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Price is everything

  • #661
  • Aug 11, 2010 11:30am Aug 11, 2010 11:30am
Quoting redsword11
Attachment



there is +22,000 pips IF this goes right back to demand



My goodness



Red
Man, what is the spread on that thing? Also, any ideas on Looney?
  • #662
  • Aug 11, 2010 11:35am Aug 11, 2010 11:35am
The weekly looks like it is forming a double bottom. MACD is trending higher on most higher TF. The daily may form a nice pb at a BRN 85. All things considered I kind of like this trade.
  • #663
  • Aug 11, 2010 12:06pm Aug 11, 2010 12:06pm
bought aud


stops @0.89777 low risk
  • #664
  • Aug 11, 2010 12:15pm Aug 11, 2010 12:15pm
I am still holding my AU long. I am aiming for around 93.20
  • #665
  • Aug 11, 2010 12:18pm Aug 11, 2010 12:18pm
Quoting Josh44
I am still holding my AU long. I am aiming for around 93.20

93.20 - What is that tg based on?
  • #666
  • Aug 11, 2010 12:23pm Aug 11, 2010 12:23pm
I had some of it lined up for 92.06 which is where I had marked some resistance. The 93.20 is that double top area on the weekly
  • #667
  • Aug 11, 2010 12:26pm Aug 11, 2010 12:26pm
Red is there anything appealing to you about the resistance at 85 and pos divergence on all of the higher TF?
  • #668
  • Aug 11, 2010 12:27pm Aug 11, 2010 12:27pm
Quoting Josh44
I had some of it lined up for 92.06 which is where I had marked some resistance. The 93.20 is that double top area on the weekly

thats possible if dx goes back to demand in a big way from around this supply zone, daily 4 hr
  • #669
  • Aug 11, 2010 12:32pm Aug 11, 2010 12:32pm
Quoting redsword11
bought aud


stops @0.89777 low risk
Red, what is your target?
  • #670
  • Aug 11, 2010 12:36pm Aug 11, 2010 12:36pm
Quoting litxus82
Red, what is your target?


This could be a good move north if dollar weakens according to DX, open tgs and playing it as it develops - nothing definate
  • #671
  • Aug 11, 2010 12:58pm Aug 11, 2010 12:58pm
Often times I like to trade these breakouts of a precise double bottom on a higher TF. Look here as my price feed show 7144 I believe as the exact low of both. A break of that could be with a stop right above break. Sorry it took me so long to show charts in b/w. I understand some like to print so this saves on ink.
Attached Image (click to enlarge)
Click to Enlarge Name: nu 4h aug 12.gif Size: 28 KB
  • #672
  • Aug 11, 2010 1:07pm Aug 11, 2010 1:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: gy.jpg Size: 95 KB




This could range for a while, if uj decides to take off, this will be a stray rocket



Red
  • #673
  • Aug 11, 2010 1:25pm Aug 11, 2010 1:25pm
Quoting redsword11
Attachment

This could range for a while, if uj decides to take off, this will be a stray rocket

Red
UJ looks as if it has potential ...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1D - 11 Aug 2010.jpg Size: 100 KB
  • #674
  • Aug 11, 2010 1:27pm Aug 11, 2010 1:27pm
Quoting Josh44
Red is there anything appealing to you about the resistance at 85 and pos divergence on all of the higher TF?

not too hot with uj - loose cannon that thing
  • #675
  • Aug 11, 2010 1:28pm Aug 11, 2010 1:28pm
Quoting priceaction
UJ looks as if it has potential ...


yep
  • #676
  • Edited 2:03pm Aug 11, 2010 1:50pm | Edited 2:03pm
curving prices cable 15min


watch loony @ 1.04801
  • #677
  • Aug 11, 2010 2:11pm Aug 11, 2010 2:11pm
Quoting redsword11
curving prices cable 15min


watch loony @ 1.04801
Are you planning to sell loony @ 1.04801 if it gets there?
  • #678
  • Aug 11, 2010 2:23pm Aug 11, 2010 2:23pm
Quoting litxus82
Are you planning to sell loony @ 1.04801 if it gets there?

if it goes there, watch for reaction, just missed it
  • #679
  • Aug 11, 2010 2:28pm Aug 11, 2010 2:28pm
Quoting redsword11
if it goes there, watch for reaction, just missed it
Do you ever use a limit order?
  • #680
  • Aug 11, 2010 2:30pm Aug 11, 2010 2:30pm
Quoting litxus82
Do you ever use a limit order?

very rarely - you don't know if a level is going to respected or not - therefore its not my kind of thing

Prices approach a level, wait for reaction, if l see something l recognise - entry with no hesitation
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