yes...then down to the master 3rd tap. I'm watching the 1 hr for the 3rd counter tap. Actually there's 3 on the 30 min. Should be worth a few pips. maybe 10-15
Thanks for the heads up on G/U and E/J....just sniped E/G for 8 pips. Love those little baby tap things but they can get me in trouble every once in a while.
Thanks for the heads up on G/U and E/J....just sniped E/G for 8 pips. Love those little baby tap things but they can get me in trouble every once in a while.
I take counters from time to time....especially in a channel or triangle. I probably shouldn't because that's were you'll lose more often....but...with three taps they usually work out. I don't want to hijack Dave's thread. If you do it...go for minumums. These are not plug and play trades. You baby sit them.
Do the basic system first....you'll see the extra trades after a while.
I don't take any trade without evaluating it on all time frames.
I'm newly registered here but have followed this thread a good deal and appreciate all the insight here. The GU looks to be in a possible downtrend with the 3rd tap on the current candle. This may be a counter trade. I'm curious if anyone else sees it this way as I improve my skils with this method. Also, the AUDUSD seems to be in a downtrend too. Comments?
I'm newly registered here but have followed this thread a good deal and appreciate all the insight here. The GU looks to be in a possible downtrend with the 3rd tap on the current candle. This may be a counter trade. I'm curious if anyone else sees it this way as I improve my skils with this method. Also, the AUDUSD seems to be in a downtrend too. Comments?
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it looks up to me on the 4hr daily and week. im on a phone so the charts are small. i do see three taps above on a horizontal line
Thanks for the reply. It looks to be working out that way (up). The AUDUSD does seem to be working out as a short after a 3rd touch. I think I'm getting the hang of this. Demo for now.
It's bumping a horizontal line. I have other indicators that say it's maxed at the high? A good drop on most pairs of JPY....on open tonight? Sooner?
G/J looks similiar.
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I think all indicators are up on anything related to the JPY because the central bank in Japan has taken steps to devalue the currency, hence the big jump in everything XXX/JPY on 9/15. That makes me want to stay away from these pairs until we have more data in a few days and things settle out. I do believe these will drop, but it gets scary when the gov't steps in to move currencies. To me when that happens "all bets are off."
It's bumping a horizontal line. I have other indicators that say it's maxed at the high? A good drop on most pairs of JPY....on open tonight? Sooner?
G/J looks similiar.
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Sorry, I'm late getting to charts. I don't like that spike, though I beleive there is plenty of up room (look at the daily and weekly) left. Weekly, daily are long. Another 3 touch formed after the spike. Will be interesting to watch.
The double top says it's maxed unless it does something very unusual. It looks a lot like the makings of a double top on the 1hr. The thing is the spike up from the other day was artificial. I think it will drop, at least some, tonight. The kicker will be if it breaks the line you drew. The bottom line.
I'm wondering if the long line means down???
QUOTE=lawgirl21;4028099]Sorry, I'm late getting to charts. I don't like that spike, though I beleive there is plenty of up room (look at the daily and weekly) left. Weekly, daily are long. Another 3 touch formed after the spike. Will be interesting to watch.[/quote]
G/U may be reversing....it's tapping a horizontal line. Watching G/J...it's tapped a horizontal line two times....I think all the JPY pairs are maxing. Some of the other pairs seem to have been caught up in the japanese manipulation this week....I'm thinking lots of pairs may try to find their true value tonight....which is down.
G/U may be reversing....it's tapping a horizontal line. Watching G/J...it's tapped a horizontal line two times....I think all the JPY pairs are maxing. Some of the other pairs seem to have been caught up in the japanese manipulation this week....I'm thinking lots of pairs may try to find their true value tonight....which is down.
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I'm not seeing it. GJ is long on weekly, daily, H4 even monthly TFs and has alot of run to resistence levels yet. GU looks pretty much the same.
Trendline Scalping 4hr timeframe
