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Triple taps

  • #521
  • Oct 7, 2010 6:26am Oct 7, 2010 6:26am
e/ch - that's how I see it.

1/ top of big diamond
2/ top of small diamond
3/ break down somewhere around this point (and news)
Let's see if it plays out.
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  • #522
  • Oct 7, 2010 6:45am Oct 7, 2010 6:45am
E/CHF

Here's what I said before bed.....

I'm only thinking of a drop to the 1.3335 to 1.3360 area for my trade. 30-60 pips. Could be a lot more . I wouldn't bet that much. I'll try for a small chunk and be happy.
--------

Here's where it dropped.

1.33566



P.S. Actually I had a mis-type. Said 1.3435 to 1.3460......that was typed wrong. Couldn't drop and go to 1.34
  • #523
  • Oct 7, 2010 6:48am Oct 7, 2010 6:48am
Quoting cugir321
E/CHF

Here's what I said before bed.....

I'm only thinking of a drop to the 1.3335 to 1.3360 area for my trade. 30-60 pips. Could be a lot more . I wouldn't bet that much. I'll try for a small chunk and be happy.
--------

Here's where it dropped.

1.33566



P.S. Actually I had a mis-type. Said 1.3435 to 1.3460......that was typed wrong.
Missed the trade. I was focusing on the GBPUSD trade. got 20pips out from it
  • #524
  • Oct 7, 2010 6:52am Oct 7, 2010 6:52am
good for you!

Quoting JGforex7780
Missed the trade. I was focusing on the GBPUSD trade. got 20pips out from it
  • #525
  • Oct 7, 2010 6:55am Oct 7, 2010 6:55am
what time frame is that? Thanks!


Quoting tpr
e/ch - that's how I see it.

1/ top of big diamond
2/ top of small diamond
3/ break down somewhere around this point (and news)
Let's see if it plays out.
  • #526
  • Oct 7, 2010 6:57am Oct 7, 2010 6:57am
Live dangerously!!!

Advertise!!!!

Quoting forex3e
hi again..
counter trend EU 4 taps.. current high also at mid term fan projection 1.3994 let's see how price react towards this level.. (+/-)
i am thinking if euro continue to push higher it may bring along e/cad pair.. and to think of $/cad.. well its on 3rd tap 1.0065..
previous link to $/cad chart is here..
http://www.forexfactory.com/showpost...75&postcount=3


take care and good luck..
i will be back if i see something


(p.s. the one thing i don't do is to advertise my position.. hope you understand )
  • #527
  • Oct 7, 2010 7:01am Oct 7, 2010 7:01am
Quoting cugir321
what time frame is that? Thanks!
H1
  • #528
  • Oct 7, 2010 7:40am Oct 7, 2010 7:40am
Quoting tpr
e/ch - that's how I see it.

1/ top of big diamond
2/ top of small diamond
3/ break down somewhere around this point (and news)
Let's see if it plays out.
Setup failed.
  • #529
  • Oct 7, 2010 8:55am Oct 7, 2010 8:55am
let's see if UJ can hold the 3rd tap.. current low 82.12
  • #530
  • Oct 7, 2010 9:01am Oct 7, 2010 9:01am
But the retrace didnt'!!! Think retrace when there's a failure!!!

Identify it with taps and life is good!!! Takes a lower time frame and practice. It's one of the few times I'll double up on units and go for a short burst. Practice it on a demo for a while. Go for break even or a slight profit. It neutral's your losses.

E/CHF was good to me!!! Last night and today. I'm 38 pips up with two trade's.

Quoting tpr
Setup failed.
  • #531
  • Oct 7, 2010 6:18pm Oct 7, 2010 6:18pm
Still watching E/CHF....it's dancing around main down trendline.

The over all trend is a long term down. Let's see if it stays below the main trend line.
  • #532
  • Oct 7, 2010 7:08pm Oct 7, 2010 7:08pm
USD/CHF looks interesting....tapped top trend line... also the TDI on the 4hr chart is high and could drop sharply. The best kind to cross the red line.
  • #533
  • Edited 11:53am Oct 8, 2010 9:22am | Edited 11:53am
u/chf 3rd tap was a success..
.
edit add $/cad.. plenty of 3 taps .. have fun and gn
.
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  • #534
  • Oct 8, 2010 1:21pm Oct 8, 2010 1:21pm
Thanks for u/cad.....will look at it.
Quoting forex3e
u/chf 3rd tap was a success..
.
Edit add $/cad.. Plenty of 3 taps .. Have fun and gn
.
  • #535
  • Oct 8, 2010 1:59pm Oct 8, 2010 1:59pm
BE CAREFUL WITH u/CAD

IT LOOKS LIKE IT CAN FALL A BIT MORE ON THE 4HR CHART.
  • #536
  • Oct 8, 2010 9:28pm Oct 8, 2010 9:28pm
Thanks cugir321..
have a nice weekend
.
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  • #537
  • Oct 9, 2010 10:45am Oct 9, 2010 10:45am
I think I'd rather go short off a top trendline on U/Jpy. Your taps are showing bottom up...I've have been known to go bottom up!!!

Short until the price breaks the main top trendline. Across those pretty peaks.

Actually the main bottom trendline does look like those yellow circled arrows. Of a possible down channel.

Quoting forex3e
Thanks cugir321..
have a nice weekend
.
  • #538
  • Oct 9, 2010 11:48am Oct 9, 2010 11:48am
Just went through the monthly's....my guess is the dollar and euro are coming up on a possible change. Look at the E/U monthly chart. The euro has been rising for a while. It's coming up on the monthly main trend line in the next two weeks to a month. If it bounces down then the euro may drop for a while.

If it doesn't bounce and goes through the line then the dollar could be taking it's last breath. Buy beans and rice? Isn't it interesting how the farm commodities are starting to pop!!! Think the illuminists's now something we little ones don't?

This is where I think Jim Rodgers is a genius. He's been saying buy gold and hard food commodities for a while. The awakening may be here Highlander! I'll be listening to see what Jim Rodgers has to say in the next few weeks. Listen for....I'm getting out of the Euro...If you hear it...FLEE!!!!! He's connected to the manipulators in some way. (or has inside info).... I'll be fleeing the dollar also!!!

I laugh when I hear the professionals say gold is finished. Gold may be retracing for a small breath...finished! Right!!!! lol! We are not fools!!

Here's the kicker....both E and U could drop at the same time. Does the E/U chart explode and disappear off my broker's site if that happens?
  • #539
  • Oct 9, 2010 12:30pm Oct 9, 2010 12:30pm
Here's a very interesting chart. Any comments are welcome. It's the daily chart with tine frame trend lines added

E/CHF
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  • #540
  • Oct 9, 2010 12:39pm Oct 9, 2010 12:39pm
Quoting cugir321
Just went through the monthly's....my guess is the dollar and euro are coming up on a possible change. Look at the E/U monthly chart. The euro has been rising for a while. It's coming up on the monthly main trend line in the next two weeks to a month. If it bounces down then the euro may drop for a while.
The trend slows down now and we're due to some retracement, I'd say it will come closer to EOY when it hits ~1.44-45 of that trendline.
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