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Bull City Baby! Buying Opportunities

  • #1,541
  • Dec 30, 2014 2:30am Dec 30, 2014 2:30am
Quoting Liam0530
buy the dip. fresh 1 in at 500
Yup that was what I was thinking....
do you mean you are in from 119.5 or have you set an order for the 50% level?
  • #1,542
  • Dec 30, 2014 2:35am Dec 30, 2014 2:35am
Quoting TessiaFx
{quote} Yup that was what I was thinking.... do you mean you are in from 119.5 or have you set an order for the 50% level?
im in with a fresh long at 119.5 , (have another already at 120.3)

watching closely how this will move, with caution
  • #1,543
  • Dec 30, 2014 2:44am Dec 30, 2014 2:44am
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.
if UJ goes up, which I think it would, chance to reload my short.
Small lot, watch your mm.
as I could be wrong.
  • #1,544
  • Dec 30, 2014 3:09am Dec 30, 2014 3:09am
Quoting Liam0530
{quote} im in with a fresh long at 119.5 , (have another already at 120.3) watching closely how this will move, with caution
You're in from a similar level to me I'm watching with caution too..... but at the moment ok..... will take what Idkurv said into account as well feeling a little wary to be honest
  • #1,545
  • Dec 30, 2014 9:32am Dec 30, 2014 9:32am
Ouch, made a mistake and adjusted my SL to 119.50 because I was going to position myself for the rest of the week. Was long at 120.50. Lost 100 pips. I ended up going short at 119.50 this morning and just TP. I am now long due to the fact that where the red line is on the chart was the left tip of the HS pattern on the 1 hour. It looks as though it's acting as a support line now. I'm long at 119.15. TP is open. SL at 118.80. I really need to keep short stops. Could have saved myself 300 bucks lol. Oh well.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 114 KB
Good luck and may the odds be ever in your favor!
  • #1,546
  • Dec 30, 2014 10:07am Dec 30, 2014 10:07am
Quoting dbutton1990
Ouch, made a mistake and adjusted my SL to 119.50 because I was going to position myself for the rest of the week. Was long at 120.50. Lost 100 pips. I ended up going short at 119.50 this morning and just TP. I am now long due to the fact that where the red line is on the chart was the left tip of the HS pattern on the 1 hour. It looks as though it's acting as a support line now. I'm long at 119.15. TP is open. SL at 118.80. I really need to keep short stops. Could have saved myself 300 bucks lol. Oh well. {image}
Ouch sorry
Got stopped out twice today myself lost 60 pips : ( got back in at 118.9 stop 118.65 target 120.9 but might decided to take profit don't want to risk a gap
  • #1,547
  • Dec 30, 2014 11:28am Dec 30, 2014 11:28am
I ended up taking a long AJ in the 97.40 area during the early hours of the London session and have closed it in the 97.82 area with the fail of the last 1h candle. Standing on the long sidelines for now, might get into the short game?
  • #1,548
  • Dec 30, 2014 12:21pm Dec 30, 2014 12:21pm
UJ will need to get above 120.312 before NY close today for longs to maintain a measure of confidence.
  • #1,549
  • Dec 30, 2014 12:21pm Dec 30, 2014 12:21pm
have moved stop to break even now I have no risk : ) I am presuming that the markets close tomorrow night does anyone know whether that is the case..... don't want to get caught by a gap like I did last week both trades I had running stopped out within a minute of the market opening because it gapped....
  • #1,550
  • Dec 30, 2014 12:23pm Dec 30, 2014 12:23pm
For AJ, which moves very similarly to UJ, as long as it stays above 97.654, it is pointed up, however in an inside bar range on the daily (UJ will also be within inside bar range on the daily if it makes it above 120.312) and will need to break out of that to see prices higher...
  • #1,551
  • Dec 30, 2014 12:24pm Dec 30, 2014 12:24pm
Quoting TessiaFx
have moved stop to break even now I have no risk : ) I am presuming that the markets close tomorrow night does anyone know whether that is the case..... don't want to get caught by a gap like I did last week both trades I had running stopped out within a minute of the market opening because it gapped....
You might want to check your broker holiday schedule, I think the hours vary...
  • #1,552
  • Dec 30, 2014 12:32pm Dec 30, 2014 12:32pm
Quoting benaiah
UJ will need to get above 120.312 before NY close today for longs to maintain a measure of confidence.
I would be happy with 120
Good luck and may the odds be ever in your favor!
  • #1,553
  • Dec 30, 2014 12:45pm Dec 30, 2014 12:45pm
Quoting benaiah
For AJ, which moves very similarly to UJ, as long as it stays above 97.654, it is pointed up, however in an inside bar range on the daily (UJ will also be within inside bar range on the daily if it makes it above 120.312) and will need to break out of that to see prices higher...
Agreed, but hourly highs atm have failed on my system and have taken a small short (it may not make a dime) but I wont let it run far, just taking a chance we might visit the lows. If we can see some hourly closes above .80ish I will be long for sure.
  • #1,554
  • Dec 30, 2014 12:57pm Dec 30, 2014 12:57pm
Quoting js5020
{quote} Agreed, but hourly highs atm have failed on my system and have taken a small short (it may not make a dime) but I wont let it run far, just taking a chance we might visit the lows. If we can see some hourly closes above .80ish I will be long for sure.
Well. We are in a Bull thread, so only longs here

It is inside the daily inside bar range, and near the bottom, only long trades for me.
  • #1,555
  • Dec 30, 2014 1:07pm Dec 30, 2014 1:07pm
Quoting benaiah
{quote} You might want to check your broker holiday schedule, I think the hours vary...
will do that thanks for the suggestion
  • #1,556
  • Dec 30, 2014 1:10pm Dec 30, 2014 1:10pm
Quoting benaiah
UJ will need to get above 120.312 before NY close today for longs to maintain a measure of confidence.
would love to see it back there we shall see
  • #1,557
  • Dec 30, 2014 2:47pm Dec 30, 2014 2:47pm
Well, doesn't look like UJ will make it back above the daily inside bar range before NY daily close. However, it still looks bullish to me on lower time frames. And EU looks ready to drop (further) like a stone. I think we'll see a nice bullish push moving forward today. We'll see if we can test that 120 area...
  • #1,558
  • Dec 30, 2014 3:41pm Dec 30, 2014 3:41pm
I'm out from my earlier position. Took 30 pips
Good luck and may the odds be ever in your favor!
  • #1,559
  • Dec 30, 2014 5:27pm Dec 30, 2014 5:27pm
Quoting benaiah
Well, doesn't look like UJ will make it back above the daily inside bar range before NY daily close. However, it still looks bullish to me on lower time frames. And EU looks ready to drop (further) like a stone. I think we'll see a nice bullish push moving forward today. We'll see if we can test that 120 area...
Didn't play out like this at all. EU showing strength, and UJ weakening. Anyone long, be careful. The daily UJ chart is showing inside bar breakout down.

AJ still stubbornly refusing to break below the inside bar range. UJ and AJ not agreeing, and UJ/EU looked the same past day or so (until now). Shows nothing works 100% of the time, even strongly correlated pairs...
  • #1,560
  • Dec 30, 2014 10:53pm Dec 30, 2014 10:53pm
still holding onto my longs .. happy new year everyone!

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