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Trading Made Simple

  • #48,261
  • Jan 4, 2015 11:17am Jan 4, 2015 11:17am
Quoting MrAussieFX
{quote} Thanks Lastingwell, Can't wait to see your contribution. {quote} {quote} Hi Guys, Appreciate your EA analysis. As I'm still selling EA from last week. This is what I think of EA. {image} {image} Kindest regards
hi

Can you advise what indicator you are using for your ADR
Thanks
  • #48,262
  • Jan 4, 2015 12:28pm Jan 4, 2015 12:28pm
Quoting MrAussieFX
{quote} Thanks Lastingwell, Can't wait to see your contribution. {quote} {quote} Hi Guys, Appreciate your EA analysis. As I'm still selling EA from last week. This is what I think of EA. {image} {image} Kindest regards
MrAussieFX,

Thank you & very good job!

I agree with your analysis. Basically what were saying is,
how deep is the retracement going to be. "The cut".

On my daily chart I put in the fibs just to see where were at.
Their is room for price to drop down to the 68 or 50 fib level.
It's not ready for a long yet, according to the pac.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 66 KB
  • #48,263
  • Jan 4, 2015 1:09pm Jan 4, 2015 1:09pm
2015 Week 02 (5 Jan to 9 Jan):

After the last two weeks of low market liquidity and shorter trading days and holidays, be careful when checking the Daily ADR. I will give the market another week to get back into rhythm with it again after my long vacation.

Looking at all the EUR and GBP pairs on D charts, the GBP pairs looks 'prettier' to catch some pips next week.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR pairs week 02.png Size: 103 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBP pairs week 02.png Size: 101 KB


the EURGBP pair is something to consider.

Look out for the UK data release and rate announcements when intraday trading.


regards,

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,264
  • Jan 4, 2015 1:15pm Jan 4, 2015 1:15pm
Quoting GrantMcscott
{quote} hi Can you advise what indicator you are using for your ADR Thanks
The best one ever , SM is Steve Mauro but that's a whole other story, don't go there....

Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 567 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #48,265
  • Jan 4, 2015 1:30pm Jan 4, 2015 1:30pm
Quoting Erebus
{quote} The best one ever , SM is Steve Mauro but that's a whole other story, don't go there.... {file}

Fully agree with Erebus.
This !SM ADR Marker is the best so far for H1 intraday use to catch the day range and also when market reverses you can follow its day trading range and ride that.
Need to use that and watch it H1 realtime as price moves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,266
  • Jan 4, 2015 1:30pm Jan 4, 2015 1:30pm
Quoting MrAussieFX
{quote} Thanks Lastingwell, Appreciate your time, Its been a long time. How u doing ? I have tried to put your explanation in the diagram. Please feel free to correct me if you see any errors in it. {image} Kindest regards
Hi MrAussieFX, many thanks for this diagram and for all your continuing contributions!
  • #48,267
  • Jan 4, 2015 2:19pm Jan 4, 2015 2:19pm
Quoting Erebus
{quote} The best one ever , SM is Steve Mauro but that's a whole other story, don't go there.... {file}
Thanks
  • #48,268
  • Jan 4, 2015 2:32pm Jan 4, 2015 2:32pm
Quoting adikashyap
{quote} Right to the T ... Bingo .... I STAND CORRECTED ..... Your pictures always convey so many aspects so very easily ....

THIS..... is one sign of a mature trader. Being able to "stand corrected" is huge and will further your trading experience / education more than anything else.

  • #48,269
  • Jan 4, 2015 2:42pm Jan 4, 2015 2:42pm
Quoting likica
EA stalled at 50%fib level with long wick bars, it s not surprising if it retraces back to guppy on H4 next week. {image}
Hi likica and omonisha, roger that on the retrace guys... interesting structure on the W1 actually... but there is plenty of room on each LTF... good call !!!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #48,270
  • Jan 4, 2015 3:41pm Jan 4, 2015 3:41pm
Quoting snarlyjack
{quote} MrAussieFX, Thank you & very good job! I agree with your analysis. Basically what were saying is, how deep is the retracement going to be. "The cut". On my daily chart I put in the fibs just to see where were at. Their is room for price to drop down to the 68 or 50 fib level. It's not ready for a long yet, according to the pac. sj {image}
Hi MrAussieFX & SJ - thanks for the analysis... i am liking your short MrA - looking good on the D1 i will be staring down PA when/if it gets to the 1.47 round handle
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 42 KB
  • #48,271
  • Jan 4, 2015 4:04pm Jan 4, 2015 4:04pm
Wow, euro and gbp pairs just opened with a 100-150 pip gap down.
  • #48,272
  • Jan 4, 2015 4:30pm Jan 4, 2015 4:30pm
Quoting griffinssoul
{quote} Hi MrAussieFX & SJ - thanks for the analysis... i am liking your short MrA - looking good on the D1 i will be staring down PA when/if it gets to the 1.47 round handle {image}
...ummm, ok, kind of got there quicker than i thought
  • #48,273
  • Jan 4, 2015 4:39pm Jan 4, 2015 4:39pm
Quoting griffinssoul
{quote} ...ummm, ok, kind of got there quicker than i thought

Touched 1.4705 on my chart.
  • #48,274
  • Edited 5:03pm Jan 4, 2015 4:48pm | Edited 5:03pm
Quoting sknight1
{quote} Touched 1.4705 on my chart.
The 1H range is close to the ADR(5) ... lol... just madness That is one big hammer - could be Thor's
  • #48,275
  • Jan 4, 2015 5:06pm Jan 4, 2015 5:06pm
Quoting griffinssoul
{quote} The 1H range is close to the ADR(5) ... lol... just madness That is one big hammer - could be Thor's

A lot of longs just got "hammered".
  • #48,276
  • Jan 4, 2015 5:08pm Jan 4, 2015 5:08pm
Quoting sknight1
{quote} A lot of longs just got "hammered".
I saw that - have a look @ EU on the W1 (pan back) - hmmm, long hey... LOL!
  • #48,277
  • Jan 4, 2015 5:15pm Jan 4, 2015 5:15pm
Quoting griffinssoul
{quote} I saw that - have a look @ EU on the W1 (pan back) - hmmm, long hey... LOL!

Hell, have a look at the EU 15M at today's open..... I have an 80 pip hammer.
  • #48,278
  • Jan 4, 2015 5:17pm Jan 4, 2015 5:17pm
Quoting sknight1
{quote} Hell, have a look at the EU 15M at today's open..... I have an 80 pip hammer.
...that reminds me of trading the gaps in penny stocks etc.... looks like an entry coming up on the 5M breaking the lows... LOL!
  • #48,279
  • Jan 4, 2015 7:16pm Jan 4, 2015 7:16pm
Wow...did anyone have a short order on Euro????
  • #48,280
  • Jan 4, 2015 7:27pm Jan 4, 2015 7:27pm
Some pips can be made on retracement of Euro pairs...have to be careful as its against the major trend


Regards
Dennis
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