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- pmn100 replied Nov 4, 2011
All stock traders — To Tom or anyone who uses the rounded retest techinque on stocks, what stocks do you scan through to look for opportunities? Dow30? S&P500? Ftse100? etc. I assume we're looking for the most liquid stocks, but where do you ...
- pmn100 replied Sep 2, 2011
I've attached the H1 chart of E/A. To me, the 1.3300 has already had a rounded retest (upward arrow). So I wouldn't be looking to buy this area on touch. Compare that level to the one below where the highs (downward arrow) were not retested for ...
- pmn100 replied Sep 1, 2011
Hasn't the area already had a rounded retest back on 3rd Aug (H1 chart), so you're buying support, not resistance? That and the fact its a cross, so not totally reliable, plus important news release.
- pmn100 replied Aug 24, 2011
Hi Tom, can you shed some light on your gold and silver shorts? Entry, SL? Thanks
- pmn100 replied Aug 17, 2011
To me, I can barely see a pivot there. Washed over, as you'd say. I can see a cleaner support line at 1.4400, and what looks like a first time back yesterday. Did you take a long here? Because to me, 1.4400 looks a much more significant support area ...
- pmn100 replied Aug 17, 2011
I can't see much of a level here as per D1, or for that matter intraday, but can see the H1 wick high as a first time back opportunity. Was that the sole reason for the long here? Also, can I ask where you put the initial SL? Thanks Tom
- pmn100 replied May 26, 2011
I had entry on G/U at precisely 1.6322 (clean H4 PPZ), and FTA at 1.6305. Price hit FTA, retraced back to 1.6322 and rejected down further to the H1 highs at 1.6295. So for me it worked, twice. Wouldn't have been the greatest R/R ratio, but enough ...
- pmn100 replied May 25, 2011
Yep, I certainly am reactionary. Rather than anitcipating possible reversals, I look at what is happening now and it puts me of trades. i.e. I see YM with big H1 bars upwards, which to me makes me think stong E/U, and thus weak U/CHF. But that's ...
- pmn100 replied May 25, 2011
I've got a H4 PPZ at 0.8710, but I'm put off by the strong YM, and to me E/U seems to want to turn upwards. Or perhaps I'm just too cautious.
- pmn100 replied May 24, 2011
Did you take this one LJ or was it too early in the morning? I remember you saying you wait until one hour after Euro open before trading. Is that still the case?
- pmn100 replied May 22, 2011
Below is the weekly feed on sigtrader for EUR index! Totally different to LJ's below it. Which is correct? image image
- pmn100 replied May 20, 2011
Thanks very much Mark, really appreciate your time (especially on a Friday night ).
- pmn100 replied May 20, 2011
This is probably the wrong view I have, but if EUR pairs have BEOBs, of course EURX is going to have a BEOB because its made up of EUR pairs data. Similarly, if there is a BEOB on EURX, there will likely be BEOBs on some EUR pairs. So does it really ...
- pmn100 replied May 20, 2011
Okay, I've just downloaded Alpari and ForexLtd and am having a hard time correlating all their different bar times, but I think I see what happened. Firstly, EURX is at something of resistance (not 50/61 fib), and the H1 is showing a triple top and ...
- pmn100 replied May 20, 2011
Hi LJ When you look for the 50/61 fib retrace, do you always want to see correlations with other pairs and/or the DOW? As an example, I'm seeing A/U approach 50/61 fib resistance at 1.0710 right now but G/Us a fair way away from similar 50/61 fib ...
- pmn100 replied May 18, 2011
Thanks for the explaination Nasir Concerning the news releases, although I haven't monitored that sort of behaviour specifically, I do see how news, if relating to a specific currency, can sometimes give great opportunities for entries as they can ...
- pmn100 replied May 18, 2011
Thanks LJ I'm definitely getting myself into a tiz with the correlations, along with the DOW movements, and then factoring in sentiment and news releases. As an example, what I find I'm doing is looking at the DOW and seeing an up day, and then ...
- pmn100 replied May 18, 2011
I was watching U/CHF. Would you attribute the bearishness on this pair mainly down to the 50/61 retrace? Because I'm seeing commodities up and riskier currencies up at the time, but strong CHF? Wouldn't CHF usually be weak in this environment?
- pmn100 replied May 18, 2011
Concerning the G/U long, was you anticipating profit taking at some point after a days selling, and waiting for the first bullish sign? Or perhaps YM at 50% fib along with your E/U long? Because for me G/U just broke some significant support at the ...
- pmn100 replied May 12, 2011
Very clear. Thanks LJ. Concerning E/CAD shorts. Did you take the H1 pin off 1.3710 this morning? Yesterday's daily candle closed clean through this PPZ, and I was looking for PA on retrace to it today. Didn't take it myself as it looked ...