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  • #420,321
  • Apr 12, 2011 7:38am Apr 12, 2011 7:38am
Quoting igmak
Here is bull flag on EU. Short term target at 1.45
TP reached with 180 pip profit.
Do not follow my trades. Trade what you see on your own charts.
  • #420,322
  • Apr 12, 2011 7:38am Apr 12, 2011 7:38am
I was quite doubtful about entering long according to my strategy at 4464...
...but in the end I figured out why its "her" and end up with successful trade and +30 pips
  • #420,323
  • Apr 12, 2011 7:40am Apr 12, 2011 7:40am
Quoting Sutts
Nope, all happened too quick for me - I haven't been taking breaks - always wait for a close above and pull back to my level. Maybe I should start taking straight breaks when the correlations back it up.

Research trend breakout vs counters and see how a momentum bar plays out. This was a pure correlated setup and needed no thinking whatsoever. 64-95 been in the card all morning, it was just delayed by a few hours due to equities and comms topping out, the break of Gold gave it the impetus needed to fullfill its pattern with a nice touch of 98 on the overshoot. That's why correlated markets to judge the risk are so worthwhile to keep an eye on at all times. Was I planning on this happening? No, not after the top in comms, was I going to ignore it when it did happen, of course not. Is there room for more, you bet your @Rse, no shorts yet.
  • #420,324
  • Apr 12, 2011 7:42am Apr 12, 2011 7:42am
4490 @ sell
  • #420,325
  • Apr 12, 2011 7:44am Apr 12, 2011 7:44am
Quoting Julexo
4490 @ sell

Way too early
  • #420,326
  • Apr 12, 2011 7:45am Apr 12, 2011 7:45am
Quoting cloggie
Way too early
pending
  • #420,327
  • Apr 12, 2011 7:46am Apr 12, 2011 7:46am
Quoting Julexo
4490 @ sell
I wouldn't do it. it may reach 1.47 first.
Do not follow my trades. Trade what you see on your own charts.
  • #420,328
  • Apr 12, 2011 7:47am Apr 12, 2011 7:47am
Quoting Julexo
pending

Pending? You are 25 pips in the hole.

Eyes on 4525
  • #420,329
  • Apr 12, 2011 7:48am Apr 12, 2011 7:48am
Quoting cloggie
Research trend breakout vs counters and see how a momentum bar plays out. This was a pure correlated setup and needed no thinking whatsoever. 64-95 been in the card all morning, it was just delayed by a few hours due to equities and comms topping out, the break of Gold gave it the impetus needed to fullfill its pattern with a nice touch of 98 on the overshoot. That's why correlated markets to judge the risk are so worthwhile to keep an eye on at all times. Was I planning on this happening? No, not after the top in comms, was I going to ignore it...

Cheers Cloggie, I can see the benefit of correlation for sure. Gotta act fast though.
  • #420,330
  • Apr 12, 2011 7:50am Apr 12, 2011 7:50am
Quoting cloggie
Pending? You are 25 pips in the hole.

Eyes on 4525
I'm still on pending Im not on trade still waiting
  • #420,331
  • Apr 12, 2011 7:50am Apr 12, 2011 7:50am
1.4555 target. watch it.
  • #420,332
  • Apr 12, 2011 7:51am Apr 12, 2011 7:51am
Quoting Sutts
Cheers Cloggie, I can see the benefit of correlation for sure. Gotta act fast though.

Currencies don't operate in a vacuum, always judge the flow of money by judging the risk. Figuring out the appetite for risk is always my first priority, then figuring out how it effects the flow of each half of a pair is the next thing, then looking for tech triggers and targets will complete the techie picture, then you got to act on it without questioning it.
  • #420,333
  • Apr 12, 2011 7:51am Apr 12, 2011 7:51am
Quoting cloggie
Pending? You are 25 pips in the hole.

Eyes on 4525
Yeah I ma get another BE short again. mine @ 78 was taken out @ 78
  • #420,334
  • Apr 12, 2011 7:53am Apr 12, 2011 7:53am
Quoting Larseg
I have seen this formation before. Didnt like it then and I dont like it now.
  • #420,335
  • Apr 12, 2011 7:53am Apr 12, 2011 7:53am
4512.1 was a st one. it fell between the others.
those who can, do. those who cant, talk about those who can
  • #420,336
  • Apr 12, 2011 7:53am Apr 12, 2011 7:53am
We are still in channel we reach strong resistance
  • #420,337
  • Apr 12, 2011 7:54am Apr 12, 2011 7:54am
hit target although my expansion 100% for (e) of wave 3 was 1.4517 and i got high 1.4516. I guess good enough.


SHORTING THIS HEAVY!!!!.
  • #420,338
  • Apr 12, 2011 7:54am Apr 12, 2011 7:54am
Quoting billymoney
Yeah I ma get another BE short again. mine @ 78 was taken out @ 78

EU has moved 120 pips on average each day this year, why don't you start looking for opportunities to fullfill that range first before you start looking for profit taking levels as that is what countertrades are. Why would NY not want a fill of the range before they start taking profits, why would London not take it as far as they could before they start taking money of the table, just think about this and then think about why you would short a pair when it has not fullfilled its range and when NY is only just coming to the table. Couple that with looking at the risk appetite and you can clearly see that your reasons to short are a bit misplaced.

Taking a countertrend trade intraday means you are judging that some traders are taking profits of the table, why don't you let that play out as you have no clue how much money they are taking out, judge to see if the bears join the party for a top to form, if they don't, then just see it as another opportunity to get in at a better price to join the herd.
  • #420,339
  • Apr 12, 2011 7:58am Apr 12, 2011 7:58am
Quoting cloggie
EU has moved 120 pips on average each day this year, why don't you start looking for opportunities to fullfill that range first before you start looking for profit taking levels as that is what countertrades are. Why would NY not want a fill of the range before they start taking profits, why would London not take it as far as they could before they start taking money of the table, just think about this and then think about why you would short a pair when it has not fullfilled its range and when NY is only just coming to the table. Couple that with...
. Pay attention 4611
  • #420,340
  • Apr 12, 2011 7:58am Apr 12, 2011 7:58am
Quoting cloggie
Pending? You are 25 pips in the hole.

Eyes on 4525
DM6 < 3

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