Live Trades

Hi Forexmospherian

To me it looks as if it's going nowhere - stuck in a range.

Thanks for the wishes, but I can't stay in it any longer. I intended it as short time trade and that divergence should have played long time ago.

So out @ 7269 for +5
 
Fugazsy said:
Thank you for your live call.

Do you trade the one hour time frame?

Fug.
Click to expand...

No problem Fugazsy. You are welcome to post live trades if you feel like it.

I did this trade analysing 15m & 5m (with 2m or 1m for added precision when getting in and out). I was aware of 30m and 1h as well.

Should have closed it earlier as that divergence didn't work - pa has been stuck in a range for some time now
 
metrader said:
No problem Fugazsy. You are welcome to post live trades if you feel like it.

I did this trade analysing 15m & 5m (with 2m or 1m for added precision when getting in and out). I was aware of 30m and 1h as well.

Should have closed it earlier as that divergence didn't work - pa has been stuck in a range for some time now
Click to expand...

I see....this can go to 7238
 
Fugazsy said:
I see....this can go to 7238
Click to expand...

I would expect it to drop first to 7253 and then to 7238 (yesterday's high as you mentioned).

I won't trade it though - too annoying pa (maybe it's not the right time to trade it)
 
Don't normally do this sort of thing but put in an 80-20 sell order on the Dow. Just for a laugh.

(An 80-20 sell is a daytrade, taken a few points above the previous day's high if that day's range opened in its lowest 20% and closed in its highest 20%. The SB quote is already above yesterday's high so order already in. Acknowledgements to Connors & Raschke in Street Smarts).
 
metrader said:
I would expect it to drop first to 7253 and then to 7238 (yesterday's high as you mentioned).

I won't trade it though - too annoying pa (maybe it's not the right time to trade it)
Click to expand...

Well....you know your levels.......:smart:

on the hourly is making LL's and LH's, two are range bars soon after the pin, 7275 is acting as resistance atm, that is were bulls lost conviction and bears are taking a chance, prices might go back to revisit of 89..... today is Friday, it might not...

Have a great WE.

Fug.
 
tomorton said:
Don't normally do this sort of thing but put in an 80-20 sell order on the Dow. Just for a laugh.

(An 80-20 sell is a daytrade, taken a few points above the previous day's high if that day's range opened in its lowest 20% and closed in its highest 20%. The SB quote is already above yesterday's high so order already in. Acknowledgements to Connors & Raschke in Street Smarts).
Click to expand...

Nice one Tom, I like that strategy and I use it often, but my own version of it.......

From the same book the Pinball strategy is similar and uses an indicator.

Fug
 
Fugazsy said:
Well....you know your levels.......:smart:

on the hourly is making LL's and LH's, two are range bars soon after the pin, 7275 is acting as resistance atm, that is were bulls lost conviction and bears are taking a chance, prices might go back to revisit of 89..... today is Friday, it might not...

Have a great WE.

Fug.
Click to expand...

Which she did, shorted @ 87 and covered @ 40 as mentioned in my previous post as a possible target:

http://www.trade2win.com/boards/discretionary-trading/209020-live-trades-5.html#post2646012
 

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