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  • #12,981
  • Aug 17, 2009 11:52am Aug 17, 2009 11:52am
EURJPY is at an interesting place on H4.

Backside of large Daily TL.
50Fib of big rally
127DFZ of reversal 1st wave
Round number 13300

Looking for some price rejection to confirm the next trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy170809h4.jpg Size: 188 KB
  • #12,982
  • Aug 17, 2009 12:15pm Aug 17, 2009 12:15pm
Quoting RedCabbage
EURJPY is at an interesting place on H4.

Backside of large Daily TL.
50Fib of big rally
127DFZ of reversal 1st wave
Round number 13300

Looking for some price rejection to confirm the next trend.
Nice catch and there seems to be small tweezer bottoms on the H1 chart also.
  • #12,983
  • Aug 17, 2009 12:20pm Aug 17, 2009 12:20pm
[quote=booker66;2961103]
Quoting sam0182
USD/CHF short 1.08 is all I have on my watch list, 1.08 short, 61% fib

http://i24.photobucket.com/albums/c2.../th_uchf-1.jpg

i was squashed on my last short from 1.0730 .. shorting now from 1.0805 are u in ... 5min chart / risk 32pips will move to breakeven at 1.0773 with luck...
Attachment
I did take this, got in early at 10785 and stuck it out until being stopped out. Wasn't watching to re-enter at 1073, which would have been the next slot.

Last night was a little rough.
  • #12,984
  • Aug 17, 2009 1:30pm Aug 17, 2009 1:30pm
thanks cabbage .. decided to go for it with little risk.. have managed to sell half my position at 132.96 for a risk free trade nice one..

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 16 KB
  • #12,985
  • Aug 17, 2009 2:01pm Aug 17, 2009 2:01pm
Quoting sam0182



Last night was a little rough.
lucky bloke ... what was her name!!
  • #12,986
  • Aug 17, 2009 2:55pm Aug 17, 2009 2:55pm
hi brooker, i was just wondering have you added your own twist with the 20% level entry point?
do u not trade the brakeout from the previous high or low?

thanks
patrick
  • #12,987
  • Aug 17, 2009 3:41pm Aug 17, 2009 3:41pm
Quoting booker66
thanks cabbage .. decided to go for it with little risk.. have managed to sell half my position at 132.96 for a risk free trade nice one..

Attachment
A small head & shoulders is likely so we can expect a retest to around 13270.
  • #12,988
  • Aug 17, 2009 5:24pm Aug 17, 2009 5:24pm
Quoting pocrel
hi brooker, i was just wondering have you added your own twist with the 20% level entry point?
do u not trade the brakeout from the previous high or low?

thanks
patrick
hello pocrel.. i personally like to wait for favourable price action around the s/r range to confirm what i think is the direction, then get on the trade from a 20% extension of the present 5min bar ...
obviously you dont always get a breakout from the previous high or low , it often trades through the level in a range ,so waiting for confirmation (or not) instead of placing a trade at a set level is what i prefer ...
i get the timing wrong a lot but at least your attempting to read the price action instead of placing a trade at a level and hoping for a bounce .
hope that explains ... cheers .
  • #12,989
  • Aug 18, 2009 12:09am Aug 18, 2009 12:09am
Quoting booker66
lucky bloke ... what was her name!!
I only wish it was that sort of rough night.

I shorted UJ for a few points at 95. Now waiting for 95.75 as you pointed out last week.

Any other levels possibly on the menu for tonight?
  • #12,990
  • Aug 18, 2009 12:59am Aug 18, 2009 12:59am
Quoting RedCabbage
EURJPY is at an interesting place on H4.

Backside of large Daily TL.
50Fib of big rally
127DFZ of reversal 1st wave
Round number 13300

Looking for some price rejection to confirm the next trend.
+125 pips like clockwork.
  • #12,991
  • Aug 18, 2009 1:21am Aug 18, 2009 1:21am
May have missed an inverted H&S on USDCHF @3am GMT from 10745. Actual target number is 10733 so I will watch for a retest.
  • #12,992
  • Aug 18, 2009 2:50am Aug 18, 2009 2:50am
London open gave a retest to 10747 and I have now moved to b/e. Although I would still consider long from 10733 if this leg doesn't go too far.

German ZEW news will decide the fate of this one.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf180809h1.jpg Size: 182 KB
  • #12,993
  • Aug 18, 2009 10:53am Aug 18, 2009 10:53am
A quick trade on the loonie from a little earlier today.
Return to a level, expecting a drop to the psyche.
Would this classify as a NBT?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1hr.gif Size: 13 KB
  • #12,994
  • Aug 18, 2009 12:19pm Aug 18, 2009 12:19pm
Quoting RedCabbage
+125 pips like clockwork.
Very Nice! I am wondering if we can get a re-entry somewhere now.
  • #12,995
  • Aug 18, 2009 2:45pm Aug 18, 2009 2:45pm
Quoting sam0182
I only wish it was that sort of rough night.

I shorted UJ for a few points at 95. Now waiting for 95.75 as you pointed out last week.

Any other levels possibly on the menu for tonight?
hi, 95.75 was pointed out by tth i think... havent had much time today , but one eye on GBP/USD 165.85 area for resistance .. 76% on daily at 165.73 aswell. cheers...
  • #12,996
  • Aug 18, 2009 3:04pm Aug 18, 2009 3:04pm
in
  • #12,997
  • Aug 18, 2009 3:16pm Aug 18, 2009 3:16pm
Quoting watube
in
out .. shake it all about !
sorry ... on the short ?
  • #12,998
  • Aug 18, 2009 6:00pm Aug 18, 2009 6:00pm
Yes, you're right, sorry tth!

I'll check out GU later, appreciate the heads up.

Quoting booker66
hi, 95.75 was pointed out by tth i think... havent had much time today , but one eye on GBP/USD 165.85 area for resistance .. 76% on daily at 165.73 aswell. cheers...
  • #12,999
  • Aug 18, 2009 8:03pm Aug 18, 2009 8:03pm
Quoting booker66
hi, 95.75 was pointed out by tth i think... havent had much time today , but one eye on GBP/USD 165.85 area for resistance .. 76% on daily at 165.73 aswell. cheers...
hi maybe i ask how is the 1.6585 resistance obtained? thanks
  • #13,000
  • Aug 19, 2009 12:17am Aug 19, 2009 12:17am
Quoting yuan83
hi maybe i ask how is the 1.6585 resistance obtained? thanks
If you look at a 1hr chart you'll see the market closed around there for the high of the 14th and bounced off of it a couple times throughout the last few days
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