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  • #1,001
  • Aug 17, 2010 7:23pm Aug 17, 2010 7:23pm
Quoting wooli
No. It is also the daily pivot level on my feed.
I wonder if Graeme would exit and move on to next one or maybe go to BE?
I'm going to hold on cause the next trouble are would be 1.2840
Yeah will probably get a bit of noise around the .50 area usually do. It looks like its going to be a slow decline. Im not moving stop to B.E. until it pushes through 1.2850. If it then clears 1.2840 I will look to stack.
Regards,
Ben
  • #1,002
  • Aug 17, 2010 7:55pm Aug 17, 2010 7:55pm
Just stepping out for the day unfortunately.

Just seeing momentum on 5 minute.

This must pierce 1.28500 with ease.

Watch the price action around 1.28500 this could turn out to be your first live viewing of volatile breakout or a stall.

My 2 positions are now moved to BE @ 1.28800

Good trading to all.

Sincerely,

Graeme
  • #1,003
  • Aug 17, 2010 8:00pm Aug 17, 2010 8:00pm
Hi Ben,
It went straight through that level the second time.
I've moved to BE and added another position

Regards,
Michael
  • #1,004
  • Aug 17, 2010 8:04pm Aug 17, 2010 8:04pm
Quoting wooli
Hi Ben,
It went straight through that level the second time.
I've moved to BE and added another position

Regards,
Michael
Hi Michael,
Im waiting for it to clear .500 did you see it stop there ?
Regards
Ben
  • #1,005
  • Aug 17, 2010 8:07pm Aug 17, 2010 8:07pm
Graeme was in that move 15 pips before me. Shows how much I have to learn. Think he must have gone off flying Buddah on 5 min chart!!
  • #1,006
  • Aug 17, 2010 8:10pm Aug 17, 2010 8:10pm
Quoting leggo
Yeah will probably get a bit of noise around the .50 area usually do. It looks like its going to be a slow decline. Im not moving stop to B.E. until it pushes through 1.2850. If it then clears 1.2840 I will look to stack.
Regards,
Ben
I find that the E/U likes .20 & .80 for some reason
  • #1,007
  • Aug 17, 2010 8:14pm Aug 17, 2010 8:14pm
Quoting leggo
Graeme was in that move 15 pips before me. Shows how much I have to learn. Think he must have gone off flying Buddah on 5 min chart!!
Yes.
It would being interesting to know his entry criteria for this trade

Michael
  • #1,008
  • Aug 17, 2010 8:19pm Aug 17, 2010 8:19pm
Im in again Michael first stop moved to be
  • #1,009
  • Aug 17, 2010 8:22pm Aug 17, 2010 8:22pm
Quoting pipEASY
Just stepping out for the day unfortunately.

Just seeing momentum on 5 minute.

This must pierce 1.28500 with ease.

Watch the price action around 1.28500 this could turn out to be your first live viewing of volatile breakout or a stall.

My 2 positions are now moved to BE @ 1.28800

Good trading to all.

Sincerely,

Graeme

im already in on 2 positions on this, but am now looking at 1.2825, the point for the volitility breakout on the 4hr.
if it breaks this with gusto on the 5min i will place a third and final position for the moment.

cheers
geoff
  • #1,010
  • Aug 17, 2010 8:29pm Aug 17, 2010 8:29pm
Quoting geoffrod
im already in on 2 positions on this, but am now looking at 1.2825, the point for the volitility breakout on the 4hr.
if it breaks this with gustoon the 5min i will place a third and final position for the moment.

cheers
geoff
Hi Geoff,
Did you go straight in after F.B. on 4hr chart for your first position?
regards,
Ben
  • #1,011
  • Aug 17, 2010 8:30pm Aug 17, 2010 8:30pm
Quoting leggo
Graeme was in that move 15 pips before me. Shows how much I have to learn. Think he must have gone off flying Buddah on 5 min chart!!
Hi Ben,
Looks like trouble getting through 1.2840ish.
All my positions are at BE now just in case.
Michael
  • #1,012
  • Aug 17, 2010 8:46pm Aug 17, 2010 8:46pm
Quoting leggo
Hi Geoff,
Did you go straight in after F.B. on 4hr chart for your first position?
regards,
Ben
hey ben,
first was at 1.2863
bit cautious, but was wanting to see it moove down again,
second position was at 1.2850, was a nice bit of momentum thru that one and as i said 3rd will be at the break of 25.

cheers
geoff

edit;

my aud/usd is at BE
my aud/jpy is at BE
my eur/jpy is at BE
the first of my 2 eur/usd is at BE
my nzd/jpy is at BE
my nzd/usd is struggling at the moment
  • #1,013
  • Aug 17, 2010 9:02pm Aug 17, 2010 9:02pm
Graeme,

Thanks for the methodology from 'Joe'.

One question: In one of the opening posts about his methodology you mentioned he only uses 4hr bars but later you mentioned that he uses 1hr and 15min bars as well. Do you mean that for the the initial entry he only uses 4hr flying Buddhas and then uses 1hr and 15min bars for adds to his position? I assume that is the case and just wanted to clarify.

Would it be possible to explain a bit how he uses the 15min and 1hr bars for stacking? Does he buy the 50% retracement in these time-frames like he does for the 4hr bars or is there something else that he does on the lower timeframes to stack?

Thanks,
boz
  • #1,014
  • Aug 17, 2010 9:03pm Aug 17, 2010 9:03pm
Quoting geoffrod
hey ben,
first was at 1.2863
bit cautious, but was wanting to see it moove down again,
second position was at 1.2850, was a nice bit of momentum thru that one and as i said 3rd will be at the break of 25.

cheers
geoff

edit;

my aud/usd is at BE
my aud/jpy is at BE
my eur/jpy is at BE
the first of my 2 eur/usd is at BE
my nzd/jpy is at BE
my nzd/usd is struggling at the moment
Good Stuff!!
I have to similar to yours on Euro second one is not at be yet though just giving it a bit of breathing space. I have one position on Aud/Usd also
Regards,
Ben
  • #1,015
  • Aug 17, 2010 9:28pm Aug 17, 2010 9:28pm
In Asian market
18Aug10 GMTs
watching EU M5 after checking 4H, 1H & M15
00:20 Sell 0.03 at 1.28644 after initial hesitation on my part
00:33 SL hit at 1.28750
00:35 Sell 0.05 at 1.28720 still have FB (not false break) in mind
01:35 SL to BE
01:40 Has punched thru 1.28500, M5 & M15 showing 1.28500 now as resistance
01:45 SL to 1.28655 (+6.4pips) to cover 1st SL
01:50 M5 & M15 test 1.28500 resistance for 2nd time
01:56 M1 1.28500 resistance broken - rechecked SL calc

cheers scalpz
Target 2 : Stoploss in the green
  • #1,016
  • Aug 17, 2010 9:39pm Aug 17, 2010 9:39pm
Quoting scalpz
In Asian market
18Aug10 GMTs
watching EU M5 after checking 4H, 1H & M15
00:20 Sell 0.03 at 1.28644 after initial hesitation on my part
00:33 SL hit at 1.28750
00:35 Sell 0.05 at 1.28720 still have FB (not false break) in mind
01:35 SL to BE
01:40 Has punched thru 1.28500, M5 & M15 showing 1.28500 now as resistance
01:45 SL to 1.28655 (+6.4pips) to cover 1st SL
01:50 M5 & M15 test 1.28500 resistance for 2nd time
01:56 M1 1.28500 resistance broken - rechecked SL calc

cheers scalpz
Its had a bit of a retrace but good to see it back below 1.2850
  • #1,017
  • Edited 10:40pm Aug 17, 2010 10:28pm | Edited 10:40pm
Quoting leggo
Its had a bit of a retrace but good to see it back below 1.2850
Slipped in my 3rd sell, then it decided to retest above the 50. Gave Lower High - good.
That is;
02:36 #3 Sell 0.05 at 1.28501 when it came back up for a retest
covered SL with part of #2 profit (moved #2 SL down a little, will put it back after #3 sell to BE)

Now below 50 but would like to see retest of about 1.2844 before I set my #3 to BE. That would give me 2 at BE.

maybe those 03:21 & 03:22 bars where the retest. Wait for price to fall out the bottom (1.2840) & then reset BE's.
Who was saying 1.2840 earlier -

Hey Wooli
"... I'm going to hold on cause the next trouble are(a) would be 1.2840 ..."
What were you looking at to show you that area.



Will have to set up a clearer chart to see this flying buddah better.

cheers scalpz
Target 2 : Stoploss in the green
  • #1,018
  • Aug 17, 2010 11:37pm Aug 17, 2010 11:37pm
Quoting scalpz
Slipped in my 3rd sell, then it decided to retest above the 50. Gave Lower High - good.
That is;
02:36 #3 Sell 0.05 at 1.28501 when it came back up for a retest
covered SL with part of #2 profit (moved #2 SL down a little, will put it back after #3 sell to BE)

Now below 50 but would like to see retest of about 1.2844 before I set my #3 to BE. That would give me 2 at BE.

maybe those 03:21 & 03:22 bars where the retest. Wait for price to fall out the bottom (1.2840) & then reset BE's.
Who was saying 1.2840 earlier -

Hey Wooli
"... I'm going...
Hi Scalpz,

No crystal ball... just looked to the left on the chart and noticed the big spike down the previous day at about 3pm in the London session.

Also if you go back in your charts this level often acted as S&R.

Michael
  • #1,019
  • Aug 17, 2010 11:46pm Aug 17, 2010 11:46pm
What time frames are you guys entering on? I'm finding 5m a real bugger. You can't take your eyes off the screen very much or you might miss something. I already missed out on a couple opportunities. G/U, E/U have been steadily going down since NY open with these little momentum spurts on 5m.
  • #1,020
  • Aug 18, 2010 12:08am Aug 18, 2010 12:08am
Quoting pip_daddy
What time frames are you guys entering on? I'm finding 5m a real bugger. You can't take your eyes off the screen very much or you might miss something. I already missed out on a couple opportunities. G/U, E/U have been steadily going down since NY open with these little momentum spurts on 5m.
Im using 5M ... hoping to stack in as many positions possible ...
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