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TraderStar replied Sep 8, 2008Going through my charts, I am still really confused about trendlines, on some charts I have them all over the place, on others just a couple .. let me see if I have this right: For an up tl, you find a low then a high, then a higher low, then a ...
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 20084h candle just closed just below gann line, 4h QQE starting to curve down, no way will I be long just yet (except for scalps)
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008The book that Hussin Naiji mentioned with the explanation in Chapter 7 of the two gaps (windows) is called Japanese Candlestick Charting Techniques by Steve Nison, and the good news is, if you google the title you will find one of the links leads to ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Yep, that's what I was thanking you for a few pages back

Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008I was using ODL until about 3 weeks ago, then the platform suddenly stopped working. So I switched to IBFX. I also have Alpari on my computer, I keep 3 of them as backups. I was using ODL for over 3 months, I wonder if they just turned it off ...
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008I got out with some profit, I was just scalping with small positions for 30-100 pips, just practicing

Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Wow, I would not think that high, but that is a pretty strong reversal candle on the 1 hour. Still I think more likely the mid 192's .. actually it is already falling back as I type...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Yeah must be different 4h bars, I have no EB's for those 3. Also do not have an evening star on CHF-JPY, there is a sort of evening star formation but the star candle is a hanging man
Oh well .. close enough, all the others were valid. I know ...A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008Looks like there's going to be a retrace up into NY open, I have a couple of longs from the low 191, anyone have input as to where it might stop, because I think it will stop, maybe around 192.50? .. and that will also be a good re-shorting place. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008It looks like most of those pairs you posted had EBr candles to signal entry, but I do not see reason for entry on the 3 above ...
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008She may hit new lows, but she'll be dragged kicking & screaming all the way down .. look at the struggle going on since open, up 100 pips, down 100 pips, all through the night ... even for the GY this is wild behaviour.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Kudos to karmo once again. GY just dropped below 191 as per his analysis & that's what helped me hold on to my shorts through all that turbulent price action tonight
Now I'll be watching for that 4 hour close below the gann line because if we see ...Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Ah you were already answering my question .. however could you post some of those charts with entry circled? The more charts we see, I think the easier it will be to learn how to draw them correctly.
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008Dra could you post some charts with trendlines of setups you find interesting, I still am having a problem figuring out which trendlines to draw, I think I often overdo it! I'd like to see how some of your charts look after all these gaps too.
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008QQE crossed down on hourly over an hour ago...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008It's amazing how most of them gapped up to their trendlines and now are failing those tls, and check out the 4h candles on the CHF/JPY .. a bullish engulfing followed by a bearish engulfing (!)
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008Are you referring to all those 4h candles that look like they will close as bearish engulfing (and a few bullish engulfiing?) Which pairs do you think are most promising assuming the candles confirm?
A,B,C,D - 1,2,3,4 System
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TraderStar replied Sep 8, 2008QQE is crossing down now on the 1 hour .. big struggle going on at this level, it needs to break and hold below 192.80, then the downward pressure should be stronger. Crazy crazy action on all pairs .. I wonder if something is going on that we don't ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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TraderStar replied Sep 8, 2008Ah karmo, good to have you here, I feel safer now

Auslanco - GBP/JPY and GBP/USD (newstrade)