Best Thread Potential setups

Status
Not open for further replies.

trader_dante

Well-known member
Aug 18, 2005
4,535
1,472
173
www.trader-dante.com
#1
I wanted to start this thread as a place to examine the high probability reversal or continuation points in different markets so that traders can look for confirmation in the price action.

I firmly believe that by being patient and waiting for the market to come to you and then only entering the market at these pivots a trader will put the odds significantly in their favour.

Here is one that I have been watching closely for several days now.
 

Attachments

superspurs

Well-known member
Jul 30, 2004
618
138
53
#5
hey jonj where you been
 

superspurs

Well-known member
Jul 30, 2004
618
138
53
#6
here is the setup im watching,either take the break below 5279 or a retest of the bottom TL of the triangle,what do you reckon
 

Attachments

Last edited:

Ljr

Active member
Jan 15, 2008
249
26
38
#7
On USDJPY I have a Daily S/R pivot drawn at 10580 which means taking the 1H pin would be shorting directly into resistance. I know these are not exact points but rather 'zones' but it is a bit concerning
 

superspurs

Well-known member
Jul 30, 2004
618
138
53
#10
jonj,zoom out it is the right shoulder of a h+s pattern,good luck
 

jonj

Active member
Feb 23, 2007
401
9
28
#11
jees wen i started my last post there wasnt a single post!!!
hi superspurs,late nite ;) nice trade u got goin on the cad!!there is defo something to be said for the longer time frames,i am getting more and more attracted to the 4 hour charts latley,they seem to be much more reliable and like u say it also gives the time to look across the board for the best setups.large stops though eerrgghh!! :)
 

jonj

Active member
Feb 23, 2007
401
9
28
#12
superspurs you could be right ole chum,it looks better on the 4h(also a pin forming).it kind of looks like a second shoulder,not sure if this is allowed for the h+d,puts me off a bit anyway,but like the pins
p.s. whats your chart of??i cant read it
 
Last edited:

superspurs

Well-known member
Jul 30, 2004
618
138
53
#13
jonj you might well have large stops but i think you will find your win % will go up and therefore you will get stops hit less
 

superspurs

Well-known member
Jul 30, 2004
618
138
53
#14
superspurs you could be right ole chum,it looks better on the 4h(also a pin forming).it kind of looks like a second shoulder,not sure if this is allowed for the h+d,puts me off a bit anyway,but like the pins
p.s. whats your chart of??i cant read it
eu/us daily
 

trader_dante

Well-known member
Aug 18, 2005
4,535
1,472
173
www.trader-dante.com
#15
Soybeans

For those of you that like to play your breakouts, Soybeans has traded into a strong daily resistance and the 61 fib of the major swing. We have broken out in electronic but the liquidity is low so it remains to be seen how this will move when pit trading comences.
 

Attachments

Status
Not open for further replies.