A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Apr 09, 2013 10:39 am

set it to 2 bars and post a pic. Cant help you without a pic.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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TenCent
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Postby TenCent » Tue Apr 09, 2013 11:00 am

that is very kind, thank you very much - here we go

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Postby judokamak » Tue Apr 09, 2013 11:06 am

width auto cc = 2

not 3

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newscalper
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Postby newscalper » Tue Apr 09, 2013 11:33 am

I'm long EU but not liking it atm
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Postby newscalper » Tue Apr 09, 2013 12:25 pm

Just took the exit at 1.3060 after that big bar into previous upper level.

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Postby cwn6161 » Tue Apr 09, 2013 12:41 pm

Check out all the yen pairs on the daily. So many have gone up in a parabolic fashion...I think there should be some short opportunity in the next day or so. IMO, we could drop sharp to match the rise, or have a small parabolic drop that leads to further gains again.

This is just me looking at previous patterns like this and trying to form a plan if price decides to follow that route.

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Postby cwn6161 » Tue Apr 09, 2013 12:48 pm

I can't post pics right now, but if you are interested - check out EURUSD in September of 2011. Parabolic move down, followed by a smaller parabolic move up. Price then slams back down again.

Is there a formal name for that pattern? I suppose its a form of 1-2-3 or a hook..

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Postby newscalper » Tue Apr 09, 2013 12:58 pm

cwn6161 wrote:I can't post pics right now, but if you are interested - check out EURUSD in September of 2011. Parabolic move down, followed by a smaller parabolic move up. Price then slams back down again.

Is there a formal name for that pattern? I suppose its a form of 1-2-3 or a hook..

If you're talking about the overall pattern that's evolving on the daily chart it's a head and shoulders. I wouldn't read too much into that apart from the price levels.

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Postby newscalper » Tue Apr 09, 2013 1:03 pm

:lol: I think I should have held on to that long

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Postby cwn6161 » Tue Apr 09, 2013 1:03 pm

I'll post some pics later this evening

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