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Monkey Business as simple as monkeys can do!

  • #1
  • First Post: Edited 9:04am Nov 30, 2012 8:47am | Edited 9:04am
Hi all

I've been bothering other members' threads a lot lately and start feeling guilty. So, here I set up my own thread.

I'm no genius. My trading style is quite simple. I will explain it case by case when I post charts.

I hope we will have some constructive discussion
  • #2
  • Edited 11:17am Nov 30, 2012 8:53am | Edited 11:17am
I took a short EU -- @1.30236 limit sell order. SL was 25 pips above, then moved to BE. TP=1.29000, but may change depends on the PA.

Reason:
Fibo 76.4
Strong R
Big Round #1.300
Forming a divergence on 4H
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.jpg Size: 142 KB
  • #3
  • Nov 30, 2012 9:24am Nov 30, 2012 9:24am
Quoting Forexgogo
I took a short EU -- @1.30236 limit sell order. SL was 25 pips above, then moved to BE. TP=2.9000, but may change depends on the PA.

Reason:
Fibo 76.4
Strong R
Big Round #1.300
Forming a divergence on 4H
SL=BE hit
  • #4
  • Edited 1:05pm Nov 30, 2012 11:05am | Edited 1:05pm
Here is my take on EU

The PA broke LTL (Lower trendline) -- see daily chart. Now I see 2 scenarios:
(1) The price keeps climbing up
(2) The price goes down under the LTL(&1.30), comes up to retest the LTL, then goes down again.

I'm waiting for (2) to happen.
Reason:
Divergence 4H
Fibo 76
Strong R
1.300
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu d.jpg Size: 201 KB
Click to Enlarge Name: eu4.jpg Size: 174 KB
  • #5
  • Edited 1:00pm Nov 30, 2012 12:42pm | Edited 1:00pm
I found an easier entry than EU's above.

USDJPY -- If the price goes down the UTL (Upper Trendline) & 82.50, climbs up to retest UTL or 82.50, then, goes down again, take a short at the bar close. See a small yellow box -- this is what I expect to happen. The read arrow is the entry bar at end.

Max SL is 25 pips above the entry price. When gaining 25 pips, SL moves to BE. I expect minimum 50pips profits.

Reasons
Fibo 76
Round # 82.50

Your thoughts?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uj 1.jpg Size: 137 KB
  • #6
  • Dec 3, 2012 7:40am Dec 3, 2012 7:40am
AU short SL=previous bar high TP=1.040 or more
Fib 50
Weekly Pivot
Strong SR

I'm extremely cautious because a divergence is forming on 4h. I entered because I believe it is in the downward channel.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 156 KB
  • #7
  • Dec 3, 2012 8:14am Dec 3, 2012 8:14am
EU
divergence + Pin bar forming on 4h
However, Eu is now in a critical point -- it broke a long DTL on a wk chart. It can go up or down either way...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4.jpg Size: 199 KB
Click to Enlarge Name: eu w.jpg Size: 313 KB
  • #8
  • Dec 3, 2012 8:21am Dec 3, 2012 8:21am
Quoting Forexgogo
AU short SL=previous bar high TP=1.040 or more
Fib 50
Weekly Pivot
Strong SR

I'm extremely cautious because a divergence is forming on 4h. I entered because I believe it is in the downward channel.
Update
TP=4010=monthly pivot
Attached Image (click to enlarge)
Click to Enlarge Name: au 1.jpg Size: 162 KB
  • #9
  • Dec 3, 2012 10:00am Dec 3, 2012 10:00am
GU

Expecting a downward turn on 1H.
Fib 76
Weekly R2
1.6100
SR
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4.jpg Size: 169 KB
  • #10
  • Dec 3, 2012 10:02am Dec 3, 2012 10:02am
Quoting Forexgogo
EU
divergence + Pin bar forming on 4h
However, Eu is now in a critical point -- it broke a long DTL on a wk chart. It can go up or down either way...
It failed to make a divergence.
  • #11
  • Dec 3, 2012 11:03am Dec 3, 2012 11:03am
Quoting Forexgogo
AU short SL=previous bar high TP=1.040 or more
Fib 50
Weekly Pivot
Strong SR

I'm extremely cautious because a divergence is forming on 4h. I entered because I believe it is in the downward channel.
Out=BE. It is not worth keeping SL as it was -- hard to see where the market goes at this point... any pairs...
  • #12
  • Dec 4, 2012 1:40am Dec 4, 2012 1:40am
EU

Waiting for a sign for a short -- a pin bar would be nice! need to break UTL

divergence
UTL
weekly R2
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.jpg Size: 193 KB
  • #13
  • Dec 4, 2012 1:52am Dec 4, 2012 1:52am
USDCHF

Waiting for a sign for a long. It is on a strong SR.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf d.jpg Size: 216 KB
  • #14
  • Dec 4, 2012 8:47am Dec 4, 2012 8:47am
GU short
SL=previous bar high TP=Fib23
When it reaches weekly R2, SL=BE.

Reason
Divergence on 1H & 4H
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1.jpg Size: 201 KB
  • #15
  • Dec 4, 2012 10:11am Dec 4, 2012 10:11am
Quoting Forexgogo
GU short
SL=previous bar high TP=Fib23
When it reaches weekly R2, SL=BE.

Reason
Divergence on 1H & 4H
Update
SL=BE Remember, this trade is counter-trend!! I'm coward as a mouse!
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1.jpg Size: 200 KB
  • #16
  • Dec 4, 2012 2:01pm Dec 4, 2012 2:01pm
UJ possible long

Either 81.70ish or 81.50ish TP=82.32(Wk PV) or 82.50...

Reason
S -- 81.7
S, Fib23, and Mon PV -- 81.5
Attached Image (click to enlarge)
Click to Enlarge Name: uj 1.jpg Size: 159 KB
  • #17
  • Dec 5, 2012 1:19am Dec 5, 2012 1:19am
Quoting Forexgogo
UJ possible long

Either 81.70ish or 81.50ish TP=82.32(Wk PV) or 82.50...

Reason
S -- 81.7
S, Fib23, and Mon PV -- 81.5
Man! I missed it! (sleeping)
  • #18
  • Dec 5, 2012 1:19am Dec 5, 2012 1:19am
Quoting Forexgogo
Update
TP=4010=monthly pivot
BE
  • #19
  • Dec 5, 2012 7:40am Dec 5, 2012 7:40am
EJ short SL=107.50 TP=105.50 depends on the PA

Weekly R1=major R touch and reject possible PB forming on 4H
Fib76 round#107.50
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej d.jpg Size: 292 KB
  • #20
  • Dec 5, 2012 8:40am Dec 5, 2012 8:40am
Quoting Forexgogo
Update
SL=BE Remember, this trade is counter-trend!! I'm coward as a mouse!
Out -15 didn't like the PA
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