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  • #921
  • Aug 16, 2010 2:46am Aug 16, 2010 2:46am
Quoting leggo
Just been taken into my first "volatile breakout" on Chf/Jpy 4hr chart. Lets see how it works out. If it closes above I will zoom in to 5 min and try some stacking of positions.
Regards,
Ben
looks good
  • #922
  • Aug 16, 2010 2:48am Aug 16, 2010 2:48am
Quoting leggo
Just been taken into my first "volatile breakout" on Chf/Jpy 4hr chart. Lets see how it works out. If it closes above I will zoom in to 5 min and try some stacking of positions.
Regards,
Ben
Im there too Ben

2 flying buddhas few 5min candles before.

Other than that plenty of space to move up.
  • #923
  • Aug 16, 2010 2:49am Aug 16, 2010 2:49am
Quoting iamboston
looks good
Hope so! Starting to stall on 5 min though will have to wait and see.
  • #924
  • Aug 16, 2010 2:52am Aug 16, 2010 2:52am
Quoting leggo
Hope so! Starting to stall on 5 min though will have to wait and see.
If wick bounce on 82.353 it would be golden. If broken then Im out.
  • #925
  • Aug 16, 2010 2:54am Aug 16, 2010 2:54am
Price at close of previous 4hr candle @ 82.407.

Double wick bounce confirmed at 82.353

Closing soon above resistance

Good Good
  • #926
  • Aug 16, 2010 2:56am Aug 16, 2010 2:56am
Im expecting 50% retrace of previous 5min candle to 82.461, if not its even better. However, there are not many buyers at the moment.
  • #927
  • Aug 16, 2010 2:58am Aug 16, 2010 2:58am
Quoting pipEASY
Price at close of previous 4hr candle @ 82.407.

Double wick bounce confirmed at 82.353

Closing soon above resistance

Good Good
Im waiting to see it clear resistance at 82.50 if it does I am moving stop to be and look to stack
  • #928
  • Aug 16, 2010 2:58am Aug 16, 2010 2:58am
50% retrace at 82.461 happening now.

Need bounce away.

There is not enough momentum

Price should be much faster than this
  • #929
  • Aug 16, 2010 3:01am Aug 16, 2010 3:01am
82.461 bounced away

But not enough momentum/traders to piggyback. Can you see this?

I entered 82.20. Moving stop loss to breakeven
  • #930
  • Aug 16, 2010 3:02am Aug 16, 2010 3:02am
Hi Graeme,

I missed your trades today. I was concentrating on EURGPY long.

Would you be willing to post a chart of your EURUSD 5min trades showing where you entered? On my feed I can't see the flying buddha you mentioned earlier and there didn't seem much opportunity to enter between 1.27500 and the bounce at 1.27327.
Also, have you continued to add to your longs since that bounce?

Could you also give some details of your screen setup.
Do you use multiple screens?
Do you use MT4 and if so do you use different profiles or what during trading?

I'm just trying to get a feel for how you simultaneously monitor all the the different pairs on 3 different time frames while still having time to place trades.....move stops to BE.......and put on price alerts!!!!!!

Thank you for you continued enlightenment,

Michael
  • #931
  • Aug 16, 2010 3:02am Aug 16, 2010 3:02am
Quoting leggo
Im waiting to see it clear resistance at 82.50 if it does I am moving stop to be and look to stack
Ben,

82.50 might get breached but you must notice that there are no other traders. We must move on to the next 'better' volatile breakout.

That 82.50 should have been punctured very easily.

Move your stop loss to BE now and lets move on
  • #932
  • Aug 16, 2010 3:03am Aug 16, 2010 3:03am
Quoting pipEASY
50% retrace at 82.461 happening now.

Need bounce away.

There is not enough momentum

Price should be much faster than this
Looking at daily its stalled a few times at 82.50 in recent days needs to clear that if not it could head south!
  • #933
  • Aug 16, 2010 3:05am Aug 16, 2010 3:05am
Quoting leggo
Looking at daily its stalled a few times at 82.50 in recent days needs to clear that if not it could head south!
If 82.355 double wick support is broken then its south.

If 82.50 breaks with eye-popping momentum, yes Im in too.
  • #934
  • Aug 16, 2010 3:05am Aug 16, 2010 3:05am
Quoting pipEASY
Ben,

82.50 might get breached but you must notice that there are no other traders. We must move on to the next 'better' volatile breakout.

That 82.50 should have been punctured very easily.

Move your stop loss to BE now and lets move on
Sorry Graeme I missed this post! Ill follow your advice thanks
  • #935
  • Aug 16, 2010 3:08am Aug 16, 2010 3:08am
Quoting leggo
Sorry Graeme I missed this post! Ill follow your advice thanks
We had the potential to capture a golden opportunity which cost us very little for something that could have been great.

We missed gbp/cad momentum breakout at 1.61990
  • #936
  • Aug 16, 2010 3:14am Aug 16, 2010 3:14am
chf/jpy

Are you watching?
  • #937
  • Aug 16, 2010 3:15am Aug 16, 2010 3:15am
Quoting pipEASY
We had the potential to capture a golden opportunity which cost us very little for something that could have been great.

We missed gbp/cad momentum breakout at 1.61990
Its hard to keep track of everything on 5 min they can hold you in a trance if your not carefull.
  • #938
  • Aug 16, 2010 3:21am Aug 16, 2010 3:21am
Eur/Chf is going well this is my longest serving leg its from all the way back to Thursday! I had my first successful stack on it earlier this afternoon. Both stops at B.E. let the gods decide! I have had a couple of small losses today but seeing these legs grow makes the losses seem insignificant. my entries are still really sloppy though!! Got plenty of practice to do yet.
Regards,
Ben
  • #939
  • Aug 16, 2010 3:23am Aug 16, 2010 3:23am
Quoting pipEASY
chf/jpy

Are you watching?
Yes it broke through with a nice long bullish candle but then stalled so I have not entered again yet
  • #940
  • Aug 16, 2010 3:25am Aug 16, 2010 3:25am
Quoting leggo
Eur/Chf is going well this is my longest serving leg its from all the way back to Thursday! I had my first successful stack on it earlier this afternoon. Both stops at B.E. let the gods decide! I have had a couple of small losses today but seeing these legs grow makes the losses seem insignificant. my entries are still really sloppy though!! Got plenty of practice to do yet.
Regards,
Ben
Good job Ben.

Keep practicing.

Always keep moving around the pairs.

A clear volatile breakout is very easily noticed. When price approach .50 or .00 price should puncture with no effort.

Sincerely,

Graeme
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