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Cluster SR - interesting, new way of looking at support & resistance

  • #61
  • Feb 14, 2012 4:56am Feb 14, 2012 4:56am
Quoting fosking

Opened a short on GU.
Moved stop to break even.


GBP/USD M5
Attachment
Should have kept this open until it hit the bottom support but I thought I was seeing a reversal pattern so took profits too early.
  • #62
  • Feb 14, 2012 5:00am Feb 14, 2012 5:00am
Quoting fosking
Should have kept this open until it hit the bottom support but I thought I was seeing a reversal pattern so took profits too early.
nothing works everytime, I hope better luck next time
Bulls are stupid Animals!especially when Im short!
  • #63
  • Feb 14, 2012 6:08am Feb 14, 2012 6:08am
For some reason my stupid internet connection keeps cutting off.


Anyway, just caught another GU short and took the profit at +20.
I could of got in a couple of pips higher but my connection was out.


GBP/USD M5
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 617 KB
  • #64
  • Feb 14, 2012 6:22am Feb 14, 2012 6:22am
update on the USDJPY trade,
There is some tough resistance above , so Im playing it safe,
thats why Im moving up the purple supportline to the nearest place
price have rejected the bears, price may brake the resistance and it may not, any close below the line it and Im out,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: update 3.jpg Size: 126 KB
Click to Enlarge Name: tough resistance above.jpg Size: 169 KB
Bulls are stupid Animals!especially when Im short!
  • #65
  • Feb 14, 2012 6:28am Feb 14, 2012 6:28am
update on the NZDUSD trade,
I closed out the trade in profit 15+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD closed.jpg Size: 139 KB
Bulls are stupid Animals!especially when Im short!
  • #66
  • Feb 14, 2012 6:31am Feb 14, 2012 6:31am
Quoting fosking
For some reason my stupid internet connection keeps cutting off.


Anyway, just caught another GU short and took the profit at +20.
I could of got in a couple of pips higher but my connection was out.


GBP/USD M5
Attachment
thats to bad about your connection but congrats to the winners
Bulls are stupid Animals!especially when Im short!
  • #67
  • Feb 14, 2012 6:54am Feb 14, 2012 6:54am
Im shorting AUDUSD resistance and inverted hammer
Attached Image (click to enlarge)
Click to Enlarge Name: short AUDUSD.jpg Size: 209 KB
Bulls are stupid Animals!especially when Im short!
  • #68
  • Feb 14, 2012 7:05am Feb 14, 2012 7:05am
Interesting you just posted that audusd above.

I was looking at the H1 chart on it and was thinking to myself.
Look at all that trash above the price and the downside looks like clear saling...

Interesting concept you have here..
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.gif Size: 34 KB
  • #69
  • Feb 14, 2012 7:08am Feb 14, 2012 7:08am
Update AUDUSD short position,
closed out in profit 12+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: update AUDUSD.jpg Size: 188 KB
Bulls are stupid Animals!especially when Im short!
  • #70
  • Feb 14, 2012 7:11am Feb 14, 2012 7:11am
Quoting tommyd
Interesting you just posted that audusd above.

I was looking at the H1 chart on it and was thinking to myself.
Look at all that trash above the price and the downside looks like clear saling...

Interesting concept you have here..
Yeah, looks like just minor areas on the way down (thin stripes)
I just closed out my trade,
I probably could stay in longer
but just taking small scalps for now
Bulls are stupid Animals!especially when Im short!
  • #71
  • Edited 7:57am Feb 14, 2012 7:24am | Edited 7:57am
Update USDJPY
Good news! we broke the resistance
lets see if we can hold price above,
what we want to see now is resistance turn to support
Attached Image (click to enlarge)
Click to Enlarge Name: update USDJPY.jpg Size: 170 KB
Bulls are stupid Animals!especially when Im short!
  • #72
  • Feb 14, 2012 8:03am Feb 14, 2012 8:03am
Quoting roughtrader
Update USDJPY
Good news! we broke the resistance
lets see if we can hold price above,
what we want to see now is resistance turn to support
The long from 77.35 looks beautiful on that H4 USD/JPY chart.
You would have been able to nail that buy to the pip.
  • #73
  • Feb 14, 2012 8:08am Feb 14, 2012 8:08am
yes amazing stuff!
Im waiting for a retrace back to the red line now,
but it doesn't even look back yet.
Bulls are stupid Animals!especially when Im short!
  • #74
  • Feb 14, 2012 8:23am Feb 14, 2012 8:23am
USDJPY, prolonging the stripes a bit,
don't take this post serious,
first time
I just thought it was fun.
Attached Image (click to enlarge)
Click to Enlarge Name: a rough estimation of the future.jpg Size: 118 KB
Bulls are stupid Animals!especially when Im short!
  • #75
  • Feb 14, 2012 8:39am Feb 14, 2012 8:39am
USDJPY update I don't want to loose to many pips if it will be any serious retrace,
so Im setting the limit at the red line, a close below that and im out,
it's better to take profit and jump in again after the retrace is completed
Attached Image (click to enlarge)
Click to Enlarge Name: bail out.jpg Size: 114 KB
Bulls are stupid Animals!especially when Im short!
  • #76
  • Feb 14, 2012 8:42am Feb 14, 2012 8:42am
also note the top two MA's are bending over,
it means the uptrend is loosing momentum
Bulls are stupid Animals!especially when Im short!
  • #77
  • Edited 9:06am Feb 14, 2012 8:44am | Edited 9:06am
USDJPY update,
also note that we have a doubble top,
Im closing out the trade now 70+ pips
this finnish the fan principle of the MA,
Bulls are stupid Animals!especially when Im short!
  • #78
  • Feb 14, 2012 9:34am Feb 14, 2012 9:34am
Looking for a sell around 1.5715 on GU.

GBP/USD M5
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 353 KB
  • #79
  • Feb 14, 2012 9:26pm Feb 14, 2012 9:26pm
nice one.very interesting u have hare.
it looks very helpfull for me .
thumbs up

this is my 2nd post. hihi
  • #80
  • Feb 14, 2012 11:14pm Feb 14, 2012 11:14pm
Thank you SEDI welcome to FF
Bulls are stupid Animals!especially when Im short!
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