DislikedGood day to you, id5
We stopped at a very busy intersection and the departure back was "soft" in my opinion. I would have expected a little running through here if she was serious to trap positions. It is a gut feel, id5....i'm wrong often - so she could merrily carry on for a bit more.
I think it's more my mental state at this very moment - feel rusty..
All the best to you, sirIgnored
Cable Update (GBPUSD)
- #333,183
- Jan 4, 2013 9:07am Jan 4, 2013 9:07am
- Joined Mar 2011 | Status: Trader | 1,525 Posts
market has positioned itself bearish awaiting news incase result is positive
i think it looking to challenge 1.6
btw Happy New Year every1
- Cheers.
- #333,184
- Jan 4, 2013 9:16am Jan 4, 2013 9:16am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Good to see you again Mr.Tau & Happy 2013..
Potential H4 SEX + DBB setup.. H4 close above 1.6055 will confirm
The Great Canadian Geese (USDCAD) showing early bird signs to lead the Dollar Reversal..
http://c8.blackop.ca/repository/site...07022012121234
Appreciate the wishes. May 2013 be an excellent year for you.
Hehe - you are waayyy over my head with the quoted setup you mentioned above - but sounds "kinky"... but you are welcome to post me a chart when you find time - so I can learn.
Funnily enough - I'm preparing to run a test on a purely mechanical system this year - so I'm not gonna be fussed too much about trend direction, S/R levels, pivots etc, etc. Just managing money. Not sure why I am attempting this. On the balance of probability - it will blow up in my face.
Keep on posting. I enjoy.
All success
That trend-line has to go or else we going for new highs. 
- #333,186
- Jan 4, 2013 9:22am Jan 4, 2013 9:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #333,187
- Jan 4, 2013 9:23am Jan 4, 2013 9:23am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #333,188
- Jan 4, 2013 9:38am Jan 4, 2013 9:38am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Good day to you, Sir
Appreciate the wishes. May 2013 be an excellent year for you.
Hehe - you are waayyy over my head with the quoted setup you mentioned above - but sounds "kinky"... but you are welcome to post me a chart when you find time - so I can learn.
Funnily enough - I'm preparing to run a test on a purely mechanical system this year - so I'm not gonna be fussed too much about trend direction, S/R levels, pivots etc, etc. Just managing money. Not sure why I am attempting this. On the balance of probability -...
anyways, here's the copy & pasted setup explanations.. hope it helps..
btw: the charts are for Euro, but the setups are same for Cable & other pairs..
$___________________________________________________________________________$
Instead of "Playing hide and seek with the Smart Money"
This setup had worked out quite well by "Following the Trail of Smart Money"
http://www.forexfactory.com/attachme...1&d=1357281808
so we will look for more setups by "Following the Trail of Smart Money":
Synopsis: The M/T Trend is Up, but the S/T Trend is in correction with potential under-shoot of supply zone turn demand.. We will look for an long entry on the H4 & D1 TF.. A long entry signal would be:
1. A narrow range up bar with a Higher Low & close above the range of previous two. This will be Supply Exhaustion, or SEX.
2. A wide range up bar that close well above its high & above the range of previous two. This will be an Up Thrust from Demand, or UTD.
3. A narrow range up bar that closes well above its high & above the mini-term TL with rising RSI from below 20.. This will be an Demand Bull Bullet, or DBB.
We will add to our long entry with a two bar close with rising RSI above 40.. this will be an Get On the Bull Train, or GO..
EURUSD D1
http://www.forexfactory.com/attachme...1&d=1357281808
EURUSD H4
http://www.forexfactory.com/attachme...1&d=1357281808
$___________________________________________________________________________$
- #333,190
- Jan 4, 2013 9:47am Jan 4, 2013 9:47am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Sorry if the link for the quoted setup don't work..
anyways, here's the copy & pasted setup explanations.. hope it helps..
btw: the charts are for Euro, but the setups are the same for Cable & other pairs..
Thank you for taking the time. Appreciated. Really.
Will be interesting to see how it plays out...
Very interesting...
All success
- #333,191
- Jan 4, 2013 9:57am Jan 4, 2013 9:57am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #333,193
- Jan 4, 2013 12:58pm Jan 4, 2013 12:58pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Still life in the Pound and particularly the Euro yet.
Sorry I was a bit drunk last night nAV, I have been spending too much time reading the BS news items which seem intent on robbing traders and investors of every dime we have. A bad attitude been brewing lately. But my language was just loose.
Nice to see Tau back
Sorry I was a bit drunk last night nAV, I have been spending too much time reading the BS news items which seem intent on robbing traders and investors of every dime we have. A bad attitude been brewing lately. But my language was just loose.
Nice to see Tau back
Come with me if you want to live....
- #333,194
- Jan 4, 2013 1:04pm Jan 4, 2013 1:04pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Still life in the Pound and particularly the Euro yet.
Sorry I was a bit drunk last night nAV, I have been spending too much time reading the BS news items which seem intent on robbing traders and investors of every dime we have. A bad attitude been brewing lately. But my language was just loose.
Nice to see Tau back
I guess old habit die hard
- #333,195
- Jan 4, 2013 1:07pm Jan 4, 2013 1:07pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
- #333,196
- Jan 4, 2013 1:18pm Jan 4, 2013 1:18pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
its all good buddy..i havent got a clue, i wont lie this thing may well go up..sorry if i sounded like "i know" its the saleman in me..even if u dont know what yur taking about- talk like u do
I guess old habit die hard
Def one of the weirder markets I have seen.
I told CD if we opened around here on Monday I'd look to go long to 2.xxxx with him.
Good R/R
Come with me if you want to live....
- #333,197
- Jan 4, 2013 1:29pm Jan 4, 2013 1:29pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Yeah, fake it 'till ya make it
Def one of the weirder markets I have seen.
I told CD if we opened around here on Monday I'd look to go long to 2.xxxx with him.
Good R/R
2.00....Trade of the year...Anyway - thank you for the wishes
BTW - these trendlines to be taken seriously - very seriously.
Trust me
Regards to you, the wife and IBBaby
- #333,198
- Jan 4, 2013 1:37pm Jan 4, 2013 1:37pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Yeah, fake it 'till ya make it
Def one of the weirder markets I have seen.
I told CD if we opened around here on Monday I'd look to go long to 2.xxxx with him.
Good R/R
edit:-the sum bitch is going back up without meh
- #333,199
- Edited 1:54pm Jan 4, 2013 1:41pm | Edited 1:54pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Nice to be back, IBB
Anyway - thank you for the wishes
BTW - these trendlines to be taken seriously - very seriously.
Trust me
Regards to you, the wife and IBBaby
The wife and IBBaby send their best to you and your family also for the new year
Green for green pips eh
Will add in if and when the 4 hr channel goes next week.
tight stop
Great to meet another mechanical trader,
, maybe we share same same
Come with me if you want to live....
- #333,200
- Jan 4, 2013 1:41pm Jan 4, 2013 1:41pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Looks like Cable having some trouble breaking the support level here at BRN 1.60. Of special note, EUR/USD is having a similar situation. While currency correlation has been poor recently, it's something to think about. No PA setups to grab yet though.
nah its just USD falling as usual..maybe short cashing in and longs have no stop loss
so still in