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Trading Major Lines

  • #1,341
  • Jun 27, 2011 3:30am Jun 27, 2011 3:30am
Charts attached..in order from most favourite to least..
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  • #1,342
  • Jun 27, 2011 3:35am Jun 27, 2011 3:35am
for the time being,first two of the above charts looking good in terms of a bearish setup on 4hr.We'll find out in 20 mins if that is the case
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  • #1,343
  • Jun 27, 2011 3:42am Jun 27, 2011 3:42am
I am watching GBPUSD, GBPJPY to short as well but my 4hr candles do not close for another 2hr 20mins.
  • #1,344
  • Jun 27, 2011 3:53am Jun 27, 2011 3:53am
Quoting nomask
for the time being,first two of the above charts looking good in terms of a bearish setup on 4hr.We'll find out in 20 mins if that is the case
posted in wrong thread whoops, edited, sorry
  • #1,345
  • Jun 27, 2011 4:04am Jun 27, 2011 4:04am
these two pairs didn't end up as good as before..will come back and check the present 4hr candles as they are finished.
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  • #1,346
  • Jun 27, 2011 4:19am Jun 27, 2011 4:19am
Quoting Vaydon
I am watching GBPUSD, GBPJPY to short as well but my 4hr candles do not close for another 2hr 20mins.
no big deal..You should be trading based on your own data feed and timezone.They all work the same at the end.
  • #1,347
  • Jun 27, 2011 4:27am Jun 27, 2011 4:27am
Out of the method/context but may be useful. Interesting formations on USD Index Daily TF.... Tripple Top or Higher lows/ triangle formation?
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  • #1,348
  • Jun 27, 2011 8:46am Jun 27, 2011 8:46am
Good looking setup on gj but waiting for the right moment only if it really wants to move down.
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  • #1,349
  • Jun 27, 2011 8:51am Jun 27, 2011 8:51am
being patient is always a good thing..
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  • #1,350
  • Jun 27, 2011 11:43am Jun 27, 2011 11:43am
to use a cricket phrase- `well left` !
(on the GBP/JPY short)
Quoting nomask
being patient is always a good thing..
  • #1,351
  • Jun 27, 2011 1:50pm Jun 27, 2011 1:50pm
Quoting gssintokyo
to use a cricket phrase- `well left` !
(on the GBP/JPY short)
just took a short on gj..struggling big time but its a real low risk entry so i don't mind if it doesn't work out
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  • #1,352
  • Jun 28, 2011 5:34am Jun 28, 2011 5:34am
Weekly close below 1.20
Engulfing bar on 4H at 38.2% retracement level of weekly.
Pin bar on 5 min at 38.2% retracement level of 4H.
Moved to Break even.
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Much depend on luck, but the more you practice the luckier you get! NT & GP
  • #1,353
  • Jun 28, 2011 11:23am Jun 28, 2011 11:23am
Quoting pa_pips
Weekly close below 1.20
Engulfing bar on 4H at 38.2% retracement level of weekly.
Pin bar on 5 min at 38.2% retracement level of 4H.
Moved to Break even.
Great entry
  • #1,354
  • Jun 29, 2011 2:48am Jun 29, 2011 2:48am
EURGBP pair is at round number 0.9000...interesting point. Please post your observations....thanks
  • #1,355
  • Jun 29, 2011 2:54am Jun 29, 2011 2:54am
Quoting ava_ind
EURGBP pair is at round number 0.9000...interesting point. Please post your observations....thanks
just watching it for now.
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  • #1,356
  • Jun 29, 2011 2:59am Jun 29, 2011 2:59am
Quoting nomask
just watching it for now.
Thanks for the reply Nomask...even me too waiting for the close of weekly candle.
  • #1,357
  • Jun 29, 2011 3:01am Jun 29, 2011 3:01am
Quoting pa_pips
Weekly close below 1.20
Engulfing bar on 4H at 38.2% retracement level of weekly.
Pin bar on 5 min at 38.2% retracement level of 4H.
Moved to Break even.
My broker doesn't have this pair but good catch and very good entry you got there although it stopped you out at b.e..
But this is totally what I've been doing and what i think people should be doing.
  • #1,358
  • Jun 29, 2011 3:31am Jun 29, 2011 3:31am
Quoting nomask
My broker doesn't have this pair but good catch and very good entry you got there although it stopped you out at b.e..
But this is totally what I've been doing and what i think people should be doing.
Thanks Cfabian and Nomask.
Yes, died at BE but still good feeling though when cost is minimized.
Much depend on luck, but the more you practice the luckier you get! NT & GP
  • #1,359
  • Jun 29, 2011 8:41am Jun 29, 2011 8:41am
your trading system is great
i use a trading system very similar to it to it
  • #1,360
  • Jun 29, 2011 3:28pm Jun 29, 2011 3:28pm
Entered long yesterday on EU. Position survived today's mess only because I kept it a BE without trailing!! Currently @ + 103 pips!
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