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  • #361
  • Apr 19, 2010 11:11am Apr 19, 2010 11:11am
Breakout of TL.
Retest of TL
Pin Bar forming

Busy area buy the way.
Attached Image
  • #362
  • Apr 19, 2010 3:07pm Apr 19, 2010 3:07pm
Quoting ogeid
Breakout of TL.
Retest of TL
Pin Bar forming

Busy area buy the way.
Where is that TL extended from cant see it on my charts?

Pretty cr*p day today for me...have no idea why I didnt take the touch trades earlier in the day would have been a very good profit now.

I'm out off all trades now and gonna wait until tomorrow until I look at my charts again, been ill all day and not in the mood to trade.
  • #363
  • Apr 19, 2010 3:13pm Apr 19, 2010 3:13pm
Quoting neutro
the chopiness on all the pairs...

This would have been the perfect trade for the day. PPZ, nice pin (a bit small), divergence. Nice RR.
Yes that would have been nice...takes guts to take a pin bar on the 5min timeframe...what pair is that...dont recognise it?

Playing touch trades with tight SL's @ the following levels would have been very profitable...really dont know why I hesitated and didnt play these

EJ long @ 123.30 PPZ with fib and TL confluence
GJ long @ 139.60 PPZ with 50 fib and TL confluence
EG short @ 8840 PPZ
GCHf long @ 1.6210 PPZ
Oil long @ 82.00 PPZ with T: and fib confluence
UC short @ 1.0200
  • #364
  • Apr 19, 2010 3:27pm Apr 19, 2010 3:27pm
Quoting lovejoy80
Where is that TL extended from cant see it on my charts?

Pretty cr*p day today for me...have no idea why I didnt take the touch trades earlier in the day would have been a very good profit now.

I'm out off all trades now and gonna wait until tomorrow until I look at my charts again, been ill all day and not in the mood to trade.
TL coming from last swing high.
Forget it it did not work and I fortunately did not take the trade,
  • #365
  • Apr 19, 2010 3:35pm Apr 19, 2010 3:35pm
Quoting ogeid
TL coming from last swing high.
Forget it it did not work and I fortunately did not take the trade,
Ok.

Looks like GS has all be forgotten and the latter part of last week was just a mild pullback to the underlying 4HR trend on most xxx/jpy and xxx/USD pairs. Plenty of 'event' news out tomorrow...will wipe my mind clean of the missed opportunites today and star again tomorrow. Noticed some interesting areas on the non-intraday pairs earlier...will post tomorrow morning.
  • #366
  • Apr 19, 2010 5:24pm Apr 19, 2010 5:24pm
Oil whent good first target 50% fib hit

http://i42.tinypic.com/11hq5ae.jpg


Lovejoy you where right it was bit risky.(Main reason was divergence 1h chart macd and rsi both.
  • #367
  • Apr 19, 2010 8:15pm Apr 19, 2010 8:15pm
Hi Guys i wanna share a indicator i founded in some thread it is great for finding good area's of confluence. Dont use the indy itself it is just a idea
Attached File(s)
File Type: mq4 _Crystal Ball.mq4   2 KB | 307 downloads
  • #368
  • Apr 20, 2010 12:15am Apr 20, 2010 12:15am
Quoting lovejoy80
Yes that would have been nice...takes guts to take a pin bar on the 5min timeframe...what pair is that...dont recognise it?

Playing touch trades with tight SL's @ the following levels would have been very profitable...really dont know why I hesitated and didnt play these

EJ long @ 123.30 PPZ with fib and TL confluence
GJ long @ 139.60 PPZ with 50 fib and TL confluence
EG short @ 8840 PPZ
GCHf long @ 1.6210 PPZ
Oil long @ 82.00 PPZ with T: and fib confluence
UC short @ 1.0200
E-mini S&P, you have it on FxPro. #EPM0
  • #369
  • Apr 20, 2010 12:47am Apr 20, 2010 12:47am
Quoting ingmarforex
Hi Guys i wanna share a indicator i founded in some thread it is great for finding good area's of confluence. Dont use the indy itself it is just a idea
lol, that really is a crystal ball.
  • #370
  • Apr 20, 2010 2:16am Apr 20, 2010 2:16am
Get ready guyz,

and keep an eye on gold for 1144.
.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #371
  • Apr 20, 2010 2:52am Apr 20, 2010 2:52am
Quoting nasir.khan
Get ready guyz,

and keep an eye on gold for 1144.
.
Slight concern with the strength of the down move on E/A...worth a small risk on a touch trade though I reckon

Defintiely liking Gold...
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 16 KB
  • #372
  • Apr 20, 2010 2:56am Apr 20, 2010 2:56am
Right...I've put yesterday behind me had a long sleep and am ready and rejuvinated for today.

Hopefully, if anything, people reading this thread can see how relatviely easy it is to make decent gains through this style of trading. I mean at various points during the day I had longs on EJ, GJ and shorts on UC and EG...look where they are now this morning. As also metnioned yesterday there were good touch trade opportunities on these and other pairs like Oil too.

It's all quite simple really...it's just applying it and managing the trades correctly that can be quite difficult at times (i.e. how much space to give) etc and I did that particularly poorly yesterday...closed GJ, EJ, UC way too early...even closed my best trade of the day - EG too early - we had a 4HR bEOB after my 1HR BEOB so should have not moved SL too closed...etc etc etc.

If playing yesterday well you could be sitting on 50% gains easily I reckon all using what is considered normal money management i.e. 1-3% risk per trade etc.

Anyway, enough dwelling on the past.
  • #373
  • Apr 20, 2010 3:17am Apr 20, 2010 3:17am
Quoting lovejoy80
Slight concern with the strength of the down move on E/A...worth a small risk on a touch trade though I reckon

Defintiely liking Gold...
if gold goes down EA won't stay. .
Actually I am long EG_EA_EC and short Uj..
  • #374
  • Apr 20, 2010 3:18am Apr 20, 2010 3:18am
Quoting ingmarforex
Hi Guys i wanna share a indicator i founded in some thread it is great for finding good area's of confluence. Dont use the indy itself it is just a idea
lol..what is this...just loaded it. What does it use to predict the future price?
  • #375
  • Apr 20, 2010 3:21am Apr 20, 2010 3:21am
Quoting lovejoy80
lol..what is this...just loaded it. What does it use to predict the future price?
I can't figure it out from the MetaEditor. But it's a fun indicator. Not for trading though
  • #376
  • Apr 20, 2010 3:25am Apr 20, 2010 3:25am
Short E/CAD 1.3630 BEOB H1 Target 1.355
  • #377
  • Apr 20, 2010 3:28am Apr 20, 2010 3:28am
Pending Order short E/AUD 1.4495 Breakout Trade
  • #378
  • Apr 20, 2010 3:31am Apr 20, 2010 3:31am
Hi, lovejoy80, and maybe others to help understand with below setup. I think there is a conflu of 61.8 fib, ppz and trendline, but, it didn't work out as expected, what could be the possible piece of element(s) I didn't factor in in this anaylsis, or am I in a wrong direction to find a setup of this like?

jeurre
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1 touch trade not working apr20.2010.gif Size: 20 KB
  • #379
  • Apr 20, 2010 3:34am Apr 20, 2010 3:34am
Sold GU and Sold EG
  • #380
  • Apr 20, 2010 3:38am Apr 20, 2010 3:38am
hi,lovejoy80, you sold GU too, where is your entry and stoploss points,please?

jeurre

Quoting lovejoy80
Sold GU and Sold EG
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