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Pivots and Trends with the JPY

  • #121
  • Nov 24, 2009 2:30am Nov 24, 2009 2:30am
Quoting Islander
LOL - agreed....

I also believe in booking some profits, especially in Frankies Hour as its well known for reversals!

Here, I wasnt concentrating and didnt have my audio alert set, otherwise I'd have taken some profits as my EMA histogram showed bullish divergence on the slightly lower low - I know we can "see" that without the indy, BUT the indy acts as a visual alert and also forms a part of my trading rules....

I did add another short when price pulled back again to the 5m 30 ema - the magenta line is a 150ema on this TF....and yes, I...
very good islander, I'm reloading my shorts but with what i have allready baged, I don't know if i should risk this bag and go to bed early because of my flu, is that it dosen't even let me sleep so I'll see what is in the news, maybe if it goes back to the PP4929 and be a good boy I'll leave a small short for tomorrow like you say, I'm seing 4500 for the end of the week, what do you think? about this crazy idea?
The Chonchy
  • #122
  • Nov 24, 2009 3:02am Nov 24, 2009 3:02am
bingo, PP again I'm short from here again 4928, an entrie order at 4950 and a nother at central, and now to bed later guys I can't stand this any longer sorry
The Chonchy
  • #123
  • Nov 24, 2009 3:05am Nov 24, 2009 3:05am
Quoting chonchy
very good islander, I'm reloading my shorts but with what i have allready baged, I don't know if i should risk this bag and go to bed early because of my flu, is that it dosen't even let me sleep so I'll see what is in the news, maybe if it goes back to the PP4929 and be a good boy I'll leave a small short for tomorrow like you say, I'm seing 4500 for the end of the week, what do you think? about this crazy idea?
LOL - you'll need some bad news out of Europe or good news out of the US to see it that low, 4800 is good support....
Trading Levels with WRBs
  • #124
  • Nov 24, 2009 3:08am Nov 24, 2009 3:08am
Quoting Evilgoat
woah there! Stop with these illogical and radical ideas your spewing here.... what do you want? The everyday men and women to gain from all of this? ARE YOU MAD?

If only we ruled the world eh?

P.S When my army of robotic flying monkeys are finished and I launch my evil plan for world domination I'll make sure to leave you a spot at the head of the Global Bank of Evilgoat.

Carry on
Goat

Global Bank of Evilgoat I'm in.
  • #125
  • Nov 24, 2009 3:27am Nov 24, 2009 3:27am
Quoting knuckledrag
Global Bank of Evilgoat I'm in.
"If you're unarmed and helpless facing robotic flying monkeys, Evil wins"--Tedd Nugent.

even Teddy Nugent says I win.
  • #126
  • Nov 24, 2009 3:57am Nov 24, 2009 3:57am
Quoting Evilgoat
"If you're unarmed and helpless facing robotic flying monkeys, Evil wins"--Tedd Nugent.

even Teddy Nugent says I win.

But Teddy and I aren't unarmed. I sure would like one of those flying monkeys. How much weight can one carry, and can you get them to go on a beer run?
  • #127
  • Nov 24, 2009 4:01am Nov 24, 2009 4:01am
Quoting Islander
GM all - I hope cronchy and The Dove are feeling better.

I held my remaining short from yesterday afternoon with my TP at todays DP +5 - LOL, you can aready see how I'm remembering Dove's teaching from 2 years ago http://cdn.forexfactory.com/images/icons/icon14.gif That TP was hit early in the Asian session

Now having seen the action of cable, Euro and swissy around their DPs, just before FO I sold cable as it retraced towards its DP, actually turning back south off its 5m 30 ema (that's my favourite type of entry)

[b]My target...
OK - its just got to 1 pip away from the S1 level and I've closed my shorts.....the dollar's flat and € has just moved back above its DP, so I'm happy with pips in the bank.....time to take a break....
Trading Levels with WRBs
  • #128
  • Nov 24, 2009 4:08am Nov 24, 2009 4:08am
Quoting Islander
OK - its just got to 1 pip away from the S1 level and I've closed my shorts.....the dollar's flat and € has just moved back above its DP, so I'm happy with pips in the bank.....time to take a break....

I'm sorry, I missed what your saying. Did you close a Cable short? I'm hoping it breaks lower. I just moved my stops a little lower and waiting.
  • #129
  • Nov 24, 2009 5:59am Nov 24, 2009 5:59am
Quoting Islander
OK - its just got to 1 pip away from the S1 level and I've closed my shorts.....the dollar's flat and € has just moved back above its DP, so I'm happy with pips in the bank.....time to take a break....
I got in my charts 6495as the low's, 5 pips below S1, you meet your target islander I don't understand
The Chonchy
  • #130
  • Nov 24, 2009 6:00am Nov 24, 2009 6:00am
Quoting knuckledrag
I'm sorry, I missed what your saying. Did you close a Cable short? I'm hoping it breaks lower. I just moved my stops a little lower and waiting.
knuckles do you think the pound is going up?, are you long the pound?
The Chonchy
  • #131
  • Nov 24, 2009 7:02am Nov 24, 2009 7:02am
Quoting chonchy
I got in my charts 6495as the low's, 5 pips below S1, you meet your target islander I don't understand

Correct, but I posted just after the first push down.....it was 18 mins later before the actual break of the S1 and by that time I had already gone out.....just returned now at 8am est

@ knuckledrag.....yes, I basically trade cable and rarely post on any other pair - in my rush to go out I guess that I missed putting in the header....
Trading Levels with WRBs
  • #132
  • Edited 7:46am Nov 24, 2009 7:10am | Edited 7:46am
Quoting chonchy
knuckles do you think the pound is going up?, are you long the pound?
oh I see what you mean, that you move your TP stop lower or I'm i missing something here, hello where are you at work now?
The Chonchy
  • #133
  • Edited 7:35am Nov 24, 2009 7:19am | Edited 7:35am
Quoting chonchy
knuckles do you think the pound is going up?, are you long the pound?

Here's my chart of this European morning's action.....shorts from before the Frankfurt Open with add-ons available off the falling 30 ema (magenta) into my target area - I exited at the first green tick as mentioned above.

I wouldnt have taken a buy off that level, BUT would have got in on either of the green arrows as price broke up thru the then rising 30 ema - then changed to aqua blue as its turned and is sloping upwards....

Todays DP to its S1 is 73 pips and IMO, as mentioned yesterday, a GOOD intra day trader should have been able to collect 100 or so pips.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov 24 cable 5m 8am est.gif Size: 20 KB
Trading Levels with WRBs
  • #134
  • Nov 24, 2009 7:53am Nov 24, 2009 7:53am
after the king speach the pound must come down, and the yurrow must follow, i got cut in this humongous retrace, small lots but I'm cut, never though it was going to retrace like this wow, and I think is going to the 500 before the king let it drop, thanks god I trade such small lots in the begining of the trades but all the entrie orders that I had on the 4950 and 4978 are all triger OMG, OMG, don't panic Carlos don't panic, everything is going to be fine, hold on to your hat like Jay Walker saids
The Chonchy
  • #135
  • Edited 8:13am Nov 24, 2009 7:57am | Edited 8:13am
Quoting Islander
Here's my chart of this European morning's action.....shorts from before the Frankfurt Open with add-ons available off the falling 30 ema (magenta) into my target area - I exited at the first green tick as mentioned above.

I wouldnt have taken a buy off that level, BUT would have got in on either of the green arrows as price broke up thru the then rising 30 ema - then changed to aqua blue as its turned and is sloping upwards....

Todays DP to its S1 is 73 pips and IMO, as mentioned yesterday, a GOOD intra day trader should have been able to collect...
oh I collected those 73 pips allright but now I'm loosing the farm, Islander

by the way Islander that is a preaty fancy indicator that turns collors and all, is awesome, I like it
The Chonchy
  • #136
  • Nov 24, 2009 8:11am Nov 24, 2009 8:11am
10:00 o'clock consumer confidence, ask me how I think the consumer confidence is? well very high, unemployment is lowering the stimulus bail out money is being seing on the streets allready not only in the cristmas trees of the bank owners of golden sacks and JP morgan but maybe this is the kind of news that will bring the yurrow down, no, the king at 10:45 is the one that is going to mess it up, or fix it, who knows, after all he need a low yurrow for his exports
The Chonchy
  • #137
  • Nov 24, 2009 9:10am Nov 24, 2009 9:10am
well I got a couple of trades out of the woods here, lock in profits a couple of them, and once again my friend and mentor was right that told me to hold on to my hat, that is why I say that the dove_alliance is the best, I think when the king speak and the feds a 2:00 this thing is going to fly, and the beards are going to come out and play

Attached Image
The Chonchy
  • #138
  • Nov 24, 2009 9:54am Nov 24, 2009 9:54am
one trade (one lot ) stoped out, one lot in safe heaven and one lot in the hole big time, i will get out athe first chance ofcoming out eaven here, I don't like it very much anymore
The Chonchy
  • #139
  • Nov 24, 2009 10:06am Nov 24, 2009 10:06am
Quoting chonchy
one trade (one lot ) stoped out, one lot in safe heaven and one lot in the hole big time, i will get out athe first chance ofcoming out eaven here, I don't like it very much anymore
Just pop one of these and wait for the last one to climb up out of its hole....I'm finished for the day, pips safely in my bank and as they're slippery things, I'm keeping them there.....
Attached Image
Trading Levels with WRBs
  • #140
  • Nov 24, 2009 11:36am Nov 24, 2009 11:36am
Quoting Islander
Just pop one of these and wait for the last one to climb up out of its hole....I'm finished for the day, pips safely in my bank and as they're slippery things, I'm keeping them there.....
Hey Islander, can you send me a lifetime prescription for those pills?
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