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Attachments: 1 hr HAMA, 6 ema
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1 hr HAMA, 6 ema

  • #21
  • Edited 1:54am Jul 6, 2009 12:59am | Edited 1:54am
On the assumption that we have some upper wicks on ej 1 hr chart it may continue to fall. If it does I'd expect some res in 132.65-132.30 area and then again 132 and 131.30.
  • #22
  • Edited 6:13am Jul 6, 2009 2:56am | Edited 6:13am
I can't explain it but we switched from ej to gbp, it had a very similar 1 hr shooting star. I missed the first lh sell as I was away from the computer but did sell the break of 6250 getting entry at 6246 and out for 95 pips.

Ej has since found res at the first levels mentioned.

I have to take TOD ('the old dear' aka my mom) to the bank but no problem it may well drift for a bit after the big falls. If it does fall further c'est la vie!!
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  • #23
  • Jul 6, 2009 3:08am Jul 6, 2009 3:08am
I don't see too much to stop GU maybe the top of 27 May's shooting star and some weekly/monthly pivots. We'll see.
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  • #24
  • Jul 6, 2009 6:49am Jul 6, 2009 6:49am
Quoting Vantage
On the assumption that we have some upper wicks on ej 1 hr chart it may continue to fall. If it does I'd expect some res in 132.65-132.30 area and then again 132 and 131.30.
So far the 132.30-65 area has been a tough nut to crack we'll see what US session brings.
  • #25
  • Jul 6, 2009 6:51am Jul 6, 2009 6:51am
Quoting Vantage
I don't see too much to stop GU maybe the top of 27 May's shooting star and some weekly/monthly pivots. We'll see.
So far the top of 27 May's shooting star at 1.6090 has indeed been res. We are shaping up for another big shooting star on 1 hr, again we'll see what US session brings.
  • #26
  • Jul 6, 2009 7:11am Jul 6, 2009 7:11am
Just showing a London session summary.

GBP the best lh trade was the first lh at +-1.6283, it then fell a total 180 odd pips. I missed around 40 as I didn't get first lh trade and exited in the chop between the W S1 amd M M2 for 95 pips. Price did fall another 50 pips. Considering the 1st move was missed and I had to go out I consider this OK.
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  • #27
  • Jul 6, 2009 7:14am Jul 6, 2009 7:14am
EU had a lh close just below the brown 252 ema (roughly = to 1 hr 21 ema) and then fell around 100 pips to the D MS3 pivot.

I did not trade eu this is just to show systems potential.
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  • #28
  • Jul 6, 2009 7:17am Jul 6, 2009 7:17am
EJ had a nice divergence sell around 133.60 but the first lh sell was 133.30. We fell well over 100 pips to 132.15, not a weekly or monthly pivot but easily seen supp areas going back to 16-20 June.

Again I didn't trade ej just showing systems potential.
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  • #29
  • Jul 6, 2009 9:18pm Jul 6, 2009 9:18pm
Used this system loosely last night to skim 35 pips of GBP/USD.

Just noticed that the HAMA is exactly the same as a 21 EMA.
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Starting to see instead of just looking.
  • #30
  • Jul 7, 2009 3:21am Jul 7, 2009 3:21am
Quoting Rastaman
Used this system loosely last night to skim 35 pips of GBP/USD.

Just noticed that the HAMA is exactly the same as a 21 EMA.
Cool!!
  • #31
  • Edited 4:12am Jul 7, 2009 3:26am | Edited 4:12am
A very active morning with gbp and ej trades. The gbp was a Mrs V fave 1 min entry and has been posted there.

EJ, the first lh red shooting star with arrow was just before we got to the computer.

The green shooting star in a downtrend was perfect and we sold 133.04. We didn't wait for the lh close below 133.00. Sold again below 132.50.

All out with UK news coming.
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  • #32
  • Nov 23, 2009 6:41am Nov 23, 2009 6:41am
On days like today I just wish I could let go of my scalping personality. I hr charts eur, gbp, ej.
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  • #33
  • Edited 7:17am Nov 23, 2009 6:55am | Edited 7:17am
5 min attached. I tried a buy around 6535 but price was moving too quickly, got in first trade in push up from 6550. Got around 45 pips (over 3 trades) which is not too bad but looking at what was available it looks like I'm going to have to seriously change my trade style and focus on this method a heck of a lot more.

See http://www.forexfactory.com/showthre...92#post3253292 where I do my analysis at start of Frankies session.

Definitely going to need to get a better balance between putting something in the bank and letting some run.
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  • #34
  • Nov 23, 2009 7:46am Nov 23, 2009 7:46am
Conservatively 60 pips available from the same entry where I first scalped in this morning on gbp v. the 45 I got. Probably at least 50 on ej and a smallish trade on eur (at least from the time I would have been up).

If this system had been followed by guys in Asian session it would have been massive trades.

Just posting eur and ej 5 min charts as much for a mental kick in the seat of the pants for me as anything else. I didn't trade ej or eur this am.
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  • #35
  • Nov 24, 2009 1:24am Nov 24, 2009 1:24am
I wasn't around at the time for first system trade here around 132.81. My first bite at this apple from 1 min chart. In view of the size of move already my profit expectations are vastly different and exited at +20 (well got an ear bend from Mrs V to bank).
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  • #36
  • Nov 24, 2009 1:41am Nov 24, 2009 1:41am
Quoting Vantage
I wasn't around at the time for first system trade here around 132.81. My first bite at this apple from 1 min chart. In view of the size of move already my profit expectations are vastly different and exited at +20 (well got an ear bend from Mrs V to bank).
In Mrs V's defence she did see eur at 4900 when we exited, eur slipped through allowing ej to just about touch 132.00. So we got 20 instead of 40.

Mrs V is looking forward to trading just as soon as she gets out of hospital.
  • #37
  • Nov 25, 2009 6:17am Nov 25, 2009 6:17am
I was pretty ticked off when I was focusing on charts this move had largely happened, again shows clearly how nice these moves are.

Daily had a nice hammer at lower TL so upday was to be expected. 1 hr was moving up but had a pullback to D M3 just above 6600. 5 min shows a perfect higher low entry around 6615.

Just want to keep this idea ticking over to post what perfect trade looks like.
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  • #38
  • Nov 26, 2009 3:19am Nov 26, 2009 3:19am
I originally thought an up day with a strong close yesterday and a nice hammer on this 1hr chart. Didn't get any buys and the next candle closed a shooting star around 6655, so was then looking to sell being below 21ema (hama).

Got 3 sells in today first at 6640. Whilst it was a good day I'm still exiting too early.
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  • #39
  • Nov 27, 2009 1:45am Nov 27, 2009 1:45am
Very nice set up this morning. This trade has been posted elsewhere. Lower high, in downtrend, shooting star, reject of 25 psych level 5 min chart on top, 1hr below.
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  • #40
  • Edited 8:30am Dec 1, 2009 8:07am | Edited 8:30am
Another very nice set up on gbp this morning. It actually started with the 2 hammers below the 21 ema.

Anyway when the 5 min goes above its ema (252 roughly = to 1hr 21 ema) with a nice higher low another perfect trade.
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