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  • #421
  • Dec 4, 2012 2:30am Dec 4, 2012 2:30am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Bearish engulfing from 30M nullified
Attached Image (click to enlarge)
Click to Enlarge Name: 30m.gif Size: 36 KB
  • #422
  • Dec 4, 2012 2:34am Dec 4, 2012 2:34am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Gonna grab a bite to eat - have set a buy stop (30785) +5 pips TP and SL (3055)

Still watching for 3090 area
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Click to Enlarge Name: eu1h.gif Size: 40 KB
  • #423
  • Dec 4, 2012 3:29am Dec 4, 2012 3:29am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Buy stop triggered - a push off the TL and momentum continuing to slow
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Click to Enlarge Name: eu1h.gif Size: 39 KB
  • #424
  • Dec 4, 2012 3:30am Dec 4, 2012 3:30am
9er
In the chart is the green ABCD a valid setup. C is only a 50% retracement but D is 127% extension of AB and 161.8% (very close ) of BC.
gregben
Attached Image (click to enlarge)
Click to Enlarge Name: green abcd.jpg Size: 205 KB
  • #425
  • Dec 4, 2012 3:34am Dec 4, 2012 3:34am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Very good observation. I am looking for a gracious exit on my 1H trigger - still contemplating the lower TL but I will let it play out for now

Quoting gregben
9er
In the chart is the green ABCD a valid setup. C is only a 50% retracement but D is 127% extension of AB and 161.8% (very close ) of BC.
gregben
  • #426
  • Dec 4, 2012 3:39am Dec 4, 2012 3:39am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
How I see it - but the end result is the same - it's "D" no matter how you paint it. Good to see that you are looking for the patterns though!


Quoting gregben
9er
In the chart is the green ABCD a valid setup. C is only a 50% retracement but D is 127% extension of AB and 161.8% (very close ) of BC.
gregben
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 45 KB
  • #427
  • Dec 4, 2012 3:47am Dec 4, 2012 3:47am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
4H: truly wish a reversal would paint - not sure exactly how much higher this can go?
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Click to Enlarge Name: eu4h.gif Size: 36 KB
  • #428
  • Dec 4, 2012 4:10am Dec 4, 2012 4:10am
yap... too far ( imho )

this what i see in 4H


Quoting 9er
4H: truly wish a reversal would paint - not sure exactly how much higher this can go?
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Click to Enlarge Name: pvjj1038.gif Size: 20 KB
not euphoria follower
  • #429
  • Dec 4, 2012 4:20am Dec 4, 2012 4:20am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
5M pushes off 200 coinciding exactly with the lower trend line on the 1H
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Click to Enlarge Name: eu1h.gif Size: 41 KB
  • #430
  • Dec 4, 2012 4:20am Dec 4, 2012 4:20am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
That would be a very nice move!

Quoting iqyu5an
yap... too far ( imho )

this what i see in 4H
  • #431
  • Dec 4, 2012 4:22am Dec 4, 2012 4:22am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Love how you show that divergence by the way. I like your charts - simple and clean

Quoting iqyu5an
yap... too far ( imho )

this what i see in 4H
  • #432
  • Dec 4, 2012 4:26am Dec 4, 2012 4:26am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
This is a very disciplined channel. Love how the higher lows are respecting the trend line
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Click to Enlarge Name: eu1h.gif Size: 41 KB
  • #433
  • Dec 4, 2012 4:47am Dec 4, 2012 4:47am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
TP taken out +5; was a good thing because I went in rather large! Can breath now! Met my quota +18 for the day, now I wait for the reversal as we are 6 pips from 3090
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  • #434
  • Dec 4, 2012 4:53am Dec 4, 2012 4:53am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Something is going to give. The current move is at 190.2 of the B to C leg. AO is decreasing - eventually price is going to have to respect the divergence
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  • #435
  • Dec 4, 2012 5:19am Dec 4, 2012 5:19am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Another good read in light of the last few doji's that have appeared
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  • #436
  • Dec 4, 2012 5:24am Dec 4, 2012 5:24am
Quoting 9er
Gonna grab a bite to eat - have set a buy stop (30785) +5 pips TP and SL (3055)

Still watching for 3090 area
Hello 9er and thank you for his educations.
You have proposed an operation of:

buy 1,3078 tp 1,3083 stop 1,3055
This means a tp of + 5 pips and a stop sign of-23 pips.
The ratio risk / benefit is of 4,6/1
If the operation goes out badly we will need almost 5 good operations to compensate the losses. I do not understand the operation. Can you indicate me if there is a mistake?

Regards
  • #437
  • Dec 4, 2012 6:01am Dec 4, 2012 6:01am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
No sir there is no mistake.


Quoting Trading2012
Hello 9er and thank you for his educations.
You have proposed an operation of:

buy 1,3078 tp 1,3083 stop 1,3055
This means a tp of + 5 pips and a stop sign of-23 pips.
The ratio risk / benefit is of 4,6/1
If the operation goes out badly we will need almost 5 good operations to compensate the losses. I do not understand the operation. Can you indicate me if there is a mistake?

Regards
  • #438
  • Dec 4, 2012 6:03am Dec 4, 2012 6:03am
Just back to the chart and i missed 1 setup long trade on 5m...whoosh
Dangdut is a music of my country
  • #439
  • Dec 4, 2012 6:05am Dec 4, 2012 6:05am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Double top on the 1H and slowly inching into a confluence with the inner trend line. A break is coming.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h.gif Size: 41 KB
  • #440
  • Dec 4, 2012 6:07am Dec 4, 2012 6:07am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yeah the bounce off the 200? that was nice

Quoting NuNix
Just back to the chart and i missed 1 setup long trade on 5m...whoosh
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