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  • #601
  • Aug 25, 2010 10:37am Aug 25, 2010 10:37am
Next Breach Entry Point @ 1.5462. Nice convergence with swing resistance.
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  • #602
  • Aug 25, 2010 11:44am Aug 25, 2010 11:44am
Resistance at 1.5462 breach held and was stopped out for +74.1pips
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  • #603
  • Aug 25, 2010 5:22pm Aug 25, 2010 5:22pm
Good Morning and Night all...


At least Daily candle at server time - not est time, close above low - weekly fib

Rgds, Iqyu
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not euphoria follower
  • #604
  • Aug 25, 2010 5:33pm Aug 25, 2010 5:33pm
Quoting simoneg
Resistance at 1.5462 breach held and was stopped out for +74.1pips
Hi Simone, thanks for the tip on GB last night, i put in an Order To Open before i went to bed at 1.5435 with a 50 pip limit, and just come in this morning, to see it had moved pretty slowly overnight! Hasnt reached bull targets and is getting close to an 80.9 so i closed it for about 30 pips... not bad seeing as i slept through it! :-)
  • #605
  • Aug 25, 2010 7:59pm Aug 25, 2010 7:59pm
Quoting Jazznos
Hi Simone, thanks for the tip on GB last night, i put in an Order To Open before i went to bed at 1.5435 with a 50 pip limit, and just come in this morning, to see it had moved pretty slowly overnight! Hasnt reached bull targets and is getting close to an 80.9 so i closed it for about 30 pips... not bad seeing as i slept through it! :-)
Hey Jazznos, good going. Good to rest the eyes a bit especially with these lazy moves. We still seem to buying off the breaches so still playing off this analysis for now.
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  • #606
  • Edited 9:39pm Aug 25, 2010 9:11pm | Edited 9:39pm
Finally we get an entry off the 1.5462 breach and now we are above the 1.5480 breach which we may retrace to later for continued buying. 1.5540-60 however continues to be a hot resistance level to watch.
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  • #607
  • Aug 25, 2010 11:23pm Aug 25, 2010 11:23pm
Hey Simone,

I see its gone about 120 pips now since my entry! Dammit!!! :-)

I saw 80.9 coming up and thought, this run could be about over...

How do we know when its time to exit - candle formations and higher timeframe fibs? I often get anxious when in profit, wanting to keep what Ive got rather than risk it for possibly more...

At this rate it could make your 5616 target!!
  • #608
  • Aug 25, 2010 11:34pm Aug 25, 2010 11:34pm
Price has come to daily T1 (5551), a monthly 80.9, and weekly 38.2 short level. Price is retracing short a bit, this sounds like a good short entry?
  • #609
  • Aug 26, 2010 12:29am Aug 26, 2010 12:29am
Quoting Jazznos
Price has come to daily T1 (5551), a monthly 80.9, and weekly 38.2 short level. Price is retracing short a bit, this sounds like a good short entry?
why ? for a clue ....just try switch to 4H and see how it plays around 80.9 monthly.

i could be right and wrong.... human being ....
not euphoria follower
  • #610
  • Aug 26, 2010 1:06am Aug 26, 2010 1:06am
Quoting Jazznos
Price has come to daily T1 (5551), a monthly 80.9, and weekly 38.2 short level. Price is retracing short a bit, this sounds like a good short entry?
Well i took it... 30 pip SL on 2 minis just got cleaned up

Can anyone point out where i went wrong?
  • #611
  • Aug 26, 2010 1:24am Aug 26, 2010 1:24am
Quoting iqyu5an
why ? for a clue ....just try switch to 4H and see how it plays around 80.9 monthly.
Hi... well, im not sure what youre seeing there that im not? Any specifics?! :-)
  • #612
  • Edited 2:10am Aug 26, 2010 1:27am | Edited 2:10am
Quoting Jazznos
Well i took it... 30 pip SL on 2 minis just got cleaned up

Can anyone point out where i went wrong?
Hey Jazznos,

You are not alone! Set my TP on my last long there and set Sell entry order with 30 pip stop while I yet slept! Anyway, 1.5580 takes care of extended buying and today's bull targets so we should be selling a bit now to 1.5490 to 1.5480. Back to bed... Ok before sleep, a chart. We have definitely completely made today's bull targets now.
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  • #613
  • Edited 2:24am Aug 26, 2010 2:10am | Edited 2:24am
Sorry about that, updated the GU chart will see where we go from here. 1.5560 tricky area, Monthly Resistance.
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  • #614
  • Aug 26, 2010 5:04am Aug 26, 2010 5:04am
We had some nice buying off yesterday's setup and went to the H4 breach posted earlier. Hit the daily bull targets and swing resistance giving opportunities for shorting.
My TP was hit on the last long for +56.3pips.
Entry sell triggered at 1.5550 and stopped out -30.8pips.
Shorted on the achieved bull targets for +107pips.
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  • #615
  • Aug 26, 2010 5:24am Aug 26, 2010 5:24am
Now that the daily bull targets are hit, it is likely that we will seek to return to the support of the upswing. Notice this takes us back to our stall level in the 1.5400 zone. Support is at 1.5480 on our way down. Should we break there, we will get a strong resistance level here for further selling.
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  • #616
  • Aug 26, 2010 5:39am Aug 26, 2010 5:39am
We got an entry off our first breach at 1.5565 and are now facing lower breach at 1.5536.
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  • #617
  • Aug 26, 2010 6:01am Aug 26, 2010 6:01am
Quoting Jazznos
Re convergence - convergence of ANY fibs, or convergence eg of the same type - like a few 19.1s showing support? Do we want 4 of a kind or a straight? :-)
Convergence of levels of s/r.
A. Finesse Williams Making Millions One Pip At A Time!
  • #618
  • Aug 26, 2010 6:05am Aug 26, 2010 6:05am
We closed below our second breach level and are now facing 1.5525 breach
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  • #619
  • Aug 26, 2010 6:25am Aug 26, 2010 6:25am
Price on GU appears to be trying to reach 5497. Which is the daily 80.9 and swing support. It also converges with intraday T1 and breach. If price inches south before employment news, this level should facilitate further buying. :nerd:
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  • #620
  • Aug 26, 2010 6:26am Aug 26, 2010 6:26am
Quoting simoneg
We had some nice buying off yesterday's setup and went to the H4 breach posted earlier. Hit the daily bull targets and swing resistance giving opportunities for shorting.
Hi, all.
Simone, can you explain the deal with sell GU from 1.55831?
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