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  • #32,001
  • Mar 10, 2014 7:14am Mar 10, 2014 7:14am
Quoting Bizzzle
Nice pullback on EJ from move up... we are at 38.2 fib!! Will we see continuation?
EJ is following EMA 10 to upside on the H1 chart, are we going north?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_EMA10.jpg Size: 318 KB
I Have Learned to Take Some Losses to Make Profits
  • #32,002
  • Mar 10, 2014 7:25am Mar 10, 2014 7:25am
Any trades / trading opportunities today ?
  • #32,003
  • Mar 10, 2014 7:30am Mar 10, 2014 7:30am
Quoting TheScorpS
{quote} EJ is following EMA 10 to upside on the H1 chart, are we going north? {image}
I think so, I am long as we pulled back on the 1 hour this morning, next price level for me is 144.19 if we continue up!

The hourly has bullish divergence.

I am targeting 144.09 just below the ADR...

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #32,004
  • Mar 10, 2014 7:31am Mar 10, 2014 7:31am
Quoting irishtoffy
UY in a strong move upwards from a HL. Continuation of last weeks move up. Formed a 1-2-3 reversal formation, with a PCRF also. This CS should close and it should form a TDI cross also. Small initial SL, and potential to move SL to BE before last week high is hit and BRN 104.00 comes in to play. Any risks anyone sees that I haven't seen? irishtoffy {image}

both UJ and EJ are in consolidation.
any buy trade now is early entry until the potential MC breakout.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,005
  • Mar 10, 2014 7:46am Mar 10, 2014 7:46am
Quoting Fx94
Any trades / trading opportunities today ?

what about EURAUD H1? do you see consolidation and breakout?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,006
  • Mar 10, 2014 7:46am Mar 10, 2014 7:46am
Quoting Bizzzle
{quote} I think so, I am long as we pulled back on the 1 hour this morning, next price level for me is 144.19 if we continue up! The hourly has bullish divergence. I am targeting 144.09 just below the ADR... Best of luck
Hello Bizzzle, Thanks for pointing out the use of the fib channel to draw the trend and heart line on H4 a few days ago.

I can't see your 38 fib or bullish divergence on EJ H1.

GJ however is at the 38 fib of last week's up move and the previous monthly high.

Kan
Thanks for your help, warmth and straight talking Heather.
  • #32,007
  • Mar 10, 2014 7:51am Mar 10, 2014 7:51am
The negative on GJ is that it's in a new down channel on H1 that lines up very neatly with previous s/r.
Thanks for your help, warmth and straight talking Heather.
  • #32,008
  • Mar 10, 2014 7:52am Mar 10, 2014 7:52am
Quoting emmanuel7788
{quote} what about EURAUD H1? do you see consolidation and breakout?

Do you mean to go long after price leaves the H1 MC ?
  • #32,009
  • Mar 10, 2014 7:52am Mar 10, 2014 7:52am
I long EJ after the H! outside bar which angled the TDI up. Price really hesitate to go up.
Everything you can imagine, is real - Pablo Picasso
  • #32,010
  • Mar 10, 2014 7:57am Mar 10, 2014 7:57am
Quoting Kanderpro
{quote} Hello Bizzzle, Thanks for pointing out the use of the fib channel to draw the trend and heart line on H4 a few days ago. I can't see your 38 fib or bullish divergence on EJ H1. GJ however is at the 38 fib of last week's up move and the previous monthly high. Kan
Here you go mate:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 10.3.png Size: 38 KB
Give yourself a chance and trade it like it's layed out...
  • #32,011
  • Mar 10, 2014 8:05am Mar 10, 2014 8:05am
[quote=Bizzzle;7330399]{quote} Here you go mate: /quote]

Thanks Bizzzle. I look for a shorter-term divergence. You however, are more successful than me. Good luck.
Thanks for your help, warmth and straight talking Heather.
  • #32,012
  • Mar 10, 2014 8:28am Mar 10, 2014 8:28am
Quoting emmanuel7788
{quote} both UJ and EJ are in consolidation. any buy trade now is early entry until the potential MC breakout.
There was a bounce off the low of the MC.

Would you wait for a confirmed BO of either the high of the low of the MC then?
  • #32,013
  • Mar 10, 2014 8:40am Mar 10, 2014 8:40am
Quoting irishtoffy
{quote} There was a bounce off the low of the MC. Would you wait for a confirmed BO of either the high of the low of the MC then?

it is always risky to trade when price is in consolidation and also when the TDI PL move outside the VB, it will follow with sideways market.
in such situation, we look for price - TDI divergence , then a setup for sell or market can also breakout upwards.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ week 11 H4 TDI VB.png Size: 49 KB


the same for EJ:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 H4 TDI VB.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,014
  • Mar 10, 2014 8:42am Mar 10, 2014 8:42am
Quoting pundit78
{quote} Thanks Aussie. {image}
thank you for good info,have a nice day mate
  • #32,015
  • Mar 10, 2014 9:28am Mar 10, 2014 9:28am
Hello,

I shorted AUDUSD last friday at 0.9088 and still holding this trade, do you have any thoughts how low in can go ?

I have difficulties with exiting the trade..
  • #32,016
  • Mar 10, 2014 9:30am Mar 10, 2014 9:30am
EJ just reversed on me, out at -25 pips
Everything you can imagine, is real - Pablo Picasso
  • #32,017
  • Mar 10, 2014 9:33am Mar 10, 2014 9:33am
AUDUSD is above the Ichimoku cloud on the Daily
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 42 KB
  • #32,018
  • Mar 10, 2014 10:40am Mar 10, 2014 10:40am
Cut it short a little bit earlier but it was worth.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 239 KB
  • #32,019
  • Mar 10, 2014 10:58am Mar 10, 2014 10:58am
I did my first bounce trade when shorting gpbusd at 4am eastern time this morning. It tanked really fast and now I'm waiting for it to hit my 100 pip TP. Seems like everything else today is on the 3rd candle which is a no go for entry.
MAY THE PIPS BE WITH YOU!
  • #32,020
  • Mar 10, 2014 11:57am Mar 10, 2014 11:57am
EJ week 11 potential H&S chart patterm:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 11 H4 Head Shoulders.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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