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Man I wish I'd gotten in on that one. I only need 1 trade a week like that. WTG pennies
Yep AU completed the SL pattern almost to the pip, maybe went over a few. It hit that level and look at the long wick it created. I'm hoping it's ready.
That's nice right there pennies. I didn't get in that one. I ran to the store for a bit and when I got back EA was off and running. That's my luck you know.
And there's 7511...
Wow look at EA go!!!
Now for Jobless claims...
ECB rate decision coming
Here's the trade on the SL pattern that I took on NJ last night. Right now I'm nearing the first profit target midway through the return, which I just closed by the way. Reason being, when price created the pattern, it means the TDI created one as well obviously. Now the TDI was showing a nearly full completion which told me that price may not make it back at this point so I took the profit. Just my two cents worth.
AU had a little 30 pip spike down at about 3pm yesterday and overnight the pattern should've completed with the first profit target getting hit on the move back up to 7493. Now It could do a full completion and hit the second profit target at 7511 especially since from the 5min through the hourly, price is sitting right on top of the 34 EMA. The lower time frame TDI's are just about reset to 50. We're only about 26 pips away from that target anyways that the market could fill now or at a later point. So my initial long then short "flub" last night may have actually been correct. Lol
With UJ going down I'm not sure how that affects AU. I'll see I guess
Short UJ at 113.69 I'll see if I can steal a few pips.
True not to mention it's forming a nice HS pattern on the 15min as well. About 68 pips. Shouldn't be long now.
Absolutely. Here's what AU kinda looks like...
http://www.toddstrade.com/2009/12/spike-ledge.html
Hahaha not my intention. Remember though, if the spike is up then we short the move back down on the breakdown of the ledge and vice versa. I'm hoping NU forms a ledge after the spike down so I can buy the rally. It's taking forever though.
With my luck I probably could've gone long haha
Yeah I meant short, sorry. Lol
AU is stuck under the 34 EMA at the moment so we need a pop to get her moving
We'll get there pennies. We have the system in place. Long AU @ 7478
Yes that's where I got the 7511 return from which also lines up with my ADR high. Your point 2 on the FIB extension would be the stop in case of a failure. I'm long as well so we'll see. That's about 33 pips.
Haha. I knew you would find an advantage but you are absolutely right. I have taking profit to early but not because of the pattern only because of trying to secure profit
No problem pennies. Glad I can contribute something. It's frustrating to see it but can't explain it. Lol I think it will help us during the TDI wave counts as well.
Yes and from what I've been seeing the spike is usually 1-4 bars maybe 5 bars. But it's gotta be a strong push in one direction then the return is usually slow and methodical.
Midway of the spike would be the first initial target to take half the profit and the rest rides to near the beginning of the move
Yes they happen a lot. We get the strong move in one direction then the ledge as price tries to break the high or low. Then on the failure it retreats back to the beginning of the move. That AU looks to fit the bill especially after it looks to have committed to the move back upwards.
Thanks pennies. It's been racking my brain that I couldn't remember it so I've been hacking up the name but there's several more videos on youtube about it.
Finally found it pennies... it's call the "spike and ledge" pattern. Here's a short youtube video on it.
Yep scams just like most pennystocks. But hey, that's where I got my start so I can't complain.
That's about all they are good for. Yall have been trying to give those things away to no avail Lol
Haha I can't spend those anyplace. Lol
Sorry guys I get to be the 100th post of the day
BTW that Myfxbook layout is pretty nice. It exposes my lack of success a lot more than I wanted to know. Lol. My 54% success rate defined that though and basically treading water. Still getting a feel for it.
I understand. I can't count waves like that so you won't get any complaints from me. I do expect AU to touch around 7511 which coincides with your wave count though
Don't beat yourself up to bad pennies. We all are only human.
Took the 45 pips on EA spike. Flat at the moment but NU is looking tempting on a fade back to the top.
That looks nice pennies. I just signed up. Waiting on my confirmation email now. I actually trade exclusively on my brand new crash prone 19in HP all in one desktop and post on my laptop with a connected third screen 20in monitor. I may have to switch things up but that's cool.
Oh OK pennies. I think you mentioned that a time or two before I just forgot about it. I did it that way cause it's simple to get to just like changing charts and don't even have to leave the platform but I'll see if I can save the link and check it out. I'm sure it goes more in dept and may be better than what I've got. Thanks
It is Kirby. Those red days are painful to look at so I do whatever it takes to close the day green. If I look at a red day today then a red day the past 3 days and a red total for the week I'm miserable so I don't care if it's 20-30 pips as long as it's a green day I'm happy. Also gives me incentive to take profits when presented and cut losses short. Doesn't always happen but I try.
Nice. Apparently we saw the same thing coming.
Took 31 pips on UJ long. Probably left a lot on the table but oh well. Profit is profit.