..._eurjune22.jpg


1.374 EUR/USD Long
  • #12,237
  • Jun 22, 2009 11:55am Jun 22, 2009 11:55am
Quoting jack.canadia
Anyone looking for a U/cad short?
I just hit my targe from 1.08 at 1.15 for +700!
wow, talk about patience.
nice one, jack.canadia.
  • #12,238
  • Jun 22, 2009 12:34pm Jun 22, 2009 12:34pm
Daily chart below, previous S&R.

http://i24.photobucket.com/albums/c2...h_ucjune22.jpg

USD/CHF Short Opportunity, 109.55-109.85
  • #12,239
  • Jun 22, 2009 2:31pm Jun 22, 2009 2:31pm
Anyone going to take a USDCAD close (either 2100 or 0000 GMT) near to or below 1.15 as a selling opportunity?

Daily shows this as a pretty significant level.
  • #12,240
  • Jun 22, 2009 2:53pm Jun 22, 2009 2:53pm
The 1.1530 area where the actual bounce happened is also one of BRV's "spike bases" on the 4h. Maybe that was more appealing as a strong area for sellers than the S/R at 1.147...or maybe both will be broken.
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