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  #181 (permalink)  
Old 05-15-2008, 08:36 PM
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Default hey
Hi guys,
I left because no one was ever here and I got bored typing with myself..lolol

I am long from 204.08 and shooting for 205.40 or so with a stop at 203.40.

If I get positive by 30 pips I will probably take 1/2 off and move stop to Break Even.
Last edited by PipChick; 05-15-2008 at 08:41 PM.
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  #182 (permalink)  
Old 05-16-2008, 12:18 AM
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Originally Posted by PipChick View Post
Hi guys,
I left because no one was ever here and I got bored typing with myself..lolol

I am long from 204.08 and shooting for 205.40 or so with a stop at 203.40.

If I get positive by 30 pips I will probably take 1/2 off and move stop to Break Even.
Interesting place to go long. I am not convinced that this support level has proven itself on the retest. Also why take off half at 30. You have to pay attention to relevant SR levels and maintain an adequate risk reward ratio. I may be teaching granny to suck eggs here and if I am just ignore my comments. Hope your trade works out OK
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  #183 (permalink)  
Old 05-16-2008, 01:22 AM
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Interesting place to go long. I am not convinced that this support level has proven itself on the retest. Also why take off half at 30. You have to pay attention to relevant SR levels and maintain an adequate risk reward ratio. I may be teaching granny to suck eggs here and if I am just ignore my comments. Hope your trade works out OK
My view is short also because price is still stuck on the 200 ema(15m ) and looking to go down. So a nice straddle buy stop for a surprise bounce and sell stop for if speculation(my speculation ) is correct would be my opinion.

We can't all agree and that is one thing that makes this market so fun.
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  #184 (permalink)  
Old 05-16-2008, 05:52 AM
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And your view was correct! That was a nice little stop out.
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  #185 (permalink)  
Old 05-16-2008, 05:53 AM
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Originally Posted by PipChick View Post
Hi guys,
I left because no one was ever here and I got bored typing with myself..lolol

I am long from 204.08 and shooting for 205.40 or so with a stop at 203.40.

If I get positive by 30 pips I will probably take 1/2 off and move stop to Break Even.
Glad you're back

My bias is also still to the short side but for me, atm, this is still in no man's land so I see nothing with high enough probability. She keeps bouncing between 203 and 204+ and I prefer it when she drops (or rises) 500 pips

If anyone sees THAT setting up, let me know!
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  #186 (permalink)  
Old 05-16-2008, 05:59 AM
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Well, be clear about your timeframe and where your low risk entries occur. For a long off the lower trendline and for a short off the upper if you want to play within this channel. If looking to play the trend (also my preference) then wait for a clear break then pullback and test
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  #187 (permalink)  
Old 05-16-2008, 06:48 AM
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Well, be clear about your timeframe and where your low risk entries occur. For a long off the lower trendline and for a short off the upper if you want to play within this channel. If looking to play the trend (also my preference) then wait for a clear break then pullback and test
I prefer the trend myself!
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  #188 (permalink)  
Old 05-17-2008, 02:21 PM
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Default Thoughts for the coming week
Here are a few charts with comments attached. Just some ideas for the coming week. Any input would be great!
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File Type: jpg 5-17-08 1 hr gbp jpy.jpg (33.1 KB, 9 views)
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  #189 (permalink)  
Old 05-17-2008, 03:54 PM
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GBPJPY hit dynamic resistance twice on the H1 chart.
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  #190 (permalink)  
Old 05-17-2008, 05:52 PM
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Originally Posted by TheRumpledOne View Post


GBPJPY hit dynamic resistance twice on the H1 chart.
Hello Rumpled,
Could you tell me what the dots on your charts are? They look very interresting. TY!
Pipchick
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