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Trendline Scalping 4hr timeframe

  • #1,181
  • Sep 16, 2010 6:23pm Sep 16, 2010 6:23pm
I hear you on the higher TF's. The lower TF's are starting to move down. the 1 hr is falling a bit....bouncing down off the horizontal line. Also, some people may be taking profit after the wild week.

Look at the red line on the TDI. It's bending on the 4 hr.
  • #1,182
  • Sep 16, 2010 6:40pm Sep 16, 2010 6:40pm
The EurJpy trade doesn't look good. 3rd tap already but looks it's going down
  • #1,183
  • Sep 16, 2010 7:11pm Sep 16, 2010 7:11pm
Quoting juzgood1978
The EurJpy trade doesn't look good. 3rd tap already but looks it's going down
that eurjpy trade was from a few days ago, dave hasnt been around so i guess thats why he hasnt updated
  • #1,184
  • Sep 16, 2010 7:28pm Sep 16, 2010 7:28pm
=-0quote=juzgood1978;4028224]The EurJpy trade doesn't look good. 3rd tap already but looks it's going down[/quote]

I am in it long..will see, but you may be right. Weekly is still long.
  • #1,185
  • Sep 16, 2010 9:18pm Sep 16, 2010 9:18pm
Got hit SL of 40pips . maybe i should set 50pips instead,
  • #1,186
  • Sep 16, 2010 9:30pm Sep 16, 2010 9:30pm
Hope this is a good one
http://www.bigdaypictures.com.sg/Picture22.jpg
  • #1,187
  • Sep 16, 2010 9:43pm Sep 16, 2010 9:43pm
Just entered long. Monthly, weekly, daily, H4 all long.
Attached Image (click to enlarge)
Click to Enlarge Name: euthur.gif Size: 14 KB
  • #1,188
  • Sep 16, 2010 9:45pm Sep 16, 2010 9:45pm
Quoting juzgood1978
Hope this is a good one
http://www.bigdaypictures.com.sg/Picture22.jpg
Where is the 3rd tap?
  • #1,189
  • Sep 16, 2010 9:47pm Sep 16, 2010 9:47pm
Movement in EJ and EU. Both going up.
  • #1,190
  • Sep 16, 2010 10:04pm Sep 16, 2010 10:04pm
Hope you get it!!! Wish you well!!

Quoting lawgirl21
Movement in EJ and EU. Both going up.
  • #1,191
  • Sep 16, 2010 10:06pm Sep 16, 2010 10:06pm
Quoting cugir321
Hope you get it!!! Wish you well!!
I've been in both of them most of the day. Also long GU. How about you?
  • #1,192
  • Sep 16, 2010 10:08pm Sep 16, 2010 10:08pm
Quoting lawgirl21
I've been in both of them most of the day. Also long GU. How about you?
Actually, I just entered EU.
  • #1,193
  • Sep 16, 2010 10:13pm Sep 16, 2010 10:13pm
Quoting lawgirl21
I've been in both of them most of the day. Also long GU. How about you?

I've been very careful today. All the JPY charts have major resistance..... 112.38 for e/j....it may break it.

Up a few pips. Not staying in for the long haul today. My short was good on G/J but didn't stay long. I don't like what I'm seeing. It doesn't want to do anything. I think the japanese thing has effected all the pairs in one way or another.
  • #1,194
  • Sep 16, 2010 10:20pm Sep 16, 2010 10:20pm
Quoting cugir321
I've been very careful today. All the JPY charts have major resistance..... 112.38 for e/j....it may break it.

Up a few pips. Not staying in for the long haul today. My short was good on G/J but didn't stay long. I don't like what I'm seeing. It doesn't want to do anything. I think the japanese thing has effected all the pairs in one way or another.
Sometimes that's just how it is. I didn't have a chance to do much until tonight, but more than doubled by goal in the last 30 min. Will call it quits for the evening.
  • #1,195
  • Sep 16, 2010 10:29pm Sep 16, 2010 10:29pm
i am waiting for the third tap
Quoting lawgirl21
Where is the 3rd tap?
  • #1,196
  • Sep 16, 2010 10:34pm Sep 16, 2010 10:34pm
On my chart the 3rd tap did not actually tap, still ok to enter?
so meaning we need not go by hard and fast rule to see a tap?
Quoting lawgirl21
Actually, I just entered EU.
  • #1,197
  • Sep 16, 2010 10:38pm Sep 16, 2010 10:38pm
Quoting juzgood1978
i am waiting for the third tap
Are you waiting for a short trade? I'm not understanding that chart.
  • #1,198
  • Sep 16, 2010 10:39pm Sep 16, 2010 10:39pm
Quoting juzgood1978
On my chart the 3rd tap did not actually tap, still ok to enter?
so meaning we need not go by hard and fast rule to see a tap?
Our charts appear to be very different. Yes, wait for a third tap to enter. I sometimes wait longer than that to observe price action.
  • #1,199
  • Sep 16, 2010 10:47pm Sep 16, 2010 10:47pm
yes waiting for short trade.. am i ok with this as i understand daily is uptrend still
Quoting lawgirl21
Are you waiting for a short trade? I'm not understanding that chart.
  • #1,200
  • Sep 16, 2010 10:54pm Sep 16, 2010 10:54pm
gosh.... broker time difference make so much difference...
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