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- scott087 replied Oct 13, 2010
That was a beautiful setup...I missed it because I was position sizing and it wasn't coming out right. Next thing I know it took off on me lol...Here's my chart and thoughts on this setup. I'm not sure why, but I use this position sizer, and ...
- scott087 replied Aug 31, 2010
Hope someone else got in on this one too. After taking a bunch of marginal setups that didn't fully retrace or weren't in a good trend and getting burned, I waited for a clear trend and a full retracement to the mid-bb and 21 ema area. USDCAD 5 ...
- scott087 replied Aug 4, 2010
I took this USDJPY at 9:35 EST and wanted to have my stop to BE by news time. Mike did you take this too? With the positive news this morning I figured ISM was going to be positive and I was willing to hold, especially with the nice uptrend. Well ...
- scott087 replied Jul 12, 2010
2 Trades - 07-12-10 — Hi everyone, Here are my only 2 trades from today on USDCHF 5 minute. 1. BUOB - CT with very nice divergence. Fast winner. 2. Pin - off 21ema and mid-bb. The only con was that it was trading right into 1.06 but I was ...
- scott087 replied May 6, 2010
The USD/JPY Daily and Wheat weekly trades worked out very nicely. I believe the XOM Daily IPB failed lol. I guess my stop was a little too tight...maybe next time I'll have to use a wider stop
- scott087 replied May 5, 2010
Here is a pretty nice IPB I found on XOM (ExxonMobil) Daily. Sitting right on a very nice daily ppz, 61.8 fib of the last upswing, and RN 66.00. Good space, bar shape, and size too. I'm liking the location but it looks like the move down was pretty ...
- scott087 replied May 4, 2010
Anyone else in this 4 hour GBP/USD? I took this one on the break, it almost made it to the FTA but it didn't. Turned around and retraced hard into the pin and its down around 50-60 pips. If I were a touch trader the spot it's at now looks like a ...
- scott087 replied Apr 19, 2010
Hi guys, Its been a while since I posted, this thread moves so fast. As everyone mentioned before, there is a nice pin on USD/CAD Daily. To add to the confluences that were mentioned before, there is also hidden (reverse) divergence on the RSI. I ...
- scott087 replied Mar 2, 2010
Well it looks like I got the drop to the ppz at 1.51 I was looking for. The only problem was that it never came back up and retested the pattern break & ppz that I wanted to short from. Price broke through the lower ppz, retested it, and now broken ...
- scott087 replied Feb 28, 2010
Here is something I've been watching. Eur/Aud 4 hour. I'd like to get in on the huge downtrend and this little pattern formed and it broke lower. If this makes a clean pullback to the 1.52 area and retests the pattern with some nice PA I would ...
- scott087 replied Feb 17, 2010
I just wanted to give a quick update on these 2 trades from my last post. There are a few golden rules and core teachings of James16 which both came into play here and saved me from a loss both setups. AUDCHF 8hr pin... One of the core rules for ...
- scott087 replied Feb 16, 2010
There are a few setups on 4 hour, fxpro feed. I've made my decision I just would like some feedback on these. AUDCHF 8 hour pin. Swing high, divergence, big bar. Although the run up was strong it looks like it might be able to make it back down and ...
- scott087 replied Dec 13, 2009
I was considering this setup, but there are a few bar lows and a ppz right above around the 1.73 area. If this had a little more space above I would probably take it. I'd like to see what others have to say on this one. Scott
- scott087 replied Nov 24, 2009
Like Mike said, that bar is way too small to signify any type of movement down. Even if the bar were bigger, I'd watch out for the little pivot zone and bar highs/lows around .8980. These little areas can cause a bounce and give you a loss if you ...
- scott087 replied Nov 22, 2009
I don't really use trendlines that much but SC you are right on this one. I've also heard that the steeper trendlines are more prone to failing then those with a gentle slope up. The more time price tests an area, the more likely it won't hold ...
- scott087 replied Nov 22, 2009
I was looking at both of these and I like that they are with the trend and have hidden divergence, and also are off of the daily floor trader pivot (for those who use them). My main concern is that there isn't much space for them to run at all. With ...
- scott087 replied Nov 22, 2009
As I said in the previous post, higher timeframe signals are generally more reliable than lower timeframe signals. However, that doesn't mean you automatically rule out a lower timeframe signal. I'll give you an example of what I mean and I'll give ...
- scott087 replied Nov 22, 2009
Hi Concept, Generally higher timeframes take precedence over lower timeframes. So PA and other confluences on higher timeframes are considered more reliable. That doesn't mean that we automatically disregard conflicting signals however. These can ...
- scott087 replied Nov 6, 2009
Sometimes it seems like it can be weeks before an A+ setup forms on the daily forex. For anyone who is getting impatient, try taking a look at the futures (I use fxpro). This is Dec 09 Daily Wheat futures. Take a look at this setup..I think it ...
- scott087 replied Oct 21, 2009
For those more experienced in trading lower time frames...although I myself don't trade these yet. I want to make it clear for those who are new. In my opinion, THE ONLY reason why a trade like this can work is due to a killer location. Taking a ...