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  • #444,321
  • May 18, 2011 11:44am May 18, 2011 11:44am
This is what I mean, anyway I' didn't take the short but I'll be looking to buy if we get a nice 5 wave move into the 382 retrace which also happens to be C=1.618*A
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Click to Enlarge Name: 18may11ew4.PNG Size: 70 KB
Don't have an ego. Always question yourself and your ability.
  • #444,322
  • May 18, 2011 11:46am May 18, 2011 11:46am
I believe your labeling at the end there denotes a Wave 4....due to the longer drawn out correction.....I may be wrong....your thoughts?

Plus divergence is just beginning


Quoting RamsesII
This is what I mean, anyway I' didn't take the short but I'll be looking to buy if we get a nice 5 wave move into the 382 retrace which also happens to be C=1.618*A
  • #444,323
  • May 18, 2011 11:47am May 18, 2011 11:47am
Quoting KCV
Hi Ramses,

I am a newbi. What you mean my tight stop. How many pips? Ty.
That entry would've been very tight as in 3 or 4, but it's always dependent on the setup
Don't have an ego. Always question yourself and your ability.
  • #444,324
  • May 18, 2011 11:47am May 18, 2011 11:47am
Quoting PayTheLimit
well done...
i wouldn't say well done ... yet

my day is young (and you don't sleep) so i will keep working on it here. got 45 minutes until the FOMC meeting so i would go with the fish if i were you. better for your health my friend.
  • #444,325
  • May 18, 2011 11:47am May 18, 2011 11:47am
Quoting cloggie
I made my bed and just lie in it now. Missed the TP by 0.4 pips actually, not worried till 4300-ish goes. A close above 4285 would be the time I start paying attention.
Shit I hate when that happens .... btw that was my stop in my previous longs that didn't get hit by 2 ticks (but it was luck more than skills on that one and bad luck in your case).

In any case, agree with that line in the sand, I am looking for a trigger fade on (h4 highs) in M30 (close up and back down)... stops I guess will be the same as you, a close above 1.430x....

Let see if it triggers and if it pans out...still plenty of time.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #444,326
  • May 18, 2011 11:48am May 18, 2011 11:48am
4338... break of 4350 and this should stall at 4380..

hope things are well... down move not totally over yet... but first bullish...

Quoting infinitus
Hi Mercy,

had a short position from yesterday evening (you know) @ 4226 and opend another short @ 4276 this night.

Was very busy today, so I had not to watch the paint drying :-)

My plan was to sell at DP. But we took it out relatively quickly and I thought we could see 4191 or 4160 at least.

Had an business appointment at that time around when price reversed up. Luckily I was able to close both positions slightly above DP @ 4227

Since that I am long.
  • #444,327
  • May 18, 2011 11:48am May 18, 2011 11:48am
Quoting needpips
I believe your labeling at the end there denotes a Wave 4....due to the longer drawn out correction.....I may be wrong....your thoughts?

Plus divergence is just beginning
Well I believe that 5 would be done and we'd go for the full correction due to how I counted the subwaves. Check back on my charts for the subwave count.
Don't have an ego. Always question yourself and your ability.
  • #444,328
  • May 18, 2011 11:49am May 18, 2011 11:49am
Quoting sisse
I agree with you infintus.

I will add that the key is in determining when to look for small TFs and when not and which smaller timeframes are the correspondent "fractals" on higher timeframes according to volatility and liquidity.

As you imply, playing a weekly level with a 5 minute chart can and will chop you out to death, and there is no business in trying to filter which fractal changes are valid and which one not when there is not a logical correlation between timeframes.

sisse
infintus and you have added another page to my trades notes!

thanks and appreciate your time.

Cheers,
Ally
  • #444,329
  • May 18, 2011 11:51am May 18, 2011 11:51am
Quoting AllyB
i wouldn't say well done ... yet

my day is young (and you don't sleep) so i will keep working on it here. got 45 minutes until the FOMC meeting so i would go with the fish if i were you. better for your health my friend.

sea bass it is then..., I wish you luck with the bastards post FOMC...Look Sharp/Trade Tight...
Look Sharp/Trade Tight
  • #444,330
  • May 18, 2011 11:52am May 18, 2011 11:52am
Quoting PayTheLimit
sea bass it is then..., I wish you luck with the bastards post FOMC...Look Sharp/Trade Tight...
now you have made me hungry ... LS/TT it is
  • #444,331
  • May 18, 2011 11:53am May 18, 2011 11:53am
I stand corrected.....nicely done....now I see how we are going to retouch 416-7....before the next height



Quoting RamsesII
Well I believe that 5 would be done and we'd go for the full correction due to how I counted the subwaves. Check back on my charts for the subwave count.
  • #444,332
  • May 18, 2011 11:54am May 18, 2011 11:54am
Quoting needpips
I stand corrected.....nicely done....now I see how we are going to retouch 416-7....before the next height
4246* is the ideal long entry, much more below that and the count would be in jeopardy
Don't have an ego. Always question yourself and your ability.
  • #444,333
  • May 18, 2011 11:57am May 18, 2011 11:57am
Quoting RamsesII
4246* is the ideal long entry, much more below that and the count would be in jeopardy

Exactly, I postulate we shall see 1.418 before the move higher...
  • #444,334
  • May 18, 2011 11:58am May 18, 2011 11:58am
Quoting needpips
Exactly, I postulate we shall see 1.418 before the move higher...
based on what?
Don't have an ego. Always question yourself and your ability.
  • #444,335
  • May 18, 2011 12:01pm May 18, 2011 12:01pm
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Quoting RamsesII
based on what?
  • #444,336
  • May 18, 2011 12:01pm May 18, 2011 12:01pm
Quoting 4xs
I wish you all the best
  • #444,337
  • May 18, 2011 12:07pm May 18, 2011 12:07pm
Quoting cloggie
I made my bed and just lie in it now. Missed the TP by 0.4 pips actually, not worried till 4300-ish goes. A close above 4285 would be the time I start paying attention.
where is the wife?
  • #444,338
  • May 18, 2011 12:10pm May 18, 2011 12:10pm
Quoting needpips
Attachment
ok, to get to X below exactly what count are you seeing short term that will allow that?
Don't have an ego. Always question yourself and your ability.
  • #444,339
  • May 18, 2011 12:11pm May 18, 2011 12:11pm
Looking for 417....but will most likely TP 42


Quoting Robot
where is the wife?
  • #444,340
  • May 18, 2011 12:11pm May 18, 2011 12:11pm
Oil @ almost 101... ..careful with the shorts - trade safe..
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