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Trading Price Pivots

  • #341
  • Jun 28, 2011 3:47am Jun 28, 2011 3:47am
Quoting porfirio
hi Chantalb

that sort of thing I look at them too ... support and resistance in MN or W1

but my platform only has data from the aus-cad 2005, for example?

I can not see the resistance of 2004

old data can be loaded?
It should be, ask your software provider... if not go with another...
  • #342
  • Jun 28, 2011 3:54am Jun 28, 2011 3:54am
thanks friend... I will do
  • #343
  • Jun 28, 2011 4:51am Jun 28, 2011 4:51am
There is a lot going on here… 8 GMT candle found resistance at the double top in orange. Opened right on the weekly balance point. Closed below today’s BP and which also is the weekly midpoint (one pip difference)…. Price normally likes to go with the line of least resistance, as I see it, up move is heavily guarded. So this might just be what I am looking for to enter another short… depends on how this hour closes…
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
  • #344
  • Edited 10:48am Jun 28, 2011 5:09am | Edited 10:48am
Quoting Chantalb
There is a lot going on here… 8 GMT candle found resistance at the double top in orange. Opened right on the weekly balance point. Closed below today’s BP and which also is the weekly midpoint (one pip difference)…. Price normally likes to go with the line of least resistance, as I see it, up move is heavily guarded. So this might just be what I am looking for to enter another short… depends on how this hour closes…
I made some notes on the EU chart for myself yesterday and whilst i don't trade in exactly the same way as yourself, it's encouraging to see that my analysis results in similar entries. Thanks as always for your EU analysis, it's the only pair i trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU2706111hra.GIF Size: 173 KB
Click to Enlarge Name: EU2806111hrb.GIF Size: 170 KB
  • #345
  • Jun 28, 2011 5:10am Jun 28, 2011 5:10am
Took the short @ 1.42666 SL 1.44406 + 10

Reasons: for all of the stated earlier and also the confirmation candle closed below 50% June 22 high - June 27 low

Now I leave it be...

Hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 29 KB
  • #346
  • Jun 28, 2011 5:33am Jun 28, 2011 5:33am
also see the eur-usd down from several days ago (w1-h4)

now ....usd-jpy.......d1-h1...... buy
Attached Image (click to enlarge)
Click to Enlarge Name: usd.jpy d1-h1.gif Size: 33 KB
  • #347
  • Jun 28, 2011 5:50am Jun 28, 2011 5:50am
Quoting porfirio
also see the eur-usd down from several days ago (w1-h4)

now ....usd-jpy.......d1-h1...... buy
Hi Porfirio,

USDJPY-I don't understand why you bought where you did... can you please explain it?

Thank you
  • #348
  • Jun 28, 2011 6:13am Jun 28, 2011 6:13am
Posts 337, 338, 343 & 345 are true training gems. I have paid considerable Usd ($) for much less valuable info. I cannot express my graditude.

A personal note to IB: Get your ARSE back over here and participate.

gmcc
  • #349
  • Jun 28, 2011 6:17am Jun 28, 2011 6:17am
Quoting sidefx
I made some notes on the EU chart for myself yesterday and whilst i don't trade in exactly the same way as yourself, it's encouraging to see that my analysis results in similar entries. Thanks as always for your EU analysis, it's the only pair i trade
Yeah I guess we all should trade with what makes sense to us... Elliot wave n all other wave count methods is something I never got to work for me. Glad it works for you
  • #350
  • Jun 28, 2011 6:25am Jun 28, 2011 6:25am
HI CHANTALB

a picture is worth a thousand words of my English
Attached Image (click to enlarge)
Click to Enlarge Name: d1 u-j.gif Size: 23 KB
  • #351
  • Jun 28, 2011 6:34am Jun 28, 2011 6:34am
Quoting gmcc
Posts 337, 338, 343 & 345 are true training gems. I have paid considerable Usd ($) for much less valuable info. I cannot express my graditude.

A personal note to IB: Get your ARSE back over here and participate.

gmcc
It is a pleasure, really
Oh so does "I am moving on" by IB mean leaving us? I thought he was "Moving on" to new trades
  • #352
  • Jun 28, 2011 6:50am Jun 28, 2011 6:50am
IB: I would have preferred to give you a white flower, but here is a white chart instead
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-ib.gif Size: 36 KB
  • #353
  • Jun 28, 2011 6:54am Jun 28, 2011 6:54am
Quoting porfirio
HI CHANTALB

a picture is worth a thousand words of my English
ok i got my fibs up am i right in saying a 50 fib retracement of this would be around 80.55
  • #354
  • Jun 28, 2011 6:56am Jun 28, 2011 6:56am
Quoting porfirio
HI CHANTALB

a picture is worth a thousand words of my English
Yes this is exactly what I am asking... I have plotted all possible assumptions you could have taken, and still can't figure out why you bought where you did...
  • #355
  • Jun 28, 2011 7:20am Jun 28, 2011 7:20am
am following their rules ... perhaps a little hasty about the retracment ... is something I must improve

gbp-nzd--------gbp-cad ------------- ----------- -------- d1-h1 buy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp-nzd d1-h1.gif Size: 33 KB
Click to Enlarge Name: gbp-cad--d1-h1.gif Size: 33 KB
  • #356
  • Jun 28, 2011 7:29am Jun 28, 2011 7:29am
Quoting porfirio
am following their rules ... perhaps a little hasty about the retracment ... is something I must improve

gbp-nzd--------gbp-cad ------------- ----------- -------- d1-h1 buy
Those are much clearer, thank you
  • #357
  • Jun 28, 2011 7:31am Jun 28, 2011 7:31am
Quoting Chantalb
IB: I would have preferred to give you a white flower, but here is a white chart instead
Well I would have preferred a flower as well, but in this case the chart will do..

At the moment I cannot see any interesting "setups", and I am only managing
my existing trades between Sonny Rollins CD a french slow pace movie with subtitles.

Eurnzd is doing pretty well, I have locked in 125 pips, I am trailing my SL 5 pips below the latest swing low on the 1 hour time frame. I am out and made around 150 pips between gbpaud, gbpnzd and gbpjpy.

I am monitoring gbpusd long and chfjpy short. Why? huuumhm, that is a long story. But if I enter the trades I will let you know the reasons if you wish to know.

Cheers
IB
  • #358
  • Jun 28, 2011 7:36am Jun 28, 2011 7:36am
Nice to have you back, IB
Loss of opportunity is preferable to loss of capital
  • #359
  • Jun 28, 2011 8:45am Jun 28, 2011 8:45am
Now comes the hard part for me ... not whether to go with 2 lots ..... 1 set 1:1 ratio ... and 2 let it go TSL...?

And put the SL .... maybe after the 61.8% fibo... in the 100%...?

well time will tell
  • #360
  • Jun 28, 2011 9:00am Jun 28, 2011 9:00am
hi chantalb

maybe you can put a graphic example d its TSL...

need not be now ... when you have time


thanks
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