How about short NJ? I am already in some.
- #80,544
- Edited Jul 4, 2017 3:49am Jul 3, 2017 11:07pm | Edited Jul 4, 2017 3:49am
Hallo guys,
im new here, also rookie trader, im lurking here past few days, reading few last posts here, and now im creating id and my first post taking trade on NZDUSD
Im trying to trade conservative moderate way by using PAC, HA, TDI only on H4 with Single Entry and Single Exit.
NB: i saw alot of post from emmanuel7788 here that very good, thank you for all the post that you share here Emm
hope i can learn more from you
Emm, what is better using PAC build using 5-Smoothed MA set to High and Low prices or using Synergy_Pro_APB PAC?
what best time to place orders and what time to avoid trading?
Note: im using GMT+3 broker server time (Live account Alpar* ECN)
My chart PAC build using 5-Smoothed MA set to High and Low prices, TDI RT set 13,0,34,2,0,7,0
My entry using HA below PAC, TDI moderate.
My exit plan using HA change color.
Im doing backtest chart by look left scrolling chart, and found most setup appear between sidney open until london closed.
And setup that appear between london closed until sidney open is almost failed all.
im new here, also rookie trader, im lurking here past few days, reading few last posts here, and now im creating id and my first post taking trade on NZDUSD
Im trying to trade conservative moderate way by using PAC, HA, TDI only on H4 with Single Entry and Single Exit.
NB: i saw alot of post from emmanuel7788 here that very good, thank you for all the post that you share here Emm
hope i can learn more from youEmm, what is better using PAC build using 5-Smoothed MA set to High and Low prices or using Synergy_Pro_APB PAC?
what best time to place orders and what time to avoid trading?
Note: im using GMT+3 broker server time (Live account Alpar* ECN)
My chart PAC build using 5-Smoothed MA set to High and Low prices, TDI RT set 13,0,34,2,0,7,0
My entry using HA below PAC, TDI moderate.
My exit plan using HA change color.
Im doing backtest chart by look left scrolling chart, and found most setup appear between sidney open until london closed.
And setup that appear between london closed until sidney open is almost failed all.
- #80,546
- Jul 4, 2017 6:04am Jul 4, 2017 6:04am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} Hi Emmanuel, Let me share my view on those 3 pairs. First GBPAUD. W1, Structure changed and another lower high may be on the way, we have a 3 bar reversal, TDI yellow is trending nicely upwards, both green and red above yellow, But last week didnt close above 10EMA. D1, PA is consolidating within MC(3) of 28 June, but overall it is trending downside I would say. I would say D1 PA is showing opposite to W1, I mean they are not in sinc. Thanks for your comments. Okoso {image}
On the D1 chart, last month we saw a swing low and now the move up is in consolidation with that MC[3]. It may breakout to the upside to 1.7150 and I will be watching for a swing high during the coming days / weeks to catch the next move in this July month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,547
- Jul 4, 2017 6:08am Jul 4, 2017 6:08am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,548
- Jul 4, 2017 6:10am Jul 4, 2017 6:10am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,549
- Jul 4, 2017 6:19am Jul 4, 2017 6:19am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} Hi TMS Folks, Yes, as mortezakh pointed out, there is support to the left of the D1 chart. There is risk in this D1 setup. This pair will be a test of your trading patience and discipline for July month. Try it and you will learn more about yourself as a trader and how patience can be 'measured' and how much discipline you have being a trader. Last month's low is seen as support and only if the price break below last month's low is 'empty space' to sell. Price can bounce off last month's low and market goes sideways. Look at MN and W1 if...
EURCAD Week 27 ME/ME trades Jul 04.
Took my trade entry when Tokyo open today.
ME trade distance 0.5ADR 100 which is abut 33 pips, round down to 30pips distance with TP every 30pips.
So far, taken 90pips profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,550
- Jul 4, 2017 6:26am Jul 4, 2017 6:26am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Hallo guys, im new here, also rookie trader, im lurking here past few days, reading few last posts here, and now im creating id and my first post taking trade on NZDUSD Im trying to trade conservative moderate way by using PAC, HA, TDI only on H4 with Single Entry and Single Exit. NB: i saw alot of post from emmanuel7788 here that very good, thank you for all the post that you share here Emm
The mechanical rules for entry is using the PAC 5-Smoothed MA set to High-Low. This is important as we can code the PAC 'trend' using mql4 but not for the PAC Pro.
If you want to use the PAC-Pro version, then the rules for setup candle will be different.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,552
- Jul 4, 2017 6:36am Jul 4, 2017 6:36am
{quote} The mechanical rules for entry is using the PAC 5-Smoothed MA set to High-Low. This is important as we can code the PAC 'trend' using mql4 but not for the PAC Pro. If you want to use the PAC-Pro version, then the rules for setup candle will be different.
- #80,554
- Jul 4, 2017 6:55am Jul 4, 2017 6:55am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} in this picture, are you used PAC base on 5-Smoothed MA set to High-Low? Btw, thanks for the answer
yes. That's correct.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #80,555
- Jul 4, 2017 6:58am Jul 4, 2017 6:58am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} Hi, You are right, the ADR 100 is 111 pips. I was looking at my own indicator which showed 0.5ADR and I made the mistake to half that. The initial SL is 230 pips I must have been thinking to make room for 5 trades during the retracement. Too many Irish Coffee in the morning not good for trading.
Even when you make mistakes you are still making pips.
UNCONSCIOUS COMPETENCE?
- #80,559
- Jul 4, 2017 7:53am Jul 4, 2017 7:53am
For those trading the D1 chart Position trading with ME/ME. Worth to take a look at any of these 3 pairs - GBPAUD, GBPCAd and GBPNZD. Post you charts and we can discuss.
GBPAUD: monthly under EMA10 near a monthly swing, weekly over ema 10 - last week spinning top?, Daily candlesticks price maybe breaks out of range today, would be two scenarios : 1. tomorrow TDI moderate up and price close above monthly swing and has little space to walk up or 2. price breaks daily blue box and close under it, this will show PAC/TDI-Setup for short when break through weekly line, then we will have much empty space
GBPNZD: monthly under EMA 10, at resistance at 1.7800, weekly under EMA 10 and resistance zones over and under it, bullish candle last week, daily candlesticks walks since 3 days in range of the bar before, TDI not in moderate mode at the moment for a long entry, around weekly resistance. 1.scenario : breaks long out of the box or breaks short out of the box and made TDI moderate and PAC-Setup but support maybe then in the near...not the best choice imo
GBPCAD : monthly under ema 10, on support now, weekly under ema 10, last week doji/spinning top now on support monthly swing, daily candlestick waiting on a breakout down under and outside the box, TDI green under red/yellow 50 and all lines are under 50. Waiting now to have a clear break out of the box and under the support line
