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Ok check with in the morning....
I missed those days. I don't have cable so I watch the "MeTV" channel that has all the old shows....Hogan's Heroes, Andy Griffin, MASH, Happy Days, Taxi,Columbo etc. Reminds me of those times. Unlike the garbage that's on today.
Yep. That's why I only took the bounce( only the reaction from the area) wasn't looking for a new high.
Looks like AJ created a supply zone on the 5min. Could push back down to 80.90. Glad I took profits
Ahhhh! Memories of the old A-Team. Those were the days. Lol
Yep and if you go to the weekly, you should see price right above a nice demand zone.
Absolutely. Even though the smaller time frame was a weak zone, it coincided with a higher time frame fresh zone. I actually entered with a half lot and laid back.
Well, I can't look at too many so three is good enough for me. I know you're going to bed so we'll chat tomorrow.
Thanks Jav. I actually added the multiple charts which I think was your idea. Should've been a no brainer for me but it helped when all the zones lined up nicely. Off to the next trade.
Good night Jav
The 4hr was the one actually retesting the fresh zone. The rest fell in line with retest of their own zones. The stars aligned and I took it. I think 81.89 is still in play
Lol Thanks pennies. I took the trade due to the 5 min, 30 min and 4hr all lined up in the same area. Low risk actually IMO.
Closed AJ long @ 81.66 for 44 pips. Left a lot on the table though. Target near term was 81.89
Looks like those zones are working out nicely at the completion of the spike patterns huh pennies. Lol. Long AJ @ 81.22 just above a weekly zone.
UJ is nearing completion of a monthly spike zone right at 110. I probably wouldn't hold either. Although is has broken below a 255 pip weekly consolidation area which would take it down to the second spike area around 108. We shall see though.
Exactly pennies. The first profit targets (or at least breakeven) are actually at the 50% because they may not complete right away. Once price breaks and closes beyond the 50% threshold, then we can look to full completion of the pattern.
Just completing the spike pattern pennies.
Yeah pennies I'm not really looking at the patterns. I may block those out. I'm just looking at the Fibs and extensions from leg to leg and looking for confluence with the zones.
Lol. Sad Kirby but true. It all rolls downhill. I try to wait for the stars to line up but the itchy trigger finger gets me every time. I'm getting better though. I like NU and NJ most of all.
Yeah unless you like trading blind then you at least need that
Just looking for confluence
Absolutely. I'm guilty of the indicators big time. Actually, I just put the Zup back on some of my charts. Now that I know what to look for, that thing has a lot of info in it. At first it was just lines and seemed useless to me but it does have Fibs, zig zag, and extensions, harmonic patterns etc.
I hope so cause we gotta a leg up with all the combined knowledge here
We're all still learning. We'll get there though. Just think, there's a newbie out there that's gonna make the mistakes that we made and we get to take their money. Haha.
I haven't margin out since I've started in Forex but I started small and built on it in time just like adding to a savings account while I'm learning. So I don't have the massive losses like most people when starting out. It still owes me too though.
I got hurt quite a few times so yeah I agree.
When it comes to AU, I've been starving. That greedy #@$%* has been taking everything from me.
Sorry Jav, AU finally went in my favor even if it's only 10 pips so I'm hoping it doesn't go back up for you. Lol.
Yeah I have a ton of indies from there. Good to look at but I need one that actually works. So they are sitting on the shelf lol
I had one that I got from Forex Factory but I'm gonna try to find another one or just remove it completely. They lag anyways plus there was news so I'll forgive it this time.
I had a third position on AU but closed it to minimize the risk cause I expected a move back topside. I tend to do that as well. Oh well, such is trading.
Oh there was AU news...Lol
I was looking at that as well pennies but that spread scared me away
I'm in and ready but you know how my luck goes with AU and apparently UJ has a target between 111.81 and at 111.70 that it needed to hit as well
No I was talking about support. Rejection bars tell exactly where the nearest one is usually before breaking through it. That's my story.....
Yep I figured 7564 but that was before the this turn around.
AU 4hr rejection bar. Hopefully finding support
UJ is doing the same. I should've waited but it's all good.
Yep completing the spike