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  • #3,801
  • Jun 20, 2012 4:13am Jun 20, 2012 4:13am
Quoting adam777
4h chart - Short usdcad @ 1.0200 - pending limit order at daily support
with u on usdcad short here Adam, its a buttkiss i like, lol
buttkiss entries that work tend to move well far away from the level atleast to fta.
and it now formed a beob on the hrly which seems to be breaking now.(me thinks) coming off daily 1.02 resistance.
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Simplicity is the key to success
  • #3,802
  • Jun 20, 2012 4:43am Jun 20, 2012 4:43am
Quoting squeezy
1.014 wld be my FTA and not really where i wld be looking to buy.
that initial stall has made me to move my order a bit higher around 260 expecting a breach of the 250ish zone...
patiently watching pa around this zone, shld have orders sitting @ this level.
same thing with kiwi
let's see how it develops
Short audusd @ 1.0225 then reverse at 1.014 ?
WARNING: Don't follow me as I'm just learning
  • #3,803
  • Jun 20, 2012 6:13am Jun 20, 2012 6:13am
waiting for break and retest 28.29
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  • #3,804
  • Jun 20, 2012 6:49am Jun 20, 2012 6:49am
Could be something of interest here for re-test traders. Note that the break-out bar is also a break of a 4H BUOB.

What do you guys think?
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  • #3,805
  • Edited 7:16am Jun 20, 2012 7:14am | Edited 7:16am
Quoting adam777
Short audusd @ 1.0225 then reverse at 1.014 ?
1.014 wld be fta if i were to short audusd but it wldnt even be from 1.0225...it wld be a bit higher around 1.026 and i wldnt reverse from 1.014 but instead wld hold for further drop.
watching pa around short zone and it seems to be stalling/hesitating around there...making me a bit cautious, going to watch pa further.
will update later, evenif its a loss
cheers

edit: watching other aud pairs might just give a clue or 2, who knows
Simplicity is the key to success
  • #3,806
  • Jun 20, 2012 7:29am Jun 20, 2012 7:29am
here are some nice touches
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  • #3,807
  • Jun 20, 2012 8:06am Jun 20, 2012 8:06am
Quoting mazdaq100
I still have my order in - I know that bar got close but I think it is a really strong level, around 5 touches so another reaction is possible if it retests. My order is a little higher though, just above 1.0200.

Came back missed my entry by 1.2 pips on my feed. Took my order off.


Thanks for the input.
  • #3,808
  • Jun 20, 2012 8:14am Jun 20, 2012 8:14am
Quoting Caesar
Came back missed my entry by 1.2 pips on my feed. Took my order off.


Thanks for the input.
I was too greedy with my entry but nothing you can do about it!
  • #3,809
  • Jun 20, 2012 8:18am Jun 20, 2012 8:18am
Quoting astock
here are some nice touches
that's the spider right there, breakout & retest then price shooting up is what i wld like to see.
Simplicity is the key to success
  • #3,810
  • Jun 20, 2012 10:53am Jun 20, 2012 10:53am
Solid breakout on EUR/JPY. Looking for possible retest once dust settles after FOMC.
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  • #3,811
  • Jun 20, 2012 1:03pm Jun 20, 2012 1:03pm
Quoting Chris_B
Hi Malarky...

I think you don't have to worry....I'm having the same problem...many times I can't see good setups until they are gone...but I think it's only a matter of experience and time dedication...
I mark the levels on Daily timeframe then I have my chart on 1H...and wait for the price to go there....
The difficult part is choosing the best levels...but again...it will go better with experience...

after entering at the 1H timeframe. do you mark area of target or FTA based on daily chart or 1HR. sorry for this newbie question because i just found this wonderful thread
  • #3,812
  • Jun 20, 2012 2:22pm Jun 20, 2012 2:22pm
break-retest
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  • #3,813
  • Jun 20, 2012 3:17pm Jun 20, 2012 3:17pm
Quoting letonz
after entering at the 1H timeframe. do you mark area of target or FTA based on daily chart or 1HR. sorry for this newbie question because i just found this wonderful thread
FTA is based on H1 charts unless you have D1 bias (e.g. pinbar, SFP, outside bar) when you would base your target on the D1 chart. I recommend reading the whole thread before diving in.
  • #3,814
  • Jun 20, 2012 4:43pm Jun 20, 2012 4:43pm
Quoting squeezy
1.014 wld be fta if i were to short audusd but it wldnt even be from 1.0225...it wld be a bit higher around 1.026 and i wldnt reverse from 1.014 but instead wld hold for further drop.
watching pa around short zone and it seems to be stalling/hesitating around there...making me a bit cautious, going to watch pa further.
will update later, evenif its a loss
cheers

edit: watching other aud pairs might just give a clue or 2, who knows
Audusd hit 1.014 'ish first and then 1.0225 'ish second

Thankyou for sharing your knowledge and giving me a hand. I am posting to get feedback from more experienced traders such as yourself and learn to win more consistently.

Cheers
WARNING: Don't follow me as I'm just learning
  • #3,815
  • Jun 20, 2012 11:21pm Jun 20, 2012 11:21pm
fyi - 51000 non commercials are short in au
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  • #3,816
  • Jun 21, 2012 1:47am Jun 21, 2012 1:47am
Quoting adam777
Audusd hit 1.014 'ish first and then 1.0225 'ish second

Thankyou for sharing your knowledge and giving me a hand. I am posting to get feedback from more experienced traders such as yourself and learn to win more consistently.

Cheers
that's support & resistance for you, where orders are suspected to be. didnt get my order triggered as it was a bit higher.
now price is in btw those 2 levels, i wldnt mind another retest though.(still watching & waiting)
let's watch kiwi also as its' very similar.
many pips
Simplicity is the key to success
  • #3,817
  • Jun 21, 2012 10:05am Jun 21, 2012 10:05am
Looking at retests of GBP/USD 1.56 and USD/JPY 79.78
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  • #3,818
  • Jun 21, 2012 3:04pm Jun 21, 2012 3:04pm
Anyone fancy going long @parity on the Aussie? .... bit late in the day for me.
  • #3,819
  • Jun 21, 2012 4:39pm Jun 21, 2012 4:39pm
Quoting Quidsey
Anyone fancy going long @parity on the Aussie? .... bit late in the day for me.

Not for me as it's second time back for me (I took the first time back last Friday - the red arrow marks my entry). I sometimes consider second time back trades if it SFPs the first retest, but in this case it was a very minor swing so I'll pass.
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  • #3,820
  • Jun 21, 2012 4:46pm Jun 21, 2012 4:46pm
I'm now long GBP/USD from 1.5581, targetting the relatively conservative FTA at 1.5615.

I moved my entry down from 1.5597 following the close-ish miss yesterday and to get confluence with the newly forming trendline
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