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  • #1,721
  • May 24, 2012 4:26am May 24, 2012 4:26am
Quoting lovejoy80
Final post for now on this subject (it is the subject of a fair amount of the emails I receive).

Dow futures from last night - a great time of day for retracements in the indices.

The first two bars marked pierce the previous swing low, these aren't FB's in my book - there is too much uncertainty as to whether this is demand consumption or a true sellers trap. So what happens next price dips further and again closes back above the previous swing low. This is the FB bar - why, because if the two previous bars were demand consumption then price...
Thanx very much sharing this priceless stuff with us
Pipcrawler
  • #1,722
  • May 24, 2012 4:39am May 24, 2012 4:39am
thought I post some FB setups of this morning,
Attached Image(s) (click to enlarge)
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Pipcrawler
  • #1,723
  • May 24, 2012 4:47am May 24, 2012 4:47am
I'am looking to sell E/J, at the breakpoint of a higher TF flag, I'am not sure though which supply I should take, both depicted supply's had some history backing them up, price at the moment seems to react at the lower supply
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Pipcrawler
  • #1,724
  • May 24, 2012 5:38am May 24, 2012 5:38am
Quoting xmzhang
Thanx very much sharing this priceless stuff with us
yeah,so much of gold information,u dont get to read so much on other crappy threads..
its helping for sure .

the only thing i dont follow are the M1-H1 TFs,lol.lives busy.

anyways credit goes to LJ!
  • #1,725
  • May 24, 2012 5:47am May 24, 2012 5:47am
Quoting xmzhang
thought I post some FB setups of this morning,
Very nice, especially the second example.
  • #1,726
  • May 24, 2012 5:48am May 24, 2012 5:48am
Quoting xmzhang
I'am looking to sell E/J, at the breakpoint of a higher TF flag, I'am not sure though which supply I should take, both depicted supply's had some history backing them up, price at the moment seems to react at the lower supply
The lower supply would have been my preferred zone to short, looks more fresh to me and it's a SD flip zone as well.
  • #1,727
  • May 24, 2012 6:20am May 24, 2012 6:20am
Shorted UJ at 79.36 for a scalp, SL @ 79.46
Attached Image (click to enlarge)
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  • #1,728
  • May 24, 2012 6:23am May 24, 2012 6:23am
Quoting Balhana
Yes, I was also tempted to short UCAD again at the daily S/D.

In the end, I shorted UCHF on QM at 0.9561, SL to BE+1 now, and set my TP @ 0.9540. I'm a bit drunk. I'm going to bed now.
Update on my drunk trade last night. Hit my TP (0.9540). +42 pips in total.
Attached Image
  • #1,729
  • May 24, 2012 6:32am May 24, 2012 6:32am
Quoting lovejoy80
Very nice, especially the second example.
Thank you, but for clearity I didn't took these FB trades, just trying to spot them in hindsight for practising, all the credits goes to you.
Pipcrawler
  • #1,730
  • May 24, 2012 6:40am May 24, 2012 6:40am
Quoting lovejoy80
The lower supply would have been my preferred zone to short, looks more fresh to me and it's a SD flip zone as well.
Sold EJ. looks like a HnS at the mentioned supply, 1st target @ 9950, pivot S1 is to far away
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Pipcrawler
  • #1,731
  • May 24, 2012 7:01am May 24, 2012 7:01am
EA long @ 1.2831, SL @ 1.2804
Attached Image (click to enlarge)
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  • #1,732
  • May 24, 2012 7:11am May 24, 2012 7:11am
Quoting Balhana
Shorted UJ at 79.36 for a scalp, SL @ 79.46
Cut the trdae at 79.40. -8 pips.
  • #1,733
  • May 24, 2012 7:13am May 24, 2012 7:13am
Quoting Balhana
EA long @ 1.2831, SL @ 1.2804
Moved SL to 1.2824
  • #1,734
  • May 24, 2012 7:17am May 24, 2012 7:17am
sold kiwi @ 15m-PB
Attached Image (click to enlarge)
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Pipcrawler
  • #1,735
  • May 24, 2012 7:21am May 24, 2012 7:21am
Quoting xmzhang
Sold EJ. looks like a HnS at the mentioned supply, 1st target @ 9950, pivot S1 is to far away
Closed manually @ BE+1, I've given 15 pips back to the market
Pipcrawler
  • #1,736
  • May 24, 2012 7:25am May 24, 2012 7:25am
Quoting Balhana
Moved SL to 1.2824
Update on EA Long. TP2 not yet decided.
Attached Image (click to enlarge)
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  • #1,737
  • May 24, 2012 7:38am May 24, 2012 7:38am
Quoting xmzhang
sold kiwi @ 15m-PB
Closed for a tiny profit ........ i'am to chicken to hold, price is moving up and down, probably waiting for data from US
Pipcrawler
  • #1,738
  • May 24, 2012 7:48am May 24, 2012 7:48am
Quoting Balhana
Update on EA Long. TP2 not yet decided.
As expected, the road bump (5M supply) is now obstructing my way.... But I have already moved up my SL. Not many pips to lose.
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  • #1,739
  • May 24, 2012 8:03am May 24, 2012 8:03am
Quoting Balhana
As expected, the road bump (5M supply) is now obstructing my way.... But I have already moved up my SL. Not many pips to lose.
Closed 1/2 at 1.2861 for +30 pips, and SL to 1.2838.
Attached Image (click to enlarge)
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  • #1,740
  • May 24, 2012 8:05am May 24, 2012 8:05am
Quoting Balhana
Closed 1/2 at 1.2861 for +30 pips, and SL to 1.2838.
Nice trade, I usually don't watch this pair, the spread on this pair is 10 pips
Pipcrawler
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