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  • #301
  • Jan 20, 2017 4:34am Jan 20, 2017 4:34am
its a tough call in my book...
Look Sharp/Trade Tight
  • #302
  • Jan 20, 2017 4:43am Jan 20, 2017 4:43am
No right answer obviously.....

My take...

B is meaner on a count of the break

A is sneakier on a count of B stands out more...
Look Sharp/Trade Tight
  • #303
  • Jan 20, 2017 4:47am Jan 20, 2017 4:47am
a second discussion could be had on point C

is it a test of B even though it missed by a few pips, it did have a decent reaction..+60 pips...

and what of todays test...does it make A or B sneakier?

do you sell B today, or wait for A?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 81 KB
Look Sharp/Trade Tight
  • #304
  • Jan 20, 2017 4:49am Jan 20, 2017 4:49am
just some food for thought....
Look Sharp/Trade Tight
  • #305
  • Jan 20, 2017 4:52am Jan 20, 2017 4:52am
the correct answer is that its the Canadian Dollar, the dumbest currency on the board, and its gonna fuck you anyway you slice it...
Look Sharp/Trade Tight
  • #306
  • Jan 20, 2017 5:03am Jan 20, 2017 5:03am
feel free to post your read on it....
Look Sharp/Trade Tight
  • #307
  • Jan 20, 2017 5:19am Jan 20, 2017 5:19am
Well where price is now, just at your A line, or bottom of A top of C, is a fibber. Looking left it doesn't seem to be enough to stop this particular train. Ucad is playing in some wide harmonics and the levels in this range don't seem well formed enough.

I mostly like the middle blue level on my chart, a well formed and untouched CP pattern with some SR snuck in, and closer to the peak which is better for RR, basically 3530. But I'm probably wrong, lol.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad1.PNG Size: 188 KB
  • #308
  • Jan 20, 2017 5:24am Jan 20, 2017 5:24am
we are all wrong, its just a read, and I should have posted it before we got close to the area, think the discussion would have been more interesting ..next time...
Look Sharp/Trade Tight
  • #309
  • Jan 20, 2017 5:33am Jan 20, 2017 5:33am
bbl..gl, PTL
Look Sharp/Trade Tight
  • #310
  • Jan 20, 2017 5:48am Jan 20, 2017 5:48am
Quoting PayTheLimit
the correct answer is that its the Canadian Dollar, the dumbest currency on the board, and its gonna fuck you anyway you slice it...
idd.
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  • #311
  • Jan 20, 2017 5:51am Jan 20, 2017 5:51am
Hey man, watching your thread from a distance every day. I didnt have such a good technical week for a long time, it was just like the old days. I think market is going back to normal, what do you think?

I dont think you are trading today, since it's friday and all but will you be taking trades close to 1.0560? I know you were vocal about it a few times.
  • #312
  • Jan 20, 2017 7:53am Jan 20, 2017 7:53am
Quoting PayTheLimit
{quote} what would you do?
You drew the line.
You posted the chart.
What are you saying should happen when price meets the line?
Are you expecting a break?
Are you expecting a reversal?
Simple questions, simple answers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #313
  • Jan 20, 2017 8:11am Jan 20, 2017 8:11am
Quoting TooSlow
{quote} You drew the line. You posted the chart. What are you saying should happen when price meets the line? Are you expecting a break? Are you expecting a reversal? Simple questions, simple answers.

fine, fine...

but I don't want to talk about that level anymore...
Look Sharp/Trade Tight
  • #314
  • Jan 20, 2017 8:13am Jan 20, 2017 8:13am
Quoting Connors
Hey man, watching your thread from a distance every day. I didnt have such a good technical week for a long time, it was just like the old days. I think market is going back to normal, what do you think? I dont think you are trading today, since it's friday and all but will you be taking trades close to 1.0560? I know you were vocal about it a few times.
yes I like that level, but something better might come along..well see next week
Look Sharp/Trade Tight
  • #315
  • Jan 20, 2017 10:11am Jan 20, 2017 10:11am
Quoting PayTheLimit
{quote} fine, fine... but I don't want to talk about that level anymore...
I was asking in general.
You draw lines.
You post charts.
What are you saying should happen when price meets the line?
Are you expecting a break?
Are you expecting a reversal?
Simple questions, simple answers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #316
  • Jan 20, 2017 10:15am Jan 20, 2017 10:15am
Quoting TooSlow
{quote} I was asking in general. You draw lines. You post charts. What are you saying should happen when price meets the line? Are you expecting a break? Are you expecting a reversal? Simple questions, simple answers.
generally, when I draw a level, I expect it to hold...
Look Sharp/Trade Tight
  • #317
  • Jan 20, 2017 10:20am Jan 20, 2017 10:20am
Quoting PayTheLimit
{quote} generally, when I draw a level, I expect it to hold...
so, in this example, I would sell, expecting the level to hold...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 86 KB
Look Sharp/Trade Tight
  • #318
  • Jan 20, 2017 10:22am Jan 20, 2017 10:22am
I'll try to be clearer henceforth...
Look Sharp/Trade Tight
  • #319
  • Jan 20, 2017 10:24am Jan 20, 2017 10:24am
Quoting PayTheLimit
I'll try to be clearer henceforth...
Much appreciated.
Thank you.
Green pips to all.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #320
  • Jan 20, 2017 10:25am Jan 20, 2017 10:25am
Quoting PayTheLimit
No right answer obviously..... My take... B is meaner on a count of the break A is sneakier on a count of B stands out more...

pretty damn sneaky of A...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 80 KB
Look Sharp/Trade Tight
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