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Think I am going to let mine run and set a stop. Based on the 4 hr I am thinking the 5.48 area is possible.
Took an EJ & EU long off the bounce off the bottom trend line, already in the money.
Yep, they are irritating. I have enough dinging at me without the chart making a noise every few seconds.
Whats you main time frame that you are using.
If it moves to 1.345 that will be a retest of that bottom trend line.
That would put you at the 50% retrace of the last move north if it does.
This one looks headed lower, possibly the 1.335 area.
Has any one noticed that for example the EMA 62 for think or swim is not showing the same as the Oanda MT 4 platform. On Oanda the price is showing below the EMA 62 on the daily and on TorS it is showing above, something weird going on here.
Amazing how all that ties together huh!
My target number was based on the 62 ema on the daily and guess where it bounced?
Well EJ hit my original target, only problem is I left the party about 200 pips to early. That really sucks!!!!
Nope, gave it a try on stocks and it did not work out very well.
I am using the 4 hr and daily only now. Keep getting burnt with the shorter time frames.
Hey SG, Been messing with the 5 and 62 ema cross, added SC's HA lines and that was what I was needing. It appears to work the same way as what you have here but the 5 ema takes some of the noise out of it. First trade would be 5 ema crossing HA lines, second trade is 5 ema crossing the 62 ema which seems to be the most powerful move.
GCad looks headed to 1.662.
Agreed, I think our nice little Japanese buddy is still at work but doing it quietly these days.
Thanks, playing with a small account and tight stops with this one.
Got it set up and giving it a try, short ACAD.
Its kinda funny watching it, it reminds me of stock days when you could tell it was being pushed. If it tried to take a break, they would not let it, they would just keep pushing till it broke out.
Looks like they are determined to push EJ higher here, no let up just a steady push.
It seems to be pushing on through the 4 hr supply zone here.
Looks like our EJ short is not wanting to cooperate. All the E's just went boom, which idiot is spewing nonsense now!
EJ just refuses to Die!!!
Looks like I blew it on EN, crazy thing is up over 300 pips from where I entered the first time a week ago and based on the daily it looks to be clear sailing for a while.
Pennies check out EJ, it appears it is moving up to test the bottom of the trend line before the fall. TIMBERRRRRRR!!!!!!!!!!!!!!!!
EN looks to be headed to about 1.618.
Joined you on GU, looks like the setup I am looking for, thanks.
ok, thanks. I thought I was seeing things.
You sure you are looking at EN, its trading around 1.64 area currently.
Bigger move down coming I think SG.
I missed it, but check out UCAD, hit the zone both on 4 hr and the daily and boom. Still took about 6 days to materialize on the 4 hr. Seems patience is the key with the zone trades.
EN looks ready to short here, 1 hr, 4 hr, and daily all lining up.
The 4hr and daily zones coinciding with each other is my cue, because others that I have tried even the 4 hr by itself has not worked out so well.
Another thing I have noticed with these zone trades is they are very slow to develop, especially with the 4hr and the daily.
Seems to me the best trades are when the 4hr and daily zones line up.