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  • #487,581
  • Jul 12, 2011 7:47pm Jul 12, 2011 7:47pm
Quoting Venice
wonder what this ol lady is up too.
Good run?

scalping fingers on, or?
  • #487,582
  • Jul 12, 2011 7:48pm Jul 12, 2011 7:48pm
Quoting kenfen69
Minted...

rest floats for free...and will happily re-load above...

Attachment
loaded up myself
  • #487,583
  • Jul 12, 2011 7:49pm Jul 12, 2011 7:49pm
lets get that hourly below 91
  • #487,584
  • Jul 12, 2011 7:49pm Jul 12, 2011 7:49pm
Quoting Jazznos
Good timing, you piling in then???
While it is great r:r for shorts, I won't because of the daily pinbar. Could become completely invalid, but, if everything doesn't look exactly as I want it I don't touch it.
  • #487,585
  • Jul 12, 2011 7:50pm Jul 12, 2011 7:50pm
Quoting Venice
While it is great r:r for shorts, I won't because of the daily pinbar. Could become completely invalid, but, if everything doesn't look exactly as I want it I don't touch it.
Good man!
  • #487,586
  • Jul 12, 2011 7:52pm Jul 12, 2011 7:52pm
Quoting Venice
While it is great r:r for shorts, I won't because of the daily pinbar. Could become completely invalid, but, if everything doesn't look exactly as I want it I don't touch it.
Hmm yes that does look a little scary now that you mention it...
We'll soon find out...
  • #487,587
  • Jul 12, 2011 7:54pm Jul 12, 2011 7:54pm
Quoting Jazznos
Hmm yes that does look a little scary now that you mention it...
We'll soon find out...

Asia open, tada da da daa daa daaaaaa
Attached Image
  • #487,588
  • Jul 12, 2011 7:55pm Jul 12, 2011 7:55pm
A Daily Pinbar yes, but a pinbar bouncing off the 200 SMA. Now I mean a fricking springboard bounce, and that is a completely different animal, wouldnt you say my friend.


Quoting Venice
While it is great r:r for shorts, I won't because of the daily pinbar. Could become completely invalid, but, if everything doesn't look exactly as I want it I don't touch it.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #487,589
  • Jul 12, 2011 7:56pm Jul 12, 2011 7:56pm
Quoting Jazznos
Hmm yes that does look a little scary now that you mention it...
We'll soon find out...
Things can become invalid just like that though... for instance, euro daily on 7/7. Fawker got me for 30

I relied on the pinbar too much... didn't even clear 50% of previous candle... but on those things they become a crap shoot really.

But, as far as correlations go, I would say shorts on cable are the safer route right now.
  • #487,590
  • Jul 12, 2011 7:58pm Jul 12, 2011 7:58pm
Freaky week! I've made this same play over and over and over again!

As usual...some still drifting...my scalps are done on this move. Looking to re-load...

Attached Image (click to enlarge)
Click to Enlarge Name: 1min.PNG Size: 51 KB
  • #487,591
  • Jul 12, 2011 7:58pm Jul 12, 2011 7:58pm
Quoting tornado11
A Daily Pinbar yes, but a pinbar bouncing off the 200 SMA. Now I mean a fricking springboard bounce, and that is a completely different animal, wouldnt you say my friend.
I see lower high and lower low... but, momentum is definitely slowing. If not tonight, tomorrow we should see a bull candle soon.
  • #487,592
  • Jul 12, 2011 7:59pm Jul 12, 2011 7:59pm
Quoting tornado11
A Daily Pinbar yes, but a pinbar bouncing off the 200 SMA. Now I mean a fricking springboard bounce, and that is a completely different animal, wouldnt you say my friend.
Have you looked at other similar "springboard" bounces? News in the same state as now?

Tough to call...and play!
  • #487,593
  • Jul 12, 2011 8:03pm Jul 12, 2011 8:03pm
Quoting tornado11
A Daily Pinbar yes, but a pinbar bouncing off the 200 SMA. Now I mean a fricking springboard bounce, and that is a completely different animal, wouldnt you say my friend.
One thing I want to make note of here, is that you bought off of the cross of the stochastic on an incomplete bar. That would be looking good if that bull candle closed today.

London could drop this straight down and uncross your stoch by tomorrow.

Got the right idea, but just ahead by 1 day. Safer trade is to let candle close first then set your orders. Once you see what the stoch poorly shows you, you'll get rid of that indicator.

I use to use that sucker myself, tended to favor the 8,5,5 setup. Lots of whipsaws but maintains a decent edge on the 4h and Daily charts.
  • #487,594
  • Jul 12, 2011 8:04pm Jul 12, 2011 8:04pm
Quoting Venice
Are you running through an emulator? I am running Ubuntu and have MT4 running through WINE... gets a little screwy sometimes.
i just had to delete some..i can reach it now.
those who can, do. those who cant, talk about those who can
  • #487,595
  • Jul 12, 2011 8:05pm Jul 12, 2011 8:05pm
Totally understood my man, I was just pointing out that a pin off the 200 is a more likely to bounce than just a pure pin. Got to remember, if you really, really really want to get technical, the long term trend is still up! See chart.

Quoting kenfen69
Have you looked at other similar "springboard" bounces? News in the same state as now?

Tough to call...and play!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 39 KB
  • #487,596
  • Jul 12, 2011 8:05pm Jul 12, 2011 8:05pm
hehe, BE+1 here as well.

Stupid super trend indicator is in the way of letting this drop farther.

Ken, do you ever fancy the 15m or is it too slow for you?
  • #487,597
  • Jul 12, 2011 8:07pm Jul 12, 2011 8:07pm
Understood again, but I have a sell alert at 3820 in that event


Quoting Venice
One thing I want to make note of here, is that you bought off of the cross of the stochastic on an incomplete bar. That would be looking good if that bull candle closed today.

London could drop this straight down and uncross your stoch by tomorrow.

Got the right idea, but just ahead by 1 day. Safer trade is to let candle close first then set your orders. Once you see what the stoch poorly shows you, you'll get rid of that indicator.

I use to use that sucker myself, tended to favor the 8,5,5 setup. Lots of whipsaws but maintains a decent...
  • #487,598
  • Jul 12, 2011 8:08pm Jul 12, 2011 8:08pm
Quoting tornado11
Totally understood my man, I was just pointing out that a pin off the 200 is a more likely to bounce than just a pure pin. Got to remember, if you really, really really want to get technical, the long term trend is still up! See chart.
depends where you start. 2008 till today is down with 2 failed highs after.
those who can, do. those who cant, talk about those who can
  • #487,599
  • Jul 12, 2011 8:09pm Jul 12, 2011 8:09pm
Quoting gatorinla
i just had to delete some..i can reach it now.
Did you try what I said Gator?
  • #487,600
  • Jul 12, 2011 8:10pm Jul 12, 2011 8:10pm
There is only one way to use these indys and that is Daily or higher. They are pure loser material on the lower time frames. I use it in combination with a 4hr MACD. Works pretty good.


Quoting Venice
One thing I want to make note of here, is that you bought off of the cross of the stochastic on an incomplete bar. That would be looking good if that bull candle closed today.

London could drop this straight down and uncross your stoch by tomorrow.

Got the right idea, but just ahead by 1 day. Safer trade is to let candle close first then set your orders. Once you see what the stoch poorly shows you, you'll get rid of that indicator.

I use to use that sucker myself, tended to favor the 8,5,5 setup. Lots of whipsaws but maintains a decent...
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