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Fail Better

  • #3,941
  • Jul 11, 2012 1:04am Jul 11, 2012 1:04am
Nice charts

Quoting 9047
Some VERY ROUGH and QUICK charts -
  • #3,942
  • Jul 11, 2012 1:42am Jul 11, 2012 1:42am
My charts
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej.jpg Size: 107 KB
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Click to Enlarge Name: nu.jpg Size: 110 KB
Click to Enlarge Name: ucad.jpg Size: 107 KB
  • #3,943
  • Jul 11, 2012 5:08am Jul 11, 2012 5:08am
Do u think gu is at a good level to short ?

http://i.imgur.com/zn92o.jpg
  • #3,944
  • Jul 11, 2012 5:50am Jul 11, 2012 5:50am
Quoting letonz
Do u think gu is at a good level to short ?
Might work as it was a previous 2 touch level but price didn't move very cleanly through it last time so not a AAA level.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-07-2012 11-46-59.png Size: 261 KB
  • #3,945
  • Jul 11, 2012 5:51am Jul 11, 2012 5:51am
Quoting sam0182
My charts
Great charts. I think I'll add GBPJPY to my watchlist.
  • #3,946
  • Jul 11, 2012 5:58am Jul 11, 2012 5:58am
Quoting letonz
Do u think gu is at a good level to short ?
This level might be better but you'd ideally want another confluence factor to play it (according to the plan).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.png Size: 308 KB
  • #3,947
  • Jul 11, 2012 6:01am Jul 11, 2012 6:01am
Quoting daveone
thats my oppinion on eur/jpy. what do you guys think about it?

http://www.abload.de/img/eurjpyzkyji.gif
i do not understand ?? whats your opinion now ??
  • #3,948
  • Jul 11, 2012 6:12am Jul 11, 2012 6:12am
Quoting C-12
Gold looks like a 2 touch (would prefer more space) and a fib. Notice how nice the previous rounded retest was.

Also my phone beeped confirming my USDCAD short just triggered. Let's see how this looks in the morning.
Pulled the plug on the gold trade for BE. Not interested in shorting gold with CAD, AUD and NZD rallying hard against the USD.

USDCAD hit FTA and then went further. No D1 bias so didn't try to run it.
  • #3,949
  • Jul 11, 2012 6:22am Jul 11, 2012 6:22am
Quoting C-12
Pulled the plug on the gold trade for BE. Not interested in shorting gold with CAD, AUD and NZD rallying hard against the USD.

USDCAD hit FTA and then went further. No D1 bias so didn't try to run it.
i still holding my short trade for UC. if there a good 4hrly close, i would target around 1.0120
  • #3,950
  • Jul 11, 2012 6:28am Jul 11, 2012 6:28am
Quoting letonz
i still holding my short trade for UC. if there a good 4hrly close, i would target around 1.0120
Keep an eye on 1.0158.
  • #3,951
  • Jul 11, 2012 9:03am Jul 11, 2012 9:03am
Quoting kompi
a misunderstanding,blue lines are the previous highs and lows, not Target....here's the idea in the following graph, apologize if I created confusion ...

That was the idea.
risk now .............. 0
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPJ H1.jpg Size: 180 KB
my English is not very good ...
  • #3,952
  • Jul 12, 2012 1:31am Jul 12, 2012 1:31am
Quoting astock
i do not understand ?? whats your opinion now ??
Waiting for the RRT to happen and going short at around 98.565. TP at FTA (the bottom red dotted line). Dont know if price has already moved too far away from my entry level to form a proper RRT. In my oppinion its quite a nice level because of its confluence between D1 and H4.

I would very much appreciate hearing your oppinions about that .
  • #3,953
  • Jul 12, 2012 2:12am Jul 12, 2012 2:12am
Quoting daveone
Waiting for the RRT to happen and going short at around 98.565. TP at FTA (the bottom red dotted line). Dont know if price has already moved too far away from my entry level to form a proper RRT. In my oppinion its quite a nice level because of its confluence between D1 and H4.

I would very much appreciate hearing your oppinions about that .
thanks a lot, now the things are very clear. 2 nice touches, maybe need one more factor of confluence.
regards, as
  • #3,954
  • Jul 12, 2012 2:13am Jul 12, 2012 2:13am
Ok it's crap pair but here's a nice setup which would be awesome on a major.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF.png Size: 30 KB
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  • #3,955
  • Jul 12, 2012 3:36am Jul 12, 2012 3:36am
my watchlist for nz

http://i.imgur.com/VBlfc.jpg
  • #3,956
  • Jul 12, 2012 3:53pm Jul 12, 2012 3:53pm
Could someone confirm for me if this BEOB is also what Tom would consider an SFP on the AUDNZD Daily? And if so, what do you think about it's location for a potential short?

Thank you.
/a.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD_D_71212.JPG Size: 111 KB
  • #3,957
  • Jul 12, 2012 4:28pm Jul 12, 2012 4:28pm
Quoting Mebius
Could someone confirm for me if this BEOB is also what Tom would consider an SFP on the AUDNZD Daily?
Hi Mebius

I believe the short answer is no, that's not an SFP as you're comparing it to previous price action that doesn't feature a significant swing

I don't pay attention to BEOB's really so someone else will have to assist there

Cheers

Robert
  • #3,958
  • Jul 13, 2012 12:24am Jul 13, 2012 12:24am
Short NzdUsd
Attached Image (click to enlarge)
Click to Enlarge Name: NzdUsd1.png Size: 50 KB
Patience is essential
  • #3,959
  • Jul 13, 2012 1:23am Jul 13, 2012 1:23am
Quoting benem
Short NzdUsd
yes a very good setup
  • #3,960
  • Jul 13, 2012 1:28am Jul 13, 2012 1:28am
Quoting Mebius
Could someone confirm for me if this BEOB is also what Tom would consider an SFP on the AUDNZD Daily? And if so, what do you think about it's location for a potential short?

Thank you.
/a.
Definitely not an SFP. Also this is a currency cross pair (ie - non USD).

A quick look shows a large BEOB that's already retraced 38% (even before the bar activates!)

Tom uses daily outside bars as a bias for general direction but this one has no space to move at all.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.png Size: 23 KB
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