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  • #881
  • Jan 7, 2013 8:18am Jan 7, 2013 8:18am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
And a nice little bounce off the daily pivot - stop in danger but still hanging in there
Attached Image (click to enlarge)
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  • #882
  • Jan 7, 2013 8:20am Jan 7, 2013 8:20am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Well I've got "school" drop off duty this morning - gotta cut out. Will update this trade when I get back 45 minutes or so
  • #883
  • Jan 7, 2013 8:22am Jan 7, 2013 8:22am
short ?? look at the ratio dude.. it's just 1.272... butterfly gives good result in 1.61 .. just imho


Quoting 9er
And a nice little bounce off the daily pivot - stop in danger but still hanging in there
not euphoria follower
  • #884
  • Jan 7, 2013 8:22am Jan 7, 2013 8:22am
Quoting 9er
Interesting posted 30 minutes ago:

http://www.forexfactory.com/news.php?do=news&id=403813

Germany is not profiting from the eurozone
Thank you, but sometime i don't understand with the news
Dangdut is a music of my country
  • #885
  • Jan 7, 2013 8:25am Jan 7, 2013 8:25am
Quoting 9er
And a nice little bounce off the daily pivot - stop in danger but still hanging in there
you don't set buy stop above the high?
Dangdut is a music of my country
  • #886
  • Jan 7, 2013 8:52am Jan 7, 2013 8:52am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I took this trade on a whim, based from 5M was hoping to scalp 5 pips set tp at 6 pips, missed tp by 1 pip, that'll teach me

Quoting NuNix
you don't set buy stop above the high?
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  • #887
  • Jan 7, 2013 8:58am Jan 7, 2013 8:58am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yes, short dude just took my 6 pip TP, just my humble opinion; Not every trade is a home run. Brick by brick

Quoting iqyu5an
short ?? look at the ratio dude.. it's just 1.272... butterfly gives good result in 1.61 .. just imho
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Click to Enlarge Name: 5m.gif Size: 43 KB
  • #888
  • Jan 7, 2013 9:12am Jan 7, 2013 9:12am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
In case your counting the wave was at the 161 of the B to C leg

I traded the 5M, short and sweet pips - to the point!

Despite the spike, the 1h is still sideways and I still don't like it

For me Bullish doesn't confirm until the RSI touches 60 at the close of a candle

the 4h still resistant of the 200 and the AO is forming bearish saucer

RSI looks comfy below the 50 (4H)
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  • #889
  • Jan 7, 2013 9:17am Jan 7, 2013 9:17am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
14 minutes into the next 1H and NOW the TF is shaping up

notice RSI snaking upwards to the 60?

AO crossed the 0 line

Looks like mini butterfly is forming

I took 6 pips on a day I didn't even plan to trade Calling it quits

See you tomorrow
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  • #890
  • Jan 7, 2013 9:30am Jan 7, 2013 9:30am
Quoting 9er
In case your counting the wave was at the 161 of the B to C leg

I traded the 5M, short and sweet pips - to the point!

Despite the spike, the 1h is still sideways and I still don't like it

For me Bullish doesn't confirm until the RSI touches 60 at the close of a candle

the 4h still resistant of the 200 and the AO is forming bearish saucer

RSI looks comfy below the 50 (4H)
So, as long as H1 and H4 doesn't confirm the bullish, you will not looking for buy?
Dangdut is a music of my country
  • #891
  • Jan 7, 2013 8:59pm Jan 7, 2013 8:59pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
NuNix - to clarify, I wasn't looking for any trades on the higher TF's. If I hadn't been so tired I might have stayed around for a Buy on the 1H, but as it were I wanted a quick take on some easy pips. I drilled to the lower TF to check scalping opportunities. Took my 6 pips and the rest of the day off.

Quoting NuNix
So, as long as H1 and H4 doesn't confirm the bullish, you will not looking for buy?
  • #892
  • Jan 7, 2013 9:13pm Jan 7, 2013 9:13pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Daily: The daily has drawn a 5.0 butterfly. I don't like the butterfly due to the size of the 4 to 5 leg. I see where Friday's session pushed off the 1.30 level, a level that has proved formidable in the past. A few items of interest are today's candle has already hit the 50 fibo level, which also corresponds to the weekly pivot level of 1.3125.

Despite yesterday's upward movement, the AO dipped below the zero line, indicating a slowing of upward momentum.

You take all these indicators, 5.0 pattern, 50 fibo, weekly pivot, AO and I believe what we may see today is bearish Bias.

Quandary: Yesterday's high already pierced, turning this level to support on the lower TF's?

BIAS: Bearish
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  • #893
  • Jan 7, 2013 9:26pm Jan 7, 2013 9:26pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The 4H is interesting. We have another 5.0 butterfly, but the completion of the 4 to 5 leg is also a picture perfect ABCD, which has gone to the 161.8 level of the B to C leg.

The 200 was broken yesterday and price now sits squarely inside the alligators mouth. Some conflicting story lines: The AO is approaching the zero line moving upwards, indicating an acceleration of upward momentum but the ABCD and 5.0 cannot be ignored, the AO tends to lag.

The RSI is no help at the moment, it has crossed the 50, but until I see 60 get pierced at the close of a candle, Bullish bias can't be assumed.

BIAS: Bearish
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  • #894
  • Jan 7, 2013 9:29pm Jan 7, 2013 9:29pm
nice spot 9er.... wanna on eyed this level closely...

this's mine
http://www.forexfactory.com/attachme...0&d=1357613040

Quoting 9er
Daily: The daily has drawn a 5.0 butterfly. I don't like the butterfly due to the size of the 4 to 5 leg. I see where Friday's session pushed off the 1.30 level, a level that has proved formidable in the past. A few items of interest are today's candle has already hit the 50 fibo level, which also corresponds to the weekly pivot level of 1.3125.

Despite yesterday's upward movement, the AO dipped below the zero line, indicating a slowing of upward momentum.

You take all these indicators, 5.0 pattern, 50 fibo, weekly pivot, AO and I believe...
not euphoria follower
  • #895
  • Jan 7, 2013 9:35pm Jan 7, 2013 9:35pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The 1H: Yet another 5.0 pattern, and as with the 4H another ABCD pattern to complete it. RSI is at 67.9, moderately over bought. The AO has decreased now for 5 consecutive bars all bight only slightly. I wouldn't be surprised to see price hit the R1 level before coming down.

BIAS: Bearish
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  • #896
  • Jan 7, 2013 9:37pm Jan 7, 2013 9:37pm
based on ratio yesss... but better waiting for clear bearish PA first .


Quoting 9er
The 1H: Yet another 5.0 pattern, and as with the 4H another ABCD pattern to complete it. RSI is at 67.9, moderately over bought. The AO has decreased now for 5 consecutive bars all bight only slightly. I wouldn't be surprised to see price hit the R1 level before coming down.

BIAS: Bearish
not euphoria follower
  • #897
  • Jan 7, 2013 9:43pm Jan 7, 2013 9:43pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
So for today I will look for entries on the short side, but always bearing in mind to NOT ignore any bullish signals that may appear.

Take a look at your 30M charts, you'll see an ABCD, along with some bearish divergence with the AO, and the RSI agrees with the 1H in the over bought arena. I HATE where price is sitting in relation to the 200 though.

The 5 and 15M are no help at this point, I will concentrate my entry on the 30M for now
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  • #898
  • Jan 7, 2013 9:51pm Jan 7, 2013 9:51pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yes that is my intention! The Bulls have shown a propensity for battle! I hate waiting for London to open!

Quoting iqyu5an
based on ratio yesss... but better waiting for clear bearish PA first .
  • #899
  • Jan 7, 2013 9:55pm Jan 7, 2013 9:55pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yes. Gotta hate those broker differences! Nice chart, thank you

Quoting iqyu5an
nice spot 9er.... wanna on eyed this level closely...

this's mine
http://www.forexfactory.com/attachme...0&d=1357613040
  • #900
  • Jan 7, 2013 9:57pm Jan 7, 2013 9:57pm
agree..

a cup of coffee first

http://images4.fanpop.com/image/phot...-1680-1050.jpg
Quoting 9er
Yes that is my intention! The Bulls have shown a propensity for battle! I hate waiting for London to open!
not euphoria follower
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