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ABCD - My way

  • #81
  • Jun 8, 2011 9:46am Jun 8, 2011 9:46am
Not feeling too confident in the LONG. Upside PA is weak at best. Going to wait for close of day and see the condition of the daily candle. May dump LONG.
Capital Preservation is key to long term wealth accumulation
  • #82
  • Jun 8, 2011 9:54am Jun 8, 2011 9:54am
about longing at 1.4570-80?

Quoting MuddBuddha
Not feeling too confident in the LONG. Upside PA is weak at best. Going to wait for close of day and see the condition of the daily candle. May dump LONG.
dreams do come true.
  • #83
  • Jun 8, 2011 9:59am Jun 8, 2011 9:59am
and still not invalidate long although the cycles only point to 1.457/8 at the time.

Quoting wannaberich
about longing at 1.4570-80?
dreams do come true.
  • #84
  • Jun 8, 2011 10:01am Jun 8, 2011 10:01am
let's see how it closes the hourly...

while i write this... i'd say looks like breaking.

am short from 1.4618.
Attached Image (click to enlarge)
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dreams do come true.
  • #85
  • Jun 8, 2011 10:02am Jun 8, 2011 10:02am
i am looking at the 15 min. C was 1.4635, 8 candles later it went to 1.46397 and took it out. Interesting though you are correct it has broken down past 1.4610...........double bottom though...............going to have to wait and see where this is going to go..............we both agree that it is going up to 1.47.. but from where is the Question I have...........


Quoting wannaberich
what TF are you talking about?

on the 15m we are straying below the 20 ema

it's the 3rd time we trying to get above that C. looks like failing... points to 1.4584...
  • #86
  • Jun 8, 2011 10:06am Jun 8, 2011 10:06am
should close below 1.4610/1 for further down.

if it doesn't i'd rather take whatever is left (small profit or, hopefully, small loss) because it can turn into a false break of the lower blue line.

don't want to get married to an idea but i'd say 1.4570/80 with sl of 40 pips is a nice long. thinking of selling the farm to bet on it, IF we get there LOL

hapipipin

Quoting jrushing
i am looking at the 15 min. C was 1.4635, 8 candles later it went to 1.46397 and took it out. Interesting though you are correct it has broken down past 1.4610...........double bottom though...............going to have to wait and see where this is going to go..............we both agree that it is going up to 1.47.. but from where is the Question I have...........
dreams do come true.
  • #87
  • Jun 8, 2011 10:11am Jun 8, 2011 10:11am
You have pegged it, good lesson on this method............learning alot
  • #88
  • Jun 8, 2011 10:11am Jun 8, 2011 10:11am
the difference here is that you are looking at canldestick. i am looking at closes! the candle that you say went to 1.46397 closed at 1.4630. the candle that you said went to 1.4635 closed at 1.4629. that's a 1 pip difference. i have posted somewhere before that only above 3 pips i call it a difference. therefor for me those 2 highs were equal and therefor that C was not invalidated on my view

green pips, J

Quoting jrushing
i am looking at the 15 min. C was 1.4635, 8 candles later it went to 1.46397 and took it out. Interesting though you are correct it has broken down past 1.4610...........double bottom though...............going to have to wait and see where this is going to go..............we both agree that it is going up to 1.47.. but from where is the Question I have...........
dreams do come true.
  • #89
  • Jun 8, 2011 10:13am Jun 8, 2011 10:13am
about to complete the black cycle.



Quoting wannaberich
what TF are you talking about?

on the 15m we are straying below the 20 ema

it's the 3rd time we trying to get above that C. looks like failing... points to 1.4584...
dreams do come true.
  • #90
  • Jun 8, 2011 10:15am Jun 8, 2011 10:15am
Gotcha, i will keep that in mind, maybe i will not have so many large drawdown with that knowledge............thanks
  • #91
  • Jun 8, 2011 10:15am Jun 8, 2011 10:15am
+36.

still we can go a little further down but i'll take these out and look for a long entry than can be lower.
dreams do come true.
  • #92
  • Jun 8, 2011 10:19am Jun 8, 2011 10:19am
and we point up as expected...

still i see 1.4564 to 1.4551. i am holding till we reach those levels.

studying some more as i intend to bet the house here LOL
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dreams do come true.
  • #93
  • Jun 8, 2011 10:35am Jun 8, 2011 10:35am
Boy I could have pegged that one any closer, there goes there farm lets see if the damn bull will run
  • #94
  • Jun 8, 2011 10:38am Jun 8, 2011 10:38am
yes i agree i am not happy about the pivot bar not a real good one at all
  • #95
  • Jun 8, 2011 10:40am Jun 8, 2011 10:40am
Thats one of the biggest problems I have, I know it going up/down, but my entry's are not good at all
  • #96
  • Jun 8, 2011 10:43am Jun 8, 2011 10:43am
says 1.4545

that number works with the TLs...

also works with the last 5m cycle...
dreams do come true.
  • #97
  • Jun 8, 2011 11:02am Jun 8, 2011 11:02am
I recalculated and I am showing 1.4549, still this little range made about 25 pips just in the last 30 min. Now I am just waiting for the low


Quoting wannaberich
says 1.4545

that number works with the TLs...

also works with the last 5m cycle...
  • #98
  • Jun 8, 2011 11:04am Jun 8, 2011 11:04am
on the 1h tells me 1.4545 is a no, no!

but i still wait.... won't bet the farm that easily lol.

Quoting wannaberich
says 1.4545

that number works with the TLs...

also works with the last 5m cycle...
dreams do come true.
  • #99
  • Jun 8, 2011 11:05am Jun 8, 2011 11:05am
london closed...


80 starts to look like a good enough place to long...
dreams do come true.
  • #100
  • Jun 8, 2011 11:11am Jun 8, 2011 11:11am
... just hope we get there again LOL

Quoting wannaberich
london closed...


80 starts to look like a good enough place to long...
dreams do come true.
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