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I've got my pips from NJ so I'm fine. I can put a second set of correlated candles on the chart at the same time but I don't want it too crowded. May post one just show what it looks like.
Yeah set and forget it pretty much. I have to zoom out to super small to see the pattern you were looking at. Automatically goes to a bar chart it's so small. That's probably why I missed that. Lol
True good point
Haha. I'm glad I closed it then cause I was way off. I was expecting a small retrace then a 250 pip move topside. That's probably not much on the weekly but risky otherwise. I'm glad you're in it though and you can get a ton for cheap. Lol
Sounds good
That finally printed a higher high on the TDI but long after I let it go. That was a bad entry for me but thanks to NU and NJ I've already recovered and exceeded my losses.
Good idea cause if it follows NJ then I'm not sure which way it's going. Maybe one is held while the other catches up or NJ pattern becomes invalid. Who knows?
Need to break .7637 support though
I agree. I've scored about 30 pips on the same move by scalping but I'm holding this time for the larger move you suggested there.
Yeah Jav. I think we all see the same thing but use different indicators to arrive at the same conclusion. Notice that the bollies rule of lower highs in relation to the bands coincide with the corner trade of the blue forks? Both are bearish. You have the chart pattern of the three lower highs (three mountains) or whatever the name for the day is which also indicate bearish sentiment. The angle of the blue forks indicate bearish direction with moderate pressure but the tightening bollies indicating momentum is building. A short would be the way to go but the market goes where the market wants so I've learned.
Naw you would have to switch back to minis of .01, .02 etc... onto .05 for half lot then full lots. Some people/brokers differ on whether a full lot is 10,000 or 100,000 units. It was just easier for me to use .1s and 2s
I expected to see a big bearish candle by now on NU. 30 min bollies getting tight though.
Yeah that's what I was looking for. Just the ease of entry/exit from one chart. When I first started trading it was on MT4 and that's what I got hung up on. The other platform is nice too but I stuck to what was familiar to me.
When I first signed up with Oanda I used the MT4 version for plotting and just the reg platform to enter trades cause that's what I was used to. Now I'm just strictly MT4 cause it's easier.
I'm hoping NU is getting ready to print a Doji here on the 4hr..
I'm strictly OANDA MT4 except on occasion to verify price through independent source. I also use the mobile platform when I'm working to check in on positions.
I've also seen differences in the OANDA platform and it's MT4 platform. Every so often I have to pull up an independent source to verify the actual price because they were so far off. I hate mixed signals and sometimes the two platforms give me that.
Naw your TDI is good.
It also hit 65 on march 25th but only dropped about 280 pips so I'll take it as long as I'm on the right side of it.
60.3 to be exact. I was referring to it being high in the range for the base line meaning a big move down was imminent. It's not maxed but higher than it was on march 3rd (55) when it dropped over 400 pips. I should've clarified that.
And yours are different on the MT4 platform?
Yeah Jav. Mine are default settings
Hey Pennies. One promising thing with NU is that the 4 hr TDI market base line is about to hit max at 68. The last time it was that high on March 4th, NU fell over 400 pips and the base line is higher now than it was then. We may even see a big bearish candle soon. Yeah I'm definitely short.
Now short NU at .7686 just under resistance.
I'm now sorry I started that Goodman video. It was painful and lost me completely. Think I'll switch to learning Spanish. Geez
Just youtubed Goodman wave theory and 2 min in I'm already confused.
And I'm out NJ for now. It's finally showing some weakness. I need to see a retest of 91.76 to make sure it holds up
Hahaha... I still haven't jumped back in NU short yet.
.7719 area is tough resistance that took 9 tries and 96 days to break. If Nu breaks it to the upside then it's not coming back down anytime soon IMO.
And the NJ supply zone magically disappeared. Up we go. The next major one isn't until 93.69 daily
Good idea Pennies. Take the pips and run. My NJ long is doing nicely but a pull back is due I think. A base is needed around 91.80 resistance turned support.
The rounded tops I was looking at earlier were actually the handle formations. That's why I should've scaled out to higher time frames.. I got a much clearer picture.
I don't doubt the key levels to scalp on the way but this is the overall pattern on the pairs that I was referring to including EU...
http://www.investopedia.com/university/charts/charts3.asp
Most of them are a 2/3 of the way complete but will take a little more time. It's like watching paint dry. To scalp them may only yield a few pips here and there. IMO of course.
Looks like you're going into scalping mode Pennies. I think the overall trend is a bearish correction with that rounded top. Any bullish rally is temporary IMO. NU could slowly grind down to .7497 give or take which is the rim of the inverted cup and handle pattern.
AU,AJ,NU,NJ are all showing a sloooow inverted cup and handle pattern. Might as well lock in a position and check back later.
Well said Pennies
Everything is kinda creepy crawly today. I'm only able to steal a few pips here and there