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Four Kids 2nd Journal

  • #201
  • Apr 5, 2010 1:46pm Apr 5, 2010 1:46pm
Quoting coolshades
Sell at 3450 Would be a bpc trade me thinks
Please post a chart.
  • #202
  • Apr 5, 2010 2:02pm Apr 5, 2010 2:02pm
daily chart below. one to watch imo

Quoting Four Kids
Please post a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurousd_daily_april2010.png Size: 19 KB
  • #203
  • Apr 5, 2010 2:57pm Apr 5, 2010 2:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 15 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
Ok cools, this is what I see:

To much congestion for me, between 3450 and 3350. The tops of A,B and the lows of C,D,E, reaching into that area with 3 bars B D E all closing in that area. Once their is a close below 3350 I will look for a trade.

3350 is an area of s/r that I drew on my monthly chart.

Reasons for the trade:
1) bars 1 and 2 have formed a pin at swing high
2) bars 1 and 2 are coming off your 50% fib
3) trade would be with the trend

Cools if you enter on the break of 3450 it is not a bpc. For it to be a bpc you would have to wait for a close below 3450, then a pullback to about 3450, then a continuation past the bar that closed below 3450.

This is just a PA (1,2 pin) trade at s/r (3570)
  • #204
  • Apr 5, 2010 7:33pm Apr 5, 2010 7:33pm
On the watch list: All are bpc. Although as I have said, sometimes I don't wait for the continuation, I jump in early, on 4h bar. I will just watch these pairs and see what develops.

All 3 from yesterday's watch list made +ve pips, although I only traded 2 of them. Ncad was too close to that s//r area, but now it has broken thru, closed below, and is pulling back to it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2acad.gif Size: 18 KB
Click to Enlarge Name: ncad.gif Size: 17 KB
Click to Enlarge Name: ucad.gif Size: 19 KB
Click to Enlarge Name: an.gif Size: 18 KB
Click to Enlarge Name: gn.gif Size: 15 KB
Click to Enlarge Name: eg.gif Size: 19 KB
  • #205
  • Apr 5, 2010 10:19pm Apr 5, 2010 10:19pm
Pending:
ucad 4 sell .9995, sl 1.0075, tp .9955
ucad 1 sell .9995, sl 1.0075, tp open
  • #206
  • Apr 5, 2010 10:50pm Apr 5, 2010 10:50pm
these entries based on?

Quoting Four Kids
Pending:
ucad 4 sell .9995, sl 1.0075, tp .9955
ucad 1 sell .9995, sl 1.0075, tp open
  • #207
  • Apr 5, 2010 11:33pm Apr 5, 2010 11:33pm
Bar 1 has BROKEN thru the s/r area ( pink line ) and closed below it. Bar 2 has PULLED BACK to that area. So now if bar 2 CONTINUES past the low of bar 1 then that completes the BPC. I have the entry point, as all ways, a few pips further on. In this case because the low of bar 1 was so close to the 1000 round number, I placed it a few pips below that. If bar 2 doesn't continue on, but keeps on pulling back, then I am not in the trade.

If 2 may come's down hit's my entry, then retrace's, well then I am in a losing trade. There is all ways a risk, in any trade. We don't know where price is going.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad2.gif Size: 19 KB
  • #208
  • Apr 5, 2010 11:40pm Apr 5, 2010 11:40pm
Cools did you short eu ? I see it is making +ve pips for any body who did.
  • #209
  • Apr 5, 2010 11:43pm Apr 5, 2010 11:43pm
gotcha. is your other ucad trade still running?

Quoting Four Kids
Bar 1 has BROKEN thru the s/r area ( pink line ) and closed below it. Bar 2 has PULLED BACK to that area. So now if bar 2 CONTINUES past the low of bar 1 then that completes the BPC. I have the entry point, as all ways, a few pips further on. In this case because the low of bar 1 was so close to the 1000 round number, I placed it a few pips below that. If bar 2 doesn't continue on, but keeps on pulling back, then I am not in the trade.

If 2 may come's down hit's my entry, then retrace's, well then I am in a losing trade....
  • #210
  • Apr 5, 2010 11:44pm Apr 5, 2010 11:44pm
not yet. waiting for it to retrace close to 3465 ish before going short.

Quoting Four Kids
Cools did you short eu ? I see it is making +ve pips for any body who did.
  • #211
  • Apr 5, 2010 11:50pm Apr 5, 2010 11:50pm
Quoting coolshades
gotcha. is your other ucad trade still running?
No closed it at 1.0018, +42pips. Post # 200.
  • #212
  • Apr 5, 2010 11:56pm Apr 5, 2010 11:56pm
I hard to understand ，cause your point of views so professional ...^^
But i will try my best ...
Thank Q Cool and Fourkids .
  • #213
  • Apr 6, 2010 2:21am Apr 6, 2010 2:21am
4k,

will look to sell cable below 1.5143 (low of last h4 candle) if a p and a c occurs on h4. chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_h4_april2010.png Size: 20 KB
  • #214
  • Apr 6, 2010 3:59am Apr 6, 2010 3:59am
a query.

what if low of bar 2 is lower than that of bar 1? is your entry then 10-15 pips below low of bar2? or still 10-15 pips below that of bar 1?

Quoting Four Kids
Bar 1 has BROKEN thru the s/r area ( pink line ) and closed below it. Bar 2 has PULLED BACK to that area. So now if bar 2 CONTINUES past the low of bar 1 then that completes the BPC. I have the entry point, as all ways, a few pips further on. In this case because the low of bar 1 was so close to the 1000 round number, I placed it a few pips below that. If bar 2 doesn't continue on, but keeps on pulling back, then I am not in the trade.

If 2 may come's down hit's my entry, then retrace's, well then I am in a losing trade....
  • #215
  • Apr 6, 2010 4:06am Apr 6, 2010 4:06am
As soon as bar 2 goes lower than bar 1, I enter.
  • #216
  • Edited 4:21am Apr 6, 2010 4:08am | Edited 4:21am
ok, thks. so low of bar 2 is immaterial.

i have a pending short on cable at 5130 now based on earlier chart. lets see how she goes.

i have killed this trade. all along i was looking at cable charts and thinking it was euro!!!. i am still awaiting pull back on euro to the 3450-60 ish line.



Quoting Four Kids
As soon as bar 2 goes lower than bar 1, I enter.
  • #217
  • Apr 6, 2010 5:16am Apr 6, 2010 5:16am
bumping this up for watch list.

Quoting Four Kids
Whoops hit the wrong button.

On the nu chart I see bars 3,5,7and 8 all reaching close to the sr area at 6970. That is what I mean by to much congestion. Between 6970 and 6845 I see quite a clear run.

But cools, this is only what I see, and I am sure their are many people who will short on the break of 7020, and make money, it's just not how I trade.

More than once, before I got to this point in my trading, I was put off good trades by reading what was said by traders who I was learning off, and visa versa, taking trades that were losers, because...
  • #218
  • Apr 6, 2010 7:24am Apr 6, 2010 7:24am
Fourkids your conclude so precise ...
  • #219
  • Apr 6, 2010 10:20am Apr 6, 2010 10:20am
Quoting Four Kids
As soon as bar 2 goes lower than bar 1, I enter.
But bar 2 has to pullback first. If bar 2 opens and carries on past the low of bar 1 without pulling back first, I do not enter.
  • #220
  • Apr 6, 2010 10:23am Apr 6, 2010 10:23am
Quoting Alex2010
I hard to understand ，cause your point of views so professional ...^^
But i will try my best ...
Thank Q Cool and Fourkids .
Alex I suggest you read the j16 thread, and Strat's thread, and maybe Clockwork71's thread.
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