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  • #7,821
  • Aug 18, 2010 2:33am Aug 18, 2010 2:33am
anybody watching g/j

just had bounce of the LTL
  • #7,822
  • Aug 18, 2010 2:34am Aug 18, 2010 2:34am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting erikte279
a/u
Yep.. watching with interest for next H1 close. H4 has provided some good direction this past week both in entries and profit taking.
  • #7,823
  • Aug 18, 2010 2:39am Aug 18, 2010 2:39am
tis true

Quoting Oz4x
Yep.. watching with interest for next H1 close. H4 has provided some good direction this past week both in entries and profit taking.
Annoying Precision
  • #7,824
  • Aug 18, 2010 2:45am Aug 18, 2010 2:45am
Quoting erikte279
What have you found most challenging in your trading journey?

my own belief in my own plan
  • #7,825
  • Aug 18, 2010 2:53am Aug 18, 2010 2:53am
are you sure!?!? jk lol

good answer

Quoting redsword11
my own belief in my own plan
Annoying Precision
  • #7,826
  • Aug 18, 2010 3:02am Aug 18, 2010 3:02am
Quoting erikte279
are you sure!?!? jk lol

good answer

not good answer - true answer
  • #7,827
  • Aug 18, 2010 3:03am Aug 18, 2010 3:03am
Ok traders , pop quiz time!

When price of action of a Smaller timeframe countertrends to a support/ resistance level of a Higher timeframe and forms a reversal bar what actions do you take to ensure you the highest chance of success? :nerd:
Annoying Precision
  • #7,828
  • Edited 3:45am Aug 18, 2010 3:19am | Edited 3:45am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting Oz4x
Scaled in another small short at underside touch of DPP at 90254. First short from 9041 now at b/e.

Mental stops are / were both 10 pips - if it went against me early I wasn't waiting around. Take a small partial on this at 9000(ish) to cover risk, plus give me a bit more for beers with the boys on Friday .

Immediate focus is 9000 and the DPP ranges and what it does around either of those; that will determine next steps.

Not there yet though.. just a short term plan... still neutral long term on AUD.
H1 close below 9000. Small partial taken at 8995. Risk and "beer money" now all covered. All stops at BE.

Still keeping an eye on PA around 9000 and the H4 for a bit - not out of the woods yet. If it gets below some H4 resistance I might even turn a bit bearish... and some kind of H&S on H4 may be forming down the track

<edit>> Glad I took some profit.. straight back up above 9000
  • #7,829
  • Aug 18, 2010 3:44am Aug 18, 2010 3:44am
Quoting erikte279
Ok traders , pop quiz time!

When price of action of a Smaller timeframe countertrends to a support/ resistance level of a Higher timeframe and forms a reversal bar what actions do you take to ensure you the highest chance of success? :nerd:
pray
  • #7,830
  • Aug 18, 2010 4:00am Aug 18, 2010 4:00am
can someone confirm the divergence on the G/J for a short?

[IMG]file:///C:/DOCUME%7E1/howardn/LOCALS%7E1/Temp/moz-screenshot.png[/IMG]
Attached Image (click to enlarge)
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  • #7,831
  • Aug 18, 2010 4:07am Aug 18, 2010 4:07am
Hey all just wondering if anyone was watching this re-test? gbp has had a bit of a rally last hour or so.
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  • #7,832
  • Aug 18, 2010 4:08am Aug 18, 2010 4:08am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting Oz4x
H1 close below 9000. Small partial taken at 8995. Risk and "beer money" now all covered. All stops at BE.

Still keeping an eye on PA around 9000 and the H4 for a bit - not out of the woods yet. If it gets below some H4 resistance I might even turn a bit bearish... and some kind of H&S on H4 may be forming down the track

<edit>> Glad I took some profit.. straight back up above 9000
DPP hit.. last entry out at BE with a little extra. Could have given it more room but not turning winner into loser is in the rules!!
  • #7,833
  • Edited 10:28am Aug 18, 2010 9:54am | Edited 10:28am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
H1 - Another strong push through DPP and 9000.. this one got a bit lower.. will it hold?

Entered at 9020 on the next M15 candle of the DPP push.. still not convinced I'm on the right side of this yet longer term but entry was in my rules so straight in.

A partial TP again at 8985 and rest to B/E - deja vu all over again..

<edit>> in keeping with the intent of this thread.. I attach my chart.. <apologies> a H1 close below 8985 will give me some vision of 8950-60 first.
Attached Image (click to enlarge)
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  • #7,834
  • Aug 18, 2010 10:41am Aug 18, 2010 10:41am
Quoting Oz4x
H1 - Another strong push through DPP and 9000.. this one got a bit lower.. will it hold?

Entered at 9020 on the next M15 candle of the DPP push.. still not convinced I'm on the right side of this yet longer term but entry was in my rules so straight in.

A partial TP again at 8985 and rest to B/E - deja vu all over again..

<edit>> in keeping with the intent of this thread.. I attach my chart.. <apologies> a H1 close below 8985 will give me some vision of 8950-60 first.
It's Wacky Wednesday!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,835
  • Aug 18, 2010 10:46am Aug 18, 2010 10:46am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting MarcVUM
It's Wacky Wednesday!
Ha! Too true Marc... doing my head in <jokes>. Would be nice to get a decent run on..
  • #7,836
  • Aug 18, 2010 10:53am Aug 18, 2010 10:53am
Quoting Oz4x
Ha! Too true Marc... doing my head in <jokes>. Would be nice to get a decent run on..
I wasn't around when it tanked...any idea on what it was at 8:45am est that made it fall?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #7,837
  • Aug 18, 2010 10:58am Aug 18, 2010 10:58am
Hello guys,

I see you talk about AUDUSD,

Its very easy to falow this pair,only you need is price action,also i created new candle formation and when i have that combination very clear setups



Hope you like it


If you want to learn my formation please go read my thread (see signature)


Cheers and happy pips
Attached Image (click to enlarge)
Click to Enlarge Name: priceaction.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #7,838
  • Aug 18, 2010 11:25am Aug 18, 2010 11:25am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting MarcVUM
I wasn't around when it tanked...any idea on what it was at 8:45am est that made it fall?
Maybe this mate.. I was going straight off PA but..?

Wed, Aug 18 2010, 14:38 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - The Aussie was crushed over 70 pips since the beginning of the US session, as currencies tied to commodities were punished on a risk-off environment, with Oil and Metal prices testing new lower ground too. At present, the price can be found at 0.8987, a 0.66% lower compared to its previous close.

After visiting its daily high just under 0.9060 in Asia, the Australian Dollar started to get weaker up until the European trading session, where despite a recovery attempt lifted the price up to 0.9050 , the Greenback stepped up to go for the big drag of the day.

........

Another set of trendlines on my H1 AUD might now also keep me interested. Patience here for me..
Attached Image (click to enlarge)
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  • #7,839
  • Aug 18, 2010 11:31am Aug 18, 2010 11:31am
Saxon are you here my friend ?



WHats up ?

You have some on target ?
"Buy on fear, sell on greed !!!
  • #7,840
  • Aug 18, 2010 11:40am Aug 18, 2010 11:40am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting Petar_Serbia
Hello guys,

I see you talk about AUDUSD,

Its very easy to falow this pair,only you need is price action,also i created new candle formation and when i have that combination very clear setups



Hope you like it


If you want to learn my formation please go read my thread (see signature)


Cheers and happy pips
Hi Petar

Looks interesting and I appreciate the offer, will drop in for a visit.

Thank you.

- Oz
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