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Riding the Gnarly trend wave...

  • #41
  • Oct 31, 2013 12:52pm Oct 31, 2013 12:52pm
There was also market chatter this morning about a better than expected PMI, I was out doing some business or I would of given you guys a heads up. Well next leak I will make sure to post, If im aloud ? I never believe them but this one turned out to be gold.
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  • #42
  • Oct 31, 2013 1:01pm Oct 31, 2013 1:01pm
Last chart for the day, I will try getting a few up everyday. All with set ups that I see to be low risk.

USD/CAD Bullish hammer on H4, I saw no reason that ucad should of dropped as hard as it did today. This is 1 pair that loves to pull fakeouts. Low volatility and lots of movement.

Stop below the 50 ma and let her ride to 1.06

We will beat the markets and the crooks trying to take your pips!! trust me
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 49 KB
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  • #43
  • Oct 31, 2013 1:02pm Oct 31, 2013 1:02pm
Quoting BobGnarly
First of many chart patterns I like to use and this is perfect. Bullish Flag Pennant in UJ Everyone and their uncle knows that UJ has been in a nice uptrend and recently it has stalled a bit. This caused a flag formation. 2 main rules of bull flag pennant 1. Price must respect and stay within the trend lines 2. There are 2 flag poles as seen in the chart... The second yellow line is the same height as the first, giving you your next target. Made a typo on chart, should be height, don't feel like fixing it haha. {image}

Nice chart. I basically have the same thing charted on my daily chart.
"A true speculator tries the market small." - Jesse Livermore
  • #44
  • Oct 31, 2013 1:09pm Oct 31, 2013 1:09pm
Quoting Jgcole83
{quote} Nice chart. I basically have the same thing charted on my daily chart.




Any feedback for the thread so far? I am trying to make a good trading/learning environment. Any suggestions would be great. Thanks for being on the thread!
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  • #45
  • Oct 31, 2013 1:16pm Oct 31, 2013 1:16pm
I'm sure most people understand how to follow trends, but something you might wanna touch on is higher highs and higher lows. Not only higher highs and higher lows bar wise, but higher highs and higher lows support and resistance wise in longer term trends.
"A true speculator tries the market small." - Jesse Livermore
  • #46
  • Oct 31, 2013 1:26pm Oct 31, 2013 1:26pm
Quoting Jgcole83
I'm sure most people understand how to follow trends, but something you might wanna touch on is higher highs and higher lows. Not only higher highs and higher lows bar wise, but higher highs and higher lows support and resistance wise in longer term trends.

Will do, Following trends is the easy part. It's the entry and exit points that matter.
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  • #47
  • Oct 31, 2013 1:27pm Oct 31, 2013 1:27pm
Quoting BobGnarly
{quote} Any feedback for the thread so far? I am trying to make a good trading/learning environment. Any suggestions would be great. Thanks for being on the thread!

Been subscribed at this thread is already a feedback . I like simple charts and simple long term strategies ( not scalping at 5 min.chart looking for 12 pips). I found them here so just go on with good work and ideas. It's rare to find traders to whom FA is even more important than TA. I say that FA is giving the direction, TA timing. Combining together could be powerful tool. About UJ - the triangle is a classic ascending one - a continuation pattern. So far UJ was in up trend, so there's the answer about future direction. If all goes by the book, of course, I hope Mr.Market wont make any unpleasant surprises. To resume: if you have any good ideas, just bring it on .
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #48
  • Oct 31, 2013 2:12pm Oct 31, 2013 2:12pm
Thank you for the kind words Bikov! I love my FA its 99% of my trading and yes TA does help a bit with entry, but the candlesticks already tell you that, haha.

I am also a firm believer in the law of attraction. Been doing it for years and it feels like you're using voodoo sometimes



I'll keep bringing the goods!



I would also like to start posting eu/us session and Asian session outlooks/analysis/upcoming news etc..
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  • #49
  • Edited 5:08pm Oct 31, 2013 4:00pm | Edited 5:08pm
Asian session.... 10/31/2013

Here is what it looks like on the news front tonight

20:30GMT Aud-PPI(Q/Q)- Expected is 0.4%, Prev 0.1



21:00-Cny-ManufacturingPMI(also has impact on Aud)- Expected 51.2%, Prev 51.1


21:45-Cny-HSBC Manufacturing PMI- Expected 50.7, Prev 50.9




I will update as the session progresses. I will also have some charts and trading directions and of course, finding new trends! The updates will come a few hours after the release to give it time and for the market to digest. I wish I could stream live, maybe in the future!

High Importance
Med Importance
Low Importance
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  • #50
  • Oct 31, 2013 5:32pm Oct 31, 2013 5:32pm
PPI for AUD came in at 1.3% vs 0.4% expected


As in my previous posts I am long AUD/NZD


Going for the 1.21 area

585 pips and risking 300


Also notice the rare quadruple bottom !
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.png Size: 56 KB
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  • #51
  • Oct 31, 2013 5:35pm Oct 31, 2013 5:35pm
Hi

Just noticed

Good luck with the forum stuff

I will read through

thanks for taking the trouble

to this:nerd:
  • #52
  • Oct 31, 2013 5:53pm Oct 31, 2013 5:53pm
Quoting eliteincome
Hi Just noticed Good luck with the forum stuff I will read through thanks for taking the trouble to this:nerd:

Thanks!!
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  • #53
  • Oct 31, 2013 5:58pm Oct 31, 2013 5:58pm
51.4 for the china PMI, Leaked a bit early as usual with china.. A/U up slightly about 10 pips. As well as audnzd
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  • #54
  • Nov 1, 2013 12:51am Nov 1, 2013 12:51am
Morning Guys ! I'm still waiting patiently ... The Asian session isnt that much of optimism thou
Sincerely Yours Cheers!
  • #55
  • Nov 1, 2013 3:40am Nov 1, 2013 3:40am
I will just share this post here too Bob, i may be more of a TA person... but hope u guys do not mind.

A general view of where we're at now...

Aqua lines, the PA zone (layman term which i used is as, entry gate towards top/bottom range. In my perspective for range/trends, between ranges etc top and btm, there's a 'gate'... at this point we're at the 'gate'... silly it may seems in terms of such perspective but it works pretty well for me...

RSI returned to mean level neither o.bought/o.sold.

my take is as such as ADX +DI is just nice at the bottom touching that' line i've come with.... i sees more probability of going up.... till then lets see how the +/- DI plays around then..
Attached Image (click to enlarge)
Click to Enlarge Name: WKUJ.JPG Size: 229 KB
Sincerely Yours Cheers!
  • #56
  • Edited 4:41am Nov 1, 2013 4:27am | Edited 4:41am
Quoting DingDongWay
I will just share this post here too Bob, i may be more of a TA person... but hope u guys do not mind. A general view of where we're at now... Aqua lines, the PA zone (layman term which i used is as, entry gate towards top/bottom range. In my perspective for range/trends, between ranges etc top and btm, there's a 'gate'... at this point we're at the 'gate'... silly it may seems in terms of such perspective but it works pretty well for me... RSI returned to mean level neither o.bought/o.sold. my take is as such as ADX +DI is just nice at the bottom...


I would never question you posting some TA, Ding. You seem to know it pretty well and that is of great help with this thread! Overnight was a bit of stop hunting I believe. usdjpy should rally pretty hard. The PMI later should be the trigger. If you notice my charts you see I only use RSI, I feel like that is the heartbeat of PA
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  • #57
  • Edited 4:46am Nov 1, 2013 4:29am | Edited 4:46am
Nothing new to my trading positions/outlook. Asian session was choppy and I think mainly a shake out. We have manufacturing ISM manufacturing index @10:00
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  • #58
  • Nov 1, 2013 5:08am Nov 1, 2013 5:08am
USDJPY is respecting its 200 day ma very nicely... notice my stop right below it, when you put stops on it's always important to see where a MA is, I put it a few pips below incase of a spike below it.
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  • #59
  • Nov 1, 2013 6:09am Nov 1, 2013 6:09am
Feds Bullard is speaking now. He is a voter on the FOMC. I will post if anything important is said.

Labor market has improved.
Small QE possible.
Unemployment is improving.


Pretty hawkish comments from Bullard, USD seems to like it.
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  • #60
  • Nov 1, 2013 6:10am Nov 1, 2013 6:10am
Quoting BobGnarly
Feds Bullard is speaking now. He is a voter on the FOMC. I will post if anything important is said. Labor market has improved. Small QE possible. Unemployment is improving. Pretty hawkish comments from Bullard, USD seems to like it.
Sincerely Yours Cheers!
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