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Nearly Naked (Simple Trades)

  • #4,881
  • Jun 28, 2010 5:34pm Jun 28, 2010 5:34pm
Quoting calderone
Isn't that more of a megaphone pattern though?
yep.

http://www.trending123.com/patterns/..._triangle.html
  • #4,882
  • Jun 28, 2010 5:37pm Jun 28, 2010 5:37pm
Quoting calderone
Sometimes you just have to wait for the toilet to flush.

eg has been a mover lately, it drove the action on eu. The chf pairs have been good too.
I've had my hand on the flush handle all day! There's too many Klingon's in the bowl though.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,883
  • Jun 28, 2010 5:42pm Jun 28, 2010 5:42pm
Quoting MarcVUM
I've had my hand on the flush handle all day! There's too many Klingon's in the bowl though.
Haha
  • #4,884
  • Jun 28, 2010 5:43pm Jun 28, 2010 5:43pm
Quoting MarcVUM
I've had my hand on the flush handle all day! There's too many Klingon's in the bowl though.
http://forexforums.dailyfx.com/attac...wl-trader-.jpg
  • #4,885
  • Jun 28, 2010 6:24pm Jun 28, 2010 6:24pm
Going to hit up the gym, be back in a little. PA is slow right now
  • #4,886
  • Jun 28, 2010 8:01pm Jun 28, 2010 8:01pm
Quoting Low
From the other thread:

I'm debating entry....
Here's some downside targets if the descending broadening formation is invalidated, but for the most part this is a continuation pattern.

I'd be looking north on either the break of the utl, or if it drops down below prior support along the ltl. (this second option would be great headfake area since everyone is looking at 0.69911 as support)
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  • #4,887
  • Jun 28, 2010 8:25pm Jun 28, 2010 8:25pm
Quoting Fudomyo
Here's some downside targets if the descending broadening formation is invalidated, but for the most part this is a continuation pattern.

I'd be looking north on either the break of the utl, or if it drops down below prior support along the ltl. (this second option would be great headfake area since everyone is looking at 0.69911 as support)
Crap...I need to go re-read my notes....I shorted it. Knew it was an early entry, but if I got the direction backwards I want out.
  • #4,888
  • Edited 9:57pm Jun 28, 2010 8:34pm | Edited 9:57pm
Quoting Low
Crap...I need to go re-read my notes....I shorted it. Knew it was an early entry, but if I got the direction backwards I want out.
It's dropping atm, why not scalp it to a reasonable downside target in the meantime? You can always get out if it reverses. S1, MS2 0.7000 area or that doesn't hold, the LTL area where the 4H 200ema is sitting seem reasonable.

I'd keep a close eye on it and my finger on the trigger just in case.


I noticed you are using trending123. Here's some good alternative source material.

http://www.coveredcallswins.com/char...#WedgesFalling

Bulkowski and John Murphy are both quite good.
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  • #4,889
  • Jun 28, 2010 8:52pm Jun 28, 2010 8:52pm
Well, this is great... missed the long entry at D S2 on A/U by one pip! What a day!
http://smileys.smileycentral.com/cat/36/36_19_1.gif
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,890
  • Jun 28, 2010 8:55pm Jun 28, 2010 8:55pm
Quoting MarcVUM
Well, this is great... missed the long entry at D S2 on A/U by one pip! What a day!
http://smileys.smileycentral.com/cat/36/36_19_1.gif
haha, I just saw that and thought of you...... It was off by 1 pip though, so I missed it as well, not our day Marc. AU is playing with your mind and GU with mine. Oh well, at least EU is heading down to a good target
  • #4,891
  • Jun 28, 2010 8:57pm Jun 28, 2010 8:57pm
Quoting Saxon
haha, I just saw that and thought of you...... It was off by 1 pip though, so I missed it as well, not our day Marc. AU is playing with your mind and GU with mine. Oh well, at least EU is heading down to a good target
I can't take much more of this, mentally. Still looking at 1.2169 on E/U?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #4,892
  • Jun 28, 2010 8:59pm Jun 28, 2010 8:59pm
AU potential
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  • #4,893
  • Jun 28, 2010 9:02pm Jun 28, 2010 9:02pm
Quoting MarcVUM
I can't take much more of this, mentally. Still looking at 1.2169 on E/U?
Ya, should be a good area. And this one too
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  • #4,894
  • Jun 28, 2010 9:22pm Jun 28, 2010 9:22pm
Quoting Saxon
AU is playing with your mind and GU with mine. Oh well, at least EU is heading down to a good target

Are you long or short GU? If short, what price are you trargetting?

I am short GU from 1.5070, aiming for 1.50ish

cheers
  • #4,895
  • Jun 28, 2010 9:30pm Jun 28, 2010 9:30pm
Quoting puks
Are you long or short GU? If short, what price are you trargetting?

I am short GU from 1.5070, aiming for 1.50ish

cheers
No GU positons for me right now. I have been trying to trade that wedge all day but it puttered through LTL around Asia. I will just be trading Pivs and S/R off it for the next bit as my high prob targets are a ways off from current PA
  • #4,896
  • Jun 28, 2010 9:43pm Jun 28, 2010 9:43pm
good morning all
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,897
  • Jun 28, 2010 9:51pm Jun 28, 2010 9:51pm
Didn't think old S/R was going to be so significant
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  • #4,898
  • Jun 28, 2010 9:53pm Jun 28, 2010 9:53pm
Quoting s2659
good morning all
Morning? It's night
  • #4,899
  • Jun 28, 2010 10:07pm Jun 28, 2010 10:07pm
Quoting Saxon
Morning? It's night
its 5am here so its on the fine line between morning and night here
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #4,900
  • Jun 28, 2010 10:23pm Jun 28, 2010 10:23pm
My potential trades:

AU Long 8605 SL 20 pips
EU Long 1.2230 SL 20 pips

Both of these trades are a few pips before target to make sure I get in. Looking for a 1X-2X Profit on Risk. With my luck PA will get there at London open and I wont trade.......
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