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  • #101
  • Nov 29, 2012 7:39am Nov 29, 2012 7:39am
The signal is “sell at top”. It is called hangman because traders that haven’t seen it will be hanged that is caught to the violent reversal of the market. Signal is sell at top.
If you fail to plan, you plan to fail.
  • #102
  • Nov 29, 2012 8:11am Nov 29, 2012 8:11am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Ok now I am happy with it. Sell stop set at 1.29798 RSI dropping off 70. Looking only for 5 pips!
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  • #103
  • Nov 29, 2012 8:14am Nov 29, 2012 8:14am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Mr Pip - in my experience when a Hanging man occurs at the end of a long up trend, the following candle is normally bearish (in this case the hanging man closed as bearish divergent so it's moot). But generally signals an end to the trend. I would wait for the closure of the next candle to confirm and come in at the low of that candle (if it also closes bearish).



Quoting Mr. Pip
The signal is “sell at top”. It is called hangman because traders that haven’t seen it will be hanged that is caught to the violent reversal of the market. Signal is sell at top.
  • #104
  • Nov 29, 2012 8:23am Nov 29, 2012 8:23am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
This is the time of day I hate the most. if the current candle exceeds the last candle's high I am cancelling my sell stop again. It just seems like price wants to keep testing that 1.30 level. Or could this be a Bull trap?
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  • #105
  • Nov 29, 2012 8:31am Nov 29, 2012 8:31am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
In all of my excitement today I never drilled to any TF's lower than 1H, very uncommon for me. Had I caught this bounce on the 15M, any speculation from the 1H would have never occurred!

Tomorrow I hope to show some scalping on the lower TF's
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  • #106
  • Nov 29, 2012 9:02am Nov 29, 2012 9:02am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I knew it wanted to punch through 1.30 - now can it sustain above?
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  • #107
  • Nov 29, 2012 9:21am Nov 29, 2012 9:21am
Quoting 9er
Mr Pip - in my experience when a Hanging man occurs at the end of a long up trend, the following candle is normally bearish (in this case the hanging man closed as bearish divergent so it's moot). But generally signals an end to the trend. I would wait for the closure of the next candle to confirm and come in at the low of that candle (if it also closes bearish).
Thank you I have to go through your candle stick patterns I'm finding them to be useful when you look at the right place. Couldn't help and I'm sorry I broke your request but just wanted to show you this beautiful reversal and entry. Up 26 pips stop @ BE. Ok no more charts from me as I do not want to confuse anyone just goes to further validate the power of ratios and fibs which is a part of your style. Caught the top within 3 pips.

Cheers,

Mr. Pip
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If you fail to plan, you plan to fail.
  • #108
  • Nov 29, 2012 9:29am Nov 29, 2012 9:29am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
No worries - I am in on the same reverse. Although I meant to cancel the sell stop, I am triggered in, now hopefully that was enough of a push away that is is sustained! Hoping for a 50 cross on the RSI on the 1H and can ride a few pips along the way!

Quoting Mr. Pip
Thank you I have to go through your candle stick patterns I'm finding them to be useful when you look at the right place. Couldn't help and I'm sorry I broke your request but just wanted to show you this beautiful reversal and entry. Up 26 pips stop @ BE. Ok no more charts from me as I do not want to confuse anyone just goes to further validate the power of ratios and fibs which is a part of your style. Caught the top within 3 pips.

Cheers,

Mr. Pip
  • #109
  • Nov 29, 2012 9:31am Nov 29, 2012 9:31am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
If this isn't a bearish engulfing pattern on the 30M I don't know what is
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  • #110
  • Nov 29, 2012 9:34am Nov 29, 2012 9:34am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Now we are looking at a 50 line cross on the 30M. The only troublesome thing is on the 5M it is approaching that 200
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  • #111
  • Nov 29, 2012 9:35am Nov 29, 2012 9:35am
Quoting 9er
No worries - I am in on the same reverse. Although I meant to cancel the sell stop, I am triggered in, now hopefully that was enough of a push away that is is sustained! Hoping for a 50 cross on the RSI on the 1H and can ride a few pips along the way!
There is a lot of strength rejecting the 1.3000 BRN should hold next obsticle on the way down is SRN 1.2950 there is some support at this level up 35 pips at the momment. Thanks for letting me post the chart.

Locked in 20 no need to give that back on a retest.
If you fail to plan, you plan to fail.
  • #112
  • Nov 29, 2012 9:35am Nov 29, 2012 9:35am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The 5M
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  • #113
  • Nov 29, 2012 9:41am Nov 29, 2012 9:41am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Why do I drive myself so crazy? Dreaded 5M ruins everything :-)
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  • #114
  • Nov 29, 2012 10:01am Nov 29, 2012 10:01am
Quoting 9er
Why do I drive myself so crazy? Dreaded 5M ruins everything :-)
The 5M can do that to you LOL. Small pullback so far my bias is it will hold. Price needs to stay below 1.2983 which is the expectation 38.2% Fib or even the 1.2989 50% Fib on such a powerful rejection.
If you fail to plan, you plan to fail.
  • #115
  • Nov 29, 2012 10:05am Nov 29, 2012 10:05am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Perfect - I just finished drawing a fibo on the 5M and it is on the 38.2 now. Hoping the same thing, as this was an unusual entry for me

Quoting Mr. Pip
The 5M can do that to you LOL. Small pullback so far my bias is it will hold. Price needs to stay below 1.2983 which is the expectation 38.2% Fib or even the 1.2989 50% Fib on such a powerful rejection.
  • #116
  • Nov 29, 2012 10:10am Nov 29, 2012 10:10am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
This is the timeframe I am looking at now (4H). Notice how the last candle closed bearish divergent but the candle formed a new high? Anytime you ever see a new high on the charts, always look to the AO for divergence. This is one example that the AO does not lag. If price forms a new high, then the AO should too right?

It is when the price forms the new high and the AO does not that you look for. This is called divergence and on the higher timeframes is very powerful. Set a sell stop at the low of this candle minus 3 pips. Gonna call it a night, (actually day time here). See you tomorrow, or is it tonight? Damn I am tired
Attached Image (click to enlarge)
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  • #117
  • Nov 29, 2012 11:01am Nov 29, 2012 11:01am
Quoting 9er
Perfect - I just finished drawing a fibo on the 5M and it is on the 38.2 now. Hoping the same thing, as this was an unusual entry for me
Well the 38.2% held and price continued down with a huge authority unfortunately I stepped away from my pc and set a TP of 50 which was hit but this move might continue lets see if the bears can take it below the SRN good trade 9er.

Cheers,

Mr. Pip
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #118
  • Nov 29, 2012 11:10am Nov 29, 2012 11:10am
This will help explain Divergence. Well written short and to the point.
Attached File(s)
File Type: pdf Divergence Hidden Divergence Fibos(1).pdf   487 KB | 893 downloads
Cut your Losers short and let your Winners run.
  • #119
  • Nov 29, 2012 12:51pm Nov 29, 2012 12:51pm
9er,

Like someone else said, I'm still trying to wrap my head around everything you are sharing so that is why I'm not giving much feedback. I can pretty much bet money that I will be one of the last to finally put all the pieces of the puzzle together. I'm just slower than most at picking things up well enough to start talking about them.

I hope you decide to stay active and continue to post. I look forward to the scalping you plan on sharing tomorrow as I seem to always return to the scalping atmosphere of trading.

Quoting dee50
This will help explain Divergence. Well written short and to the point.
  • #120
  • Nov 29, 2012 6:22pm Nov 29, 2012 6:22pm
HI ,
Beautiful interpretation. Willing to help others , thts great. So keep it up & cheers to you. Bye for now.
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