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| View Poll Results: Which Section? | |||
| I draw my SR levels by hand |
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26 | 63.41% |
| My SR levels are draw by some indicator |
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14 | 34.15% |
| Other. My answer is not listed above. |
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1 | 2.44% |
| Voters: 41. You may not vote on this poll | |||
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LinkBack (45) | Thread Tools | Display Modes |
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Bubbling
Hi Bubble,
wanted you feedback on this trade I did today on the eurjpy. I have downtrends for the 1hr and Trend up but direction down on the 4hr. Took my short entry on the 15min @ 162.90 SL @ 163.05 and TP @ 161.88. Well, what do you know I got stopped out. Did I miss something? mairangi ps this has taken me most of the day to post, had problems with the internet connection...... |
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Hi Bubble
Trying to nail down the way you view RBS / SBR. Was up late with the candles burning chart watching ! I have attached a 30 min Cable chart, which shows the break up yesterday late afternoon. RBS 1 2.0347 retraced to 2..0268. Then I have marked RBS 2 at 2.02328, which last retraced before the break to 2.0304 (the 15 min indicated a HL at 2.0311). So in this situation, where you have 2 local RBS points (the former higher than the later) : - What happens when RBS 1 get broken, does RBS 2 still remain a valid support line ? When RBS 1 gets broken which swing lo do you reference to get your lower point of the support range for a possible entry ? Then one issue re ranges:- Is there a point in length of range which invalidates the trend up, even though there has not been a LH, LL swing ? (A point at which you would not take a long trade). Good luck today to all in the NFPR circus. Hagadol Last edited by hagadol; 08-03-2007 at 09:55 AM. |
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Ok Guys,
Comments welcome, gone long Nzd/Jpy on second touch of support at 91 with a target area of next peak at 92. If gets there then will scale, move stop to BE and look for 9230, next peak on hourly. Entry a little late at 20, stop at 90. |
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Bubbling
Quote:
I know it ain't pretty in hindsight but at the time I think this is how I saw it. TP was at the S line @ 1.6051 Your chart looks better! mairangi |
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Bubbling
Hi Bubble,
Quote:
Quote:
No need to be sorry. I don't think it is harsh of you to say that. In fact it is one of your qualities, direct and clear. I had the feeling at the time I had overlooked somethng. Quote:
I will do another chart and post that. again thanks for your help. mairangi |
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Bubbling
Hi Bubble,
you have made it easy for me but I post the corrected chart for the record. My RBS was at the wrong level at 2.0376 and should have been at 2.0347, correct? The HH, HL,LH,LL look the same as yours, correct? thanks for your help mairangi |
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