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  • #6,041
  • Mar 30, 2010 9:09am Mar 30, 2010 9:09am
Quoting frankkn
watching for a BPC through these levels

do they look right?
Here is where I have mine drawn this is the H1.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Near term support.png Size: 20 KB
  • #6,042
  • Mar 30, 2010 9:17am Mar 30, 2010 9:17am
Quoting NightMoves
Here is where I have mine drawn this is the H1.

--NM
Also keep in mind as I stated earlier that we are nearing the ADR and even these near term support levels can hold they seem to get stronger the closer we get to the ADR.

--NM
  • #6,043
  • Mar 30, 2010 9:21am Mar 30, 2010 9:21am
ADR seems really helpful. i dont think that thinkorswim offers that.

how much time does it look at when coming up with the average?
  • #6,044
  • Mar 30, 2010 9:22am Mar 30, 2010 9:22am
Quoting frankkn
ADR seems really helpful. i dont think that thinkorswim offers that.

how much time does it look at when coming up with the average?
You can set it to what ever you want I have mine set for a weeks worth of bars.

--NM
  • #6,045
  • Mar 30, 2010 9:23am Mar 30, 2010 9:23am
how does ADR compare to ATR?
  • #6,046
  • Edited 9:27am Mar 30, 2010 9:26am | Edited 9:27am
It will be interesting to see what price will @ the 1.3422 that is the previous days low, which is now acting as support. And the prior days high.

--NM
  • #6,047
  • Mar 30, 2010 9:34am Mar 30, 2010 9:34am
If I zoom out on the 15 min TF you can see the previous days low and the prior days high is holding at the moment.

--NM
Attached Image (click to enlarge)
Click to Enlarge Name: Support area.png Size: 17 KB
  • #6,048
  • Mar 30, 2010 9:54am Mar 30, 2010 9:54am
it is much more enjoyable to wait for a BPC as opposed to other entries, i like it. seems more stress free. even though i see entries ( like that 4h pin bar) i'd rather be out of a trade that i wished i was in than in a trade i wished i wasn't in

and we're back at 1.3422! this better get a move on a have class at 12:20
  • #6,049
  • Mar 30, 2010 9:57am Mar 30, 2010 9:57am
Quoting frankkn
it is much more enjoyable to wait for a BPC as opposed to other entries, i like it. seems more stress free. even though i see entries ( like that 4h pin bar) i'd rather be out of a trade that i wished i was in than in a trade i wished i wasn't in

and we're back at 1.3422! this better get a move on a have class at 12:20
Yeh its fighting to break that support for sure, it might give up and go the other way...

--NM
  • #6,050
  • Mar 30, 2010 10:06am Mar 30, 2010 10:06am
Quoting NightMoves
My EURAUD trade reached the first TP @ 217 pips. I took a small portion out @ 50 pips and moved SL at that point to BE. Now well below BE so we will see what it does from here.

--NM
  • #6,051
  • Mar 30, 2010 10:12am Mar 30, 2010 10:12am
Quoting frankkn
it is much more enjoyable to wait for a BPC as opposed to other entries, i like it. seems more stress free. even though i see entries ( like that 4h pin bar) i'd rather be out of a trade that i wished i was in than in a trade i wished i wasn't in

and we're back at 1.3422! this better get a move on a have class at 12:20
The BPC gives a little more reassurance that you are not entering into a false breakout.

--NM
  • #6,052
  • Mar 30, 2010 10:13am Mar 30, 2010 10:13am
DX up Gold DN EC UP S&P DN... feels like the real deal.

Quoting NightMoves
Yeh its fighting to break that support for sure, it might give up and go the other way...

--NM
  • #6,053
  • Mar 30, 2010 10:14am Mar 30, 2010 10:14am
we got our B now wheres this P. i better not miss this entry while i'm driving to campus
  • #6,054
  • Mar 30, 2010 10:18am Mar 30, 2010 10:18am
possible entry @ 1.3392

sl @ 1.3426?

getting ready to place a limit order

but we need to see more of a pullback right? this bar has only been around for a few minutes, and its past 11 so maybe we want a 2 bar pullback?
  • #6,055
  • Mar 30, 2010 10:27am Mar 30, 2010 10:27am
Quoting NightMoves
It will be interesting to see what price will @ the 1.3422 that is the previous days low, which is now acting as support. And the prior days high.

--NM
EU is now really soldiering along nicely...
  • #6,056
  • Mar 30, 2010 10:28am Mar 30, 2010 10:28am
Quoting Big1red9
DX up Gold DN EC UP S&P DN... feels like the real deal.
It would be nice, to catch another big move for sure.

--NM
  • #6,057
  • Mar 30, 2010 10:30am Mar 30, 2010 10:30am
Quoting Paulette
EU is now really soldiering along nicely...
Yes it is, I think the 134.00 is the last hurdle if we get can by that we should be good to go for awhile the support levels are so close to that RN that it becomes pretty risky to get in it just yet.
  • #6,058
  • Mar 30, 2010 10:33am Mar 30, 2010 10:33am
Quoting frankkn
possible entry @ 1.3392

sl @ 1.3426?

getting ready to place a limit order

but we need to see more of a pullback right? this bar has only been around for a few minutes, and its past 11 so maybe we want a 2 bar pullback?
I think the pullback is going to be off that 134.00 level, all the support levels were just a few pips away from it.

--NM
  • #6,059
  • Mar 30, 2010 10:40am Mar 30, 2010 10:40am
Quoting NightMoves
I think the pullback is going to be off that 134.00 level, all the support levels were just a few pips away from it.

--NM
not too sure what you mean by off of

but i gotta go to class, i'll probably be able to bust out my laptop but who knows.

think i'm putting in a limit order short at 1.3390 sl @1.3426
  • #6,060
  • Mar 30, 2010 10:49am Mar 30, 2010 10:49am
Quoting frankkn
not too sure what you mean by off of

but i gotta go to class, i'll probably be able to bust out my laptop but who knows.

think i'm putting in a limit order short at 1.3390 sl @1.3426
The bounce of the 134.00 RN it always bounces around those RN's.

--NM
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