eur/nzd almost at 6h target, watch for 8h next
- #6,522
- Jul 21, 2011 4:07pm Jul 21, 2011 4:07pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
[center] 
Dan
Learn to Finonate.
Fibonacc is some kind of wizard!
Dan
- #6,523
- Jul 21, 2011 4:18pm Jul 21, 2011 4:18pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
This guy looks like you
, US Session is something man,they put Sniper to sleep and Baaaaaam
, US Session is something man,they put Sniper to sleep and Baaaaaam
Learn to Finonate.
Fibonacc is some kind of wizard!
Attachment
Attachment
Dan
- #6,524
- Jul 21, 2011 5:07pm Jul 21, 2011 5:07pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
Did we get the count today or the army still testing, testing
- #6,525
- Jul 21, 2011 5:28pm Jul 21, 2011 5:28pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
LOl the count just came out, easy pipping and hot dog, with Camarilla having a blast counting, they having Sushi for dinner, I am going to have KIWI cheese for dinner.
Did we get the count today or the army still testing, testing
Attachment
They stop me out 60 pips on the down move ( silly me) then I get 65 back on the up move... BUT... I left 40 pips on the table... I cannot trade this pair with new broker much as it has 11 pip spread...CRAZY Co-Co heads....
eur/nzd almost at 6h target, watch for 8h next
I sleep between 2am and 8am now and NO MORE... I see man but I dont need to baby sit all day as I trade a plan now ALOT of the time. I trade mosly the direction with the move..Set It and Forget it..
Less Strees that way. Patience is easy now...
Less Strees that way. Patience is easy now... - #6,528
- Jul 21, 2011 5:54pm Jul 21, 2011 5:54pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
[center]They stop me out 60 pips on the down move ( silly me) then I get 65 back on the up move... BUT... I left 40 pips on the table... I cannot trade this pair with new broker much as it has 11 pip spread...CRAZY Co-Co heads....
- #6,529
- Jul 21, 2011 6:15pm Jul 21, 2011 6:15pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/USD
As Mme has said, we lock profits a few pips before we complete the full target (don't get greedy). The Eur/USD had come up within 20 pips on an almost 600 pip swing (in the 4hr). There were several entries along the way and many of them were posted in this thread. I hope some people made some pips!
Where do we sit now? We have completed another full extension target 2 (2.618) and we sit as high as a previous monthly resistance. What do we do now? We wait! We wait for direction. As we said, we are at Monthly resistance, at the end of a complete swing, and hitting the top of a trend line.
Is it going to respect all this resistance? Is it going to break through? I don't know, but whichever way it goes it's going to have to prove to me that it is moving in that direction before I get in.
Dan
- #6,530
- Jul 21, 2011 7:02pm Jul 21, 2011 7:02pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
EUR/CHF - what I'm seeing
Remember this thread on EUR/CHF, posted before Sundays open?
When Sunday opened we had completed the full 2.618 swing with the gap. After we complete a swing, remember that the market needs time to breath and may consolidate or retrace. WE WAIT!
When using the fib exp. tools you wait for a good open past the 61.8. If this happens you are must likely going toward target one/100% (actually 1.618). If there is an open passed the 100% you are likely going toward target 2 to complete the full swing. When taking trades you use this WITH good support and resistance. You can lock profits as you go up using weekly levels. Respect larger time frame support/resistance, like monthly and larger.
Look at the 240 chart posted at the beginning of the week this thread again. Price went down near the 61.8 of the small 240 swing, but it didn't go passed it (remember this is when the Monthly swing was complete), we can expect retracement here! In retracement we often go to the 100% of the previous swing (1.789). Once the upswing started we posted that in the thread as well. The full 2.618 target 2 was 1.802, with 1.803 Monthly resistance nearby.
We hit target 2 going up in the retracement after hitting the 2.618 in of the Monthly candle swing downswing. All in all, over 400 pips of retracement.
What do we do now that the retracement swing is done? We wait!
Dan
- #6,531
- Jul 21, 2011 7:27pm Jul 21, 2011 7:27pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
lOOOOOOOOOOOOOOOOOOK AT THE OIL 2H
- #6,533
- Jul 21, 2011 7:38pm Jul 21, 2011 7:38pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
ARE YOU GOING TO DRIVE HOME TODAY AGAIN
Mme, I called it in the trade room! When I am driving home, get ready for some moves!
LOL, like clock work
Dan
- #6,534
- Jul 21, 2011 7:43pm Jul 21, 2011 7:43pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
ARE YOU GOING TO DRIVE HOME TODAY AGAIN
- #6,535
- Jul 21, 2011 7:45pm Jul 21, 2011 7:45pm
- | Joined Sep 2010 | Status: Trader | 1,892 Posts
USD/JPY
It broke past the lows, but we didn't get an open underneath the 61.8 (78.5432). We are holding in the USD/JPY, waiting for direction.
Dan
- #6,536
- Jul 21, 2011 8:03pm Jul 21, 2011 8:03pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
ej is coming on some heavy resistance
- #6,537
- Jul 21, 2011 8:09pm Jul 21, 2011 8:09pm
- | Commercial User | Joined Jan 2010 | 5,509 Posts
EJ 4H
