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  • #24,221
  • May 13, 2013 11:55pm May 13, 2013 11:55pm
Liking EJ today.

Daily ND after a surge in volume the day before.

30m still a bit flat ATM though.
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  • #24,222
  • May 14, 2013 1:40am May 14, 2013 1:40am
My bias may be conflicting with some of the posters ><; but here it is!

Going long for EURUSD. 1HR
Going short for EURJPY. 15M
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Yes, I do enjoy eating bananas. Very much.
  • #24,223
  • May 14, 2013 2:32am May 14, 2013 2:32am
Quoting ieatbanana
My bias may be conflicting with some of the posters ><; but here it is! Going long for EURUSD. 1HR Going short for EURJPY. 15M {image} {image}
Interesting that you went long on EU and short on EJ.

Lets see how this turns out.
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  • #24,224
  • May 14, 2013 2:35am May 14, 2013 2:35am
Quoting SimpleDev
{quote} Interesting that you went long on EU and short on EJ. Lets see how this turns out. {image}
For the better, I hope :O
Yes, I do enjoy eating bananas. Very much.
  • #24,225
  • May 14, 2013 3:01am May 14, 2013 3:01am
Price retraced about 20 pips and I hit BE+4.

Oh, wells.

Edited: Added chart. Wishful thinking of price breaking past the support easily. My target was about 10 pips away. Shame on me, haha.
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Yes, I do enjoy eating bananas. Very much.
  • #24,226
  • May 14, 2013 3:23am May 14, 2013 3:23am
Quoting ieatbanana
Price retraced about 20 pips and I hit BE+4. Oh, wells. Edited: Added chart. Wishful thinking of price breaking past the support easily. My target was about 10 pips away. Shame on me, haha. {image}
Try Fibbing the previous week and using daily pivots to help with your TPs.

Had the 78% fib at .55 and a pivot at .65, take the safer route for days like today where .59 was the low for the move. You usually miss out on the TPs trying to squeeze out those extra 5-10 pips.
  • #24,227
  • May 14, 2013 4:07am May 14, 2013 4:07am
Quoting SimpleDev
{quote} Try Fibbing the previous week and using daily pivots to help with your TPs. Had the 78% fib at .55 and a pivot at .65, take the safer route for days like today where .59 was the low for the move. You usually miss out on the TPs trying to squeeze out those extra 5-10 pips.
Yeah. I'll definitely keep that in mind.

Daily pivots, here I come!
Yes, I do enjoy eating bananas. Very much.
  • #24,228
  • May 14, 2013 4:20am May 14, 2013 4:20am
Quoting ieatbanana
My bias may be conflicting with some of the posters ><; but here it is! Going long for EURUSD. 1HR Going short for EURJPY. 15M {image} {image}
Volume divergence was enough to move EURUSD up....
The Market pays you to be disciplined
  • #24,229
  • May 14, 2013 5:55am May 14, 2013 5:55am
Quoting joaoborras
{quote} KS, you use the high/low to create your PnF chart, right? Do you see advantages on it instead to use the close? Or, any disadvantages using the close? Thanks!
To be honest Joao i've never used a PnF chart based on the close. From day one I read about using the high/low as the "standard" so I just stuck with that. I imagine this gives more scope on each column instead of using the close. Other than that I couldn't really give advantages / disadvantages.
  • #24,230
  • May 14, 2013 6:05am May 14, 2013 6:05am
Well i'm getting whipped around the last few days.

Yesterday's short didn't go well and once that high volume hourly pin bar came into play yesterday I changed my views and decided to take a long based on a quadruple top breakout. This was triggered around 1am my time and it pushed up around 20 pips and stopped exactly where I suggested it might in yesterday's posts. At the low of the high volume down column on the PnF chart. I'm still in the long, but only just about hanging on at the moment, there was a big trap up move into that PnF area earlier on, big fight going on at the moment.

1. The low of the high PnF column (green line).
2. The short I took yesterday, triple bottom.
3. The long I took, quadruple top.
4. The high of the hourly trap upmove this morning, back in to the low of 1.
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  • #24,231
  • May 14, 2013 7:09am May 14, 2013 7:09am
Keeping an eye on this potential BC on USD Futures.
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  • #24,232
  • May 14, 2013 10:39am May 14, 2013 10:39am
Quoting mima
{quote} Volume divergence was enough to move EURUSD up....
Seems like there's still some selling pressure.

The candle at 10PM GMT on the 1HR chart warned us not to buy yet, haha. At work, so can't attached chart
Yes, I do enjoy eating bananas. Very much.
  • #24,233
  • May 14, 2013 2:00pm May 14, 2013 2:00pm
Quoting ieatbanana
{quote} Seems like there's still some selling pressure. The candle at 10PM GMT on the 1HR chart warned us not to buy yet, haha. At work, so can't attached chart
At that time went up when you posted ...question was exit...ya it is going down...
The Market pays you to be disciplined
  • #24,234
  • May 14, 2013 6:04pm May 14, 2013 6:04pm
Previous SOS from Friday and Monday on EU taken out, with no buyers stepping in. Weakness abounds.
  • #24,235
  • May 14, 2013 10:21pm May 14, 2013 10:21pm
Quoting MarcusFire
Previous SOS from Friday and Monday on EU taken out, with no buyers stepping in. Weakness abounds.
Weekly chart, probably going to be a down week.
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  • #24,236
  • May 15, 2013 2:00am May 15, 2013 2:00am
HM..

Big long move on EURJPY. Did anyone catch it?

My bias is still down.
Yes, I do enjoy eating bananas. Very much.
  • #24,237
  • May 15, 2013 2:05am May 15, 2013 2:05am
Anywho, I'm going to sleep.

I am exhausted after finishing my term paper. ^^ Have a good night trading, ya'll.
Yes, I do enjoy eating bananas. Very much.
  • #24,238
  • May 15, 2013 2:43am May 15, 2013 2:43am
Big volume at FO and a lot of Euro news and USD news today. I don't want to short against these volumes but way too early to think of any longs. Maybe US session will present an opportunity for some pips.
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  • #24,239
  • May 15, 2013 3:04am May 15, 2013 3:04am
Quoting KinsaleForex
{quote} To be honest Joao i've never used a PnF chart based on the close. From day one I read about using the high/low as the "standard" so I just stuck with that. I imagine this gives more scope on each column instead of using the close. Other than that I couldn't really give advantages / disadvantages.
I see. Actually I thought the close to be the standard but its nice to hear from you that high/low are used instead.
It makes sense, as it captures the whole price move. Will have a look on it.

Thanks!
  • #24,240
  • May 15, 2013 4:48am May 15, 2013 4:48am
Cable is on drugs today!

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It is what happens when central bank guys open their mouth....
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