PA, S/R, ZL, EXTREMES & MOMO

poipen · Post by **poipen** » Thu Feb 17, 2011 6:59 am

Does anyone see anything wrong with this daily setup on the GY?

1 more question, if you had to choose between trading the london or NY open which would you choose?
thanks in advance fellas

ajaymein · Post by **ajaymein** » Thu Feb 17, 2011 7:36 am

poipen wrote:Does anyone see anything wrong with this daily setup on the GY?

1 more question, if you had to choose between trading the london or NY open which would you choose?
thanks in advance fellas

You might run into this as a problem...the weekly hit a ZL

And it might test lower around 133.75 to completely zero everything out...but as long as your SL is where the red line is at, you should be OKAY if the setup turns good, as long as you can sustain the draw down in case price does decide to fully zero out the momo bar.

es/pip · Post by **es/pip** » Thu Feb 17, 2011 12:18 pm

i dont see anything wrong with that

like AJ said it may have issues based on the w1

but the Monthly looks like it wants 139.20 and then 141.80

i would play it there with a tight stop

not in it though

_______________________________

how is your trading going AJ?

es/pip · Post by **es/pip** » Thu Feb 17, 2011 12:21 pm

i dont really have a preference, some people dont like the us sessions i feel like PA is pretty much the same all the time.

i try to get up around 4-5Am est, and catch a little of both sessions

FXfreak · Post by **FXfreak** » Thu Feb 17, 2011 2:32 pm

my current trade. comments are welcome!

karol · Post by **karol** » Thu Feb 17, 2011 5:20 pm

Daily

4 hours

1 hour

5 minutes

With this one i tried my luck with long off something I thought to be a solid support. Well, it wasn't.

The second one, on the other hand, went smoother than I supposed.

First too soon, the second one better.

karol · Post by **karol** » Thu Feb 17, 2011 5:24 pm

FXfreak wrote:my current trade. comments are welcome!

What's you target? Going for the top of the momo or even higher? I still find it difficult to assess where to liquidate.

FXfreak · Post by **FXfreak** » Thu Feb 17, 2011 6:27 pm

target is the upper red line. all pairs moved in the last hours, only gbpjpy is where it was three hours ago.....

poipen · Post by **poipen** » Thu Feb 17, 2011 8:16 pm

FXfreak wrote:target is the upper red line. all pairs moved in the last hours, only gbpjpy is where it was three hours ago.....

Congrats on the pips lol

es/pip · Post by **es/pip** » Thu Feb 17, 2011 11:26 pm

trades from today