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Trendline Scalping 4hr timeframe

  • #761
  • Aug 19, 2010 2:24am Aug 19, 2010 2:24am
Hey guys!

I'v been reading a little up on the thread here. Good stuff!

Here should be a trade on uj happening now that is in line with the thread. Got the 3hit, and its also at 61.8 fib wich adds confluence.

Please correct me if im wrong.
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  • #762
  • Edited 2:30am Aug 19, 2010 2:29am | Edited 2:30am
Quoting david486
guys two trades. gbp and eur both are buys. please check nn for update close and open if the trades arent there for some reason.
retail sales and industrial orders are coming out so watch out for them
Would I be correct to say we just got a potential entry on the GBPJPY @ 133.11
Low Risk Low Stress High Reward High Probability Trades
  • #763
  • Aug 19, 2010 2:34am Aug 19, 2010 2:34am
Quoting Storeball
Hey guys!

I'v been reading a little up on the thread here. Good stuff!

Here should be a trade on uj happening now that is in line with the thread. Got the 3hit, and its also at 61.8 fib wich adds confluence.

Please correct me if im wrong.
I would think the first touch or should I say the L1 is too far back from the L2 but will leave that to Dave & the other gurus here, as I'm just learning too, but good observation and I like the confluence for additional confirmation.
Low Risk Low Stress High Reward High Probability Trades
  • #764
  • Aug 19, 2010 2:37am Aug 19, 2010 2:37am
anybody in on GJ?
  • #765
  • Aug 19, 2010 2:48am Aug 19, 2010 2:48am
Quoting toiii
anybody in on GJ?
I'm not in yet but waiting for a green candle to bounce off the TL & my other indicators to turn & agree with the trade so I can make
Low Risk Low Stress High Reward High Probability Trades
  • #766
  • Aug 19, 2010 2:49am Aug 19, 2010 2:49am
Quoting 919gilead
I'm not in yet but waiting for a green candle to bounce off the TL & my other indicators to turn & agree with the trade so I can make
ic..
mine already hit the L3..hm, just wait for something good..
  • #767
  • Aug 19, 2010 3:02am Aug 19, 2010 3:02am
Quoting toiii
ic..
mine already hit the L3..hm, just wait for something good..
Agreed - I mentioned mine hitting too in post 762
Low Risk Low Stress High Reward High Probability Trades
  • #768
  • Aug 19, 2010 3:17am Aug 19, 2010 3:17am
retail sales in 13 minutes i would stay out.
  • #769
  • Aug 19, 2010 3:27am Aug 19, 2010 3:27am
guys hope no one entered remember not to enter trades 1 hour after or before news
  • #770
  • Aug 19, 2010 3:28am Aug 19, 2010 3:28am
Quoting john19r
retail sales in 13 minutes i would stay out.
me too..need to stay out..
  • #771
  • Aug 19, 2010 3:29am Aug 19, 2010 3:29am
Quoting david486
guys hope no one entered remember not to enter trades 1 hour after or before news
yeah..already out, 2 pips..lol
  • #772
  • Aug 19, 2010 3:31am Aug 19, 2010 3:31am
wow..the price is jumping..lol
  • #773
  • Aug 19, 2010 3:32am Aug 19, 2010 3:32am
WOWOWOWOWOW
  • #774
  • Aug 19, 2010 3:33am Aug 19, 2010 3:33am
Quoting sunny17
WOWOWOWOWOW
I should hold my position, got 50 pips..lol
  • #775
  • Aug 19, 2010 3:38am Aug 19, 2010 3:38am
I was in for that, 2 lots......nice, still in EJ

GG
Now trading live
  • #776
  • Aug 19, 2010 3:39am Aug 19, 2010 3:39am
yes one of those trades. what if the news was negative for the gbp would of saved 50pips loss. better to be safe than sorry. not to worry we still have the eurjpy trade
  • #777
  • Aug 19, 2010 3:40am Aug 19, 2010 3:40am
Quoting david486
yes one of those trades. what if the news was negative for the gbp would of saved 50pips loss. better to be safe than sorry. not to worry we still have the eurjpy trade
yeah..that's correct..just wait for EJ now..
there's no news for EJ today, right?
  • #778
  • Aug 19, 2010 3:42am Aug 19, 2010 3:42am
no news. just orange news for the gbp. shouldnt really affect eur
  • #779
  • Aug 19, 2010 3:43am Aug 19, 2010 3:43am
could be the other way . its a gamble
  • #780
  • Aug 19, 2010 3:44am Aug 19, 2010 3:44am
Quoting Gg33
I was in for that, 2 lots......nice, still in EJ

GG
hello Gg33, EJ is not trigger for me
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