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  • #201
  • Nov 14, 2012 7:26pm Nov 14, 2012 7:26pm
Quoting Olu
By the way MPB well done on an excellent thread

Olu
Thanks Olu.....I popped over and had a quick gander at your blog as well.....nice and tidy. Keep that up.
  • #202
  • Nov 15, 2012 12:31am Nov 15, 2012 12:31am
I'd prefer it at 17, but worth a shot - daily looks even more compelling.

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  • #203
  • Nov 15, 2012 4:22pm Nov 15, 2012 4:22pm
Quoting mypipbull
GBP/JPY - Short?

I'm not calling the top yet but I like what I am seeing here..............I suspect the breakdown is not too far away.
Mmmmm.....hold that thought.
Serious rally now testing recent highs.....will be interested to see how this pans out.
I'm still Bearish or Flat but I am not looking at getting short at these levels......looks like it may have just been a deepish pullback in a bull run.
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  • #204
  • Nov 15, 2012 4:26pm Nov 15, 2012 4:26pm
Quoting mypipbull
Platinum - Short Orders Placed

.....As a result I will sell a break of Bar1 Low.

Sell [email protected] Stop [email protected]
I am short now....again.
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  • #205
  • Nov 15, 2012 8:09pm Nov 15, 2012 8:09pm
Cotton #2 - Long Setup

1) Comms Bullish (87), NonComms Bearish (10) - Opposing views
2) Seasonal charts show a bottom in mid/late November
3) Round number 70 providing previous support since July
4) The false break of 70 last week now shows MACD divergence
5) Daily close above last week High
6) Daily close above EMA(20) + EMA(20) slope is now positive

I'm looking to get Long.
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  • #206
  • Nov 15, 2012 10:04pm Nov 15, 2012 10:04pm
Quoting mypipbull
Cotton #2 - Long Setup

1) Comms Bullish (87), NonComms Bearish (10) - Opposing views
2) Seasonal charts show a bottom in mid/late November
3) Round number 70 providing previous support since July
4) The false break of 70 last week now shows MACD divergence
5) Daily close above last week High
6) Daily close above EMA(20) + EMA(20) slope is now positive

I'm looking to get Long.
Mike are those COTS numbers from your subscription site?
  • #207
  • Nov 15, 2012 10:29pm Nov 15, 2012 10:29pm
Quoting stewrigh
Mike are those COTS numbers from your subscription site?
Yes, its the 78 week index.
  • #208
  • Nov 15, 2012 10:31pm Nov 15, 2012 10:31pm
Coffee

Tempting to play this pin bar for so many reasons.........patience required.....falling daggers and all
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  • #209
  • Nov 17, 2012 9:19am Nov 17, 2012 9:19am
Sugar's getting interesting RR looks good atm but think I'll wait a bit.

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  • #210
  • Nov 17, 2012 10:02am Nov 17, 2012 10:02am
Quoting mypipbull
Coffee

Tempting to play this pin bar for so many reasons.........patience required.....falling daggers and all

Very gooood jurnal keep it going
The market was bullish, turned bearish, and you'are brokish!!!
  • #211
  • Nov 18, 2012 5:57pm Nov 18, 2012 5:57pm
Weekly Position Update

Soybeans [email protected] [email protected]
Stop Lowered.

GBP/USD [email protected] [email protected]
Stop Lowered a tiny bit

Heating Oil [email protected] [email protected]
Stop Lowered to breakeven. This market is very choppy atm. Definitely a wedge/triangle thing happening, breakout in some direction is probably not far away.

Platinum [email protected] [email protected]
No change
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  • #212
  • Nov 18, 2012 6:01pm Nov 18, 2012 6:01pm
Quoting stewrigh
Sugar's getting interesting RR looks good atm but think I'll wait a bit.

Attachment
Yep...waiting is part of the game....it will make a decision soon I think.
  • #213
  • Edited 6:17pm Nov 18, 2012 6:02pm | Edited 6:17pm
Quoting FXThug
Very gooood jurnal keep it going
Thanks Sick avatar too
  • #214
  • Nov 19, 2012 4:25pm Nov 19, 2012 4:25pm
Quoting mypipbull
Heating Oil [email protected] [email protected]
Stop Lowered to breakeven. This market is very choppy atm. Definitely a wedge/triangle thing happening, breakout in some direction is probably not far away.
Wow, and there it is.
Position closed at breakeven.
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  • #215
  • Nov 20, 2012 9:44pm Nov 20, 2012 9:44pm
Quoting mypipbull
Cotton #2 - Long Setup
I'm looking to get Long.
Orders placed in a classic 123 type pattern.

[email protected] [email protected]
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  • #216
  • Nov 21, 2012 9:55pm Nov 21, 2012 9:55pm
Sugar - Long Orders Placed

Employing the conservative 123 entry (more of a 345 as 123 has printed already)
Will be buying a break of Bar1 High with current SL below Bar2 Low (may move lower depending on PA)
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  • #217
  • Nov 21, 2012 11:56pm Nov 21, 2012 11:56pm
Quoting mypipbull
Sugar - Long Orders Placed

Employing the conservative 123 entry (more of a 345 as 123 has printed already)
Will be buying a break of Bar1 High with current SL below Bar2 Low (may move lower depending on PA)
Hi Mike,
Think I'm missing something here - what is a conservative 123 entry or 345.
Thanks
  • #218
  • Nov 22, 2012 12:09am Nov 22, 2012 12:09am
Quoting stewrigh
Hi Mike,
Think I'm missing something here - what is a conservative 123 entry or 345.
Thanks
Traditionally I would trail down a buy stop order hence attempt to get in a bit early, instead I am trading this 'bottom' as a 123 pattern...i.e. buying the 'new' high. Since the first 123 pattern is complete I am calling the next one a 345.....I just made it up on the spot to be honest........probably why your confused.....its really just the pattern repeating itself.....i.e. Higher Highs and Higher Lows.....
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  • #219
  • Nov 22, 2012 12:17am Nov 22, 2012 12:17am
Quoting mypipbull
Traditionally I would trail down a buy stop order hence attempt to get in a bit early, instead I am trading this 'bottom' as a 123 pattern...i.e. buying the 'new' high. Since the first 123 pattern is complete I am calling the next one a 345.....I just made it up on the spot to be honest........probably why your confused.....its really just the pattern repeating itself.....i.e. Higher Highs and Higher Lows.....
I see - thanks
  • #220
  • Nov 22, 2012 12:28am Nov 22, 2012 12:28am
Its a nice straight forward way to trade and it works...I use something similar myself Guys, I give a lot of weight to closes as well..

Ja
Memories caught in time but never forgotten
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