Week 12

[torero 10]

Looks like the confirmation of the double-bottom breakout is finally finished. Going long here. Target 9500.

 

[cowpip 10]

Looks like the confirmation of the double-bottom breakout is finally finished. Going long here. Target 9500.

 

I hope you/we are right. I was in this long from last Friday, but was kicked out after this last pull-back from 60 (on your chart). I re-entered at around the same time as you: currently long from 19, waiting to see if this has the guts to survive the American open.

[torero 10]

I looked like it built a good base around the 9400 area since Friday so we'll see if NY can take notice of it and stay above it.

[Anonymous 11]

Torero;

 

quick question- When does your trading day begin and end?

[torero 10]

Hi PP, I'm in and out throughout the whole day. But usually I'm in when London and NY opens as well as stock market opens until lunch time. Why?

 

Looks like I got unlucky with the target, missed by 5 pips :mad:

 

I'm still in, but that might change soon.

[torero 10]

5 min ago it was unlucky me, now it's lucky me . Market sure takes as quickly as it gives.

 

First target met, 9500, the other target is DB measured move, still alive.

 

 

[cowpip 10]

5 min ago it was unlucky me, now it's lucky me . Market sure takes as quickly as it gives.

 

First target met, 9500, the other target is DB measured move, still alive.

 

Torero, I took a long position on that huge pull-back pre-CPI news at 9439. That sure was a nasty pull-back, huh? I thought they had taken everyone out who had entered prior to the news with that drop. But it sure did provide a beautiful pull-back location for going long. Yes, it was a riskier entry given that it was immediately prior to the news, but sometimes you have to take those risks. And in this case, it paid off handsomely for both of us. Nicely done for hanging in there!

[torero 10]

yep, was unpleasant to see the drop and I was expecting to be taken out. Sometimes I'm amazed how technically disciplined forex is compared to other markets. So far so good, 2nd target is getting nearer. Good on ya, cowpip!

[Anonymous 11]

Hi PP, I'm in and out throughout the whole day. But usually I'm in when London and NY opens as well as stock market opens until lunch time. Why?

 

Just curious. There seems to be some charts that were taken during the slow Asian session (although not neccessarily yours).

 

I trade the same hours as well, but am transitioning to the YM. I think the hours are better. It also seems to be a favorite of the member of this thread. Plus, sister trades can be made via the ES contract.

 

At any rate I was just wondering.

[torero 10]

Yes I usually up 3-4 hrs before Asian session closes. I used to only trade eminis, not I'm doing both. I only trade ER2 emini in the afternoon.

[torero 10]

I accidentally placed this chart on a different thread earlier this morning. Here's the correct post (I hope). Now it's time to wait for the next pattern. Most like next week.

 

[Anonymous 11]

nice job. Keep up the good work.