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  #65362  
Old Jun 2, 2010 5:07pm
KissFan's Avatar
Can I get an Amen from the back row
 
Member Since Jan 2008
Default GBPUSD 4 hr

I like these. Anybody else see this one? Not the best time of day but O lookie here! an I4B (or should I say an I5B)just finished printing as I was making my comments on the previous 4 hr bar. Weren't you all just talkin' bout those?

K.I.S.S.
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  #65366  
Old Jun 2, 2010 5:31pm
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Can I get an Amen from the back row
 
Member Since Jan 2008
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Quote:
Originally Posted by jarroo View Post
I'm with you Kiss-man.

So only take the long signal not the short of the I4B, correct?
That is what I am looking for. YES!

K.I.S.S.
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  #65388  
Old Jun 2, 2010 10:10pm
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Can I get an Amen from the back row
 
Member Since Jan 2008
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Quote:
Originally Posted by novice198 View Post
Noticed BEOB on the daily Chart. Closed strongly below Weekly and daily pivot levels and the last three bars.
Plan to trade this setup as per the chart.
Comments / critiques welcome.


Cheers
Novice198
Keep risk/reward in mind when trading this. Looks to me like a continuation bar from the weekly pin. Safe profit to be made to 1.0300 area (indicated in blue). However, where does it make sense to get in? If you were to set entry on a pullback to say, the 40 ema on the 1 hr chart then you would have about 1/1. This is just a suggestion. Personally Ill pass. I would have rather been in this move at the break of the weekly pin. I missed it altogether so too bad for me. The daily BEOB is tempting but Id be a seller of UCAD if this bar were at a swing high. Right now I only see a risk 4 and reward 1 if I want to take full advantage of this bar and that just doesnt do it for me. Food for thought my fellow trader.

Best to you.

K.I.S.S.
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  #65459  
Old Jun 3, 2010 6:42am
KissFan's Avatar
Can I get an Amen from the back row
 
Member Since Jan 2008
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Quote:
Originally Posted by jarroo View Post
What's that line from the movie Trading Places . . "Looking good KissFan." "Feeling good Jarroo". lol. Free trading now.

Nice Trade Roger.

I thought I saw Dale ealier. I'm sure he liked it as well.


Jim
I took full profit at the 38.2 ext of the break and now watching for some more PA long. (This was no genius at work. I was asleep when it hit my first target so I just got lucky for once). We might get something interesting with ADP this morning. It seems it has been a while since that report was a market mover.

K.I.S.S.
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