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  • #4,641
  • Feb 24, 2015 9:40am Feb 24, 2015 9:40am
The question is how low is this going? I have it either at 183.60 - 182.92. What levels do you have?
Lost....
  • #4,642
  • Feb 24, 2015 9:45am Feb 24, 2015 9:45am
Quoting gespiri
The question is how low is this going? I have it either at 183.60 - 182.92. What levels do you have?
Nobody knows, in doubt take profit.

Quoting Vermillion
183.80 needs to break if this move down is going to be more than a temporary move brought by news. Worried about 183.40/30, since that's a 30min. ichiomoku support, and if bears take their time, it might end up as the hourly support as well. 183.40/30 and 183 might be the 23.6 and 38.2 fib supports, but I can't help but wonder at the 20-30 pip gap between the two. It's so small, yet the effort required to break out of just one of them would take a lot out of the bears. Go bears, go!
Anything's possible, I captured the whole range today which is nice, I really dont expect to see a large move, in my opinion it depends on 184.30/10, if positive then back to the high, if negative we should see the levels I mentioned.

Add: Anyway, still short.
  • #4,643
  • Feb 24, 2015 9:48am Feb 24, 2015 9:48am
Quoting FX-Ray
{quote} Issues?
[quote=Hickson;8092611

all 3 have issues bb later
  • #4,644
  • Feb 24, 2015 9:50am Feb 24, 2015 9:50am
I don't think this is on a big drop. It may have already bottomed, but if not, I don't see it going lower than the 30 min 200ema, which is also the central pivot and the 61.8%. H4 is now showing that we have come off R2 resistance, and will now range between that and around 183.25, for now anyway.
  • #4,645
  • Feb 24, 2015 9:50am Feb 24, 2015 9:50am
[quote=AllyB;8092669]{quote} [quote=Hickson;8092611 all 3 have issues bb later[/quote]

Oh my, good luck fixing this ...
Fix up, trade sharp ...
  • #4,646
  • Feb 24, 2015 9:51am Feb 24, 2015 9:51am
Quoting cat
I don't think this is on a big drop. It may have already bottomed, but if not, I don't see it going lower than the 30 min 200ema, which is also the central pivot and the 61.8%. H4 is now showing that we have come off R2 resistance, and will now range between that and around 183.25, for now anyway.
Am paying attention to the daily close, if unable to close above 184.30/10, I'll look for another short opportunity 2morrow.
  • #4,647
  • Feb 24, 2015 9:56am Feb 24, 2015 9:56am
[quote=Hickson;8092683]
Quoting AllyB
{quote} {quote} Oh my, good luck fixing this ...
all are hardware ... and not that old either grrrrrrrrrrrrr hate hardware
  • #4,648
  • Feb 24, 2015 10:36am Feb 24, 2015 10:36am
Quoting FX-Ray
{quote} Nobody knows, in doubt take profit. {quote} Anything's possible, I captured the whole range today which is nice, I really dont expect to see a large move, in my opinion it depends on 184.30/10, if positive then back to the high, if negative we should see the levels I mentioned. Add: Anyway, still short.
there we go; next probably 183.80/70
  • #4,649
  • Feb 24, 2015 10:42am Feb 24, 2015 10:42am
Still bouncing of crossing TLs ... but the Heiken bars suggest a bearish continuation ...
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Fix up, trade sharp ...
  • #4,650
  • Feb 24, 2015 10:46am Feb 24, 2015 10:46am
Broken ... now it will be interesting if there will be a close under the cross resistance and the upmove was just a small journey.
Fix up, trade sharp ...
  • #4,651
  • Feb 24, 2015 11:00am Feb 24, 2015 11:00am
Quoting FX-Ray
{quote} there we go; next probably 183.80/70
Am done, got the short and long side, am off, bbl
  • #4,652
  • Feb 24, 2015 11:08am Feb 24, 2015 11:08am
Quoting FX-Ray
{quote} Am done, got the short and long side, am off, bbl
Bye
Fix up, trade sharp ...
  • #4,653
  • Feb 24, 2015 11:19am Feb 24, 2015 11:19am
Quoting FX-Ray
{quote} Am done, got the short and long side, am off, bbl
Seriously, that is very well done!
  • #4,654
  • Feb 24, 2015 11:30am Feb 24, 2015 11:30am
Quoting Hickson
Broken ... now it will be interesting if there will be a close under the cross resistance and the upmove was just a small journey.
Congrats. Your wish is now becoming a reality. And on that note I haven't TPed on any of my shorts yet either.
  • #4,655
  • Edited 11:51am Feb 24, 2015 11:35am | Edited 11:51am
Long 370 SL 10 - risky, but might pay off. TP open atm.
SL moved to 365
out at BE.
Rationale for the trade was the level, and some MAs that had got the beneath the price on the 1 min TF. It could still rise from here, but I haven't got the stomach to catch a falling knife tonight. We're not far above major support around the central pivot, so that may well hold it if we get that far
  • #4,656
  • Feb 24, 2015 11:56am Feb 24, 2015 11:56am
I'm looking for a buy entry at the moment. 1Hr chart has a nice candle about to form.
  • #4,657
  • Feb 24, 2015 12:05pm Feb 24, 2015 12:05pm
Seems like everyone is having a good day. I entered the dip off 00 to 55 perfectly long yesterday (3 pip spread, low print 50) with a limit. Market structure...

closed day trades and stop tightened on weekly positron to 183.38 and 182.45 entry 176.5
Be hopeful in a winning position, and fearful in a losing position.
  • #4,658
  • Feb 24, 2015 12:08pm Feb 24, 2015 12:08pm
Patience Pays Prosperous Profits

Example of how you hit a 10:1++ RR trade

carry on, good trading to all.. month end usually brings wicks... Remember that. Rarely does the month close on it's high.

Could see selling. (Geppy)

Pro tip: 90% of candles close with a wick at least 20% the size of the body.
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Be hopeful in a winning position, and fearful in a losing position.
  • #4,659
  • Feb 24, 2015 12:39pm Feb 24, 2015 12:39pm
Canada is coming out in the news with her guns drawn in about 20min; let's see whether she hits or misses. I hope the Bank of Canada doesn't go dovish again....last thing I want is a stronger intraday dollar to force me to preemptively close my shorts in this pair.

Ah, who am I kidding. Already locked in pips in profit; got nothing to do but just sit back and enjoy the currency wars.

183.40/30 is a fib support to overcome, but for me 183.10/00 will be the real problem for any serious weekly swing shorts. Pretty big hourly support there. If we break that and it becomes resistance, then the entire fibonacci retracement down to 100% (181) is possible. If not, then lock in profits or take what you can.

Update: 15min. left until Bank of Canada comes out...
  • #4,660
  • Feb 24, 2015 12:51pm Feb 24, 2015 12:51pm
One more... An example of trading to near perfection.

An 88:1 with all added entries and trail stops still equaling net profit
(if market decided to make higher highs)

One day I'll get to this level.

There is little I enjoy more than changing peoples perspectives from that of scarcity to abundance.
Someone will look at this and say "Eureka"... That's my whole goal.

Message if any questions I'm in a helping spirit lately.
Paying it forward, so to speak.
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Be hopeful in a winning position, and fearful in a losing position.
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