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Ramblings of a Forex Junkie

  • #3,661
  • May 29, 2013 8:00pm May 29, 2013 8:00pm
Riding the express.
Attached Image (click to enlarge)
Click to Enlarge Name: riding the elevator..gif Size: 15 KB
  • #3,662
  • May 29, 2013 8:20pm May 29, 2013 8:20pm
Quoting Seneca pilot
Riding the express. {image}
it will not last too long
As Above, So Below
  • #3,663
  • May 29, 2013 8:34pm May 29, 2013 8:34pm
Quoting tashkent
{quote} it will not last too long
That input is drowning in reason...

Current move is 88 pips from entry at WL or 58 at AO where SP entered. Pretty sure doesn't matter how long it lasts, it hit resistance at more than enough R:R. Even if you eyed a greater TP you have some support built up underneath current price.
  • #3,664
  • May 29, 2013 8:40pm May 29, 2013 8:40pm
if that was a scalp and bought at bottom, i agree, very good trade. but i see shortly it will come back to where it was.
As Above, So Below
  • #3,665
  • May 29, 2013 9:06pm May 29, 2013 9:06pm
Quoting tashkent
if that was a scalp and bought at bottom, i agree, very good trade. but i see shortly it will come back to where it was.
I will assume you are blind in one eye and don't have your glasses for the other. I entered, rode it up and exited at the first resistance. I don't care what it does for the rest of the night I am on to other things.
  • #3,666
  • May 29, 2013 9:08pm May 29, 2013 9:08pm
Quoting Seneca pilot
{quote} I will assume you are blind in one eye and don't have your glasses for the other. I entered, rode it up and exited at the first resistance. I don't care what it does for the rest of the night I am on to other things.
Furthermore that hour bar completely engulfed the previous ten hours of price. It may have some legs.
  • #3,667
  • May 29, 2013 9:15pm May 29, 2013 9:15pm
Quoting Seneca pilot
{quote} I will assume you are blind in one eye and don't have your glasses for the other. I entered, rode it up and exited at the first resistance. I don't care what it does for the rest of the night I am on to other things.
WOW.
what a reaction
sorry and i am out of here
As Above, So Below
  • #3,668
  • May 29, 2013 9:24pm May 29, 2013 9:24pm
Quoting tashkent
{quote} WOW.what a reactionsorry and i am out of here
Not sure what type of reaction you would expect. You were telling me how to manage a closed trade.
  • #3,669
  • May 29, 2013 9:47pm May 29, 2013 9:47pm
Quoting Seneca pilot
{quote} Not sure what type of reaction you would expect. You were telling me how to manage a closed trade.
that is why i said it was a very good trade if it was a scalping.
As Above, So Below
  • #3,670
  • May 30, 2013 6:46am May 30, 2013 6:46am
Quoting mmaker
{quote}What is "58 at AO"? I saw in the picture the entry was just above 100.911, don't see "58" nearby.
Asia Open, but should just have said Tokyo Open.

I was just saying that there was plenty enough in the move for a good R:R. If entered at prev week low the move contained 88 pips and if entered at the break of the 1st 15-minute TO it had given up to 58 pips. It was a good setup.
  • #3,671
  • May 30, 2013 8:19am May 30, 2013 8:19am
Quoting TantumVerum
{quote} Asia Open, but should just have said Tokyo Open. I was just saying that there was plenty enough in the move for a good R:R. If entered at prev week low the move contained 88 pips and if entered at the break of the 1st 15-minute TO it had given up to 58 pips. It was a good setup.
They are excellent set ups.

Blue lines bracket inside bar just after the Tokyo open which was at a new low and rejection of the previous week low. Green lines bracket London open just off a new low and a rejection of the previous week low. Yellow lines bracket NY open at highs of the day and resistance.

Express elevator set ups at A+ locations and at all three market opens.
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  • #3,672
  • May 30, 2013 8:43am May 30, 2013 8:43am
But price broke the upper boundary of the NY open M15 bar range first... would it have triggered a long order??
although it broke the lower boundary later...
Quoting Seneca pilot
{quote} They are excellent set ups. Blue lines bracket inside bar just after the Tokyo open which was at a new low and rejection of the previous week low. Green lines bracket London open just off a new low and a rejection of the previous week low. Yellow lines bracket NY open at highs of the day and resistance. Express elevator set ups at A+ locations and at all three market opens. {image}
  • #3,673
  • May 30, 2013 8:44am May 30, 2013 8:44am
Quoting kk007
But price broke the upper boundary of the NY open M15 bar range first... would it have triggered a long order??although it broke the lower boundary later...{quote}
Why would I want to buy at a high?
  • #3,674
  • May 30, 2013 9:08am May 30, 2013 9:08am
Quoting Seneca pilot
{quote} Why would I want to buy at a high?
Thanks, i see. But after the upper boundary has been broken, you still trade the breakout of the lower boundary?
  • #3,675
  • May 30, 2013 9:09am May 30, 2013 9:09am
Coincidentally, my "set-and-forget trade" was triggered - long usdjpy at last week's low, stoploss using the weekly ATR, and took profit at 1.6 times risk.

Quoting Seneca pilot
{quote} They are excellent set ups. Blue lines bracket inside bar just after the Tokyo open which was at a new low and rejection of the previous week low. Green lines bracket London open just off a new low and a rejection of the previous week low. Yellow lines bracket NY open at highs of the day and resistance. Express elevator set ups at A+ locations and at all three market opens. {image}
  • #3,676
  • May 30, 2013 9:43am May 30, 2013 9:43am
Quoting kk007
{quote} Thanks, i see. But after the upper boundary has been broken, you still trade the breakout of the lower boundary?
After a small fake breakout up the short is that much stronger.
  • #3,677
  • May 30, 2013 9:44am May 30, 2013 9:44am
Quoting TraderT
Coincidentally, my "set-and-forget trade" was triggered - long usdjpy at last week's low, stoploss using the weekly ATR, and took profit at 1.6 times risk. {quote}
  • #3,678
  • May 30, 2013 9:48am May 30, 2013 9:48am
Not sure if anyone missed this but US unemployment numbers and Prelim GDP both missed and the "news" trade on EU could have made 75 pips on small draw down so far.
  • #3,679
  • May 30, 2013 9:56am May 30, 2013 9:56am
Quoting Seneca pilot
{quote} After a small fake breakout up the short is that much stronger.

Thanks!
  • #3,680
  • May 31, 2013 8:47am May 31, 2013 8:47am
SP,

Curious if you traded into the U/J 100.80 this morning for the 10 o'clock?

Edit: Appears all money is flowing U/J. I should say is driving the flow.
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