It closed right on the 60mn uppper trendline after bouncing 3 times off it.
It's too dangerous to take a trade now, i will wait a close well above it to go long
It's too dangerous to take a trade now, i will wait a close well above it to go long
EUR/GBP - What a great pair to trade!
- #182
- Jan 19, 2010 4:40am Jan 19, 2010 4:40am
- Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts
take another short @ the rebond @ 0.8820 sl 0.8840
8720 should be my tp now...
What next ???? Any view ?
- #183
- Jan 19, 2010 4:45am Jan 19, 2010 4:45am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
8720 should be my tp now...
What next ???? Any view ?
Good luck & good job on those gains buddy
Thank You
- #184
- Jan 19, 2010 5:03am Jan 19, 2010 5:03am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
8720 should be my tp now...
What next ???? Any view ?
8720 is the next area of support but I am tempted to use the upper trend line as a manual trailing stop because this has been such a steady fall.
Wormboy thanks for the heads up on that divergence and if it plays out it could be off the 8700 level. I am very bearish on the Euro at the moment so I won't be taking a long unless I see reversal price action on the H4 or daily.
Gone to a better place
- #185
- Jan 19, 2010 6:47am Jan 19, 2010 6:47am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
8720 is the next area of support but I am tempted to use the upper trend line as a manual trailing stop because this has been such a steady fall.
Wormboy thanks for the heads up on that divergence and if it plays out it could be off the 8700 level. I am very bearish on the Euro at the moment so I won't be taking a long unless I see reversal price action on the H4 or daily.
Thank You
- #186
- Jan 19, 2010 7:35am Jan 19, 2010 7:35am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
still long
The Chonchy
- #187
- Jan 19, 2010 7:40am Jan 19, 2010 7:40am
- Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts
still long
BUT ! violent was the downtrend, violent will be the uptrend...
Patience Buddy !
- #189
- Jan 19, 2010 8:05am Jan 19, 2010 8:05am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
On Daily Chart we have a GARLEY Bullish Pattern...
So, Need the current daily candle to close before confirm it.
But Chonchy is long and I always am in the opposite direction to Carlos !
Gone to a better place
- #190
- Jan 19, 2010 8:15am Jan 19, 2010 8:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Could be tad early, but I reckon I got in at a good price, given how the halfday chart is currently shaping up. Price had created lower low & stalling at an old ltl level while osc just double bottomed, well, almost double bottomed.
Let's see how this goes.
Good luck fellas
Let's see how this goes.
Good luck fellas
Thank You
- #192
- Jan 19, 2010 9:00am Jan 19, 2010 9:00am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Eurodol under daily 200MA @ 1.4293... Flavor short on eurgbp. My objective are now 0.872 & 0.8680 in extension.
BUT ! violent was the downtrend, violent will be the uptrend...
Patience Buddy !
The Chonchy
- #193
- Jan 19, 2010 9:10am Jan 19, 2010 9:10am
- | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
wormboy
How do you get the H12 time frame for your MarketScope 2.0 chart? TIA.
How do you get the H12 time frame for your MarketScope 2.0 chart? TIA.
Could be tad early, but I reckon I got in at a good price, given how the halfday chart is currently shaping up. Price had created lower low & stalling at an old ltl level while osc just double bottomed, well, almost double bottomed.
Let's see how this goes.
Good luck fellas
- #195
- Jan 19, 2010 9:33am Jan 19, 2010 9:33am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Is it a good Gartley? (I have no knowledge of Gartley probabilities).
But Chonchy is long and I always am in the opposite direction to Carlos !
The Chonchy
- #196
- Edited 12:08pm Jan 19, 2010 9:56am | Edited 12:08pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Let's see how this goes.
Gone to a better place
- #197
- Jan 19, 2010 10:33am Jan 19, 2010 10:33am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Wormboy I'm not sure if your divergence chart is valid because of the low on 3rd/4th January. I would definitely want to see more price action than this for a reversal or even retracement.
The Chonchy
- #199
- Jan 19, 2010 3:42pm Jan 19, 2010 3:42pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place