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  • #1,681
  • Sep 5, 2011 2:16pm Sep 5, 2011 2:16pm
Quoting Gt3rs
I'm pretty sure we looked at Aussie for a nice long, but not the Kiwi.

In my opinion, the level is at 0.8365. But it is no good for a long as it was buttkissed soon after price broke above it.
I guess this is the KEY to remember. Any level is good for only one entry only. However rounded retest is better than buttkiss (just my opinion) since on rounded retest - FTA can be easily determined.
  • #1,682
  • Sep 5, 2011 2:21pm Sep 5, 2011 2:21pm
Quoting cprao
Comments ?
I wouldn't call that a SPF.

You do have a level or an area around 1.409 - 1.404 for sure but you dont have ONE real swing there.

I am personaly waiting for a break and retest if 1.404 on EUR/USD for shorts.

http://img3.imageshack.us/img3/933/d...2011201054.jpg
  • #1,683
  • Sep 5, 2011 4:09pm Sep 5, 2011 4:09pm
Quoting Gt3rs
I'm pretty sure we looked at Aussie for a nice long, but not the Kiwi.

In my opinion, the level is at 0.8365. But it is no good for a long as it was buttkissed soon after price broke above it.
You're right. I don't remember saying anything about the Kiwi so I was a bit confused when I saw the posts today about it but we did discuss the Aussie long at 1.0520 ;-)
  • #1,684
  • Sep 5, 2011 4:50pm Sep 5, 2011 4:50pm
First of all, a great call on that.

What I found very interesting was that I had my TP set at 5053, but within that same 1 minute candle it suddenly surged up to 5084. First thought was that I should have had to close it as a market order, but on the other side price could have also gone against me with the same momentum. I guess it had something to do it with the pretty thin markets as the US was on bank holiday.

Quoting the_wizard
You're right. I don't remember saying anything about the Kiwi so I was a bit confused when I saw the posts today about it but we did discuss the Aussie long at 1.0520 ;-)
  • #1,685
  • Sep 5, 2011 5:34pm Sep 5, 2011 5:34pm
Quoting the_wizard
You're right. I don't remember saying anything about the Kiwi so I was a bit confused when I saw the posts today about it but we did discuss the Aussie long at 1.0520 ;-)
My wrong. Heck that's what happens when you wake up 3 in the morning to attent webinars. You start seeing things. Must of thought we were looking at the kiwi while it was the Aussie.

There wasn't much of a reaction and we also had the previous buttkiss.

Cheers guys
  • #1,686
  • Sep 5, 2011 10:18pm Sep 5, 2011 10:18pm
Quoting Cze
I wouldn't call that a SPF.

You do have a level or an area around 1.409 - 1.404 for sure but you dont have ONE real swing there.

I am personaly waiting for a break and retest if 1.404 on EUR/USD for shorts.

http://img3.imageshack.us/img3/933/d...2011201054.jpg
I am not calling this as an SFP.. I was anticipating for an SFP or a break for a rounded retest ? At this time, price is still hanging over there.
  • #1,687
  • Sep 6, 2011 1:35am Sep 6, 2011 1:35am
SFP on cable D1 yesterday on my feed.

Also, a possibility of SFP on EurJpy D1 today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: swing failure cable.gif Size: 31 KB
Click to Enlarge Name: swing failure ej.gif Size: 26 KB
  • #1,688
  • Sep 6, 2011 3:21am Sep 6, 2011 3:21am
Take a look at the EURCHF weekly chart and check out what happened to those who took the weekly pin and then (as they always do) moved to breakeven.

Same shit. Different day.

Don't do it!
  • #1,689
  • Sep 6, 2011 3:33am Sep 6, 2011 3:33am
Is there a better definition of getting free money as when you bought EUR/CHF below 1,20 today?!
  • #1,690
  • Edited 6:37am Sep 6, 2011 5:40am | Edited 6:37am
If we can get another leg up on EUR/USD I am looking to seel it at 1.433

Support last. Now acts as Resistance...?!

http://img171.imageshack.us/img171/8880/57653704.png
  • #1,691
  • Sep 6, 2011 8:11am Sep 6, 2011 8:11am
Quoting Cze
Is there a better definition of getting free money as when you bought EUR/CHF below 1,20 today?!
LOL, long all the way, baby!
  • #1,692
  • Sep 6, 2011 10:14am Sep 6, 2011 10:14am
Two very interesting levels on the USD/CHF as well

http://img690.imageshack.us/img690/8163/uchf.png
  • #1,693
  • Edited 11:02am Sep 6, 2011 10:14am | Edited 11:02am
Afternoon Guys

Nice level in Silver using fibs and ATR confluence.

Rounded Re-test, resistance last, stops and FTA/ take profits using fibs.

47 pips with 30 pips stop gives 1.5 R

Too chicken to play the currencies today lol !!

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: silver h1 level.gif Size: 23 KB
  • #1,694
  • Sep 6, 2011 11:36am Sep 6, 2011 11:36am
I've been reading this journal for the past few days, and just wanted to thank you. That goes for not only Tom but other posters in this journal, for helping create some great educational material on a subject that's so complex and multifaceted.

I'm still trying to get through this thread, so I'm not sure if this has been addressed already, but do you guys have any tips on record keeping? I'm not sure what depths to go with it/how to go about it. If anyone has any tips or has a general record from Excel they don't mind uploading so I could use it as a template, I'd be hugely grateful.
  • #1,695
  • Sep 6, 2011 12:00pm Sep 6, 2011 12:00pm
Quoting Malarky
Afternoon Guys

Nice level in Silver using fibs and ATR confluence.

Rounded Re-test, resistance last, stops and FTA/ take profits using fibs.

47 pips with 30 pips stop gives 1.5 R

Too chicken to play the currencies today lol !!

Cheers
Nice trade!

pat
  • #1,696
  • Sep 6, 2011 12:20pm Sep 6, 2011 12:20pm
Quoting plund
Nice trade!

pat
Hi Pat

Thanks - glad I got out when I did, it dropped again pretty heavily - with things so volatile at the moment I am happy to be all in, and
then all out at the FTA !! - no holding trades for me just now (I am pretty rubbish at letting them run at the best of times lol !!)

Cheers

Gary
  • #1,697
  • Sep 6, 2011 12:22pm Sep 6, 2011 12:22pm
Quoting Malarky
Hi Pat

Thanks - glad I got out when I did, it dropped again pretty heavily - with things so volatile at the moment I am happy to be all in, and
then all out at the FTA !! - no holding trades for me just now (I am pretty rubbish at letting them run at the best of times lol !!)

Cheers

Gary
Rubbish at letting them run. You're no alone.

pat
  • #1,698
  • Sep 6, 2011 1:48pm Sep 6, 2011 1:48pm
Tom,

Interesting chart here for AUDUSD.

I didn't trade this, but I had the level at 1.0624 drawn on my chart from yesterday.

It was support on Friday, prior to the gap down on Sunday.

Price then gapped through it and did a rounded retest back to the level today where it immediately reversed.

Is it right to say that in this instance, the gap equates to the "thrust candle" where price has a strong push through the level?

But would it be dangerous to take such a setup because of the probability of the gap getting filled?

Thanks,

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 28 KB
  • #1,699
  • Sep 6, 2011 2:07pm Sep 6, 2011 2:07pm
KIWI
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 80 KB
  • #1,700
  • Sep 6, 2011 2:17pm Sep 6, 2011 2:17pm
CABLE H4.

Also looks ok on H1.
Attached Image (click to enlarge)
Click to Enlarge Name: CABLE.jpg Size: 78 KB
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