Thread: Interactive Trading Setups Disscussion

EU CRAB PATTERN 1HR TF

EU 1HR TF - slowlybalm's libraryhttp://screencast.com/t/e9mO6mdxZJGhttp://

EU crab pattern one 1hr tf

EURUSD Update

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Have a great weekend!

[09:33:00] damilare: Nice drop on AU (y)
[10:19:57] marin.nozina: Free image hosting for your screenshots + free screen capture tool
[10:22:44] damilare:
[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

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?

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.

I think that euo is gonna push up one more time befor it tanks. Bob be careful with all your conformations. They bite hard.

@trademonster: agree, I also would look for 1 more push up, ... luckily taking vacations next week ;-) ... so do not care!