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Fail Better

  • #2,201
  • Jan 9, 2012 6:04am Jan 9, 2012 6:04am
Quoting megel
do we still like cable after it has printed this ascending glob type pattern?
No!
  • #2,202
  • Jan 9, 2012 6:45am Jan 9, 2012 6:45am
Quoting megel
do we still like cable after it has printed this ascending glob type pattern?
Hi Megel,

I was trying to get it for 1.5475 but now after this decline i am erasing my order. This not so well defined pattern on m15 was meaningless compared to overall setup on h4/h1 imo. I found myself getting scared from lots of the trades before becouse of digging too deep.
Cheers!
  • #2,203
  • Jan 9, 2012 6:53am Jan 9, 2012 6:53am
it worked out pretty well from 1.5466 lol
Support the Resistance
  • #2,204
  • Jan 9, 2012 7:18am Jan 9, 2012 7:18am
Very well defined and clear supply zone on EJ.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 13 KB
  • #2,205
  • Jan 9, 2012 9:40am Jan 9, 2012 9:40am
Quoting the_wizard
With that in mind, the best levels in my opinion are 1.5466 and if that fails, another attempt to short could be made at 1.5578.

If it manages to get above that higher H1 s/r pivot, then it looks doubtful that the weekly lows will be taken out before the market tries to take out the TOP of the D1 range at 1.5773.
Short at 1.5466 looking like a gift based on previous swing low - again obvious from hindsight - my favourite type of trading

Is ur crystal ball available for rent

Thanks for the comments everyone - very educational and much appreciated
  • #2,206
  • Jan 10, 2012 12:05am Jan 10, 2012 12:05am
Quoting robertislive
Short at 1.5466 looking like a gift based on previous swing low - again obvious from hindsight - my favourite type of trading

Is ur crystal ball available for rent

Thanks for the comments everyone - very educational and much appreciated
Missed that one by a few pips but encourged with how these trades at levels do work well!!!
Anyone looking at this level on GBNZ? Price right on ppz just now so good location to look for PA here.
Attached Image (click to enlarge)
Click to Enlarge Name: TRADE RECORD 20 100112.jpg Size: 132 KB
  • #2,207
  • Jan 11, 2012 1:02am Jan 11, 2012 1:02am
Today is Operation Assault GBP/USD :

Operation Assault $GBPUSD : Phase #1 : Isolate the objective
http://chart.ly/gi894gw

Operation Assault $GBPUSD : Phase #2 : Reconnaissance
http://chart.ly/ljavhbd

Operation Assault $GBPUSD : Phase #3 - The Plan.

Strategy #1 Consolidation and Reorganisation
http://chart.ly/x6vxxge

Strategy #2 The brute force attack
http://chart.ly/4edmjuy

Strategy #3 The Ambush
http://chart.ly/wc22xm3

Strategy #4 The Counter Attack
http://chart.ly/4s85x2j


Radio chatter : UK Trade balance up at 09:30 BST

Platoon leaders should have developed a clear understanding of the available courses of action. Now time to choose one and execute.

Good luck!

And remember : An individual battle may be won or lost but the war is already won!
  • #2,208
  • Jan 11, 2012 1:29am Jan 11, 2012 1:29am
I want know the name of the person who made your coffee today .

Tom is in top notch form today those charts are like "jewels" wonderful wonderful analysis. and Absolutely fantastic Tweets

I am loving it.
  • #2,209
  • Jan 11, 2012 1:55am Jan 11, 2012 1:55am
Hi Tom

Great stuff - abs love the analogies!!! Been watching this one closely but I think I will go for the brute force attack! If that fails then will look at the SFP-what a great pattern, seeing them all over the place!

Now have to nail down precise entries.........your analysis is helping a lot man, keep it up!
  • #2,210
  • Jan 11, 2012 2:40am Jan 11, 2012 2:40am
Took the brute force entry....currently +55........lets see what happens....targetting previous swing low at 5375
  • #2,211
  • Jan 11, 2012 2:47am Jan 11, 2012 2:47am
Update : GBP/USD moved up for the TL retest, so of the scenarios, strategy #2 triggered. Well done to anyone that got more or less the exact high there. Big move to the downside so far.

See chart : Chart.ly - Trader_Dante: Strategy #2 triggers
  • #2,212
  • Jan 11, 2012 2:52am Jan 11, 2012 2:52am
Quoting trader8080
I want know the name of the person who made your coffee today .

Tom is in top notch form today those charts are like "jewels" wonderful wonderful analysis. and Absolutely fantastic Tweets

I am loving it.
I don't know what was in my coffee today but it sure tasted good!
  • #2,213
  • Jan 11, 2012 2:52am Jan 11, 2012 2:52am
Tom would you target the previous swing low as initial target - thats what I am aiming at?

Kal
  • #2,214
  • Jan 11, 2012 3:39am Jan 11, 2012 3:39am
Hi all

Closed GU trade for +100 at 5380 - previous swing low. More than happy with +100 in 2 hours. Will be watching closely and may look to get back in on a retracement.
  • #2,215
  • Jan 11, 2012 3:43am Jan 11, 2012 3:43am
Hi guys...first post on this forum....lovely thread!!!

Here is my view on Nzd/usd

What's your opinion on this, if it cames back to the highlighted area??

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Nzd_usd_long.png Size: 52 KB
Patience is essential
  • #2,216
  • Jan 11, 2012 3:59am Jan 11, 2012 3:59am
Quoting benem
Hi guys...first post on this forum....lovely thread!!!

Here is my view on Nzd/usd

What's your opinion on this, if it cames back to the highlighted area??

Thanks
That area is not strong enough for me to see a high probability of causing a swing bounce.
  • #2,217
  • Edited 4:21am Jan 11, 2012 4:07am | Edited 4:21am
Quoting the_wizard
That area is not strong enough for me to see a high probability of causing a swing bounce.
Reading through your forum i guess is because we had one single swing on the left....you'd prefer to see more than one ,correct??

Not going to boder you anymore
Patience is essential
  • #2,218
  • Jan 11, 2012 4:13am Jan 11, 2012 4:13am
Quoting the_wizard
Today is Operation Assault GBP/USD :

Operation Assault $GBPUSD : Phase #1 : Isolate the objective
http://chart.ly/gi894gw

Operation Assault $GBPUSD : Phase #2 : Reconnaissance .....

Hahaha loved it Tom, this is the Style to Go !!!

Love your simplistic and effective approach to the markets, we need more people like you !

I'm with you soldiers, see you at 1,5300 http://screencast.com/t/ouitawo87m6
  • #2,219
  • Jan 11, 2012 4:24am Jan 11, 2012 4:24am
Quoting SoftControl
Hahaha loved it Tom, this is the Style to Go !!!

Love your simplistic and effective approach to the markets, we need more people like you !

I'm with you soldiers, see you at 1,5300 http://screencast.com/t/ouitawo87m6
LOVE your screenshot. "These people are buying again and guess what? They are going to bite the dust"

LOOL!
  • #2,220
  • Jan 11, 2012 4:24am Jan 11, 2012 4:24am
Quoting benem
Reading through your forum i guess is because we had one single swing on the left....you'd prefer to see more than one ,correct??

Not going to boder you anymore
Yes, I would prefer to see three or more.

The area you showed might be good enough if you had major D1 bias based on yesterdays close.
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