Forex intraday T/A

[caribean]

Beautiful head & shoulders, plus TL break plus good fib setup..as far as technical signals go i don't think it can get better than this

 

[caribean]

...which i failed to trade,got a bit concerned about the news coming out, i've got so many examples of technicals predicting fundamentals, and yet i still fail to enter prior to a release... shorted the aussie instead...

 

[caribean]

Have taken a long on the swissy with a very tight S/L, anticipating a break out of the consolidation...if i'm proven wrong i'll be watching for a retracement
to a support level before i re-enter.

 

[caribean]

This has been frustrating to watch, it did give me 30 points, but i didn't take them, it bounced off my entry point several times, and finally i'm out -1 point
Ahh well....next trade

 

[caribean]

I posted a chart some time ago on the AUD/USD Monthly, (on another forum also)


It shows a good Gartley ABCD which is not complete yet (i think parity will complete it).
Now it might seem irrelevant to be posting a monthly chart, but i think it's very useful, and it has helped my intra day trading quite a bit...It shows the daily ABCD with a possible fib extension failure (double top?)


And finally the chart below shows a TL break with a test of the backside, note where the 261.8% extension falls...good fib convergence of Monthly, Daily, and the current ,4 hour, set up...

Obviously the current set up is not going to be a simple affair (if it turns out that way at all),there will be many intra day trading possibility's to the downside and also the upside.
Note the current down TL is not yet a correct one.
This post sheds a bit more light on the way i use TA, if you got any questions, or you also use Gartleys or just fibs, and you want to contribute , don't be afraid to post...
All of this is only my opinion, and certainly not a trade recomendation...

 

[>Apocalypto<]

Hey Caribean,

could be a 10 pip long setting up on the eur/usd 30min

 

[caribean]

Did you pick up 10 pips Ap.?...i actualy was sitting on a short scalp, but got sick of waiting so i'm done for the night, good luck, mate.

 

[Kauri]

Did you pick up 10 pips Ap.?...i actualy was sitting on a short scalp, but got sick of waiting so i'm done for the night, good luck, mate.

watch the stops under 104... on the yen
Cheers
............kauri

 

[Kauri]

watch the stops under 104... on the yen
Cheers
............kauri

104 folded... nicely... oppies taken out???

Cheers
..........Kauri

 

[Kauri]

104 folded... nicely... oppies taken out???

Cheers
..........Kauri

In my haste to get down to the local off-license to stock up before KRudd strikes I all but forgot about the ring fence put up around the .5's oppies... thank Fosters for robots..

Cheers
..............Kauri

 

[caribean]

In my haste to get down to the local off-license to stock up before KRudd strikes I all but forgot about the ring fence put up around the .5's oppies... thank Fosters for robots..

Lol...i wish i wasn't such a sleepy head...you were not wrong about 104...option barrier,definitely, it broke down just below it

 

[caribean]

I'm short the gbp/usd since about 19660...will se how it goes, it might be a fakeout.

 

[caribean]

Again, i didn't take the 30 points, got out at +3, i did have a target at 19600
but i wasn't prepared to go negative before it got there....

 

[caribean]

It's forming a bit of a triangle, and even though it's more ascending than anything,i still favor the short side (i'm not in a trade at the moment)

 

[>Apocalypto<]

hi fellas,

has been some great action on the Forex of late, my trading partner and good mate Wavepicker absolutely cleaned up this week to the tune of 200+ pips since Monday! hell of a effort and worth plugging!

to the chart. man great action on the eur/usd this week I am up but missed so much due to work and sleep.

see a declining price HA trend director going red so see if it develops. I am looking for a trend continuation but that don't mean i will get it. watching and waiting.

Good piping!

 

[>Apocalypto<]

regards to my above post got a long and took 13 off it bed time now.

this why i don't tell markets what tell should do i wait and make my plays off that.

i am a bar door!

 

[Kauri]

Have finally got my auto-robot running.. after a fashion... am trying to get position sizing tuned in now.. been quite a battle getting thus far..so far..

Cheers
.............Kauri

 

[caribean]

Good to see Ap., i don't know Wavepicker, but i've seen some of his analysis
and it makes sense to me, you're doing better than i, have been missing a lot due to distractions and hesitation.
Kauri, i don't know you that well, but i thought you'd be allergic to robots...
what's going, on have you signed up to the dark side?
Personaly, the only 'bot i 'd like would be the one that refills when you're empty, but then that would mean no more barmaids...lol, good luck with it.
Have got a nice bunch of traders together in my neck of the woods, it's good to get together and swap ideas every so often.

 

[caribean]

Anyone else tried shorting the Aussie? i'm holding on by the skin of my teeth

 

[caribean]

Out +14 points, Gold is showing a lot of strength, and the Aussie is just refusing to hit my target, a further 15 points or so...