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  • #435,101
  • May 4, 2011 8:22am May 4, 2011 8:22am
Quoting PipChick
It may pull back a little or form an m5 bull flag in order to get it past the m5 target.
Q. As a matter of interest, as PA crossed the mid-point several times in both directions, at what point would you have entered long/short
for a swing play (i.e. not scalping) and why ? I'm guessing wait for a
close on 1H above/below mid and/or look for an entry on smaller TF subsequently ? Also what would your stop-loss be for such an entry ?

Cheers
  • #435,102
  • May 4, 2011 8:23am May 4, 2011 8:23am
@aurele:

Look at GU. Move to a 5 min chart. You can see what I mean. This one looks like it will break out.

Look at how there are higher lows and a "huge" battle is going on.

When it is time to break out, zoom to 1 min chart and watch the poking action.
  • #435,103
  • May 4, 2011 8:24am May 4, 2011 8:24am
Quoting fontu
that is far away & very tough direct for usdx , time is bad for it but still not that far , need more time & actions to fail needling more fire at the tail.
fontu
This is the weekly DX and the weekly EU:I think it has unfinished business until 67.93 is reached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DX week.gif Size: 13 KB
Click to Enlarge Name: EU weekly.gif Size: 16 KB
  • #435,104
  • May 4, 2011 8:24am May 4, 2011 8:24am
Quoting thelws
@aurele:

Look at GU. Move to a 5 min chart. You can see what I mean. This one looks like it will break out.

Look at how there are higher lows and a "huge" battle is going on.

When it is time to break out, zoom to 1 min chart and watch the poking action.
theres no significant Breakout level on gu right now IMHO to the upside.

down 6430/28
Hero calls followed by margin calls...
  • #435,105
  • May 4, 2011 8:24am May 4, 2011 8:24am
Quoting T.E.Lawrence
This battle thing is what I also use in my trading - many traders, I think, take it as a sign of exhaustion, when it is not.
Well, it could also mean a failed breakout. But more screen time will tell you if it is real or not...
  • #435,106
  • May 4, 2011 8:26am May 4, 2011 8:26am
Quoting PhAnTi'
theres no significant Breakout level on gu right now IMHO to the upside.

down 6430/28
I know... Just giving an example. Though, I must say that this can be consittuted as a "mini" breakout. If you know what i mean
  • #435,107
  • May 4, 2011 8:27am May 4, 2011 8:27am
I hope you guys saw that "breakout" on GU. I can't explain it any other way.
  • #435,108
  • May 4, 2011 8:28am May 4, 2011 8:28am
Quoting thelws
Well, it could also mean a failed breakout. But more screen time will tell you if it is real or not...
It is even more important if it forms an ascending triangle.
  • #435,109
  • May 4, 2011 8:28am May 4, 2011 8:28am
Quoting T.E.Lawrence
This battle thing is what I also use in my trading - many traders, I think, take it as a sign of exhaustion, when it is not.
Yup. You need to look at it the other way around... A sign of exhaustion appears when we are slightly making new highs, higher lows etc but it isn't by much. Spikes down help confirm it.

This is usually referenced as compression.

When we keep poking through to a higher supply level, we are actually consuming the supply and slowly pushing through it. It's just clearing the way of sellers (Supply Consumption).

It's something that only screen time can give you really. It can be pointed out on charts time and time again (reds thread, for instance). However you need to study and recognize them on your own.
  • #435,110
  • May 4, 2011 8:29am May 4, 2011 8:29am
Quoting thelws
You can definitely distinguish between a fake out and a break out.

It is all in price action.

It is harder to explain without showing in real time. But the breakout...
I get the "feeling" thing very well, I use it to detect highs in ranges across multiples short timeframes (<30s). Thanks for your insights, mucho appreciated!

Quoting mercy seat
Place ENTRY STOPS at convenient levels ... for today this has been at cross of beyond 1.4892 and 1.4904 ... but in case you would have read the TABLE ... then you would have had the chance to use 1.4793 and 1.4782 as an convenient entry via LIMIT ORDER ...

Stop levels are those where others tend to place a stop loss ...

Try it out ... easy peasy ... a lot of money can be made within short time by using this method ...

Supposed to continue towards 1.4953/ 59 area ...

;-|
I did have a buy limit @ 1.4777 overnight but it missed by a few pips. Not sure what you meant by "The Table" tho, maybe it's the key to my missed limit order?
  • #435,111
  • May 4, 2011 8:32am May 4, 2011 8:32am
Quoting thelws
I hope you guys saw that "breakout" on GU. I can't explain it any other way.
I did.
  • #435,112
  • May 4, 2011 8:32am May 4, 2011 8:32am
Quoting just fibbing
Q. As a matter of interest, as PA crossed the mid-point several times in both directions, at what point would you have entered long/short
for a swing play (i.e. not scalping) and why ? I'm guessing wait for a
close on 1H above/below mid and/or look for an entry on smaller TF subsequently ? Also what would your stop-loss be for such an entry ?

Cheers
On that particular trade, I entered just above C on the m5 chart. If I was playing the range in the box, I would only enter the longs (because of the trend)when it reached the bottom of the box.I hope I am understanding your question correctly.
Attached Image (click to enlarge)
Click to Enlarge Name: EU m5 (2).gif Size: 10 KB
  • #435,113
  • May 4, 2011 8:37am May 4, 2011 8:37am
Quoting SunTrader
I did.
congrats SunTrader
  • #435,114
  • May 4, 2011 8:37am May 4, 2011 8:37am
Get ready for a break of 1.50
  • #435,115
  • May 4, 2011 8:39am May 4, 2011 8:39am
Quoting PayTheLimit
am more interested in seeing a close through one of my monthly levels...4880, or 4731...
will wait for late NY to call it a breakout...
Look Sharp/Trade Tight
  • #435,116
  • May 4, 2011 8:40am May 4, 2011 8:40am
Quoting PipChick
On that particular trade, I entered just above C on the m5 chart. If I was playing the range in the box, I would only enter the longs (because of the trend)when it reached the bottom of the box.I hope I am understanding your question correctly.
can u say me 1H MA settings ?
looking for investors . pm me
  • #435,117
  • May 4, 2011 8:41am May 4, 2011 8:41am
Quoting PipChick
This is the weekly DX and the weekly EU:I think it has unfinished business until 67.93 is reached.
Ok , thanks , yes that are there for weekly targets but now I see chart again daily , smaller retracement now possible towards 1.4888 with out any mofu action again.Not this one doing now before it hit the expected top , can be 4877 limit & not actually expect reach there , reach the top & back towards 4888 . By weekend can see 4990 hit if not 5144 or the level mentioned next then .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #435,118
  • May 4, 2011 8:41am May 4, 2011 8:41am
Quoting PipChick
On that particular trade, I entered just above C on the m5 chart. If I was playing the range in the box, I would only enter the longs (because of the trend)when it reached the bottom of the box.I hope I am understanding your question correctly.
Sorry I meant to ask how you would have entered if you were not already in the trade, but basing it solely on PA arounf the mid-point of the range. However your answer is good enough. Did you enter
above C solely based on the pin-bar and Fib retracement ? Also, if you don't mind , how do you decide on the SL for that particular trade ? Targets are based on Fib extensions right ?


Ta
  • #435,119
  • May 4, 2011 8:42am May 4, 2011 8:42am
this is where my weakness is. i don't want to counter trend trade and closed my long at 4925 ... so i ask myself do i buy or wait for a lower low. until i can see direction, on the side
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1.gif Size: 42 KB
  • #435,120
  • May 4, 2011 8:44am May 4, 2011 8:44am
Quoting buonvangvn
add short 1.4916 sl 1.4946
closed 3 short + 16
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