08-23-2012, 08:21 PM #711
good reaction, gartley:
08-23-2012, 09:42 PM #712
08-23-2012, 09:45 PM #713
EU crab pattern one 1hr tf
08-24-2012, 11:42 AM #714
Have a great weekend!
Last edited by 99er; 08-26-2012 at 02:24 PM.
08-24-2012, 03:58 PM #715
[09:33:00] damilare: Nice drop on AU (y)
[10:19:57] marin.nozina: Free image hosting for your screenshots + free screen capture tool
[11:58:27] damilare: Seems AU play well with a 4hr candle close above or below 144 & 169 EMA
[11:58:30] damilare: AU EMA CROSS OVER 4HR TF - slowlybalm's library
[11:58:38] damilare: CLOSER VIEW
[11:58:48] damilare: au 4hr tf ema - slowlybalm's library
[11:59:36] damilare: a 4hr candle has closed below EMA now for over 2 month now
[12:00:05] damilare: lets see if it will trhough play ought after discovery (y)
[12:16:34] damilare: see you guys next week and enjoy EU fall
[12:16:48] damilare: got to go
[17:30:51] ◄◄◄Rajiv Mittal►►►: true
[17:52:25] ◄◄◄Rajiv Mittal►►►: 2012-08-24_2122 - rajivzzz's library
08-24-2012, 09:45 PM #716
took a short based on the harmonic pattern+shooting star, i kept looking for more confirmation and saw that it hit monthly pivot, kept on looking for more and saw that the shooting star hit the 61.8 fib-im really new with fibs so i don't even know if i did it right but anyways.....the shooting star turn into a evening star(strong reverse signal)from what i understand its advisable to take profits at B or at least break even. my question for you more experience traders is since you have a strong reverse signal coming of the 61.8 fib and monthly pivot would you ride it it down further, where would you look to exit?
08-24-2012, 10:02 PM #717
theoretically more confirmations the better, but on the other hand in trading less is more...
I think you got enough confirmations for preety precise entry. As for the exit, i consider the Gartley pattern as correction (best if the first correction in a new trend) so impulse should follow from point D and price should reach at minimum the A point price level.
Many write about taking TP at B. Sure you will have better success ratio with such approach, but I do not find B point location any logical.
08-24-2012, 10:02 PM #718
I think that euo is gonna push up one more time befor it tanks. Bob be careful with all your conformations. They bite hard.
08-24-2012, 10:04 PM #719
@trademonster: agree, I also would look for 1 more push up, ... luckily taking vacations next week ;-) ... so do not care!
08-25-2012, 12:00 AM #720
thanks for your input guys, i left the trade open over the weekend-something that i never do but this one looked really good. i moved my SL locking in 5, hopefully it doesn't move much when markets open on sunday. i hope 45 pip is enough to survive all the way to London open