[fxThunder]

Originally Posted by Kiwi »

Emini,

I thought the method required at least a higher low and a high to break. What I see in that chart looks more like a knife, falling??

Hi Kiwi,

I saw a 123 develop on a lower timeframe at a big support level, hence I was ready to get long then.

The setup was similar to the posts by Thales just after yours - it did not work but I am certainly only considering longs here currently.

Cheers,
eNQ

EDIT:

Just saw the post by Thales now = thanks for your input guys, really appreciate it - that is the reason I am prepared to call the setups out here when I can.

[thalestrader]

Here is how the GBPUSD has been loking to me over last few minutes ...


Best Wishes,

Thales

[thalestrader]

USDJPY monthly chart view ...

Best Wishes,

Thales

[thalestrader]

EURJPY with a measured move target ...

Best Wishes,

Thales

[Marko23]

Target reached, got out too early.

[Cory2679]

Originally Posted by thalestrader »

By the way, what happened to Cory today?

I was out of commission yesterday. I'm back now.

[thalestrader]

6B came within a tick of my stop and is now on the plus side. The EURJPY trade I just took out back and shot for a break even effort. I also did the GBPUSD in the micro account, cam within the spread of knowcking me out there too but reversed. I closed it out for 4/10ths of pip. I'm geting a lot of slippage at FXCM again - up to half a tick over and above the spread, even on the EURUSD and GBPUSD. I don't mind slippage. It is a fact of life. But I decided to do the exact same trades in a demo account today, and the demo was filled on the stop exactly, but the live account FXCM took another 6/10ths of a pip on the entry.

In my next life, I want to come bak as an FX market maker.

Not a terribly pleasant morning so far, but you'll have days like this.

Best Wishes,

Thales

[Cory2679]

Possible EJ short...