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Bull City Baby! Buying Opportunities

  • #1,201
  • Dec 17, 2014 1:56pm Dec 17, 2014 1:56pm
Nice gains dbutton1990.

I hope everyone is making some cash, now the real hand is dealt!!!
  • #1,202
  • Dec 17, 2014 2:00pm Dec 17, 2014 2:00pm
Quoting monarch
Nice gains dbutton1990. I hope everyone is making some cash, now the real hand is dealt!!!
Thanks! TP is at 119.00....wondering if it will go past it
Good luck and may the odds be ever in your favor!
  • #1,203
  • Dec 17, 2014 2:00pm Dec 17, 2014 2:00pm
I'm a new trader so I got in late from nerves. +30 Pips right now. Thanks for this forum. It's helping my learning curve!
  • #1,204
  • Dec 17, 2014 2:02pm Dec 17, 2014 2:02pm
Quoting dbutton1990
{quote} Thanks! TP is at 119.00....wondering if it will go past it
It might bounce around and pull back some, but the move looks nice right now

I had shorts on GU and a long on EJ but clear now till I get retrace entries.

Make it happen d....
  • #1,205
  • Dec 17, 2014 2:04pm Dec 17, 2014 2:04pm
Some strong resist at 118.95ish. Well see.
  • #1,206
  • Dec 17, 2014 2:06pm Dec 17, 2014 2:06pm
The good news is for this thread is that the darn DTL is finally broken. We could possibly go back and test the backside of that, and then skyrocket. We shall see.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 111 KB
Good luck and may the odds be ever in your favor!
  • #1,207
  • Dec 17, 2014 2:08pm Dec 17, 2014 2:08pm
Just Took Profit for now. I'm thinking we are headed back down to test the backside of that DTL
Good luck and may the odds be ever in your favor!
  • #1,208
  • Dec 17, 2014 2:15pm Dec 17, 2014 2:15pm
Quoting dbutton1990
{quote} Thanks! TP is at 119.00....wondering if it will go past it
are you refering to UJ?
  • #1,209
  • Dec 17, 2014 2:20pm Dec 17, 2014 2:20pm
Back in at 118.54. Stop is at 118.20. Very low risk trade imo
Good luck and may the odds be ever in your favor!
  • #1,210
  • Dec 17, 2014 2:29pm Dec 17, 2014 2:29pm
I monitor 4 pairs only.
Normally you can see when price moves on the 4 pairs at the same time shows me if there is enough momentum to make trades.
If one pair moves with out the other, I will hold off entering a breakout and wait for pullbacks....
Right now EU and GU are holding off moving deeper,while UJ is pressing the top, if EU and GU continue down, then the UJ bullish will continue along with them and vice versa.

Note: Also when 1 pair like UJ moves rapid, I will watch for the opposite on EU/GU for trades, and the same when those pairs move fast.

I will keep quiet now, don't want to get off thread subject, sorry ben!
  • #1,211
  • Dec 17, 2014 2:44pm Dec 17, 2014 2:44pm
Quoting dbutton1990
Back in at 118.54. Stop is at 118.20. Very low risk trade imo
Moved SL to BE
Good luck and may the odds be ever in your favor!
  • #1,212
  • Dec 17, 2014 2:45pm Dec 17, 2014 2:45pm
We are at the .786 retracement level from the previous down move. If this holds I will close my position
Good luck and may the odds be ever in your favor!
  • #1,213
  • Dec 17, 2014 2:52pm Dec 17, 2014 2:52pm
Closed position
Good luck and may the odds be ever in your favor!
  • #1,214
  • Dec 17, 2014 3:00pm Dec 17, 2014 3:00pm
Nice shorting opportunity. Here is the link for those who follow my trades. http://www.forexfactory.com/showthre...01#post7951501
Good luck and may the odds be ever in your favor!
  • #1,215
  • Dec 17, 2014 3:08pm Dec 17, 2014 3:08pm
Quoting dbutton1990
Just Took Profit for now. I'm thinking we are headed back down to test the backside of that DTL
Nicely done
Took profit at 118.8 was a beautiful move but also thought it might retrace a bit will get back in but for today I think I can call it a day and was a good one at that
Got 400 pips across 3 pairs today
Monarch liked your take on the pairs I have noticed the same thing with EU as it is one of the ones I trade too.... Not entirely sure what the correlation is but have noticed there seems to be one.... it's on my list of things I would like to understand....
Good night all hope everyone collected lots of pips today....
  • #1,216
  • Dec 17, 2014 3:15pm Dec 17, 2014 3:15pm
Quoting TessiaFx
{quote} Nicely done Took profit at 118.8 was a beautiful move but also thought it might retrace a bit will get back in but for today I think I can call it a day and was a good one at that Got 400 pips across 3 pairs today Monarch liked your take on the pairs I have noticed the same thing with EU as it is one of the ones I trade too.... Not entirely sure what the correlation is but have noticed there seems to be one.... it's on my list of things I would like to understand.... Good night all hope everyone collected lots of pips today....
Same to you my friend!
Good luck and may the odds be ever in your favor!
  • #1,217
  • Dec 17, 2014 5:07pm Dec 17, 2014 5:07pm
Usually, when price breaks out of consolidation after a strong move/breakout prior (i.e. flag or triangle) it will move the distance of prior move.

So, we should see price head to at least 119.60 assuming the breakout of consolidation on the upside right now.
  • #1,218
  • Dec 17, 2014 5:26pm Dec 17, 2014 5:26pm
Of course if price falls back into consolidation area (as it has now), it puts this projection on hold....
  • #1,219
  • Dec 17, 2014 5:29pm Dec 17, 2014 5:29pm
Quoting benaiah
Of course if price falls back into consolidation area (as it has now), it puts this projection on hold....


lets see when asia opens buddy! Nikkei should rally/follow US.
  • #1,220
  • Dec 17, 2014 5:36pm Dec 17, 2014 5:36pm
Quoting Rizmeister
{quote} lets see when asia opens buddy! Nikkei should rally/follow US.
Yep, and I expect some big moves coming within a few hours. If price moves like this during slow time, watch out when the rest of the party gets here
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