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  • #10,821
  • Feb 8, 2012 6:36pm Feb 8, 2012 6:36pm
Quoting stulic
Nice

Should be a DEscending triangle tho.
Buddy changed it in deep sleep here
Apologies for that one
Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,822
  • Feb 8, 2012 6:48pm Feb 8, 2012 6:48pm
Mixed patterns, could also be a bullish falling wedge in play.
Attached Image (click to enlarge)
Click to Enlarge Name: eu090212a.gif Size: 42 KB
Don't get mad, get even!
  • #10,823
  • Feb 8, 2012 7:49pm Feb 8, 2012 7:49pm
Thanks BW

Is there a apporximation for the size of the thrust as well?

Usually Contracting horizontal triangle that happen as wave B or a wave 4 they say that at a minimum the thrust extends about 75% of the longest leg of the triangle, or at least thats what most of the books say.

Is there a limit for this one?

Quoting BlackWid0w
Good Evening all

Bearish Descending Triangle in Play

Chart is Attatched

This is intraday chart pattern for those new to charting have attatched
an explanation

Trades to Play are :
Short at or near TL 15 pips Stop loss with a target of breakout
Break above Triangle and close above means range continuation

Regards BW
  • #10,824
  • Feb 8, 2012 7:59pm Feb 8, 2012 7:59pm
Quoting BlackWid0w
Good Evening all

Bearish Descending Triangle in Play

Chart is Attatched

This is intraday chart pattern for those new to charting have attatched
an explanation

Trades to Play are :
Short at or near TL 15 pips Stop loss with a target of breakout
Break above Triangle and close above means range continuation

Regards BW
What if it breaks on north side ? no examples
finding A M S
  • #10,825
  • Feb 8, 2012 8:32pm Feb 8, 2012 8:32pm
Quoting prashant7
What if it breaks on north side ? no examples
Thats not where the probabilities lie so all bets are off...
  • #10,826
  • Feb 8, 2012 8:33pm Feb 8, 2012 8:33pm
Quoting prashant7
What if it breaks on north side ? no examples

broken on the north side ' now normal PA ' not in bearish setup if this hour
closes above 1.3264 it would be great and we may have new high before london
finding A M S
  • #10,827
  • Feb 8, 2012 8:43pm Feb 8, 2012 8:43pm
Quoting prashant7
broken on the north side ' now normal PA ' not in bearish setup if this hour
closes above 1.3264 it would be great and we may have new high before london
or another false break of the current range. 3220-3288
  • #10,828
  • Feb 8, 2012 8:51pm Feb 8, 2012 8:51pm
Quoting stulic
Mixed patterns, could also be a bullish falling wedge in play.
Or a fake? Fading anyway...
Attached Image (click to enlarge)
Click to Enlarge Name: eu090212b.gif Size: 43 KB
Don't get mad, get even!
  • #10,829
  • Feb 8, 2012 9:37pm Feb 8, 2012 9:37pm
Quoting rustyjeff
Thats not where the probabilities lie so all bets are off...
Simple and correct you short at the TL with a stop for a fake out....
Exactly what I have done shorted at 54 with a 15 point stop for fake out
Risk reward is brilliant just correct mm is required..

Every single post of mine will be the same
Chart entry and exit and target

Regards
BW
Goodnight...
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,830
  • Feb 8, 2012 9:49pm Feb 8, 2012 9:49pm
Quoting Kambooj
Thanks BW

Is there a apporximation for the size of the thrust as well?

Usually Contracting horizontal triangle that happen as wave B or a wave 4 they say that at a minimum the thrust extends about 75% of the longest leg of the triangle, or at least thats what most of the books say.

Is there a limit for this one?
Hi Kambooj,

Hope all is well,
Currently we have broken the upper tl but the max limit is 73 any close above that will mean we are in range play mode.
The main thing is we made a new low and this means we should see
3135 if we close the next 4 hourly below 43...
A bit tired right now gonna catch some kip
Will follow this up tommorow

Nice charts
Take care
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,831
  • Feb 9, 2012 12:42am Feb 9, 2012 12:42am
Quoting egkid
Thanks
Very hard to break 3270 today "in my view"
but when that happen
Should looking careful to "Yearly PVT"
GL ALL
Catch u tomorrow
After 37H 3270 broken on 4h and daily ,Nice my plan goes very good.
Waiting to hit my TP hope today.
I posted chart last Friday and XX my last point to Up.
  • #10,832
  • Feb 9, 2012 2:10am Feb 9, 2012 2:10am
Yeah, doesn't seem that the Greeks are in a hurry to get 130Bn...
The show keeps going on (and on and on...)

I do notice the conversations have stalled but the Euro hasn't faltered


Quoting egkid
After 37H 3270 broken on 4h and daily ,Nice my plan goes very good.
Waiting to hit my TP hope today.
I posted chart last Friday and XX my last point to Up.
  • #10,833
  • Feb 9, 2012 2:56am Feb 9, 2012 2:56am
We need to break triangle on M5 (1.3304) for further up
  • #10,834
  • Feb 9, 2012 3:05am Feb 9, 2012 3:05am
Quoting BrunargarFx
We need to break triangle on M5 (1.3304) for further up
1.333 may be capped for london session
finding A M S
  • #10,835
  • Edited 3:36am Feb 9, 2012 3:26am | Edited 3:36am
Watch the area 1.3269 and 1.3302
Chart attatched

Regards BW
Attached Image (click to enlarge)
Click to Enlarge Name: bull flag.gif Size: 21 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,836
  • Feb 9, 2012 3:28am Feb 9, 2012 3:28am
Quoting stulic
Or a fake? Fading anyway...
Got out +48 then a bit later stupidly jumped in long again, bought the top now down -12 SL 3265
Attached Image (click to enlarge)
Click to Enlarge Name: eu090212c.gif Size: 42 KB
Don't get mad, get even!
  • #10,837
  • Feb 9, 2012 3:45am Feb 9, 2012 3:45am
Quoting stulic
Got out +48 then a bit later stupidly jumped in long again, bought the top now down -12 SL 3265
Good Morning Stulic,

Nice trade Buddy,

Clean chart entry exit

Nice post
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,838
  • Feb 9, 2012 4:07am Feb 9, 2012 4:07am

Looking at the same thing
Besides I find that 50% is alway a truning point with EUr/USD so careful with 1.3265.

Quoting BlackWid0w
Watch the area 1.3269 and 1.3302
Chart attatched

Regards BW
  • #10,839
  • Feb 9, 2012 4:18am Feb 9, 2012 4:18am
Quoting BlackWid0w
Watch the area 1.3269 and 1.3302
Chart attatched

Regards BW
Easy + 15 Stop loss at break even 1/3rd running
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #10,840
  • Edited 4:53am Feb 9, 2012 4:28am | Edited 4:53am
Quoting BrunargarFx

Looking at the same thing
Besides I find that 50% is alway a truning point with EUr/USD so careful with 1.3265.
The charts and 3 simple lines tell us what to do ..
You heard the saying charting minds think alike..

Good RR on the trade hence i posted and also you are correct 50% does add value

Regards
BW

Once the channel is broken we look for BPC Trade 15 pips is generally the most I risk on a trade intraday.
BPC=Breakout Pullback Continuation
Be sensitive to subtle differences between 'intuition' and 'into wishing.
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