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- EntropyLad replied Feb 18, 2010
Question for CUSTOS on GBP/JPY. Take the daily chart on GBP/JPY. SHORT at 143.50, with 61% fib +/- 15pips away, S/R, etc, etc, is a TT point. DAILY CHART setup, 17th of feb, around 2pm london time. At the same time, the H4 is broken to the upside, ...
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- EntropyLad replied Feb 18, 2010
The AUD/USD chart is attached. One thing i have noticed about the TT's is that they have the tendency to reverse at the next solid S/R which usually is +50pips away. I think in about 70% of the cases. Maybe i will structure it such that 50% at 1:1, ...
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- EntropyLad replied Feb 18, 2010
Well, the required TWO four-hour candles formed on AUD/USD before it hits 0.8900...entry was initiated at 0.8895 as written above. It went to a low of 0.8885, before turning in my direction. Already closed out the customary +20pips at 0.8915, ...
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- EntropyLad replied Feb 18, 2010
USD/JPY? USD/JPY is on bullish steriods, right now. slanted trendline break on the daily towards the upside. Prefect alignment of the SMA on the hourly. 61% fib level at 90.50. same as S/R level. same as RN....supported by trendline. etc. etc. ...
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- EntropyLad replied Feb 18, 2010
Good call, FINSWINS. The daily you can clearly see the slanted trendline collapse i was talking about...it combines this excellently with a near perfect touch trade at 90.50
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- EntropyLad replied Feb 18, 2010
I wasnt even at my desk when it hit that level. I was in the lab. Anyways, the NZD/USD TT entry at 0.6995 has been knocked out too. There was no pre-announcement of the FED raising rates...it wasnt on the fundamental calendar, was it? Oh yeah, +200 ...
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- EntropyLad replied Feb 18, 2010
I dont understand...why that level? UPDATE: Do you mean, a break under that level, pullback to retest those levels and downward continuations. Looking from the daily chart.
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- EntropyLad replied Feb 18, 2010
Yeah..finally, EUR/AUD reaches the final PT of pattern projection from the DAILY/H4 at 1.5060. Funny, i shorted this baby when it was at 1.5740, dumped the cargo quickly at +200pips thinking i was smart. HAHAHAHA. Lesson re-learned.
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- EntropyLad replied Feb 18, 2010
AUD/USD TT long at 0.8900 will be good, baring any AUD news or USD news...and of course, if it takes at least TWO four hour candle to get there(0.8900) from 0.8950. Rules are rules. My preferred entry will be 0.8895.
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- EntropyLad replied Feb 18, 2010
Was anybody able to hit this one? It went to a low of 1.2751 in one of my brokers..spread 6.5...couldnt get in at my customary +/- 5 pips off RN. With each passing day and trade, CUSTOS, my respect for TT escalates....(it doesn hurt that i have yet ...
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- EntropyLad replied Feb 18, 2010
Yeah, you are absolutely right. Compare that 1 -2-3 in EJ vs EU. The EUR/USD exhibits a new swing low pattern, while the EJ exhibits a higher low double bottom or higher low triangle - which indicates reversal tendencies. UPDATE: Immediately after ...
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- EntropyLad replied Feb 18, 2010
AUD/NZD at 1.2750 may be of interest as TT. Too early right now though.
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- EntropyLad replied Feb 18, 2010
Man, i missed soo many trades today...i wish i was less busy. In fact, in 30minutes i will be off again, back to work. Just realized how i missed a solid LOB on GBP/CAD short at exactly 7:15am LONDON TIME when the breakout happened. It was right ...
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- EntropyLad replied Feb 18, 2010
It fits with my rules at 90.50. You have 61%, RN, S/R. and slanted trendline break and the rest. I didnt even see this earlier. Good eye. Good call. UPDATE: Just made a brief look at the rest of the JPYs...same for G/J at 141.00. Didnt take that one ...
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- EntropyLad replied Feb 18, 2010
Yeah, this trade met all my rules. As per my TT rules, i entered at 0.6995, that +/-5 pips off RN. I am still in demo, of course. Already closed out 1/2. Read now that YUNERO took the same trade...good work.
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- EntropyLad replied Feb 18, 2010
I presume that you mean, the psychological issues never goes away...they get repressed...they become latent...ready to spring on your on at your moment of weakness. Psychological issues and their thousand cousins. Create a checklist of the rules. ...
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- EntropyLad replied Feb 17, 2010
I love my SMA soo much i got this on a t-shirt. image
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- EntropyLad replied Feb 17, 2010
These are some of the other girls Pip Dawg is talking about... image OUR undercover paparazzi photographs caught PIP dawg in action: image
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- EntropyLad replied Feb 17, 2010
The slanted trendline collapse (S.T.C) is too fast. It already happened at 90.36. M30/5MINS
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