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  • #2,161
  • Aug 23, 2011 5:32am Aug 23, 2011 5:32am
Bearish Butterfly on M30.
Price might drop to grey rectangle zone with downward extension to 50 or 61 Fib level.
Short @ 1.4480
SL. 1.4500
TP: 1.4444

Cheers,
Seb
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  • #2,162
  • Aug 23, 2011 6:04am Aug 23, 2011 6:04am
Quoting Flynchenberg
GBPUSD
Short @ 1.6570 due to bearish H&S pattern on M30, H1. H4.
TP:1.6470
SL: BE


Seb
Good entry but apart from taking partial profits, I'd move TP at least 10 pips above 6470 which has been rejected many times.
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Don't get mad, get even!
  • #2,163
  • Aug 23, 2011 6:16am Aug 23, 2011 6:16am
Nice double test rejected on M5 too.
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Don't get mad, get even!
  • #2,164
  • Aug 23, 2011 6:28am Aug 23, 2011 6:28am
EURCHF Bearish Butterfly on H1 and H4 with two levels to short:
1. Pending sell limit @ 1.1450 SL @ 1.1460
2. Pending sell limit @ 1.1500 SL @ 1.1520.

Althrougth Butterfly level is 1.1485 I see that 1.1500 is magnet price and 1.1520 to 1.1560 is supply area so price might penetrate this level before going down ( or up). Better R/R.

Cheers,
Seb
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  • #2,165
  • Aug 23, 2011 3:23pm Aug 23, 2011 3:23pm
Quoting mercy seat
Triangle config in one hour chart ...

Weekly Trend still upside favoured ...

Breakout pattern ...



;-|

Time for a little RECAP :


http://www.forexfactory.com/attachme...8&d=1314071443


As expected we saw a little breakout attempt ...

A little one ...

Random test at above 1.4474 has been done ...

And afterwards a text-book example of a re-test of that breakout triangle pattern from the upper side ...

All eyes on daily closing now ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-23_22h10_ EURUSD _ min060 _ (200) candle + TL + MA.PNG Size: 37 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,166
  • Aug 23, 2011 3:54pm Aug 23, 2011 3:54pm
This TABLE is from 23 hours ago ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-23_00h00 - ZigZag + Pivot Survey _ EURUSD _ REOPEN _ W-34.PNG Size: 126 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,167
  • Aug 23, 2011 4:49pm Aug 23, 2011 4:49pm
Quoting mercy seat
This TABLE is from 23 hours ago ...

http://www.forexfactory.com/attachme...3&d=1314132826


;-|

And this one is a TABLE with latest updates ...

A fresh survey of strategy for the trading sessions ahead ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-23_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-34.PNG Size: 126 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,168
  • Aug 23, 2011 5:45pm Aug 23, 2011 5:45pm
Quoting mercy seat
Time for a little RECAP :


http://www.forexfactory.com/attachme...8&d=1314071443


As expected we saw a little breakout attempt ...

A little one ...

Random test at above 1.4474 has been done ...

And afterwards a text-book example of a re-test of that breakout triangle pattern from the upper side ...

All eyes on daily closing now ...



;-|

Triangle pattern is past and done ... not that big relevance anymore ...

Over and done ...

Now it has become this channel (between red and green dotted lines) at first ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-24_00h39_ EURUSD _ min060 _ (200) candle + TL + MA.PNG Size: 38 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,169
  • Aug 23, 2011 8:08pm Aug 23, 2011 8:08pm
Quoting mercy seat
Yes ... during Asian session only small things ...

Major business is starting in Asian - European Overlap Zone ... which is starting 1-2 hours prior to opening European Trading Floors ...

Only in case of some deeper cuts I will use it as an buying opportunity ...

Still have some small things on board since last dip prior to rollover ... long from 1.4408 ...

Will add some limit orders while having some rest during the "overnight" sessions ...

I will place them around 1.4395 (ten times amount of running positions) ... and some at around...

Moreover I do recommend to read such useful written thoughts of T@ra from time to time ...

It is a kind of reminder ... how to place some stops ... and how to make the run at the sunny side of the road ...

LINK:

http://www.forexfactory.com/showthre...GY#post4879290

Here it is ... see above ...

Never use too tight stop loss ... to avoid being stopped out when your overall strategy keeps on being valid ...

Learn that guys ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-24_03h06_ EURUSD _ min010 _ (120) candle + Pivots + MA.PNG Size: 38 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,170
  • Aug 24, 2011 1:45am Aug 24, 2011 1:45am
Quoting Flynchenberg
GBPUSD
Short @ 1.6570 due to bearish H&S pattern on M30, H1. H4.
TP:1.6470
SL: BE


Seb
Are you still holding onto this one or did you close with 90+?
Like I said 6470 is a big one for a TP, lowest was 6476 tho.
Don't get mad, get even!
  • #2,171
  • Aug 24, 2011 2:17am Aug 24, 2011 2:17am
Quoting stulic
Are you still holding onto this one or did you close with 90+?
Like I said 6470 is a big one for a TP, lowest was 6476 tho.
I'm still in trade mate SL=BE, waiting for my level 1.6470 or lower as long as the red line is not taken out...


Seb
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  • #2,172
  • Aug 24, 2011 2:42am Aug 24, 2011 2:42am
Quoting Flynchenberg
I'm still in trade mate SL=BE, waiting for my level 1.6470 or lower as long as the red line is not taken out...


Seb
Good luck, being tested again, I reckon if broken it'll definitely go lower, opens up the road to 6375.
Don't get mad, get even!
  • #2,173
  • Aug 24, 2011 3:32am Aug 24, 2011 3:32am
Looked like a typical weak stop hunt rally on bad news.
I'm trying a short at 4446,
SL 4466
TP 4320
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Don't get mad, get even!
  • #2,174
  • Aug 24, 2011 4:07am Aug 24, 2011 4:07am
Stopped out.
Don't get mad, get even!
  • #2,175
  • Aug 24, 2011 4:30am Aug 24, 2011 4:30am
Quoting stulic
Stopped out.
You might have a look above 1,45375 to get a nice short.
  • #2,176
  • Aug 24, 2011 4:45am Aug 24, 2011 4:45am
Quoting FX-Ray
You might have a look above 1,45375 to get a nice short.
I don't think 4500 will be crossed today or anytime this week, capped by a 7 week TL.
Bernanke is holding a speech after weeks close and I wouldn't carry any big orders over the weekend, but it is going to be the market mover for weeks to come, definitely not some to-the-tick precise levels. Forex doesn't work like that.
Don't get mad, get even!
  • #2,177
  • Aug 24, 2011 4:46am Aug 24, 2011 4:46am
Quoting stulic
I don't think 4500 will be crossed today or anytime this week, capped by a 7 week TL.
Bernanke is holding a speech after weeks close and I wouldn't carry any big orders over the weekend, but it is going to be the market mover for weeks to come, definitely not some to-the-tick precise levels. Forex doesn't work like that.
Thats why I said "above"
  • #2,178
  • Aug 24, 2011 4:54am Aug 24, 2011 4:54am
Yes ... thank you very much ...

Everything has been talked about ...

And we were long from 1.4408 and later from 1.4393 - 1.43834 area ...

Now we played it A REVERSO from 1.4469 ...

Covered some again ...

We are always active ... just the way as described a few hours ago ...

http://www.forexfactory.com/attachme...5&d=1314136016

As calculated more than 12 hours ago ...

Random highs (as shown) are easily possible too ...

We are prepaired for that ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,179
  • Edited 8:19am Aug 24, 2011 7:08am | Edited 8:19am
Quoting Flynchenberg
I'm still in trade mate SL=BE, waiting for my level 1.6470 or lower as long as the red line is not taken out...


Seb
Out @ 1.6453
+117

Will sell back if the H1 close will be under neck line. I will sell neck line then.


CHeers,
Seb

EDIT: I should sit on my hands....
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  • #2,180
  • Aug 24, 2011 8:14am Aug 24, 2011 8:14am
Quoting mercy seat
Yes ... thank you very much ...

Everything has been talked about ...

And we were long from 1.4408 and later from 1.4393 - 1.43834 area ...

Now we played it A REVERSO from 1.4469 ...

Covered some again ...

We are always active ... just the way as described a few hours ago ...

http://www.forexfactory.com/attachme...5&d=1314136016

As calculated more than 12 hours ago ...

Random highs (as...

Re-entered at 1.44756 ...

Rest as in survey via limit orders ...

Must go now ... meeting looming ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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