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  • #19,341
  • May 23, 2014 7:02am May 23, 2014 7:02am
Quoting godim
gbp/usd --> buy limit 6825 + spread? {image} {image} {image}
I will not be online. I canceled the orders. Conditions already passed. After a drop could mean breaking.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,342
  • May 23, 2014 8:14am May 23, 2014 8:14am
Quoting T@rantula
{quote} I use different method for trailing stop. it depends of the currency pair traded. I may write an article, concerning trailing stop. Usually after the prices moves 12-15 pips i put the trade on BE or if the momentum is strong, i make it BE+20 effectively locking 20 pips. Then for each 12 pips move my SL for +10. Since i trade 24 different pairs and my stop is 30 pips 95 % of the time its pretty good. CAMMACD is 75-80 % successful picking initial POC entries.
Thanks! Let us know if you write the article i will subscribe for sure.
Best regards!
  • #19,343
  • May 23, 2014 8:15am May 23, 2014 8:15am
Cable situation is still strange. Fundamentals are pretty good, technicals point to 6950 region but it seems we have some profit taking happening today 6820 is the bullish defense zone else we might drop to 6790. 6850 is now mini resistance.
  • #19,344
  • May 23, 2014 8:25am May 23, 2014 8:25am
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gannmasterforex.blogspot.ro
  • #19,345
  • May 23, 2014 8:30am May 23, 2014 8:30am
Breakout Retest trade is possible on CADJPY around 93.50 zone. 93.80 and 94.00 are targets. We have flat top ascending triangle and Breakout of Flat top side of the triangle.

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  • #19,346
  • May 23, 2014 11:15am May 23, 2014 11:15am
+20 pips currently Entry @ 59 after a retest
  • #19,347
  • May 24, 2014 11:47am May 24, 2014 11:47am
Hi guys , buy coincidence stumbled on this amazing thread.
A lot of good stuff is to be found here.
I am normally not in the habit of posting much , but would like to contribute to this thread if possible.
My background is more based in stocks and indices , but for a while I am now more involved in FX.

In 2 weeks we will have the important decision by the ECB so I analysed the Euro/Dollar.
Would appreciate any comments from you Pro's.

Weekly
what I see ;
the purple TL from april 2008 was pierced a few times but never broken on a closing basis, so I suppose this will act as Resistance from now on , furthermore the 1.4000 is resistance .
Supportzone is in the 1.3500 area ( 38.2 Fib from upswing started july 2012 and 50 Fib from previous Downswing
starting may 2011 ) and we have a green upchannel which will give support in this area.
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  • #19,348
  • May 24, 2014 11:49am May 24, 2014 11:49am
Euro Dly
The green innerTL can give some temporary support to the downfall.
Hopefully a retrace can bring us to the purple TL for a shorttrade . Target seems to me the 1.3500 region on the daily as well on the weekly.
So all in all , my analyses expects a continuation of the downturn till the ECB meeting on 5' th of june,
and hopefully a retest of the daily TL.
But as long as the Euro trades above 1.3500 we could see a resumption of the uptrend.

As english is not my native language I do apologize for any misunderstandings.
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  • #19,349
  • May 25, 2014 8:23am May 25, 2014 8:23am
Hi. Me again and the GBP/JPY Daily..
Still very interesting constellation at the moment.

Wait for a clearer picture or a *** with a small Lot and double up the Lot if the trade goes in your direction.

imo :nerd:

Have a nice week, except the people at Balkans who are underwater. Every $ counts..

http://www.redcross.org.uk/Donate-No...-Floods-Appeal
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How to opt out annoying user signatures ??
  • #19,350
  • May 26, 2014 2:44am May 26, 2014 2:44am
Quoting c49
Hi guys , buy coincidence stumbled on this amazing thread. A lot of good stuff is to be found here. I am normally not in the habit of posting much , but would like to contribute to this thread if possible. My background is more based in stocks and indices , but for a while I am now more involved in FX. {image}
Thanks and welcome!
  • #19,351
  • May 26, 2014 2:45am May 26, 2014 2:45am
Quoting Toranaga
Hi. Me again and the GBP/JPY Daily.. Still very interesting constellation at the moment. Wait for a clearer picture or a *** with a small Lot and double up the Lot if the trade goes in your direction. imo :nerd: Have a nice week, except the people at Balkans who are underwater. Every $ counts.. http://www.redcross.org.uk/Donate-No...-Floods-Appeal {image} {image} {image} {image} {image} {image}
Thanks Toranaga!
  • #19,352
  • May 26, 2014 2:36pm May 26, 2014 2:36pm
hi to all personal here
in my interesse of learning my question .
is this a consolidation or a triangulo or bouth for mi it is a triangulo descending sorry my inglis
i open a sell posicion on this stocastic is to hi
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Scalping
  • #19,353
  • May 27, 2014 5:10am May 27, 2014 5:10am
Quoting guguxpto
hi to all personal here in my interesse of learning my question . is this a consolidation or a triangulo or bouth for mi it is a triangulo descending sorry my inglis i open a sell posicion on this stocastic is to hi {image}
What u charted is a flat bottom descending triangle.
  • #19,354
  • May 27, 2014 5:49am May 27, 2014 5:49am
e/u
it need some time to breath before continue going down my number 1.3525
pick up your entry and get ++ no rush
  • #19,355
  • May 27, 2014 6:01am May 27, 2014 6:01am
Quoting T@rantula
{quote} What u charted is a flat bottom descending triangle.
thanks tarantula this one wase right once a take a short entry it gives 15 pib not mutch but a new bigining , diferent aprotche for me .
a have to make my work on daily charts my entries are on 1hand 4h i´m a truck driver allways on the road my free time a spend here learning whit you learning .
i holp this summer y me be abble to see you live seminaris
Scalping
  • #19,356
  • May 27, 2014 8:03am May 27, 2014 8:03am
Quoting egkid
e/u it need some time to breath before continue going down my number 1.3525 pick up your entry and get ++ no rush
Hey bro, I agree. 3735 needs to hold for 3580-20 levels.

Quoting guguxpto
{quote} thanks tarantula this one wase right once a take a short entry it gives 15 pib not mutch but a new bigining , diferent aprotche for me . a have to make my work on daily charts my entries are on 1hand 4h i´m a truck driver allways on the road my free time a spend here learning whit you learning . i holp this summer y me be abble to see you live seminaris
Yes there will be webinars during the summer ( till August ).
  • #19,357
  • May 27, 2014 8:25am May 27, 2014 8:25am
EURUSD is still in some minor range but clearly depicting downtrend. From intraday point of view, 3655 is very important level. H3 and trendline confluence makes it interim resistance but also we can see some near term sellers there. While EURUSD is below 3655 3605-3595 are targets while jump above may target h5 level which is 3685 and 3700.

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  • #19,358
  • May 27, 2014 9:22am May 27, 2014 9:22am
UJ going to form head and sholder?
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  • #19,359
  • May 27, 2014 10:34am May 27, 2014 10:34am
Quoting bolehbah69
UJ going to form head and sholder? {image}
You thought about inverted right? Well its too deep for inverted hs. The head is too deep.
  • #19,360
  • May 28, 2014 3:34am May 28, 2014 3:34am
GBPJPY has broken the intraweek trendline and now logical spot for selling would be a retest which also forms a POC ( point of confluence ) around 171.20-30 zone which consists of broken trendline , fibs and L3 cam level. If it is retested it could proceed down to 170.20 and 169.85,which are most prominent swings now acting as supports. Since we are trading intraday, i advise using trailing stop.

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