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Triple taps

  • #321
  • Sep 27, 2010 8:26am Sep 27, 2010 8:26am
I have to tell you....I read all kinds of stuff. Hear all kinds of things. Three taps and the correct position of the indicators is usually the truth in the end. Those indicators don't lie. They tell you when it's over bought or over sold.

Sometimes they max for a long time....that is the most difficult trade. I think that's where the three taps come in to play....they tell you what the indicators don't.....the run is over.

Quoting JGforex7780
I went in long also at 158.61. It seems to be having resistance. Not sure why.
  • #322
  • Sep 27, 2010 8:28am Sep 27, 2010 8:28am
that's great!!! now lets get over 65 and really bop.
Quoting lawgirl21
I went long in three trades on GU last night. TP of 22, 24. and 26. Woke up to +72 pips.
  • #323
  • Sep 27, 2010 8:37am Sep 27, 2010 8:37am
Quoting lawgirl21
I went long in three trades on GU last night. TP of 22, 24. and 26. Woke up to +72 pips.
was it scaling up and spreading risk method? i.e. the way I trade....keep adding to your winning positions.
  • #324
  • Sep 27, 2010 8:52am Sep 27, 2010 8:52am
Quoting vijidas
was it scaling up and spreading risk method? i.e. the way I trade....keep adding to your winning positions.

No, it was on an EA that I use and have made alot of money on (but had two big losses also). It trades only on GU on H1 chart and only looks for trades between 4:00p.m. and 5:00pm PST. It's the EA I asked a few days ago if anyone was interested in.
  • #325
  • Sep 27, 2010 8:56am Sep 27, 2010 8:56am
Hope you didn't stay in lawgirl!

This is where the rubber hits the road on G/U....it just made a third tap on a bottom trendline....break it and I'm gone!!! The long term indicators are saying down....
  • #326
  • Sep 27, 2010 9:03am Sep 27, 2010 9:03am
Quoting cugir321
Hope you didn't stay in lawgirl!

This is where the rubber hits the road on G/U....it just made a third tap on a bottom trendline....break it and I'm gone!!! The long term indicators are saying down....

No, I'm not in anything except that UJ trade, which is doing nothing, but getting ready to do something big.
  • #327
  • Sep 27, 2010 9:06am Sep 27, 2010 9:06am
Quoting cugir321
I have to tell you....I read all kinds of stuff. Hear all kinds of things. Three taps and the correct position of the indicators is usually the truth in the end. Those indicators don't lie. They tell you when it's over bought or over sold.

Sometimes they max for a long time....that is the most difficult trade. I think that's where the three taps come in to play....they tell you what the indicators don't.....the run is over.

gu rest day ..sellers at 1.5850 when i woke up traded it down to 1,5800 , bought 1.5806 , target 1.5840 ...

range day .... maybe distribution maybe juts sideways till next news day ( tomorrow)

days range pretty narrow so far today
Blogging daily now at www.volume.zone
  • #328
  • Sep 27, 2010 9:16am Sep 27, 2010 9:16am
Quoting JGforex7780
I went in long also at 158.61. It seems to be having resistance. Not sure why.
Well I got stopped out. Got to have more patience in setting up trades.
  • #329
  • Sep 27, 2010 9:17am Sep 27, 2010 9:17am
It would have been nice if you'd told us this yesterday.

If it breaks this bottom line malcolmb you've lost your hero status.

Quoting malcolmb14
gu rest day ..sellers at 1.5850 when i woke up traded it down to 1,5800 , bought 1.5806 , target 1.5840 ...

range day .... maybe distribution maybe juts sideways till next news day ( tomorrow)

days range pretty narrow so far today
  • #330
  • Sep 27, 2010 9:21am Sep 27, 2010 9:21am
Actually you did fine....If I were to do it again I would have waited for the break of 65....it's a big number...a natural fib...

You could have pushed it a little for your sl....to the triple tap line. I'm still in....I'm not planning on spending the money anytime soon.
Quoting JGforex7780
Well I got stopped out. Got to have more patience in setting up trades.
  • #331
  • Sep 27, 2010 9:25am Sep 27, 2010 9:25am
Quoting cugir321
It would have been nice if you'd told us this yesterday.

If it breaks this bottom line malcolmb you've lost your hero status.
damn do i have to give my cape back

form a vsa persepctive there were buyers 1,5800 on futures ( I trade fx futures). now we seem to be having a low volume down bar .. called test BUT if 1,5800 breaks then we can expect to see 1.5780

My stop on my long is 15 pip , so even if I lose I have still made 35 pip for day and in this sideways market , in less than 2 hrs
Blogging daily now at www.volume.zone
  • #332
  • Sep 27, 2010 9:45am Sep 27, 2010 9:45am
I doubled my trade a little above the bottom line so I need 1.5845 to make a couple pips.

35 pips? That's it? for two hours work?

Quoting malcolmb14
damn do i have to give my cape back

form a vsa persepctive there were buyers 1,5800 on futures ( I trade fx futures). now we seem to be having a low volume down bar .. called test BUT if 1,5800 breaks then we can expect to see 1.5780

My stop on my long is 15 pip , so even if I lose I have still made 35 pip for day and in this sideways market , in less than 2 hrs
  • #333
  • Sep 27, 2010 9:51am Sep 27, 2010 9:51am
Quoting cugir321
I doubled my trade a little above the bottom line so I need 1.5845 to make a couple pips.

35 pips? That's it? for two hours work?
nope just closed long

45 down , 30 up

75 pip for the day started 6:15 am now 8am....

In addition es long off 1140 for 3 point ...

so all in all a great morning for a monday. Now i have the rest of the week to give all my profits back lol

both gu trades covered in my vsa thread

Watch for uj in asia. Very low volume day and forming a rounded bottom on 60 min for last 20 hrs. I traded it 3 times last week , 150 pip , 75 pip and -30 pip , so think i will just focus on gu and eu this week. i typically trade only one pair at once , today was focused on gu but eu was pretty nice also , trading in channel 1.3500 to 1.3450
Blogging daily now at www.volume.zone
  • #334
  • Sep 27, 2010 10:04am Sep 27, 2010 10:04am
90% we see uj move up to 85 off this bottom , based on triple touch support 84,20 on 60

Quoting malcolmb14
nope just closed long

45 down , 30 up

75 pip for the day started 6:15 am now 8am....

In addition es long off 1140 for 3 point ...

so all in all a great morning for a monday. Now i have the rest of the week to give all my profits back lol

both gu trades covered in my vsa thread

Watch for uj in asia. Very low volume day and forming a rounded bottom on 60 min for last 20 hrs. I traded it 3 times last week , 150 pip , 75 pip and -30 pip , so think i will just focus on gu and eu this week. i typically trade only one pair at once , today was...
Blogging daily now at www.volume.zone
  • #335
  • Sep 27, 2010 10:20am Sep 27, 2010 10:20am
Quoting malcolmb14
90% we see uj move up to 85 off this bottom , based on triple touch support 84,20 on 60
90% what?
  • #336
  • Sep 27, 2010 11:03am Sep 27, 2010 11:03am
Just had a pending long trade trigger.
Attached Image (click to enlarge)
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  • #337
  • Sep 27, 2010 11:37am Sep 27, 2010 11:37am
Quoting lawgirl21
Just had a pending long trade trigger.
at top of day ? Not 5800 ?

You should be ok as target for week is 5990
Blogging daily now at www.volume.zone
  • #338
  • Edited 12:27pm Sep 27, 2010 11:53am | Edited 12:27pm
+39 pips on my G/U fiasco!!! Can you see my smiling white teeth! I'm out of it! I pushed it on the rebound.

JGforex - before you flee a trade....next time, draw a few lines as the price is falling and try to spot the next triple tap. G/U got a good one. Remember we're all about the tap. Not tapping out! If you can spot a good triple tap then you have a real good shot at pushing the envelope. Double your units and ride it back up...go for at least a break even....if it looks good bank a few. When it's break even close them both if you're not comfortable. There's always another trade. Don't do it until you have a firm grip on the tap and you're getting a very good win ration. Even if you didn't double up you would have got your money back if you looked for the bottom triple tap and pushed your sl down a little. You just hit your stop loss by like 5 pips before it reversed. You're trade wasn't a standard triple tap.
The bottom trend line +8 or so would have been better for a SL.

Malcomlb.....behave yourself. There's damsel's in distress to save.
  • #339
  • Edited 12:23pm Sep 27, 2010 12:11pm | Edited 12:23pm
65 is the magic G/U number....I'll jump back on the rack at 69...i love pain!
  • #340
  • Sep 27, 2010 12:40pm Sep 27, 2010 12:40pm
Malc,

Are you willing to risk your super hero status on this call? The world is watching!

Quoting malcolmb14
90% we see uj move up to 85 off this bottom , based on triple touch support 84,20 on 60
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