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Happs Trading System

  • #841
  • Jul 19, 2012 3:03am Jul 19, 2012 3:03am
Quoting stevefx
Hey Phik,

Yes that was scalp territory only, penultimate highs/zone. Was sleeping when it went down.

However, I am getting some from the rejection of the primary.

Seems like a pretty solid first rejection. Lets see how it holds up.
Yeeeh, tigh stop there. Nice pin on the hourly, but too big for my taste...
  • #842
  • Jul 19, 2012 3:07am Jul 19, 2012 3:07am
Quoting Phiksalamuk
Yeeeh, tigh stop there. Nice pin on the hourly, but too big for my taste...
Yeah, went in on the 15 min. I've had a decent week but only a few trades so looking to get a little more.
  • #843
  • Jul 19, 2012 3:12am Jul 19, 2012 3:12am
This is also what I mean about looking at H4 patterns with supply/demand zones.

Pin on H4 left in primary supply with body left in secondary supply. Very bearish.
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  • #844
  • Jul 19, 2012 3:40am Jul 19, 2012 3:40am
Out half +30. The other half set to BE. Letting it run.
  • #845
  • Jul 19, 2012 3:49am Jul 19, 2012 3:49am
Quoting stevefx
Out half +30. The other half set to BE. Letting it run.
Nice trade Steve...! May go down to the TL...
  • #846
  • Jul 19, 2012 4:18am Jul 19, 2012 4:18am
Quoting Phiksalamuk
Nice trade Steve...! May go down to the TL...
Thanks Phik, 2211 would be the ultimate target for this. Let's see...
  • #847
  • Jul 19, 2012 4:27am Jul 19, 2012 4:27am
Quoting stevefx
Thanks Phik, 2211 would be the ultimate target for this. Let's see...
At 1.2230/35, there is a confluence of intermediary TL, pink line and projected ADR low... Watch closely there...
  • #848
  • Jul 19, 2012 5:09am Jul 19, 2012 5:09am
Quoting Phiksalamuk
At 1.2230/35, there is a confluence of intermediary TL, pink line and projected ADR low... Watch closely there...
Thanks man,

Price retesting high. Possible second chances...
  • #849
  • Jul 19, 2012 5:28am Jul 19, 2012 5:28am
Quoting stevefx
Thanks man,

Price retesting high. Possible second chances...
Will pass on that one... Don't like the TL Break...
  • #850
  • Jul 19, 2012 5:34am Jul 19, 2012 5:34am
Quoting Phiksalamuk
Will pass on that one... Don't like the TL Break...
Its not the only TL in play. I understand your hesitation though. My thinking is just to keep punishing the weakness at limit levels until it doesn't work anymore...
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  • #851
  • Edited 7:35am Jul 19, 2012 6:57am | Edited 7:35am
While reviewing other pairs, I short USDJPY on the break of the pin bar off the SD zone. Clear downtrend + pin bar + SD zone made good reasons IMO. It is a slow mover but I got a very tight SL. Let see...

Edit: Sl at BE now.
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  • #852
  • Jul 19, 2012 7:42am Jul 19, 2012 7:42am
Out at BE... No cigar this time...
  • #853
  • Jul 24, 2012 10:18am Jul 24, 2012 10:18am
Hi Steve ! You're still around...?

Could'nt trade for some days but back to business today. Took long that big pin bar on USDCAD right through thick white line and DPV. SL quickly at BE without heat. If it could break that resistance, would be a very nice trade.... Let the market decide.
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  • #854
  • Jul 24, 2012 11:28am Jul 24, 2012 11:28am
Nice and easy trade. Half out at 1:1 RR (+22p) and half out at SD level (+34p).
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  • #855
  • Jul 24, 2012 11:54am Jul 24, 2012 11:54am
Quoting Phiksalamuk
Nice and easy trade. Half out at 1:1 RR (+22p) and half out at SD level (+34p).
Hey Phik,

Of course I'm always around for Happs

Don't always post my trades though.

Starting slow this week like usual. One trade, the initial bounce, or the retest off the initial bounce off the lower S/D zone on EU. (Which is now broken)

So one trade to the good. Good going on the UCAD. I'll post some more of my outlook on the EU later as I see the H4 picture evolve a bit.

-Steve

BTW-I alway frequently use LC pivots in addition to Happs. Just to get an idea of where the DP is, and where the R2 and S2 levels are. It does make me feel oriented a little better for intraday trading.
  • #856
  • Jul 24, 2012 12:04pm Jul 24, 2012 12:04pm
Happy you're still around !

Fully agree with you... Happs and pivots give a very good tool to read the chart and set entry/exit.
  • #857
  • Jul 24, 2012 2:06pm Jul 24, 2012 2:06pm
So here is how I think: When I look at this picture what I see is a potential opportunity.

Clearly there is a downtrend in place, and also clearly another big support level has been broken.

Usually when these levels are broken there is a retest on the H4. The EU is particularly good about respecting the mids on the SD zones when it restests on the H4.

What I mean is, you look for a bar on the H4 which confirms a close below the SD zone mid on the retest. This pumps up the odds on downward continuation. And not only on downward continuation, but downward continuation in a big way.

This is observable throughout the history of the H4 chart. You don't always get the perfect retest situation and entry opportunity to play out, but they do indeed come along pretty often. Anyway this is one thing that I look at for potential set-ups.
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  • #858
  • Jul 24, 2012 3:23pm Jul 24, 2012 3:23pm
Also its worth mentioning that this is kind of a special area coming up from a larger technical standpoint.

You have the thousand level at 1.2 and you also have a major league TL on the weekly coming in at 1.1965, which is a confluence point with the top of the secondary demand area in the lower large phase. These levels must be watched if you get into a short position and it goes.
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  • #859
  • Jul 25, 2012 1:29pm Jul 25, 2012 1:29pm
No trades yesterday. Retest failed, and I was sleeping anyway, otherwise I would have gotten long after the break.

Here is one thing I'm eyeing. Keep in mind, I never know. But it seems like a possibility. Would be fine RR. 4 to 1 min. Top of the channel, 200 SMA on the H1. Symmetrical reactions off secondaries. 1.2200 Round number. Etc, etc...
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  • #860
  • Jul 26, 2012 10:39am Jul 26, 2012 10:39am
Nice rally. Second trade of the week, selling EU at 2296. Target area 2222.
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