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  • #10,801
  • Aug 30, 2011 9:56pm Aug 30, 2011 9:56pm
Quoting Fitness09
Dang, can we drop this stupid crap and get back to insulting the market instead?
F09

Anyone looking for a long on the AU if it crosses?
1. Major trend is up
2. Will be on 2nd candle
3. If the current candle keeps it's shape, will be engulfing the previous short candle
4. Will be off of the bounce of the 32 fib on the 1H
Although that looks like a good setup she is a slow old market today. IT would have to break the resistance just to the left too.
Attached Image (click to enlarge)
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  • #10,802
  • Aug 30, 2011 10:11pm Aug 30, 2011 10:11pm
I wonder if we are going to have as much action on this London open and we did yesterday? Debating whether or not to stay up. It'll be like 2 am for me.
  • #10,803
  • Aug 30, 2011 10:42pm Aug 30, 2011 10:42pm
Whats everyones thoughts on cable 4h is about to cross and there is a nice hook on it indicating a potential nice trade... also close to the daily pivot
  • #10,804
  • Aug 30, 2011 10:47pm Aug 30, 2011 10:47pm
Here is the chart
Attached Image (click to enlarge)
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  • #10,805
  • Aug 30, 2011 10:51pm Aug 30, 2011 10:51pm
thanks for the ATR help
  • #10,806
  • Aug 30, 2011 10:55pm Aug 30, 2011 10:55pm
Just entered this trade,

nice double top with TDI divergence, also a bounce off a previous resistance point around aug 8 and jul 26.

SL @ 35
TP 1 @ 35
move SL to BE @ 35
TP 2 @ 70
Attached Image (click to enlarge)
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  • #10,807
  • Aug 30, 2011 10:58pm Aug 30, 2011 10:58pm
Quoting spitfire852
Whats everyones thoughts on cable 4h is about to cross and there is a nice hook on it indicating a potential nice trade... also close to the daily pivot
I like that a lot, ill be getting in on that if the the current candle shows a bit more strength. it will be a 3rd candle cross for me but i dont mind as it is a double bottom with divergence and the first candle is pretty much a doji
  • #10,808
  • Aug 30, 2011 11:04pm Aug 30, 2011 11:04pm
Quoting 33drifter
I like that a lot, ill be getting in on that if the the current candle shows a bit more strength. it will be a 3rd candle cross for me but i dont mind as it is a double bottom with divergence and the first candle is pretty much a doji
would you just be looking for a engulfing candle to enter?
  • #10,809
  • Aug 30, 2011 11:06pm Aug 30, 2011 11:06pm
I noticed both of those, but didn't take either.

Will keep my eye on the GU for a short though.
  • #10,810
  • Aug 30, 2011 11:19pm Aug 30, 2011 11:19pm
Quoting 33drifter
Just entered this trade,

nice double top with TDI divergence, also a bounce off a previous resistance point around aug 8 and jul 26.

SL @ 35
TP 1 @ 35
move SL to BE @ 35
TP 2 @ 70
Waiting for movement on M30
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp m30 8-30.gif Size: 27 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #10,811
  • Aug 30, 2011 11:32pm Aug 30, 2011 11:32pm
Quoting 33drifter
I like that a lot, ill be getting in on that if the the current candle shows a bit more strength. it will be a 3rd candle cross for me but i dont mind as it is a double bottom with divergence and the first candle is pretty much a doji
Hey drift. I am not criticising....I havent had much to do with patterns, but from my understanding a double bottom is a bounce off the same spot correct?? so I dont see how you are seeing a double bottom with this??
Attached Image (click to enlarge)
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  • #10,812
  • Aug 30, 2011 11:45pm Aug 30, 2011 11:45pm
Quoting dean
Hey drift. I am not criticising....I havent had much to do with patterns, but from my understanding a double bottom is a bounce off the same spot correct?? so I dont see how you are seeing a double bottom with this??

Sorry dean your 100% correct, its not a text book double, although its pretty close. really its a higher low, but not by much. its some where in the middle, the point is it failed to break the previous low. what ever its called it looks good to me.
  • #10,813
  • Aug 30, 2011 11:47pm Aug 30, 2011 11:47pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting dean
Mate get off your high horse. The guy you are refering to had a viable question and you basically told him he was lazy. HE was basically asking why BigE had omitted a trade from the training chart he posted and if he wouldnt mind posting some live charts as he traded them. BigE made sure everybody felt comfortable asking questions about things they dont or cant understand so before you go attacking people for being lazy, read the questions they have submitted and remember you also had to learn.......I have no tolerance for people asking questions...
So thats how the FF censorship works??
They remove all my post replies to your flame thrower but leave your flames up.
I should have expected as much.
He who wanders, never gets lost. No good deed goes unpunished.
  • #10,814
  • Aug 31, 2011 12:09am Aug 31, 2011 12:09am
Quoting spitfire852
would you just be looking for a engulfing candle to enter?

not so much an engulfing candle, i dont really know how to trade them. also APB candles are different, so you cant always use regular candle stick stratergies.

have a look at the M5 chart, you dont want to get involved in that unless it has broken the range (which it looks like its about to do)
Attached Image (click to enlarge)
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  • #10,815
  • Aug 31, 2011 12:22am Aug 31, 2011 12:22am
Quoting GT_Pips
So thats how the FF censorship works??
They remove all my post replies to your flame thrower but leave your flames up.
I should have expected as much.
I think they might have ya on ignore, chief. Whatever, lets just get to trading.
  • #10,816
  • Aug 31, 2011 12:29am Aug 31, 2011 12:29am
Quoting GT_Pips
So thats how the FF censorship works??
They remove all my post replies to your flame thrower but leave your flames up.
I should have expected as much.
http://t1.gstatic.com/images?q=tbn:A...OXOfLXuFBVInVQ
WE ARE TRADING
REGARDS........ SHERIFF
  • #10,817
  • Edited 2:29am Aug 31, 2011 1:16am | Edited 2:29am
Quoting 33drifter
I like that a lot, ill be getting in on that if the the current candle shows a bit more strength. it will be a 3rd candle cross for me but i dont mind as it is a double bottom with divergence and the first candle is pretty much a doji
I've been long on cable since last night (UK time) but it's been wallowing through Asian session so perhaps a move into London open. Monitoring closely though. It could go either way at the moment. That 1.6250(ish) area is a really important level. Yes, as Dean pointed out, it did punch through it on the 26th but pulled back very quickly.
  • #10,818
  • Aug 31, 2011 1:21am Aug 31, 2011 1:21am
Quoting sbnelson2005
Is anyone trading Big E's method on the daily TF?
Yes, I'm trading it on demo. The last trade I took was a sell of CHF/JPY on 12 August (sell 101.17, S/L 108.00, close 97.44) which did very well. I haven't seen anything since but I'm probably pickier and take less trades than a strict application of the method.

If anyone else is trading the daily feel free to PM me or post in the thread
  • #10,819
  • Aug 31, 2011 1:33am Aug 31, 2011 1:33am
Quoting dean
Hey drift. I am not criticising....I havent had much to do with patterns, but from my understanding a double bottom is a bounce off the same spot correct?? so I dont see how you are seeing a double bottom with this??
Personally I do see that as a DB. Patterns are not always formed perfectly!
  • #10,820
  • Aug 31, 2011 2:25am Aug 31, 2011 2:25am
Quoting mogulmedia
Personally I do see that as a DB. Patterns are not always formed perfectly!
As I said, I wasnt criticising, I havent had much experience with them, but that left candle is 50 pips below the right one....thats hardly close...so why is this a double bottom???
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