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Trading Price Pivots

  • #461
  • Jul 13, 2011 5:28am Jul 13, 2011 5:28am
A very good looking formation coming up off 30m chart... in less than 4 min
Attached Image (click to enlarge)
Click to Enlarge Name: eu-s-ppm-30min.gif Size: 33 KB
  • #462
  • Jul 13, 2011 5:44am Jul 13, 2011 5:44am
Myself I cannot see any trades. I only monitoring gbpjpy long, but I feel she is
not ready to dance. (Let me know if you are interested in the charts and I will post them)

IB
  • #463
  • Jul 13, 2011 5:45am Jul 13, 2011 5:45am
Quoting porfirio
hi chantab

I do not think that the euro recovers

in the monthly chart also begins to fall
Yeah well whatever it does we should follow it... I for one should stop wanting to see future events and just focus and the now and here otherwise mind clutter is what I’ll get... a very wise man once told me that there is no elevator to success, one has to take the staircase
  • #464
  • Jul 13, 2011 5:53am Jul 13, 2011 5:53am
Quoting il brigante
Stopped out in audusd, made 65 pips, I was risking 43. 1.45 % return of my capital.
Quoting il brigante
My first trade of the week, no bad, I was hoping for more, but we can only make what the market is willing to give.
IB
Quoting il brigante
Good entry, by now you should already have gained you risk.
Quoting il brigante
IB
Nice return IB on AU… I closed out UC for 120pips; just don’t like how it’s been stuck since the beginning of the day.
  • #465
  • Jul 13, 2011 6:54am Jul 13, 2011 6:54am
Quoting Chantalb




Nice return IB on AU… I closed out UC for 120pips; just don’t like how it’s been stuck since the beginning of the day.
Good one, Chantalb. Your entry on the 30m tf worked very well.

IB
  • #466
  • Jul 13, 2011 7:50am Jul 13, 2011 7:50am
GBP-USD ... D1-H1 (or M30)...BUY... A FEW HOURS
  • #467
  • Jul 13, 2011 8:26am Jul 13, 2011 8:26am
Quoting Chantalb
Possible short entry based on monthly PP and confluence with round #, PPZ and fib
EDIT: Took it off this 5min chart based on PA and after the bearish engulfing/twin formation. Haven't figured out a stop for it yet...
Closed out for app 33 pips... Long entry looks better after the dust of Mr. Bernanke settles... especially that we bounced of 23% of yesterday low/today high & 50% of the current daily range.
Let’s see what happens…
  • #468
  • Jul 13, 2011 12:51pm Jul 13, 2011 12:51pm
e-u .. buy a few time(d1-m30)

g-u... buy 3 or 4 hours ago (d1-m30)

Tomorrow I will put the graphic ... today will not let me download
  • #469
  • Jul 13, 2011 6:10pm Jul 13, 2011 6:10pm
[quote=Chantalb;4772265][font=Calibri][size=3]I am not sure whether I am really seeing this or I am form fitting it. But here goes, please be patient as I am posting 6 charts… They are self explanatory except for the green hi

You were right about eurusd, and think the reason was because they were dumping the usd because Obama connot reach a deal with congress, nothing to do with TA.

IB
  • #470
  • Jul 14, 2011 2:06am Jul 14, 2011 2:06am
G.U .... D1-M30.... divergence d1 and doji
Attached Image (click to enlarge)
Click to Enlarge Name: g-d d1-m30.gif Size: 38 KB
  • #471
  • Jul 14, 2011 3:14am Jul 14, 2011 3:14am
Quoting porfirio
G.U .... D1-M30.... divergence d1 and doji
Well done porfirio
  • #472
  • Jul 14, 2011 3:43am Jul 14, 2011 3:43am
Indeed thank you, friend
  • #473
  • Jul 14, 2011 4:57am Jul 14, 2011 4:57am
With latest news form Japan and the translation of this news on chart as a fast up move ... went long from 79.10 ... as we got on the 1h chart nice setup to go long ... my question is do you think we are on a perfect entry to go long and hold it for few months ... ???
Forex
  • #474
  • Jul 14, 2011 1:32pm Jul 14, 2011 1:32pm
Quoting Prochartist
With latest news form Japan and the translation of this news on chart as a fast up move ... went long from 79.10 ... as we got on the 1h chart nice setup to go long ... my question is do you think we are on a perfect entry to go long and hold it for few months ... ???
Well that depends on whether there will be a third round of QE. Two scenarios come into play:
1- Yay : would be bad for the USD because it would require printing more $ and thus making the currency less valuable. So that would be a short on for e.g. USDJPY and a long on EURUSD…
2- Nay: would play out into your long position on UJ i.e. Good for USD…
And don’t forget about the upcoming elections in the US, that is also something you should look into to find out whether a strong or weak $ is required. But hey what do I know, in the end they will do what they want.
Cheers
  • #475
  • Jul 15, 2011 4:42pm Jul 15, 2011 4:42pm
Kept my usdjpy open during the weekend, i have a feeling Japanese will push it up no matter what as it's a matter of life or death for the Japanese economy ... hope it will go my way ... my final stop lose is 77,55 ...

Thanks Chantal for sharing your view about what's going on ... you are the best in Forex.

Cheers


Quoting Chantalb
Well that depends on whether there will be a third round of QE. Two scenarios come into play:
1- Yay : would be bad for the USD because it would require printing more $ and thus making the currency less valuable. So that would be a short on for e.g. USDJPY and a long on EURUSD…
2- [font=Calibri][size=3]Nay: would play out into your long position on UJ...
Forex
  • #476
  • Jul 17, 2011 5:20pm Jul 17, 2011 5:20pm
u-j.... d1-m30
Attached Image (click to enlarge)
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  • #477
  • Jul 17, 2011 8:41pm Jul 17, 2011 8:41pm
EUR/USD D1

Sry I don't know how to draw on these charts or even paste it directly. Took the trade on the retracement of the 61.8 fib. Up around 120+ pips right now. Will let it ride and see if I can TP around the support of the Weekly and look for a PL there.

Regards,
Fly
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  • #478
  • Jul 17, 2011 8:57pm Jul 17, 2011 8:57pm
Looks like support on the D1 just turned into resistance and should be looking for a short. I was waiting to see if it would hit at least the 50.0 fib and look for a PH there. Any thoughts?

Regards,
Fly
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  • #479
  • Jul 17, 2011 9:15pm Jul 17, 2011 9:15pm
Took a long on 7/15 based on the PL of 7/13 and got stopped 10 pips below PL (-119 pips). Any thoughts if that was just a very bad trade to take or did it just not go my way.

Regards,
Fly
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  • #480
  • Jul 18, 2011 1:18pm Jul 18, 2011 1:18pm
Your setups were all nicely based on the concept of this method. However, with all the major fundamentals in play since last week, we all should be very cautious. What comes in here is risk aversion VS risk appetite. In times of risk aversion safe havens are where all the money goes to. So for example Fly, avoid selling CHF cause this is where people tend to run to. I will not take any trades as long as this whole mess isn't dealt with.
Trade safely,
CB
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