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  • #1,501
  • Jul 11, 2016 10:08pm Jul 11, 2016 10:08pm
Quoting maflip
{quote} It's a fractal target because there's no swing. It's what I use when I counter trend trade. So if I see a swing then I use fib extensions.
gotcha. thanks. but its based on a fib from recent fractals?

edit...no need to answer. im still out of it and it just clicked
  • #1,502
  • Jul 11, 2016 10:19pm Jul 11, 2016 10:19pm
Quoting raiders
{quote} gotcha. thanks. but its based on a fib from recent fractals? edit...no need to answer. im still out of it and it just clicked


Try this. If an H4 fractal is broken. Measure the 1:1 move then switch to M5. If they haven't hit the fractal target yet on H4 then you get an entry setup on M5 at the direction of the H4 break. You might have a better chance of winning. Just a thought.

Oh yeah I just used a fib to measure the 1:1 move easier. Rather than drawing two lines.
  • #1,503
  • Edited 10:39pm Jul 11, 2016 10:27pm | Edited 10:39pm
Quoting raiders
btw...i gotta vent and get it out of my system. had to take the day off to gather myself. I went in extra heavy on a GU short yesterday and was sitting at about 25% profit of the total account only to see the stupid lady drop from pm race and eat up my profits as i took a 20min nap. i still got out with a minimal gain but it broke my heart to wake up to it. that being said...can someone drop some levels for me real quick so i can confirm im on the same page as the market still
I know bro. Yesterday all GBP pairs are going down heavily except GJ. I took one short on GU made money. And exactly the time I took profit. The beast went up. I was like WTF! Glad I got out on time.
  • #1,504
  • Jul 11, 2016 11:15pm Jul 11, 2016 11:15pm
So....GJ i have 3 waves off the bottom reaching 1618 and possibly working on the 4th right now. Im afraid to sell the 4th wave though with boj talking so much over the past few days
  • #1,505
  • Jul 11, 2016 11:24pm Jul 11, 2016 11:24pm
With the dumb intervention we don't know how far this thing is willing to retrace. Also, other GBP pairs seems going along with it. Even GU is going back up.
  • #1,506
  • Jul 11, 2016 11:29pm Jul 11, 2016 11:29pm
GU....technically this could still be wave 4. I want to see how it reacts to the parallel. It got close and rejected, so i know people are looking at the level. I want to see if it can actually reject it or roll off. If so, i will try for another short on it.

GJ i have no clue other than it looks like wave 4 up. only good for scalps until we get boj news but it looks like we could possibly have a decent bottom in place on it
In UJ i think we have seen the bottom so im looking for a long entry and hopefully a pullback so i can get extra long while we wait to hear what the package will be
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  • #1,507
  • Jul 11, 2016 11:32pm Jul 11, 2016 11:32pm
By the way. Where is...........?
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  • #1,508
  • Jul 11, 2016 11:38pm Jul 11, 2016 11:38pm
Quoting maflip
By the way. Where is...........? {image}
right here
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  • #1,509
  • Jul 11, 2016 11:41pm Jul 11, 2016 11:41pm
Quoting raiders
{quote} right here {image}
dangit I couldnt find him hah hah
  • #1,510
  • Jul 11, 2016 11:48pm Jul 11, 2016 11:48pm
i believe its 4 hours till Carney testifies during the inflation report hearings...we will probably get some volatility. keep hearing they want to cut rates so he might drop some info on that. if so...GU should get back to falling
  • #1,511
  • Jul 12, 2016 2:00am Jul 12, 2016 2:00am
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  • #1,512
  • Jul 12, 2016 2:03am Jul 12, 2016 2:03am
Just going with the flow. Bought near the high huh. Fearless!!! A quick 17 pips. GU Sometimes, take small money here and there, sometimes a home run.
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  • #1,513
  • Jul 12, 2016 2:08am Jul 12, 2016 2:08am
Fearless when H4 have a GU target of 1.31845. Hopefully, it gets there before Carney screws it up on his speech.
  • #1,514
  • Jul 12, 2016 2:12am Jul 12, 2016 2:12am
GU cup and handle pattern. It worked. Hooraahhh
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  • #1,515
  • Jul 12, 2016 2:24am Jul 12, 2016 2:24am
Quoting raiders
i believe its 4 hours till Carney testifies during the inflation report hearings...we will probably get some volatility. keep hearing they want to cut rates so he might drop some info on that. if so...GU should get back to falling
This is the one I was talking about on H4 bro. Yesterday was a fakeout to make a new low. So alot of goons are most likely reversing right now. Right now price is at 162%. Let's see if they can get it to 200% which is 1:1.
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  • #1,516
  • Jul 12, 2016 2:31am Jul 12, 2016 2:31am
Quoting maflip
Just going with the flow. Bought near the high huh. Fearless!!! A quick 17 pips. GU Sometimes, take small money here and there, sometimes a home run. {image}
i had the same long from 1.30745 and closed it out like a weenie for min gain
yesterdays bs has me on edge still....i need a solid banger to get my mind right again. might just watch charts till carney causes madness
  • #1,517
  • Jul 12, 2016 2:36am Jul 12, 2016 2:36am
Quoting raiders
{quote} i had the same long from 1.30745 and closed it out like a weenie for min gain yesterdays bs has me on edge still....i need a solid banger to get my mind right again. might just watch charts till carney causes madness
Ah cool. Bro we are all weenies. If you think it's going up more but feeling a bit weenie. Take half out then let the other ride. I know the feeling. I am such a weenie myself.
  • #1,518
  • Jul 12, 2016 2:39am Jul 12, 2016 2:39am
We are weenies.

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  • #1,519
  • Jul 12, 2016 4:21am Jul 12, 2016 4:21am
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Exits == most important part of your strategy
  • #1,520
  • Jul 12, 2016 4:27am Jul 12, 2016 4:27am
Quoting maflip
We are weenies. https://www.youtube.com/watch?v=W4Oe_nosQww
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