Best Thread Potential setups
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Waiting for the hourly candle to finish, but hoping for a good set up here, possible 2 pin bar forming.
Hopefully I'll be following you short shortly
rawrschach
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I'm in on the double top.
Technically Fundamental
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From someone who has seen the IG markets screen go white and freeze many-a-time i'd advise you to get a new computer if you're trading anything other than daily lol.
vinicius
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S/L?
Technically Fundamental
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This and BMXing. I used to be semi-professional. Wish I could say the same for my trading.
trader_dante
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I'm out of my Bund short for a scratch after the 11am IB held above an s/r pivot and price moved higher still.
That double top is going to get faked. I am sure I don't need to tell anyone that their stop shouldn't be a tick above
That double top is going to get faked. I am sure I don't need to tell anyone that their stop shouldn't be a tick above
One would imagine they are shorting a double top
It's actually touched it 3times now....... and looks very much like a noose, fancy putting your head in it?
trader_dante
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Can everyone stop looking at the Bunds - it's getting overcrowded!
vinicius
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I did already! Just waiting to get stopped..
artful_dodger
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Hi
Is there a setup in crude? Is appears that the price bounced off a confluence fib lines which were the 61% line from the $34 low to the $52 high..and the 50% line between the $34 low and the price where everyone expects it to go, $60 (which is the 23.6% retrace to last years high).
I am 13 pages through Dante's Making Money thread...so a novice
R
Is there a setup in crude? Is appears that the price bounced off a confluence fib lines which were the 61% line from the $34 low to the $52 high..and the 50% line between the $34 low and the price where everyone expects it to go, $60 (which is the 23.6% retrace to last years high).
I am 13 pages through Dante's Making Money thread...so a novice
R
Live on a farm, not a farmer though - use the land for events - so what do I do besides work....nothing... its all work! Trading is my down season income.
hehe
nothing wrong with having a go.... that's what this "game" is all about overcrowded......... DANTE! the bund is the most "crowded" market ever....... isnt it???
I know most of you guys have "risk on" positions running, just thought I could offer a different perpective.
10yr chart shows Pennant and a possible breakout to the upside
ES shows a breakdown through the wedge, a small bounce @ prev support which has now been tested from underneath (it is the high of the 1st hour of the US session I think).
10yr chart shows Pennant and a possible breakout to the upside
ES shows a breakdown through the wedge, a small bounce @ prev support which has now been tested from underneath (it is the high of the 1st hour of the US session I think).
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bbmac
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Gbpusd
Price breaks through the previous 1hr/4hr swing lows=previous support=potential sbr and 1hr descending res t/line from 2 x HL up from the current 4466 base (3fib cluster,) finding resistance at the 2 fib cluster shown on pic below (2 x fibs of swings down from 5066) The 2 x HL are visible on the 30min and 1hr charts as those t/f's are now in a weak uptrend. The chart below shows how the previous resistance at that previous potential sbr area may now act as support in the orange zone and there is a 23.6% fib of the move up 4466-4642 in that zone.
G/L
Price breaks through the previous 1hr/4hr swing lows=previous support=potential sbr and 1hr descending res t/line from 2 x HL up from the current 4466 base (3fib cluster,) finding resistance at the 2 fib cluster shown on pic below (2 x fibs of swings down from 5066) The 2 x HL are visible on the 30min and 1hr charts as those t/f's are now in a weak uptrend. The chart below shows how the previous resistance at that previous potential sbr area may now act as support in the orange zone and there is a 23.6% fib of the move up 4466-4642 in that zone.
G/L
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vinicius
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