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Up and Down with TT

  • #101
  • Jul 19, 2010 10:51am Jul 19, 2010 10:51am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
TT, as long as you are not in red but in blue it matters :-)


Quoting TauTrader
This was like paint drying... Closed my shorts @ 86.81 for +40

Regards
  • #102
  • Jul 19, 2010 11:58am Jul 19, 2010 11:58am
Quoting ams
TT, as long as you are not in red but in blue it matters :-)
Good day to you,

Very true!

By the way - I think we may be preparing for a move up on GU. The 4hr chart. Will be looking at this over the next 2 to 3 bars. Just waiting to see how price reacts to the 50% line of last week @ 1.5204 and of the month range @ 1.5166...

Since it is 4hr chart, entry is going to be tough and may endure some drawdown.

I also believe that UJ will continue further down from this 86.83 level we are currently at. Again on 4hr chart.

Regards
  • #103
  • Jul 19, 2010 12:03pm Jul 19, 2010 12:03pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Ahh TT, sir, already long on GU @52200. Without a doubt it's going UP as we have BOE MPC meeting minutes on wed and we have seen in the past how that works. Suckers buy in long before than drag it down when nothing happens.

ta
ams



Quoting TauTrader
Good day to you,

Very true!

By the way - I think we may be preparing for a move up on GU. The 4hr chart. Will be looking at this over the next 2 to 3 bars. Just waiting to see how price reacts to the 50% line of last week @ 1.5204 and of the month range @ 1.5166...

Since it is 4hr chart, entry is going to be tough and may endure some drawdown.

I also believe that UJ will continue further down from this 86.83 level we are currently at. Again on 4hr chart.

Regards
  • #104
  • Jul 19, 2010 12:10pm Jul 19, 2010 12:10pm
Quoting ams
Ahh TT, sir, already long on GU @52200. Without a doubt it's going UP as we have BOE MPC meeting minutes on wed and we have seen in the past how that works. Suckers buy in long before than drag it down when nothing happens.

ta
ams
Good day to you,

You sneaky sharp.....

I was looking at this for very different reasons. I am entering long @ 1.5220 . Just 1 position for now. May add if she behaves...

Good luck!

Regards
  • #105
  • Jul 19, 2010 12:28pm Jul 19, 2010 12:28pm
Quoting TauTrader
Good day to you,

You sneaky sharp.....

I was looking at this for very different reasons. I am entering long @ 1.5220 . Just 1 position for now. May add if she behaves...

Good luck!

Regards
TP worked out to 1.5312 as a first base. SL will be around 1.5260 area.
  • #106
  • Jul 19, 2010 12:29pm Jul 19, 2010 12:29pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
This is just my experiment..I am expecting drawdown to 151 though...remember when whole world was short but you & me were the only one's long. PA went down 100-120 pips then went up 200. I see the same thing but you have some good indi's now so you better follow them


Quoting TauTrader
Good day to you,

You sneaky sharp.....

I was looking at this for very different reasons. I am entering long @ 1.5220 . Just 1 position for now. May add if she behaves...

Good luck!

Regards
  • #107
  • Jul 19, 2010 12:35pm Jul 19, 2010 12:35pm
Quoting ams
This is just my experiment..I am expecting drawdown to 151 though...remember when whole world was short but you & me were the only one's long. PA went down 100-120 pips then went up 200. I see the same thing but you have some good indi's now so you better follow them
Good day,

My charts tell me there is too much pressure at present. She will not go lower than 1.5170/60 for now, if this move up is to play out.

Let's see...
Wish you success!

Regards
  • #108
  • Jul 20, 2010 1:08am Jul 20, 2010 1:08am
Quoting TauTrader
Good day to you,

You sneaky sharp.....

I was looking at this for very different reasons. I am entering long @ 1.5220 . Just 1 position for now. May add if she behaves...

Good luck!

Regards
Stop moved to 1.5240. Will leave for the next 4 to 8 hours. Free trade. Crucial level to watch will be the SR cluster marked. This is the weekly open @ 1.5276, as well as the 50% line of this week @ 1.5274. Hope to see price go above and use this level as support.

Will see...

Regards

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 19 KB
  • #109
  • Jul 20, 2010 6:12am Jul 20, 2010 6:12am
Good day to you, Closed the earlier GU long @ 1.5269 for + 43. Now looking for a possible scalp long on EU.

4hr Chart. Entered 1.2900 - May enter one more position, depending on how price behaves. SL rather tight in the 1.2860 region.. will grab whatever I can get here - if any.

Let's see...
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 21 KB
  • #110
  • Jul 20, 2010 6:33am Jul 20, 2010 6:33am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
My Buy order @ 128500.

Quoting TauTrader
Good day to you, Closed the earlier GU long @ 1.5269 for + 43. Now looking for a possible scalp long on EU.

4hr Chart. Entered 1.2900 - May enter one more position, depending on how price behaves. SL rather tight in the 1.2860 region.. will grab whatever I can get here - if any.

Let's see...
  • #111
  • Jul 20, 2010 7:06am Jul 20, 2010 7:06am
Quoting ams
My Buy order @ 128500.
Good day to you,

Yip - was too early on this. Barely hanging in. Bad trade. Cutting now and will wait.

Good luck with your plan

Regards
  • #112
  • Jul 20, 2010 9:50am Jul 20, 2010 9:50am
With a double whammy of hidden bullish divergence on the OSMA... 4hr chart. Entered long @ 1.5175. Again battling with a good entry. But this has paid...
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 20 KB
  • #113
  • Jul 20, 2010 10:10am Jul 20, 2010 10:10am
Quoting TauTrader
With a double whammy of hidden bullish divergence on the OSMA... 4hr chart. Entered long @ 1.5175. Again battling with a good entry. But this has paid...
Closed @ +82

Regards
  • #114
  • Jul 20, 2010 10:16am Jul 20, 2010 10:16am
Quoting TauTrader
Good day to you,

Yip - was too early on this. Barely hanging in. Bad trade. Cutting now and will wait.

Good luck with your plan

Regards
This poor entry did cost me 42 pips. The plan as traded was not the issue here. The entry was.

I am finished for the day. Family time now.

Wish you all success
  • #115
  • Jul 20, 2010 10:23am Jul 20, 2010 10:23am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
TT, was this trade based on system entry?


Quoting TauTrader
This poor entry did cost me 42 pips. The plan as traded was not the issue here. The entry was.

I am finished for the day. Family time now.

Wish you all success
  • #116
  • Jul 20, 2010 10:44am Jul 20, 2010 10:44am
Quoting ams
TT, was this trade based on system entry?
Good day to you, AMS

Yes - I had a setup forming for a long. That is why I am saying that the trade plan itself was not flawed. The entry was. I normally do not experience too much drawdown with this - but I got spooked with the drop before the move back started.

I did make up some by re-entering again at the break back above yesterday's low @ 1.2870 - took +28.

But I will now enter on 1hr, should the 4hr offer trades going forward. Good lesson learnt...

BTW - excellent trades you took on both EU and GU - very well done! If I may ask - how did you choose your point of entry?

Thank you for taking the time to post

My highest regards
  • #117
  • Jul 20, 2010 10:55am Jul 20, 2010 10:55am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hmm, I thought it was visible that all these moves were fake. TT you are too much into system now .
I must admit it's a good system though, even if 10-20 trades are bad out of 100, you have a near to holy garil

You know me, I am more of fundamental guy then technicals. Market is made because of funadamentals, one needs to know when price is showing that, that's all.

I couldn't see GU/EU going down without major news tomm/friday at the same time didn't want to catch the falling knife so waited for price to settle after clearning yesterday's low and moving back up




ta
ams



Quoting TauTrader
Good day to you, AMS

Yes - I had a setup forming for a long. That is why I am saying that the trade plan itself was not flawed. The entry was. I normally do not experience too much drawdown with this - but I got spooked with the drop before the move back started.

I did make up some by re-entering again at the break back above yesterday's low @ 1.2870 - took +28.

But I will now enter on 1hr, should the 4hr offer trades going forward. Good lesson learnt...

BTW - excellent trades you took on both EU and GU - very well done! If I may ask - how...
  • #118
  • Jul 20, 2010 11:05am Jul 20, 2010 11:05am
Quoting ams
Hmm, I thought it was visible that all these moves were fake. TT you are too much into system now .
I must admit it's a good system though, even if 10-20 trades are bad out of 100, you have a near to holy garil

You know me, I am more of fundamental guy then technicals. Market is made because of funadamentals, one needs to know when price is showing that, that's all.

I couldn't see GU/EU going down without major news tomm/friday at the same time didn't want to catch the falling knife so waited for price to settle after clearning yesterday's...
Good day to you,

Much respect! Thank you for your post..

See tomorrow

Regards
  • #119
  • Jul 20, 2010 2:19pm Jul 20, 2010 2:19pm
HI Tau,

Just thought I would mention it - even if we have differing systems.

Not exactly a Guppy profile that you use, but the aesthetics almost bring a tear to one's eye.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #120
  • Jul 20, 2010 9:37pm Jul 20, 2010 9:37pm
Quoting 45Condor
HI Tau,

Just thought I would mention it - even if we have differing systems.

Not exactly a Guppy profile that you use, but the aesthetics almost bring a tear to one's eye.

...

Good day to you,

Yip... more of a Sardine type profile - hehe. Thank you for stopping by!

Warm Regards
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