FX CHAOS!

[willoneau]

At BE with short positions on US500 and GBP waiting for targets to be hit or stops.

 

[andymac]

nice... i think your target looks good gbp, not sure about US

 

[Triple B]

Numb nuts here didnt check his 4hr chart today did he ! look where he was trying to go long BO into.
Late home from work and rushing see

 

[willoneau]

Funny that i was just thinking the opposite

 

[willoneau]

Numb nuts here didnt check his 4hr chart today did he ! look where he was trying to go long BO into.
Late home from work and rushing seeView attachment 90405

Be careful triple you can always find a reason why you shouldn't have taken the trade after the fact

 

[Triple B]

Yes but I didnt check the 4hr chart. 1st chart I look at is 4hr. didnt get the big picture, just saw the BO inside the 15min trading range and jumped on. . .... 1st rule is check 4hr chart 1st!

 

[willoneau]

Looking to take out 2670 and possible continuation down on the short side (US500).

 

[willoneau]

Yes but I didnt check the 4hr chart. 1st chart I look at is 4hr. didnt get the big picture, just saw the BO inside the 15min trading range and jumped on. . .... 1st rule is check 4hr chart 1st!

Ok so plan not followed and price paid

 

[willoneau]

Looking to take out 2670 and possible continuation down on the short side (US500).

Possible higher low at moment so tighten stop and lock in some profit.

 

[willoneau]

Entry long XAU 1223.5

 

[Triple B]

now I need to re think my outlook for the nights last trade.
Last trade stopped out . -1xr

 

[willoneau]

now I need to re think my outlook for the nights last trade.
Last trade stopped out . -1xr

If downward trendline gets broken, high were your trendline started would be my target.

 

[willoneau]

US500 trade working hard on 5min expecting to be stopped.

 

[Triple B]

Im expecting a mess if it hits the downtrend line after BO , not enough RR there with a decent size stop .
Either short off downtrend line or long if its broken quickly. 15min Trading range is now a minor issue.
Need a plan for the blue line as probably lots of orders to short there . Im out till price gets there or shows me somthing

 

[willoneau]

I'm long but wanting to tighten my stop at any excuse.

 

[andymac]

ok so was stopped out of gold short BE.
have a new short order sitting below the recent lo where there is a shelf of support. after a .62R of first leg down . this is my standard trend reversal entry.
have a similar order under AUD lo which has similar but weaker pattern to gold over last few days and took a bigger hit on that last spike down.
triple , playing with charts - 4hr gold - does it now sport one of those "pinbars" - last bar, that p2 like to play with?

 

[willoneau]

Exit XAU 1222.61,
126pips loss (0.5 R)

 

[willoneau]

US500 short and longs at war waiting to see who takes control.

 

[willoneau]

XAU re-enter long 1223.87

 

[willoneau]

Exit XAU 1222.61,
126pips loss (0.5 R)

should have waited for outside bar to close before moving stop up below it.