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  • #341
  • Jun 29, 2011 3:27am Jun 29, 2011 3:27am
Quoting lovejoy80
I can't immediately see where you took a trade on GAUD, can you post a chart when you get a chance.

I hope some of you managed to catch this bounce.
Perhaps not enough for you here? I really liked the s/r. I can't draw a box by the way on the 4 hr, whenever I let go of the mouse to try and draw the box, it moves away from where I intend to draw it at. Pretend the box is from the top line to the bottom line. My entry was before that green bar on the 1 hr chart, was in and out pretty fast.


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  • #342
  • Jun 29, 2011 4:08am Jun 29, 2011 4:08am
There is a nice confluence around 1.6090 on gu,if only price would get there....
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  • #343
  • Jun 29, 2011 4:30am Jun 29, 2011 4:30am
Quoting Jlr
Perhaps not enough for you here? I really liked the s/r. I can't draw a box by the way on the 4 hr, whenever I let go of the mouse to try and draw the box, it moves away from where I intend to draw it at. Pretend the box is from the top line to the bottom line. My entry was before that green bar on the 1 hr chart, was in and out pretty fast.


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Nice setup and well managed
  • #344
  • Jun 29, 2011 4:33am Jun 29, 2011 4:33am
Quoting madboy
There is a nice confluence around 1.6090 on gu,if only price would get there....
Yep I have he whole 1.6100 area marked as a confluenced area for a potential short.
  • #345
  • Jun 29, 2011 10:08am Jun 29, 2011 10:08am
Thank you Mark. I completely forgot about looking at a USDX chart.

I just watched the EURUSD explode up, and I was thinking "how is this happening, what did I miss". I knew the Greek vote was for a day, and I saw nothing to tip this off. Now I see what I could have looked for.

I really want to get a feel for the EURUSD. I believe I could get this one pair down good enough to make money on it most days (other than days that just chop). Then the other pairs I just look for more obvious set-ups like you post here.

Lots of things I need to work out. I wish I could stop putting in 80 hour weeks so I would have time for your private forum. So many things to learn, so little time.
  • #346
  • Jun 29, 2011 2:08pm Jun 29, 2011 2:08pm
Quoting lovejoy80
Nice setup and well managed

Tyty. I hope I can find a few more solid ones this week. Even with some decent moves, still struggling to put in a lot of volume. I am guessing this week has been quite busy for you?
  • #347
  • Jun 29, 2011 2:36pm Jun 29, 2011 2:36pm
Quoting Jlr
Tyty. I hope I can find a few more solid ones this week. Even with some decent moves, still struggling to put in a lot of volume. I am guessing this week has been quite busy for you?
It's been a quiet two weeks for me, the market has not been presenting many good technical setups at the moment and I missed the chance to go long the usd pairs on Monday.

Now the Greece sitatuation is slowly reaching a resolution (for the time being at least) we should start to get some decent setups presenting themselves again...so it's been a time to display discipline and patience for me.
  • #348
  • Jun 29, 2011 9:18pm Jun 29, 2011 9:18pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I have a few charts on my watch list, the red lines are the place where I would like to place some trades, depand on PA information, or probably TT trades? just wanted to get some comments on each of the quality, I guess I may have some technical issue which I could not see them personally. so, could LJ, Nasir or Jlr, and other seniors help with your quick analysis? thank you.


Krue
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  • #349
  • Jun 29, 2011 9:23pm Jun 29, 2011 9:23pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
another one
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  • #350
  • Jun 29, 2011 10:17pm Jun 29, 2011 10:17pm
Quoting krue
another one
I'll let the real seniors correct me, but I think in terms of s/r, the a/cad is definitely your best bet, followed by the g/chf. The rest are a bit to unclear for me, and look more like curve fitting, then actually quality levels. That being said, from where the fibs presently line up, neither of these would be a trade for me. Also to add, I'd probably be looking to short g/chf instead at the lows of 1.3616, if I were to short at all. Here's a nice trade on a/cad that I like a lot more. Good spot there on that level, and keep up the good work.

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  • #351
  • Jun 29, 2011 11:04pm Jun 29, 2011 11:04pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I see your 1.3616 level, nice spot on

could you give more specific explanation why you think the rests are more a curve fitting than real quality levels? just because those ones are not lined up precisely with fibs? or the ppz is not clean enough? I really try hard to see the issue, just could not get it through.

what do you think of AUD/SGD? is it good? coz the ppz seems to me clear and lined up with fib 61.

AUD/JPY, what if I adjust the ppz down to 86.8, do you think it is better,given it lines up with 50 level

GBP/USD just pushed through 1.61 just now while I was typing this reply, the truth tells you seem correct, just curious what makes you think 1.61 doesn't work? I looked at what the price action is doing, feel it is stalling at 1.6107, it seems probably I can short here, what do you think?

Thank you for the comment, I would like to see more of advice like this. really thanks a lot

Krue

Quoting Jlr
I'll let the real seniors correct me, but I think in terms of s/r, the a/cad is definitely your best bet, followed by the g/chf. The rest are a bit to unclear for me, and look more like curve fitting, then actually quality levels. That being said, from where the fibs presently line up, neither of these would be a trade for me. Also to add, I'd probably be looking to short g/chf instead at the lows of 1.3616, if I were to short at all. Here's a nice trade on a/cad that I like a lot more. Good spot there on that level, and keep up the good work....
  • #352
  • Jun 29, 2011 11:51pm Jun 29, 2011 11:51pm
Quoting krue
I see your 1.3616 level, nice spot on

could you give more specific explanation why you think the rests are more a curve fitting than real quality levels? just because those ones are not lined up precisely with fibs? or the ppz is not clean enough? I really try hard to see the issue, just could not get it through.

what do you think of AUD/SGD? is it good? coz the ppz seems to me clear and lined up with fib 61.

AUD/JPY, what if I adjust the ppz down to 86.8, do you think it is better,given it lines up with 50 level

GBP/USD...
Just my opinion, but none of the ppz's are very clear at all. You have maybe 1 rejection on the sgd, and the a/j, and then a bunch of other bars that just sail right through that level. I think other confluences are fine, but those ppz's aren't really ones I would personally want to trade at.
  • #353
  • Jun 29, 2011 11:55pm Jun 29, 2011 11:55pm
Quoting lovejoy80
It's been a quiet two weeks for me, the market has not been presenting many good technical setups at the moment and I missed the chance to go long the usd pairs on Monday.

Now the Greece sitatuation is slowly reaching a resolution (for the time being at least) we should start to get some decent setups presenting themselves again...so it's been a time to display discipline and patience for me.
Hope so, and glad you say that. Have been trying to slowly increase my volume, but have found it going in the opposite direction then I would desire in the last 2 weeks. Wasn't sure if it was just me, or if there really just hasn't been many good setups.
  • #354
  • Jun 30, 2011 12:23am Jun 30, 2011 12:23am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
your opinion is insightful to me. can you help take another look at audjpy on H4 tf, just the ppz line, is it good or not? thank you

Krue

Quoting Jlr
Just my opinion, but none of the ppz's are very clear at all. You have maybe 1 rejection on the sgd, and the a/j, and then a bunch of other bars that just sail right through that level. I think other confluences are fine, but those ppz's aren't really ones I would personally want to trade at.
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  • #355
  • Jun 30, 2011 12:31am Jun 30, 2011 12:31am
Quoting krue
your opinion is insightful to me. can you help take another look at audjpy on H4 tf, just the ppz line, is it good or not? thank you

Krue
I do like that much much better then your other one. Actually, have to think about that more Its pretty close for me. Probably would lean towards a pass, just because its the 3rd time now we've tested that level, and I think that level will be weaker as a result. Actually curious LJ's take on this one, am not sure krue.
  • #356
  • Jun 30, 2011 12:41am Jun 30, 2011 12:41am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
great point, and yeah stupid me, forgot to think about the number of tests.

Quoting Jlr
I do like that much much better then your other one. Actually, have to think about that more Its pretty close for me. Probably would lean towards a pass, just because its the 3rd time now we've tested that level, and I think that level will be weaker as a result. Actually curious LJ's take on this one, am not sure krue.
  • #357
  • Jun 30, 2011 1:32am Jun 30, 2011 1:32am
Quoting krue
another one
This was on my radar...but woke up too late this morning.

Daily PPZ, first time back in the 50/61 fib zone, RN.

BTW look at all the USD majors and their locations...
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  • #358
  • Jun 30, 2011 1:42am Jun 30, 2011 1:42am
Quoting krue
I have a few charts on my watch list, the red lines are the place where I would like to place some trades, depand on PA information, or probably TT trades? just wanted to get some comments on each of the quality, I guess I may have some technical issue which I could not see them personally. so, could LJ, Nasir or Jlr, and other seniors help with your quick analysis? thank you.


Krue
GCHF is a level I'm watching - I'm actually building long positions targeting that area. It's a great first time back with fib confluence.

ACAD is an area to watch for PA, the FTB was the great trade, now its a case of watching for PA at that area.

The rest aren't on my watchlist and dont look great on their own at a glance plus ASGD I've never even looked at. The PPZ area look choppy and thus I would only be looking for PA here, but then you have the problem that any PA will be trading straight into the choppy mess below i.e. whatever PA you get there will be no space, so if I was to take a PA trade into the consolidation I'd be looking for a quick hard high momentum break.
  • #359
  • Jun 30, 2011 1:47am Jun 30, 2011 1:47am
Quoting krue
your opinion is insightful to me. can you help take another look at audjpy on H4 tf, just the ppz line, is it good or not? thank you

Krue
I dont trade the yen pairs very often just because they are very choppy most of the time. These are both areas I have marked on AJ but by themselves I would not be taking a TT as they are areas that have been hit many times now. So unless I feel with confidence that the yens are going to all fall then it would be case of waiting for some good PA.
  • #360
  • Jun 30, 2011 2:49am Jun 30, 2011 2:49am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
your points are taken, audxxx pairs look too choppy, will let them go. just a simple question, any reason not to trade TT on these choppy pairs? I won't feel comfortable to use PA given the mess situation, just wondering if TT might do the job?

I shorted GBPUSD at 50 fib level with stop at 1.61515. what bothers me right now is the retest of the broken down trendline + two bar highs, which looks to me a valid support. in any case, will give some room for it to breath for a while.

do you have any thing to back up your GBPCHF long trade? I could not see a reason, particularly the relatively large bearish weekly bar makes the situation snaky to me, what do you think?

Krue



Quoting lovejoy80
GCHF is a level I'm watching - I'm actually building long positions targeting that area. It's a great first time back with fib confluence.

ACAD is an area to watch for PA, the FTB was the great trade, now its a case of watching for PA at that area.

The rest aren't on my watchlist and dont look great on their own at a glance plus ASGD I've never even looked at. The PPZ area look choppy and thus I would only be looking for PA here, but then you have the problem that any PA will be trading straight into the choppy mess below i.e. whatever PA you...
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