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  • #281
  • Apr 12, 2010 5:25am Apr 12, 2010 5:25am
Quoting blurbear
Try a small aussie long again @9271. Testing support zone 9260-70.
Looks like support holding up so far. Added another small batch of longs 9286.
  • #282
  • Apr 12, 2010 8:20am Apr 12, 2010 8:20am
Quoting Saxon
See Chart
another awesome call there saxon!
  • #283
  • Apr 12, 2010 10:09am Apr 12, 2010 10:09am


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  • #284
  • Apr 12, 2010 11:21am Apr 12, 2010 11:21am
Quoting Saxon
See Chart
I'm up 30 some odd pips on this one. Did anyone else take it with me. Played out perfectly. Chart to come
  • #285
  • Apr 12, 2010 11:22am Apr 12, 2010 11:22am
Quoting Saxon
I'm up 30 some odd pips on this one. Did anyone else take it with me. Played out perfectly. Chart to come
See Chart
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  • #286
  • Apr 12, 2010 11:24am Apr 12, 2010 11:24am
Quoting OvT
another awesome call there saxon!
Thanks OvT. PA was slow but it did what I thought it would. I am back at the desk again now, wasn't feeling well. Will get my charts going again and will hopefully have another trade setup in the works soon.
  • #287
  • Apr 12, 2010 11:36am Apr 12, 2010 11:36am
Quoting Saxon
Thanks OvT. PA was slow but it did what I thought it would. I am back at the desk again now, wasn't feeling well. Will get my charts going again and will hopefully have another trade setup in the works soon.
though i did not get myself a position in that setup, lol, missed the window

was watching e/u, u/chf and g/u all day, couldn't quite make sense of them, a/u as well, perhaps the gap clouding things a bit? u/j was the clearer of them all but now PA has slowed down as well

since PA is slow you should perhaps take a rest since you are not feeling well haha, things might heat up tomorrow

p/s - usd/chf been ranging between the two fib lines i have
  • #288
  • Apr 12, 2010 11:49am Apr 12, 2010 11:49am
Quoting Saxon
I'm up 30 some odd pips on this one. Did anyone else take it with me. Played out perfectly. Chart to come


Newby way: I tested it on demo for +25... was real slow to get going, but it finally hit TP

Thnx
  • #289
  • Apr 12, 2010 11:56am Apr 12, 2010 11:56am
Quoting OvT
though i did not get myself a position in that setup, lol, missed the window

was watching e/u, u/chf and g/u all day, couldn't quite make sense of them, a/u as well, perhaps the gap clouding things a bit? u/j was the clearer of them all but now PA has slowed down as well

since PA is slow you should perhaps take a rest since you are not feeling well haha, things might heat up tomorrow

p/s - usd/chf been ranging between the two fib lines i have
Ya, I have been guzzling coffee and taking naps and what not to try to get over whatever sickness I have.

Gap days, and especially sessions that start off with gaps, are one of my least favorite trading situations. I get too nervous trading in the pairs that have not closed their gaps yet. As the next london session starts, the gaps will lose a little relevance to me and I think that prices will be more rational. I liked the UJ setup since the gap closed earlier and rational PA was working. as soon as EU and UCHF narrow their gaps a bit more, I will probably get back into those. AU, UJ and UCAD are on my radar right now. If UJ does another test of the UTL, then there might be another opportunity for a few pips; but we will have to watch PA around UTL.

Good to have you on the thread OvT. I'll post again in a few. I gotta take a quick shower and load up the coffee pot again
  • #290
  • Apr 12, 2010 11:58am Apr 12, 2010 11:58am
Quoting Paulette


Newby way: I tested it on demo for +25... was real slow to get going, but it finally hit TP

Thnx

Great job! Always good to test on demos. Ya, PA was slow, but it moved where we wanted it to
  • #291
  • Apr 12, 2010 12:32pm Apr 12, 2010 12:32pm
Hello Saxon, I found your thread and I may follow along for a few days. Pice action was pretty stupid on e/u and I'm losing my mind. lol

Nice u/j short, I had about 16 pips on that one.

Keep up the good work.
  • #292
  • Apr 12, 2010 1:15pm Apr 12, 2010 1:15pm
Quoting Saxon
Ya, I have been guzzling coffee and taking naps and what not to try to get over whatever sickness I have.

Gap days, and especially sessions that start off with gaps, are one of my least favorite trading situations. I get too nervous trading in the pairs that have not closed their gaps yet. As the next london session starts, the gaps will lose a little relevance to me and I think that prices will be more rational. I liked the UJ setup since the gap closed earlier and rational PA was working. as soon as EU and UCHF narrow their gaps a bit more,...
good to be on the thread, learning from all you great traders
i will contribute what i have, they might not be as useful sometimes though lol

i have a/u running into R 9297 and now ranging at the S 9281, still couldn't figure out if this dip is a correction for a 9400 this week or not, it seems that the news just helped push it down, not the sole reason for it
  • #293
  • Apr 12, 2010 1:16pm Apr 12, 2010 1:16pm
Quoting calderone
Hello Saxon, I found your thread and I may follow along for a few days. Pice action was pretty stupid on e/u and I'm losing my mind. lol

Nice u/j short, I had about 16 pips on that one.

Keep up the good work.
yeh exactly, e/u and u/chf is painful to watch
any view on e/u?
  • #294
  • Apr 12, 2010 1:30pm Apr 12, 2010 1:30pm
Quoting OvT
yeh exactly, e/u and u/chf is painful to watch
any view on e/u?
I'm thinking Asian may push it up but I am often wrong. Zoom out on the 4hr and you can see the range we've been trading in. Big W formation.

I need to get out my chicken bones.
  • #295
  • Apr 12, 2010 1:48pm Apr 12, 2010 1:48pm
Quoting calderone
I'm thinking Asian may push it up but I am often wrong. Zoom out on the 4hr and you can see the range we've been trading in. Big W formation.

I need to get out my chicken bones.
that W can be butterfly too
  • #296
  • Apr 12, 2010 1:53pm Apr 12, 2010 1:53pm
Just thought that I would throw this up for anyone new. When I first pull up a chart, a good thing that I have found is to mark all your "00"s with a horizontal line. I also like to make it a color that my other S/R lines are not. So for me, regular stationary S/R lines are marked in a gold line. These are for example highs, lows, etc... I mark my "00"s with a green line. You will also find that these are great S/R lines in themselves. "00"s, I feel, either act as a PA (Price Action) Accelerator or a PA barrier. Either way, they are good to have easily visible on your charts. Just thought that I would add that in our downtime right now. 99% of you already know this, but in cases there is someone new in here, I just thought that I would post this. Here is a chart showing what I am talking about. It is just a simple UJ (USD/JPY) chart.
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  • #297
  • Apr 12, 2010 1:56pm Apr 12, 2010 1:56pm
Quoting OvT
good to be on the thread, learning from all you great traders
You're a great trader too I am always still learning too and I have definitely learned from you guys/girls as well.
  • #298
  • Apr 12, 2010 3:30pm Apr 12, 2010 3:30pm
usd/cad looks like a good trade, but im already short e/j trade, i dont want too much exposure

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  • #299
  • Apr 12, 2010 4:07pm Apr 12, 2010 4:07pm
Quoting Clouds
usd/cad looks like a good trade, but im already short e/j trade, i dont want too much exposure

Attachment

went ahead and bought usd/cad 15 pip SL, will set to BE in an hour if still in trade
  • #300
  • Apr 12, 2010 4:23pm Apr 12, 2010 4:23pm
Quoting Clouds

went ahead and bought usd/cad 15 pip SL, will set to BE in an hour if still in trade
I really want to get into CAD, but I want to wait for it to get tothe blue zone to feel comfortable enough in the trade. It might not get there and you could see it on the way up. Also, PA moving into my blue zone is getting less and less likely.
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