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  • #2,101
  • May 24, 2010 3:12am May 24, 2010 3:12am
Quoting Saxon
It's trying. Confluence with "00" though
PA targets hit/taken on AU, GU, EU and UCAD charts
+83 pips GU
+41 pips AU
+38 pips EU
+31 pips UCAD

Set trail too close so I was liquidated early.
  • #2,102
  • May 24, 2010 3:14am May 24, 2010 3:14am
Quoting Saxon
PA targets hit/taken on AU, GU, EU and UCAD charts
+83 pips GU
+41 pips AU
+38 pips EU
+31 pips UCAD

Set trail too close so I was liquidated early.
Nice! I haven't had as much luck tonight.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,103
  • May 24, 2010 3:16am May 24, 2010 3:16am
Quoting Saxon
PA targets hit/taken on AU, GU, EU and UCAD charts
+83 pips GU
+41 pips AU
+38 pips EU
+31 pips UCAD

Set trail too close so I was liquidated early.
CAD taken to Monthly R
AUD taken a few pips off "00"
GBP taken a few pips off DP
EUR taken on break of confluence
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  • #2,104
  • May 24, 2010 3:17am May 24, 2010 3:17am
Quoting Saxon
CAD taken to Monthly R
AUD taken a few pips off "00"
GBP taken a few pips off DP
EUR taken on break of confluence
PA too fast on EU to take next target obviously
  • #2,105
  • May 24, 2010 3:19am May 24, 2010 3:19am
Quoting MarcVUM
Nice! I haven't had as much luck tonight.
The night isn't done yet Watching AU on DP and "00" for next direction. EU and GU motivating it. How did your trades do? Save some AU for us
  • #2,106
  • May 24, 2010 3:21am May 24, 2010 3:21am
Quoting Saxon
The night isn't done yet Watching AU on DP and "00" for next direction. EU and GU motivating it. How did your trades do? Save some AU for us
ha ha. I've made money (a little) and not lost any so I guess they are going ok but PA is so choppy! It's driving me nuts.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,107
  • May 24, 2010 3:28am May 24, 2010 3:28am
Quoting MarcVUM
ha ha. I've made money (a little) and not lost any so I guess they are going ok but PA is so choppy! It's driving me nuts.
Isn't there a big bank holiday or somthing in most of Europe today too? That might be messing with things. AU is a tough read for me right now. It seems that it is taking more direction from GU and EU than anything else. The only thing that was holding it back from the big Europe drop originally was that TL, but then it flew through that and caught up with EU and GU. UCAD and AU are on a lag tonight/day so if you are careful quick enough, if you see a significant/fast drop in EU followed with a moderate GU drop, you can catch it in AU before it make the most of the move. This is really really risky though since a lot of the EU PA shifts are just "jumps" that revert back. That is why you watch GU which doesn't do it that/as much, I think I have scalped a some large pips tonight that way, but my luck ran out and I lost about 15 on a trade. Still net me roughly 40-50 though on AU scalps. Might lose its appeal since PA might correct.
  • #2,108
  • May 24, 2010 3:29am May 24, 2010 3:29am
EU target might take if PA slows enough.
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  • #2,109
  • May 24, 2010 3:32am May 24, 2010 3:32am
Quoting Saxon
Isn't there a big bank holiday or somthing in most of Europe today too?
Ya, there is a bank holiday for Germany and most likely Greece too!
I only need 10 more to call it quits and take a nap.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,110
  • May 24, 2010 4:06am May 24, 2010 4:06am
Marc you still reckon au is heading up? I'm less sure now, have taken shorts off 8350 and have just added now at 8310. I have stops for these trades above daily highs currently.
  • #2,111
  • May 24, 2010 4:13am May 24, 2010 4:13am
Quoting amyc
Marc you still reckon au is heading up? I'm less sure now, have taken shorts off 8350 and have just added now at 8310. I have stops for these trades above daily highs currently.
I'm so frustrated with it right now I couldn't tell you what I think it's going to do. Back and Forth Back and Forth. I'm having a hard time scalping it!

I'll check back on it at 8 or 9am est.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,112
  • May 24, 2010 4:51am May 24, 2010 4:51am
What a PA mess, I'm done for the day, EU and GU are out of control
  • #2,113
  • May 24, 2010 1:15pm May 24, 2010 1:15pm
AU
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  • #2,114
  • May 24, 2010 1:49pm May 24, 2010 1:49pm
I'm sitting over here trading with mini-lots! Never thought the day would come. Really, this is volatile and I'm not a good range trader to say the least!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,115
  • May 24, 2010 2:13pm May 24, 2010 2:13pm
Quoting MarcVUM
I'm sitting over here trading with mini-lots! Never thought the day would come. Really, this is volatile and I'm not a good range trader to say the least!
Ya, I'm waiting for strong breaks. A lot of these pairs are too close to S/R that they can't get enough space to pick up speed. We'll see what US Eq does. AU is #1 on my radar right now. What are you seeing with AU Marc, you're our AU guy
  • #2,116
  • May 24, 2010 2:30pm May 24, 2010 2:30pm
Quoting Saxon
Ya, I'm waiting for strong breaks. A lot of these pairs are too close to S/R that they can't get enough space to pick up speed. We'll see what US Eq does. AU is #1 on my radar right now. What are you seeing with AU Marc, you're our AU guy
I'm swimming in circles like a one-legged duck right now. I have the same ascending triangle as you but I think Amy might be right about it continuing down.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,117
  • May 24, 2010 2:46pm May 24, 2010 2:46pm
Quoting MarcVUM
I'm swimming in circles like a one-legged duck right now. I have the same ascending triangle as you but I think Amy might be right about it continuing down.
Since it is in a downtrend, I would expect it to be bearish.

Here is some context I googled and found:

"An ASCENDING TRIANGLE that forms within the context of a downtrend is much more likely to resolve in new lows. An ASCENDING TRIANGLE that forms within the context of a downtrend will be vulnerable to a false break where a breakout would normally appear, but this risk diminishes greatly the longer that a failure is avoided."
  • #2,118
  • May 24, 2010 2:54pm May 24, 2010 2:54pm
Quoting Saxon
Since it is in a downtrend, I would expect it to be bearish.

Here is some context I googled and found:

"An ASCENDING TRIANGLE that forms within the context of a downtrend is much more likely to resolve in new lows. An ASCENDING TRIANGLE that forms within the context of a downtrend will be vulnerable to a false break where a breakout would normally appear, but this risk diminishes greatly the longer that a failure is avoided."
Let's hope we finally get a break. We gotta be at least 70% through now
  • #2,119
  • May 24, 2010 2:56pm May 24, 2010 2:56pm
Quoting Saxon
Let's hope we finally get a break. We gotta be at least 70% through now
One of the blue is what I am hoping for, the reds are possible too though.
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  • #2,120
  • May 24, 2010 3:01pm May 24, 2010 3:01pm
Quoting Saxon
One of the blue is what I am hoping for, the reds are possible too though.

I prefer down, it will be a weird ascending triangle if it breaks higher.
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