AUDUSD 4hr buob, shame it wasn't larger and closed higher. Who took the trade?
james16 Chart Thread
- #135,963
- Jul 16, 2015 6:56am Jul 16, 2015 6:56am
AUDUSD 4hr buob, shame it wasn't larger and closed higher. Who took the trade? {image}
Be careful, as the yesterday daily bar formed the BUOVB with consolidation breakout right below to 0.74..
I hope Patapouer also convey the same thing..
Adhav
- #135,965
- Jul 16, 2015 8:09am Jul 16, 2015 8:09am
{quote} Hi Alphac, Be careful, as the yesterday daily bar formed the BUOVB with consolidation breakout right below to 0.74.. I hope Patapouer also convey the same thing.. {image} Adhav
yes you're right. I personnaly would not play it though, as it is a bearish signal at a swing low - does not fit my criterias, it may fit yours
The + for it is its strong close below the consolidation box and the 0.74 RN, which could be a nice continuation signal. Again, not in my trading plan.
My main concern re. the H4 BUOB is that price goes straight into the 0.74 RN which act as a strong support, plus faces a strong downtrend.
Then, there is a nice long term divergence on the RSI that could help the price moving up, but not with the RSI swing low immediatly upstream the last one (yellow line on my chart).
Just an additional reason found for not taking the trade - does not mean it won't work for those who took it
take care
Slow & steady
- #135,972
- Jul 16, 2015 10:24am Jul 16, 2015 10:24am
{quote} Hi Bat, nice profits mate
Market can stay irrational longer than you can stay solvent.
- #135,975
- Jul 16, 2015 1:25pm Jul 16, 2015 1:25pm
Hi guys! Today I made a fantastic trade, going short on a channel breakdown right at the London Session! It was great! Entered Short at 1.09148 and get out at 1.08681 
Someone trade in the London Session?
Here my trades: http://besttradingidea.blogspot.it/p/live-forex-trades.html
Someone trade in the London Session?
Here my trades: http://besttradingidea.blogspot.it/p/live-forex-trades.html
- #135,976
- Jul 16, 2015 1:44pm Jul 16, 2015 1:44pm
- Joined Sep 2006 | Status: Trader | 10,702 Posts
Hi guys! Today I made a fantastic trade, going short on a channel breakdown right at the London Session! It was great! Entered Short at 1.09148 and get out at 1.08681
every Saint has a past. Every Sinner has a Future
ok been close observer and follower of this thread for a few years because this stuff actually works. I learned the hard way like most folks do and tried every damn indicator or system i could find OR buy. Most people are looking for the "holy grail" and quit because its never found and they get disgusted. YOU ARE THE HOLY GRAIL. STOP LOOKING!!! It took me 5 years of loosing to realize I was the cause. Not the system, indicator, or buy/sell signals. Pure and simple I was the one screwing up my success.
So for all the people with real accounts that took that gbpusd daily pinbar the other day thank you for paying my daughters tution to OU this semester
! Those that knew what was going on that was easy money! ok so why this post? stop trading less then the daily chart till you actually know how to trade. Read page one about thousand times then read it again. READ ALL OF IT STOP POSTING TILL YOU GET IT!!!! If you cant afford the subscription site go deliver pizzas for awhile and save because its life changing. Ok rant over.
So for all the people with real accounts that took that gbpusd daily pinbar the other day thank you for paying my daughters tution to OU this semester
! Those that knew what was going on that was easy money! ok so why this post? stop trading less then the daily chart till you actually know how to trade. Read page one about thousand times then read it again. READ ALL OF IT STOP POSTING TILL YOU GET IT!!!! If you cant afford the subscription site go deliver pizzas for awhile and save because its life changing. Ok rant over.