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SFM - Trading Room

  • #301
  • Aug 9, 2010 6:52am Aug 9, 2010 6:52am
Quoting ChinaWombat
i see claws, fur, caves, and fuzzy cute cubs...
Cool do your thing! No trade like your trade!
Hero Traders Live to see their Accounts Die!
  • #302
  • Aug 9, 2010 7:05am Aug 9, 2010 7:05am
Could you also give the numbers where your fibs are located?
thnx in advance


Quoting robster
EY and GU need to break Fridays 80%.

GU is supported by prev days 61% and prev weeks 80%.

EY hit support at intraday 19%
  • #303
  • Aug 9, 2010 7:08am Aug 9, 2010 7:08am
gu prev day 61 5939 prev month 80 5942

ej intra 19 113.46
  • #304
  • Aug 9, 2010 8:26am Aug 9, 2010 8:26am
Simone, are you there?

Fibbing from Franky Open the Breach point is at 5961 but taking it from London Open, the breach is at 5950.

Which one is superior to the other today?
Attached Image (click to enlarge)
Click to Enlarge Name: sfm 3.gif Size: 27 KB
  • #305
  • Aug 9, 2010 8:57am Aug 9, 2010 8:57am
Quoting simoneg
Cool do your thing! No trade like your trade!
i actually would prefer to do your thing but seem to be doing the opposite... it's nice making the pips today but to do the method correctly, and be consistently pip collecting is the main aim..

i do notice i'm waiting a little longer for the first move, and seeing how that works out then taking positions on the back of it... ie double top in eu, and the failure to stay above the daily resistance in ey, failure to break daily high in gu has me short those... i guess i'm basically trading resistance until it breaks
Catching a falling knife, no, I'm just trading the Gartley!
  • #306
  • Aug 9, 2010 10:07am Aug 9, 2010 10:07am
Quoting Bydyke
Simone, are you there?

Fibbing from Franky Open the Breach point is at 5961 but taking it from London Open, the breach is at 5950.

Which one is superior to the other today?



Aswilled, I can see you are up.

What do you think?
  • #307
  • Aug 9, 2010 10:17am Aug 9, 2010 10:17am
Quoting Bydyke
Simone, are you there?

Fibbing from Franky Open the Breach point is at 5961 but taking it from London Open, the breach is at 5950.

Which one is superior to the other today?
Hi Bydyke,
1.5950 is crucial because it sits right at that 9:00am high from friday. I am watching between here and the upper at 1.5960-2. Closing above 1.5960-2 would definitely give stronger long signal, but for now that level is holding.
Hero Traders Live to see their Accounts Die!
  • #308
  • Aug 9, 2010 10:18am Aug 9, 2010 10:18am
Quoting ChinaWombat
i actually would prefer to do your thing but seem to be doing the opposite... it's nice making the pips today but to do the method correctly, and be consistently pip collecting is the main aim..

i do notice i'm waiting a little longer for the first move, and seeing how that works out then taking positions on the back of it... ie double top in eu, and the failure to stay above the daily resistance in ey, failure to break daily high in gu has me short those... i guess i'm basically trading resistance until it breaks
Good Trading ChinaWombat...by do your thing, I mean hold to your analysis.
Hero Traders Live to see their Accounts Die!
  • #309
  • Aug 9, 2010 10:36am Aug 9, 2010 10:36am
Quoting simoneg
Hi Bydyke,
1.5950 is crucial because it sits right at that 9:00am high from friday. I am watching between here and the upper at 1.5960-2. Closing above 1.5960-2 would definitely give stronger long signal, but for now that level is holding.

Thanks a lot.

GU has been ranging all day and has been a day for the Hit and Runs.

The talk is that the market is largely waiting for tomorrow's FOMC.

We keep watching
  • #310
  • Aug 9, 2010 12:55pm Aug 9, 2010 12:55pm
Quoting Bydyke
Aswilled, I can see you are up.

What do you think?
What do I think for what? I just finished reseting all my charts. Vt trader had blanked all my charts and set ups. Having my broker check into it. Any way, what do you need to know.
A. Finesse Williams Making Millions One Pip At A Time!
  • #311
  • Edited 2:38pm Aug 9, 2010 2:11pm | Edited 2:38pm
Here it is:
On the monthly chart we have a bullish engulfing at the bottom of the previous down swing. Price is right at a Nov. 2008 support @113.65.

The Weekly chart has a hammer/bullish engulfing (7/5/10-7/12/10) formation at the bottom of a down swing. Yearly support (117.293) should converge with price and 7/28/08 - 4/5/10 trendline by months end.

The daily chart has made a hanging man/morning star formation (6/29 - 7/1/10) at the end of the down swing. Monthly resistance is at 113.694, and the high at 114.711. Bull targets for this month are 116.511 and 117.646, respectively.

The 4hr chart has EJ in a pennant. Weekly resistance is @113.887, high @114.201. Weekly bull targets: 114.752/115.098.

The intraday fib presently has price under the pivot (113.66). Which is a very strong resistance area being it converges with monthly resistance and Nov. 2008 support.

Final analysis: The bulls need to break the resistance in the mid 60's area to reach monthly targets, or we shall be seeing a continuation of EJ's down trend after this small retracement. *Supporting charts attached*

http://a.imageshack.us/img843/5230/cmcapture1.jpg

Uploaded with ImageShack.us
http://a.imageshack.us/img638/372/cmcapture2.jpg

Uploaded with ImageShack.us
http://a.imageshack.us/img834/4128/cmcapture3.jpg

Uploaded with ImageShack.us
http://a.imageshack.us/img717/9295/cmcapture4.jpg

Uploaded with ImageShack.us
http://img814.imageshack.us/img814/3186/cmcapture5.jpg

Uploaded with ImageShack.us
A. Finesse Williams Making Millions One Pip At A Time!
  • #312
  • Aug 9, 2010 4:47pm Aug 9, 2010 4:47pm
Quoting Bydyke
Thanks a lot.

GU has been ranging all day and has been a day for the Hit and Runs.

The talk is that the market is largely waiting for tomorrow's FOMC.

We keep watching
Hi Bydyke, it really does look like we are awaiting some news. Closed my EJ longs for +37.9pips. Still long on EU and GU.
Hero Traders Live to see their Accounts Die!
  • #313
  • Aug 9, 2010 4:48pm Aug 9, 2010 4:48pm
Quoting aswilled
Here it is:
On the monthly chart we have a bullish engulfing at the bottom of the previous down swing. Price is right at a Nov. 2008 support @113.65.

The Weekly chart has a hammer/bullish engulfing (7/5/10-7/12/10) formation at the bottom of a down swing. Yearly support (117.293) should converge with price and 7/28/08 - 4/5/10 trendline by months end.

The daily chart has made a hanging man/morning star formation (6/29 - 7/1/10) at the end of the down swing. Monthly resistance is at 113.694, and the high at 114.711. Bull targets for this month...
Nice outlook aswilled!
Hero Traders Live to see their Accounts Die!
  • #314
  • Aug 9, 2010 5:02pm Aug 9, 2010 5:02pm
Quoting aswilled
What do I think for what? I just finished reseting all my charts. Vt trader had blanked all my charts and set ups. Having my broker check into it. Any way, what do you need to know.


Sorry about your charts. I hope your broker has sorted it out.

Simone had actually addressed my quesrtion. I wanted to know which is the Fibs was at work today on GU: Franky Open or London Open. Like she rightly pointed out, London was it.

Thanks all the same
  • #315
  • Aug 9, 2010 10:04pm Aug 9, 2010 10:04pm
Well I shall now go I nurse my -602 pip wounds. So if you dont see me tomorrow, I'm on the recovery ward.
Hero Traders Live to see their Accounts Die!
  • #316
  • Aug 9, 2010 10:44pm Aug 9, 2010 10:44pm
As you can see by the below image, my analysis for EJ played out. :nerd:
http://img230.imageshack.us/img230/5230/cmcapture1.jpg

Uploaded with ImageShack.us
A. Finesse Williams Making Millions One Pip At A Time!
  • #317
  • Aug 9, 2010 10:50pm Aug 9, 2010 10:50pm
Quoting simoneg
Well I shall now go I nurse my -602 pip wounds. So if you dont see me tomorrow, I'm on the recovery ward.
Darling, how did this happen??? Tell me, did you follow sfm and trading rules to the T? What went wrong? And you know GU, EU, GJ, and EJ does all be in tandem. HOW???
A. Finesse Williams Making Millions One Pip At A Time!
  • #318
  • Aug 9, 2010 11:17pm Aug 9, 2010 11:17pm
Quoting simoneg
Well I shall now go I nurse my -602 pip wounds. So if you dont see me tomorrow, I'm on the recovery ward.
Next trade! you'll make it back today...
Catching a falling knife, no, I'm just trading the Gartley!
  • #319
  • Aug 9, 2010 11:34pm Aug 9, 2010 11:34pm
Hi... scfm family...

Daily candle close below 5900 and at 00.00 est ... candle close below 5800 ...

Happy trading and good luck for you all....

Rgds,iqyu

http://www.forexfactory.com/showpost...&postcount=284
not euphoria follower
  • #320
  • Aug 10, 2010 12:39am Aug 10, 2010 12:39am
Quoting simoneg
Well I shall now go I nurse my -602 pip wounds. So if you dont see me tomorrow, I'm on the recovery ward.
Simone - what happened?!?!??! Thats devastating...! Have you been playing fast and loose with your stops? And after such a kickass week last week... Noooooo!!!

As you say - next trade... :-) Still... nasty...
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