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  • #11,581
  • Feb 21, 2012 4:42am Feb 21, 2012 4:42am
Ok this can be good r:r

E:3235
S:3218
TP:open

risking 17 pips.

Reasons 3123 and TL rejection and the pair is uptrending ( above 3175)

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 78 KB
  • #11,582
  • Feb 21, 2012 5:17am Feb 21, 2012 5:17am
Quoting T@rantula
Ok this can be good r:r

E:3235
S:3218
TP:open

risking 17 pips.

Reasons 3123 and TL rejection and the pair is uptrending ( above 3175)

Attachment
Monitoring the trade from my smartphone.
  • #11,583
  • Feb 21, 2012 5:25am Feb 21, 2012 5:25am
why did i completely miss that short ? tl break and bearish divergence. for the moment there is no tl-break on m5 yet so no entry for me
Attached Image (click to enlarge)
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  • #11,584
  • Feb 21, 2012 5:52am Feb 21, 2012 5:52am
Not Convinced about this Sell off
Daily open above Strong Point 3170 =Bullish
But it all depends on MM and Entry point
  • #11,585
  • Feb 21, 2012 6:45am Feb 21, 2012 6:45am
Quoting egkid
Not Convinced about this Sell off
Daily open above Strong Point 3170 =Bullish
But it all depends on MM and Entry point
Rejection on 15 min , SL@BE =3210
  • #11,586
  • Edited 9:00am Feb 21, 2012 7:26am | Edited 9:00am
The charts explains all the visible entries on the euro...

Currently once the bullish wedge has broken dont try and short.My channel upper tl for wedge is 1.32300 which I have shown in the current chart ..
Play the wedge to each of the trendlines...

Will post the trades if I get time

FIGURES:
UPPER TL :1.3230 LOWER TL :1.3180-These are for bullish wedge sl 15 pips only unless you are trying to swing.
UPPER TL :1.3360 LOWER TL :1.3155 -These are for broadening triangle.
GAP FILL: 1.3160
WEEKLYPIVOT:1.3133

If Bullish wedge gets broken and closed above BPC TRADE is ON

NOTE: ALL MY ENTRIES ARE TAKEN AT PRICE ONLY...


Regards
BW

UPDATE NUMBER 1 UPPER TL ON EURO BULLISH WEDGE HELD @ 1.3230= 20 PIPS SL @ BE
Attached Image (click to enlarge)
Click to Enlarge Name: New Euro.gif Size: 23 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,587
  • Feb 21, 2012 7:55am Feb 21, 2012 7:55am
Quoting BlackWid0w
The charts explains all the visible entries on the euro...

Currently once the bullish wedge has broken dont try and short.My channel upper tl for wedge is 1.32300 which I have shown in the current chart ..
Play the wedge to each of the trendlines...

Will post the trades if I get time

FIGURES:
UPPER TL :1.3230 LOWER TL :1.3180-These are for bullish wedge sl 15 pips only unless you are trying to swing.
UPPER TL :1.3360 [b][color=red]LOWER TL :1.3155 -These are for...
Thanks for posting and looking forward to your trades


Here is mine with a bad trade on it, long @ 3227 hidden bullish divergence and tlbreak
Attached Image (click to enlarge)
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  • #11,588
  • Edited 9:06am Feb 21, 2012 8:24am | Edited 9:06am
Quoting huskyboy
Thanks for posting and looking forward to your trades


Here is mine with a bad trade on it, long @ 3227 hidden bullish divergence and tlbreak
My whole chart suggests nothing but bullishness...
Broadening Triange : Bullish Pattern
Bullish Wedge: Bullish Pattern

We know what our stops are so lets see it make a high..
Before New york open they 90% of the time drive prices down..for fresh buys..something to be noted..
I will show you some of the trades when they happen
For now Bullish wedge broken so now target 70 ish is on the cards

Sorry for the delay in posting my chart ...always feel free to pm me if I have time will get back to you straight away

Plenty more trades left for the afternoon
Dont be disheartened on your loss..It will be made in good time

Take care
BW
Attached Image (click to enlarge)
Click to Enlarge Name: the bounce.gif Size: 19 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,589
  • Feb 21, 2012 8:38am Feb 21, 2012 8:38am
HI Husky,
What TF are you using for MACD hidden divergence?
Quoting huskyboy
Thanks for posting and looking forward to your trades


Here is mine with a bad trade on it, long @ 3227 hidden bullish divergence and tlbreak
  • #11,590
  • Feb 21, 2012 9:04am Feb 21, 2012 9:04am
Quoting BrunargarFx
HI Husky,
What TF are you using for MACD hidden divergence?
M15 but its not MACD, indi is in there (didn't know another way to post it here )


http://www.forexfactory.com/attachme...d=896558&d=Feb 12, 2012 12:45
  • #11,591
  • Feb 21, 2012 9:20am Feb 21, 2012 9:20am
Hi,
I did not know what you were using. Be careful with indicators and how to use them.

I use only 3 indicators but DIVERGENCES only on higher TFs where it is more meaningful. Only my 2 cents.

I'm Long 1.323 btw, on rejection of DP. SL: 1.321 but I'll bring it to 1.3225 asap


Quoting huskyboy
M15 but its not MACD, indi is in there (didn't know another way to post it here )


http://www.forexfactory.com/attachme...d=896558&d=Feb 12, 2012 12:45
  • #11,592
  • Feb 21, 2012 9:22am Feb 21, 2012 9:22am
Quoting BrunargarFx
Hi,
I did not know what you were using. Be careful with indicators and how to use them.

I use only 3 indicators but DIVERGENCES only on higher TFs where it is more meaningful. Only my 2 cents.

I'm Long 1.323 btw, on rejection of DP. SL: 1.321 but I'll bring it to 1.3225 asap
i only use divergence with the break of a tl or any other signal i use, i never enter on divergence alone.
  • #11,593
  • Feb 21, 2012 9:22am Feb 21, 2012 9:22am
A nice trading day hope you all made pips,
All trades closed for today and now will look at the markets Tommorow.
Once the targets have been achieved I prefer to look at the markets with
fresh eyes before london open.

Thanks Mr T for your important Techincal analysis.

My sons Birthday today so am going to spends some quality time with him.


Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,594
  • Feb 21, 2012 9:24am Feb 21, 2012 9:24am
Sorry, forgot to mention my targets: 1.329 (unload 1/2) and 1.3318 (unload the rest unless big momentum)
  • #11,595
  • Feb 21, 2012 9:25am Feb 21, 2012 9:25am
Quoting T@rantula
Ok this can be good r:r

E:3235
S:3218
TP:open

risking 17 pips.

Reasons 3123 and TL rejection and the pair is uptrending ( above 3175)

Attachment
17 pips loss on this trade. Market was ranging instead of trending and the range swiped my sl. My usual strategy is when trend fails I switch to scalping using proven methods ( river for example).

If u have ever used "the river" on m1, you would know how powerful is.

I also have "the river" setup on my smartphone. SInce i was out, i traded via smartphone.
I fought with the market scalping both directions.

The point of this is: NEVER STOP TRADING. Use ur plan, use the risk. But u always need to know how much u want to risk.

My first trades got me +25 pips ( long @ 3255, closed 3180) second trade was a loss it was total of +8 pips.

So if my maximum loss per day is 35 pips using 1:10 leverage that means i still can risk 45 pips more.

I switched to scalping. Guys, try to scalp, learn to scalp. When there is no real trend and when market suddenly reverses, scalping methods work like a charm. Trust me on this 1.

Here is the proof. In the end of the day it is still 1% profit this day. ALWAYS HAVE A PLAN.

Attached Image (click to enlarge)
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  • #11,596
  • Feb 21, 2012 9:25am Feb 21, 2012 9:25am
Enjoy! Hope he has a great Birthday!

Quoting BlackWid0w
A nice trading day hope you all made pips,
All trades closed for today and now will look at the markets Tommorow.
Once the targets have been achieved I prefer to look at the markets with
fresh eyes before london open.

Thanks Mr T for your important Techincal analysis.

My sons Birthday today so am going to spends some quality time with him.


Regards
BW
  • #11,597
  • Feb 21, 2012 9:28am Feb 21, 2012 9:28am
Quoting BlackWid0w
My whole chart suggests nothing but bullishness...
Broadening Triange : Bullish Pattern
Bullish Wedge: Bullish Pattern

We know what our stops are so lets see it make a high..
Before New york open they 90% of the time drive prices down..for fresh buys..something to be noted..
I will show you some of the trades when they happen
For now Bullish wedge broken so now target 70 ish is on the cards
Sorry for the delay in posting my chart ...always feel free to pm me if I have time will get back to you straight away

Plenty more trades left for...
It got to 60 missed my target by 10 pips so far....
The Charts tell you everything that is going to happen
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,598
  • Feb 21, 2012 9:29am Feb 21, 2012 9:29am
Quoting BrunargarFx
Enjoy! Hope he has a great Birthday!
Thank you very much Mr B.
Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,599
  • Feb 21, 2012 9:41am Feb 21, 2012 9:41am
Looks like we are targetting the former LTL (suport) of the Bulltrend - 3318 is on the cards and that's also DR2.
But I wouldn't leave this trade unattended


Quoting BlackWid0w
It got to 60 missed my target by 10 pips so far....
The Charts tell you everything that is going to happen
  • #11,600
  • Feb 21, 2012 9:41am Feb 21, 2012 9:41am
Quoting BlackWid0w
It got to 60 missed my target by 10 pips so far....
The Charts tell you everything that is going to happen
Target hit
Happy Trading BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
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