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  • #4,941
  • Jun 8, 2011 2:24am Jun 8, 2011 2:24am
Does anyone know why GBP fell then
  • #4,942
  • Jun 8, 2011 2:30am Jun 8, 2011 2:30am
Quoting peterporter
Does anyone know why GBP fell then
Because I am selling
Lybi lydey, lybi vragov.
  • #4,943
  • Jun 8, 2011 2:33am Jun 8, 2011 2:33am
Moody's has said gbp could lose its AAA status
  • #4,944
  • Jun 8, 2011 2:33am Jun 8, 2011 2:33am
Quoting Pip Maker
Because I am selling
Wow Warren
Please let us know beforehand

UPDATE Moodys comments was the reason
  • #4,945
  • Jun 8, 2011 2:55am Jun 8, 2011 2:55am
Quoting peterporter
Wow Warren
Please let us know beforehand

UPDATE Moodys comments was the reason
Ha ha funny u, I was selling long before the fall occurred and I was just lucky this time .
Lybi lydey, lybi vragov.
  • #4,946
  • Jun 8, 2011 2:58am Jun 8, 2011 2:58am
Quoting Pip Maker
Ha ha funny u, I was selling long before the fall occurred and I was just lucky this time .

Yeh same here, I had GY short

Into inifinity and beyond
  • #4,947
  • Jun 8, 2011 3:00am Jun 8, 2011 3:00am
Quoting peterporter
Yeh same here, I had GY short
BRAVO
Lybi lydey, lybi vragov.
  • #4,948
  • Jun 8, 2011 3:17am Jun 8, 2011 3:17am
Could anyone find any trade set-up this week on 4 hr TF?
Demand is not one wants, but what one can pay for
  • #4,949
  • Jun 8, 2011 3:21am Jun 8, 2011 3:21am
Quoting roterio
Could anyone find any trade set-up this week on 4 hr TF?
Yes, go long on eur/usd it should go above 1.4700 Im long and my target is about 1.4775

More info here:http://www.forexfactory.com/showthre...36#post4672336
Lybi lydey, lybi vragov.
  • #4,950
  • Jun 8, 2011 3:22am Jun 8, 2011 3:22am
Quoting Pip Maker
Yes, go long on eur/usd it should go above 1.4700 Im long and my target is about 1.4775

More info here:http://www.forexfactory.com/showthre...36#post4672336

I dont think so. Eur/usd is about to give s short signal in 4 hr TF.
Demand is not one wants, but what one can pay for
  • #4,951
  • Jun 8, 2011 3:26am Jun 8, 2011 3:26am
Quoting roterio
I dont think so. Eur/usd is about to give s short signal in 4 hr TF.
About can be in an hour or in 1 day. Look at Daily. No signal for reversal or downtrend yet. It can go 100 more pips up before going down. Or look at WEEKLY Charts.
Lybi lydey, lybi vragov.
  • #4,952
  • Jun 8, 2011 3:33am Jun 8, 2011 3:33am
Quoting Pip Maker
About can be in an hour or in 1 day. Look at Daily. No signal for reversal or downtrend yet. It can go 100 more pips up before going down. Or look at WEEKLY Charts.
I would wait until we cross for a long again or drill down to 15min
as pipmaker says, its higher TF is up

is could quite easily get to 1.48
  • #4,953
  • Jun 8, 2011 3:35am Jun 8, 2011 3:35am
Quoting Pip Maker
Yes, go long on eur/usd it should go above 1.4700 Im long and my target is about 1.4775

More info here:http://www.forexfactory.com/showthre...36#post4672336
Long????? I think you are on the wrong thread mate if your chart is telling you that.
  • #4,954
  • Jun 8, 2011 3:41am Jun 8, 2011 3:41am
Quoting mackaozy
Long????? I think you are on the wrong thread mate if your chart is telling you that.
yeh your right, it shows a short now but pipmaker is looking at the higher time frame
he/she might have set the trade from the daily charts
  • #4,955
  • Jun 8, 2011 3:45am Jun 8, 2011 3:45am
Quoting dean
Here's one worth looking at in my opinion. tdi coming out from above 68, stochs coming out from way overbought, great tdi angle. This is the 4 hour chart.
Negatives are: going against daily trend, however last pullback on H4 was 4 candles with a high to low of about 100 pips and the current daily candle is smaller than yesterdays with a flat tdi suggesting a possible reversal on the daily, and the other is the resistance it is at right at the moment....it is sitting on 1.4650.....but if it can break below that level there is not much resistance...
Nice analysis Dean. I would also add though that the candles were/are a little small and the angle of the green on the TDI is a little weak.
  • #4,956
  • Jun 8, 2011 3:47am Jun 8, 2011 3:47am
Quoting peterporter
yeh your right, it shows a short now but pipmaker is looking at the higher time frame
he/she might have set the trade from the daily charts
There is only one tf with possible long and thats is weekly, and tdi is flat.
  • #4,957
  • Jun 8, 2011 3:49am Jun 8, 2011 3:49am
Quoting roterio
Could anyone find any trade set-up this week on 4 hr TF?
Has been slow on the 4HR all week so far, I'm working from home today so I'm trading the 1HR also, not seen any 1HR trades I liked, missed the GBP news trade this morning.
  • #4,958
  • Jun 8, 2011 3:55am Jun 8, 2011 3:55am
I missed this one today
Attached Image
Demand is not one wants, but what one can pay for
  • #4,959
  • Edited 4:14am Jun 8, 2011 3:57am | Edited 4:14am
The past weeks I've been trading this method, I have skipped on certain set ups because of either a weak candle or opposing lower TF only to find that the market has moved in that direction for one reason or another, and it happened time and time again, so the last 8 days of trading, I've simply looked at potential setups and have carefully placed limit orders between the daily support/resistant levels (i.e 10+spread)...

I have set up 18 limit orders in the last 8 days

12 of which were triggered, 1 was stopped out (misplaced SP)

Averaging 30pips per trade.

Found this to be pretty useful thus far and a lot less time consuming when I'm not around (which is more often than not)
  • #4,960
  • Jun 8, 2011 4:08am Jun 8, 2011 4:08am
Quoting roterio
Could anyone find any trade set-up this week on 4 hr TF?
I just closed AUD USD sell +21.3 pips
EUR/JPY sell +12.9 pips


GBP/JPY sell +45 pips ) trade still going on
GBP/USD sell +4.5 pips.)

All trades are in 4 Tf

cheers
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