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  • #1,001
  • Jul 20, 2011 11:23pm Jul 20, 2011 11:23pm
Quoting trader8080
did anyone take this ?

I missed it by 10 pips

Happy Pips to anyone who took

http://content.screencast.com/users/...1-19.07.21.png
Price didnt reach the level , I still have pending limit there.
  • #1,002
  • Jul 21, 2011 2:19am Jul 21, 2011 2:19am
Quoting alter
Price didnt reach the level , I still have pending limit there.
I would say that trade has been done. I know a handful of people that had that.
  • #1,003
  • Jul 21, 2011 2:20am Jul 21, 2011 2:20am
Quoting cprao
Visa - Buy at Resistance trade around 80.. TP can be 90. Sl can be under 75.
You and Pat are keeping us nicely informed of all the stock plays.

Some beautiful levels there and your charts are much appreciated! Thank you :-)
  • #1,004
  • Jul 21, 2011 3:04am Jul 21, 2011 3:04am
SPF with MACD divergence on cable.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 25 KB


pat
  • #1,005
  • Edited 3:56am Jul 21, 2011 3:30am | Edited 3:56am
Hi Wizard,
I have a general question. You mentioned in your earlier post that you are waiting for a rounded retest on Silver.
It has found support on a higher level (yellow rectangle) in this case.
Would you take a touch trade on the double top if it gets there in the future?
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  • #1,006
  • Jul 21, 2011 4:07am Jul 21, 2011 4:07am
Quoting mihali
Hi Wizard,
I have a general question. You mentioned in your earlier post that you are waiting for a rounded retest on Silver.
It has found support on a higher level (yellow rectangle) in this case.
Would you take a touch trade on the double top if it gets there in the future?
No, I never try to sell a former high on a touch because that is pre-empting that there will be a resistance there. I am only interested in acting on confirmed levels.

The exception to this is if we get swing failure. If you see that at the former top in Silver then you can start looking for shorts.
  • #1,007
  • Jul 21, 2011 4:16am Jul 21, 2011 4:16am
Quoting the_wizard
No, I never try to sell a former high on a touch
Sorry, I think I have not write it clear.
I meant the double high, the lower horizontal line.
  • #1,008
  • Jul 21, 2011 4:29am Jul 21, 2011 4:29am
missed this long on bund for a few pips, at 127.55

Nice level at 128.28, gap level+resistance. I'm not going short there because stock indexes at daily resistance
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jul. 21 11.25.jpg Size: 44 KB
  • #1,009
  • Jul 21, 2011 4:37am Jul 21, 2011 4:37am
Tom, what do you do when you have a limit buy on a nice support and price reach it fast with a big red candle? Do you think that it's risky because of strong selling?
  • #1,010
  • Jul 21, 2011 4:53am Jul 21, 2011 4:53am
Quoting canados
missed this long on bund for a few pips, at 127.55

Nice level at 128.28, gap level+resistance. I'm not going short there because stock indexes at daily resistance
Wow you guys just want all the same trades I do! I was bidding at 51s in that Bund. Nice trade Canados. Shame it went without us.
  • #1,011
  • Jul 21, 2011 4:55am Jul 21, 2011 4:55am
Quoting canados
Tom, what do you do when you have a limit buy on a nice support and price reach it fast with a big red candle? Do you think that it's risky because of strong selling?
I love acceleration into my level but I want the market to have been moving that way for several H1 candles in a row. I don't like trading the first H1 bar that is accelerating out of a sideways congestion.
  • #1,012
  • Jul 21, 2011 4:57am Jul 21, 2011 4:57am
Morning guys.

SFP on E/U at nice level with ATR confluence and BEOB continuation forming. Did'nt take it, just praticing looking for SFP with level/ATR confluences at the mo.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu sfp 4hr.gif Size: 18 KB
Click to Enlarge Name: eu sfp 1hr.gif Size: 18 KB
  • #1,013
  • Jul 21, 2011 5:01am Jul 21, 2011 5:01am
Quoting the_wizard
I love acceleration into my level but I want the market to have been moving that way for several H1 candles in a row. I don't like trading the first H1 bar that is accelerating out of a sideways congestion.
ok!
When trading bund, do you pay attention to its correlation with stock indexes?
  • #1,014
  • Jul 21, 2011 5:29am Jul 21, 2011 5:29am
Quoting Malarky
Morning guys.

SFP on E/U at nice level with ATR confluence and BEOB continuation forming. Did'nt take it, just praticing looking for SFP with level/ATR confluences at the mo.
hi malarky, could you post this daily range indicator?

thanks
  • #1,015
  • Edited 5:59am Jul 21, 2011 5:47am | Edited 5:59am
Quoting trader3000
hi malarky, could you post this daily range indicator?

thanks
Hi Trader3000

No problem - here it is.

Cheers
Attached File(s)
File Type: rar ATRprojections.rar   6 KB | 407 downloads
  • #1,016
  • Jul 21, 2011 6:21am Jul 21, 2011 6:21am
Quoting Malarky
Hi Trader3000

No problem - here it is.

Cheers
thanks, man
  • #1,017
  • Jul 21, 2011 8:20am Jul 21, 2011 8:20am
You've made quite a bit of protegés

Quoting the_wizard
Wow you guys just want all the same trades I do! I was bidding at 51s in that Bund. Nice trade Canados. Shame it went without us.
  • #1,018
  • Jul 21, 2011 8:29am Jul 21, 2011 8:29am
Quoting Malarky
Morning guys.

SFP on E/U at nice level with ATR confluence and BEOB continuation forming. Did'nt take it, just praticing looking for SFP with level/ATR confluences at the mo.
Good Trade. How are you using ATR lelvels to your trade ? Can you please explain a little bit here ?
  • #1,019
  • Edited 9:42am Jul 21, 2011 9:38am | Edited 9:42am
Quoting cprao
Good Trade. How are you using ATR lelvels to your trade ? Can you please explain a little bit here ?
Hi Cprao

I just use this as an extra confluence for my levels.

So if my level on the daily chart pretty much lines up with the ATR top or bottom when I switch to the hourly, it adds more weight for me that we will get a reaction (bounce or B/T and rounded r/test) at the level.

It's just another layer of confluence for me.

Hope this helps.

Cheers
  • #1,020
  • Jul 21, 2011 9:46am Jul 21, 2011 9:46am
Quoting Malarky
Hi Cprao

I just use this as an extra confluence for my levels.

So if my level on the daily chart pretty much lines up with the ATR top or bottom when I switch to the hourly, it adds more weight for me that we will get a reaction (bounce or B/T and rounded r/test) at the level.

It's just another layer of confluence for me.

Hope this helps.

Cheers
Heres an example.

Not the greatest level but hopefully you get what I mean.

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj daily.gif Size: 16 KB
Click to Enlarge Name: uj 1hr.gif Size: 16 KB
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