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  • #21
  • May 1, 2012 8:23pm May 1, 2012 8:23pm
Quoting gnomoneey
sorry

1656.75 according to my mt4
Yup Btw on a smaller time frame this trend line might come to play
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 25 KB
MMMYYYKKK
  • #22
  • May 1, 2012 8:28pm May 1, 2012 8:28pm
Quoting myk
Yup Btw on a smaller time frame this trend line might come to play
im newbie and havent attached a file yet...can i try?
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  • #23
  • May 1, 2012 8:31pm May 1, 2012 8:31pm
looks like your chart
Attached Image (click to enlarge)
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  • #24
  • May 1, 2012 8:33pm May 1, 2012 8:33pm
Quoting gnomoneey
im newbie and havent attached a file yet...can i try?
Sure Buddy
You have nice clean charts .New and old doesn't matter the thing which matters is learning from mistakes .
MMMYYYKKK
  • #25
  • May 1, 2012 8:46pm May 1, 2012 8:46pm
what about this maybe good short for eurgbp h4
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  • #26
  • May 1, 2012 8:48pm May 1, 2012 8:48pm
Quoting gnomoneey
what about this maybe good short for eurgbp h4

sorry attachment on
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 19 KB
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  • #27
  • May 1, 2012 8:52pm May 1, 2012 8:52pm
Quoting gnomoneey
what about this maybe good short for eurgbp h4
Can be entered but ideal time for it is gone
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 24 KB
MMMYYYKKK
  • #28
  • May 1, 2012 9:02pm May 1, 2012 9:02pm
Trading along the Grey line
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MMMYYYKKK
  • #29
  • May 1, 2012 9:06pm May 1, 2012 9:06pm
Quoting myk
Can be entered but ideal time for it is gone
is it because the current price is in the middle of the channel?
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  • #30
  • May 1, 2012 9:08pm May 1, 2012 9:08pm
Quoting gnomoneey
is it because the current price is in the middle of the channel?
Yup difficult to place stop-loss when your entry is not good
MMMYYYKKK
  • #31
  • May 1, 2012 9:48pm May 1, 2012 9:48pm
Quoting myk
Forgot Gbp/usd
myk hope you dont get mad just trying to learn and see if i can pickup different ways of looking at a chart by simple trendlines and channel with fib...

the h1 is almost at bottom of the (red)channel support
but if h1 channel support breaks we go to h4(green) support around 1.60
h4(green) shows we are topping the channel....
we may go up to about 1.638x and bounce down or break channel
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.gif Size: 33 KB
Click to Enlarge Name: gbpusdh1.gif Size: 24 KB
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  • #32
  • May 1, 2012 10:26pm May 1, 2012 10:26pm
Great idea to have a new thread, some of the others are often filled with completely off topic posts

Interesting GU trend line break or fakeout. I'm short again though after though after all these 15m tweezer candles, betting on 1.616 at least but the trendline is strong, and it didn't break that convincingly yet. didnt place stop yet but it will be at 1.625.. i dont recommend going against the trend but i profited from 1.63 down to 1.62 so i have so pips to spare. that bearish engulfing candle is nasty too which is where my stop is
Attached Image(s) (click to enlarge)
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  • #33
  • May 1, 2012 11:45pm May 1, 2012 11:45pm
Hi,

what I experience is sometimes when the trendline with ref to your GBPUSD chart gets to steep, it might get some retracement to the downside before further upside. What do you think?

I am just bringing this up for discussion purpose. Thanks,
  • #34
  • May 2, 2012 3:21am May 2, 2012 3:21am
Quoting iPipSnatcher
Great idea to have a new thread, some of the others are often filled with completely off topic posts

Interesting GU trend line break or fakeout. I'm short again though after though after all these 15m tweezer candles, betting on 1.616 at least but the trendline is strong, and it didn't break that convincingly yet. didnt place stop yet but it will be at 1.625.. i dont recommend going against the trend but i profited from 1.63 down to 1.62 so i have so pips to spare. that bearish engulfing candle is nasty too which is where my stop is
well best of luck with ur trade there is no harm in going against when a move is exhausted
MMMYYYKKK
  • #35
  • May 2, 2012 3:22am May 2, 2012 3:22am
Quoting Nyse Swat
Hi,

what I experience is sometimes when the trendline with ref to your GBPUSD chart gets to steep, it might get some retracement to the downside before further upside. What do you think?

I am just bringing this up for discussion purpose. Thanks,
sure
MMMYYYKKK
  • #36
  • May 2, 2012 3:24am May 2, 2012 3:24am
Trend-line broken should look for 3020-3050 area.
Attached Image (click to enlarge)
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MMMYYYKKK
  • #37
  • May 2, 2012 4:41am May 2, 2012 4:41am
Quoting gnomoneey

the h1 is almost at bottom of the (red)channel support
currently we broke now we have support around 1.617x area...a break will bring us to 1.6160 in the next 1.5hr
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdm30.gif Size: 26 KB
Click to Enlarge Name: gbpusdh4.gif Size: 28 KB
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  • #38
  • May 2, 2012 5:14am May 2, 2012 5:14am
Quoting gnomoneey
what about this maybe good short for eurgbp h4
showed at 0.8143 now 0.8114 with acurrent bounce off channel
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.gif Size: 27 KB
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  • #39
  • May 2, 2012 7:13am May 2, 2012 7:13am
Quoting gnomoneey
currently we broke now we have support around 1.617x area...a break will bring us to 1.6160 in the next 1.5hr
still dropping....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.gif Size: 28 KB
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  • #40
  • May 2, 2012 7:37am May 2, 2012 7:37am
Quoting myk
Yup 3240-3245 level should act as a pivot.

Nice,sold off from that level a treat,only got a few small
scalps on the way down cause i was still looking for a bit more
on the upside, profit is profit though.
You can remain irrational longer than you can remain solvent.
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