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  • #21,161
  • Mar 20, 2015 8:18am Mar 20, 2015 8:18am
Quoting T@rantula
USDCAD has made a diving board pattern and we can see a strong recovery for the pair. 1.2640 needs to hold but if it breaks the pair will target 1.2570 is the target for diving board pattern and if it overshoots it , 1.2780 will be a target. CAD news were a bit of disappointment so technicals are aligned with fundamentals. Master candle also shows 1.2722 high and 1.2650 low so the pair will need to pass through 1.2722 to complete the diving board pattern but if 2640 breaks the pattern will fail. {image}
new patern for me lets learn a little more ; )
Scalping
  • #21,162
  • Mar 20, 2015 8:36am Mar 20, 2015 8:36am
Quoting egkid
{quote} TP Hit clean and green
Well done!!
  • #21,163
  • Mar 20, 2015 8:53am Mar 20, 2015 8:53am
Quoting guguxpto
{quote} new patern for me lets learn a little more ; )
yep i took a break of 55 and 40, + 30 now
  • #21,164
  • Mar 20, 2015 8:54am Mar 20, 2015 8:54am
I was prepared for the breakout on the EURUSD , but scared to pull the trigger...Because i was waiting for a retracement , but i'm not always sure which one to choose. Should i just patiently wait for the ones i see on the 1H , or go to the 15 or 5min to time it more accurately for confirmation ?....Ah crap...I still have a lot to learn.
I'm waiting for a retrace at 1.07191 ...Well , at least i didn't lose any money
  • #21,165
  • Mar 20, 2015 9:04am Mar 20, 2015 9:04am
Quoting T@rantula
{quote} yep i took a break of 55 and 40, + 30 now
Exited at 1.2585 ! +70 pips

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  • #21,166
  • Mar 20, 2015 9:10am Mar 20, 2015 9:10am
Quoting T@rantula
{quote} yep i took a break of 55 and 40, + 30 now
So in that case scenario , you zoomed in the 15 min , noticed the bullish pin bar rejection (that retraced during the breakout) , and that was your signal to enter on the 1 Hour UDSCAD , correct ?
  • #21,167
  • Mar 20, 2015 9:18am Mar 20, 2015 9:18am
Quoting onoff
{quote} So in that case scenario , you zoomed in the 15 min , noticed the bullish pin bar rejection (that retraced during the breakout) , and that was your signal to enter on the 1 Hour UDSCAD , correct ?
Because momentum was high I took a "trigger happy" trade. Immediate breakout of 55 and 40 . News driven move was completely faded when USDCAD failed to close and break h1 master candle. That was a signal to take a short on diving board failure. Of course 15m pin bar rejection was good and it served as additional confirmation. You could have traded it like that also.
  • #21,168
  • Mar 20, 2015 9:34am Mar 20, 2015 9:34am
Quoting T@rantula
{quote} Because momentum was high I took a "trigger happy" trade. Immediate breakout of 55 and 40 . News driven move was completely faded when USDCAD failed to close and break h1 master candle. That was a signal to take a short on diving board failure. Of course 15m pin bar rejection was good and it served as additional confirmation. You could have traded it like that also.
Ooooh ok...
You see , i'm a bit paranoid about the "trigger happy" trades now. I do my best to wait for some kind of confirmation , but here again , i tend to be too hesitant...It's like , i can spot the levels , the triangles , wedges , M patterns etc....But don't always know which one to choose (the retracement that is..) , in this case , the bullish pin bar retest at the 15min seemed like a great opportunity and confirmation. (could've placed my stop loss just above , and my order just below the body of that candle)...But i was just (here again) , too focused on the H1 without looking at lower timeframes.

It's a long learning process for me...Slowly but surely i'm getting there though..
About the momentum , you mean that you already had your pending order waiting in advance based on the MACD (when it crossed on the bearish side , that confirmed that it was more likely to break on the downside of the "mastercandle" ) , or simply took a market order on the spot. (that's what you mean by "trigger happy" ? )
  • #21,169
  • Mar 20, 2015 9:48am Mar 20, 2015 9:48am
Quoting onoff
{quote} OAbout the momentum , you mean that you already had your pending order waiting in advance based on the MACD (when it crossed on the bearish side , that confirmed that it was more likely to break on the downside of the "mastercandle" ) , or simply took a market order on the spot. (that's what you mean by "trigger happy" ? )
Both MACD and price action confirmed the momentum, so i took it on the spot.
  • #21,170
  • Mar 20, 2015 10:05am Mar 20, 2015 10:05am
Quoting T@rantula
{quote} Both MACD and price action confirmed the momentum, so i took it on the spot.
got it thanks
now question my trade of the week is this one T how far can it gows down we are historical montly resistence 1995 2005 big M formacion for my opinion clear daily down ?
do you think we will have a free folling ?
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Scalping
  • #21,171
  • Mar 20, 2015 11:38am Mar 20, 2015 11:38am
Quoting guguxpto
{quote} got it thanks now question my trade of the week is this one T how far can it gows down we are historical montly resistence 1995 2005 big M formacion for my opinion clear daily down ? do you think we will have a free folling ? {image}
sl +100 still going down now this is fun ; )
Scalping
  • #21,172
  • Mar 20, 2015 11:53am Mar 20, 2015 11:53am
Quoting T@rantula
{quote} Both MACD and price action confirmed the momentum, so i took it on the spot.
Ok thx
  • #21,173
  • Edited Mar 21, 2015 11:11am Mar 20, 2015 9:55pm | Edited Mar 21, 2015 11:11am
Was examine week close and what chart says

I smell and sense manipulation happen on Friday "Center bank doing something fishy"
Looks to me something extreme going to happen!

any way all take care , for me watch till deny or confirm my doubt

PS:
keep an eye on 1.0722
VERY Interested to know/ 097x can hit next week and drop from it
if so they will lead me to big conclusion
  • #21,174
  • Mar 23, 2015 3:07am Mar 23, 2015 3:07am
NZDUSD has been showing signs of strength in recent sessions. Adding to that the economy in New Zealand has expanded by 0.8 % in last quarter of 2014 so we can expect further bullish continuation towards 0.7675 and 0.7740 subsequently. The price has been consolidating above 0.7550 and it has broken through that level and it is forming a bullish consolidation. MACD shows signs of a possible retracement and we can spot a possible level for retracement. POC zone stand at 0.7500-0.7520 zone ( DPP, L3, 50.0, trend line ) and retracement is regarded as a correction in uptrend.. If the pair manages to consolidate above 7610 without any substantial retracement that will be a sign of bullish consolidation towards above mentioned levels.

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  • #21,175
  • Mar 23, 2015 3:35am Mar 23, 2015 3:35am
Quoting egkid
Was examine week close and what chart says I smell and sense manipulation happen on Friday "Center bank doing something fishy" Looks to me something extreme going to happen! any way all take care , for me watch till deny or confirm my doubt PS: keep an eye on 1.0722 VERY Interested to know/ 097x can hit next week and drop from it if so they will lead me to big conclusion
0.722 soon
  • #21,176
  • Mar 23, 2015 3:59am Mar 23, 2015 3:59am
draghi speaks iŽll wait be pacient ; )
going for a walk on eurotunel mancha chanel on my 24 h breack then 6 more days driven to europo
Scalping
  • #21,177
  • Mar 23, 2015 4:33am Mar 23, 2015 4:33am
Quoting egkid
{quote} 0.722 soon
i sell now@0835 sl 0855 tp 0725
  • #21,178
  • Mar 23, 2015 5:16am Mar 23, 2015 5:16am
Quoting egkid
{quote} i sell now@0835 sl 0855 tp 0725
out
chop B...ch
  • #21,179
  • Mar 23, 2015 8:22am Mar 23, 2015 8:22am
Quoting egkid
{quote} out chop B...ch
We might see 1.0940-1.0950 but stops should be at 1.1050. If 1.1050 holds 1.0620 is the target. But..we will see. It is a counter trend at no more then 0.3 % overall risk is recommended.
  • #21,180
  • Mar 23, 2015 8:50am Mar 23, 2015 8:50am
Quoting egkid
Was examine week close and what chart says I smell and sense manipulation happen on Friday "Center bank doing something fishy" Looks to me something extreme going to happen! any way all take care , for me watch till deny or confirm my doubt PS: keep an eye on 1.0722 VERY Interested to know/ 097x can hit next week and drop from it if so they will lead me to big conclusion
I insist to my view
will take this risk
sell limit@0971 SL 30 pip
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