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Rufus

  • #361
  • Aug 16, 2010 1:02am Aug 16, 2010 1:02am
Quoting matlobien
Great journal.

Keep up the good work and many pips to you mate.


Thank you
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #362
  • Aug 16, 2010 1:02am Aug 16, 2010 1:02am
Quoting lorbax
i got short too at the bounce of the 200SMA, also mid-pivot there.
it doesn't totally look good for now but let's hope. target 1.2805 close to daily pivot for 20 pips.
target reached. thank you rufus, it's always great sharing ideas. you're doing a great job! have a nice day.
Lorenzo
  • #363
  • Aug 16, 2010 1:03am Aug 16, 2010 1:03am
I shorted again.... That pin bar on the 15m chart took me out to the pip.
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Click to Enlarge Name: 8.16 eu entry.15m.#2.jpg Size: 96 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #364
  • Aug 16, 2010 1:08am Aug 16, 2010 1:08am
Quoting lorbax
target reached. thank you rufus, it's always great sharing ideas. you're doing a great job! have a nice day.

Thank you Lorbax

We will always be learning. It is faster when we learn together
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #365
  • Aug 16, 2010 1:29am Aug 16, 2010 1:29am
Even the 1h chart looks good for a short. Put in the call....get this thing to drop..

I would like to get a little more distance before the medium impact news comes out in 32minutes

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #366
  • Aug 16, 2010 1:51am Aug 16, 2010 1:51am
in a thin market, light news day, those euro inflation numbers could make the mare go. European stocks are down - if the inflation numbers are low your shorts might have room to run. I am flat til the news...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #367
  • Aug 16, 2010 1:54am Aug 16, 2010 1:54am
Quoting The Fool
in a thin market, light news day, those euro inflation numbers could make the mare go. European stocks are down - if the inflation numbers are low your shorts might have room to run. I am flat til the news...

I have moved to BE. A little before I would like to, but sometimes you just have to cover your ass.

Rufus
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  • #368
  • Aug 16, 2010 2:18am Aug 16, 2010 2:18am
First target hit. Stops all at BE.


15m trendline broken. closed them all out

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #369
  • Aug 16, 2010 2:27am Aug 16, 2010 2:27am
I squeezed in a long without much conviction @ .2780 and got a break. sl @ +5 & I will sleep on it. Have a good week man...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #370
  • Aug 16, 2010 2:29am Aug 16, 2010 2:29am
I am headed to bed.

Maybe tomorrow I will get a nice direction to work with.

Rufus
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  • #371
  • Aug 16, 2010 2:30am Aug 16, 2010 2:30am
Quoting The Fool
I squeezed in a long without much conviction @ .2780 and got a break. sl @ +5 & I will sleep on it. Have a good week man...

You too...I am done for the night as well.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #372
  • Aug 16, 2010 8:12am Aug 16, 2010 8:12am
Last night was just under even. That Monthly pivot has continued to hold. It will be interesting to see where price takes it today. The way I am figuring the current trend is 4h just turning up with the hour of course up. The longer time frames down.

If this monthly pivot breaks down. I more than likely will be working with shorts. Otherwise we may be starting a new longer term trend to work with.

I will be back for TO to look for any swing positions. LO to start in on intraday.

Below is the current chart.

Also according to my fib measurements there might be the makings of a H/S which of course will send me to longs
Attached Image(s) (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #373
  • Aug 17, 2010 12:30am Aug 17, 2010 12:30am
Long GU. 1.5639

I will post the reasonings latter need to watch this one

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #374
  • Edited 1:28am Aug 17, 2010 12:35am | Edited 1:28am
Quoting Rufus
Long GU. 1.5639

I will post the reasonings latter need to watch this one

Rufus
I know that it's still early, but, you might want to keep in mind that at 09.30 London Time there is the UK CPI y/y announcement, could be rollercoasterish on the cable. I'm sure you knew it but just to remind it to everyone.

Expercted value 3.1% if over 3.4% it will head north quickly, if lower than 2.8% it will head south. Anything in between shouldn't influence it too much, it "shouldn't" .

many pips!
Lorenzo
  • #375
  • Aug 17, 2010 12:49am Aug 17, 2010 12:49am
Quoting Rufus
Long GU. 1.5639

I will post the reasonings latter need to watch this one

Rufus

Closed out first part at 20 pips, and moved stops up to BE.

I chose the pound for this trade as it looked like the safer of the two. (EU & GU). The pound retraced all the way to the daily pivot. And there seemed to be more areas of resistance to protect my stop.

We are in a range bound market just over 60 pips, my minimum. I took my entry in London session off the bounce off the daily pivot with the stochastics in oversold area in both 15m and 5m charts.

My next target is just under Tokyo high,(Before Frankfurt hit’s the seen) Also under “00” at 1.5690. The last piece I will leave on incase we break out of the range and get a runner.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #376
  • Aug 17, 2010 12:52am Aug 17, 2010 12:52am
Quoting lorbax
I know that it's still early, but, you might want to keep in mind that at 09.30 London Time there is the UK CPI m/m announcement, could be rollercoasterish on the cable. I'm sure you knew it but just to remind it to everyone.

Expercted value 3.1% if over 3.4% it will head north quickly, if lower than 2.8% it will head south. Anything in between shouldn't influence it too much, it "shouldn't" .

many pips!
Thanks for the reminder. I forget news events all the time when I get into my charts. Maybe the news will be the catalist to get some things rolling here.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #377
  • Aug 17, 2010 1:05am Aug 17, 2010 1:05am
Quoting Rufus
Closed out first part at 20 pips, and moved stops up to BE.

I chose the pound for this trade as it looked like the safer of the two. (EU & GU). The pound retraced all the way to the daily pivot. And there seemed to be more areas of resistance to protect my stop.

We are in a range bound market just over 60 pips, my minimum. I took my entry in London session off the bounce off the daily pivot with the stochastics in oversold area in both 15m and 5m charts.

My next target is just under Tokyo high,(Before Frankfurt hit’s the seen) Also under “00”...
Hit my stop on the lst two parts +1 for each.......Nice

The greatness of lower liquidity, range bound, and news coming.

Looking at the EU now
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #378
  • Aug 17, 2010 1:15am Aug 17, 2010 1:15am
Long EU

Broke out of the top of the range, retraced took bounce on 5m will manage the position on 15m
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #379
  • Aug 17, 2010 1:22am Aug 17, 2010 1:22am
Quoting Rufus
.

If this monthly pivot breaks down. I more than likely will be working with shorts. Otherwise we may be starting a new longer term trend to work

Also according to my fib measurements there might be the makings of a H/S which of course will send me to longs
It formed...Fibs are an amazing tool


Rufus
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  • #380
  • Aug 17, 2010 1:29am Aug 17, 2010 1:29am
Lets see if it fills
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