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  • #421,601
  • Apr 14, 2011 9:01am Apr 14, 2011 9:01am
Quoting gman29
Will put that in the toolbox for sure.

IT is coming up now at 4438. That's why I told treeguy to cover earlier as there was a clear rejection right below it. That's why I posted earlier not to short this yet, but to just trade the break of the range. WE are in decision territory and I am not going to preemt or predict the move, I just trade the ones that are confirmed and staring me in the face.

Did you cover your short Oil from yesterday earlier? I don't trade comms overnight, only during London/NY
  • #421,602
  • Apr 14, 2011 9:02am Apr 14, 2011 9:02am
Quoting cloggie
IF you are going to use an EMA, try the 267 W/C on the 5. AS to range breaks, only a momentum break is a valid signal, every other one is a fake 'n shake first.
right now we have the classic break, and then pull back to the break point... this is entry and you can enter with a super tight SL

that said, still lots of stuff overhead, 200/267 on 5m...
  • #421,603
  • Apr 14, 2011 9:04am Apr 14, 2011 9:04am
Quoting Venice
Next level on watch for me is 44430 ish.. Asian built level though, during consolidation. Let's see how she wants to play here.
Closed...
  • #421,604
  • Apr 14, 2011 9:05am Apr 14, 2011 9:05am
Quoting fldash
right now we have the classic break, and then pull back to the break point... this is entry and you can enter with a super tight SL

that said, still lots of stuff overhead, 200/267 on 5m...

You got it, fake 'n shake, let it settle and get in, you can have stops as tight as 3 pips doing that, just imagine the r:r ratios on those trades, the best fun you can have with your clothes on legally.



Wonder how our nedge boy is doing, puckering comes to mind.
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  • #421,605
  • Apr 14, 2011 9:06am Apr 14, 2011 9:06am
Quoting cloggie
You got it, fake 'n shake, let it settle and get in, you can have stops as tight as 3 pips doing that, just imagine the r:r ratios on those trades, the best fun you can have with your clothes on legally.
Wait? Clothes on? CLEARLY trading isn't for me.... LOL
  • #421,606
  • Apr 14, 2011 9:07am Apr 14, 2011 9:07am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting apt
We'll see - watch 1.4442.
Rejection of 1.4442 the 50% Fibonacci. Shorts are in play. Wide SL for spike/fake out.
  • #421,607
  • Apr 14, 2011 9:09am Apr 14, 2011 9:09am
Quoting Venice
Wait? Clothes on? CLEARLY trading isn't for me.... LOL

i dont want to know!

the thought burns
  • #421,608
  • Apr 14, 2011 9:10am Apr 14, 2011 9:10am
From my 4hr chart can still see the basis of the H+S being built. Today we formed the neckline, and are currently setting up the left shoulder. Safe risk reward trades are selling into the highs with a stop above this weeks high.
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  • #421,609
  • Apr 14, 2011 9:11am Apr 14, 2011 9:11am
Yes came out alright actually. Ya I am not a big one for that either. Every now and then I fall into some bad old habits that I had. Jumping the gun! Hahaha. I have become extremely picking about when I enter trades now and it has paid off in spades. As I am sure you know all too well, entry is so important, at least for myself. I would try and jump on the train when it was going down the track and get whipsawed. Jumping in and outta trades. Waiting for the market to come to you and not thinking that you are missing the "ride", cause there are so many different rides in this amusement park you will find one that suits your rules and that has finally happened to me over the last yr where I am consistantly making profit. It is a much better feeling and I find 100% less stressful!

Always looking to learn from people who have wayyyy more experience than I. And when you throw out tidbits my ears tend to perk up. So keep thrown! I like to learn!


Quoting cloggie
IT is coming up now at 4438. That's why I told treeguy to cover earlier as there was a clear rejection right below it. That's why I posted earlier not to short this yet, but to just trade the break of the range. WE are in decision territory and I am not going to preemt or predict the move, I just trade the ones that are confirmed and staring me in the face.

Did you cover your short Oil from yesterday earlier? I don't trade comms overnight, only during London/NY
  • #421,610
  • Apr 14, 2011 9:12am Apr 14, 2011 9:12am
Quoting fldash
oh i have it marked too, you said that a week or so ago
See how nice? Always a good intermediate level to keep an eye on. I am not a MA trader, Magix is the guy to talk to, but I do keep a few to hand in the toolbox, just for kicks really as they form part of my if-then-if intraday play.
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  • #421,611
  • Apr 14, 2011 9:12am Apr 14, 2011 9:12am
no shorts for me until after fix... they are serious about this shit... if they can run it to 1.45 they will...
  • #421,612
  • Apr 14, 2011 9:16am Apr 14, 2011 9:16am
Quoting fldash
right now we have the classic break, and then pull back to the break point... this is entry and you can enter with a super tight SL

that said, still lots of stuff overhead, 200/267 on 5m...
what does w/c stands for?
  • #421,613
  • Apr 14, 2011 9:16am Apr 14, 2011 9:16am
Quoting cloggie
See how nice? Always a good intermediate level to keep an eye on. I am not a MA trader, Magix is the guy to talk to, but I do keep a few to hand in the toolbox, just for kicks really as they form part of my if-then-if intraday play.
Wow, it touched perfectly.
What's the other red moving average you are using?
  • #421,614
  • Apr 14, 2011 9:18am Apr 14, 2011 9:18am
Quoting tonegawa
Wow, it touched perfectly.
What's the other red moving average you are using?

That's a 20. Those are the only 2 I use on the 5. I have slightly different ones on different TF's. There is no set MA that works on every TF/pair, they all need different ones and it takes a lot of research to find the ones that work. MA's are a very minor tool in my toolbox, just part of keeping an eye on the big picture really.
  • #421,615
  • Apr 14, 2011 9:19am Apr 14, 2011 9:19am
Quoting pipnapper
what does w/c stands for?

Hi there,

it's Weighted Close HLCC/4
  • #421,616
  • Apr 14, 2011 9:20am Apr 14, 2011 9:20am
my sl is moved to 4438 guaranteeing 13 pips... , now above 267 on 5m... 40m u ntil fix

moved to 4445 now...
  • #421,617
  • Apr 14, 2011 9:21am Apr 14, 2011 9:21am
Wonder how our nedging boy is doing, he has gone awfully quiet.
  • #421,618
  • Apr 14, 2011 9:21am Apr 14, 2011 9:21am
Quoting fldash
my sl is moved to 4438 guaranteeing 13 pips... yah!

Perfect place for it, the next one to put it at is 47 if we don't get a retest of it. Then you are flying.


We all having fun today? It is good when the majority of the thread is looking at the same thing with only the occasional guys screaming the opposite, they provide the liquidity and entertainment, we need them.
  • #421,619
  • Apr 14, 2011 9:21am Apr 14, 2011 9:21am
Quoting Polkm
Hi there,

it's Weighted Close HLCC/4
thanks
  • #421,620
  • Apr 14, 2011 9:24am Apr 14, 2011 9:24am
can someone explain what "the fix" is?
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