DislikedI'm not sure how successful this trade will be but even if it is going to go higher, I think it should pullback 80 pips first. What we need to see is a down day today and an open on Monday under the weekly pivot point and November pivot point.Ignored
Nearly Naked (Simple Trades)
- #9,182
- Oct 28, 2010 7:05pm Oct 28, 2010 7:05pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
One of my monitors just busted!!!!!!!!!!!!!!!!!!!!!!!!
!@#!@$%$#%@%$^$?%^^^^^^^^#$@$$
Here's my M30 U/CHF chart. Maybe it will help you out a bit.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,184
- Oct 28, 2010 9:24pm Oct 28, 2010 9:24pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,187
- Edited 2:49am Oct 29, 2010 1:25am | Edited 2:49am
Short on NZD - Nice opportunity for a swing down. Turner! I believe this an area you are interested at. 
Not confident if it will test the lower support, but not a bad set up for a a few green pips?
Not confident if it will test the lower support, but not a bad set up for a a few green pips?
May the pip flow with you
- #9,188
- Edited 5:10am Oct 29, 2010 4:58am | Edited 5:10am
Short on NZD - Nice opportunity for a swing down. Turner! I believe this an area you are interested at.
Not confident if it will test the lower support, but not a bad set up for a a few green pips?
I am a bit unsure about the Kiwi at the moment. Wonder how it holds up vs. the dollar today while almost every others decline...
7560 as resistance did hold pretty well once again.
But what makes me cautious is the broken UTL of that down-move..
Both lines I draw there seem to be broken to the upside and retested already.
Now ranging just above them.
Anyway a short from here with a tighter stop just above that .7560 range top could be an opportunity. (concerning RRR)
But not for me..as I am not at my home-computer now.
Are you in the trade already?
I'd recommend you watch PA at those trendlines if it turns south now.
Good luck to you!
"Blue Horseshoe loves Anacott Steel!"
- #9,189
- Oct 29, 2010 8:30am Oct 29, 2010 8:30am
Are you in the trade already?
I'd recommend you watch PA at those trendlines if it turns south now.
Good luck to you!
That was a spike up there now.
Now I know why I was cautious to go for a short earlier :o
If you were in the trade I hope you had a SL in place or adjusted your position size if going with a wider stop.
I just went for a lil short from 7630, trying to collect some pips from at least the retrace that I am expecting now. Back to those broken TL I mentioned before would be nice. But won't happen today I think.
Think I will save at BE as soon as possible. On "Freaky Friday" you never know.
So lets see
"Blue Horseshoe loves Anacott Steel!"
- #9,190
- Oct 29, 2010 10:13am Oct 29, 2010 10:13am
I just went for a lil short from 7630, trying to collect some pips from at least the retrace that I am expecting now. Back to those broken TL I mentioned before would be nice. But won't happen today I think.
Think I will save at BE as soon as possible. On "Freaky Friday" you never know.
So lets see
Tempted to try it again but that Kiwi seems on fire today
"Blue Horseshoe loves Anacott Steel!"
Hi Flow,
That was a spike up there now.
Now I know why I was cautious to go for a short earlier :o
If you were in the trade I hope you had a SL in place or adjusted your position size if going with a wider stop.
I just went for a lil short from 7630, trying to collect some pips from at least the retrace that I am expecting now. Back to those broken TL I mentioned before would be nice. But won't happen today I think.
Think I will save at BE as soon as possible. On "Freaky Friday" you never know.
So lets see
Closed NZD with 17+ so no complains after all that had happen.
Overall was a humble green day. Hope you manage to get some.
May the pip flow with you
Here is what I'm seeing. First target 1.3735 and see how it goes from there.
Amy will ride this with you. I wanna try out a "position trade".
Only manage to short at 1.3928.
My view EU 4HR AB=CD Potential play out.
AB=CD not working out - potential bearish bat if it breaks 3950
May the pip flow with you
- #9,196
- Oct 29, 2010 4:42pm Oct 29, 2010 4:42pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,197
- Oct 29, 2010 5:03pm Oct 29, 2010 5:03pm
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #9,198
- Oct 29, 2010 5:09pm Oct 29, 2010 5:09pm
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
Stopped out on tight SL
AB=CD not working out - potential bearish bat if it breaks 3950
I love harmonics but they fail just like anything else, so there's not much incentive to trade them when they're incomplete, because that just increases the odds of failure.
Honestly, the ones I trade I like to be very "well-defined", and symmetrical, and I also like to plot fibs independent of my indicator to see if they meet my specs.
In the above example, you will first find a bat as price retraces, if that fails, you will find a gartley, and if that fails a butterfly, and then lastly, a crab, so these patterns give you four (five if you include the AB=CD) opportunities to lose money trading very high prob patterns.
Not trying to tell you how to trade, just sharing my experience.
So be picky
.
- #9,199
- Oct 29, 2010 5:34pm Oct 29, 2010 5:34pm
Hi guys,
I closed half of the EUR/GBP trade at +206,
Now I'm targetting 0.8200,
Peace.
So did I today. 220 on the first half. Took us a week to find the way down there but nevermind. green pips are green pips
Might retrace a bit from the current levels so maybe there is a chance to re-enter next week. We will see.
"Blue Horseshoe loves Anacott Steel!"
- #9,200
- Oct 29, 2010 5:51pm Oct 29, 2010 5:51pm
For some blessed reason, I found the strength to close all my positions before heading off to work. Thinking its the end of the month, I'd better close my books to stay green.
Closed NZD with 17+ so no complains after all that had happen.
Overall was a humble green day. Hope you manage to get some.
I also had a short EU from last night @ 1.3930. First half cashed in earlier today for 110. Rest BE now.
It is a real rollercoaster-ride these days. Especially EU. Those last 3 weekly candles look like "undecided".. Some nice break-out ahead maybe. With some news-releases next week we might finally see some direction again.
Looking back to Feb. this year, we had almost the same 3 weeklys...to take a lil rest in the downtrend before turning south again. Maybe the same thing now on the way up?
Could be interesting...
Have a nice weekend... See you all next week!
"Blue Horseshoe loves Anacott Steel!"