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PA by Julexo

  • #281
  • May 1, 2012 11:32am May 1, 2012 11:32am
some euro ..
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looking for investors . pm me
  • #282
  • May 1, 2012 3:04pm May 1, 2012 3:04pm
Quoting isengoz
well, I think the area I highlighted with a circle might be a turning point (btw. 1.3280-3285) and have a pending sell limit at 1.3282.

edit: wow, the price went just to 1.3283 and hit my +30 pips TP in 6 minutes. very nice action thanks to news. by the way, this was my first trade using this kind of analysis. not bad for a beginning...
Good job.
  • #283
  • Edited 11:09pm May 1, 2012 10:12pm | Edited 11:09pm
Hi Julexo and guys,

Just wondering, when you trade this kind of PA do you use limit orders or market orders?

Do you guys:
1) mark out a quality S/D level and put a limit order there or
2) zoom to lower timeframe and enter once rejection bars are formed on the levels?

Cheers.
  • #284
  • May 1, 2012 10:43pm May 1, 2012 10:43pm
Quoting MitchWorse
perfect hit on daily TL.

Swingin' it. Now stay down...
what does 3rd lower tap mean? is it 3rd tap in the trendline or kind of a pattern?
  • #285
  • May 2, 2012 12:31am May 2, 2012 12:31am
here's a beauty!

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  • #286
  • May 2, 2012 2:19am May 2, 2012 2:19am
Quoting finalz
Hi Julexo and guys,

Just wondering, when you trade this kind of PA do you use limit orders or market orders?

Do you guys:
1) mark out a quality S/D level and put a limit order there or
2) zoom to lower timeframe and enter once rejection bars are formed on the levels?

Cheers.
i rarely use limit orders. s/d don't guarantee anything, it's just a place to watch for an IF...THEN scenario.

IF price reacts THEN high probability for a turn.

So i pick 2 from your list
  • #287
  • May 2, 2012 2:27am May 2, 2012 2:27am
Quoting needtolearn
what does 3rd lower tap mean? is it 3rd tap in the trendline or kind of a pattern?
Lower top = weakness.
Was looking for a triangle, flat bottom, lower tops.

If that upper trendline holds, it will most likely go for the bottom.(test demand)

Right now there's another trendline in play that could destroy the whole bearish setup. watching closely, no time for chats
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  • #288
  • May 2, 2012 2:40am May 2, 2012 2:40am
hey mitch, thanks for your reply

Great thread guys, keep it going!
  • #289
  • May 2, 2012 2:58am May 2, 2012 2:58am
Quoting fxstir
Good job.
hi all,

this morning looking at the charts price was testing the lower band and with Frankfurt the band showed weakness by letting the price drop below. with the retrace I got into a sell and already reached my daily target with a r:r of 1:3. well, I may get used to that

@fxstir: thanx for the appreciation buddy...

ps: by looking at the situation at the moment, I guess I quit too early. yesterday, it was also the same. I think I should work on my exits...
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  • #290
  • May 2, 2012 3:39am May 2, 2012 3:39am
flat.

flag = done. possible demand.

High TF still bear, Low TF watching for bounce/test of TL/flag(supply).
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  • #291
  • May 2, 2012 3:46am May 2, 2012 3:46am
Closed my remaining EU shorts.

This is interesting. However; there is a lot of negative Eurozone news at the moment. And, that combined with the recent bank holiday means that I am just watching right now. If a change in sentiment continues there will be plenty of opportunity to short the Euro.

Off to get some zzzzs

Happy Trades,
fxstir
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  • #292
  • May 2, 2012 3:53am May 2, 2012 3:53am
how keeping everyone? hope all green days
  • #293
  • May 2, 2012 3:53am May 2, 2012 3:53am
I c nice charts gays posting...very good
  • #294
  • May 2, 2012 4:04am May 2, 2012 4:04am
You're done sleeping?

I'm glad i've got franky/london and NY perfectly lined up with the daytime.
Fresh each morning
  • #295
  • May 2, 2012 4:17am May 2, 2012 4:17am
PA SCALP
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  • #296
  • May 2, 2012 4:40am May 2, 2012 4:40am
Quoting AlienFrog
Nice, Mitch!

I have the same TL on my chart...

Already got back my lost 31 pips and more. Planning to hold this for a few days, tg around 200 pips. Good RR if I'm right!
So this morning when I woke up this trade was +129.

I wanted to use this trade to train my emotions in waiting out longer term trades but this voice in my head was screaming louder and louder "NEVER LET A WINNER TURN INTO A LOSER!!!"

I couldn't stand it! So I closed the trade.
Luck occurs when preparation meets with opportunity.
  • #297
  • May 2, 2012 4:41am May 2, 2012 4:41am
Market showing finger
  • #298
  • May 2, 2012 4:50am May 2, 2012 4:50am
if I'm wrong that's my fault...
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  • #299
  • May 2, 2012 4:51am May 2, 2012 4:51am
if they want to catch me...I let them do...
  • #300
  • May 2, 2012 4:52am May 2, 2012 4:52am
Quoting AlienFrog
So this morning when I woke up this trade was +129.

I wanted to use this trade to train my emotions in waiting out longer term trades but this voice in my head was screaming louder and louder "NEVER LET A WINNER TURN INTO A LOSER!!!"

I couldn't stand it! So I closed the trade.
Plenty of opportunities to come.
Anytime you catch yourself dreaming => get out.
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