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The Swamp

  • #5,141
  • May 13, 2016 1:32am May 13, 2016 1:32am
Quoting ill_be_back
Pending BUY {image}
Triggered & S/O
A good trader follows his rules, but great trader knows when to break them
  • #5,142
  • Edited 2:20am May 13, 2016 2:04am | Edited 2:20am
last months mid right here...1.1339ish


maybe some support near 1.1327...125% of last weeks range...
Look Sharp/Trade Tight
  • #5,143
  • May 13, 2016 2:04am May 13, 2016 2:04am
As I said, this bull wasn't that appealing after dropped from 1.16 but it's also weird how it's getting down from nowhere and beating important support lines. Only possible with CB support.
I will not say due to technical reason because it was already 25 pips short to touch that point before falling
You cannot learn better without losing
  • #5,144
  • May 13, 2016 2:16am May 13, 2016 2:16am
Quoting forexings
As I said, this bull wasn't that appealing after dropped from 1.16 but it's also weird how it's getting down from nowhere and beating important support lines. Only possible with CB support. I will not say due to technical reason because it was already 25 pips short to touch that point before falling

1.1327 is 71.4% retracement from 1.1212 to 1.1616. Bouncing just around there is usually a reversal sign. It is protected so far.
  • #5,145
  • May 13, 2016 2:30am May 13, 2016 2:30am
Quoting Connors
{quote} 1.1327 is 71.4% retracement from 1.1212 to 1.1616. Bouncing just around there is usually a reversal sign. It is protected so far.
Make no mistake...I will have your SL

Now if only MD would pop in and yell SHORT and move the market
Why sell the bottoms when you can buy the tops...
  • #5,146
  • May 13, 2016 2:31am May 13, 2016 2:31am
Quoting Connors
{quote} 1.1327 is 71.4% retracement from 1.1212 to 1.1616. Bouncing just around there is usually a reversal sign. It is protected so far.
Direct drop more than 50% can't be considered as retracement. We have had enough fun at 1400 so minor chance to get back there if any strong volatility doesn't halp. If it bounce somehow i should say ~1400 will be well protected for 1600+
You cannot learn better without losing
  • #5,147
  • May 13, 2016 2:39am May 13, 2016 2:39am
Quoting Connors
{quote} You already got it, yesterdays longs were stopped at 1.1360 I love stop losses, they save lives.
You know what they say...Rinse and repeat
Why sell the bottoms when you can buy the tops...
  • #5,148
  • May 13, 2016 2:40am May 13, 2016 2:40am
Quoting forexings
{quote} Direct drop more than 50% can't be considered as retracement. We have had enough fun at 1400 so minor chance to get back there if any strong volatility doesn't halp. If it bounce somehow i should say ~1400 will be well protected for 1600+

There are a few important market mover datas today in schedule. Anyway, good luck! I have a long with a stop at 1.1305.
  • #5,149
  • May 13, 2016 2:48am May 13, 2016 2:48am
Whatever happens, bull must prevent this bear to close any weekly bar below 1212 otherwise bullish sign in weekly TF will turn into bear
You cannot learn better without losing
  • #5,150
  • Edited 4:00am May 13, 2016 3:40am | Edited 4:00am
Quoting Blackopal
{quote} Thanks for that explanation longshot. I had a bit of a read about bats and butterflies before asking my question, but I couldn't figure it out from what I read. The diagrams I saw were all interposed on top of completed price action, with candles all the way up and down both wings. Happy to see that right wing pointing up. As we're on that trendline, I had pendings triggered overnight and this morning at 1.1376 and 1.1371. Hardly a move from between these two prices all day. Seems like a decisive level. If it closes the day and week below...
point C is not tradable, if point D is met trade it, not before.
many times point D is not met.
example, aud yen 15 minute chart could become a pritty nice bat. It has an AB=CD pattern at the 88.6 fib and there is also todays S3.
But i don't short it now because price may go up before the bat is complete.

Attached Image (click to enlarge)
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Here is a good bat that never met D.

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  • #5,151
  • May 13, 2016 7:02am May 13, 2016 7:02am
i closed 2/3 of longs yesterday. i was closing the rest after 1315. last month's close london 1451 (above 1465 would have been much stronger). 1465 and 1347 to me are in play. the 4 h closed above 1347. i have a not symmetrical target at 1315, usually it would go to 1540 before 1315.
i could be wrong about 1.17 test.. and if so 1.1115 or 1.106x. could be in play. if 106x would be in play. i think closes below the 1/4 point to it at 1341 would see closes below. or if not closes above 1347 may be bullish. but above 1357 is probably a little stronger. just some minor clues that may be bs, i am watching. its unlikely this late in the week i will short w/o a bounce. and after 1314 i will be stopped out current long. its still mid month.. last month's close above 1388 was bullish to me. i am hearing some fed doves are talking hawkish.

from 16xx high purple shows levels to 1067.. right or wrong. 1341 is 1/4 way. 1/8 way was R last time there.
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those who can, do. those who cant, talk about those who can
  • #5,152
  • May 13, 2016 7:26am May 13, 2016 7:26am
from another perspective, based on 1.2470. with 1.17xx likely tested. 1340 could be a s/r close wise. not really a time to get panties in a wad.
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #5,153
  • May 13, 2016 7:36am May 13, 2016 7:36am
my panties in a wad.. stopped triggered 1314
those who can, do. those who cant, talk about those who can
  • #5,154
  • May 13, 2016 7:49am May 13, 2016 7:49am
shorted EU @ 1347, looking at other U pairs, will try to hold this one again, but every one I have tried to hold this week ended up at b/e, of course pfffffft

Eu move looks more pronounced, maybe reality of possible brexit is weighing more heavily on euro
  • #5,155
  • May 13, 2016 7:55am May 13, 2016 7:55am
Quoting gatorinla
my panties in a wad.. stopped triggered 1314
What are you planning next?

My long closed long ago just above 1390
Quoting forexings
E/U: Bear charging with strength is a sign of final do-or-die attempt before FOMC. 70% chance to be successful Bullish reaction isn't that appealing since drop from 16xx but not giving up 1400 access Question is what/who makes bear this strong without group of big players support
You cannot learn better without losing
  • #5,156
  • May 13, 2016 7:57am May 13, 2016 7:57am
keeping an eye on 12.9
don't get in love with pairs ... up or down is the same pip value
  • #5,157
  • May 13, 2016 8:06am May 13, 2016 8:06am
I am long @1.1315. I feel safe when week close above 1.1377

Edit: Bears has potential to go 1.1238
  • #5,158
  • May 13, 2016 8:38am May 13, 2016 8:38am
Perfect, now we have DB & DT at the same time...
  • #5,159
  • May 13, 2016 8:44am May 13, 2016 8:44am
You know the old adage... "vely nice"
  • #5,160
  • May 13, 2016 8:51am May 13, 2016 8:51am
Quoting edyraper
Perfect, now we have DB & DT at the same time...
What is DB & DT?
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