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  • #1,241
  • Aug 23, 2010 7:20am Aug 23, 2010 7:20am
Quoting leggo
Im short on eur/chf after flying buddah and 3 wick bounce on 5min
Good. Im in now with 1.31680 with hard stop loss above the wicks. Hard stop loss at 1.31770.
  • #1,242
  • Aug 23, 2010 7:21am Aug 23, 2010 7:21am
Quoting pipEASY
Good. Im in now with 1.31680 with hard stop loss above the wicks. Hard stop loss at 1.31770.
Volatile breakout and we are on the wrong side. OUT
  • #1,243
  • Aug 23, 2010 7:22am Aug 23, 2010 7:22am
Quoting pipEASY
Good. Im in now with 1.31680 with hard stop loss above the wicks. Hard stop loss at 1.31770.
That went well!!!!!!!! Oh well I only lost 10 pips.
  • #1,244
  • Aug 23, 2010 7:26am Aug 23, 2010 7:26am
Keep moving guys.

Keep calling entries. I will try enter with everyone on all calls
  • #1,245
  • Aug 23, 2010 7:29am Aug 23, 2010 7:29am
Im in gbp/chf buy 1.61110

eur/jpy sell 108.225
  • #1,246
  • Aug 23, 2010 7:32am Aug 23, 2010 7:32am
Just entered buy on chf/jpy i was having a bit of a gamble on a double wick bounce didnt happen but could be ok
  • #1,247
  • Aug 23, 2010 7:38am Aug 23, 2010 7:38am
OUT -6 pips. Starting to make sloppy entries now just for the sake of it!! Going to bed good luck everyone.
Regards,
Ben
  • #1,248
  • Aug 23, 2010 7:47am Aug 23, 2010 7:47am
Hi Graeme,

May I ask if you enter the eur/jpy based on a FB? Because I don't have a FB around 108.225 on my chart. Maybe this is because we are using a different broker with different time zones...?

Thanks
Mel



Quoting pipEASY
Im in gbp/chf buy 1.61110

eur/jpy sell 108.225
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy 5min.gif Size: 13 KB
  • #1,249
  • Aug 23, 2010 7:50am Aug 23, 2010 7:50am
Quoting leggo
OUT -6 pips. Starting to make sloppy entries now just for the sake of it!! Going to bed good luck everyone.
Regards,
Ben
Ben

chf/jpy buy position is correct

Double wick bounce, flying buddha and up candle engulfing previous downcandle.

This is a good trade, Ben.

I know you are not upset but you are doing everything correct and taking best setups.

Im in this one too with you.

If this good setup doesnt work out I will call it a day as well.

Graeme
  • #1,250
  • Aug 23, 2010 7:52am Aug 23, 2010 7:52am
Quoting @mel
Hi Graeme,

May I ask if you enter the eur/jpy based on a FB? Because I don't have a FB around 108.225 on my chart. Maybe this is because we are using a different broker with different time zones...?

Thanks
Mel
Hi Mel

I took it after the previous buddha and then a engulfing pattern after the up candle.

That position just died on BE. I was hoping the price would pierce S1 but stalled.

Sincerely,

Graeme
  • #1,251
  • Aug 23, 2010 7:56am Aug 23, 2010 7:56am
hi pipeasy

hopefully u catch this qns before you head off to bed.
when you mentioned abt a buy on chf/yen do u feel its against a trend especially since it has come down by abt 40 pips since we broke support.

or do u just watch price as it comes.
thank you once again for your mentoring
i'm starting to see the importance of wicks.
  • #1,252
  • Aug 23, 2010 7:58am Aug 23, 2010 7:58am
Ok, Thanks Graeme.

Quoting pipEASY
Hi Mel

I took it after the previous buddha and then a engulfing pattern after the up candle.

That position just died on BE. I was hoping the price would pierce S1 but stalled.

Sincerely,

Graeme
  • #1,253
  • Aug 23, 2010 8:05am Aug 23, 2010 8:05am
Battle stations eur/usd
making green pips large and red pips small this is my goal.
  • #1,254
  • Aug 23, 2010 9:22am Aug 23, 2010 9:22am
Wow Graeme,

Absolute gold dust your continuing to sprinkle about us. All we have to do is imerse ourselves.

Just took live trade from 5min EU/US decending 3 wicks. Entered at 1.2719 with a 6 pip stop. I don't think I've ever been as confident taking a trade and your "icing on the cake" description of wicks is what gave me that confidence. One take profit at 127.09. SL move to break even currently up 30pips.

Glen
  • #1,255
  • Aug 23, 2010 9:50am Aug 23, 2010 9:50am
Hi Guys...

In on a momentum break short on 5M EURO and took some profit off the table to pad my SL to make this a BE trade at the worst.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5m momo 23.08.10.gif Size: 17 KB
  • #1,256
  • Aug 23, 2010 10:15am Aug 23, 2010 10:15am
Hi Graeme,

I would like to ask you another question, if you don't mind. I know that your friend, Joe, only takes short trades based on the flying buddha's, however I noticed today that it was also possible to find good FB setups to the upside. I was wondering if you ever took one to the upside.

Thanks,
Mel
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy 5min.gif Size: 16 KB
  • #1,257
  • Edited 10:56am Aug 23, 2010 10:25am | Edited 10:56am
Hi Graeme,

Just thought I'd share an example of an FB and lower wicks all on one 5M chart on the EURJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 5m fb example 23.08.10.gif Size: 20 KB
  • #1,258
  • Aug 23, 2010 11:12am Aug 23, 2010 11:12am
Good evening, all

I couldnt sleep well knowing that I have unfinished my previous task of today.

I spent a good uk session entering trades live with fellow participants. I felt what they felt and it concerns me to a degree.

It is all part of healthy learning and that is the whole purpose Im dedicating my efforts here.

First I will reply some posts,

miracle16- I will answer your question together in a chart now.

ozziedave- perfect. Wick interpretation is spot on, tight entry with perfect looking flying buddha. This should most likely made you alot of profits

pip_daddy- good question and I will answer in my next chart
  • #1,259
  • Aug 23, 2010 11:13am Aug 23, 2010 11:13am
Hi Graeme,

Thanks for this great insightful thread. Read through 60+ pages overnight.

Still 15+ pages to go to get to current.

Presently, Eur/Usd kind of scraped the last week's low and started going back up. Would you consider this as an potential buy and place an order accordingly.

The reason I am asking is, do you take into consideration above/ below London open for buy /sell (like you mentioned in earlier pages) OR just get in either way, if the setup looks promising?

Lastly, how do you really manage to scan 5 min charts on so many pairs? Do you short list only those that has a shown a possibility on the 4 hour?

Thanks very very much for your great contribution and a cool thread.

Regards
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,260
  • Aug 23, 2010 11:23am Aug 23, 2010 11:23am
First of all.

Tight entries.

What is a tight entry?

Tight entry is when you spend or anticipate to spend less than the required hard stop loss.

Where would you enter?

http://img844.imageshack.us/img844/8601/aa1u.png

http://img842.imageshack.us/img842/9688/aa1ft.png

http://img686.imageshack.us/img686/9643/aa1i.png

http://img820.imageshack.us/img820/9844/aa1q.png
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