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  • #521
  • Jul 8, 2015 1:47am Jul 8, 2015 1:47am
Quoting kprsa
Possible reversal in oil, which could result in an uptrend for days. Bought some wti. k
I guess CAD could be affected, i. e. start rising rapidly so be careful...
k
  • #522
  • Jul 8, 2015 1:48am Jul 8, 2015 1:48am
Quoting kprsa
Possible reversal in oil, which could result in an uptrend for days. Bought some wti. k
Morning K,
Is that Brent or US Light? What price did you get?
A pip is only worth it if you know how much you risked to earn it
  • #523
  • Jul 8, 2015 1:49am Jul 8, 2015 1:49am
Quoting kprsa
{quote} I guess CAD could be affected, i. e. start rising rapidly so be careful... k
Was thinking exactly that!
A pip is only worth it if you know how much you risked to earn it
  • #524
  • Jul 8, 2015 1:55am Jul 8, 2015 1:55am
Quoting vlady1974
{quote} Morning K, Is that Brent or US Light? What price did you get?
Morning!
Both follow the same self-similar pattern, so probably both are reversing... On my broker I picked a typical London open minimum which corresponds to the price of ~51.35.
k

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-08-08-53-11.png Size: 132 KB
  • #525
  • Jul 8, 2015 1:59am Jul 8, 2015 1:59am
Quoting kprsa
Possible reversal in oil, which could result in an uptrend for days. Bought some wti. k
I don't see it. More supply coming online and weakening demand. Key areas broken. I see oil heading lower for a bit yet. You are looking at a 5 min chart to project a multi-day move???? BTW that chart is not bullish....may see a retrace but sure looks lower to me. Just my .02
  • #526
  • Jul 8, 2015 2:04am Jul 8, 2015 2:04am
short GJ
  • #527
  • Jul 8, 2015 2:09am Jul 8, 2015 2:09am
FWIW....my plan at the beginning of the week Sunday night has so far played out fantastic. Long safe havens, short commodity currencies....stay the hell out of the euro for he most part....too news driven and skittish 😃
  • #528
  • Jul 8, 2015 2:09am Jul 8, 2015 2:09am
Quoting panamamike
{quote} I don't see it. More supply coming online and weakening demand. Key areas broken. I see oil heading lower for a bit yet. You are looking at a 5 min chart to project a multi-day move???? BTW that chart is not bullish....may see a retrace but sure looks lower to me. Just my .02
Hey Mike,
It is very possible you are correct, and it is indeed extremely difficult to pick tops and bottoms. We'll see what happens.
The 5 minute chart is there for the london open stop hunt.
The argument for the reversal, apart from the self-similar pattern I try to follow, is the yesterday's engulfing of key levels 52.3 and 53.1.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2015-07-08-09-08-00.png Size: 140 KB


This behaviour on low tf is a pullback to my understanding.

Thanks,
k
  • #529
  • Jul 8, 2015 2:12am Jul 8, 2015 2:12am
looks like heading for a retest of the bottom to me.
  • #530
  • Jul 8, 2015 2:15am Jul 8, 2015 2:15am
Quoting panamamike
looks like heading for a retest of the bottom to me.
Imho they are using up the liquidity pocket just below 51.5.
k
  • #531
  • Jul 8, 2015 2:17am Jul 8, 2015 2:17am
I sincerely hope you are correct and hit your targets.....
  • #532
  • Jul 8, 2015 2:20am Jul 8, 2015 2:20am
GBP looking short to start the day again. A lot of build up for early rate hike is continuing to start to unwind.
  • #533
  • Jul 8, 2015 2:46am Jul 8, 2015 2:46am
Quoting panamamike
GBP looking short to start the day again. A lot of build up for early rate hike is continuing to start to unwind.
I have heard this too. Csnt see my board atm but yesterday I say GJ going bonkers south.
A pip is only worth it if you know how much you risked to earn it
  • #534
  • Jul 8, 2015 2:48am Jul 8, 2015 2:48am
current dashboard .....'
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-08 02_47_29-EURUSD,H4.png Size: 168 KB
  • #535
  • Jul 8, 2015 2:50am Jul 8, 2015 2:50am
current strength meter....
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-08 02_49_55-EURUSD,H4.png Size: 137 KB
  • #536
  • Jul 8, 2015 4:34am Jul 8, 2015 4:34am
Quoting kprsa
{quote} Hey Mike, It is very possible you are correct, and it is indeed extremely difficult to pick tops and bottoms. We'll see what happens. The 5 minute chart is there for the london open stop hunt. The argument for the reversal, apart from the self-similar pattern I try to follow, is the yesterday's engulfing of key levels 52.3 and 53.1. {image} This behaviour on low tf is a pullback to my understanding. Thanks, k
Excellent trade....well done.
  • #537
  • Jul 8, 2015 4:40am Jul 8, 2015 4:40am
after hammering GN and hitting NU long before lift off....... I may just take the rest of the day off and go surfing 😀
I will not deny some drawdowns had me concerned, but my signals did not change, and I was more than well rewarded for my patience. I will check in later in the day.....Green pills to all...
  • #538
  • Jul 8, 2015 4:44am Jul 8, 2015 4:44am
Quoting panamamike
{quote} Excellent trade....well done.
Thanks, I have a lot to learn still.
Green pips!
k
  • #539
  • Jul 8, 2015 4:23pm Jul 8, 2015 4:23pm
n/u sell. idea: upmove was a stop hunt before proceeding down. tight sl, good rr.

cheers,
k
  • #540
  • Jul 9, 2015 1:03am Jul 9, 2015 1:03am
Quoting kprsa
n/u sell. idea: upmove was a stop hunt before proceeding down. tight sl, good rr. cheers, k
a bit too soon.
k
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