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  • #381
  • Apr 20, 2010 3:38am Apr 20, 2010 3:38am
Quoting nasir.khan
if gold goes down EA won't stay. .
Actually I am long EG_EA_EC and short Uj..
Yep I understand your thinking...and if AU was @ 0.9325 when gold was @ 1445 that would be good too.

I'm waiting for 93.00 fopr UJ short.

I'm going with the trend on EG although I'm short GU too hmmm maybe I need to rethink that one!!
  • #382
  • Apr 20, 2010 3:41am Apr 20, 2010 3:41am
Quoting jeurre
hi,lovejoy80, you sold GU too, where is your entry and stoploss points,please?

jeurre
1.5387 SL @ 1.5417 - 2%
0.8756 SL@ 88.05 2%

EG short does not make sense if I'm shorting GU really...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eg.gif Size: 16 KB
  • #383
  • Apr 20, 2010 3:41am Apr 20, 2010 3:41am
Quoting lovejoy80
Yep I understand your thinking...and if AU was @ 0.9325 when gold was @ 1445 that would be good too.

I'm waiting for 93.00 fopr UJ short.

I'm going with the trend on EG although I'm short GU too hmmm maybe I need to rethink that one!!
It sounds strange to me LOL
  • #384
  • Apr 20, 2010 3:46am Apr 20, 2010 3:46am
GU stop 1.5417 , it barely missed a couple of points to hit, lucky trade !

Quoting lovejoy80
1.5387 SL @ 1.5417 - 2%
0.8756 SL@ 88.05 2%

EG short does not make sense if I'm shorting GU really...
  • #385
  • Apr 20, 2010 3:46am Apr 20, 2010 3:46am
Quoting ogeid
Short E/CAD 1.3630 BEOB H1 Target 1.355
I dont have the BEOB...I'd be careful on this one - just my opinion but you have a rising TL, PPZ and fib confluence...
  • #386
  • Apr 20, 2010 3:48am Apr 20, 2010 3:48am
Quoting jeurre
GU stop 1.5417 , it barely missed a couple of points to hit, lucky trade !
I placed the trade on the way back down after the news spike...i.e. SL was placed above that high was formed...only difference in our setups was you were looking at 1HR and I was looking at 4HR from what I can see.
  • #387
  • Apr 20, 2010 3:51am Apr 20, 2010 3:51am
Pending order short E/U 1.35 Daily TL. Mr. Jackson style.
  • #388
  • Apr 20, 2010 3:54am Apr 20, 2010 3:54am
yeah, I see, you mostly trade H4, that's correct

Quoting lovejoy80
I placed the trade on the way back down after the news spike...i.e. SL was placed above that high was formed...only difference in our setups was you were looking at 1HR and I was looking at 4HR from what I can see.
  • #389
  • Apr 20, 2010 4:03am Apr 20, 2010 4:03am
Some pending orders...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gold.gif Size: 18 KB
Click to Enlarge Name: uj.gif Size: 18 KB
  • #390
  • Apr 20, 2010 4:07am Apr 20, 2010 4:07am
Went long E/A...thanks to Nasir for pointing this out asI dont normally follow this pair intraday...but will add it to my list as it's worht having this pair...I've done a few trades on this pair in the past quite succesfully.



Long @ 1.4487, SL@ 1.4450 - 1%
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  • #391
  • Apr 20, 2010 4:11am Apr 20, 2010 4:11am
not sure if this one will work out nicely, maybe a bit earlier to enter?
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  • #392
  • Apr 20, 2010 4:15am Apr 20, 2010 4:15am
Quoting ogeid
Pending order short E/U 1.35 Daily TL. Mr. Jackson style.
I dont see a TL hitting this area?

I see EU trading sideways between 13680 and 13280 with the best PPZ in between @ 13550 and 13410.

The only daily TL I can see hasnt been meet yet.

Also on the daily we have a series of 3 HH and 3HL's

Just my opinion of course
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #393
  • Apr 20, 2010 4:16am Apr 20, 2010 4:16am
after being fooled by GU, decided to enter breakout of bar extremes, unfortunately, they returned their heads back into caves, sneaky pairs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd h4 apr.20.2010.gif Size: 19 KB
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  • #394
  • Apr 20, 2010 4:18am Apr 20, 2010 4:18am
well spotted, especially like your observation of HHs and HLs


Quoting lovejoy80
I dont see a TL hitting this area?

I see EU trading sideways between 13680 and 13280 with the best PPZ in between @ 13550 and 13410.

The only daily TL I can see hasnt been meet yet.

Also on the daily we have a series of 3 HH and 3HL's

Just my opinion of course
  • #395
  • Apr 20, 2010 4:23am Apr 20, 2010 4:23am
Quoting jeurre
not sure if this one will work out nicely, maybe a bit earlier to enter?
I dont trade this pair...but here is what my chart would look like.

I dont like that TL and would prefer a falling trendline or a round number as further confluence...i.e. as much confluence as possible in order to take this....not to say it might still work out but for the really good touch trades you need as mcuh confluence as possible...personally I like TL, fibs and clear PPZ if we havea round number and divergence then that would be superb! But I like PPZ and fibs as an absolute minimum but more comfortable if round number or TL is there too.
Attached Image (click to enlarge)
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  • #396
  • Apr 20, 2010 4:23am Apr 20, 2010 4:23am
Quoting lovejoy80
I dont see a TL hitting this area?

I see EU trading sideways between 13680 and 13280 with the best PPZ in between @ 13550 and 13410.

The only daily TL I can see hasnt been meet yet.

Also on the daily we have a series of 3 HH and 3HL's

Just my opinion of course
Start with Dec 04 to draw it down. This is how he does it.
I should not mention it LOL
  • #397
  • Apr 20, 2010 4:30am Apr 20, 2010 4:30am
Did you notice the number of your guests is increasing.
You should be happy
  • #398
  • Apr 20, 2010 4:30am Apr 20, 2010 4:30am
cool,lovejoy80. just a bit more understanding, is it correct to see the trade direction synchronize the trendline slope? I mean, if short, then a falling TL, long with rising TL?

jeurre

Quoting lovejoy80
I dont trade this pair...but here is what my chart would look like.

I dont like that TL and would prefer a falling trendline or a round number as further confluence...i.e. as much confluence as possible in order to take this....not to say it might still work out but for the really good touch trades you need as mcuh confluence as possible...personally I like TL, fibs and clear PPZ if we havea round number and divergence then that would be superb! But I like PPZ and fibs as an absolute minimum but more comfortable if round number or TL is there...
  • #399
  • Apr 20, 2010 4:30am Apr 20, 2010 4:30am
Quoting ogeid
Start with Dec 04 to draw it down. This is how he does it.
I should not mention it LOL
where is second connecting point 14th April?

The TL that was valid until broken was December - Jan - March highs i.e. a TL with three valid touches and rejections...moving the TL to touch the April high is curve fitting IMO and it only has 2 touches.

Personally I would not give much weight to the TL and as I mentioned there is no clear trend on the daily it is trading sideways and if anything has an upward bias.

I'm familiar with Jacko and have been a member of his private group...in fact I still think I am but just dont follow him anymore and personally think there are better ways of playing a trend. That's not a critiscism as I respect the guy, he is a succesful trader, manages his own fund and fundamentally knows what he's talking about.

  • #400
  • Apr 20, 2010 4:33am Apr 20, 2010 4:33am
it seems breakout trades make more sense to me. retrace play is still my weak area so far, had a series of 3 loss in a raw trading retrace today
Attached Image(s) (click to enlarge)
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