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Post by bodring on Sept 22, 2015 13:18:12 GMT
My view on GU. If we a make lower low I expect the price to retrace to the upper zone and continue the move down. Only if we make a lower low.Attachments:
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Post by Admin on Sept 22, 2015 14:43:44 GMT
Hello bodring...I moved your post to this thread so we can have all past about the same market on the same thread...thanks for understanding.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Sept 23, 2015 18:11:06 GMT
Hello friends...I have been alerted to a better way to post images here on this forum that will help us all in a number of ways. If you all wouldn't mind to post your screen shots this way I would really appreciate it. When posting an image please do the following: If you have Metatrader: right click on your chart and chose, "save as picture" Select "active chart (as is)...or any of the selections you wish Check the box marked "Post image online..." Click OK If you have another trading software, go to app.prntscr.com/en/download.html and download their simple and easy to use screen capture. Once this is done you will be taken to the photo that is stored on the web...copy the image address and do the following: Click on the button (inside the forum post editor) "insert image" Paste the image address in the field "image URL" Then click insert image. This will help us in a number of ways...(1) it will make the images much bigger so we don't have to go back and forth between the image and any commentary (2) it will save storage space on those images that are not loaded to the forum...and this helps us stay FREE... Thanks for you help!!
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 8, 2015 12:55:28 GMT
New opportunity presenting on GBP/USD. While this market has been a bit "confused" lately, as I see it. Looking at the daily and intraday charts a clear area of balance has formed and now unbalanced. This zone formed at the bottom of a larger channel seen most clearly on the weekly chart. I have my orders lined up as seen here, and price is now starting to retrace back into the area where the buyers have overwhelmed the sellers.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 9, 2015 12:42:37 GMT
Update on GBP/USD: Along with all the other USD pairs this market is surging higher and doesn't appear to want to pull back any significant amount. I have moved the stop up on my first trade to lock in 100 pips, and will most likely move the stop up again at the end of today to the intraday swing low seen here...assuming the conditions are right. I have left my pending orders in place for the time being and will look for a retrace and trigger this coming week.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 12, 2015 13:00:53 GMT
Update: Looks like the daily chart is now trying to balance. Not entirely unexpected considering we are about midway through the larger channel. I have moved the stop on this long to lock 134 pips, and have left the two pending positions below to see if we get triggered on any retrace. Should price break higher, I think I will cancel the pending orders and hold the one position.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 13, 2015 12:15:14 GMT
Update: Initial long position was stopped out overnight for a 136 pip gain. Sellers have now pushed price back down into the area of the last balance zone and have triggered another long. I still have one additional pending order for long to be triggered which may happen later today or tomorrow
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 14, 2015 3:33:07 GMT
update: just one of the positions triggered...intraday charts have now closed above the high of the previous candle. I have moved the stop up to reduce the risk The position is currently 78 pips positive
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 14, 2015 18:46:43 GMT
Update on this market shows another "whoosh" candle forming with nearly vertical price movement. I have moved the stop up to break even and am expecting another pull back into the top of the most recent daily balance zone.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 15, 2015 12:24:06 GMT
Update: This market is starting to stall on an intraday basis and we are near the top of the channel, and has formed an intraday balance zone. I am anticipating another pull back down into the larger daily balance zone, and have placed a pending order there. The original entry is Break even with no risk at this point, so I will wait to see what happens... IF: price pulls back to trigger my pending order I will move the stop on both orders up to the swing low when it forms... IF: price moves higher out of this intraday balance zone, I will move the stop on the existing order up to lock in more profit and cancel the pending order.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 19, 2015 12:20:39 GMT
Opening day on GBP/USD has provided a chance to move my stop up on this current position to lock 200 pips. I have cancelled the pending order at the lower level. I also see that the daily chart is balancing now, and unless today brings a break of this level, we may start looking for price to fall back to the bottom of the larger channel seen on the weekly chart.
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 21, 2015 12:51:00 GMT
Stopped out on GBP/USD for a 210 pips profit
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gspajon
Order Flow Class
Posts: 152
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Post by gspajon on Oct 28, 2015 15:37:20 GMT
Hello All...Looking at another long opportunity on this market: Intraday charts just gave a long signal (counter trend) in an area where I would normally anticipate buying...at the bottom of a previous balance area...looking at the daily charts. I have placed a pending long order for a possible retest of the intraday balance zone...we'll see if it gets filled... coming up later today is FOMC meeting and interest rate announcement. It is widely anticipated that FOMC will do nothing to strengthen the USD via interest rates.
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gspajon
Order Flow Class
Posts: 152
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GBP/USD
Oct 28, 2015 18:39:41 GMT
via mobile
Post by gspajon on Oct 28, 2015 18:39:41 GMT
Well...that was QUICK!! Stopped for a 30+ pip loss. Quite the volatile move.
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