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  • #81,341
  • Aug 8, 2017 2:17pm Aug 8, 2017 2:17pm
I like GBPAUD today, when it closes out of the PAC at the end of today I will go into it with MEME insurance money management.
daily close outside the PAC and broke out of the candle from 1st august, TDI is in moderate mode, PAC trend confirmed
weekly/monthly below ema 10, monthly bearish candle and weekly pinbar
first goal 1.6150 and then 1.5820

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.JPG Size: 156 KB


regards
  • #81,342
  • Aug 8, 2017 2:21pm Aug 8, 2017 2:21pm
Quoting emmanuel7788
{quote} did you read what the former BoJ Deputy Governor said today? Be prepared for volatility. some trader holding to their short positions for weeks and their account in DD for weeks. technically, still too early to sell on D1. the weekly candles are smaller with wicks at both ends. the monthly were bullish for consecutive months. the technicals and fundamentals are not in sync. I look at other pairs to trade.
thank u emmanuel
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english is very hard me
  • #81,343
  • Aug 8, 2017 2:26pm Aug 8, 2017 2:26pm
Quoting Deichkind
I like GBPAUD today, when it closes out of the PAC at the end of today I will go into it with MEME insurance money management. daily close outside the PAC and broke out of the candle from 1st august, TDI is in moderate mode, PAC trend confirmed weekly/monthly below ema 10, monthly bearish candle and weekly pinbar first goal 1.6150 and then 1.5820 {image} regards

yes, good one. also GBPCAD. have been selling both since early July,

looking at 'empty space' to sell into. can be blessings in disguise...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,344
  • Aug 8, 2017 3:06pm Aug 8, 2017 3:06pm
Quoting emmanuel7788
{quote} I love bounce trades because they are continuation trades in a confirmed trend and most lucrative.
I am pleased that I am preaching to the choir.

I am a trend trader, so I prefer the bounce setup to the cross setup. With that said, the cross setup has certain compelling attributes -- explained by Eelfranz -- that make it worthwhile.

Below I chose a chart at random and placed vertical lines on all bounce setups, with no cherry-picking. Nine of 11 were wins. The idea was to show that this can be a high-probability way to play the game. I also explained why one setup was higher risk. If some of you are not finding enough cross setups to meet your weekly or monthly profit objective, you might consider adding the bounce setup to your arsenal.
Attached Image (click to enlarge)
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  • #81,345
  • Aug 8, 2017 3:23pm Aug 8, 2017 3:23pm
EURNZD Long on H4 looks like a good punt should we get a bullish TDI cross for MEME style trading

Other H4 trade setups on my watchlist:
GBPAUD Short
GBPCAD Short
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  • #81,346
  • Aug 8, 2017 3:33pm Aug 8, 2017 3:33pm
Quoting California
{quote} I am pleased that I am preaching to the choir. I am a trend trader, so I prefer the bounce setup to the cross setup. With that said, the cross setup has certain compelling attributes -- explained by Eelfranz -- that make it worthwhile. Below I chose a chart at random and placed vertical lines on all bounce setups, with no cherry-picking. Nine of 11 were wins. The idea was to show that this can be a high-probability way to play the game. I also explained why one setup was higher risk. If some of you are not finding enough cross setups...
Thanks California.
I have a question. Sometimes with bounce trades the swing low/high can be quite quite far away so in these cases where to you place your stoploss for MEME position sizing?
  • #81,347
  • Aug 8, 2017 4:24pm Aug 8, 2017 4:24pm
Quoting zonalmarking
{quote} Thanks California. I have a question. Sometimes with bounce trades the swing low/high can be quite quite far away so in these cases where to you place your stoploss for MEME position sizing?
Zonal, I do not use MEME. For H4, I usually use a 50 pip safety stop and would generally exit before then. This is especially true with bounce trades since they are pullback setups and I am trading with the trend (unlike the cross setup which is mostly a reversal trade and therefore not using an established trend). In a bounce trade, I leave less room for price to pull back since its pullback should have already ended.

I usually set TP at 1R (one times initial risk), so I am more interested in consistent singles than I am home runs. Sometimes I will open two sub-positions and take half off at 1R and trail a stop on the other half or just target 2R.

I hope this helps. It is a good question. The bottom line is that each of us is different and should use a money mgt plan that fits them.
  • #81,348
  • Aug 8, 2017 6:46pm Aug 8, 2017 6:46pm
Quoting emmanuel7788
{quote} did you read what the former BoJ Deputy Governor said today? Be prepared for volatility. some trader holding to their short positions for weeks and their account in DD for weeks. technically, still too early to sell on D1. the weekly candles are smaller with wicks at both ends. the monthly were bullish for consecutive months. the technicals and fundamentals are not in sync. I look at other pairs to trade.
Very Well Described! Great!
  • #81,349
  • Aug 8, 2017 7:41pm Aug 8, 2017 7:41pm
Are the .mp4 files contained within posts #14 & 25 safe? They are from 2011 and while this sounds interesting, its not worth downloading something which could be malicious. Has anyone downloaded them recently?
  • #81,350
  • Aug 8, 2017 9:20pm Aug 8, 2017 9:20pm
Quoting hpmpracer
Are the .mp4 files contained within posts #14 & 25 safe? They are from 2011 and while this sounds interesting, its not worth downloading something which could be malicious. Has anyone downloaded them recently?
Yes. Note the TDI is the real-time version, not the post 14 and 25 version that Eelfranz preferred which did not update intracandle. I don't use the stoch.
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 477 downloads
File Type: ex4 TDI_RT.ex4   16 KB | 434 downloads
File Type: mq4 TDI_RT.mq4   9 KB | 452 downloads
  • #81,351
  • Aug 8, 2017 9:24pm Aug 8, 2017 9:24pm
A/U 4H， U/J Daily , still on my DEMO account ... Welcome comments ^_^
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPYproDaily.png Size: 72 KB
  • #81,352
  • Edited 2:41am Aug 9, 2017 1:29am | Edited 2:41am
Entered short EURGBP on H4, still early on D1 but I want to test 0.90 and see how the market reacts if it ever revisits that level

EDIT: in retrospect, waiting a pair to cross Daily EMA 10 (in this case 0.8980) saves a lot of unnecessary DD. Lesson learned
  • #81,353
  • Aug 9, 2017 2:19am Aug 9, 2017 2:19am
Quoting emmanuel7788
{quote} yes, good one. also GBPCAD. have been selling both since early July, looking at 'empty space' to sell into. can be blessings in disguise...

Good morning.
No doubt, both are excellent..
We toyed Gcad down in July as well.. ;-)

You took both?
They belong to the same group.
Double risk then?
Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #81,354
  • Aug 9, 2017 7:59am Aug 9, 2017 7:59am
Quoting zonalmarking
Can somebody link me to the post with the rules for ME/ME. I can't seem to find it
Where are the ME/ME rules please?
We're all just one trade away from humility.
  • #81,355
  • Aug 9, 2017 8:25am Aug 9, 2017 8:25am
What time frame WRB is the most powerfull used?please give examples..thanks.. i really want to mastered it.
  • #81,356
  • Aug 9, 2017 8:43am Aug 9, 2017 8:43am
GBPUSD H4 (Short Idea)
Price action looks pretty decent for a short should we get a TDI cross on H4 for a MEME trade
TP:1.2087

Cons: Currently testing D1 50 EMA which could act as a support
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  • #81,357
  • Aug 9, 2017 11:23am Aug 9, 2017 11:23am
Quoting njc
{quote} What is the setting you use for the MA Envelope and also the setting both the MA?
njc I am using the PAC (smoothed 5 ma high and low), 10EMA, 50EMA and a 200 MA
  • #81,358
  • Aug 9, 2017 11:55am Aug 9, 2017 11:55am
Just went Long USDCAD (h4), Using MEME entry

1. Bullish TDI Cross
2. PAC shows bullish trend
3. HA close above PAC

Cons:
* Crude oil in a tweezer, could break out either bearish or bullish
* 200 SMA could act as a resistance
Attached Image
  • #81,359
  • Aug 9, 2017 12:39pm Aug 9, 2017 12:39pm
Quoting darko2010
Entered short EURGBP on H4, still early on D1 but I want to test 0.90 and see how the market reacts if it ever revisits that level EDIT: in retrospect, waiting a pair to cross Daily EMA 10 (in this case 0.8980) saves a lot of unnecessary DD. Lesson learned
I reversed my position into a buy after seeing the error of my ways with EMA10 Daily. The sell cost me dearly as I stupidly persisted and even doubled down, a failure on the buyside would be hard to digest even though it is very possible I should have just not touched this pair today
  • #81,360
  • Aug 9, 2017 1:02pm Aug 9, 2017 1:02pm
I thought I would share with you my screen setup which allows me to easily look at every pair I am interested in along with every timeframe I am interested in. It also allows me to single out the pairs that look like they are setting up (examples are AUDJPY and AUDUSD in the setup below which I have indented to make them stand out from all the others). This makes it easy for me to have everything in front of me, instead of dealing with all those tabs at the bottom of an MT4 page. All in one MT4 profile.

Good trading.
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