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  • #13,241
  • Mar 22, 2012 9:46am Mar 22, 2012 9:46am
Yes.
I have 1.3193 for deathzone for shorts - close to your 1.319
Looks like a possible DB on M5

For teh moment we are trading within a pennant, but close to the break on the upside 1.317
We now need to break 1.44 for further south


Quoting T@rantula
According to current intraday analysis 3190 is intraday resistance and presumably stops are placed there. Target is 3120-3115 break of it leads to 3085.

Break of 3190 will invalidate the shorts.
  • #13,242
  • Mar 22, 2012 9:50am Mar 22, 2012 9:50am
Quoting BrunargarFx
Yes.
I have 1.3193 for deathzone for shorts - close to your 1.319
Looks like a possible DB on M5

For teh moment we are trading within a pennant, but close to the break on the upside 1.317
We now need to break 1.44 for further south
For trend following intraday set and forget entry should be 3160-75 with stops slightly above 3190.

Countertrends are available on m1 or 3 pip range bars..can be traded both directions. trading on m1 or 3 pip range bars can produce 30-40 pips per day exposing both directions.
  • #13,243
  • Mar 22, 2012 9:57am Mar 22, 2012 9:57am
I sthat a diamond patern on H1 (last 3 bars including current hour)?
Isn't it a continuation pattern?
  • #13,244
  • Mar 22, 2012 10:27am Mar 22, 2012 10:27am
Quoting BrunargarFx
I sthat a diamond patern on H1 (last 3 bars including current hour)?
Isn't it a continuation pattern?
Can u provide the chart pls...Cant see it clearly on mine h1.

Usually diamond pattern is bullish, not a continuation one.
  • #13,245
  • Mar 22, 2012 10:40am Mar 22, 2012 10:40am
Dammit. I feared that.
I hope 1.319 holds
Quoting T@rantula
Can u provide the chart pls...Cant see it clearly on mine h1.

Usually diamond pattern is bullish, not a continuation one.
Attached Image (click to enlarge)
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  • #13,246
  • Mar 22, 2012 10:43am Mar 22, 2012 10:43am
Quoting T@rantula
Can u provide the chart pls...Cant see it clearly on mine h1.

Usually diamond pattern is bullish, not a continuation one.
Mr.B u saw it right, if there was one. 3195..could be interesting now, almost got in at 75 with a short but movement was too fast...We have 2 imortant conferences today, best it to stay sideways or scalp m1 m5 chart. If h1 closes above 3180-3190 and next 30m candle closes below 3170, shorts be valid again.

I would like to see that and I will trade it. Thats called False spike technique.
  • #13,247
  • Mar 22, 2012 10:54am Mar 22, 2012 10:54am
I took a short at 50% but it didnt look to good and closed at BE.

Thinking of a long, watching the hour TF- this went from hour support...
  • #13,248
  • Mar 22, 2012 11:00am Mar 22, 2012 11:00am
Hi T.

I was going through posts to see what diamond pattern held.
I was also thinking about putting a L @ 1.3175 but didn't work either
I am stuck with my S @ 1.315, I have put the SL @ 1.321
Same SL for the rest of my positions.
Other alternative is that we are within a BULLFLAG (UTL and LTL from tops and bottoms of last 2 days)...

Price is hanging around the 1.3193 mark, which is my position for shorting again. I won't add now
Quoting T@rantula
Mr.B u saw it right, if there was one. 3195..could be interesting now, almost got in at 75 with a short but movement was too fast...We have 2 imortant conferences today, best it to stay sideways or scalp m1 m5 chart. If h1 closes above 3180-3190 and next 30m candle closes below 3170, shorts be valid again.

I would like to see that and I will trade it. Thats called False spike technique.
  • #13,249
  • Mar 22, 2012 11:02am Mar 22, 2012 11:02am
Looked at some pairs and see some usd weakening, just pound and euro charts showing some possibilities of shorting.

Euro at 50%.
Pound at resistance.

Struggling for a decision.. Will wait for the speech, this should be the best thing to do.
  • #13,250
  • Mar 22, 2012 11:08am Mar 22, 2012 11:08am
Quoting BrunargarFx
Hi T.

I was going through posts to see what diamond pattern held.
I was also thinking about putting a L @ 1.3175 but didn't work either
I am stuck with my S @ 1.315, I have put the SL @ 1.321
Same SL for the rest of my positions.
Other alternative is that we are within a BULLFLAG (UTL and LTL from tops and bottoms of last 2 days)...

Price is hanging around the 1.3193 mark, which is my position for shorting again. I won't add now
We will see after the news are traded out. Could be also a false spike. 60 pips stop loss...as u already know the only correct way for setting up SL is a percentage of your overall account capital.

If 60 pips equals to 2-3% and if it is the only trade opened then its ok.
  • #13,251
  • Mar 22, 2012 11:12am Mar 22, 2012 11:12am
Quoting huskyboy
have a small buy @ 3154 sl 3134 tp 3204, watching it carefully
3157 is 61%fib from 3485/2627

missed some pips, but that s-line surely held and bullish divergence played well
  • #13,252
  • Mar 22, 2012 11:22am Mar 22, 2012 11:22am
Well, it's ok because I made a good run this morning from 1.3224
Only closed 1/2 for 74 pips

I reloaded s @ 1.315 so even @ 1.3210 I'm in the green for the day but not by much.

A move to 1.3288 was highly predictable when I think about it.In fact this could be a great place to short. I should have waited to reload. That's what happens when you go against your rules.. The market is not forgiving








Quoting T@rantula
We will see after the news are traded out. Could be also a false spike. 60 pips stop loss...as u already know the only correct way for setting up SL is a percentage of your overall account capital.

If 60 pips equals to 2-3% and if it is the only trade opened then its ok.
  • #13,253
  • Mar 22, 2012 11:30am Mar 22, 2012 11:30am
Quoting T@rantula
Mr.B u saw it right, if there was one. 3195..could be interesting now, almost got in at 75 with a short but movement was too fast...We have 2 imortant conferences today, best it to stay sideways or scalp m1 m5 chart. If h1 closes above 3180-3190 and next 30m candle closes below 3170, shorts be valid again.

I would like to see that and I will trade it. Thats called False spike technique.
Not good enough...False break not confirmed.

I will enter a short on cable

E:1.5820
SL: 1.5830
TP: at will
  • #13,254
  • Mar 22, 2012 11:36am Mar 22, 2012 11:36am
good call, very nice bearflag on Cable
Quoting T@rantula
Not good enough...False break not confirmed.

I will enter a short on cable

E:1.5820
SL: 1.5830
TP: at will
  • #13,255
  • Mar 22, 2012 11:49am Mar 22, 2012 11:49am
Quoting BrunargarFx
good call, very nice bearflag on Cable
Yep closing it with +12, i was leveraged a bit higher..
  • #13,256
  • Mar 22, 2012 12:05pm Mar 22, 2012 12:05pm
Quoting T@rantula
Yep closing it with +12, i was leveraged a bit higher..
looking for investors . pm me
  • #13,257
  • Mar 22, 2012 12:08pm Mar 22, 2012 12:08pm
Euro is going down atm, I may get away with it
  • #13,258
  • Mar 22, 2012 12:09pm Mar 22, 2012 12:09pm
Gee the whole day im just catching small pips. Like 5-10...

Dont know how this will go now if 3174 holds wont be good for shorts.

Opened one at 3190 but dont know if i would hold?? 3/5 is already closed at 10 pips...

Ah ill let it go if it breaks breaks..
  • #13,259
  • Mar 22, 2012 12:56pm Mar 22, 2012 12:56pm
No momentum right now, If 3160 holds 3220 is possible again.
  • #13,260
  • Mar 22, 2012 12:56pm Mar 22, 2012 12:56pm
for me i gonna try 3241 short. with tight stop like 10 pips. target 3090
looking for investors . pm me
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