Goldmine!

This is a discussion on Goldmine! within the Trading Journals forums, part of the Reception category; Hello again, Just noticed a minor adjustment in price's location to the fork lines. Do you see the shift from ...

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Old Jun 23, 2010, 4:49am   #136
 
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Did Price Change Direction?

FX4Newbies started this thread Hello again,

Just noticed a minor adjustment in price's location to the fork lines. Do you see the shift from the black fork to the teal fork? Could mean alot...only time will tell.

Added notes on chart...bottom right.

That's it for now until something concrete begins to happen.
Attached Thumbnails
did-price-change-position.jpg  
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Old Jun 23, 2010, 4:52am   #137
 
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Re: Your Eur-Chf Question

I asked Dave a question, then he answered it in my thread. Amazing! His EW matches with my methdolology again. I got in on the EUR/CHF at 1.3586--3 points from the bottom (not including spread).
That's even 16 points under my WS1-- nowhere to go,but UP.

Quote:
Originally Posted by FX4Newbies View Post
Exactly. I like seeing different approaches, but I know what works for me. Anyway, in reference to your question on EurChf...not a pair I trade. Also, I am not an Elliott Wave specialist (EW), just understand the principle of his theory. I drew a down-sloping fork and found that the price had just hit the ML, at which point anything can happen: consolidation, a turn upward or a bounce and then further downward movement. My other indicators seem to have mixed messages...an upward push from the 4hr and a possible downward move on the 1hr, which could mean a tug-of-war until somebody wins. If I were looking to trade this, I would wait for a more in sync entry...but that's just me...unless you are trying to scalp, which I don't think you are trying to do.

Take care,
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Old Jun 23, 2010, 10:52am   #138
 
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Price Made An Attempt At The Target

FX4Newbies started this thread Good Morning all,

Price made an attempt at the target, but didn't quite get there. If it fails to make the ML and breaks the L-MLH of green fork, it could be moving south again.

Only time will tell us.
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did-price-change-position2.jpg  
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Old Jun 23, 2010, 6:18pm   #139
 
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Price Failed: ML Target Hit!!

FX4Newbies started this thread Hello traders,

Hope you made some money shorting the EurUsd earlier today. The entry is marked on the chart. The target would have been the ML. Was not available to post this morning.

Plan to post again just before Asian session begins.

Take care,
Attached Thumbnails
price-failure...ml-target-hit-.jpg  
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Old Jun 24, 2010, 1:36am   #140
 
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Preview of Asian Session

FX4Newbies started this thread Hello Traders,

Just sharing my thoughts...hopefully the market moves tonight.

Be careful and follow your rules.
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Old Jun 24, 2010, 12:59pm   #141
 
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Price Inching To Target

FX4Newbies started this thread Good Morning,

Looks like price is inching its way to the target. If it can find support at the U-MLH, then I believe the market will push it the rest of the way.

Good trading to you all.
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Old Jun 24, 2010, 1:02pm   #142
 
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Price Inching To Target: View 2

FX4Newbies started this thread Just another look from a different perspective. Sell-off could be news related...still seeing bullish sentiment. Will watch.
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Old Jun 24, 2010, 1:03pm   #143
 
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Post 4AM EST Euro News

FX4Newbies started this thread Price sold off...will be watching for market sentiment changes, if any.
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Old Jun 24, 2010, 1:06pm   #144
 
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Turning Up After The News

FX4Newbies started this thread Hello again,

Just posting an update...

Shorted the fall that started around 1.2340...got in way too late...didn't follow my rules . Took a 6 pip hit . Looking to see if it is finally turning up.

NOTE: Trade was actually profitable, but I wanted more after entering late. Lost what I did have. Oh, the joys of trading.

Please see chart notes. Be watchful.

Take care,
Attached Thumbnails
turnng-up-after-news.jpg   turnng-up-after-news-view2.jpg  
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Old Jun 24, 2010, 1:07pm   #145
 
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Price In A Fight

FX4Newbies started this thread Price is in a fight...notice the long shadows. No chart attached but you should be able to see them on your live charts.

Time to wait for confirmation before opening a position.

Be watchful.
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Old Jun 24, 2010, 1:45pm   #146
 
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A Ring-Side Seat

FX4Newbies started this thread Just watching the fight between the Bulls and Bears...

Don't think I want to be getting in the ring right now

Did the whales show up?
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Old Jun 24, 2010, 2:09pm   #147
 
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The Worst Thing To Have...

FX4Newbies started this thread The worst thing to have at a time like this is an opinion. I think it is best to let the market make the first solid move.

Enjoy the break.
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Old Jun 24, 2010, 3:44pm   #148
 
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A Closer Look

FX4Newbies started this thread Just zooming in a little to the action.

Price finally started inching higher and hit a possible turning spot.

Still beware, whales are here.
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Old Jun 24, 2010, 5:00pm   #149
 
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Price Target Attained!

FX4Newbies started this thread What can I say...just love those Pitchforks! Perhaps the news brought the delay, but the price target was hit. Second chart shows a revised Pitchfork to account for detour.

The bullish sentiment prevailed.

Will try to post again by Asian session. It has been a hectic morning .
Attached Thumbnails
price-target-attained-.jpg   price-target-attained-closeup-view2.jpg  
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Old Jun 24, 2010, 6:09pm   #150
 
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Re: Goldmine!

Quote:
Originally Posted by FX4Newbies View Post
Hello Traders,

There seems to be a problem with the thread as none of the charts are showing. Have already sent an email to T2W. Will have to wait until the response comes in.

Attached are the last charts I posted. I hope they show.
Thanks for your patience.

FX4Newbies
I can see all your charts fine here. Maybe you got a setting changed in your profile to not show attachments or something
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