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benaiah replied Dec 16, 2014Looks like a really good low-risk entry point at current level. Kicking myself, since I entered twice above it, and stopped out both times, of course. But when I first looked at the charts today, I told myself to wait for a pull back to current ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014I agree with the difficulty in trying to trade this for more than just scalping right now. Price is currently trying to establish a reversal of the bearish retrace. I see the boundaries of consolidation as outlined in attached chart. Until the ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014I do not think we will see this level again for a while. Price has found support in the blue box I posted above. Up from here.
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014In addition to the pivots I posted earlier, here's another view. I'd expect it to find support somewhere in blue box. If not, could re-test prior lows.
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014Excellent to hear a positive day for you! 116.73 is monthly pivot 116.65 daily S1 right below that
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014Should bounce around monthly pivot, I would think also daily S1 right below it. Good support level...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014I don't think you are wrong at all - and an excellent observation! But on smaller time frames, this can go back and forth so much, it can be nerve racking, as there'll be trends in both directions multiple times per day. What I have learned, is the ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014I still see 117.23 as key. Needs to get above and stay above this. If it looks like it can't do that, I'll look for it to find support around 117.06, or 116.77. 116.73 is the monthly pivot, so I'd be really shocked if it fell below that...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014Only problem - slow time of day is ahead, so might consolidate for a while...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 16, 2014Excellent entry point right now. As long as price stays above 117.23, should target 118.14, then 118.72
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014Here's a big picture view, to show the consolidation and larger channel that could come into play eventually. Yellow horizontal lines show the inside bar range. The green slanted lines, the possible channel. NY daily close a few minutes ago and ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014Fighting its way back up it seems. I'll be looking for an H1 close above 118.916 (horizontal yellow line on chart). This would also be a close above the daily chart 8 EMA (yellow moving average on chart). Needs to get back up there, and STAY up ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014Looking at UJ now. What do I see now? I don't see the same thing I saw yesterday. Bears slammed it. Is the trend over? No! But this consolidation is looking really, really, really, messy. It's really impossible to know what this pair will do with ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014My trading enteries are primarily on 1/5/15 minute charts. If you can't trade these lower time frames, then you will need wider SL most of the time on higher time frames. "I just not talk like it is" - Not sure what that means, but this thread is ...
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014Was holding for 120.69. However, the ride is too bumpy for my taste. Back to trading the range again... Trade safely!
Bull City Baby! Buying Opportunities
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benaiah replied Dec 15, 2014Welcome Oli1066 - We are in some pretty messy consolidation now. Hard to gauge boundaries. But it looks like we are going up from current level.
Bull City Baby! Buying Opportunities