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  • #2,161
  • Jun 8, 2010 10:30am Jun 8, 2010 10:30am
Quoting neutro
I don't like CHF pairs one bit. Except maybe GC which moves somewhat OK, but the rest are like playing russian roulette.

I don't know that to do with the H4 BEOB on UC. It's nice engulfing a lot of that consolidation zone and getting past 1.15 but I'm not comfortable taking it.
Don t know I do not like this BEOB. Oil is ranging. UC is my favorite pair but at the moment I need a better clear direction. IMO
  • #2,162
  • Jun 8, 2010 10:40am Jun 8, 2010 10:40am
Quoting ogeid
Don t know I do not like this BEOB. Oil is ranging. UC is my favorite pair but at the moment I need a better clear direction. IMO
I was talking about UCh, sorry, should have mentioned. Coincidence.
  • #2,163
  • Jun 9, 2010 1:12am Jun 9, 2010 1:12am
Morning,

short on Gold, break of daily tiny PB at double top.
  • #2,164
  • Jun 9, 2010 1:45am Jun 9, 2010 1:45am
Quoting ogeid
Morning,

short on Gold, break of daily tiny PB at double top.
PB with divergence and TL. And good close. Might work.

I almost got stopped out of Silver. Had SL at 18.17 and price got to 18.18.
  • #2,165
  • Jun 9, 2010 2:03am Jun 9, 2010 2:03am
Quoting ogeid
Morning,

short on Gold, break of daily tiny PB at double top.
sup ogeid, thats a pretty tiny pin bar but it cld still work out ...... im actually waiting for a pullback ( seems im always saying "im waiting for a pullback" ) lol
anyways
im short eurgbp...ill post up a chart soonest
Simplicity is the key to success
  • #2,166
  • Jun 9, 2010 2:03am Jun 9, 2010 2:03am
Most of the xxx/JPY pairs are in consolidation patterns (wedges), at important RN. Waiting for them to break.
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  • #2,167
  • Jun 9, 2010 2:09am Jun 9, 2010 2:09am
Quoting squeezy
sup ogeid, thats a pretty tiny pin bar but it cld still work out ...... im actually waiting for a pullback ( seems im always saying "im waiting for a pullback" ) lol
anyways
im short eurgbp...ill post up a chart soonest
Agree. Gold daily is full of tiny PBs, some work works, other not. At the moment it looks like I have a bad one, It broke my entry level by 4 pips and then reversed. Practically I did not even see 1 lousy pip in profit
  • #2,168
  • Jun 9, 2010 2:11am Jun 9, 2010 2:11am
Quoting squeezy
im short eurgbp...ill post up a chart soonest
Good call GBP is the strongest cur. this morning. I guess you entered on the 1 hr PB by proxy
  • #2,169
  • Jun 9, 2010 2:18am Jun 9, 2010 2:18am
E/U is in a very tight consolidation range, with multiple IBs. It is ready for the next move UP ? Down ?
  • #2,170
  • Jun 9, 2010 2:43am Jun 9, 2010 2:43am
Quoting ogeid
Good call GBP is the strongest cur. this morning. I guess you entered on the 1 hr PB by proxy
ill check my gbp piars ...... entered this eurgbp since yday 8hr pin, egbp moves really slow at times, cld be annoying but as long as it plays out accordingly & if not ........ whatever
trying to post a chart but its acting up, maybe later
Simplicity is the key to success
  • #2,171
  • Jun 9, 2010 3:07am Jun 9, 2010 3:07am
Quoting squeezy
ill check my gbp piars ...... entered this eurgbp since yday 8hr pin, egbp moves really slow at times, cld be annoying but as long as it plays out accordingly & if not ........ whatever
trying to post a chart but its acting up, maybe later
Sorry to disagree Squeezy, but that's not a position I would have taken. You're sitting on really shaky grounds with that short. Even though it's with the trend, the location is bad for a short.

You should manage it real tight in my opinion...
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  • #2,172
  • Jun 9, 2010 3:09am Jun 9, 2010 3:09am
Quoting ogeid
Agree. Gold daily is full of tiny PBs, some work works, other not. At the moment it looks like I have a bad one, It broke my entry level by 4 pips and then reversed. Practically I did not even see 1 lousy pip in profit
It's not about PB's it about the Location my friend.

1

2

3


First entry of the touch. Second entry-- 1H IB.......... and third entry---4H IB.

I wanted to enter at the break of the Daily PB too. But i only have my investor password here in my office PC.
.
.
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  • #2,173
  • Jun 9, 2010 3:29am Jun 9, 2010 3:29am
Quoting nasir.khan
It's not about PB's it about the Location my friend.

1

2

3


First entry of the touch. Second entry-- 1H IB.......... and third entry---4H IB....
Hi Nasir. Nice to see you back here.

I saw your post on the other thread.

Yes you are right the location is the most important factor: Highest High, Double Top, Diverg. The PB is just an excuse to find an entry point.

It is not looking great a the moment. I gave it a little room to play but it could turn to be an expensive trade.
  • #2,174
  • Jun 9, 2010 3:42am Jun 9, 2010 3:42am
Quoting ogeid
Hi Nasir. Nice to see you back here.

I saw your post on the other thread.

Yes you are right the location is the most important factor: Highest High, Double Top, Diverg. The PB is just an excuse to find an entry point.

It is not looking great a the moment. I gave it a little room to play but it could turn to be an expensive trade.
See i don't even give a second look to IB's

but in this case i just knew my location and i knew i wanted to get in it.

If weekly could close somewhere near 1210,

1167 looks pretty obvious and who knows about 1044........
.
  • #2,175
  • Jun 9, 2010 4:15am Jun 9, 2010 4:15am
Quoting neutro
Sorry to disagree Squeezy, but that's not a position I would have taken. You're sitting on really shaky grounds with that short. Even though it's with the trend, the location is bad for a short.

You should manage it real tight in my opinion...

hey neutro
well, i never said it was the best trade but it fits into my trading plan, besides im watching the daily chart as well, if it works out according to plan....ill show u wat im trying to do, just need to break the low @ 8200 area....
thnx though, i appreciate the concern
ill post up how i manage it, win or loss
Simplicity is the key to success
  • #2,176
  • Jun 9, 2010 4:40am Jun 9, 2010 4:40am
Hi Guys,
I just come back from my holiday so I missed many your good posts,but I can not see recently any Mark's post here .Is he ok?

Happy trading.
FX.
  • #2,177
  • Jun 9, 2010 5:09am Jun 9, 2010 5:09am
Quoting Fxfighter
Hi Guys,
I just come back from my holiday so I missed many your good posts,but I can not see recently any Mark's post here .Is he ok?

Happy trading.
FX.
He is having a beer in the middle of the Mediterranean sea.

He ll be back someday this week.
  • #2,178
  • Jun 9, 2010 5:19am Jun 9, 2010 5:19am
Quoting nasir.khan
See i don't even give a second look to IB's

but in this case i just knew my location and i knew i wanted to get in it.

If weekly could close somewhere near 1210,

1167 looks pretty obvious and who knows about 1044........
.
1167 will make me already very, very, very happy LOL
  • #2,179
  • Jun 9, 2010 5:52am Jun 9, 2010 5:52am
Quoting ogeid
He is having a beer in the middle of the Mediterranean sea.

He ll be back someday this week.
I see)))))))).
Thank you Ogeid.
  • #2,180
  • Jun 9, 2010 7:46am Jun 9, 2010 7:46am
Quoting Fxfighter
I see)))))))).
Thank you Ogeid.
U r very welcome
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