- #202
- Apr 19, 2016 8:29am Apr 19, 2016 8:29am
- Joined Jan 2010 | Status: .... | 3,910 Posts
my eurusd 4h chart setup has some drawdown but could still work...
i am looking at lower tf for a setup.
i am looking at lower tf for a setup.
- #203
- Apr 19, 2016 8:33am Apr 19, 2016 8:33am
- Joined Jan 2010 | Status: .... | 3,910 Posts
my eurusd setup has some drawdown but could still work... i am looking at lower tf for a setup. {image}
i want to see a strong bear of at least 15 pips followed by a weak bull.
that is where i try to enter with a tight sl.
- #204
- Apr 19, 2016 9:07am Apr 19, 2016 9:07am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} 1 minute chart.. i want to see a strong bear of at least 15 pips followed by a weak bull. that is where i try to enter with a tight sl. {image}
i put a checklist in the chart and the level i would like to enter..
using all tools at my disposal..
if this happens i can enter with a 8 pip sl or so.
- #205
- Apr 19, 2016 9:30am Apr 19, 2016 9:30am
- Joined Jan 2010 | Status: .... | 3,910 Posts
this bear wave is poo.
need an even crappier bull wave to short it..
need an even crappier bull wave to short it..
- #206
- Apr 19, 2016 10:30am Apr 19, 2016 10:30am
- Joined Jan 2010 | Status: .... | 3,910 Posts
so far 0 pips drawdown and 5 pips sl.
i am gambling on teal wave count. of course with a new high it was wrong.
i am gambling on teal wave count. of course with a new high it was wrong.
- #207
- Apr 19, 2016 10:48am Apr 19, 2016 10:48am
- Joined Jan 2010 | Status: .... | 3,910 Posts
4h chart...
Previous candle closed below the 61.8 fib.
If this one closes below too i think my position is safe and i move my sl to be.
Otherwise i may close my position regardless and look for another one.
Also if next bear wave is poo again i will close my position too.
Previous candle closed below the 61.8 fib.
If this one closes below too i think my position is safe and i move my sl to be.
Otherwise i may close my position regardless and look for another one.
Also if next bear wave is poo again i will close my position too.
- #208
- Apr 19, 2016 11:09am Apr 19, 2016 11:09am
- Joined Jan 2010 | Status: .... | 3,910 Posts
this rejection is not good.
- #209
- Apr 19, 2016 11:24am Apr 19, 2016 11:24am
- Joined Jan 2010 | Status: .... | 3,910 Posts
i am holding my trade because the bear waves have a bit less candles.
besides if price gets into the blue area and then goes down again that would make the bull wave to 2 really weak.
also right now price is at the 61.8 fib level if price stays below i am happy too.
besides if price gets into the blue area and then goes down again that would make the bull wave to 2 really weak.
also right now price is at the 61.8 fib level if price stays below i am happy too.
- #211
- Apr 19, 2016 1:57pm Apr 19, 2016 1:57pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
+20 pips no draw-down.
I will be trying to add to my position tomorrow to grow it to a larger position.
My long term view on the pair.
I will be trying to add to my position tomorrow to grow it to a larger position.
My long term view on the pair.
- #212
- Edited 1:23am Apr 20, 2016 12:40am | Edited 1:23am
- Joined Jan 2010 | Status: .... | 3,910 Posts
Right now bear was not very strong because of the time of day.
Price got rejected by the pivot point and could take out my position and setup..
I knew going in we are at the wrong side of the daily/weekly and monthly pivot points.
But higher time-frames are stronger so i stick with it.
I may add to my position at break/retest pivot point or tl.
Again i will zoom in to find a good place to add.
Price got rejected by the pivot point and could take out my position and setup..
I knew going in we are at the wrong side of the daily/weekly and monthly pivot points.
But higher time-frames are stronger so i stick with it.
I may add to my position at break/retest pivot point or tl.
Again i will zoom in to find a good place to add.
- #213
- Apr 20, 2016 2:21am Apr 20, 2016 2:21am
- Joined Jan 2010 | Status: .... | 3,910 Posts
Right now bear was not very strong because of the time of day. Price got rejected by the pivot point and could take out my position and setup.. I knew going in we are at the wrong side of the daily/weekly and monthly pivot points. But higher time-frames are stronger so i stick with it. I may add to my position at break/retest pivot point or tl. Again i will zoom in to find a good place to add. {image}
something i should have noticed but did not.
if i would have noticed i would have closed my short here waiting for breaks / retests or just buy it back at a higher level.
i did not notice/close it so i stick with my short like i decided before.
- #214
- Edited 4:06am Apr 20, 2016 3:48am | Edited 4:06am
- Joined Jan 2010 | Status: .... | 3,910 Posts
was really lucky my sl was not triggered so far.
the 4h bar closes in 2h.
if the close is below the 61.8 fib we may finally go down.
but messed up at the pp for sure.
i could have closed it there and doubled down upstairs.
i go take a nap, am not going to close it anyway.
if my longer term view is right this position is gold.
otherwise i just get stopped out at be.
the 4h bar closes in 2h.
if the close is below the 61.8 fib we may finally go down.
but messed up at the pp for sure.
i could have closed it there and doubled down upstairs.
i go take a nap, am not going to close it anyway.
if my longer term view is right this position is gold.
otherwise i just get stopped out at be.
- #216
- Apr 20, 2016 6:10am Apr 20, 2016 6:10am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #218
- Apr 20, 2016 10:40am Apr 20, 2016 10:40am
- Joined Jan 2010 | Status: .... | 3,910 Posts
this is what happened after i got stopped out.
bad luck.
anyways this is a strong bear so i wait patiently for a weak bull.
in the mean time i may trade pivot points.
bad luck.
anyways this is a strong bear so i wait patiently for a weak bull.
in the mean time i may trade pivot points.
- #219
- Edited 1:35pm Apr 20, 2016 12:51pm | Edited 1:35pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
I want to short usdchf from the 1m chart.
this is the 4h chart.
the setup is 38.2 fib + monthly pivot point.
but the bulls are strong so i am not in a hurry to short it.
if you want to help, just post.
this is the 1m chart now.
the trend line is broken a bit but my indicators are not indicating overbought.
the rsi does show divergence.
this is the 4h chart.
the setup is 38.2 fib + monthly pivot point.
but the bulls are strong so i am not in a hurry to short it.
if you want to help, just post.
this is the 1m chart now.
the trend line is broken a bit but my indicators are not indicating overbought.
the rsi does show divergence.