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Bull City Baby! Buying Opportunities

  • #1,441
  • Dec 23, 2014 1:32pm Dec 23, 2014 1:32pm
Quoting TessiaFx
{quote} Well what you have done seems to have worked brilliantly. Happy trading to you too
thank you
  • #1,442
  • Dec 23, 2014 1:33pm Dec 23, 2014 1:33pm
Quoting benaiah
So, we remain in consolidation for now. 120.79 is the last swing high that needs to be taken out. Last 4.5 hours, trading in a range. But the breakout should be nice and looks to make another run at it soon... If price bounces off 120.79 again, I may TP and stand aside to see if it can again find support above the last swing low at 120.55 before entering again...
Probably won't jump out right away, but if 1 or 2 support levels fail after failed attempt to breach 120.79, then I might jump out...
  • #1,443
  • Dec 23, 2014 1:35pm Dec 23, 2014 1:35pm
Quoting benaiah
So, we remain in consolidation for now. 120.79 is the last swing high that needs to be taken out. Last 4.5 hours, trading in a range. But the breakout should be nice and looks to make another run at it soon... If price bounces off 120.79 again, I may TP and stand aside to see if it can again find support above the last swing low at 120.55 before entering again...
A breakout would be beautiful
  • #1,444
  • Dec 23, 2014 2:32pm Dec 23, 2014 2:32pm
I'd look for it to find support somewhere in the blue area, depending on which scenario plays out...

Would love to see a break out, but it seems to be hesitating at the moment...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: buy2.png Size: 73 KB
  • #1,445
  • Dec 23, 2014 2:43pm Dec 23, 2014 2:43pm
Looks like it found support. Breakout pending. Can it follow through??
  • #1,446
  • Dec 23, 2014 2:46pm Dec 23, 2014 2:46pm
Looks like we're getting ready to move higher here
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 128 KB
Good luck and may the odds be ever in your favor!
  • #1,447
  • Dec 23, 2014 2:58pm Dec 23, 2014 2:58pm
Quoting dbutton1990
Looks like we're getting ready to move higher here {image}
Good chart Bulls need an H1 close above 120.80, and looks like they are really pushing for it. Next 2 minutes are key...
  • #1,448
  • Dec 23, 2014 2:59pm Dec 23, 2014 2:59pm
Quoting benaiah
I'd look for it to find support somewhere in the blue area, depending on which scenario plays out... Would love to see a break out, but it seems to be hesitating at the moment... {image} {image}
Well if it does find support there or above I will be a happy camper.....

Quoting dbutton1990
Looks like we're getting ready to move higher here {image}
It does seem to be moving a little now...... fingers crossed but either way I am relaxed about it, stop at + 60 would love to see it go up up up but if not still happy with what is locked in right now
  • #1,449
  • Dec 23, 2014 3:01pm Dec 23, 2014 3:01pm
Quoting benaiah
Looks like it found support. Breakout pending. Can it follow through??
Sorry didn't see your post
Good luck and may the odds be ever in your favor!
  • #1,450
  • Dec 23, 2014 3:07pm Dec 23, 2014 3:07pm
Quoting benaiah
{quote} Good chart Bulls need an H1 close above 120.80, and looks like they are really pushing for it. Next 2 minutes are key...
Darn!
Good luck and may the odds be ever in your favor!
  • #1,451
  • Dec 23, 2014 3:08pm Dec 23, 2014 3:08pm
Quoting dbutton1990
{quote} Sorry didn't see your post
NP. Glad you posted the ascending triangle. Another view on a scenario that could play out...
  • #1,452
  • Dec 23, 2014 3:20pm Dec 23, 2014 3:20pm
Will be looking for it to find support in or above the blue area, or worse case below the bottom yellow line which represents the bottom of the consolidation range...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 73 KB
  • #1,453
  • Dec 23, 2014 4:19pm Dec 23, 2014 4:19pm
Quoting benaiah
Will be looking for it to find support in or above the blue area, or worse case below the bottom yellow line which represents the bottom of the consolidation range... {image}
nice chart..... made me reevaluate my stop have moved it down to + 55 as it was only just below your yellow line....would rather let it have a little more room to move and stay in the trade for when it breaks up
  • #1,454
  • Dec 23, 2014 7:16pm Dec 23, 2014 7:16pm
Protect your profits/positions.
  • #1,455
  • Dec 23, 2014 7:20pm Dec 23, 2014 7:20pm
It's at the 50% retracement level of the recent move up. Bulls will need to make a strong showing.
  • #1,456
  • Dec 23, 2014 8:41pm Dec 23, 2014 8:41pm
Got stopped out, went short, grabbed 10 pips....1 min turning long...bought in at 120.38...SL at 120.20...TP at 121
Good luck and may the odds be ever in your favor!
  • #1,457
  • Edited 10:18pm Dec 23, 2014 8:56pm | Edited 10:18pm
Just got long on AJ .60 sl.30 tp 50p above don't know if we have enough money out there to push it that high so Ill keep an open mind with it.

Out +2 wait for another entry
  • #1,458
  • Dec 23, 2014 10:12pm Dec 23, 2014 10:12pm
Quoting benaiah
{quote} It's hard to share in real time, since things happen so fast. So, I usually only share trades that I end up riding through signals on higher time frames. Here's an entry I took a few minutes ago. I will be watching to see if price can get above the last swing high, and ride it out. If it looks like it can't get up there, I may close out. It's a 7 pip SL, which is why I like this type of trading - I hate watching my trades in draw-down. With this type of trading, there will never be draw-down for more than a few minutes. I'm either right...
thanks ! ;D
  • #1,459
  • Dec 23, 2014 10:21pm Dec 23, 2014 10:21pm
I think UJ short starts now..
TP1: 117.4
TP2: 115
Could be wrong.
Watch out your MM.
Reason: bearish harmonic pattern at H4, sto H4 starts pointing down, sto D is overbought.
  • #1,460
  • Dec 23, 2014 11:08pm Dec 23, 2014 11:08pm
Quoting Idkurv
I think UJ short starts now.. TP1: 117.4 TP2: 115 Could be wrong. Watch out your MM. Reason: bearish harmonic pattern at H4, sto H4 starts pointing down, sto D is overbought.
i'll wait for BC is formed.
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