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Open House (Shared screen with speaker view)
Pablo Orellana
07:14
gOOD MORNING
Steven Fassler
35:04
What up ProAct Trading Peeps?
Georgia Konidari
36:05
Good morning, everyone :)
Steven Fassler
36:43
And your Pip for, free?
Steven Fassler
37:08
This is work, for sure :o)
Steven Fassler
38:01
Good morning Pablo - Chart Meister extraordinaire ;o)
Steven Fassler
38:50
NO
Raffaele
38:53
Yes and we can see your screen too
Steven Fassler
38:56
sometimes yes
Steven Fassler
39:03
so today, yes
joao carretas
39:03
gm, how are ypu?
Steven Fassler
39:16
but not when I am making coffee
Steven Fassler
39:21
or in the bathroom
joao carretas
39:30
fine
Steven Fassler
39:31
You sound better dude
Steven Fassler
39:43
I am emotional, so I am not trading, just learning
Steven Fassler
40:04
Si
Steven Fassler
40:24
I think the EN broke out to the upside
Steven Fassler
40:29
Awesome!!!
Steven Fassler
41:12
FX options expiring at the 10am New York time cut on Thursday 21 June 2018
Steven Fassler
41:14
EUR/USD1.1450 EUR 603m1.1525 1.2bn1.1550 1.8bn1.1600 1.2bn1.1625 2.2bn1.1735 642mUSD/JPY109.50 541m109.80 380m110.00 733m110.30 630m110.50 501m110.65 553m110.75 1.0bn111.00 567mGBP/USD1.3200 GBP 245m1.3205 916mEUR/GBP0.8775 365m
Steven Fassler
43:21
Level?
Georgia Konidari
43:59
Rising wedge?
Steven Fassler
44:01
Exaustion Wick
Steven Fassler
44:24
Div
Steven Fassler
46:30
Symetrical Tri
Steven Fassler
46:45
Indecision
Georgia Konidari
47:40
Looks like a huge bear flag?
Steven Fassler
47:46
Si, we see
Georgia Konidari
49:08
They might get it and then drop?
Georgia Konidari
49:28
Looks like an ABC to the SU
Steven Fassler
49:39
Below Support
Steven Fassler
49:53
LL LH
Georgia Konidari
50:55
Triangle?
Georgia Konidari
51:36
Pablo, I have sells at the top, when is the invalidation level?
Georgia Konidari
51:54
I mean I am waiting to see if they are going to trend
Steven Fassler
51:55
si
Georgia Konidari
52:15
Thank you
Steven Fassler
52:47
Maybe
Steven Fassler
52:51
55 or more?
Georgia Konidari
57:05
div
Steven Fassler
57:20
Pablo, At the end of rhe London Room, can we go over the difference between Left Behinds and Square ups, and how to use them?
Steven Fassler
57:46
Gracias :o)
Steven Fassler
57:56
Whoo Hoooo!
Steven Fassler
58:10
I got Pillow Perm too
Steven Fassler
58:15
:o)
harvey s
58:58
will you put on make-up when you're on camera?
Steven Fassler
01:00:09
You need your Captan Pip costume
Georgia Konidari
01:00:25
Then a drop?
Raffaele
01:00:55
W8
Raffaele
01:01:12
Could be a C wave to go above?
Raffaele
01:02:12
We’re about to go back down :)
Steven Fassler
01:02:23
We saw that one in the NY room and Scott said this pole was not a good idea as it was too short to the Square Up
Steven Fassler
01:02:28
Sell
Steven Fassler
01:02:36
ABC
Steven Fassler
01:02:40
Easy as 123
Steven Fassler
01:02:44
ABC
Steven Fassler
01:02:46
123
Steven Fassler
01:02:58
Baby you and me
Steven Fassler
01:03:01
ABC
Steven Fassler
01:03:05
Easy as 123
Steven Fassler
01:03:12
Love it
Georgia Konidari
01:04:33
Yes
Raffaele
01:05:17
Yes and praciticing patience ;)
Georgia Konidari
01:05:32
WOS
Steven Fassler
01:06:36
Are you saying that if we have no other fib to trade to, and the ATR is too little, we take the next even number as a target?
Georgia Konidari
01:06:46
A lot of patience, Raffaele ;)
Raffaele
01:07:17
Yep Georgia :)
Steven Fassler
01:08:08
Can you put on the Pat Projector and see where the ATR can go?
Steven Fassler
01:08:29
It's possible, but not probable. Si?
Steven Fassler
01:09:19
To the fib
Steven Fassler
01:10:16
SI
Bill Jones
01:10:18
Often, during London trading, each pair moves either 55, 89, or 144 pips.
Steven Fassler
01:10:25
but no pole :o(
Steven Fassler
01:11:09
Are you saying that Bankers move the market in a Fibonacci Pattern Bill?
Georgia Konidari
01:11:10
Thanks, Bill, that's interesting to look into :)
Steven Fassler
01:11:11
:o)
harvey s
01:12:00
55, 89, 144 moves. Every day or just tues, wed, thurs?
Steven Fassler
01:12:04
Really? Using Math?
Steven Fassler
01:12:15
I wish they tought that math in shool
Steven Fassler
01:12:28
I never learned that in school or college
Steven Fassler
01:12:35
What's up with that??
Steven Fassler
01:12:44
I like math, but did not study well
Steven Fassler
01:12:54
I was getting high with the boys
Steven Fassler
01:13:01
and cutting classes
Steven Fassler
01:13:10
I had no direction when I was younger
Bill Jones
01:13:21
The USA went to "Common Core" because very few teachers know math. Raising a bunch of idiots.
Steven Fassler
01:13:24
Maybe I would have been a Banker
Steven Fassler
01:13:29
or a Big Boy
Steven Fassler
01:13:38
Growing Up in New York
Steven Fassler
01:14:03
That is me Bill
Steven Fassler
01:14:15
Idiot Extraudiare
Steven Fassler
01:14:36
You are also Visual too Pablo
Steven Fassler
01:14:56
In touch with your Artistic side
Steven Fassler
01:15:04
Really?
Bill Jones
01:15:17
Patron Saint of FX Traders: St. Upid ;-)
Steven Fassler
01:15:39
Build wealth and build wonderful support for the little kids with no family
Steven Fassler
01:15:54
That is more valuable than just drawing buildings
Steven Fassler
01:16:28
Exactly
Steven Fassler
01:17:02
What did you say
Steven Fassler
01:17:09
`Present?
Steven Fassler
01:17:13
Percent?
Steven Fassler
01:17:19
%
Pablo Orellana
01:17:36
Trascend
Steven Fassler
01:17:41
Transend
Steven Fassler
01:17:49
To another level
Steven Fassler
01:17:51
Si!!!
Melvin McMasters
01:17:51
transcend
Georgia Konidari
01:17:53
I think it's sc
Bill Jones
01:17:54
Trans - send
Steven Fassler
01:17:55
Very awesome
Bill Jones
01:18:13
= Going beyond
Steven Fassler
01:18:19
Oh, I bet you know about the Celestine Profecy
Steven Fassler
01:18:23
Good stuff
Steven Fassler
01:19:55
the 3 Musketeers show going down
Steven Fassler
01:20:58
Potential, going down
Raffaele
01:21:00
Break
Georgia Konidari
01:21:02
break
andre
01:21:15
macd
Steven Fassler
01:21:21
could be
Steven Fassler
01:21:56
Could be an ABC down as a wave 4
Raffaele
01:21:56
EJ on the move
Raffaele
01:22:42
I have a SLTL underneath the ABC. Waiting to BHG it
Georgia Konidari
01:25:46
Frankfurt headfake again?
Georgia Konidari
01:28:37
SLTL
andre
01:29:18
chf had a fundie
Steven Fassler
01:29:21
Normally we know the DB boys are moving the market as the move starts at 7 am London time
Steven Fassler
01:30:00
Good call Andre
Steven Fassler
01:30:08
I missed that one
Steven Fassler
01:30:58
Buy
Georgia Konidari
01:31:04
It looks like a H&S on daily
Steven Fassler
01:31:05
as it did a Bull Flag
Georgia Konidari
01:31:10
right shoulder
Steven Fassler
01:32:32
Can the wave count go from a 5 wave pattern, directly to another 5 wave pattern?
Mike Wild
01:32:37
ranging
Raffaele
01:32:37
Trending
Georgia Konidari
01:32:46
Trending on a higher timeframe to the downside
Steven Fassler
01:32:55
I don't like the middle
Steven Fassler
01:33:03
Not a clear Impulsive wave
Mike Wild
01:33:08
morning
Steven Fassler
01:33:12
Too choppy
Steven Fassler
01:33:37
Si
Steven Fassler
01:33:53
Si
Steven Fassler
01:33:58
Very clear
Steven Fassler
01:34:01
Garbage
Georgia Konidari
01:34:06
It just did a lower low
Georgia Konidari
01:34:12
?
Georgia Konidari
01:35:19
Yes
Georgia Konidari
01:35:34
Yes
Steven Fassler
01:36:43
Scott's idea, I just remembered to use it :o)
Steven Fassler
01:37:02
Si
Steven Fassler
01:37:05
55 p
Mike Wild
01:37:06
y
Bill Jones
01:38:30
I see a target for EA of 1.5626 (89-pips from 2am NY).
Georgia Konidari
01:39:27
Right shoulder too
Steven Fassler
01:41:22
Take 2
Raffaele
01:41:33
60
Raffaele
01:41:34
59
Raffaele
01:41:36
58
Raffaele
01:41:39
57 :)
Steven Fassler
01:41:57
Mmmmmmm Yeah!
Steven Fassler
01:42:38
Nice intermission music
Steven Fassler
01:43:00
Never would have thought Pablo was such a hard rocker
Sai Boonwaat
01:43:14
LOL
Sai Boonwaat
01:44:09
nice music Pablo :-)
Mike Wild
01:44:18
EJ on the move
Melvin McMasters
01:44:57
JPY is 'Getting Stronger' (ala Rocky)
Sai Boonwaat
01:44:57
BE on EJ, lol
Steven Fassler
01:45:12
Not easy to get borred with this music
Steven Fassler
01:45:24
but it is harder to concentrate :o)
Steven Fassler
01:45:30
Might get up and dance
Georgia Konidari
01:45:46
EJ GJ breaking, if anyone's iinterested
Melvin McMasters
01:45:50
make sure to cover your camera first, Steven
Georgia Konidari
01:45:56
NJ too quite surprisingly
Bill Jones
01:46:21
UJ turned down
Steven Fassler
01:46:35
Oh, I dance like a madman Melvin
Steven Fassler
01:46:48
It looks awesome when I shack my thing
Melvin McMasters
01:47:07
you might distract us to paralyzation
Georgia Konidari
01:47:18
Uj yes, after hitting my SL lol
Raffaele
01:47:45
Yes
Steven Fassler
01:47:47
SI
Bill Jones
01:47:55
Why the sudden move with JPY?
Steven Fassler
01:47:57
Oh, so you are NOT a rocker
Georgia Konidari
01:48:01
Loved the song, Melvin :)
Raffaele
01:48:06
Good taste Melvin and Georgia :)
Steven Fassler
01:48:28
SNB’s Jordan: Risks To The Downside For The Global Economy Have Increased
Georgia Konidari
01:48:39
If USDX drops, yen rises, maybe that's why
Melvin McMasters
01:48:59
That must have been Pablo's choice as I didn't submit it (I almost went for The Fixx - How Much is Enough, but was concerned about connotations)
Steven Fassler
01:49:07
Why would the SNB affect the EUR?
Steven Fassler
01:49:26
Let go!!!
Melvin McMasters
01:49:27
markets have turned downwards, so I think the JPY move is 'risk off'
Steven Fassler
01:49:30
Silly Dog
Steven Fassler
01:49:45
That is how one of my old dogs died
Steven Fassler
01:49:49
Chasing Cars
Melvin McMasters
01:50:31
Ah, The Cars - 'I Know Tonight' (my take profit is hit)
Georgia Konidari
01:50:32
GCHF also breaking
Steven Fassler
01:50:37
Was it the statement about Italy?
Georgia Konidari
01:50:39
Took it some time
Steven Fassler
01:50:42
Si
Steven Fassler
01:51:08
SNB’s Jordan: Political Uncertainty In Italy Has Led To Franc Strengthening
Steven Fassler
01:51:22
So the Euro seems weak with that statement?
Josh
01:51:42
wow
Steven Fassler
01:52:14
Was that a yes?
Steven Fassler
01:52:18
Or a guess?
Steven Fassler
01:52:22
:o)
Steven Fassler
01:52:38
the EU broke the bottom, but looks like a HF
Raffaele
01:53:25
Patience Pablo!!!
Georgia Konidari
01:53:34
Where's the emoticon with hearts in the eyes for EJ?
Georgia Konidari
01:53:36
:)
Steven Fassler
01:53:50
That is the toughest part
Steven Fassler
01:53:58
Discipline too
Raffaele
01:53:58
Can I push the button as a bad example for everyone? :)
Bill Jones
01:54:05
I want it right now
Steven Fassler
01:54:13
Disciplined Patience
Steven Fassler
01:54:18
LOL
Steven Fassler
01:54:23
Follow your rules
Steven Fassler
01:54:29
Have rules to begin with
Bill Jones
01:54:30
Practice
Steven Fassler
01:54:35
Uh,....
Steven Fassler
01:54:39
NO!!!
Raffaele
01:54:41
Make it a habit
Steven Fassler
01:54:46
I still don't want to go
Steven Fassler
01:54:50
Keep your word
Steven Fassler
01:55:07
But if you are NOT disciplined in one part
Steven Fassler
01:55:21
Are we NOT disciplined in other areas?
Steven Fassler
01:55:34
That is the challenge
Steven Fassler
01:55:47
To BE disciplined in ALL areas that matter
Steven Fassler
01:56:01
That is the current problem
Steven Fassler
01:56:20
GJ breaking too
Steven Fassler
01:56:46
The index is making new highs too
Bill Jones
01:57:45
My MA-Crossover just truned South on the EA. Target: 1.5626 by 9am NY.
Steven Fassler
01:57:46
We know that Sound
Steven Fassler
01:57:55
Oil is going down
Steven Fassler
01:58:01
Gold going down a bit
Steven Fassler
01:58:21
No trading for Margo and I. NO Poles
Steven Fassler
01:58:38
Went up strong
Steven Fassler
01:59:21
Wow, that CAR is right on the money
Steven Fassler
02:00:11
EN selling hard now
Steven Fassler
02:00:21
3 Muskets going down
Steven Fassler
02:01:04
Pablo, my 240 3 M looks very different than yours
Steven Fassler
02:01:12
can you put that back up please?
Steven Fassler
02:01:22
I do
Steven Fassler
02:01:35
I will send you a screen shot
Georgia Konidari
02:02:03
YES
Georgia Konidari
02:02:05
lol
Mike Wild
02:02:07
meeeeeeeeee
Georgia Konidari
02:02:15
what's the target of the day?
Georgia Konidari
02:02:35
Thank you
Georgia Konidari
02:02:40
126.81
Steven Fassler
02:02:48
I sent you my shot
Steven Fassler
02:02:50
EN
Georgia Konidari
02:02:58
Then we expect a pullback?
Georgia Konidari
02:03:03
Or a pole?
Mike Wild
02:03:20
Been play with the EJ since Symetry
andre
02:03:51
it was a bear flag
Mike Wild
02:05:44
EJ since 128.02
Steven Fassler
02:09:38
I found out what the issue was, I had my charts open from last night, and only the EN was not updated.
andre
02:09:49
at what point can u tell if a pair is rangeing or trending for the week?
Steven Fassler
02:09:59
I closed and reopend the charts and they look the same as Margos now
andre
02:10:21
thx
Steven Fassler
02:11:00
She is well
Georgia Konidari
02:12:36
div
andre
02:12:44
converg
Steven Fassler
02:12:44
Con
Steven Fassler
02:12:51
Not Clear Div
Steven Fassler
02:13:01
When it is even on the MACD
Steven Fassler
02:13:08
I would say .... Meh
Steven Fassler
02:13:10
Dunno
Steven Fassler
02:14:12
A Margo Pattern?
andre
02:14:29
at equilibrium
Georgia Konidari
02:14:35
So manipulated, I'm still amazed sometimes
Steven Fassler
02:15:43
that was a Square up too
Josh
02:17:17
bye bye EJ
Georgia Konidari
02:19:38
Looking forward to the song :)
Steven Fassler
02:19:40
Take 13
Steven Fassler
02:19:45
No 8
Steven Fassler
02:19:52
ok 11
Raffaele
02:19:56
Ok
Steven Fassler
02:20:01
LOL
Georgia Konidari
02:20:02
WIll need to leave soon, enjoy the rest of the session, guys
Steven Fassler
02:20:04
Burpees
Sai Boonwaat
02:20:07
EJ retrace now?
Georgia Konidari
02:31:56
Hey
Raffaele
02:31:58
And we’re back
andre
02:31:59
y
Sai Boonwaat
02:32:01
lound and clear
Georgia Konidari
02:32:01
NJ SU 76.60?
Steven Fassler
02:32:02
no
Sai Boonwaat
02:32:04
and screen ok
joao carretas
02:32:06
ok
Steven Fassler
02:32:41
Cant hear any more with that loud music
Georgia Konidari
02:33:09
GCHF retracing
Mike Wild
02:35:33
EJ Little retracement
Mike Wild
02:35:41
Yes
Raffaele
02:35:42
Yes
andre
02:35:53
rising wedge
Steven Fassler
02:38:27
Pablo, how can we trust the MACD when it still goes to target WITH Divergence??
Steven Fassler
02:39:00
We have not taken many poles, as they have had div, and they went to target.
Steven Fassler
02:39:05
Bummer I guess
Steven Fassler
02:39:51
Seems that lately it is really tough to get a pole with converence.
Steven Fassler
02:40:03
We have not had a successful pole trade in months
Steven Fassler
02:40:21
Must be us, I guess
joao carretas
02:41:39
Thank you , I have to go
Steven Fassler
02:41:43
We are not trading anything else, so it is discouraging, at the moment. This is the hard part of learning to trade.
Steven Fassler
02:41:51
Later Carretas
Steven Fassler
02:42:01
Trending Week
John M.
02:46:45
that move was symmetrical
Raffaele
02:51:22
Yes
Steven Fassler
02:51:28
Pablo, how do we know if a pair is in a Trading Day, or Trending Day? Is that mostly from what it has done so far in the Asian session?
Raffaele
02:51:58
Just below 1.1500
Steven Fassler
02:52:01
Is there a connection to the previous day or week?
Steven Fassler
02:52:30
I was referring to my previous question
Steven Fassler
02:53:04
Nothing?
Steven Fassler
02:53:26
Trading Week
Georgia Konidari
02:54:00
Which fundie?
Georgia Konidari
02:54:06
Today you mean?
Raffaele
02:54:11
It’s pretty much done it’s ATR
Mike Wild
02:54:46
No reason for a flag in the EJ
Mike Wild
02:54:50
?
Steven Fassler
02:54:50
Pablo, how do we know if a pair is in a Trading Day, or Trending Day? Is that mostly from what it has done so far in the Asian session? Is there a connection to the previous day or week?
Raffaele
02:56:31
Trending
Steven Fassler
02:56:32
Tending
Raffaele
02:56:45
But trend looks a bit shallow
Raffaele
02:58:10
The first one looked better
Steven Fassler
02:58:16
That looks better
Steven Fassler
02:58:25
I like it now
Steven Fassler
02:58:49
Div
Steven Fassler
02:59:20
say whaa? Strength?
Steven Fassler
02:59:27
The cable is lower
Steven Fassler
02:59:34
Weakness
andre
03:00:37
usd strength could be forcing it down
Steven Fassler
03:00:39
No Trade
Raffaele
03:00:48
No. Unless it’s a C in ABC
Steven Fassler
03:01:03
Too close to the bottom of the trend
Steven Fassler
03:01:20
1, 3, 5
Steven Fassler
03:01:32
Normally Choppy too
Mike Wild
03:02:00
C with symmetry
Steven Fassler
03:03:11
Looks like an ABC to the downside
Steven Fassler
03:03:30
Daily wave 2
Steven Fassler
03:03:52
Or a Acending Triagle
Steven Fassler
03:04:05
More likely a sell though
Steven Fassler
03:05:04
si
Steven Fassler
03:05:05
si
Raffaele
03:05:06
Yes
Steven Fassler
03:05:28
We also have the end of the month comming up next week
Steven Fassler
03:05:46
so maybe they will take one more week to square the books
Steven Fassler
03:10:25
Rising Wedge
Steven Fassler
03:10:42
There was one big wedge, now another one
andre
03:10:48
fundie friday
Mike Wild
03:11:36
Why Asian Range
Mike Wild
03:12:58
Excellent more pieces of the puzzle
andre
03:13:33
sell at sltl break?
Mike Wild
03:13:51
NY pull back
Steven Fassler
03:18:07
Cable fundie in 45 min
Steven Fassler
03:18:20
Hit the button!!
Steven Fassler
03:18:31
Someone is pushing the button :o)
wally szym
03:18:38
yes
Steven Fassler
03:18:55
Choose Mike
Steven Fassler
03:19:01
Or Wally
Steven Fassler
03:19:21
C'mon Raff!!!
Steven Fassler
03:19:32
Step up to the plate and take a swing
Steven Fassler
03:19:53
Whaaaaa? No takers??
Steven Fassler
03:20:01
C'mon guys and gals
Steven Fassler
03:20:04
get some
Steven Fassler
03:20:27
I will if no one else will
Steven Fassler
03:20:32
I need the practice
Steven Fassler
03:20:41
but someone else should step up
Steven Fassler
03:21:01
Oh, Pablo, I would really like your help with Left Behinds
Raffaele
03:21:08
I’ll have a go. I need to work out how to share the charts from my VM …
Mike Wild
03:21:14
Are you hanging in for the GBP announcements
Steven Fassler
03:21:31
OK, just a sec
Mike Wild
03:21:44
lol
Steven Fassler
03:21:47
Go for it Mike
Steven Fassler
03:21:53
get in there
Mike Wild
03:22:02
dont know how it works
Mike Wild
03:22:18
no
Steven Fassler
03:22:46
I am unsure that when we have a left behind, how do we know when to put the level to the square up at the last S/R or the last candle where the left behind is??
Raffaele
03:22:57
Sure.
Raffaele
03:23:10
I think I’ve worked out how to share the charts out of my VM
Mike Wild
03:23:11
Need to do the u/cad on my charts
Steven Fassler
03:23:28
si
Steven Fassler
03:23:32
Si
Steven Fassler
03:23:35
that is the hard part
Steven Fassler
03:23:47
Scott sometimes put it in one then another
Steven Fassler
03:23:51
Both?
Steven Fassler
03:24:12
Oh, ok
Steven Fassler
03:24:34
so how would we make a first rejection sell limit as an example?
Steven Fassler
03:24:57
with the order at the lower price, and the stop above the last one?
Steven Fassler
03:25:18
I will send you a screen shot when I find one
Steven Fassler
03:25:38
Look at the High of the chart
Steven Fassler
03:25:47
there is a left behind after the drop
Steven Fassler
03:25:52
Si
Steven Fassler
03:26:04
then, they did a square up at the support
Steven Fassler
03:26:17
and not the left behind high
Steven Fassler
03:26:34
Si
Steven Fassler
03:26:48
but as well at the next lower left behind
andre
03:27:15
why on 240 tf?
Linda F
03:27:39
What about fundies and sq up
andre
03:28:09
ok
Steven Fassler
03:28:36
Close enough for the book keepers to make it ok
Raffaele
03:30:08
Classic SU was the Francogeddon. It look them months but they went back.
Steven Fassler
03:30:31
Thank you Pablo, that is much clearer now
Raffaele
03:30:31
BIG move on that day!
Steven Fassler
03:31:15
Right back to the LB
Steven Fassler
03:31:28
Raffaele, take the chart
Steven Fassler
03:31:31
Do it!!!!
Steven Fassler
03:31:36
Get in there man
Raffaele
03:31:43
That move bankrupted alot of people
Raffaele
03:31:44
sure
Steven Fassler
03:31:57
I will take the oportunity as often as I can.
Steven Fassler
03:32:03
Don't change the subject Raff
Steven Fassler
03:32:14
Get in there man
Steven Fassler
03:32:27
Have another T-shirt available
Raffaele
03:32:29
Yes I’m a panellist now. Just a sec
Steven Fassler
03:32:37
Woooo hooooo
Steven Fassler
03:32:43
Go Raff Go
Steven Fassler
03:32:47
Si
Steven Fassler
03:32:52
We hear you
Steven Fassler
03:32:59
Si
Steven Fassler
03:33:14
You sound British man
Steven Fassler
03:33:29
I thought you were Spanish
Melvin McMasters
03:33:31
nah - that's an Aussie accent
Steven Fassler
03:33:48
LOL!!! You are right Melvin
Steven Fassler
03:34:04
You are next to take the plunge Melvin
Melvin McMasters
03:34:19
I already have in this currency (currently short)
Steven Fassler
03:34:49
So, work a chart for us man
Melvin McMasters
03:35:35
[I'm totally biased in this currency, and would value the perspective of you long-timers]
Steven Fassler
03:35:35
Looks a little flat
Steven Fassler
03:35:54
LOL! Exactly Melvin
Steven Fassler
03:36:26
That trend looks 9:30 to 3:30
Melvin McMasters
03:37:10
(I attached my bottom trend line to the day high of 6 June)
Steven Fassler
03:37:30
Margo just did hers and it looks ok
andre
03:37:32
i like the trend
Steven Fassler
03:37:43
she squeezed it up a bit so it is at the right angle
Melvin McMasters
03:37:52
(my top trend line is the daily high of 13 June)
Steven Fassler
03:38:14
The HL looks ok there too
Steven Fassler
03:39:10
That is the hard part, becuase it is completely subjective
andre
03:39:25
hsi
Steven Fassler
03:39:35
Good call Andre
Steven Fassler
03:39:39
I forgot that
Steven Fassler
03:39:52
I think we have a nice Bear Flag now
Steven Fassler
03:40:35
Trade, For, ....?
Pablo Orellana
03:40:38
Great point Andre
Steven Fassler
03:40:47
Si!!!!
andre
03:40:56
thx
andre
03:41:23
easy when the spotlight aint on u
Steven Fassler
03:42:15
Pablo, what he just did, by going above the lower swing low to the left, he was in a higher support than the swing low to the left
Steven Fassler
03:42:26
How do we handle that?
Steven Fassler
03:42:47
Take the lower low to the left and then the resistance above?
Pablo Orellana
03:43:09
I will ask him :)
Steven Fassler
03:43:19
Pole or Bear Flag
Steven Fassler
03:43:41
Trade, For, Pips, ......??
Steven Fassler
03:43:49
Si
Steven Fassler
03:43:59
T, F, P.....
Steven Fassler
03:44:04
YES!!!
Steven Fassler
03:44:06
D
Steven Fassler
03:44:25
60 Con
Steven Fassler
03:44:33
what about 240?
Steven Fassler
03:45:00
Oh, so we had 60 con,
Steven Fassler
03:45:09
and 240 I would say Div
Steven Fassler
03:45:20
Look at the last two humps
Pablo Orellana
03:45:22
I would say Con 60
Steven Fassler
03:45:33
what are the last two lows
Steven Fassler
03:45:40
Where are the last two lower lows
Pablo Orellana
03:45:45
Yes I will go also with Con 240
Steven Fassler
03:45:50
and look at the MACD there
Steven Fassler
03:45:51
Si
Steven Fassler
03:45:55
the 6 aces
Steven Fassler
03:45:58
MACD
Steven Fassler
03:46:12
Ok, go back to the 140
Steven Fassler
03:46:14
240
Steven Fassler
03:46:25
and squish up the chart
Steven Fassler
03:46:34
Look at the two last humps
Steven Fassler
03:46:41
below the zero line
Steven Fassler
03:46:53
the big one in the middle
Steven Fassler
03:47:18
Put a Verticle line where the last two lower lows are
Steven Fassler
03:47:20
Si!!!!!
Steven Fassler
03:47:22
Yes
Steven Fassler
03:47:27
YES!!!
Steven Fassler
03:47:29
Div
Steven Fassler
03:47:41
But I could be wrong
Steven Fassler
03:47:44
that is how I see it
Pablo Orellana
03:47:52
How would act in that situation?
Steven Fassler
03:48:24
Then you are responsible for your results
Steven Fassler
03:48:27
LOL!!
Pablo Orellana
03:48:27
What everyone else thinks?
Steven Fassler
03:48:36
Absolutely
Pablo Orellana
03:48:40
Remember HSI :)
Steven Fassler
03:48:40
Good work Melvin
Steven Fassler
03:48:43
Well done
Steven Fassler
03:48:52
So, what are your targets??
Steven Fassler
03:48:59
If you have conv?
andre
03:49:26
structure is king
Pablo Orellana
03:49:36
Good point Andre
Steven Fassler
03:49:46
Well Done!! Great Analysis Melvin
Steven Fassler
03:49:55
ATR???
Pablo Orellana
03:49:56
Its Raffaele :)
Steven Fassler
03:50:03
What is the ADR, ATR
Pablo Orellana
03:50:27
74 pips
Steven Fassler
03:51:04
I think we have only moved 15 of the 75 pips?
Pablo Orellana
03:51:06
Would you use the HSI?
Steven Fassler
03:51:15
so we have another 60 pips to go
Steven Fassler
03:51:23
Can you get to your target today?
Steven Fassler
03:52:01
Sorry, I think the CJ has moved 30 of 75
andre
03:52:12
pablo makes it look easy
Steven Fassler
03:52:40
My ATR script says we have 68 ATR so the CJ has another 38 pips to go
Steven Fassler
03:52:58
It most likely will NOT get to the next target
Pablo Orellana
03:52:59
Yes
Steven Fassler
03:53:01
Yea
Pablo Orellana
03:53:36
Great confluence
Pablo Orellana
03:53:41
:)
Steven Fassler
03:53:43
Well Done man
Pablo Orellana
03:54:14
Awesome
Pablo Orellana
03:54:20
Well done excellent
Melvin McMasters
03:54:25
super!
Steven Fassler
03:54:30
Excellent work Melvin
andre
03:54:33
atr is just an average
Steven Fassler
03:54:34
Sorry
Steven Fassler
03:54:38
Raffaele
Steven Fassler
03:54:41
My bad
Mike Wild
03:54:51
Well done
Steven Fassler
03:55:14
I like the trade, but it has a lower probability to hit the target today
Melvin McMasters
03:55:20
(well, I am reinforced in my trade thanks to that analysis)
Steven Fassler
03:55:23
Si
Steven Fassler
03:56:00
Really?
Steven Fassler
03:56:09
Trade conservitavely
Melvin McMasters
03:56:18
I took the 13 June high as a right shoulder
Melvin McMasters
03:56:26
so I entered short just after that
Steven Fassler
03:56:30
Nice, we have had so many poles that had Div, then go to target
Steven Fassler
03:56:38
He is an AUD
Steven Fassler
03:56:56
Good for you Raffaele
andre
03:57:32
time to worry about your job pablo
Steven Fassler
03:57:40
No, Yes
Steven Fassler
03:57:46
We can't hear you man
Raffaele
03:57:46
LOL
Raffaele
03:57:51
Thanks all!
andre
03:57:58
good job
Steven Fassler
03:58:02
So cool Pablo
Raffaele
03:58:18
You’re welcome! Thank you all.
Steven Fassler
03:58:21
I keep asking Margo to take the chart, but she is nervouse
Raffaele
03:58:42
I hope it helped. I need to improve my analysis of the MACD
Steven Fassler
03:58:44
Break the fear
Steven Fassler
03:58:53
by pushing through the discomfort
Raffaele
03:59:15
Oh and I hope you all barrack for Australia in 1hr :)
Steven Fassler
03:59:40
2 min to fundie
Raffaele
03:59:48
Oh no!!!
Steven Fassler
04:00:04
Great place to enter
Steven Fassler
04:00:07
right at the fib
Mike Wild
04:00:52
got it
Mike Wild
04:01:25
coking on the EJ was up large
Steven Fassler
04:03:03
Thank you Pablo
Raffaele
04:03:08
You’re welcome!
Steven Fassler
04:03:12
Well Done Raffaele
Pablo Orellana
04:03:16
https://www.dropbox.com/sh/qd57eouj80bfxix/AADXwcmnPby8nB1ZyAdGAnu7a?dl=0
Raffaele
04:03:17
Yes. We’ll have to meet in person!
Raffaele
04:03:45
Thanks Steven