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Simba,
Good trade on EU. You guys nailed it. There was news as well. I have been trying to avoid that pair lately. I did not find anything to trade all day. So, at the end I went long long on g/j and closed with 80ish pips loss, then went short@204.04 I think(trade still open will post the result tomorrow). Two mistakes in a row. I did not wait for bar close and confirmation of the patterns. Anyways, look for an MSH short on G/J with a potential target of 201.90.
Good indie Frantachech. I still have the fib zones indie somewhere--very useful. Here is your indicator on a g/j chart;-)
If have this fibozones and rsi14 (above70/bellow30) u have clone idt or omegavus style intraday trading.
if price touch zone check rsi for entry, with cable ... sometimes - often it functions
BUT, interesting is candle ...cable close price in 6 hour by time ActivTrades --- GMT?
Thanks for the info Frantie. Closed that trade that I was holding since yesterday. You can see it at the bottom. It was wrong entry. You can also see the premature long I took and the loss. Wanted to close the short around 203.00 but missed it. Oh well, next time.
Good trading to all;-)
Thanks for the info Frantie. Closed that trade that I was holding since yesterday. You can see it at the bottom. It was wrong entry. You can also see the premature long I took and the loss. Wanted to close the short around 203.00 but missed it. Oh well, next time.
Good trading to all;-)
1.5480 -- partial profit 0.5L and set TP 1.5550
Manual Closed EURUSD 1.5542 and Beach day
__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance
Last edited by frantacech; 05-15-2008 at 03:52 PM.
Just wanted to give you heads up on what I see on gbpjpy. We have a completed MSL long. Target 205.23, sl just below 203.30. If you trade this, at your own risk of course, just testing the patterns idea here, and I am presenting my view:-)
Short NQ(Nasdaq index) @ 2025.75 SL H4 CLOSE ABOVE 2057.00 TGT 1956.50
MSH H4
With this and the previous 4 trades we have a conceptually correlated macro trade with a theme that could be called "Return to risk aversion"..this is what the price patterns are saying..for the moment
Linear Mode
