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Price is everything

  • #28,581
  • May 18, 2012 3:28pm May 18, 2012 3:28pm
Two nice opportunities to buy EURGBP (candle open above green arrows on chart).
First opportunity was after the 1 hour closed above the two previous exhaustion candles.
The next opportunity was after it had broken the resistance line (.8850), and it failed the retest of the line (now support).
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  • #28,582
  • Edited 8:00am May 19, 2012 7:47am | Edited 8:00am
Keeping an eye on these levels. Too bad I was late for the party on the lower level.

The white band comes from here.

..
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  • #28,583
  • May 22, 2012 5:45am May 22, 2012 5:45am
Hope it's useful for any who's interested.

http://www.general-files.com/download/gs4e02f166hfi0/Sam%20Seiden's%20Lesson%20%231%20slides%20.pdf.html

Cheers,
Sniffing Snake's Tracks...
  • #28,584
  • Edited 11:37am May 22, 2012 8:11am | Edited 11:37am
EURGBP found resistance on the long-term trendline, and broke through the upward channel. The upward sloping trendline is now serving as resistance.
You could short the pair with a stop a few pips above the long-term trendline. If it takes out your stop and holds above the trendline, the uptrend should resume, and you can most likely make back your lost pips.
Major support at .8048.
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  • #28,585
  • May 22, 2012 11:33am May 22, 2012 11:33am
Does anyone follow this thread anymore?
There have been some great posts in here in the past, but nobody else seems to be contributing their own setups or commenting on my posts.
If nobody is interested, I'll quit wasting my time.
  • #28,586
  • May 22, 2012 11:54am May 22, 2012 11:54am
Quoting Hookem28
Does anyone follow this thread anymore?
There have been some great posts in here in the past, but nobody else seems to be contributing their own setups or commenting on my posts.
If nobody is interested, I'll quit wasting my time.
Hookem, we're glad you're here

we spend most time in the chatroom and acegazette now

drop in any time
  • #28,587
  • May 22, 2012 12:26pm May 22, 2012 12:26pm
Quoting FX.Sniffer
Hope it's useful for any who's interested.

http://www.general-files.com/download/gs4e02f166hfi0/Sam%20Seiden's%20Lesson%20%231%20slides%20.pdf.html

Cheers,
Awesome, thanks!!!!
  • #28,588
  • May 22, 2012 1:21pm May 22, 2012 1:21pm
Quoting Ifmyante
Hookem, we're glad you're here

we spend most time in the chatroom and acegazette now

drop in any time
What is this acegazette of which you speak?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #28,589
  • May 22, 2012 1:30pm May 22, 2012 1:30pm
its a new forum i believe IF has started along with some other great traders.
http://www.acegazette.com/community.html#/
  • #28,590
  • May 22, 2012 2:52pm May 22, 2012 2:52pm
Quoting TheMaxx
Awesome, thanks!!!!
You're welcome, consider it as an introduction to S/D before advancing to the stuff in PIE, RTP and chat room.

Cheers,
Sniffing Snake's Tracks...
  • #28,591
  • May 22, 2012 8:37pm May 22, 2012 8:37pm
Quoting Ifmyante
Hookem, we're glad you're here

we spend most time in the chatroom and acegazette now

drop in any time
Cool! I'll check it out.
  • #28,592
  • May 22, 2012 11:41pm May 22, 2012 11:41pm
looks like there may be some retraces coming

Before anyone asks I am using the Sweet Spot Indicator here http://www.forexfactory.com/showthread.php?p=3172774
Has helped my eyes.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #28,593
  • May 23, 2012 6:50am May 23, 2012 6:50am
try a shoot on looney
Attached Image
Simplicity Is The Ultimate Sophistication ~LDV~
  • #28,594
  • May 23, 2012 12:21pm May 23, 2012 12:21pm
Price will often react at the round numbers 00 25 50 75 My thoughts on the outcome of today. I was looking for retraces, but still pocketed some pips
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #28,595
  • May 23, 2012 8:22pm May 23, 2012 8:22pm
Quoting HiddenGap
What is this acegazette of which you speak?
This really impressed me after the bounce last Friday. I'm not sure if this zone is correct; should the zone be larger because of the multiple bearish bars during the move that created the gap? (the vsa stuff still baffles me)

Thank you.

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Charts are limited in nature. What is the relative location?
  • #28,596
  • May 24, 2012 4:24am May 24, 2012 4:24am
Man, should've left this as set and forget, as I originally intended
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  • #28,597
  • May 24, 2012 5:39am May 24, 2012 5:39am
Quoting Ifmyante
Man, should've left this as set and forget, as I originally intended
Crushing R:R
W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #28,598
  • May 24, 2012 5:41am May 24, 2012 5:41am
Quoting kruger
Crushing R:R
Yup. These trades can multiply accounts with ease
  • #28,599
  • May 24, 2012 6:55am May 24, 2012 6:55am
EU short
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W Szczebrzeszynie chrząszcz brzmi w trzcinie
  • #28,600
  • May 24, 2012 7:05am May 24, 2012 7:05am
hi kruger!
im short too....tho u had better entry than me.
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