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  • #1,321
  • Aug 1, 2011 10:10am Aug 1, 2011 10:10am
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While I was away, I cast my rod and just missed my bite for my second trade of the new week. Oh well, you can't catch them all. My SL was 30 pips which you can't see on the chart. I was going for the double top on the weekly, daily and hourly...

T... Sooner than you thought
  • #1,322
  • Aug 1, 2011 11:17pm Aug 1, 2011 11:17pm
EU is targeting 4220 4280 then 4150 first. If all levels fail 3970 is on the horizon. 4150 is the crucial level which leads to 3970 then subsequently 3865.

To the upside levels are 4258(monthly pp) 4300( daily pp) 4330 4375( weekly pp).
  • #1,323
  • Edited 11:47pm Aug 1, 2011 11:32pm | Edited 11:47pm
Quoting T@rantula
EU is targeting 4220 4280 then 4150 first. If all levels fail 3970 is on the horizon. 4150 is the crucial level which leads to 3970 then subsequently 3865.

To the upside levels are 4258(monthly pp) 4300( daily pp) 4330 4375( weekly pp).
Agreed.
Goldman sachs posted words of caution that NFP might be even worse then last one. Risk off and flight to safe I reckon then.
So far my EW count works well.
End of this wave is @ 1.4161 min or @ 1.3982 max before any futher up move.

Green pips,
Seb
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  • #1,324
  • Aug 1, 2011 11:37pm Aug 1, 2011 11:37pm
Quoting Flynchenberg
Agreed.
Goldman sachs posted words of caution that NFP might be even worse then last one. Risk off and flight to safe I reckon then.
So far my EW count works well.
End of this wave is @ 1.4161 min or @ 1.3950 max before any futher up move.

Green pips,
Seb
that is what I reckon also. Now Im cautious waiting for intraday setups.
  • #1,325
  • Aug 1, 2011 11:57pm Aug 1, 2011 11:57pm
4220 failed 4150 target. I might consider a buy there if momentum is not too strong.

I was hoping for a retracement close to 4230 to re enter
  • #1,326
  • Edited 12:47am Aug 2, 2011 12:28am | Edited 12:47am
The market is extremly harmonic: H4 Bullish Gartley just pop out. Ideal level to buy is 1.4124-1.4130
Pattern would be invalid if price break through 1.4089 within next 2h I guess.

Seb

EDIT: Euro sell of across the board, most pairs have reached their daily ATR, so I would watch this developments very closley.
EDIT2: 9.40 we have a new daily LL. More downside? Gartley says buy.
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  • #1,327
  • Aug 2, 2011 1:10am Aug 2, 2011 1:10am
How to make effective use of trailing stops:

If u enter 5 timeframe, watch m15 and m30 for confirmation. Stops should be calculated by r:r and I will let u put it as you have learned so far ( above HH or LL or important pivots). Entries are made on RETRACEMENTS.5m is small TF thus it tends to TREND more often then bigger TFs. Target price is calculated according to trailing stops. Trailing stop should be 9 for m5 timeframe.



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  • #1,328
  • Aug 2, 2011 1:22am Aug 2, 2011 1:22am
Quoting T@rantula
4220 failed 4150 target. I might consider a buy there if momentum is not too strong.

I was hoping for a retracement close to 4230 to re enter
I'm long, but on the EUR/GBP, H1 hammer with anticipation of disappointing GBP construction PMI.

Entry 0.8716
SL 0.8694
TP1 0.8780
TP2 manual
Don't get mad, get even!
  • #1,329
  • Aug 2, 2011 1:25am Aug 2, 2011 1:25am
Great level, I had 1.4229...
I re-entered at 1.4219
Today's target is 1.412

Quoting T@rantula
4220 failed 4150 target. I might consider a buy there if momentum is not too strong.

I was hoping for a retracement close to 4230 to re enter
  • #1,330
  • Aug 2, 2011 1:26am Aug 2, 2011 1:26am
Quoting stulic
I'm long, but on the EUR/GBP, H1 hammer with anticipation of disappointing GBP construction PMI.

Entry 0.8716
SL 0.8694
TP1 0.8780
TP2 manual
Fingers crossed! GL!!
  • #1,331
  • Aug 2, 2011 1:28am Aug 2, 2011 1:28am
Quoting T@rantula
How to make effective use of trailing stops:

If u enter 5 timeframe, watch m15 and m30 for confirmation. Stops should be calculated by r:r and I will let u put it as you have learned so far ( above HH or LL or important pivots). Entries are made on RETRACEMENTS.5m is small TF thus it tends to TREND more often then bigger TFs. Target price is calculated according to trailing stops. Trailing stop should be 9 for m5 timeframe.



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Do you execute your trades with MT4? : p
Hero calls followed by margin calls...
  • #1,332
  • Aug 2, 2011 1:39am Aug 2, 2011 1:39am
Quoting T@rantula
Fingers crossed! GL!!
Nope, closed BE, saw no point holding onto it after better then expected data, was +18 but retraced back.

Next
Don't get mad, get even!
  • #1,333
  • Aug 2, 2011 1:40am Aug 2, 2011 1:40am
Quoting PhAnTi'
Do you execute your trades with MT4? : p
MT4 yes and Worldspreads. Different accounts; )
  • #1,334
  • Aug 2, 2011 1:45am Aug 2, 2011 1:45am
Quoting T@rantula
MT4 yes and Worldspreads. Different accounts; )
kk

wheres blackwidow and what about your challenge?

still looking forward

Jonas
Hero calls followed by margin calls...
  • #1,335
  • Aug 2, 2011 1:58am Aug 2, 2011 1:58am
Quoting PhAnTi'
kk

wheres blackwidow and what about your challenge?

still looking forward

Jonas
Black Widow is currently unavailable as he went off to make some business contracts and vacation.

It is still an option but it depends whether he gets the account.

Me and Fire fly are currently very busy
  • #1,336
  • Aug 2, 2011 2:01am Aug 2, 2011 2:01am
Quoting T@rantula
Black Widow is currently unavailable as he went off to make some business contracts and vacation.

It is still an option but it depends whether he gets the account.

Me and Fire fly are currently very busy
alright

thanks for the infos though
Hero calls followed by margin calls...
  • #1,337
  • Aug 2, 2011 2:07am Aug 2, 2011 2:07am
Quoting PhAnTi'
alright

thanks for the infos though
NP
  • #1,338
  • Aug 2, 2011 2:32am Aug 2, 2011 2:32am
Quoting T@rantula
How to make effective use of trailing stops:

If u enter 5 timeframe, watch m15 and m30 for confirmation. Stops should be calculated by r:r and I will let u put it as you have learned so far ( above HH or LL or important pivots). Entries are made on RETRACEMENTS.5m is small TF thus it tends to TREND more often then bigger TFs. Target price is calculated according to trailing stops. Trailing stop should be 9 for m5 timeframe.



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The power of trailing stops LIVE! London GMT time
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  • #1,339
  • Aug 2, 2011 2:49am Aug 2, 2011 2:49am
LIVE!

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  • #1,340
  • Aug 2, 2011 2:50am Aug 2, 2011 2:50am
This was 3 part FOREX HIGHLIGHTS - The power of trailing which works good in ranging and trending markets both.
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