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lovejoy80 replied Apr 20, 2010Price Pivot Zone...it is a term used in J16 thread...meaning a zone which has acted as both support and resistance in the past
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lovejoy80 replied Apr 20, 2010couple good posts. Don't mind me when posting...even though the title is my journal...I don't mind people posting, in fact I encourage it...if it turns into a thread with people that like to trade in the same way that I do then all the better. ...
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lovejoy80 replied Apr 20, 2010Very true. Nice one on GJ... 1HR BEOB's forming on AU, Gold and the GJ looks like forming a DBHLC
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lovejoy80 replied Apr 20, 2010Arrows mark where this area has been has acted as support previously. Entered 0.5% short @84.20 and 0.5% @ 83.94 SL @ 84.50
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lovejoy80 replied Apr 20, 2010Another go on GU short... Pending orders on CJ, Gold and AU missed by few pips...hope they come back! short @ 1.5396 SL@ 1.5435 1%
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lovejoy80 replied Apr 20, 2010I wanted to short this earlier...but missed it on the news spike
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lovejoy80 replied Apr 20, 201084.30 looks better...might hold it for a bit...85 would be a better setup - more confluence Looking for a rejection of 92 on CJ and 1.0086 on UC ... if this lines up when Oil @ resistance then a definite good setup. Gold, AU, UJ all near pending ...
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lovejoy80 replied Apr 20, 2010Ahh I didnt have the PPZ on my chart just the future price dots...will have a play with it later.
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lovejoy80 replied Apr 20, 2010Here is another chart as an example from yesterday of a good touch trade setup Confluence of TL, daily PPZ and in between 50/61 fibs... I didnt take it but definitely should have.
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lovejoy80 replied Apr 20, 2010Looks good ... why play EU and U/CHF though? They are heavily correlated so just play 1 and increase risk?
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lovejoy80 replied Apr 20, 2010Yeah...just like the GU trade setup and look at the E/A setup Nasir posted earlier this morning. Where a falling TL meets a clear PPZ area with 50/61 fib confluence this is one of the setups I like (learned from Nasir and Rac). If you can have the ...
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lovejoy80 replied Apr 20, 2010where is second connecting point 14th April? The TL that was valid until broken was December - Jan - March highs i.e. a TL with three valid touches and rejections...moving the TL to touch the April high is curve fitting IMO and it only has 2 ...
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lovejoy80 replied Apr 20, 2010I dont trade this pair...but here is what my chart would look like. I dont like that TL and would prefer a falling trendline or a round number as further confluence...i.e. as much confluence as possible in order to take this....not to say it might ...
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lovejoy80 replied Apr 20, 2010I dont see a TL hitting this area? I see EU trading sideways between 13680 and 13280 with the best PPZ in between @ 13550 and 13410. The only daily TL I can see hasnt been meet yet. Also on the daily we have a series of 3 HH and 3HL's Just my ...
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lovejoy80 replied Apr 20, 2010Went long E/A...thanks to Nasir for pointing this out asI dont normally follow this pair intraday...but will add it to my list as it's worht having this pair...I've done a few trades on this pair in the past quite succesfully. Long @ 1.4487, SL@ ...
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lovejoy80 replied Apr 20, 2010I placed the trade on the way back down after the news spike...i.e. SL was placed above that high was formed...only difference in our setups was you were looking at 1HR and I was looking at 4HR from what I can see.
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