Goldmine!

Discussion in 'Journals' started by FX4Newbies, Jun 2, 2010.

  1. Good Morning Traders,

    Price shot up and hit the ML target of teal fork. Just another example for newbies to this wonderful tool!
     
    #211     Jul 19, 2010
  2. Hello Traders,

    Been watching the Euro as I prepare for sending test signals this week...it has been trying to decide...am I going higher? See bullish sentiment on longer time frames.

    Have to step out though. Will see what the market gives.

    Take care,
     
    #212     Jul 19, 2010
  3. Hello Traders,

    Chart attached showing price found support...been looking for a while, then popped. Expect it to go higher.

    Be careful...confirm your entry if trading.

    FX4Newbies
     
    #213     Jul 20, 2010
  4. Hello Traders,

    Attached is the chart for the signal issued via email. Price failed to reach initial yellow target of earlier post. Did not find support at red U-MLH or green L-MLH. Trade was profitable for about 13 pips before losing steam. Became a sell around red line. Time-frame: M15.

    On to the next hunt.

    FX4Newbies
     
    #214     Jul 20, 2010
  5. Here is the earlier chart showing the price failure. Posted here for comparison sake.
     
    #215     Jul 20, 2010
  6. Got an email from a trader who made 10 pips this morning from the signal. The price did not make the target, which was a Price Failure. There is a specific strategy for dealing with failures in the Andrews methodology.

    If price did not hold at green L-MLH, it was downhill. Looking forward to the London Session. Still working on streamlining the process.

    Take care,

    FX4Newbies
     
    #216     Jul 20, 2010
  7. Market looks parked for the moment...a scalping session?

    Be careful,

    FX4Newbies
     
    #217     Jul 21, 2010
  8. Hello again,

    After much consolidation, price dropped further...bouncing a little, expecting it to go further south...possibly to 1.2750.

    Be careful with your entries.
     
    #218     Jul 21, 2010
  9. Just posting a chart update. Price hit target square on. Will post again during the London Session. Going to ML?

    Take care,
     
    #219     Jul 21, 2010
  10. Just a reminder, I will begin sending free signals on selected pairs next week for those who would like to sign up on my blog. You may google Pitchfork Goldmine. The information should be there.

    Take care,
     
    #220     Jul 21, 2010