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Fail Better

  • #3,461
  • May 12, 2012 2:34pm May 12, 2012 2:34pm
Quoting nymeria
Hi Jarroo! Its idoru from the private forum.

Daily SFP was very nice! I sat out for some silly reason.

Did you enter with a touch to the SFP level or wait for a one hour to pass the level and close below?

Hey idoru . . .its you!! . .I wondering who that smart trader was . .

The entry was not on the day of the SFP but on Friday (5/11). I used the Bearish Daily SFP from Wednesday (5/9) much like how Tom would use a Bearish Daily SFP . . . . as a bearish bias.

The Highest Close of Resistance level was just a great entry level, 1.0043 . The 4 Hour signature (no close above on the 4 Hour) held up great.
Attached Image(s) (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #3,462
  • May 12, 2012 2:37pm May 12, 2012 2:37pm
Quoting jarroo
Hey idoru . . .its you!! . .I wondering who that smart trader was . .

The entry was not on the day of the SFP but on Friday (5/11). I used the Bearish Daily SFP from Wednesday (5/9) much like how Tom would use a Bearish Daily SFP . . . . as a bearish bias.

The Highest Close of Resistance level was just a great entry level, 1.0043 . The 4 Hour signature (no close above on the 4 Hour) held up great.
I'm out of most of the position and now looking at this minor Daily HCR level (1.0024) that formed on Friday . .we'll see it there is more room to go on the down side . .
Attached Image (click to enlarge)
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Indicators show the past. Price Action "Indicates" the future.
  • #3,463
  • May 13, 2012 3:38am May 13, 2012 3:38am
What I'm watching going into Sunday.
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  • #3,464
  • May 13, 2012 5:48am May 13, 2012 5:48am
Thanks a lot to sam0182 and Quidsey for spotting and posting your setups frequently!
  • #3,465
  • May 14, 2012 6:48am May 14, 2012 6:48am
It seems to be a good level to go long,despite it's a cross....
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Patience is essential
  • #3,466
  • May 14, 2012 6:53am May 14, 2012 6:53am
Quoting APeng
Thanks a lot to sam0182 and Quidsey for spotting and posting your setups frequently!
Cheers Peng.
  • #3,467
  • May 14, 2012 7:11am May 14, 2012 7:11am
Hi guys watching EJ at 102.93 for RR - good recent support/multiple touches.
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  • #3,468
  • May 14, 2012 8:57am May 14, 2012 8:57am
Hey guys ^^

i have been lurking around this thread for some time now :nerd:

and going to leave the silent crowd and start throwing some charts and trades ^^
  • #3,469
  • May 14, 2012 9:08am May 14, 2012 9:08am
USDCHF

i am still looking to short this if it closes below the 0.9300 line

but if it doesnt and continues north then maybe a retest for that area to Buy?


anyone on board?
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  • #3,470
  • May 14, 2012 9:22am May 14, 2012 9:22am
Quoting benem
It seems to be a good level to go long,despite it's a cross....
I have missed it by few pips....
Patience is essential
  • #3,471
  • May 14, 2012 10:01am May 14, 2012 10:01am
Thanks for the heads up on the G/AUD level.
  • #3,472
  • May 14, 2012 10:11am May 14, 2012 10:11am
Quoting ezz
Hey guys ^^

i have been lurking around this thread for some time now :nerd:

and going to leave the silent crowd and start throwing some charts and trades ^^
kifak man.

U/CHF has already passed for me.
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  • #3,473
  • May 14, 2012 10:25am May 14, 2012 10:25am
Quoting sam0182
Thanks for the heads up on the G/AUD level.
It's a must
Patience is essential
  • #3,474
  • May 14, 2012 10:37am May 14, 2012 10:37am
Looking at Usd/chf for a pull back to the buy area....what do u think on this level?
Attached Image (click to enlarge)
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Patience is essential
  • #3,475
  • May 14, 2012 3:31pm May 14, 2012 3:31pm
Quoting benem
Looking at Usd/chf for a pull back to the buy area....what do u think on this level?
Looks like a possible scalp level.

Personally I'd want to see price move further away before the retest and create a swing before I traded it.

I think really good levels pop out at you.
  • #3,476
  • May 14, 2012 3:36pm May 14, 2012 3:36pm
Quoting ezz
Hey guys ^^

i have been lurking around this thread for some time now :nerd:

and going to leave the silent crowd and start throwing some charts and trades ^^
Hi.
  • #3,477
  • May 14, 2012 3:36pm May 14, 2012 3:36pm
Guys what do u think of Buying NZDUSD

if it closes above the current blue line?
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  • #3,478
  • May 14, 2012 4:03pm May 14, 2012 4:03pm
~79 on NU looks OK on the daily, not so much on the 1hr...something I would pass on, there are cleaner setups to be had.
  • #3,479
  • May 14, 2012 4:31pm May 14, 2012 4:31pm
Quoting Quidsey
Looks like a possible scalp level.

Personally I'd want to see price move further away before the retest and create a swing before I traded it.

I think really good levels pop out at you.
Just to add a chart to clarify what I meant.

Resistance/support built up over time and a nice push away with space before it comes back.

http://i1084.photobucket.com/albums/...OZ14052012.jpg
  • #3,480
  • May 14, 2012 4:46pm May 14, 2012 4:46pm
I've got an order in to buy the Bund at 143.02.

Anyone with me?
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