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  • #598,041
  • Feb 22, 2012 2:03am Feb 22, 2012 2:03am
pennant forming on the 1H chart?

If it is indeed a pennant, I expect a breakout to the downside might be more probable than an upside move... unless the rest of the PMIs due today come out much better than expected...

comments anyone?
Daily Target: 20 pips
  • #598,042
  • Feb 22, 2012 2:04am Feb 22, 2012 2:04am
Quoting mohan76
i have closed my short for -1 pip after seeming DAX open gap
yes -7 bloody frankie, we see what brits have to say I same plan scalp entries, minimal risk, wait for runners, 3 trailing stops clipped 3 still live

All buyers come out the woodwork, is not over till the fat lady sings

ladies ready set gooo
If you are new to Forex? Say Goodbye to your account!!
  • #598,043
  • Feb 22, 2012 2:05am Feb 22, 2012 2:05am
Quoting spiritbreezer
I'll tell you what. Once my project is up and running, and I'm trading 50 lots at a time, then I'll be sure to do so lol

Thanx anyways
By 4am candle you mean that opening at 4am or closing at 4 am?
  • #598,044
  • Feb 22, 2012 2:09am Feb 22, 2012 2:09am
Quoting KiwiTrada
yes -7 bloody frankie, we see what brits have to say I same plan scalp entries, minimal risk, wait for runners, 3 trailing stops clipped 3 still live

All buyers come out the woodwork, is not over till the fat lady sings

ladies ready set gooo

took again @ 58 let see what it will do

looks your cable doing good , nice 30 drop
Mohan
  • #598,045
  • Feb 22, 2012 2:11am Feb 22, 2012 2:11am
Quoting mohan76
took again @ 58 let see what it will do

looks your cable doing good , nice 30 drop
brit prs already gone
If you are new to Forex? Say Goodbye to your account!!
  • #598,046
  • Feb 22, 2012 2:13am Feb 22, 2012 2:13am
Quoting pipsik
By 4am candle you mean that opening at 4am or closing at 4 am?
The high or low of the candle. Every candle, no matter what time frame, it's high or low is the support or resistance for the next candle in that same time frame.
  • #598,047
  • Feb 22, 2012 2:17am Feb 22, 2012 2:17am
Quoting spiritbreezer
If that be so, them the news coming out next should confirm it, and the next candle, 9am, must bounce of the 50 upwards. I'm suspect off the next hour candle closing bear just above 50, then 2 hours from, 10am candle, drops from 50 down to 00.
mate i closed it long ago at 3257 i post them on my skype .anyway took a short on gbp/usd on someones advice n its doing good
MMMYYYKKK
  • #598,048
  • Feb 22, 2012 2:18am Feb 22, 2012 2:18am
london opened 18 minutes ago right???
  • #598,049
  • Feb 22, 2012 2:19am Feb 22, 2012 2:19am
Quoting spiritbreezer
The high or low of the candle. Every candle, no matter what time frame, it's high or low is the support or resistance for the next candle in that same time frame.
Thanks ;-), but my question was about 4h candle - in metaQ's 4 am candle starts at 4am and closes at 8 am, in Tradeinterseptor 4 am candle starts at midnight and closes at 4am - which one is for you 4am candle?
  • #598,050
  • Feb 22, 2012 2:21am Feb 22, 2012 2:21am
With the 1h touch of the 50% retrace of the uptrend last week, it helped to confirm a larger move up, for a bigger correction of the long term down trend.

S/R levels are same as the chart I posted last week, only addition is the white, current, triagle. Upper being nulified now, but a decent scalp BO.

30 min chart clearly shows this weeks 90ish pip range With higher and higher lows. And the top, 1.329-1.333 being our resistance. Until either 1.33 is broken, keep selling the top with a 10-15 pip SL. Until the rising lower TL is broken, or the lows around 1.318, keep buying the bottom.

Whenever the range breaks we should move again the size of the range.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 30m.jpg Size: 105 KB
Click to Enlarge Name: EU 1h.jpg Size: 114 KB
  • #598,051
  • Feb 22, 2012 2:25am Feb 22, 2012 2:25am
Still holding my long. TP 3270 - 3290. Pending short around the same level as TP.
  • #598,052
  • Feb 22, 2012 2:27am Feb 22, 2012 2:27am
Quoting pipsik
Thanks ;-), but my question was about 4h candle - in metaQ's 4 am candle starts at 4am and closes at 8 am, in Tradeinterseptor 4 am candle starts at midnight and closes at 4am - which one is for you 4am candle?
Sorry. Ok, on my chart the 9am candle is in progress, time now is 9:28am.
  • #598,053
  • Feb 22, 2012 2:31am Feb 22, 2012 2:31am
Quoting spiritbreezer
Sorry. Ok, on my chart the 9am candle is in progress, time now is 9:28am.
clear now thanks again
  • #598,054
  • Feb 22, 2012 2:31am Feb 22, 2012 2:31am
Let's see if we can reach 1,315x-6x this time
COT: The precious data ignored
  • #598,055
  • Feb 22, 2012 2:34am Feb 22, 2012 2:34am
Quoting 3in1coffee
Still holding my long. TP 3270 - 3290. Pending short around the same level as TP.
lol out with +25 pips.
  • #598,056
  • Feb 22, 2012 2:36am Feb 22, 2012 2:36am
Sold euro at 3248 target 3175

If this hour can close just above day open at 232 then sell again at 229. If swissy can close hour just below 9125, will buy at 9129 target 9175
  • #598,057
  • Feb 22, 2012 2:38am Feb 22, 2012 2:38am
Quoting 3in1coffee
lol out with +25 pips.
Better than nothing.
  • #598,058
  • Feb 22, 2012 2:39am Feb 22, 2012 2:39am
Quoting Azinvg
london opened 18 minutes ago right???
yes 38 mins ago
Mohan
  • #598,059
  • Feb 22, 2012 2:39am Feb 22, 2012 2:39am
Quoting kuroro001
Let's see if we can reach 1,315x-6x this time
GAP ending on the 1.3140 I think. Important is this place.
  • #598,060
  • Feb 22, 2012 2:45am Feb 22, 2012 2:45am
Quoting spiritbreezer
Sold euro at 3248 target 3175

If this hour can close just above day open at 232 then sell again at 229. If swissy can close hour just below 9125, will buy at 9129 target 9175
Sold euro at 3235 target 3180
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