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  • #4,061
  • Apr 27, 2014 4:29pm Apr 27, 2014 4:29pm
Quoting srt
{quote} Watchlist {image} {image}

Yes Srt I agree that 2900 must be taken out to consider a short. It is major support. By the way I registered on traderview after seeing your charts. It is more versatile than the insidefutures I use for my charting


Olu
If you think you can or cannot do it you are correct
  • #4,062
  • Apr 27, 2014 4:45pm Apr 27, 2014 4:45pm
Quoting srt
I was just laughing when I thought about our bias in the markets again. You're looking for cocoa to break support to short it & I'm looking for a crash so I can start buying.
I see it too Srt. Look at it from this angle though. I sell 2890 or so looking for at least 2800 and you come in and buy 2800 looking for higher prices. You are right I am more selling biased and that might be from my mentoring where I imbibed the saying 'markets go up in stairs but go down by the escalator' or something to that effect. It is only partly true though because there is no stronger escalator upmove than the grains in a weather scare

Olu
If you think you can or cannot do it you are correct
  • #4,063
  • Apr 27, 2014 4:55pm Apr 27, 2014 4:55pm
Crude Oil
Attached Image
If you think you can or cannot do it you are correct
  • #4,064
  • Apr 27, 2014 6:11pm Apr 27, 2014 6:11pm
NzdUsd
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If you think you can or cannot do it you are correct
  • #4,065
  • Apr 27, 2014 6:40pm Apr 27, 2014 6:40pm
Quoting Olu
NzdUsd {image} {image}
Hi Olu, I hope you donīt mind.
I see a good chance to buy until the next resistance.
Attached Image
  • #4,066
  • Apr 27, 2014 7:07pm Apr 27, 2014 7:07pm
Quoting bodypip
{quote} Hi Olu, I hope you donīt mind. I see a good chance to buy until the next resistance. {image}
No problem bodypip. I dont mind. I am not doing anything with nzdusd until I see a breakdown -retest -and move down. If you read this thread you will read a lot of posts that differ in opinion to mine. You are most welcome. Your ideas is very possible as I said on the weekly chart

Thanks for your input. More please

Olu
If you think you can or cannot do it you are correct
  • #4,067
  • Apr 27, 2014 11:42pm Apr 27, 2014 11:42pm
I TP my short GJ. Prices are looking to me that they are set to breakout the ascending triangle and go to test the 174-175 area. I am long
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  • #4,068
  • Apr 28, 2014 2:24am Apr 28, 2014 2:24am
Quoting rehab
I TP my short GJ. Prices are looking to me that they are set to breakout the ascending triangle and go to test the 174-175 area. I am long {image}

Hi Rehab

That triangle idea with an upside breakout is still running in gbpjpy. We haven't see the breakout yet though...


Olu
If you think you can or cannot do it you are correct
  • #4,069
  • Apr 28, 2014 2:57am Apr 28, 2014 2:57am
Quoting Olu
{quote} Hi Rehab That triangle idea with an upside breakout is still running in gbpjpy. We haven't see the breakout yet though... Olu
I agree with you but I am trying to learn to predict breakout early to get a good RR. I am learning to do it by geting early with part position, then adding on. It is an experiment " which totally failed in predicting the bullish Gold trend"
  • #4,070
  • Apr 28, 2014 3:28pm Apr 28, 2014 3:28pm
EurGbp
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If you think you can or cannot do it you are correct
  • #4,071
  • Apr 28, 2014 3:33pm Apr 28, 2014 3:33pm
Quoting Olu
{quote} No problem bodypip. I dont mind. I am not doing anything with nzdusd until I see a breakdown -retest -and move down. If you read this thread you will read a lot of posts that differ in opinion to mine. You are most welcome. Your ideas is very possible as I said on the weekly chart Thanks for your input. More please Olu
The last setup has failed and adjusting.
But I still see a possibility to go up ... or itīs just a trap?
And in a few hours we have trade balance.
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  • #4,072
  • Apr 28, 2014 3:41pm Apr 28, 2014 3:41pm
Quoting bodypip
{quote} The last setup has failed and adjusting. But I still see a possibility to go up ... or itīs just a trap? And in a few hours we have trade balance. {image}
Thanks bodypip for your post. I am also waiting for that report. See you then

Olu
If you think you can or cannot do it you are correct
  • #4,073
  • Apr 28, 2014 4:00pm Apr 28, 2014 4:00pm
NzdCad weekly
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If you think you can or cannot do it you are correct
  • #4,074
  • Apr 28, 2014 7:51pm Apr 28, 2014 7:51pm
Quoting Olu
{quote} I agree with you that 1.5000 will be a good selling point BW but can it get there? Olu
1.4995 reached on E/A which is close enough for me to add to my short, crossing fingers, clenching buttocks. All we can do is place the trade and pray.
It doesn't really feel good doing this now even though I planned the trade in advance. But as traders we're supposed to sell breakout pullbacks and the breakout was the break of the neckline and the pullback is to the neckline, so God help me, I'm adding to my short. I don't like it cos that makes me sizably short Euro and that's something of a crowded trade and non-contrarian position. Also it could go up much further, 1.5023 is the next neckline (there appear to be two), then there is room even up to 1.52 so no farm being bet here...aaarrgggh, who'd be a trader??!!! The stress!!! The uncertainty!!!
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I have no clue what I'm talking about.
  • #4,075
  • Edited 9:06pm Apr 28, 2014 8:42pm | Edited 9:06pm
Quoting Boy Wonder
{quote} 1.4995 reached on E/A which is close enough for me to add to my short, crossing fingers, clenching buttocks. All we can do is place the trade and pray. It doesn't really feel good doing this now even though I planned the trade in advance. But as traders we're supposed to sell breakout pullbacks and the breakout was the break of the neckline and the pullback is to the neckline, so God help me, I'm adding to my short. I don't like it cos that makes me sizably short Euro and that's something of a crowded trade and non-contrarian position. Also...

Hi BW

I faced the same dilemma when I got the alert 1.5000 alert. I didnt like the way the level was reached. It was too impulsive for my liking. As you said it appears there is room for more upside. And price appears to be showing an 'dirty' inverse H&S whth a neckline around 4950 and a double bottom pattern with a neckline around 4850 as well. So I decided to abort the trade plan for now. and look for more straightforward trades (to me anyway)

Olu
If you think you can or cannot do it you are correct
  • #4,076
  • Apr 29, 2014 6:15am Apr 29, 2014 6:15am
Quoting Olu
{quote} Hi BW I faced the same dilemma when I got the alert 1.5000 alert. I didnt like the way the level was reached. It was too impulsive for my liking. As you said it appears there is room for more upside. And price appears to be showing an 'dirty' inverse H&S whth a neckline around 4950 and a double bottom pattern with a neckline around 4850 as well. So I decided to abort the trade plan for now. and look for more straightforward trades (to me anyway) Olu
Hi Olu
Well after posting of course it cracked 1.50 and in the end I added all the way up to 1.5020 and it turns out the high according to IB was 1.5022.
Sometimes you just gotta trust the theory and take the trade but I understand it looked a bit dodgy taking the trade when the bar was green.
We might see a second attempt to press up against that resistance, or maybe just a push at 1.50.
I have no clue what I'm talking about.
  • #4,077
  • Apr 29, 2014 6:30am Apr 29, 2014 6:30am
I am also short GBPAUD, similar set-up but not quite as clear. I am still waiting for a blow-off top on GBP crosses, but we may not get one and I don't want to miss a good short trade on GBP.
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I have no clue what I'm talking about.
  • #4,078
  • Apr 29, 2014 6:56am Apr 29, 2014 6:56am
Quoting Olu
NzdUsd {image} {image}
Hi Olu, I'm still short N/U and my target area is somewhere between 0.83 and 0.84 - the black box on the image.
Target is based on a potential measured move down from the complex top, potential move to 100dma or 200dma, prior resistance/support etc.
I have a feeling there are lots of bottom pickers going long here. They might be right, but at the moment it looks weak.
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I have no clue what I'm talking about.
  • #4,079
  • Apr 29, 2014 7:36am Apr 29, 2014 7:36am
Quoting Boy Wonder
{quote} Hi Olu Well after posting of course it cracked 1.50 and in the end I added all the way up to 1.5020 and it turns out the high according to IB was 1.5022. Sometimes you just gotta trust the theory and take the trade but I understand it looked a bit dodgy taking the trade when the bar was green. We might see a second attempt to press up against that resistance, or maybe just a push at 1.50.
Well done on the euraud trade. Another credit to the 'plan the trade and trade the plan' trading truth. We can take it that price was repelled from the neckline and it's probably down from here

olu
If you think you can or cannot do it you are correct
  • #4,080
  • Apr 29, 2014 9:11am Apr 29, 2014 9:11am
Quoting Olu
{quote} Well done on the euraud trade. Another credit to the 'plan the trade and trade the plan' trading truth. We can take it that price was repelled from the neckline and it's probably down from here olu
Thanks mate.
I have no clue what I'm talking about.
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