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  • #10,701
  • Feb 7, 2012 3:47am Feb 7, 2012 3:47am
What's the rising 3 method T?
Quoting T@rantula
Spot on Stulic, also using your chart...Rising 3 methods is bullish continuation pattern.

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  • #10,702
  • Feb 7, 2012 4:07am Feb 7, 2012 4:07am
Quoting BrunargarFx
What's the rising 3 method T?
Its the trend continuation pattern where u have a big bullish candle, then 3 small bearish candles ( retracement) then another bullish candle. Look at Stulic's h4, I have marked it.
  • #10,703
  • Feb 7, 2012 4:15am Feb 7, 2012 4:15am
Quoting BrunargarFx
What's the rising 3 method T?
Lots of examples on google. This is a pattern I only learned today as well.

..
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  • #10,704
  • Feb 7, 2012 4:16am Feb 7, 2012 4:16am
Quoting T@rantula
Reaction to 3151 made a retracement. As previously said, continuation only above 3151. Bull flag and rising 3 methods gave an early warning but 3151 is the level to watch.
See 3151...soo strong
  • #10,705
  • Feb 7, 2012 4:32am Feb 7, 2012 4:32am
Gee - thanks, I keep forgetting (I just call it differently)

Quoting Tyoon
Lots of examples on google. This is a pattern I only learned today as well.

..
  • #10,706
  • Feb 7, 2012 4:53am Feb 7, 2012 4:53am
Hey there guys, well this market is sure fighting either way right now.

Like most have said, we are higher timeframe flagging - however the shape of it mystifies me a little bit and im personally not so quick to call upside breakout.

When i zoom right out, this is wot i see

cheers
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  • #10,707
  • Feb 7, 2012 5:01am Feb 7, 2012 5:01am
Quoting stulic
Cheers! Lets see if it plays out, could take quite a while tho, on the other side a possible bear flag could be in development in gold, just risking a small position here in case of another sudden cascade down.
Paid out, 70 pips down but might let it run further, certainly looks like having potential for more downside, not greed but a smaller position
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #10,708
  • Feb 7, 2012 5:06am Feb 7, 2012 5:06am
Nice trades

As for EU still trapped in a range 3151 is a hard nut to crack.
  • #10,709
  • Feb 7, 2012 5:14am Feb 7, 2012 5:14am
Closed +80, a big drop in German industry output.
Don't get mad, get even!
  • #10,710
  • Feb 7, 2012 5:27am Feb 7, 2012 5:27am
Long 1.312, target 1.315
Manual SL (10 pips below entry otherwise)
Quoting T@rantula
Nice trades

As for EU still trapped in a range 3151 is a hard nut to crack.
  • #10,711
  • Feb 7, 2012 5:32am Feb 7, 2012 5:32am
Quoting stulic
Closed +80, a big drop in German industry output.
We also have M 1 2 3 in play but the market is ranging, still waiting
  • #10,712
  • Feb 7, 2012 5:34am Feb 7, 2012 5:34am
I'm @my work
When looking to the chart i see my view was right 3135 play over and over
  • #10,713
  • Feb 7, 2012 5:45am Feb 7, 2012 5:45am
Quoting egkid
I'm @my work
When looking to the chart i see my view was right 3135 play over and over
yes 3135>3151> then break of 3135>3120 when 3135 become resistance. Bears should aim to retake 3090 level.
  • #10,714
  • Feb 7, 2012 6:09am Feb 7, 2012 6:09am
S/O: -10
Quoting BrunargarFx
Long 1.312, target 1.315
Manual SL (10 pips below entry otherwise)
  • #10,715
  • Feb 7, 2012 6:15am Feb 7, 2012 6:15am
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  • #10,716
  • Feb 7, 2012 6:21am Feb 7, 2012 6:21am
Quoting BrunargarFx
S/O: -10
-10 is nothing to be worried about. Watch 3092-85 reaction.
  • #10,717
  • Feb 7, 2012 6:25am Feb 7, 2012 6:25am
Closed gold way too early, dipped below 1710 130 pips...

Added new short to GBP/AUD, fairly repetitive pattern there.
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Don't get mad, get even!
  • #10,718
  • Feb 7, 2012 6:29am Feb 7, 2012 6:29am
Quoting T@rantula
-10 is nothing to be worried about. Watch 3092-85 reaction.
Missed it for 3 pips...rebounded off 95
  • #10,719
  • Feb 7, 2012 6:30am Feb 7, 2012 6:30am
Quoting stulic
Closed gold way too early, dipped below 1710 130 pips...

Added new short to GBP/AUD, fairly repetitive pattern there.
Shouldnt you wait for candles to respond to big red one ( retrace)?
  • #10,720
  • Feb 7, 2012 6:32am Feb 7, 2012 6:32am
Cable pierced through 5800, would be nice if it's a proper break, would push the aussie cross down too.
Don't get mad, get even!
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