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Bull City Baby! Buying Opportunities

  • #1,221
  • Dec 17, 2014 5:41pm Dec 17, 2014 5:41pm
Quoting benaiah
{quote} 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
Should be a good night. What to order for dinner ben? To prepare for tonight. Wings and a Cajun chicken ceasar salad?
  • #1,222
  • Dec 17, 2014 5:43pm Dec 17, 2014 5:43pm
Quoting Rizmeister
{quote} Should be a good night. What to order for dinner ben? To prepare for tonight. Wings and a Cajun chicken ceasar salad?
Ha ha

Sounds good
  • #1,223
  • Dec 17, 2014 5:44pm Dec 17, 2014 5:44pm
Quoting benaiah
{quote} Ha ha Sounds good

Girlfriend is at her work Christmas party so, I was left to fend for myself. Okay sounds good. LETS HAVE A GOOD NIGHT EVERYONE!!! BULL CITY BABY!
  • #1,224
  • Dec 17, 2014 8:32pm Dec 17, 2014 8:32pm
seek to get long at better price ... (if there is..)
  • #1,225
  • Dec 17, 2014 10:24pm Dec 17, 2014 10:24pm
Has anybody posted/looked at a daily chart lately?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 63 KB
  • #1,226
  • Dec 17, 2014 10:27pm Dec 17, 2014 10:27pm
Could be some further retrace. Or it could just go up from here. Who knows. However, this puts some perspective on the big bad retrace we just had. On the grand scheme of things, it doesn't look like much of a retrace. The 8 EMA never even touched the 20 EMA, and they are both currently pointed up...
  • #1,227
  • Dec 17, 2014 10:32pm Dec 17, 2014 10:32pm
The last 2 days (2 daily candles) on the chart I posted look like a daily reversal pattern to me. Anybody know a name for that 2 bar pattern? It's not really an engulfing (first bar wick goes to low for engulfing). However, I view it as a strong bullish signal, and whenever I've seen these patterns before on a daily chart, and on a retrace of an uptrend, they are pretty reliable, and not prone to much of a retrace.

But again, this is relatively speaking, since daily chart would mean a much wider SL. Trade safely!
  • #1,228
  • Dec 17, 2014 11:11pm Dec 17, 2014 11:11pm
damn. Stops too tight on my buy limit set at 117.20 arghhh
  • #1,229
  • Dec 17, 2014 11:17pm Dec 17, 2014 11:17pm
Quoting mk5
damn. Stops too tight on my buy limit set at 117.20 arghhh
Sorry to hear

You'll get it next time

But, yes, difficult place to buy with tight SL, since it's still channeling down in consolidation. Needs to find a bottom...
  • #1,230
  • Dec 17, 2014 11:26pm Dec 17, 2014 11:26pm
again reload near 118.80 its maximum target if it will move down from this level after a sweet and yummy kissing 117.80 and will go up 120 may be more ..........
  • #1,231
  • Dec 17, 2014 11:36pm Dec 17, 2014 11:36pm
The channel down, you can see best on M15 chart or lower has been consolidating for hours. I expect a strong great out, 50-100 pips. If it breaks out coward, it will still be in a bull flag formation. Likewise if it breaks out upward, still in a larger channel and consolidating. Will take some time for it to attack the prior high, but I don't have any doubt that it will eventually...
  • #1,232
  • Dec 17, 2014 11:38pm Dec 17, 2014 11:38pm
Watch for a rejection of that upper channel. If it falls back in, then still in consolidated channel, and could hit lower trend line, or break that
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM5.png Size: 45 KB
  • #1,233
  • Dec 17, 2014 11:45pm Dec 17, 2014 11:45pm
Quoting benaiah
Watch for a rejection of that upper channel. If it falls back in, then still in consolidated channel, and could hit lower trend line, or break that {image}
Thanks for the chart Benaiah.
My daily TF is bias too.
But not sure if it goes straight up, or retrace first...
  • #1,234
  • Dec 17, 2014 11:59pm Dec 17, 2014 11:59pm
Quoting Idkurv
{quote} Thanks for the chart Benaiah. My daily TF is bias too. But not sure if it goes straight up, or retrace first...
Bulls not giving up. Still trying to break that channel... I think they just might do it...
  • #1,235
  • Dec 18, 2014 12:07am Dec 18, 2014 12:07am
Resistance at 118.60-80 area. Price broke out of tight channel, but could possibly continue the consolidated move in a larger channel moving down. Will have to wait and see if it bounces and where it can establish support...
  • #1,236
  • Dec 18, 2014 12:20am Dec 18, 2014 12:20am
Quoting jbtrade13
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!
Glad it's helping you fairly new myself too to be honest..... it's a learning curve and as long as you analyse everything you do whether it was right or wrong the learning curve just keep going and slowly but surely your confidence builds nicely done on your pips
  • #1,237
  • Dec 18, 2014 12:21am Dec 18, 2014 12:21am
Quoting mk5
damn. Stops too tight on my buy limit set at 117.20 arghhh
Sorry MK don't worry sure there are going to be some good opportunities in the coming days..
  • #1,238
  • Dec 18, 2014 12:21am Dec 18, 2014 12:21am
nice charts and analysis Benaiah
  • #1,239
  • Dec 18, 2014 12:23am Dec 18, 2014 12:23am
got back in at 118.6 stop 118.2 target 119.4 we shall see how it goes there does seem to be resistance there maybe not the best entry
  • #1,240
  • Dec 18, 2014 12:52am Dec 18, 2014 12:52am
Quoting benaiah
Could be some further retrace. Or it could just go up from here. Who knows. However, this puts some perspective on the big bad retrace we just had. On the grand scheme of things, it doesn't look like much of a retrace. The 8 EMA never even touched the 20 EMA, and they are both currently pointed up...

Best seen on the current weekly. Bounced of nicely off the 38.2 fib
Attached Image (click to enlarge)
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