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  • #5,101
  • Oct 28, 2011 3:18am Oct 28, 2011 3:18am
And one more for the road.
Daily GBPUSD chart with price on very important place:ABCD Bearish.
Break of 1.6191 will invalidate resistance and next one is @ 1.6332.

Hope it helps,
Seb
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Click to Enlarge Name: gbpusd.jpg Size: 98 KB
  • #5,102
  • Oct 28, 2011 3:20am Oct 28, 2011 3:20am
Quoting jaylovin
am not trading this as i missed yesterdays moves and not a major fan of H&S as i've found it not to be as reliable as its popularity goes but something to share just to be aware of... also remember 1.4696 to be a previous top if you look on daily chart
Hello Jay,

How are you?

I would like to see it above 1.4212 -1.4221

I took a sneaky long from 1.4157 but just scalp.

its fun to watch 1 min chart for wave .,,Its good practise.
Markets are not Random, they are designed!
  • #5,103
  • Oct 28, 2011 3:24am Oct 28, 2011 3:24am
Quoting T@rantula
BE hit +20 on this trade.

Trade reversed 4173 longed 4150 stops. target 4230

Attachment
Scaling out 4197 stops at be now. +24
  • #5,104
  • Oct 28, 2011 3:28am Oct 28, 2011 3:28am
Quoting T@rantula
Scaling out 4197 stops at be now. +24
good! Not bad!

Is this the only time of the day you trade?
Markets are not Random, they are designed!
  • #5,105
  • Oct 28, 2011 3:31am Oct 28, 2011 3:31am
Quoting Raza
Hello Jay,

How are you?

I would like to see it above 1.4212 -1.4221

I took a sneaky long from 1.4157 but just scalp.

its fun to watch 1 min chart for wave .,,Its good practise.
hi buddy... sent you an email last night... don't have a clue so not trading... trying to make sense of the levels but some levels work in one configuration, other levels in another configuration...

rule #1 : protect your capital... so not trading...

i have in one config bounce at 1.4246 which we did but market not respecting other support and resistance levels...

also in one strange config the support bounce at 1.3796 is there but NO OTHER levels are respected...

i presume this wave is still trying to complete its move?
  • #5,106
  • Oct 28, 2011 3:35am Oct 28, 2011 3:35am
Quoting jaylovin
hi buddy... sent you an email last night... don't have a clue so not trading... trying to make sense of the levels but some levels work in one configuration, other levels in another configuration...

rule #1 : protect your capital... so not trading...

i have in one config bounce at 1.4246 which we did but market not respecting other support and resistance levels...

also in one strange config the support bounce at 1.3796 is there but NO OTHER levels are respected...

i presume this wave is still trying to complete its move?...
Yup.. thats what I said earlier..

I have got some interesting charts too...

But I am going by 1.4011 break....

If you want to trade and have time then have patience..then take a trade from the levels which are making sense to you.

Then manage the risk... and scalp..Thats what i had been doing...something is better than nothing...
Markets are not Random, they are designed!
  • #5,107
  • Oct 28, 2011 3:40am Oct 28, 2011 3:40am
Quoting Raza
good! Not bad!

Is this the only time of the day you trade?
Well most of the time I make profits during London session until 12 gmt. Then I usually make a break until 13.30-14 gmt. If i spot the opportunity i enter in cross session/overlap London/NY and usually all is finished until 17 gmt.

There are exceptions to this rule usually if i dont reach my target during London session or if i suffer a drawdown.

Bid rate decision days, bank holidays are non trading days for me except m5/m1 scalps.
  • #5,108
  • Oct 28, 2011 3:43am Oct 28, 2011 3:43am
Quoting Raza

Then manage the risk... and scalp..Thats what i had been doing...something is better than nothing...
Yes and guys...

Today is Friday, u know that Friday levels are not always respected...so ensure the 20 pips ,scale out rest at BE, enjoy the freebie...
  • #5,109
  • Oct 28, 2011 3:46am Oct 28, 2011 3:46am
Quoting Raza
Yup.. thats what I said earlier..

I have got some interesting charts too...

But I am going by 1.4011 break....

If you want to trade and have time then have patience..then take a trade from the levels which are making sense to you.

Then manage the risk... and scalp..Thats what i had been doing...something is better than nothing...
yup.... scalping i haven't got much time for... we still haven't started shooting - complications but i am prolly still coming back home next week.. .they will have to get a replacement in or something..

so in the meantime i will keep working on the charts until chart becomes clear.... interestingly we broke past 1.40 without looking back.... last time we broke 1.30 to the upside, we didn't look back and carried on for almost 2000 pips...

fundamentally how long can eu keep borrowing and get away with their problems?? some major damage to the value of the euro has to come imo...
  • #5,110
  • Oct 28, 2011 4:07am Oct 28, 2011 4:07am
Morning dear friends
my daily close above 4160 so my view for the daily bullish
Next point 4350 , 4450
Cafe time brb
  • #5,111
  • Oct 28, 2011 4:37am Oct 28, 2011 4:37am
Quoting T@rantula
Whats it like?
Sort of southern Europe style, you know those

I closed my short +10.

Call me crazy but I am going long 4158 SL 4094 TP 4370. China is joining the party...

I can't see this thing going down today, have however two Aussie shorts open with stops at BE, 0751 and 0736.
Don't get mad, get even!
  • #5,112
  • Oct 28, 2011 4:38am Oct 28, 2011 4:38am
Since 12 hours in a supertight 40-50 pips range ...

Rythm not the best at all ...

A few pips here ... a few pips there ...

2011-10-28 _ (11h30 CET) EUR-USD _ 030min _ 000 barchart 240-500-40

But as Raza did say already ... something is better than nothing ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-28 _ (11h30 CET) EUR-USD _ 030min _ 000 barchart 240-500-40.GIF Size: 76 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #5,113
  • Oct 28, 2011 4:49am Oct 28, 2011 4:49am
Quoting egkid
Morning dear friends
my daily close above 4160 so my view for the daily bullish
Next point 4350 , 4450
Cafe time brb
Good morning!

I am ready to go to sleep...

If 1.4155 can break it goes to 1.4127 -18...may be even to 1.4100..

I am just scalping.its friday may be nothing would happen.
Markets are not Random, they are designed!
  • #5,114
  • Oct 28, 2011 5:03am Oct 28, 2011 5:03am
Hi Egkid
I have 4350 as well
What's your SL on this?
Quoting egkid
Morning dear friends
my daily close above 4160 so my view for the daily bullish
Next point 4350 , 4450
Cafe time brb
  • #5,115
  • Oct 28, 2011 5:07am Oct 28, 2011 5:07am
Went Long too @ 1.416
SL: 15 pips
If retracement occurs, it should occur first, I have 1.409 and 1.405 max


Quoting stulic
Sort of southern Europe style, you know those

I closed my short +10.

Call me crazy but I am going long 4158 SL 4094 TP 4370. China is joining the party...

I can't see this thing going down today, have however two Aussie shorts open with stops at BE, 0751 and 0736.
  • #5,116
  • Oct 28, 2011 5:26am Oct 28, 2011 5:26am
S/O: -15 but twas worth it
Now waiting for next level, 1.409 or back above 1.416?

Quoting BrunargarFx
Went Long too @ 1.416
SL: 15 pips
If retracement occurs, it should occur first, I have 1.409 and 1.405 max
  • #5,117
  • Edited 6:26am Oct 28, 2011 5:27am | Edited 6:26am
Quoting mercy seat
Since 12 hours in a supertight 40-50 pips range ...

Rythm not the best at all ...

A few pips here ... a few pips there ...

2011-10-28 _ (11h30 CET) EUR-USD _ 030min _ 000 barchart 240-500-40

But as Raza did say already ... something is better than nothing ...




;-|
Scalped 60-70 pips so far...still wanna see 1.4125 to long.. may be..

Gotta see how it happens although Daily target is achieved in 3-4 hrs.
Markets are not Random, they are designed!
  • #5,118
  • Oct 28, 2011 5:31am Oct 28, 2011 5:31am
Quoting T@rantula
Scaling out 4197 stops at be now. +24
Just cam back home...

So +24 on this 1/2 position as other half was stopped at BE.

I also see 4153 is broken so the levels which I posted early in the morning are in play
  • #5,119
  • Oct 28, 2011 5:33am Oct 28, 2011 5:33am
Quoting BrunargarFx
S/O: -15 but twas worth it
Now waiting for next level, 1.409 or back above 1.416?
hi,

1.4141 is 23%FibRet of Big wave 5 (alt:3). Low was 1.4138 so far.
To go down we need to clear it.
Considering that Crude is -1.86, Dax -0.05, FTSE is red and EUROSTOXXX is red we might go even lower.
Crucial newa are from China today: how much they will buy?

Hope it helps,
Seb
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  • #5,120
  • Oct 28, 2011 5:36am Oct 28, 2011 5:36am
Quoting T@rantula
E:4176
s:4204
tp:4080

Levels are:

initial stop/median point 4173

4153>4149>4143>4133>4122>4116>4000>4080

Bull levels are : 4193>4197>4203>4213>4223>4230

http://clip2net.com/s/1h13T

Lets see the retracement.
Look at the levels I posted early morning....Remember I closed my short 4156 and my long 4197.

In order to have a bearish continuation 4143 needs to be broken else 4173 + spread which acts as a median/initial stop.
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