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Triple taps

  • #401
  • Sep 27, 2010 9:17pm Sep 27, 2010 9:17pm
I'm done with G/U today....never saw such a squirrely pair!!

Got out "even" on the last trade. I can't predict it tonight.

I feel happy to have ended the day up. It felt like work!
  • #402
  • Sep 27, 2010 10:12pm Sep 27, 2010 10:12pm
Quoting cugir321
I'm done with G/U today....never saw such a squirrely pair!!

Got out "even" on the last trade. I can't predict it tonight.

I feel happy to have ended the day up. It felt like work!
lol ... this made me laugh

I hear you . I am out till US tomorrow. I have this odd feeling that that down move in gu was a shake out of weak longs. It sure got me spooked. However in Saying that I am still looking for testing of 1.5800 to 1.5780 and then long into 5990. Maybe tomorrow as US markets should be up tomorrow. (today was a low volume down day and test of 1140 on es)
Blogging daily now at www.volume.zone
  • #403
  • Sep 28, 2010 3:40am Sep 28, 2010 3:40am
hello, i got +46 on davids gy but i dont like any setups for now.
  • #404
  • Sep 28, 2010 4:55am Sep 28, 2010 4:55am
Quoting malcolmb14
lol ... this made me laugh

I hear you . I am out till US tomorrow. I have this odd feeling that that down move in gu was a shake out of weak longs. It sure got me spooked. However in Saying that I am still looking for testing of 1.5800 to 1.5780 and then long into 5990. Maybe tomorrow as US markets should be up tomorrow. (today was a low volume down day and test of 1140 on es)
work very nicely ... buy order filled 1.5790 .. holding this one thru US session into 1.5990
Blogging daily now at www.volume.zone
  • #405
  • Sep 28, 2010 6:22am Sep 28, 2010 6:22am
I agree G/U is going long....my reason is because the US economy is having a heart attack. Look at U/J. It dropped through the bottom line. Same reason.

U/J could still go up....everything (indicators) says it's maxed down on the lower TF's....not on the higher. To me that says eventually more down. Maybe a short term rise.


Quoting malcolmb14
work very nicely ... buy order filled 1.5790 .. holding this one thru US session into 1.5990
  • #406
  • Sep 28, 2010 6:31am Sep 28, 2010 6:31am
Quoting cugir321
I agree G/U is going long....my reason is because the US economy is having a heart attack. Look at U/J. It dropped through the bottom line. Same reason.

U/J could still go up....everything (indicators) says it's maxed down on the lower TF's....not on the higher. To me that says eventually more down. Maybe a short term rise.
see how US session works today. 1,5890 large supply hitting market GU.
Blogging daily now at www.volume.zone
  • #407
  • Sep 28, 2010 6:32am Sep 28, 2010 6:32am
yes...that was a good setup.

He's using more then just a triple tap....there are way too many good triple taps he's not posting. I'd like to know what else he's using.

Quoting driftwood
hello, i got +46 on davids gy but i dont like any setups for now.
  • #408
  • Sep 28, 2010 6:35am Sep 28, 2010 6:35am
I'm not yet sure it will make 1.5990 soon. There is mixed data everywhere. It should but there is a daily stoch turning over downward.


That was a nice triple tap at 1.5775


Quoting malcolmb14
work very nicely ... buy order filled 1.5790 .. holding this one thru US session into 1.5990
Attached Image (click to enlarge)
Click to Enlarge Name: gu8.gif Size: 15 KB
  • #409
  • Sep 28, 2010 6:37am Sep 28, 2010 6:37am
Quoting cugir321
I'm not yet sure it will make 1.5990 soon.


That was a nice triple tap at 1.5775

buyers on that dip in another long 20 pip stop

Attached Image (click to enlarge)
Click to Enlarge Name: chart2999.png Size: 227 KB
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  • #410
  • Sep 28, 2010 7:23am Sep 28, 2010 7:23am
could be good for 40 pip test 3500

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB
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  • #411
  • Sep 28, 2010 9:30am Sep 28, 2010 9:30am
Took this short at 1.3529 when the third tap is done. All indicators seem maxed. going for 40pips T/P.
Attached Image (click to enlarge)
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  • #412
  • Sep 28, 2010 9:35am Sep 28, 2010 9:35am
Good fortune ....don't have time to look...working.

Did take a long on G/U after the fall this morning...got 22 pips without paying much attention....don't have time to watch. 158.70 to 158.92

Wish I had more time to look over it. Today could be a good one.

Quoting JGforex7780
Took this short at 1.3529 when the third tap is done. All indicators seem maxed. going for 40pips T/P.
  • #413
  • Sep 28, 2010 9:40am Sep 28, 2010 9:40am
Quoting cugir321
Good fortune ....don't have time to look...working.

Did take a long on G/U after the fall this morning...got 22 pips without paying much attention....don't have time to watch. 158.70 to 158.92

Wish I had more time to look over it. Today could be a good one.

Well here's the chart. Mixed signals.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd280910.gif Size: 18 KB
  • #414
  • Sep 28, 2010 9:59am Sep 28, 2010 9:59am
did anybody tAKE the three tap trade in USD/DKK? H4/H1 CHART
Attached Image(s) (click to enlarge)
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  • #415
  • Sep 28, 2010 10:08am Sep 28, 2010 10:08am
Quoting .Entropy
did anybody tAKE the three tap trade in USD/DKK? H4/H1 CHART
thew what !!! i was busy with the simple 4 tap on eu , once three tap for 50 ip and then back down 4th tap for 80 pip ...

crazy market

what happened there .. well for new traders the TIPPs matured .. fed liquidity in the market buying them. This drives usd down. Happens about 6am and ends 8 am pst once in a while. Next one is this Thursday .... easy money makers

some of the trade in vsa thread got 90 pip on the gu shake out and went long before tipps auction
Blogging daily now at www.volume.zone
  • #416
  • Sep 28, 2010 10:37am Sep 28, 2010 10:37am
Quoting malcolmb14
thew what !!! i was busy with the simple 4 tap on eu , once three tap for 50 ip and then back down 4th tap for 80 pip ...

crazy market

what happened there .. well for new traders the TIPPs matured .. fed liquidity in the market buying them. This drives usd down. Happens about 6am and ends 8 am pst once in a while. Next one is this Thursday .... easy money makers

some of the trade in vsa thread got 90 pip on the gu shake out and went long before tipps auction
Do you have a chart to explain?? Getting abit technical here..
  • #417
  • Sep 28, 2010 10:42am Sep 28, 2010 10:42am
Quoting JGforex7780
Do you have a chart to explain?? Getting abit technical here..

I posted the three tap trade ... but when eu made 4th tap i was way to busy .

this explains what POMO is and when there is bond maturity in the market as there was today feds will be buying and excess liquidity will drive usd value down ie eu and gu up . The auction happens between 6am and 8am pst and if you know it is going on better to be on long side of market then selling.

http://www.benzinga.com/10/09/493229...perations-pomo

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
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  • #418
  • Sep 28, 2010 10:53am Sep 28, 2010 10:53am
Quoting malcolmb14
I posted the three tap trade ... but when eu made 4th tap i was way to busy .

this explains what POMO is and when there is bond maturity in the market as there was today feds will be buying and excess liquidity will drive usd value down ie eu and gu up . The auction happens between 6am and 8am pst and if you know it is going on better to be on long side of market then selling.

http://www.benzinga.com/10/09/493229...perations-pomo

Attachment
Ok. Now understand better. theres going to be one on 30thSep. Will note it in my diary..
  • #419
  • Sep 28, 2010 1:08pm Sep 28, 2010 1:08pm
jgFOREX

notice the triple tap after G/U dropped this morning. Same thing that happened yesterday. If you were long you could have waited for the 3rd tap (in reason) and ride it back up. Classic!!!!

Quoting JGforex7780
Ok. Now understand better. theres going to be one on 30thSep. Will note it in my diary..
  • #420
  • Sep 28, 2010 1:18pm Sep 28, 2010 1:18pm
Remember....THE LONGER TIME FRAMES MOVE VERY SLOW. They can continue up for a while....

If the lower time frames are turning...especially the one before, then you should be okay. There is a difference between 1 hr and 4 hr....3 hours

You can protect yourself a bit if you wait for reversal price action on the next lower time frame and enter on the reversal candle close or later. You will have to reduce your tp a little.

It looks like you had another tough one....20 pips over 50 sl....if you wait a little after the third tap you may do better...especially if it's going through the line.

Quoting JGforex7780
Took this short at 1.3529 when the third tap is done. All indicators seem maxed. going for 40pips T/P.
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