Best Thread Potential setups

[ilplusq]

Upcoming: EURUSD

The way I see it: price broke the Daily TL and opened the door to the upside. Where it may turn around:
- recent high of 1.3580 my be tested again, and there is confluence with 50% fib from December high. If it falls:
- the next big area marked yellow on the chart: 38.2 fib from major high in June 2008, which sits right on top of 1.3739 which was solid resistance in March and may hold again.
- just above it is 1.3882 - a strong weekly pivot, and there is confluence with 61% fib from Dec highs.

Chart: the dashed lines are levels which may become significant.

 

[2Tall]

As you will all know, I try to work out a game plan ahead of each day so I am fully prepared and have setups to focus on.

Here are the markets that I think are offering the best opportunities for tomorrow:

...

Good trading.

-Tom

Hey Tom, thanks for sharing. I must make more of a habit to actually write down what my plan of action is for the next day and week. Religiously sticking to a trading plan was a bit of a struggle when I started trading, but I am now much more obedient to my trading plan. If I can get into the habit of making a daily action plan, I think things can only improve.

I must agree with previous posts about this having become a thread of identifying pin bars, rather than potential set-ups; and I am probably guilty of that too :whistling

I think there would be much more benefit to all frequenters of this thread if people started or finished their trading day by sharing some charts with their ideas of SRs and TLs and which ones they are looking closely at, just like you have done in your post (bbmac is very good at doing this too, cudos!!!).

As an inexperienced trader I always find it interesting to see where the experienced guys and gals here have drawn their lines, and then comparing them to my own. As has been said before, identifying a pin bar is simple, it's all down to where they appear.

I will try and get into the habit of writing up a daily plan and posting it here for others to give feedback or laugh at

Have a good weekend.

Later,

Chris

 

[trader_dante]

im going long buy stop above wed high,bounced of daily trendline,rising trendline and horizontal support.

Now here is a man that is unafraid to fade daily pin bars.

Never thought I'd find one of those.

 

[trader_dante]

on usdjpy now. 30 min pin, also maybe likely becoming 1hr pin.
right on trendline support and at 50% retracement on the recent swing.
taking it. 30min pin is just 18 pips. potentially good r:r

30m?!

I'm short from the 2pm IB that broke lower.

Trying to get into this big daily H&S.

Not interested in Nicolas inverted one...

That might be to my detriment.

 

[trader_dante]

Who reckons Geitner has a spreadbetting account??
Everytime he talks, he moves the markets.
Every single time..........

spreadbetting is illegal in the US
if you don't know that then you have no business trading

 

[trader_dante]

The way I see it: price broke the Daily TL and opened the door to the upside. Where it may turn around:
- recent high of 1.3580 my be tested again, and there is confluence with 50% fib from December high. If it falls:
- the next big area marked yellow on the chart: 38.2 fib from major high in June 2008, which sits right on top of 1.3739 which was solid resistance in March and may hold again.
- just above it is 1.3882 - a strong weekly pivot, and there is confluence with 61% fib from Dec highs.

Chart: the dashed lines are levels which may become significant.

Nice clear chart with really good levels...good stuff dude.

 

[fifty2aces]

spreadbetting is illegal in the US
if you don't know that then you have no business trading

Not sure that would stop Geithner, given his apparent love for tax avoidance.

 

[2Tall]

The way I see it: price broke the Daily TL and opened the door to the upside. Where it may turn around:
- recent high of 1.3580 my be tested again, and there is confluence with 50% fib from December high. If it falls:
- the next big area marked yellow on the chart: 38.2 fib from major high in June 2008, which sits right on top of 1.3739 which was solid resistance in March and may hold again.
- just above it is 1.3882 - a strong weekly pivot, and there is confluence with 61% fib from Dec highs.

Chart: the dashed lines are levels which may become significant.

Hmm, you might want to double check some other charting tools. My SB charting tool and Pro Real Time do not show that spike around 23 December. My charts show that price broke the TL at the start of May.

 

[superspurs]

Now here is a man that is unafraid to fade daily pin bars.

Never thought I'd find one of those.

lol,got any views on fading PB,S.

ps im happy with my position,you probably know my view is taken off the weekly chart i put on geckos thread.

 

[2Tall]

Hmm, you might want to double check some other charting tools. My SB charting tool and Pro Real Time do not show that spike around 23 December. My charts show that price broke the TL at the start of May.

DOHH!!!!!!!
I take all that back, I misread my own chart

You are absolutely right with your chart!!

 

[elitejets]

Eurusd

Double top?
Or higher high
about to find out

 

[teojh]

sigh. cant believe im holding a eurjpy long before nfp instead of eurusd.
and the damn usdjpy is likely going down to form its H&S.

 

[welshman]

hello guys i m intereseted in what people thought sare on technical analysis
which companies you use and which stand out for value for money

 

[ilplusq]

Yesterday's EURAUD Daily setup - not for me, but still.

Yesterday's EURAUD: I see another (short) leg up. The price was rejected forming a weekly pivot at 1.7423, resulting in a Daily pinbar (hasn't triggered yet). However, I see a limited upside for this setup: recent resistance @ 1.7986 is begging to be tested from below, and the dashed "semi-TL" may become a real TL. Therefore I will pass on it. Anyone shares this view?

-Ilya

 

[2Tall]

hello guys i m intereseted in what people thought sare on technical analysis
which companies you use and which stand out for value for money

Best company for technical analysis is your own company :!:

I don't think anyone here will advocate paying for technical analysis. If you are looking for info on charting SW, then I think you don't really need to be paying for that, there are plenty of free charting tools. ProRealTime is excellent and free for daily EOD prices. Quite a few people here use Matatrader, but I have no experience of it. You can also check out charting tools that are offered by the various SB firms.

 

[foredog]

Not interested in Nicolas inverted one...

So maybe those rumours about you are true.............

 

[elitejets]

So maybe those rumours about you are true.............

I think Trader_Dante's mistress is the markets ...

 

[foredog]

I think Trader_Dante's mistress is the markets ...

And she has him on tap, 6am to 10pm and quite often in the middle of the night too apparently

 

[bbmac]

gbpusd

Price has entered the previous swing hi=previous resistance=potential resistance zone on the Daily chart after a strong post NFP move up in gbpusd. There is a 23.6% fib of the total recent 2.1162-1.3505 fall at 5300 area in that wide zone.

 

[firewalker99]

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