g20 meeting taking place now, might be a shaky euro
Work smart not hard
- #13,142
- Feb 18, 2011 1:17am Feb 18, 2011 1:17am
been twiddling by buy limit order..
3570, 3565 or 3560??
checked out Dr.G's levels and finally
decided to place 2 at 3565 and 2 at 3560.. all good...
now to wait for the setups..
waiting for currently M15 red candle to develop no supply.. maybe it'll move down to my levels ( minishakeout)
and rocket up from here..
UK data in 12 mins.. might affect GBP pairs too..
3570, 3565 or 3560??
checked out Dr.G's levels and finally
decided to place 2 at 3565 and 2 at 3560.. all good...
now to wait for the setups..
waiting for currently M15 red candle to develop no supply.. maybe it'll move down to my levels ( minishakeout)
and rocket up from here..
UK data in 12 mins.. might affect GBP pairs too..
- #13,143
- Feb 18, 2011 1:18am Feb 18, 2011 1:18am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
O you alwayes have some info to ruin good trade!
- #13,145
- Feb 18, 2011 1:20am Feb 18, 2011 1:20am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
trading with a 100 pip stop or waiting for the eur/us overlap in 3,5 hrs.
Thanks Dr.G
Completle forgot about it..
What would be your action now?
Just watching?
- #13,146
- Feb 18, 2011 1:23am Feb 18, 2011 1:23am
Thanks Dr.G
Completle forgot about it..
What would be your action now?
Just watching?
Also if you take a long here you will ave to place your stop under 1.3550.
So I would rather wait till it gets to 3550. and we see some kind of "Intelish" setup
- #13,148
- Feb 18, 2011 1:23am Feb 18, 2011 1:23am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
you might have noticed my belowed 20sma on the above picture, which aligns with the channel tl
Nicely done...
But be careful with them Moving Averages...This is Specifically a VSA thread...
Don't worry, it will be our little secret.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Well no place in this market to take a short, not with 1.3550 so close.
Also if you take a long here you will ave to place your stop under 1.3550.
So I would rather wait till it gets to 3550. and we see some kind of "Intelish" setup
We are still in long bias
Ok Pete
Work smart not hard
- #13,150
- Feb 18, 2011 1:29am Feb 18, 2011 1:29am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #13,151
- Feb 18, 2011 1:32am Feb 18, 2011 1:32am
Dr.G, judging by the closeness of the legs i think the guy has already fallen into the trap
- #13,153
- Feb 18, 2011 1:42am Feb 18, 2011 1:42am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
good observative skills, helpful in trading
Dr.G, judging by the closeness of the legs i think the guy has already fallen into the trap
- #13,157
- Feb 18, 2011 1:53am Feb 18, 2011 1:53am
Guys
This is how i do this
That there are no news as Dr.G point to me i would switch to smaller time frame mark that Ultra Wide,Ultra High volume bar on 5 min to give me more precisee entry after i would watch for an test or no supply bar on that line (green on the chart) price 1.3580 in this case
))
- #13,160
- Feb 18, 2011 2:07am Feb 18, 2011 2:07am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
i do not think there will be a true directional move until ben shalom bernanke has finished telling lies in 3 hours. nothing special to see london drop eur.
this is my current read of the chart. wyckoff wise we are currently sitting at the lps area, which offers the best entries with best outcome.
if i am wrong with my reading, don't blame vsa
http://img341.imageshack.us/img341/7...0218105806.png
this is my current read of the chart. wyckoff wise we are currently sitting at the lps area, which offers the best entries with best outcome.
if i am wrong with my reading, don't blame vsa
http://img341.imageshack.us/img341/7...0218105806.png