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Trading Made Simple

  • #44,781
  • Nov 24, 2014 8:27pm Nov 24, 2014 8:27pm
Quoting griffinssoul
{quote} Great trade manoj_3986... congrats!!!
Quoting sknight1
{quote} whoot-hoo !
Thanks Griffinssoul & Sknight1 !
  • #44,782
  • Nov 24, 2014 8:32pm Nov 24, 2014 8:32pm
You are most welcome.
I'm short EJ also but, mine is still open. Targeting the 144.15 area. SL already at BE + a few.
  • #44,783
  • Nov 24, 2014 8:35pm Nov 24, 2014 8:35pm
Quoting sknight1
You are most welcome. I'm short EJ also but, mine is still open. Targeting the 144.15 area. SL already at BE + a few.
Roger that sknight1, ...I'm on your 6 - same setup, BE(+comm ) - but target a little more shallow...
  • #44,784
  • Nov 24, 2014 8:37pm Nov 24, 2014 8:37pm
Awesome !

"I'm NOT leaving my wing man!" ~Top Gun
  • #44,785
  • Nov 24, 2014 8:43pm Nov 24, 2014 8:43pm
Quoting sknight1
Awesome ! "I'm NOT leaving my wing man!" ~Top Gun
...we got bogeys coming up on the 4H... LOL!!! ...its a bounce or bust...
  • #44,786
  • Nov 24, 2014 8:47pm Nov 24, 2014 8:47pm
Quoting griffinssoul
{quote} ...we got bogeys coming up on the 4H... LOL!!!
No joke ! I just looked over at my laptop and said, "Da*n it." Maybe this one won't run until LO. If I'm stopped out, I'll watch for another push south on the 1H at that time. It may take a couple attempts.

And.... "I'm bringing him in closer Merlin...." lol ~ referring to price action
  • #44,787
  • Nov 24, 2014 8:49pm Nov 24, 2014 8:49pm
Quoting sknight1
{quote} No joke ! I just looked over at my laptop and said, "Da*n it." Maybe this one won't run until LO. If I'm stopped out, I'll watch for another push south on the 1H at that time. It may take a couple attempts.
...I'm staying frosty and going for the ride, ...its a bounce or bust... (got my safety BE in place)
  • #44,788
  • Nov 24, 2014 8:49pm Nov 24, 2014 8:49pm
Quoting manoj_3986
EJ +60 pips {image}

Manoj

Once again excellent trade and Exit.


MKFX
  • #44,789
  • Nov 24, 2014 8:59pm Nov 24, 2014 8:59pm
Quoting griffinssoul
{quote} ...I'm staying frosty and going for the ride, ...its a bounce or bust... (got my safety BE in place)
It's starting to look a little better now....
  • #44,790
  • Nov 24, 2014 10:00pm Nov 24, 2014 10:00pm
Quoting sknight1
{quote} It's starting to look a little better now....

...I'm about to have another candle painted Red - not looking for a LO on this target... 4H looking good - improvement - but "I gotta a bad feel'n about this" ... got a heavy payload...
  • #44,791
  • Nov 24, 2014 10:12pm Nov 24, 2014 10:12pm
Quoting griffinssoul
{quote} ...I'm about to have another candle painted Red - not looking for a LO on this target... 4H looking good - improvement - but "I gotta a bad feel'n about this" ... got a heavy payload...
I don't understand "heavy payload"...?
  • #44,792
  • Nov 24, 2014 10:14pm Nov 24, 2014 10:14pm
Quoting sknight1
{quote} I don't understand "heavy payload"...?
Lots - LOL!!! Its coming back to the same TP every hour and they might even reverse it on the LO??? Great entries with this method... but I get a bit lost after that in early in the Asian session...
  • #44,793
  • Nov 24, 2014 10:15pm Nov 24, 2014 10:15pm
Short from 1hr chart..... seem like momentum will be coming in once the 4hr TDI cross...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 33 KB
Click to Enlarge Name: EURAUDH4.png Size: 41 KB
  • #44,794
  • Nov 24, 2014 10:19pm Nov 24, 2014 10:19pm
Quoting Greenb
{quote} What is bearish rotation?
Hi Greenb, Rotation in price is when PA hit a major support or resistance, that convergence with Fibonacci restracement or extension, and forms weakness, ie reversal zones, but that is a lot deeper scope than this thread, we trade based on that at Mr.Pip thread, even tho I don't post much there, but its where I learnt about all these cool stuff and tips , ie the ABCD formation

Lets see EJ as an example , on Friday there was the bearish momentum downword, on Monday PA hits major support and rotate upward, thats first rotation, now the expectation for PA to ride on until it hits another major or even minor resistance, prints weakness and rotate following intermediate bearish trend , which was the 61.8 retracement of last impulsive leg down
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1.jpg Size: 240 KB
I Have Learned to Take Some Losses to Make Profits
  • #44,795
  • Nov 24, 2014 10:22pm Nov 24, 2014 10:22pm
Quoting TheScorpS
{quote} Hi Greenb, Rotation in price is when PA hit a major support or resistance, that convergence with Fibonacci restracement or extension, and forms weakness, ie reversal zones, but that is a lot deeper scope than this thread, we trade based on that at Mr.Pip thread, even tho I don't post much there, but its where I learnt about all these cool stuff and tips , ie the ABCD formation Lets see EJ as an example , on Friday there was the bearish momentum downword, on Monday PA hits major support and rotate upward, thats first rotation, now the expectation...
Many thanks TSS - we are at the moment on the 50% retrace on the 1H, right?
  • #44,796
  • Nov 24, 2014 10:23pm Nov 24, 2014 10:23pm
Long AUDUSD from 1hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 37 KB
  • #44,797
  • Nov 24, 2014 10:29pm Nov 24, 2014 10:29pm
Quoting erelation
Long AUDUSD from 1hr chart {image}
Thanks erelation... watching AU
  • #44,798
  • Nov 24, 2014 10:30pm Nov 24, 2014 10:30pm
Quoting griffinssoul
{quote} Lots - LOL!!! Its coming back to the same TP every hour and they might even reverse it on the LO??? Great entries with this method... but I get a bit lost after that in early in the Asian session...
got'cha
  • #44,799
  • Nov 24, 2014 10:31pm Nov 24, 2014 10:31pm
Ok, checked in this morning to find 126 posts to read!! Fantastic trading everyone, brightened my morning to read all the posts, I should be back to trading (and posting) normally by tomorrow so it will be nice to get in amongst it again
  • #44,800
  • Nov 24, 2014 10:40pm Nov 24, 2014 10:40pm
Quoting TheScorpS
{quote} Hi Greenb, Rotation in price is when PA hit a major support or resistance, that convergence with Fibonacci restracement or extension, and forms weakness, ie reversal zones, but that is a lot deeper scope than this thread, we trade based on that at Mr.Pip thread, even tho I don't post much there, but its where I learnt about all these cool stuff and tips , ie the ABCD formation Lets see EJ as an example , on Friday there was the bearish momentum downword, on Monday PA hits major support and rotate upward, thats first rotation, now the expectation...

So Scorp, you think we're still good on the EJ short??? Am I understanding you correctly?
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