Technical Templates

[bigdog]

Yesterday, took 3/4 off at first target, stopped out on balance.

Looking to short again today.

Note previous days high (PDH) has not been tested. A 1H close above the PDH would have me standing aside.



Q. Does forum etiquette suggest I should stop posting? I know the senior guys have gone, was hoping to keep this thread alive.

[Gator]

bigdog keep it alive !

[kipper]

Thought I might throw up a chart or two.......its been a while.....

It certainly has bigdog.
You're re-entering the front door as most folks are departing out the back

Q. Does forum etiquette suggest I should stop posting?

I don't think it's a case of etiquette.
As Joe & xerb commented last month, most of the regulars who pitched up, contributed & decided to adopt the generic and/or specific approach have established their regular routines & practices & are simply getting on with it.

If folks are singing off the same hymn sheet (which they should be) the background identification structure, specific entry set ups/triggers & the resulting bet management will be quite similar & more or less set in stone.
The only differences will be preferred individual styles & risk profiles.

The more experienced, confident & competent one becomes in the framework/structure, the less requirement or need exists for validation & forum exposure.
We all should be identifying pretty much the same background/foreground set ups by now....if not then it's either a case of revisiting the content to brush up on the process or concluding this style & approach isn't a comfortable fit for the individual.

[speedbump]

My trading uses the daily for direction and the 1H for entry.

If I quickly scan through my Daily timeframe menu the only obvious, standout pairs trading established trends recently which have tempted me in on (long only) hook plays are GBP/CAD & GBP/JPY.
For me anyway, the majority of pairs out there at the moment are either chopping between recent swing levels or transitioning from one cycle to another.

GBP/USD is quite similar in it's behaviour to EUR/USD at current levels where the Cable at 6110-20 is about to cancel out the recent (potential) bearish transition by pushing higher.
EUR/USD will break it's own bearish tone if/when it takes out the 3550 level, which is why from a Daily primary perspective I'm not trading the bearish tone on either of those.
However, from an hourly view I would definitely consider trading them from the long side triggering in via sub hourly hooks, especially since Tuesday onwards when EUR/USD held that day's lows at the 3375 area.
But that's just my own personal view using the structure from a different angle (which is what they've tried to encourage in all of us).

[Gator]

Ah every one is leaving? Too late to join in?

BigDog, trading H1s inside a D1 can be effective. My GU bias is long although it looks to be approaching an interesting area.

I'm still trying to sus out how to post pics here.

[visualxray]

Ah every one is leaving? Too late to join in?

Nobody is leaving as such, it's simply the regulars who have been around since the inception of the thread are done posting.
There's only so many times the repetitive nature of the approach & set up combo's can be presented before it becomes groundhog day.

Once you've found your groove with your own individual style based around the structure you're set to go.
The background/foreground set ups & triggers are there virtually every day of every week across multiple instruments, it's simply a case of molding it to suit your own style, risk profile & trade objectives.

Most of the guys weren't very active anyway & had low post counts, so it's not like it was a manic thread.
If you or others wish to chew the fat & share analysis etc then knock yourself out. It's an open thread, it doesn't need the other long standing guys to keep it alive.

[Gator]

Sounds good mate, from the brief perusal so far seem somewhat similar to what I've been doing. I'll give it a more thorough going over and maybe post some charts.

[bigdog]

Keeping it simple........I am only posting EURUSD charts. (Even though I look at them all).

I got stopped out on Fridays trade. The week trading the EUR ended slightly +ve for me. No harm done.

I am actually posting for those who are still finding their way to the front door....

This is how I see todays trading in the EUR. I use a 20 EMA on the daily chart only. I am still favouring the short side. However, a daily close above the 20 EMA will have me stand aside. A second consequtive daily close above the 20 EMA will have me looking long only. Thats just how I swing.



Today I am looking to short around 13470......how crazy is that..given the strength to the long side.

[Gator]

You're bearish, I'm bullish. I'm thinking possible longs up to around 3580 and then possibly up to 3680. I'm hesitant to make a call though because it's currently in an area of consolidation back in Sep/Oct.

I don't know how well this fits with the thread's methodology since I haven't read through much of it yet.

Seems I need to learn to resize images for posting, oops!

[bigdog]

No trade yesterday.

I am still bearish based on a daily outlook. Looking to short @ 1.3494.