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Price is everything

  • #14,181
  • Apr 1, 2011 2:04am Apr 1, 2011 2:04am
Quoting Trotty
EU wach area, does this look right to you guys?

Reasons - Previous resistance/consolidation area and rapid break.
Watching this on eu.
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  • #14,182
  • Apr 1, 2011 2:08am Apr 1, 2011 2:08am
Cable for breakfast.
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Hello.
  • #14,183
  • Apr 1, 2011 2:08am Apr 1, 2011 2:08am
Thanks fellas, big help that.
  • #14,184
  • Apr 1, 2011 2:18am Apr 1, 2011 2:18am
testing area of yesterday's pullback hi and 50% of yesterday's fall now...a previous 1hr swing lo/hi zone. Nice 5min bullish thrust b/o of previous hi.

G/L
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ex member
  • #14,185
  • Apr 1, 2011 2:19am Apr 1, 2011 2:19am
GJ

PA watch for a possible sell.

Sorry for too many lines on chart.

PS: sold 134.36.
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  • #14,186
  • Apr 1, 2011 3:03am Apr 1, 2011 3:03am
G/L with the trade, you are right on a descending trend line on the daily there I guess..weekly candle although not closed looking bullish at the moment..I'm wondering isf there is nmore supply at the area highlighted ? I guess as long as you have your stop above it it's a good place for it ?

G/L again

Quoting honeybhi
GJ

PA watch for a possible sell.

Sorry for too many lines on chart.

PS: sold 134.36.
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ex member
  • #14,187
  • Apr 1, 2011 3:09am Apr 1, 2011 3:09am
Cable again.
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Hello.
  • #14,188
  • Apr 1, 2011 3:11am Apr 1, 2011 3:11am
One more tiny effort here. Good setup indeed.

Quoting bbmac
G/L with the trade, you are right on a descending trend line on the daily there I guess..weekly candle although not closed looking bullish at the moment..I'm wondering isf there is nmore supply at the area highlighted ? I guess as long as you have your stop above it it's a good place for it ?

G/L again
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Hello.
  • #14,189
  • Apr 1, 2011 3:19am Apr 1, 2011 3:19am
Quoting emene
Cable again.
Same trade...Got in via the 3min hidden divergence based repeating set-up (into the 15min [+] uptrend after the pullback)...also there as potential confluence at the pullback lo was 38.2% of the current daily lo-hi and 76.4% of the last 15min swing up.

G/L
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ex member
  • #14,190
  • Apr 1, 2011 3:21am Apr 1, 2011 3:21am
Uk data due at 0828/0830 gmt..a few minutes away..PMI manuf

G/L
ex member
  • #14,191
  • Apr 1, 2011 3:22am Apr 1, 2011 3:22am
Quoting bbmac
G/L with the trade, you are right on a descending trend line on the daily there I guess..weekly candle although not closed looking bullish at the moment..I'm wondering isf there is nmore supply at the area highlighted ? I guess as long as you have your stop above it it's a good place for it ?

G/L again

Though it looks overbought on daily and below ,this can go wild on NFP.

Weekly is looking dangerous.Break 135.50 area it could easily fly to 137 and 145.Weekly 55 testing now.

Since this is a counter trade ,i'm not giving it much room.
Placed my stops at 134.86.

But if supply hits at the area u mentioned or from here,it could be a nice 400-500 ride down.

Good luck mate and green pips to you.

Nice to see you posting here.
  • #14,192
  • Apr 1, 2011 3:32am Apr 1, 2011 3:32am
Good one guys.You people gave me more confidence on my gj trade.

Closed for +30 pips.

Hit and run.( NFP day ).

There is nothing we can't read .
  • #14,193
  • Apr 1, 2011 3:35am Apr 1, 2011 3:35am
Lol well done...big reaction to below forecast uk Pmi manuf data on £ crosses.

G/L

Quoting honeybhi
Good one guys.You people gave me more confidence on my gj trade.

Closed for +30 pips.

Hit and run.( NFP day ).

There is nothing we can't read .
ex member
  • #14,194
  • Apr 1, 2011 3:37am Apr 1, 2011 3:37am
So how bearish is this reaction now ?

approaching previous support here

G/L
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ex member
  • #14,195
  • Apr 1, 2011 3:45am Apr 1, 2011 3:45am
Quoting bbmac
So how bearish is this reaction now ?

approaching previous support here

G/L
This could well retrace up with stops below pink area.
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  • #14,196
  • Apr 1, 2011 3:51am Apr 1, 2011 3:51am
Quoting honeybhi
This could well retrace up with stops below pink area.

Had same idea there and 1min led the way with a regular bullish divergence based repeating set-up for me....just booked profit only +7.1 pips from it as want to break here now and come back 30mins before U.s NFP release.

G/L
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ex member
  • #14,197
  • Apr 1, 2011 4:01am Apr 1, 2011 4:01am
Quoting redsword11
Attachment



market prepares - triangles

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daily view - typical situation pre NFP
  • #14,198
  • Apr 1, 2011 4:05am Apr 1, 2011 4:05am
EJDAILY, PA to the left looks a bit leftfield
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  • #14,199
  • Apr 1, 2011 4:14am Apr 1, 2011 4:14am
This is my marked area on EU from earlier but the confluence of these two moving averages and price action/volume on M1 gave me the entry.

I am keeping 1/3 of the position on (Oanda account) but taking early profits today as NFP day.

The marked area gave me added reassurance that it was worth a try here and the stop could be placed just below where I would be interested in entering. Working nicely so far is this

NB - stopped out on the final third of this now but overall a decent scalp.
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  • #14,200
  • Apr 1, 2011 4:38am Apr 1, 2011 4:38am
Quoting honeybhi
This could well retrace up with stops below pink area.

Am from india chennai ..would like to speak with you ..can i have ur messenger id ?
Trading is all about probability, low risk/high reward ,buy low/sell high
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