USDCAD
- #44
- Aug 29, 2013 7:55pm Aug 29, 2013 7:55pm
Scratched EURUSD and now holding this USDCAD. {image} {image}
Just looking at this trade now im assuming maybe you are out as it doesnt seem to be moving much..
Looking back at it now i think the level had already been used.
Blue box was the most recent low.. Tick shows price breaking this low.. Then the arrow down shows the possible entry which would have been quite a good one id say
Josh
nollej is power..
- #45
- Aug 30, 2013 3:03am Aug 30, 2013 3:03am
Hi nollej, yeah got busted on that USDCAD, I was going to crack it at the highs again but it was really late in my timezone so decided against it.
I've got EURJPY on the radar this morning. AUDUSD buy missed by 5pips.
I've got EURJPY on the radar this morning. AUDUSD buy missed by 5pips.
- #46
- Aug 30, 2013 3:18am Aug 30, 2013 3:18am
Hi nollej, yeah got busted on that USDCAD, I was going to crack it at the highs again but it was really late in my timezone so decided against it. I've got EURJPY on the radar this morning. AUDUSD buy missed by 5pips. {image}
Hey
I can guess your buy on AUDUSD was around 0.8897 yeh?
Heres my take on EURJPY, seeing it right?
Josh
nollej is power..
- #48
- Aug 30, 2013 4:52am Aug 30, 2013 4:52am
{quote} Hey I can guess your buy on AUDUSD was around 0.8897 yeh? Heres my take on EURJPY, seeing it right? {image} Josh
Pulled the Aussie trade, going to keep EJ. Had an order to go long UJ 97.83 that I'm pulling too.
Golds coming into an area that could find some buyers.
- #53
- Aug 30, 2013 6:38am Aug 30, 2013 6:38am
Hi Rm17557, interesting question, as I type we are about to find out I think.
I don't trade this pair it's pretty wild, the TA works but I found the squeeze just too much.
What I see in relation to this method is a failed 'up & under' that price has found support off from the other side. It has it's own problem in that the FTA isn't very far.
There is the DT trade that's being squeezed, your level could hold that.
Looking at the pair on a higher timeframe I like 154.05-154.21 short or 148.23 long
I don't trade this pair it's pretty wild, the TA works but I found the squeeze just too much.
What I see in relation to this method is a failed 'up & under' that price has found support off from the other side. It has it's own problem in that the FTA isn't very far.
There is the DT trade that's being squeezed, your level could hold that.
Looking at the pair on a higher timeframe I like 154.05-154.21 short or 148.23 long
hi Quidsey
another interesting thing about your method is if we get Sl in 1 trade and price go at that direction When price back in future to that level is very good area to Renter again with Tight Sl
another interesting thing about your method is if we get Sl in 1 trade and price go at that direction When price back in future to that level is very good area to Renter again with Tight Sl
You Must Love CandleSticks
- #57
- Sep 9, 2013 3:31am Sep 9, 2013 3:31am
Hi Josh, yes I'm looking at that one, would make a great entry for a continuation move south. Be careful though, make sure that the price structure allows you a decent FTA, we don't really want to see price drifting into the level.
I have another marked out down at the bottom of the chart but early days yet for that one, a potential range trade.
- #58
- Sep 9, 2013 3:43am Sep 9, 2013 3:43am
{image} Hi Josh, yes I'm looking at that one, would make a great entry for a continuation move south. Be careful though, make sure that the price structure allows you a decent FTA, we don't really want to see price drifting into the level. I have another marked out down at the bottom of the chart but early days yet for that one, a potential range trade.
Yeh saw that one as well but dont like it soo much.. Looks like it may have been retested already (although it never really broke away much).
nollej is power..
- #60
- Sep 9, 2013 4:26am Sep 9, 2013 4:26am
Yes those little retests happen a lot, I'm actually including them in my stats to see if it makes any difference but for the moment it doesn't seem to.
At this lower test/fake you can see that the hourly bar after the test came back and looked like a very nice engulfing bar (red arrow).. If i had taken the trade to sell at that low point and then saw that very bullish hourly afterwards it may have been very apparent, at that moment that it was a fakeout.. Then as in my previous pic you can see the quick retest, which may have picked up the buy orders to close out the previous sells..
May be completely bull dust but half the game is thinking what you would have done if you were in a trade at that point i think..
Just something to add to your studies maybe..
Josh
nollej is power..