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bredin
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Postby bredin » Fri Feb 19, 2010 1:46 am

Tman, for me on that chart (without too much looking into it) it seems that the buy signal was at 121.56 ish, looking to profit about where your buy line is roughly @ 123.80.

Next buy after that at 122.90 target at about 124.25.

Mabee Im crazy :)

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G
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tmanbone
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Postby tmanbone » Fri Feb 19, 2010 4:44 am

Welcome bredin, yes looking at the charts after I drilled down to the four hour, I can see my mistakes. I traded that one off of the daily, before I drilled down. Thanks for the help, I appreciate it.
"The simplicity of the markets is it's greatest disguise"

T

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Postby tmanbone » Mon Feb 22, 2010 4:25 am

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Looking at longer term. Set up text alerts here.
http://www.alertfx.com/admin/types.asp
"The simplicity of the markets is it's greatest disguise"



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bredin
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Postby bredin » Mon Feb 22, 2010 5:15 am

Targeting 1.3490 or so? Or 1.3520 ?

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Postby tmanbone » Tue Feb 23, 2010 2:50 am

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Looking to take out 1.344
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Postby tmanbone » Tue Feb 23, 2010 3:03 am

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Consolidation and another leg down? 50% retrace? COT is showing record level of net shorts in the Euro. No one left to short? Beware.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Tue Feb 23, 2010 4:07 am

I will be editing my trading plan. I've decided staring at a computer screen for 5+ hours everynight after work....., well let me just say there has got to be a better way.
"The simplicity of the markets is it's greatest disguise"



T

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Postby tking » Tue Feb 23, 2010 6:56 am

Very nice S/R trade. Can you tell me what is "COT" that you said is showing record level of net shorts? Thanks.

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Postby tmanbone » Tue Feb 23, 2010 2:08 pm

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Interesting E/U tagged trendline to the pip before downward move.
COT = commitment of traders : http://www.cftc.gov/marketreports/commi ... /index.htm
Study this site: http://www.timingcharts.com/index.php
Last edited by tmanbone on Wed Feb 24, 2010 3:00 am, edited 1 time in total.
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bredin
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Postby bredin » Tue Feb 23, 2010 7:49 pm

Pity that trade got tagged out with a false break to the upside :(

G.
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