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  • #4,981
  • Feb 20, 2012 2:26am Feb 20, 2012 2:26am
Quoting haoqfu
are you talking about 5 EMA low (smoothed), it doesn't look like a clean break out to me yet. shall we wait until this candle close instead?
Thats right.Its the 5 MA smoothed low, I have one 5MA smoothed high too(no shift), both making a PA channel.
  • #4,982
  • Feb 20, 2012 2:50am Feb 20, 2012 2:50am
Quoting Quezoy
Anyone's got an idea when a decission concerning Greece could fall?
I think that's it's meant to be 14.30hr (UK). But it would be no surprise if it was delayed (to well into the closed US session)! I suspect that their are loads of scribes pushing out the paper even now!
  • #4,983
  • Feb 20, 2012 2:57am Feb 20, 2012 2:57am
Morning All, I guess it must be that our brokers are opening after the weekend at different times, by my chart doesnt show a 60 pip move, Today opens on a 25-30 pip candle for me and the rest of the move is just the gap between fridays close and mondays open.
Anyways, what is the U.S bank holiday in aid of today?
Rob
  • #4,984
  • Feb 20, 2012 3:16am Feb 20, 2012 3:16am
I'm lookin' at a bounce of the 200 EMA to the upside. No cross yet so don't jump yet but Russel2k and S&P500 showin' weakness as well. Take it easy guys

LL
"IN CASH WE TRUST"
  • #4,985
  • Feb 20, 2012 3:22am Feb 20, 2012 3:22am
Hi guys,

Im still practicing this method, and I think Im getting a little bit the hang of it.

I dont trade a lot of signals, only the sureshots and for me thats pin bars, most of the time tdi hasnt crossed yet, a good hook and a stoch confirm is all I need, the rest price action. Took teh long at exactly 1.32000. I m up 16 pips now, atr is 20, im trading 1.5 tdr, thats my profit target.

Stoploss now at entry, beginning of the trade below the pin apprx 19 pip.
  • #4,986
  • Feb 20, 2012 3:28am Feb 20, 2012 3:28am
When I saw the PA struggles I closed it at BE quite fast..It was max at 6 pip profit meh
Waiting for new candle
  • #4,987
  • Feb 20, 2012 3:52am Feb 20, 2012 3:52am
Quoting jasonnevis
Just entered short based on price action and TDI cross and angle....let see what happens...
same with you. seem's will hit the stop loss.
  • #4,988
  • Feb 20, 2012 3:55am Feb 20, 2012 3:55am
Good morning guys.

Today im half asleep at the PC had a sleepless weekend. Too much partying lol.
I miss the long trade. If you look at why a long would be goos was that PA bounced off the daily pivot.
An entry at 1.32050 wouldve been a nice entry.
X-man the legendary conqueror of markets
  • #4,989
  • Feb 20, 2012 3:56am Feb 20, 2012 3:56am
im out nice cool trade
  • #4,990
  • Feb 20, 2012 4:01am Feb 20, 2012 4:01am
Quoting X-Man
Good morning guys.

Today im half asleep at the PC had a sleepless weekend. Too much partying lol.
I miss the long trade. If you look at why a long would be goos was that PA bounced off the daily pivot.
An entry at 1.32050 wouldve been a nice entry.
X-Man, You say price bounced off daily pivot, do you mean daily resistance 1, or have I plotted them wrong
Or maybe as you say, you are still half asleep
  • #4,991
  • Feb 20, 2012 4:16am Feb 20, 2012 4:16am
Quoting X-Man
Good morning guys.

Today im half asleep at the PC had a sleepless weekend. Too much partying lol.
I miss the long trade. If you look at why a long would be goos was that PA bounced off the daily pivot.
An entry at 1.32050 wouldve been a nice entry.
Hi X,

As you will see, a number of us entered short at the start of the LO candle, which was the second decent-ish red candle, TDI bounce of 7.1, cross of the 4 EMA, TDI crossing Market Base Line ... etc etc.

Risks I identified at the time were low ATR (i.e. low volatility so far today) and it being Monday morning and no clear trend yet.

Is there any particular reason you wouldn't have entered there? Is it better to wait until the 10am London candle to avoid fakeouts etc, especially on a Monday?

Here's how it looked at entry time (approx 9:02am London) :
Attached Image
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #4,992
  • Feb 20, 2012 4:16am Feb 20, 2012 4:16am
Quoting robthorp
X-Man, You say price bounced off daily pivot, do you mean daily resistance 1, or have I plotted them wrong
Or maybe as you say, you are still half asleep
Aint daily pivot at 1.31911? not daily resistance 1
correct me if im wrong.
X-man the legendary conqueror of markets
  • #4,993
  • Feb 20, 2012 4:18am Feb 20, 2012 4:18am
Quoting X-Man
Aint daily pivot at 1.31911? not daily resistance 1
correct me if im wrong.
Hi X, daily pivot is at 3150 on my chart. R1 is at 3185
  • #4,994
  • Feb 20, 2012 4:22am Feb 20, 2012 4:22am
Quoting haoqfu
Hi X, daily pivot is at 3150 on my chart. R1 is at 3185

Me too
  • #4,995
  • Feb 20, 2012 4:28am Feb 20, 2012 4:28am
Quoting haoqfu
Hi X, daily pivot is at 3150 on my chart. R1 is at 3185
Me too, if I don't use sunday data.
  • #4,996
  • Feb 20, 2012 4:28am Feb 20, 2012 4:28am
Guys, please be kind and upload your daily pivot indi.
Thanks!
  • #4,997
  • Feb 20, 2012 4:30am Feb 20, 2012 4:30am
Quoting sarmatius
Guys, please be kind and upload your daily pivot indi.
Thanks!
yup , me too
  • #4,998
  • Feb 20, 2012 4:32am Feb 20, 2012 4:32am
Yes im the one thats mistaken.
The daily pivot is at 1.31500 and PA seen to bounce off the daily R1. Looks like my mind is shut down LOL

Today i wont be taking any trades. I never trade when im tired , sleepy or depressed and today im tired and sleepy so im out for today. Maybe ill be all fresh during the NY open. we will see.
X-man the legendary conqueror of markets
  • #4,999
  • Feb 20, 2012 4:33am Feb 20, 2012 4:33am
Quoting sarmatius
Guys, please be kind and upload your daily pivot indi.
Thanks!
see attached
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-02-20 at 6.32.07 PM.png Size: 26 KB
  • #5,000
  • Feb 20, 2012 4:38am Feb 20, 2012 4:38am
Quoting haoqfu
see attached
could you attach an indi not a picture of it ?

Thanks
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