Lem's Big Box O' Stuff.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 1:00 pm

Just snipped a +3.7 bag on the T-60 Chart.

Fine by me. :D

Didn't want to be hanging in there too long, as we're coming up for the US Ring-a-Ding-Ding.


GBPUSD T-60 Chart Short +3.7

Screenshot 2019-02-13 at 12.45.27 - Edited.png
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If we get a move at the off, I'll let the dust settle and play any half-decent reaction off that.

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Leoheart
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Re: Lem's Big Box O' Stuff.

Postby Leoheart » Wed Feb 13, 2019 1:32 pm

LeMercenaire wrote:
Leoheart wrote:
LeMercenaire wrote:


Yea single, but can you deal with the heavy baggage, HA!


Heavy baggage? I do have a strong back, if that's any use! :P

I must admit, I did think we were talking hypothetically here, lol.


Of course we aren't speaking hypothetically. I know many soccer moms that would love to be taught by you.

Dialogue, soccer mom #1: Oooh LeMercenaire that candle is sooo big! :lol:
Interdependence is superior to independence which is greater than dependence - NH.

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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 1:47 pm

Just checked statement and turns out that last trade actually went for +4.4, so even better.

I have now just added another +2.1 on a drop out of the cloud. Again on the T-60. Spread suddenly widened and I didn't like the pa, so I got out.

GBPUSD T-60 Chart +2.1

In and running.

Screenshot 2019-02-13 at 13.40.10 - Edited.png
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LeMercenaire
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 1:54 pm

Out

Went on for another +7 or so. Dayuuuuummm!!! :P

Screenshot 2019-02-13 at 13.47.19 - Edited.png
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 2:15 pm

Pushed my luck on this one - and for the record, I should have closed out as price hit - and certainly once it closed - inside the cloud, then re-entered at the next rejection.

However, it didn't hit the second, Dead Man's Stop (the second cloud) and so I hung on in there by my fingernails and it paid off. +4.7 (eventually kicked on down for a farther +14 or so). I'm telling you, Trader's Remorse has no place in this game!

GU +4.7

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 2:21 pm

Lol...time to sit on the sidelines for a bit - things are fast-and-furious scalping like this at the best of times but it's getting a bit mad now :lol:

GU T-60 Chart

Screenshot 2019-02-13 at 14.16.33 - Edited.png
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 2:25 pm

Having said that, there was a perfect entry off the rejection candle that you can see here. That would have brought in about +6.

GU T-60 Perfect entry (not taken - just for info).

Screenshot 2019-02-13 at 14.22.11 - Edited.png
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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Wed Feb 13, 2019 2:27 pm

Yep, it's all out of steam for now. Time for a brew!

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 14, 2019 8:05 am

'Morning all.

We're looking at another set-up forming on our GU chart.

GBPUSD H4 Setting Up Short

Screenshot 2019-02-14 at 07.27.31 - Edited.png
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Wide View

Screenshot 2019-02-14 at 07.30.51 - Edited.png
Screenshot 2019-02-14 at 07.30.51 - Edited.png (63.8 KiB) Viewed 312 times


As you can see, we have a meeting of lines-in-the-sand, with price approaching the ma, the micro 23.6 and all taking place under the cloud.

Now, things to consider. This move has been going on for some time now. Are we due a turn? I am a little concerned by the fact that the last low mark was in fact a higher low.

We are below the pivot but today's pivot is above yesterday's.

28937 would be a nice pull back level but whether that's just too far, we will have to wait and see. If we did get there, that at least would give us a reasonable amount of room to give us some pips in the bag on even a smaller drop before any possible turn back - if that's indeed what is going to happen.

The major piece of info I am taking on board, is that on the Weekly Chart, although price is dropping, we are now bouncing on the 50 level. L-MACD is looking like a strengthening Short signal, with the U-MACD just flipping from Long to Short. That alone suggests a waiting game for the long term outlook at least.

Oh and to top it off - there is a cluster of red news due for the Greenback just after the US Open.

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Re: Lem's Big Box O' Stuff.

Postby LeMercenaire » Thu Feb 14, 2019 11:56 am

Well, folks - we got it. +50 pips or so drop.

GBPUSD H4 Short move.

Screenshot 2019-02-14 at 11.46.39 - Edited (1).png
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Detail. (Note that I have moved the micro-fib down to the new low now.)

Also note that we have already had a reaction to the Z-Line that formed.

Screenshot 2019-02-14 at 11.54.39 - Edited.png
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