good morning,
is there any setup? i dont see any at this time.
Patience
they will come and they will play out.
Hero calls followed by margin calls...
Pivots + RSX + Stochastic on M15 & M30 - Intraday rangebound
- #481
- Jun 21, 2011 2:05am Jun 21, 2011 2:05am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Patience
they will come and they will play out.
- #482
- Edited 3:40am Jun 21, 2011 2:27am | Edited 3:40am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Note: this setup isnt a safe one neither a easy one.
why i took this trade:
Daily made a LL and is testing/trying to confirm the LowerHigh at the moment on the supply zone. Price breakthorugh and S turned R, tested and prooved once so far. Now PA approached agaian at supply and we play common supply sell here.
Altough we dont have a overbought RSX,no divergence and no serious confirmation to the downside.
I took it bcause i think it might be a relaible one in the long run
kindest regards
Jonas
why i took this trade:
Daily made a LL and is testing/trying to confirm the LowerHigh at the moment on the supply zone. Price breakthorugh and S turned R, tested and prooved once so far. Now PA approached agaian at supply and we play common supply sell here.
Altough we dont have a overbought RSX,no divergence and no serious confirmation to the downside.
I took it bcause i think it might be a relaible one in the long run
kindest regards
Jonas
Hero calls followed by margin calls...
- #484
- Jun 21, 2011 4:58am Jun 21, 2011 4:58am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #485
- Jun 21, 2011 5:09am Jun 21, 2011 5:09am
nice one...i got stopped out for +1 earlier...
fuckin adjusting..
. I'm at work atm, can you post a current chart with the earlier setup that we had on gbp usd please? I'm at work atm, every port is filtered so I can't get into my platform.
- #486
- Jun 21, 2011 5:14am Jun 21, 2011 5:14am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
anyway setup did work,nice to see u guys making pips with this system.
makes me proud.
Jonas
Hero calls followed by margin calls...
- #488
- Jun 21, 2011 5:30am Jun 21, 2011 5:30am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Real pips $$.
Hero calls followed by margin calls...
- #490
- Jun 21, 2011 1:40pm Jun 21, 2011 1:40pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Phanti what do you think about eur/usd 4h? a short could work @ 1,445x if rsx turns overbought?
agree, if rsx overbought and price at supply, but remember that u need a huge sl and a huge target if u trade the h4 frame.In addition ull need lots of patience,those trades might run for a couple of days until they hit tg or sl
lets c whether we ll get our setup tomorrow or not.
Jonas
Hero calls followed by margin calls...
- #491
- Jun 21, 2011 2:59pm Jun 21, 2011 2:59pm
- Joined Oct 2010 | Status: Trader | 1,654 Posts
Jonas and any other traders here,
I got a signal for a Strong sell on EUR/JPY H4, similar to EUR/USD.
RSX pretty much overbought
Trendline from 6th june which has already been respected.
Fib 23.6 line.
There is also a signal on H1 aswell.
So Im very bearish on EUR for next couple of days. I have a small trade with SL just above 23.6 fib at 115.65 and my TP is 114.80 which is seemingly quite a strong demand area
I've got quite a tight SL so if the news from greece is negative for me, i get stopped out early
I think i am starting to get the hang of supply and demand areas!
Jeremy
I got a signal for a Strong sell on EUR/JPY H4, similar to EUR/USD.
RSX pretty much overbought
Trendline from 6th june which has already been respected.
Fib 23.6 line.
There is also a signal on H1 aswell.
So Im very bearish on EUR for next couple of days. I have a small trade with SL just above 23.6 fib at 115.65 and my TP is 114.80 which is seemingly quite a strong demand area
I've got quite a tight SL so if the news from greece is negative for me, i get stopped out early
I think i am starting to get the hang of supply and demand areas!
Jeremy
- #492
- Jun 21, 2011 3:08pm Jun 21, 2011 3:08pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Jonas and any other traders here,
I got a signal for a Strong sell on EUR/JPY H4, similar to EUR/USD.
RSX pretty much overbought
Trendline from 6th june which has already been respected.
Fib 23.6 line.
There is also a signal on H1 aswell.
So Im very bearish on EUR for next couple of days. I have a small trade with SL just above 23.6 fib at 115.65 and my TP is 114.80 which is seemingly quite a strong demand area
I've got quite a tight SL so if the news from greece is negative for me, i get stopped out early
I think i am...
-17 so far. anyway my stop is 116.10 and my target is 114.01.... alltough we should wait a bit linger here, because isnt in rsx overbought mode ( above the 85 level) and doesnt point down so far. so a bit more patience and we will get a nice trade.
my chart to clarify my statement above:
PS: actually stops should be above the circled point on my chart, i used a different one giving me a better and more reliable RM,MM .....ill confuse later on that. remember : this is a ~ 1:1 trade and h4 frame, might take days until target will get hit etc...
target obv on the next significant demand lvl because is likely to reach it if he continues down obv.
which u a lot of succes in ur exams jeremy, thank you for your time n charts to improve threads traffic and inputs.
Jonas
Hero calls followed by margin calls...
- #493
- Jun 21, 2011 3:14pm Jun 21, 2011 3:14pm
- Joined Oct 2010 | Status: Trader | 1,654 Posts
yeah I might widen my stops as we could see a whipsaw in a short time due this vote thing in greece.
Cheers for the luck, I am gonna need it, I've got my last exams tomorrow then I'm free to trade all summer until september!!
It seems that the trendline is holding and RSX is at 83 so I reckon this is gonna be a successful trade. I must have got an almost identical entry price to you as i'm -15 currently, but you can't get everything right.
See you soon,
Jeremy
Cheers for the luck, I am gonna need it, I've got my last exams tomorrow
then I'm free to trade all summer until september!!It seems that the trendline is holding and RSX is at 83 so I reckon this is gonna be a successful trade. I must have got an almost identical entry price to you as i'm -15 currently, but you can't get everything right.
See you soon,
Jeremy
- #498
- Jun 22, 2011 12:55am Jun 22, 2011 12:55am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Good morning guys,
I've just canceled my eur usd short @ 1.452 because of fundamentals, Greece is going to apply the new austerity measures and receive the loan. How is your eur jpy short hanging?
problem is that we dont have a singificant supply here. ill give it a shoot at london open, might close it later...but usually i dont close because of fundamentals.
Jonas
Hero calls followed by margin calls...
- #499
- Jun 22, 2011 12:56am Jun 22, 2011 12:56am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
lot of supply here, awaiting drop soon
Hero calls followed by margin calls...
- #500
- Jun 22, 2011 1:16am Jun 22, 2011 1:16am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...