Here is a repost of daily
you’re flying now, Airborne (sorry couldn’t resist :D).
Had to be quick there - 1st lot target hit for +37, (1:1). Remainder at b/e with a profit target at the hrly fib T1 (9796).
Cowaboi, way to go… You nailed it!!
Good to see your long up there too, nice trading.
OK, so the T1 has been hit and that’s it for me today - a shaky start but thankfully got better as the day progressed.
WTG, I’m thinking about moving my stop to break even. I do think the pullback is not far off and so we will try to ride it out and see how it turns out. Should price pullback and then move up again I might trail under pullback support.
Hi cowa dude, I don’t understand my macd has been in the positive all along and I have been following your indicators very closely. Do you still use Xtick professional? what am I doing wrong?
Hi, i’ve never used Xtick, but i do use an FXCM feed (as PipSurfer does using Xtick) but through NetDania’s PowerCharts. I’ll post a chart in a minute showing the MACD-Histogram moving from negative to positive or a rising trend in the negative, which is what we use to part qualify a long cowabunga entry.
This picture shows a possible projected measured move from daily PP.
I think it is best to take some profits off the table and then move stops to b/e and try to ride the rest. I used the clearance of last high as pivot point.
I think it is advantageous to stick with a winner as long as possible and let the price action take you out.
Correct me if this is incorrect?
I closed it out as I need to leave the house. Just a little over 1R. Trades taken thus far. The -35 was a counter trend that did not work as it was against the 4h direction.
#1 +30 R 1.25
#2 -35 R- 1
#3 +118 R+1
I see a possible counter play in the works. 1h shows tweezer top and logical target might be 1.9825 5ema. I’m not taking it but tight stop over high would be a low risk trade for about 61 pip or r 2.66.
…looking for long cowabunga entries again today. No trades so far.
EDIT: 12:45 GMT - still waiting…i’ve been keeping an eye on a 15min fib chart during this morning’s session, it wouldn’t surprise me in the slightest (given the accuracy of fib extensions as targets) that the downside T1 is hit before a next leg up. Price is also interacting with the last few session’s swing long fib (ie a 38.2 retracement of that swing).
I’m anticipating a cowabunga long this afternoon, but what with news throughout the US session, cowabunga rules may keep us on the sidelines.
EDIT: 13:50 GMT - …that downside T1 hit (pip perfect on ODL - 3rd chart attached) from which it bounced…maybe there will be some follow through…
typically, the best signal of the day is about to crop up and we’re out on the sidelines because of ‘red news’.
How does Pip Surfer have a black candle come up for reversal area? I looked at his blog today. I thought I had the template but I must not.
Hi
Hope every thing is going fine, I will very much appreciate if you post a link to the new and latest version of the indicator, and guide me to where to find it, I read thru the posts and no success in finding it.
Hope you all have a nice weekend, and success in trading.
Sincerely
I guess this is a dead thread… TANKS FOR THE FEED BACK!!!
Is anyone long on CB right now (cross at 4.30GMT)?
In @ 2.0186 (9.15am GMT) Stop @ 2.0161
Out @ 2.0220
Profit = 34 pips