- #61,963
- Edited 11:39pm Nov 10, 2013 10:49pm | Edited 11:39pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
NU Long Trade:
Entered long Scout #1. Just a small dabble in the early week market, which is usually terrible. I went long on this pullback. The basis for doing so is the volume earlier. You can see that the volume was notable on the pullback below the Dragon (to below the half number SR) and that the move back up was strong with volume. This current pullback is not quite 50% and the price might get pulled back more. We'll see if that happens. If it does, and sufficiently, I might add.
In the bigger picture, this has the potential for great downside, with potential H&S formation. I view the possibility for this long trade as just being a pull back upwards before the market gets serious about a good run down. 
Entered long Scout #2. Adjusted TP and SL. Dastardly MMs yanked the price lower (
). If they get it to the half number, I'll add a third long Scout. 
Entered long Scout #1. Just a small dabble in the early week market, which is usually terrible. I went long on this pullback. The basis for doing so is the volume earlier. You can see that the volume was notable on the pullback below the Dragon (to below the half number SR) and that the move back up was strong with volume. This current pullback is not quite 50% and the price might get pulled back more. We'll see if that happens. If it does, and sufficiently, I might add.
In the bigger picture, this has the potential for great downside, with potential H&S formation. I view the possibility for this long trade as just being a pull back upwards before the market gets serious about a good run down.
Entered long Scout #2. Adjusted TP and SL. Dastardly MMs yanked the price lower (
). If they get it to the half number, I'll add a third long Scout. - #61,964
- Nov 10, 2013 11:30pm Nov 10, 2013 11:30pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
{quote} They must be joking!!! 2 seconds before the news is released. Oh but wait there's more to the story as much as 10 minutes evan an hour before. Look at the EU 24 hours or more before a string of poor data that led to the drop. Not that I'm complaining. This fine thread and the quality posting within it is helping to teach me how to read these signals. Thanks again sonicers. DrJ {image}
i have a question , because we have a coder here , and we have many old trader. my question : we use 1 same software called 'MT4 , for transaction order calculated lot and balance should connected to brokers server and brokers connected to outside mainserver (they said big bank or metaquotes server) for realtime data. if compare with different broker USA/europe/russian/australia , why sometimes we got different candle ?
FXDRJ find different candle with my chart and other broker chart , your chart show red , this chart show green
- #61,965
- Nov 10, 2013 11:45pm Nov 10, 2013 11:45pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
rest touch , AU long ,i'm not on desk with my template
- #61,966
- Nov 10, 2013 11:47pm Nov 10, 2013 11:47pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #61,967
- Nov 11, 2013 12:49am Nov 11, 2013 12:49am
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
{quote} EJ - that is exactly what we need, higher activity at the low of the second leg. Possible Sonic classic forming also. Marked some potential TP areas also. {image}
looking for TP2
Whatever is obvious is obviously wrong!"
- #61,970
- Nov 11, 2013 1:55am Nov 11, 2013 1:55am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
rest touch , AU long ,i'm not on desk with my template {image}
reverse AU short
- #61,972
- Edited 3:06am Nov 11, 2013 2:35am | Edited 3:06am
{quote} I entered short on that trade too, after checking the daily, there is a nice looking pin bar, and the high has not been broke, so it is still valid, I took the trade on the M15 on the break of a low. 2 positions opened, I am going to target the area with the blue line as my final TP with one position. {image}
. I looking your TP too but I see strong support on TF H4 .
- #61,973
- Nov 11, 2013 3:07am Nov 11, 2013 3:07am
{quote}
That area on the daily is a final TP which might not even get hit
insideBars==boss
